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One way to speed up your debt payoff would be to decrease your interest rate. In case you have high-interest debt you want to find a lower interest rate on, check out Credible, which offers loan rates 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 more than traditional banks. CIT is currently are paying 1.55% which is unreal.

While this wont make you filthy rich, it will 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 book is done, selling books can be a great way to produce some severe 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. Obviously, the longer you spend marketing your publications, 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 somewhere 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 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 is a no-brainer.  Some people are making over $50,000 a month just like Michelle who teaches others how to earn money online with her class Making Sense of Affiliate Marketing.

In case you dont have a web site, you can begin one for less than $3/month. Thats the cost for getting a site sponsor a company that stores your website on servers so 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 site, you go to my blog receive a commission at no additional cost . All they need to do is buy a service or product.

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Another way to make passive income is to create 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 which focuses on real estate. Youd use the website in order to educate individuals about home ownership. Or, youd educate them about property investing.

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Within the website youd have links where 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 real estate professional would pay you for the lead. Its a hot lead and not a cold encounter, so professionals are more willing to pay.

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You might great post to read 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 site successful. Getting your site near the top of search engine pages would be vital for achievement.

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Did you know that you can sell your own products on Amazon and have them even send the products for you I actually have a friend who's done really well with this as 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 websites that will pay you each time you shop at certain online retailers.

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You just download the sites browser extension and each time youre on an e-commerce website thats qualified 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 money back specials, then you can double your passive income earnings if the right items go on sale.

Again, your earning strategy goes out the window if you buy 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 here works: you make an online shop that provides products from certain manufacturers.

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