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One approach to boost your debt payoff would be to decrease your interest rate. If you have high-interest debt that you want to find a lower interest rate on, check out 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 make passive income Then consider 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 1.55% which is 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 work of creating the publication is done, selling novels can be a great way to create some serious residual income.

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

Do you have an additional room which 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 space 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 per 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 people are making over $50,000 per month just like Michelle who teaches others how to earn money online with her course 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 website host a company that Homepage stores your site on servers so that it can be viewed on the Internet.   Click here to get special pricing of $2.95/month with Bluehost.

Affiliate marketing can be a terrific way to 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 . All they need to do is buy a product or service.

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

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Therefore, lets say you produced a lead generation site that focuses on property. Youd use the website to educate people about home ownership. Or, youd educate them about property 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 real estate professional would pay you to the lead. Its a warm lead and not a cold encounter, so professionals would Get the facts be more willing to pay.

You might also earn money by having advertisers on your site. Note that you may need 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 success.

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Did you know you can sell your own products on Amazon and have them even send the products for you I really have a friend who has 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 which will pay you every time you shop at certain online retailers.

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You simply download the websites 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 pay you $10 just for signing up.

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

Again, your earning plan goes out the window if you buy things you dont need just to earn rewards. Just go about your shopping as normal, and potentially earn a nice cash bonus in the procedure.

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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 products from certain manufacturers.