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One way to boost your debt payoff would be to decrease your interest rate. In case 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 way to make passive income Then look at opening a high-yield savings account with an online bank such as CIT Bank that pays 19 times more than traditional banks. CIT is currently are paying 1.55percent which is 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 publication is done, selling novels can be a great method to create some severe residual income.

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

Have you got an additional 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 resort, sometimes even for months at a time.

You can hire a maid service to clean and prep the room after 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 per month renting out their spare bedrooms.

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If you have a site already then this is a no-brainer.  Some people are making over $50,000 a month like Michelle who teaches others how to earn money online with her course Making Sense of Affiliate Marketing.

In case you dont have a web site, you can start one for less than $3/month. Thats the cost for getting a website host a company that stores your site on servers so it can be seen on the Internet.   Click here to get special pricing of $2.95/month with Bluehost.

Affiliate marketing can be a great way to make 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 have to do is purchase a service or product.

Another way to produce passive income is to create a lead generation website. Lead generation websites exist to provide see this site warnings to local businesses.

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

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

You could also earn 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 near the top of search engine pages would be vital for achievement.

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

You can earn even more money by signing directory up using a special rewards shopping website. You will find sites that will pay you each time you shop at certain online retailers.

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

With their double cash back specials, you can double your passive income earnings in the event the ideal things go on the market.

Again, your earning plan goes out the window if you purchase 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 extremely common.  Here's how it works: you make an online store that offers products from certain manufacturers.