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

Are you looking for a low-risk way to make 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 work of creating the publication is done, selling books can be a great way to produce some severe residual income.

Once your book is available on a website like Amazon, you can get a check every month for doing nothing. Note that spending some time developing an effective marketing plan is vital. Evidently, the longer you spend marketing your books, the more money youll earn.

Do you have an extra room which you rarely use Why not rent it out to someone looking for a short-term rental on Airbnb.  Millions of individuals use Airbnb to find a place to stay instead of staying at a hotel, sometimes even for months at a time.

You can hire a maid service to clean and prep the space following a guess 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 a month just like Michelle who teaches others how to make money online with her course Making Sense of Affiliate Marketing.

In case you dont have a website, you can start one for less than $3/month. Thats the price for getting a website host a company that stores your website on servers so that it can be seen on the Internet.   Click here to get special pricing of $2.95/month go 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 website, you receive a commission at no additional cost . All they need to do is purchase a service or product.

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

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So, lets say you produced a lead generation site that focuses on real estate. Youd utilize the website 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 some real estate professional in their region.

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The real 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 more info here might also earn money by having advertisers on your site. Note that you would need to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting your site 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 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. There are sites which will pay you every 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 qualified for cash-back, youll receive a notification. I use a free website called Ebates, which will pay you $10 just for signing up.

With their double money back specials, then you can double your passive income earnings in the event the right items go on sale.

Again, your earning strategy goes out the window if you buy things you dont need just to earn rewards. Just go on 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 store that provides products from certain manufacturers.