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One way to boost your debt payoff is 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 offers loan rates as low as 4.99% to refinancing your credit card debt.

Are you looking for a low-risk way to make passive income Then consider 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 1.55% that's unreal.

Although this wont make you filthy rich, it'll be a safer way to create consistent income and not lose your money since CIT FDIC insured.

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Once the initial task of creating the book 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 can get a check each month for doing 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 earn.

Have you got an additional room that 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 at a hotel, sometimes even for months at a time.

You can hire a maid service to clean and prep the room 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 per month renting out their 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 a month just like Michelle who teaches others how to make money online with her official source course Making Sense of Affiliate Marketing.

If you dont have a web site, 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 it can be seen on the Internet.   Click here to find special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a great 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 have to do is buy a service or product.

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

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

Within the website youd have links in which people could contact you to learn more. When someone contacts you, you refer them to a real estate professional in their region.

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The real estate professional would pay 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 site. Note that you would need to understand SEO (Search Engine Optimization) principles in order to make the website successful. Getting your site at the top of search engine pages would be critical to 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 makes six figures per year selling his own products online.

You can earn even more money by signing up with a distinctive rewards shopping website. You will find websites which will pay you every time you shop at certain online retailers.

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

With their dual cash back specials, then you can double your passive income earnings if the right 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 usual, and potentially earn a nice cash bonus in the procedure.

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