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One way to speed up your debt payoff would be to lower 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 rates 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 like CIT Bank that pays 19 times greater than traditional banks. CIT is currently are paying 1.55percent which is unreal.

Although 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 work of creating the book is done, selling books can be a fantastic way to produce some serious residual income.

Once your book is available on a site like Amazon, you could receive 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 books, the more money youll make.

Do you have an extra room which you seldom 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 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 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 folks are making over $50,000 a month 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 price for getting a website host a company that stores your website on servers so it can be viewed on the Internet.   Click here to find special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a terrific way to see this page make passive income. This is because when people 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 produce passive income is to make a lead generation site. Lead generation websites exist to provide referrals to local businesses.

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So, lets say you created a lead generation website which focuses on property. Youd use the website in order to educate people 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 a 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 lead, so professionals would be more willing to pay.

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

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Did you know you can sell your own products on Amazon and have them even ship the visit this page products for you I really 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 special rewards shopping site. You will find sites which will pay you every 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 website 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.

With their dual money back specials, then you can double your passive income earnings if the ideal things go on the market.

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 procedure.

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With the explosion of eCommerce, drop shipping has become very popular.  Here's how it works: you create an online shop that provides goods from certain manufacturers.