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One way to speed up your debt payoff would be to lower your interest rate. If you've got high-interest debt you want to get a lower interest rate on, have a look at Credible, which features loan rates as low as 4.99% to refinancing your credit card debt.

Are you looking for a low-risk way to produce passive income Then look at opening a high-yield savings account with an online bank such as CIT Bank that pays 19 times greater than traditional banks. CIT is currently are paying 1.55percent which is unreal.

While this wont make you filthy rich, it'll be a safer way to create consistent income and not lose your money since CIT FDIC insured.

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Once the initial task of creating the publication is done, selling novels can be a fantastic way to produce some severe residual income.

Once your book is available on a site like Amazon, you can get a check each month for doing nothing. Note that spending some time developing an effective marketing plan is vital. Obviously, the longer you spend marketing your books, the more money youll earn.

Do you have an extra room that you seldom use Why not rent it out to someone looking for a short-term rental on Airbnb.  Millions of people use Airbnb to find a place 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 guess 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 spare bedrooms.

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If you have a website already then this 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.

If you dont have a website, you can begin 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 find special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a terrific way to produce passive income. This is because when people click on the affiliate links on your site, you are given a commission at no additional cost pop over to this site to them. All they have to do is purchase a product or service.

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

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So, lets say you produced a lead generation site that focuses on real estate. Youd utilize the website to educate people 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 warm lead and not a cold encounter, so professionals would be more willing to pay.

You might also make money by having advertisers on your site. Note that you may 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 would be vital to 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 really 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 using a distinctive rewards shopping site. You will find websites that will pay you each 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 site thats qualified for cash-back, youll receive a notification. I use a free website called Ebates, which will cover you $10 just for signing up.

Using their dual cash back specials, you can double your passive income earnings if the ideal 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 about 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 make an online shop that offers products from certain manufacturers.