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One way to boost your debt payoff is to lower your interest rate. In case you have high-interest debt you want to find a lower interest rate on, have a look at Credible, which features 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 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 1.55percent that's unreal.

Although 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 fantastic way to produce some severe residual income.

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

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 people use Airbnb to find a place 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 room following a guess 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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In case you've got a site already then this really is a no-brainer.  Some folks are making over $50,000 per month like Michelle who teaches others how to make money online with her course Making Sense of Affiliate Marketing.

In case 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 site on servers so it can be viewed on the Internet.   Click here to get special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a great original site way to make passive income. That is because when people click on the affiliate links on your website, you receive a commission at no additional cost . All they need to do is buy a service or product.

Another way to produce passive income is to create a lead generation website. Lead generation websites exist to provide warnings to local businesses.

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So, lets say you created a lead generation site which focuses on property. Youd use the site to educate individuals about home ownership. Or, youd educate 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 real estate professional would cover 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) rules in order to make the site successful. Getting your site at the top of search engine pages would be critical for 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 as 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 sites which will pay you each time you shop at certain online retailers.

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You just download the websites browse around this site browser extension and every time youre on an e-commerce website thats eligible for cash-back, youll get a notification. I use a free site named Ebates, which will cover you $10 just for signing up.

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

Again, your earning strategy goes out the window if you purchase things you dont need just to earn rewards. Just go on your shopping as usual, and potentially earn a nice cash bonus in the process.

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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.