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One approach to boost your debt payoff is to lower your interest rate. In case you have high-interest debt you want to find a lower interest rate on, check out 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 make passive income Then consider 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 1.55% 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 task of creating the book is done, selling books can be a great way to produce some serious residual income.

Once your book is available on a site like Amazon, you could get a check each month for doing 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 earn.

Do you have an additional room that you rarely use Why not rent it out to someone looking for a short-term rental on Airbnb.  Millions of people 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 after a guess leaves. This may 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've got a site already then this is a no-brainer.  Some people are making over $50,000 per 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 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 get special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a terrific 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 . All they need to do is purchase a product or service.

Another way to make passive income is to make a lead generation site. Lead generation websites exist to provide warnings to local businesses.

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

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

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

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Did you know that you can sell your own products on Amazon and have them even send the goods for you I actually 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 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 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 named Ebates, which will cover you $10 just for signing up.

With their dual money visit our website back specials, you can double your passive income earnings in the event the ideal 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 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 popular.  Here's how it works: you make an online store that provides products from certain manufacturers.