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One approach to speed up your debt payoff is to lower your interest rate. If you have high-interest debt that you want to find a lower interest rate on, have a look at Credible, which offers loan amounts as low as 4.99% for 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 like CIT Bank that pays 19 times greater than traditional banks. CIT is currently are paying 1.55% which is unreal.

While this wont make you filthy rich, it will 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 method to produce some severe residual income.

Once your book can be found 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 essential. Obviously, the longer you spend marketing your books, the more money youll make.

Do you have an extra room which 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 resort, sometimes even for months at a time.

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

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If you have 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 make money online with her class Making Sense of Affiliate Marketing.

In case you dont have a website, you can begin one for less than $3/month. Thats the price for getting a site host a company that stores your website on servers so it can be viewed 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 see here is because when folks click on the affiliate links on your site, you receive a commission at no additional cost to them. All they have to do is purchase a product or service.

Another way to produce passive income is to create a lead generation site. Lead generation sites exist to provide referrals to local businesses.

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So, lets say you created a lead generation website which focuses on property. Youd utilize the website to educate individuals about home ownership. Or, youd instruct them about property investing.

Within the site youd have links where 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 cover you to the lead. Its a warm lead and not a cold encounter, so professionals are more willing to pay.

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

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Did you know you can sell your own products on Amazon and have them even ship the goods for you I really 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 next page a special rewards shopping site. There are websites that 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 website thats eligible 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 dual cash back specials, you can double your passive income earnings if the ideal 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 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 very common.  Here's how it works: you create an online shop that offers goods from certain manufacturers.