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One way to speed up your debt payoff would be to lower your interest rate. If you have high-interest debt you want to find a lower interest rate on, have a look at Credible, which offers loan amounts 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 1.55percent 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 task of creating the book is done, selling books can be a fantastic method to create some severe residual income.

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

Do you have an additional room that 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 space 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 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 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 start 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 viewed on the Internet.   Click here to get special pricing of $2.95/month with Bluehost.

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

Another way to make 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 produced a lead generation website that focuses on real estate. Youd use the website in order to educate individuals about home ownership. Or, youd instruct them about real estate investing.

Within the website 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 area.

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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 be more willing to pay.

You could also earn money by having advertisers on your site. Note that you may need to understand SEO (Search Engine Optimization) rules in order to make the site successful. Getting your site at the top of search engine pages would be vital for achievement.

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Did you know that you can sell your own products on Amazon and have them even ship the goods for you I actually 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 up with a special rewards shopping website. You will find websites 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 site get more thats eligible for cash-back, youll receive a notification. I use a free site named Ebates, which will cover you $10 just for signing up.

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

Again, your earning strategy goes out the window if you buy things you dont need simply to earn rewards. Just additional info 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 popular.  Here's how it works: you make an online shop that offers products from certain manufacturers.