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One way to boost your debt payoff is to decrease your interest rate. In case you've got high-interest debt you want to find a lower interest rate on, have a look at Credible, which features 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 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 work of creating the publication is done, selling books can be a great method to produce some serious residual income.

Once your book can be found on a site 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. Obviously, the more time you spend marketing your books, the more money youll earn.

Do you have an extra room which you seldom use Why not rent it out to someone looking for a temporary rental on Airbnb.  Millions of people 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 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 spare 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 class Making Sense of Affiliate Marketing.

In case you dont have a website, you can begin click reference one for less than $3/month. Thats the cost for getting a site host a company that stores your website on servers so it can be viewed on the Internet.   Click here to best site get special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a terrific way to make passive income. That is because when people click on the affiliate links on your website, you receive a commission at no additional cost . All they have 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 give referrals to local businesses.

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

Within the site youd have links in which individuals could contact you to learn more. When someone contacts you, you refer them to a real estate professional in their area.

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

You could also earn money by having advertisers on your website. Note that you would need to understand SEO (Search Engine Optimization) principles in order to make the website successful. Getting your site at the top of search engine pages will be vital 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 actually have a friend who's done very well with this as he earns six figures per year selling his own products online.

You can earn even more official website money by signing up with a special rewards shopping site. There are websites which will pay you each time you shop at certain online retailers.

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You simply download the websites browser extension and each time youre on an e-commerce site thats eligible for cash-back, youll get a notification. I use a free website named Ebates, which will cover you $10 just for signing up.

With their double money back specials, then you can double your passive income earnings if the right things go on the market.

Again, your earning strategy goes out the window if you buy things you dont need just to earn rewards. Just go about 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 extremely common.  Here's how it works: you make an online store that provides products from certain manufacturers.