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One approach to speed up your debt payoff would be to decrease your interest rate. In case 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 method to make 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 create consistent income and not lose your money since CIT FDIC insured.

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Once the initial work of creating the publication is done, selling books can be a great method to create some severe residual income.

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

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 in a hotel, sometimes even for months at a time.

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

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In case 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 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 seen on the Internet.   Click here to get special pricing of $2.95/month with Bluehost.

Affiliate marketing can be a terrific way to make passive income. That is because when folks 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 product or service.

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

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Therefore, lets say you created a lead generation site that focuses on property. Youd use the site read this in order to educate individuals about home ownership. Or, youd educate 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 some real estate professional in their region.

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

You could also make money by having advertisers on your site. Note that you may click here to find out more 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 would be critical for achievement.

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Did you know that you can sell your own products on Amazon and have them even send the products for you I really have a friend who has 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 site. You will find websites 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 site 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.

Using their dual money back specials, 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 purchase things you dont need just to earn rewards. Just go on your shopping as normal, 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 create an online store that offers goods from certain manufacturers.