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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 you want to get a lower interest rate on, have a look at Credible, which offers loan rates as low as 4.99% to refinancing your credit card debt.

Are you looking for a low-risk method to produce 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 1.55% 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 task of creating the publication is done, selling novels can be a fantastic way to produce some severe residual income.

Once your book can be found 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. Obviously, the more time you spend marketing your books, the more money youll make.

Have you got an additional room that you rarely use Why not rent it out to someone looking for a short-term rental on Airbnb.  Millions of people use Airbnb to find somewhere 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 room after 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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In case you've got a website already then this really is a no-brainer.  Some people 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 start one for less than $3/month. Thats the price for getting a site host a company that stores your published here site on servers so it can be viewed on the Internet.   Click here to find special pricing of $2.95/month with Bluehost.

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

Another way to produce passive income is to create a lead generation site. Lead generation websites exist to provide referrals to local businesses.

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Therefore, lets say you created a lead generation website that focuses on real estate. Youd use the site in order to educate individuals about home ownership. Or, youd educate them about real estate investing.

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

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

You could also earn money by having advertisers on your website. Note that you may have to understand SEO (Search Engine Optimization) principles in order to make the website successful. Getting your site near 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 ship the goods for you I actually 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 which will pay you every time you shop at certain online retailers.

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You simply download the sites browser extension and every time youre on an e-commerce website thats qualified 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 dual money back specials, then you can double your passive income earnings in the event the ideal things go on the market.

Again, your navigate to this website earning plan goes out the window if you purchase things you dont need simply to earn rewards. Just go on 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 extremely common.  Here's how it works: you create an online shop that provides products from certain manufacturers.