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One way to speed up your debt payoff is to lower your interest rate. In case you've got high-interest debt that you want to find 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 way to make passive income Then look at 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 1.55percent 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 book is done, selling novels can be a fantastic method to create some severe residual income.

Once your book can be found on a website like Amazon, you can receive a check every month for doing nothing. Note that spending some time developing an effective marketing plan is essential. Obviously, the longer you spend marketing your books, the more money youll earn.

Do you have 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 somewhere to stay instead of staying in a hotel, sometimes even for months at a time.

You can hire a maid service to clean and prep the room following a suspect 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 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 earn money online with her course Making Sense of Affiliate Marketing.

If you dont have a website, you can start one for less than $3/month. Thats the price for getting a website sponsor a company that stores your site on servers so that it can be viewed 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 folks click on the affiliate links on your website, you are given a commission at no additional cost . All they have to do is purchase a service or product.

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

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So, lets say you produced a lead generation website which focuses on real estate. Youd utilize the site to discover here 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 some real estate professional in their area.

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The actual estate professional would cover you to the lead. Its a hot lead and not a cold lead, so professionals would be more willing to pay.

You could 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 site successful. Getting your website near the top of search engine pages would be vital to achievement.

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Did you know that you can sell your own products on Amazon and have them even send the goods for you I really 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 with a distinctive rewards shopping site. You will find sites which will pay you each time you shop at certain online retailers.

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You just download the websites browser extension and every time youre on Website an e-commerce site thats qualified 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 double money back specials, then you can double your passive income earnings in the event the right things 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 normal, 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 create an online shop that offers products from certain manufacturers.