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One approach to boost your debt payoff would be to decrease your interest rate. If you've got high-interest debt you want to find a lower interest rate on, check out Credible, which offers loan amounts as low as 4.99% to refinancing your credit card debt.

Are you looking for a low-risk way to produce passive income Then consider opening a high-yield savings account with an online bank like 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 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 books can be a great way to create some severe residual income.

Once your book can be found on a site like Amazon, you could receive a check each month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is essential. Evidently, the more time you spend marketing your books, the more money youll make.

Do you have an extra 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 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 may 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 bedrooms.

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If you have a website already then this really is a no-brainer.  Some folks are making over $50,000 per month like Michelle who teaches others how to earn 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 cost for getting a site host a company that stores your website 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 Read Full Report can be a great way to make passive income. This is because when people click on the affiliate links on your site, you receive a commission at no additional cost to them. All they need to do is purchase a product or service.

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

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So, lets say you produced link a lead generation website which focuses on property. Youd use the website in order to educate individuals about home ownership. Or, youd educate them about property investing.

Within the site youd have links where 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 real estate professional would cover you for the lead. Its a hot lead and not a cold encounter, so professionals are more willing to pay.

You could also earn money by having advertisers on your website. Note that you click here for info may 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 would be critical to achievement.

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Did you know that you can sell your own products on Amazon and have them even ship the goods for you I really have a friend who's 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 site. 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 qualified for cash-back, youll get a notification. I use a free site called Ebates, which will cover you $10 just for signing up.

Using their dual cash back specials, you can double your passive income earnings if the ideal things go on the market.

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

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