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One way to speed up your debt payoff would be to lower your interest rate. If you have high-interest debt you want to find 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 make passive income Then look at 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% which is unreal.

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

Once your book can be found on a site like Amazon, you could get a check every month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is essential. Obviously, the more time you spend marketing your publications, the more money youll earn.

Have you got an additional room that you seldom 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 hotel, sometimes even for months at a time.

You can hire a maid service to clean and prep the space 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 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 folks 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.

If 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 it can be seen on the Internet.   Click here to find special pricing of $2.95/month with Bluehost.

Affiliate marketing can be a great way to produce passive income. This is because when people click on the affiliate links on your site, you are given a commission at no additional cost . All they have to do is purchase a product or service.

Another way to make passive income is to make a lead generation site. Lead generation websites exist to give warnings to local businesses.

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

Within the website 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 region.

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The actual estate professional would pay you for 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 site. 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 will be critical to achievement.

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Did you know that you can sell your own products on Amazon and have them even send the goods for you I really 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 distinctive rewards shopping site. There are sites which will pay you each time you shop at certain online retailers.

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You my company just 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 website called Ebates, which will cover 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 buy 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 extremely common.  Here's how it works: you make an online shop that offers products from certain manufacturers.