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One way to boost your debt payoff is to decrease your interest rate. In case you've got 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 method 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 1.55% which is unreal.

While this wont make you filthy rich, it will be a safer way to create 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 method to create some severe residual income.

Once your book can be found on a site like Amazon, you can receive 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 make.

Have you got an extra room that you rarely use Why not rent it out to someone looking for a temporary rental on Airbnb.  Millions of individuals 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 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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In case you have a website already then this is a no-brainer.  Some people are making over $50,000 a month just like Michelle who teaches others how to make money online with her class Making Sense of Affiliate Marketing.

If you dont have a web site, you can begin one for less than $3/month. Thats the cost for getting a website host a company that stores your website on servers so that 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 site link produce passive income. That is because when folks click on the affiliate links on your website, you are given a commission at no additional cost to them. All they need to do is buy a service or product.

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

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

Within the site 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 region.

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The actual estate professional Continue would pay you for the lead. Its a hot lead and not a cold encounter, so professionals would be more willing to pay.

You might also make money by having advertisers on your site. Note that you would need to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your site near the top of search engine pages would be critical to success.

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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 actually have a friend who's done really well with this he makes six figures per year selling his own products online.

You can earn even more money by signing up with a distinctive rewards shopping site. You will find websites that will pay you each time you shop at certain online retailers.

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You just download the sites browser extension and every time youre on an e-commerce site thats qualified for cash-back, youll get a notification. I use a free site called Ebates, which will cover you $10 just for signing up.

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

Again, your earning strategy goes out the window if you purchase things you dont need simply 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 very common.  Here's how it works: you create an online shop that offers goods from certain manufacturers.