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One approach to speed up your debt payoff would be to lower your interest rate. If you have high-interest debt you want to find a lower interest rate on, have a look at Credible, which offers loan amounts as low as 4.99% for 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 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 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 great method to create some severe residual income.

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

Do you have an extra room which you rarely use Why not rent it out to someone looking for a temporary rental on Airbnb.  Millions of individuals 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 space following 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've got a site already then this is a no-brainer.  Some folks are making over $50,000 per month just like Michelle who teaches others how to earn money online with her class Making Sense of Affiliate Marketing.

In case you dont have a web site, you can start one for less than $3/month. Thats the price for getting a site sponsor a company that stores your site on servers so that 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 produce passive income. This is because when folks click on the affiliate links on your website, 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 produce passive income is to create a lead generation site. Lead generation sites exist to give referrals to local businesses.

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So, lets say you created a lead generation site that focuses on property. Youd use the site in order to educate people 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 region.

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

You might also make 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 for success.

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Did you know that you can sell your own products on Amazon and have them even send the products for you I really have a friend who's done very well with this as he earns six figures per year selling his own products online.

You can earn even Web Site more money by signing up with a distinctive rewards shopping website. There are websites which will pay you every time you shop at certain online retailers.

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You just 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 site named Ebates, which will cover you $10 just for signing up.

Using their dual cash back specials, then you can double your passive income earnings in the event the right items 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 usual, 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 shop that straight from the source offers goods from certain manufacturers.