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One way to boost your debt payoff would be to decrease 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 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 consider 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 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 fantastic method to create some serious residual income.

Once your book is available on a site like Amazon, you could receive 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 publications, the more money youll earn.

Do you have an extra room that you rarely use Why not rent it out to someone looking for a short-term rental on Airbnb.  Millions of people use Airbnb to find a place 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 room after a guess 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 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 course 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 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 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 purchase a product or service.

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

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

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

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The real estate professional would pay you to the lead. Its a hot lead and not a cold lead, so professionals would be more willing to pay.

You might also earn money by having advertisers on your site. Note that you would have to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting your site at the top of search engine pages see here now would be critical to achievement.

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Did you know that you can sell your own products on Amazon and have them even ship the products for you I actually have a friend who's 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 special rewards shopping website. You will find 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 site thats eligible for cash-back, youll get a notification. I use a free site called Ebates, which will pay 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 about his simply to earn rewards. Just go on your shopping as normal, and potentially earn a nice cash bonus in the process.

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