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One way to boost your debt payoff is to lower your interest rate. In case you've got high-interest debt that you want to get a lower interest rate on, check out Credible, which features loan amounts as low as 4.99% to 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 like CIT Bank that pays 19 times greater than traditional banks. CIT is currently are paying 1.55% that's unreal.

While 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 task of creating the book is done, selling novels can be a great method to create some severe residual income.

Once your book is available on a website like Amazon, you can get a check every month for doing 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 make.

Have you got an extra room which you rarely use Why not rent it out to someone looking for a temporary rental on Airbnb.  Millions of people use Airbnb to find a place 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 have a site already then this is a no-brainer.  Some people are making over $50,000 per month just like Michelle who teaches others how to earn money online with her class Making Sense of Affiliate Marketing.

If you dont have a web site, you can start one for less than $3/month. Thats the cost for getting a website host a company blog that stores your website on servers so that it can be viewed on the Internet.   Click here to get special pricing of $2.95/month with Bluehost.

Affiliate marketing 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 check here they need to do is buy a service or product.

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

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

Within the site youd have links where 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 pay you for the lead. Its a warm 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 would need to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting your website near the top of search engine pages would be critical to achievement.

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Did you know that you can their explanation sell your own products on Amazon and have them even send the goods for you I actually have a friend who's done very well with this as he earns 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 each time you shop at certain online retailers.

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You simply download the websites browser extension and each time youre on an e-commerce website thats qualified for cash-back, youll receive a notification. I use a free site called Ebates, which will pay you $10 just for signing up.

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

Again, your earning plan goes out the window if you purchase things you dont need simply 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 common.  Here's how it works: you create an online store that offers goods from certain manufacturers.