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One approach to speed up your debt payoff would be to decrease your interest rate. If you've got high-interest debt you want to get a lower interest rate on, have a look at Credible, which offers loan amounts as low as 4.99% to refinancing your credit card debt.

Are you looking for a low-risk method to produce passive income Then consider opening a high-yield savings account with an online bank such as CIT Bank that pays 19 times greater than traditional banks. CIT is currently are paying 1.55% that's unreal.

While 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 task of creating the publication is done, selling novels can be a fantastic way to produce some serious residual income.

Once your book is available on a site like Amazon, you could receive 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 earn.

Do you have an additional room that you rarely 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 at 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 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 spare bedrooms.

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In case you've got a site 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. my website 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 using Bluehost.

Affiliate marketing can be a terrific way to produce passive income. That is because when people click on the affiliate links on your website, you receive a commission at no additional cost to them. All they have to do is buy a service or product.

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

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Therefore, lets say you created a lead generation site that focuses on property. Youd utilize the site in order to educate individuals about home ownership. Or, youd educate them about property investing.

Within the website youd have links in which people 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 pay 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 site. Note that you would need to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your website at the top of search engine pages will be critical to success.

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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 has done really well with this he makes six figures per year selling his own products online.

You can earn even more money by signing up using a special rewards shopping site. You will find sites that will pay you each 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 site thats qualified for cash-back, youll receive a notification. I use a free site named 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 ideal things go on sale.

Again, your earning strategy goes out the window if you purchase things you dont need simply to earn rewards. Just go about your shopping as usual, and potentially earn a nice cash bonus in the process.

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