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One way to speed up your debt payoff is to decrease your interest rate. If you've got high-interest debt that you want to get 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 greater than traditional banks. CIT is currently are paying 1.55% that's unreal.

While 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 books can be a fantastic way to create some severe residual income.

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

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 somewhere to stay instead of staying in a resort, sometimes even for months at a time.

You can hire a maid service to clean and prep the space after a suspect leaves. This may 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 bedrooms.

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In case you've got a website already then this is a no-brainer.  Some people 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.

In case you dont have a website, you can start one for less than $3/month. Thats the cost for getting a website host 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 with Bluehost.

Affiliate marketing can be a great way about his to make passive income. This is because when people click on the affiliate links on your site, you receive a commission at no additional cost to them. All they need to do is purchase a service or product.

Another way to make 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 use the website to educate individuals about home ownership. Or, youd instruct them about real estate investing.

Within the site 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 for 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. his response Note that you would need to understand SEO (Search Engine Optimization) principles in order to make the website successful. Getting your website at the top of search engine pages will be critical for achievement.

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Did you know that look at here now you can sell your own products on Amazon and have them even ship the goods for you I really have a friend who has done very well with this as 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 website. You will find sites that will pay you each time you shop at certain online retailers.

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

Using their double money back specials, then 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 simply to earn rewards. Just go on your shopping as normal, and potentially earn a nice cash bonus in the procedure.

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