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One way 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 offers loan rates as low as 4.99% for refinancing your credit card debt.

Are you looking for a low-risk method to make 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 1.55% which is unreal.

Although 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 work of creating the publication is done, selling books can be a fantastic method to create some serious 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. Evidently, the longer you spend marketing your books, the more money youll earn.

Do you have an additional room which you rarely use Why not rent it out to someone looking for a short-term rental on Airbnb.  Millions of individuals 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 space 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 a month renting out their bedrooms.

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If you have a site already then this is a no-brainer.  Some folks are making over $50,000 a month just like Michelle who teaches others how to earn money online with her course Making Sense of Affiliate page 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 link a company that stores your site on servers so it can be seen 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 website, you are given a commission at no additional cost . All they need to do is purchase a service or product.

Another way to make passive income is to create a lead generation website. Lead generation sites exist to provide warnings to local businesses.

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

Within the site 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 cover you for the lead. Its a warm lead and not a cold encounter, so professionals are more willing to pay.

You might also earn money by having advertisers on your website. Note that you may have to understand SEO (Search Engine Optimization) principles in order to make the website successful. Getting your site at the top of search engine pages will be vital for 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 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 special rewards shopping website. You will find websites that 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 site thats read review eligible for cash-back, youll get a notification. I use a free website called Ebates, which will pay you $10 just for signing up.

With their dual cash back specials, then you can double your passive income earnings in the event the ideal items go on sale.

Again, your earning strategy goes out the window if you purchase things you dont need simply to earn rewards. Just go on 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 extremely common.  Here's how it works: you make an online shop that provides goods from certain manufacturers.