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One way to speed up your debt payoff would be to decrease your interest rate. If you've got high-interest debt you want to find 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 make passive income Then look at 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 1.55% that's 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 novels can be a fantastic method to create some severe residual income.

Once your book is available on a site like Amazon, you could receive a check every month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is essential. Evidently, the more time you spend marketing your publications, the more money youll make.

Do you have 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 somewhere 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 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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In case you've got a website 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 earn 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 cost for getting a website sponsor a company that stores your site on servers so 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. That is because when folks click on the affiliate links on your site, you are given a commission at no additional cost . All they need to do is purchase a service or product.

Another way to see produce passive income is to create a lead generation site. Lead generation websites exist to provide referrals to local businesses.

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

Within the website youd have links in which individuals 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 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.

You could also earn money by having advertisers on your site. Note that you may need next page 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 to achievement.

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Did you know you can sell your own products on Amazon and have them even Discover More Here send the products for you I actually have a friend who has done really 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 special rewards shopping site. You will find websites that will pay you every time you shop at certain online retailers.

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

Again, your earning plan goes out the window if you purchase things you dont need just 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 very popular.  Here's how it works: you create an online shop that provides goods from certain manufacturers.