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One way to speed up your debt payoff is to lower your interest rate. If you have high-interest debt that you want to find a lower interest rate on, check out Credible, which offers 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 look at 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 1.55percent which is unreal.

While 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 task of creating the book is done, selling novels can be a fantastic method to produce some severe residual income.

Once your book can be found 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 essential. Obviously, the longer you spend marketing your publications, the more money youll make.

Have you got an additional room which 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 somewhere to stay instead of staying at a resort, sometimes even for months at a time.

You can hire a maid service to clean and prep the space 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 have a site already then this is a no-brainer.  Some people are making over $50,000 per month just like Michelle who teaches others how to make 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 price 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 great way to make passive income. That is because when folks click on the affiliate links on your site, you are given a commission at no additional cost to them. All they have to do is purchase a product or service.

Another way to make passive income browse around these guys is to make a lead generation website. Lead generation sites exist to give warnings to local businesses.

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So, lets say you produced a lead generation website that focuses on property. Youd use the website to educate individuals about home ownership. Or, youd educate them about property investing.

Within the site youd have links where people could contact you to learn more. When someone contacts you, you refer them to a real estate professional in their area.

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The real estate professional would pay you for the lead. Its a warm 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 may need to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting your site near the top of search engine pages would be vital for 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 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 websites which 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 get a notification. I use a free website named Ebates, which will cover you $10 Web Site just for signing up.

With their dual cash back specials, then you can double your passive income earnings in the event the right things go on sale.

Again, your earning plan goes out the window if you buy things you dont need just to earn rewards. Just go about 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 extremely popular.  Here's how it works: you create an online store that offers products from certain manufacturers.