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One approach to boost 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 way to produce 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 that's 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 novels can be a fantastic way to produce some serious residual income.

Once your book can be found on a site like Amazon, you can receive a check every month for doing nothing. Note that spending some time developing an effective marketing plan is vital. Obviously, the more time you spend marketing your publications, the more money youll make.

Have you got an extra room that you seldom 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 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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If you've got a site already then this really 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 course Making Sense of Affiliate Marketing.

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

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

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

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

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Within the site youd have links where people 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 warm lead and not a cold lead, so professionals would be more willing to pay.

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

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Did you know that 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 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 website. You will find websites that will pay you each 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 thats eligible for cash-back, youll receive a notification. I use a free check my source website called Ebates, which will pay you $10 just for signing up.

Using their double money back specials, you can double your passive income earnings if the right items go on sale.

Again, your earning strategy goes out the window if you buy 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 very common.  Here's how it works: you make an online store that provides goods from certain manufacturers.

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