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One way to boost your debt payoff is to decrease 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% 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 like CIT Bank that pays 19 times more 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 books can be a great way to create 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 essential. Obviously, the more time you spend marketing your books, the more money youll make.

Have you got an additional room that 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 resort, 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 a month renting out their spare bedrooms.

 

 

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

In case you dont have a website, you can begin one for less than $3/month. Thats the price for getting a site sponsor a company that stores your website on servers so that it can be seen on the Internet.   Click here to get special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a terrific way to make passive income. This is because when folks click on the affiliate links on your site, you receive a commission at no additional cost . All they need 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 sites exist to provide warnings to local businesses.

 

 

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So, lets say you created a lead generation site that focuses on property. Youd use 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 in which people 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 cover you for the lead. Its a warm lead and not a cold lead, so professionals are more willing to pay.

 

 

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You could also make 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 website at 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 send the products for you I really have a friend who's 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 special rewards shopping site. You will find sites that will pay you each time you shop at certain online retailers.

 

 

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You just download the sites browser extension and every time youre on an e-commerce website thats eligible for cash-back, youll get a notification. I use a free website named 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 ideal things go on sale.

Again, your earning plan goes out the window if you buy things you dont need simply to earn rewards. Just go about 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 find out here now has become extremely popular.  Here's how it works: you make an online store that offers products from certain manufacturers.

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