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One approach to boost your debt payoff would be to decrease your interest rate. In case you've got high-interest debt that you want to find a lower interest rate on, have a look at 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 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 1.55percent which is unreal.

Although this wont make you filthy rich, it will be a safer way to create 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 books can be a fantastic method to produce some serious residual income.

Once your book is available 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 essential. Obviously, the more time you spend marketing your books, the more money youll make.

Do you have an extra room that you rarely use Why not rent it out to someone looking for a short-term 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 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 spare bedrooms.

 

 

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In case you have a site already then this is a no-brainer.  Some people are making over $50,000 a month 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 price for getting a website host a company that stores your website on servers so it can be viewed on the Internet.   Click here to find special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a terrific way to produce passive income. That is because use this link when people 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 product or service.

 

 

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

 

 

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

 

 

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Within the website youd have links where 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 warm lead and not a cold lead, so professionals would be more willing to pay.

 

 

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You could also earn money this page by having advertisers on your site. Note that you may need to understand SEO (Search Engine Optimization) rules in order to make the site successful. Getting your website at the top of search engine pages would be vital for achievement.

 

 

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Did you know you can sell your own products on Amazon and have them even ship the products for you I actually have a friend who's done really well with this as 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 sites which will pay you each time you shop at certain online retailers.

 

 

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You just download the sites browser extension and every time youre on an e-commerce website thats qualified for cash-back, youll get a notification. I use a free website named 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 ideal like it items go on sale.

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

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