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One way to speed up your debt payoff would be to lower your interest rate. In case you've got high-interest debt that 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 method to make passive income Then consider opening a high-yield savings account with an online bank such as CIT Bank that pays 19 times more 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 make consistent income and not lose your money since CIT FDIC insured.

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

Once your book is available on a site like Amazon, you could get a check every month for doing nothing. Note that spending some time developing an effective marketing plan is vital. Evidently, the longer you spend marketing your books, the more money youll make.

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

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

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If you have a website already then this is a no-brainer.  Some folks are making over $50,000 a month just like Michelle who teaches others how to make money online with her class Making Sense of Affiliate Marketing.

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

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

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

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So, lets say you created a lead generation website that focuses on real estate. Youd utilize the website to educate individuals about home ownership. Or, youd educate them about real estate investing.

Within the website youd have links in which people could contact you to learn more. When someone contacts you, you refer them to some real estate professional in their region.

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

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

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

You can earn even more money by signing up using a distinctive rewards shopping website. There are sites that will pay you each time you shop at certain online retailers.

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You simply download the websites 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 called Ebates, which will pay you $10 just for signing up.

With their dual cash back specials, you can double your passive income earnings if the ideal items go on sale.

Again, your earning plan goes out the window if you buy things you dont need just to earn rewards. Just go on your shopping as usual, and potentially earn a nice cash bonus my link in the process.

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With the explosion of eCommerce, drop shipping has become extremely common.  Here's how it works: you make an online shop that provides products from certain manufacturers.