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One way to speed up your debt payoff is to decrease your interest rate. In case you have high-interest debt that you want to find a lower interest rate on, have a look at Credible, which features loan amounts as low as 4.99% to refinancing your credit card debt.

Are you looking for a low-risk method to make passive income Then consider 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 book is done, selling novels can be a great way to produce some severe residual income.

Once your book can be found on a site like Amazon, you could receive a check each month for doing nothing. Note that spending some time developing an effective marketing plan is vital. Evidently, the more time you spend marketing your publications, 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 temporary rental on Airbnb.  Millions of people 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 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 spare bedrooms.

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In case you have a website already then this really is a no-brainer.  Some folks are making over $50,000 per month like Michelle who teaches others how to earn money online with her course Making Sense of Affiliate Marketing.

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

Affiliate marketing can be a great way to produce passive income. This is because when folks click on the affiliate links on your website, you receive a commission at no additional cost to them. All they have to do is purchase a service or product.

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

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

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

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

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Did you know that you can sell your own products on Amazon and have them even ship the goods 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 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 Clicking Here sites 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 pay you $10 just for signing up.

With their double money back specials, then you can double your passive income earnings in the event the ideal things go on the market.

Again, your earning strategy goes out the window if you buy 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 very common.  Here's how it works: you create an online store that offers goods from certain manufacturers.