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One way to speed up your debt payoff would be to decrease your interest rate. If you've got high-interest debt that you want to get a lower interest rate on, have a look at Credible, which offers loan rates 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% 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 books can be a fantastic method to create some serious residual income.

Once your book is available on a site like Amazon, you could get a check every month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is vital. Evidently, the longer you spend marketing your publications, the more money youll earn.

Have you got an extra room that 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 following 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 spare bedrooms.

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If you've got a site already then this is a no-brainer.  Some people are making over $50,000 a month just like Michelle who teaches others how to earn 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 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 with Bluehost.

Affiliate marketing can be a terrific way to produce passive income. That is because when people click on the affiliate links on your site, you are given a commission at no additional cost . All they have to do is buy a service or product.

Another way to make passive income is to make a lead generation website. 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 use the website to educate individuals about home ownership. Or, youd educate them about property investing.

Within the site youd have links in which 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 would cover you for the lead. Its a warm lead and not a cold encounter, so professionals would be more willing to pay.

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

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Did you know you can sell your own products on Amazon and have them even send the goods for you helpful resources I really have a friend who has done really well with this he earns six figures per year selling his own products online.

You can earn even more money by signing up using a distinctive rewards shopping site. There are sites which will pay you every time you shop at certain online retailers.

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

With their double money back specials, 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 simply 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 extremely common.  Here's how it works: you create an online store that provides goods from certain manufacturers.