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One approach to boost your debt payoff would be to decrease your interest rate. If you've got high-interest debt that you want to get 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 method to produce passive income Then look at 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.

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 task of creating the publication is done, selling books can be a fantastic way to create some severe residual income.

Once your book is available on a website like Amazon, you could get 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 books, the more money youll earn.

Have you got an extra room that you seldom use Why not rent it out to someone looking for a temporary rental on Airbnb.  Millions of individuals 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 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 per month renting out their spare bedrooms.

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In case you've got a website already then this really is a no-brainer.  Some folks are making over $50,000 per month just like Michelle who teaches others how to earn money online with her course Making Sense of Affiliate Marketing.

If you dont have a website, you can begin one for less than $3/month. Thats the cost for getting a website host 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 with Bluehost.

Affiliate marketing can be a great way to produce passive income. That is because when people click on the affiliate links on your site, you are given a commission blog here at no additional cost to them. All they need to do is purchase a service or product.

Another way to produce passive income is to make a lead generation website. Lead generation websites exist to provide referrals 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 to educate people about home ownership. Or, youd instruct them about real estate investing.

Within the website youd have links in which individuals could contact you to learn more. When someone contacts you, you refer them to a real estate professional in their region.

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

You could also make money by having advertisers on your website. Note that you would need to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting your website near the top of search engine pages will be critical to success.

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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 really have a friend who's done really well with this he earns six figures per year selling his own products online.

You can earn even more money by signing up with a special rewards shopping site. You will find websites which will pay you every time website link 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 qualified 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 double money back specials, you can double your passive income earnings in the event the right items go on the market.

Again, your earning strategy goes out the window try here 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 store that offers products from certain manufacturers.