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One approach to boost your debt payoff is to lower your interest rate. If you have high-interest debt you want to get a lower interest rate on, check out Credible, which features loan rates as low as 4.99% for refinancing your credit card debt.

Are you looking for a low-risk way 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 1.55percent which is unreal.

Although 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 publication is done, selling books can be a great method to produce some severe residual income.

Once your book can be found 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 essential. Obviously, the more time you spend marketing your publications, the more money youll make.

Do you have an extra room which you rarely 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 at a hotel, sometimes even for months at a time.

You can hire a maid service to clean and prep the room after a suspect 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 spare bedrooms.

 

 

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In case you have a site 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 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 that 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 make passive income. This is because when people click on the affiliate links on your site, you receive a commission at no additional cost . All they have to do is buy a product or service.

 

 

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Another way to make passive income is to make a lead generation website. Lead generation websites exist to give warnings to local businesses.

 

 

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

 

 

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Within the website youd have links in which 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 cover you to the lead. Its a hot lead and not a cold lead, so professionals are more willing to pay.

 

 

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

 

 

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Did you know you can sell your own products on Amazon and have them even send the goods for you I actually have a friend who has done very well with this as he earns six figures per year selling his own products online.

You can earn even more money by signing up with 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 simply download the websites browser extension and each time youre on an e-commerce website thats qualified for cash-back, youll receive a notification. I use a free site called Ebates, which will cover you $10 just for signing up.

Using their dual money back specials, you can double your passive income check these guys out earnings if the right things go on sale.

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 create an online shop that offers goods from certain manufacturers.

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