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One way to boost your debt payoff is to decrease your interest rate. If you have high-interest debt you want to get a lower interest rate on, check out Credible, which features 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 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'll be a safer way to make consistent income and not lose your money since CIT FDIC insured.

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Once the initial task of creating the book is done, selling books can be a great way to produce some serious residual income.

Once your book is available on a website like Amazon, you could 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 publications, 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 a place to stay instead of staying in a resort, 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 spare bedrooms.

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In case you've got a website already then this is a no-brainer.  Some people are making over $50,000 per month like Michelle who teaches others how to make money online with her class Making Sense of Affiliate Marketing.

In case you dont have a web site, you can begin one for less than $3/month. Thats the cost for getting a website sponsor a company that stores your website 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 knockout post a terrific way to produce passive income. This is because when people 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 product or service.

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

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Therefore, lets say you created a lead generation website that focuses on property. Youd utilize the site to educate people about home ownership. Or, youd instruct them about property investing.

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

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The real estate professional would cover you to the lead. Its a warm lead and not a cold lead, so professionals are more willing to pay.

You could also earn money by having i thought about this advertisers on your site. Note that you would have to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting your website at the top of search engine pages would be critical for More about the author 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 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 using a distinctive rewards shopping website. You will find sites which will pay you every time you shop at certain online retailers.

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

Using their dual money back specials, then you can double your passive income earnings in the event the right things go on the market.

Again, your earning plan goes out the window if you buy 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 very common.  Here's how it works: you make an online store that provides goods from certain manufacturers.