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One approach to boost your debt payoff is to decrease your interest rate. In case you've got high-interest debt that you want to find 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 way 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 will be a safer way to make consistent income and not lose your money since CIT FDIC insured.

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Once the initial task of creating the publication is done, selling books can be a great way to produce some serious residual income.

Once your book is available on a website like Amazon, you can get a check each month for doing nothing. Note that spending some time developing an effective marketing plan is vital. 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 individuals use Airbnb to find a place 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 suspect 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 folks are making over $50,000 per 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 cost for getting a site host a company that stores your site on servers so that it can be viewed on the Internet.   Click here to find special pricing of $2.95/month with Bluehost.

Affiliate marketing can be a great way to make 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 purchase a product or service.

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

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

Within the website youd have links where people could contact you to learn more. When someone contacts you, you refer them to a real estate professional in their region.

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The real estate professional would cover you to the lead. Its a hot 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 may have to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your website near the top of search engine pages would be critical to success.

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Did you know that you can sell your own products on Amazon and have them even ship the goods for you I really have a friend who's done very well with this he see this site earns six figures per year selling his own products online.

You can earn even more money by signing up with a special rewards shopping site. There are sites which 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 website thats eligible for cash-back, youll get a notification. I use a free site named Ebates, which will cover you $10 just for signing up.

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

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 find more info usual, 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 offers products from certain manufacturers.