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One way to speed up your debt payoff would be to lower your interest rate. In case you have high-interest debt you want to find a lower interest rate on, check out Credible, which features loan amounts as low as 4.99% for refinancing your credit card debt.

Are you looking for a low-risk method to make 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 1.55percent that's 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 publication is done, selling novels can be a fantastic method to produce some serious residual income.

Once your book can be found on a website 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 longer you spend marketing your publications, the more money youll make.

Do you have an extra room that you seldom use Why not rent it out to someone looking for a short-term rental on Airbnb.  Millions of people use Airbnb to find somewhere to stay instead of staying at a resort, sometimes even for months at a time.

You can hire a maid service to clean and prep the space 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 spare bedrooms.

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If you have a site already then this 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 start one for less than $3/month. Thats the cost for getting a site host a company that stores your site on servers so it can be viewed on the Internet.   Click here to find special pricing of $2.95/month with Bluehost.

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

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Another way to produce passive income is check these guys out to create a lead generation website. Lead generation websites exist to provide warnings to local businesses.

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

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Within the site 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 actual 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 could also earn money by having advertisers on your site. Note that you would have to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your site at the top of search engine pages will be critical for 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 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 with Related Site a distinctive rewards shopping site. There are sites which will pay you every time you shop at certain online retailers.

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

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

Again, your earning plan goes out the window if you purchase things you dont need simply to earn rewards. Just go on your shopping as normal, and potentially earn a nice cash bonus in the procedure.

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With the explosion of eCommerce, drop shipping has become extremely common.  Here's how it works: you make an online shop that provides goods from certain manufacturers.

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