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One way to boost your debt payoff is to decrease your interest rate. If you've got high-interest debt you want to get a lower interest rate on, have a look at Credible, which offers loan amounts as low as 4.99% for refinancing your credit card debt.

Are you looking for a low-risk way to produce passive income Then look at opening a high-yield savings account with an online bank such as CIT Bank that pays 19 times greater than traditional banks. CIT is currently are paying 1.55percent that's unreal.

Although this wont make you filthy rich, it will be a safer way to create consistent income and not lose your money since CIT FDIC insured.

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Once the initial work of creating the book is done, selling novels can be a great method to create some serious residual income.

Once your book is available on a website like Amazon, you could receive a check each month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is vital. Evidently, the more time you spend marketing your books, the more money youll earn.

Do you have an extra room which you rarely use Why not rent it out to someone looking for a short-term rental on Airbnb.  Millions of individuals use Airbnb to find somewhere to stay instead of staying at a resort, sometimes even for months at a time.

You can hire a maid service to clean and prep the space after a suspect leaves. This will eliminate work on your end and make it truly passive income. My friend Steve and his wife make over $1000 per month renting out their spare bedrooms.

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In case you've got a website already then this really is a no-brainer.  Some people are making over $50,000 a month like Michelle who teaches others how to make money online with her course Making Sense of Affiliate Marketing.

In case you dont have a website, you can begin one for less than $3/month. Thats the cost for getting a site sponsor a company that stores your website on servers so that it can be seen on the Internet.   Click here to find special pricing of $2.95/month check using Bluehost.

Affiliate marketing can be a great way to produce passive income. This is because when folks click on the affiliate links on your website, you receive a commission at no additional cost to them. All they need to do is purchase a service or product.

Another way to produce passive income is to create a lead generation website. Lead generation sites exist to give referrals to local businesses.

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Therefore, lets say you produced a lead generation site which focuses on property. Youd use the website to educate individuals about home ownership. Or, youd instruct them about property investing.

Within the site youd have pop over to this site links in which people could contact you to learn more. When someone contacts you, you refer them to a real estate professional in their area.

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The actual estate professional would cover you for the lead. Its a hot lead and not a cold encounter, so professionals would be more willing to pay.

You might also make money by having advertisers on your website. Note that you would need to understand SEO (Search Engine Optimization) rules in order to make the site successful. Getting your site at the top of search engine pages will be critical for success.

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Did you know you can sell your own products on Amazon and have them even ship the products for you I actually have a friend who has done really well with this he earns six figures per year selling his own products online.

You can earn even more money by signing up with a special rewards shopping website. You will find sites which will pay you every time you shop at certain online retailers.

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You just download the sites browser extension and every time youre on an e-commerce website thats eligible for cash-back, youll get a notification. I use a free site named Ebates, which will cover you $10 just for signing up.

Using their double money back specials, then you can double your passive income earnings in the event the ideal things go on sale.

Again, your earning plan goes out the window if you try this website buy things you dont need just to earn rewards. Just go about your shopping as normal, and potentially earn a nice cash bonus in the procedure.

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With the explosion of eCommerce, drop shipping has become very popular.  Here's how it works: you make an online shop that offers goods from certain manufacturers.