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One way to boost your debt payoff is to lower your interest rate. In case you have high-interest debt you want to get a lower interest rate on, check out Credible, which features 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 like CIT Bank that pays 19 times greater than traditional banks. CIT is currently are paying 1.55% that's 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 novels can be a fantastic way to create some serious residual income.

Once your book can be found on a site like Amazon, you could receive a check each month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is vital. Evidently, the more time you spend marketing your books, the more money youll earn.

Do you have an additional 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 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 space 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 website already then this really is a no-brainer.  Some people are making over $50,000 per month just like Michelle who teaches others how to earn money online with her course Making Sense of Affiliate Marketing.

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

Affiliate marketing can be a great way to make passive income. That is because when folks click on the affiliate links on your site, you receive a commission at no additional cost to them. All they need to do is purchase a product or service.

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

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

Within the website 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 region.

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

You could also make money by having advertisers on your site. Note that you would have to understand SEO (Search Engine Optimization) principles in order to make the website successful. Getting your website at 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 send the goods for you I actually have a friend who's done really well with this he makes six figures per visit year selling his own products online.

You can earn even more money by signing up with a distinctive 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 eligible for cash-back, youll get a notification. I use a free website called Ebates, which will cover you $10 just for signing up.

Using their double cash back specials, you can double Your Domain Name your passive income earnings in the event the ideal items go on the market.

Again, your earning plan goes out the window if you purchase things you dont need just to earn rewards. Just go about your shopping as view normal, and potentially earn a nice cash bonus in the procedure.

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With the explosion of eCommerce, drop shipping has become extremely popular.  Here's how it works: you create an online shop that provides products from certain manufacturers.