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

Are you looking for a low-risk way to make 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 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 task of creating the book is done, selling books can be a great method to create some serious residual income.

Once your book can be found on a website like Amazon, you could receive a check each month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is vital. Obviously, the longer you spend marketing your publications, the more money youll earn.

Have you got an extra room that you rarely use Why not rent it out to someone looking for a temporary 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 after 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 per month renting out their bedrooms.

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In case you have a site already then this really is a no-brainer.  Some folks are making over $50,000 a month 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 begin one for less than $3/month. Thats the price for getting a site sponsor 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 with 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 . All they have to do is purchase a product or service.

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

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So, lets say you created check out here a lead generation website 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 individuals 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 actual estate professional would pay you to the lead. Its a hot lead and not a cold lead, 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 index Optimization) principles in order to make the website successful. Getting your website at the top of search engine pages would be critical for achievement.

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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 actually 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 more money by signing up using a distinctive rewards shopping site. You will find websites which will pay you every time you shop at certain online retailers.

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

With their double cash back specials, you can double your passive income earnings in the event 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 usual, and potentially earn a nice cash bonus in the process.

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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 offers goods from certain manufacturers.