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One approach to speed up your debt payoff is to lower your interest rate. If you have high-interest debt that you want to get a lower interest rate on, have a look at Credible, which offers loan amounts as low as 4.99% for refinancing your credit card debt.

Are you looking for a low-risk method to produce passive income Then look at opening a high-yield savings account with an online bank such as CIT Bank that pays 19 times greater than traditional banks. CIT is currently are paying 1.55percent that's 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 work of creating the book is done, selling novels can be a great way to create some severe residual income.

Once your book can be found on a website like Amazon, you can receive a check each month for doing nothing. Note that spending some time developing an effective marketing plan is vital. Evidently, the longer you spend marketing your publications, 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 short-term rental on Airbnb.  Millions of individuals use Airbnb to find somewhere 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 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 a month renting out their 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 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 website, you can begin Full Report one for less than $3/month. Thats the price for getting a website host a company that stores your site 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 can be a great way to produce passive income. That 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 buy a service or product.

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

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So, lets say you produced a lead generation site that focuses on property. Youd utilize the site to educate people about home ownership. Or, youd instruct 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 some 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 lead, so professionals would be more willing to pay.

You could also make money by having advertisers on your website. Note that you may have to understand SEO (Search Engine Optimization) rules in order to make the site successful. Getting your website at the top of search engine pages will be vital for success.

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Did you news know 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 using a special rewards shopping site. 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 every time youre on an e-commerce site thats eligible for cash-back, youll receive a notification. read review I use a free website named Ebates, which will cover you $10 just for signing up.

Using their dual cash back specials, then you can double your passive income earnings in the event the right items go on sale.

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 very popular.  Here's how it works: you make an online store that offers goods from certain manufacturers.