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One way to speed up 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 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 that's 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 task of creating the book is done, selling books can be a great way to create some severe residual income.

Once your book can be found on a website like Amazon, you can receive a check each month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is vital. Obviously, the more time you spend marketing your publications, 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 a place to stay instead of staying in a resort, sometimes even for months at a time.

You can hire a maid service to clean and prep the room 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 a 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 make money online with her class Making Sense of Affiliate Marketing.

If 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 website on servers so it can be seen on the Internet.   Click here to get special pricing of $2.95/month with Bluehost.

Affiliate marketing can be a view website 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 . All they have to do is purchase a service or product.

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 special info focuses on real estate. Youd utilize the site in order to educate individuals about home ownership. Or, youd educate them about property investing.

Within the site youd have links in which individuals 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 lead, so professionals are more willing to pay.

You might also make money by having advertisers on your website. Note that you would have 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 to 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 really have a friend who has done very well with this he makes six figures per year selling his own products online.

You can earn even more money by signing up with a distinctive rewards shopping website. You will find sites that will pay you every time you shop at certain online retailers.

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You simply download the sites 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 called Ebates, which will cover you $10 just for signing up.

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

Again, your earning strategy goes out the window if you purchase things you dont need just to earn rewards. Just go on your shopping as usual, read 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 shop that provides goods from certain manufacturers.