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One way to speed up your debt payoff would be to lower your interest rate. If you have high-interest debt you want to get a lower interest rate on, check out Credible, which offers loan amounts 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.

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 work of creating the book is done, selling books can be a fantastic method to produce some serious residual income.

Once your book is available on a site like Amazon, you could get a check each month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is vital. Evidently, the more time you spend marketing your books, the more money youll make.

Have you got an additional room which you seldom 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 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 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 have 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 web site, you can begin one for less than $3/month. Thats the price for getting a website host a company that stores your website on servers so 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. This is because when people click on the affiliate links on your site, you are given a commission at no additional cost . All they need to do is purchase a service or product.

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

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So, lets say you produced a lead generation website that focuses on property. Youd utilize the website to educate people about home ownership. Or, youd instruct them Look At This 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 a real estate professional in their area.

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

You might also earn money by having advertisers on your website. Note that you may need to understand SEO (Search Engine Optimization) principles in order to make the website successful. Getting your site near the top of search engine pages would be vital 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 very well with this he earns six figures per year selling his own products online.

You can earn even more money by signing up using a distinctive rewards shopping site. There are sites which will pay you each time you shop at certain online retailers.

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You simply download the sites browser extension and every time youre on an e-commerce website thats eligible for cash-back, youll receive a notification. I use a free website named Ebates, which will cover you $10 just for signing up.

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

Again, your earning strategy goes navigate to this website out the window if you buy things you dont need 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 extremely popular.  Here's how it works: you create an online shop that provides products from certain manufacturers.