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One way to boost your debt payoff would be to lower your interest rate. In case you have high-interest debt that you want to get a lower interest rate on, have a look at Credible, which offers loan rates 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 like 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'll 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 book 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 can get a check every month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is essential. Evidently, the longer you spend marketing your publications, the more money youll earn.

Do you have an additional room that you rarely 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 room 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 a month renting out their bedrooms.

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If you have a website 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 website, you can begin one for less than $3/month. Thats the price for getting a site sponsor 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 with Bluehost.

Affiliate marketing can be you can try this out a terrific way to make passive income. This is because when folks click on the affiliate links on your site, you receive a commission at no additional cost . All they need to do is purchase a service or product.

Another way to make passive income is to make a lead generation website. 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 real estate. Youd utilize the website in order 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 a real estate professional in their area.

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

You could also make money by having advertisers on your site. Note that you may need to understand SEO (Search Engine Optimization) principles in order to make the website successful. Getting your website at the top of search engine pages would be vital 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 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 using a special rewards shopping site. There are websites that will pay you every time you shop at certain online retailers.

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

Using their double money back specials, you can double your passive income earnings in the event the right things 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 in the procedure.

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