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One approach 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 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 more than traditional banks. CIT is currently are paying 1.55percent that's unreal.

Although this wont make you filthy rich, it'll 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 publication is done, selling novels can be a fantastic method to produce some serious residual income.

Once your book can be found on a website like Amazon, you can get a check each month for doing absolutely 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.

Do you have an extra room that 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 hotel, sometimes even for months at a time.

You can hire a maid service to clean and prep the room following 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 spare bedrooms.

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If you've got 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 make money online with her check this site out course Making Sense of Affiliate Marketing.

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

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

Another way to make passive income is to create a lead generation website. Lead generation sites exist to provide referrals to local businesses.

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Therefore, lets say you created a lead generation site which focuses on property. Youd use the website to educate individuals about home ownership. Or, youd educate them about property investing.

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

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The real estate professional would cover you navigate to this site to the lead. Its a hot lead and not a cold encounter, so professionals would be more willing to pay.

You might also earn money by having advertisers on your site. Note that you may have 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 vital 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 actually 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 website. You will find websites which will pay you every time you shop at certain online retailers.

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You just download the websites browser extension and each time youre on an e-commerce site thats qualified for cash-back, youll receive a notification. I use a free site named 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 right items go on the market.

Again, your earning strategy goes out the window if you buy things you dont need just to earn rewards. Just go about 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 store that provides products from certain manufacturers.