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One way to boost your debt payoff is to decrease your interest rate. In case you have high-interest debt you want to find a lower interest rate on, check out Credible, which features loan amounts as low as 4.99% to refinancing your credit card debt.

Are you looking for a low-risk way to produce passive income Then consider opening a high-yield savings account with an online bank like CIT Bank that pays 19 times more than traditional banks. CIT is currently are paying 1.55percent that's unreal.

Although 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 publication is done, selling books can be a great way to produce 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 more time you spend marketing your books, the more money youll earn.

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 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 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 people are making over $50,000 per 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 web site, you can start one for less than $3/month. Thats the cost for getting a site host a company that stores your site on servers so that 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 to produce 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 product or service.

Another way to make passive income is to create a lead generation website. Lead generation websites exist to give warnings to local businesses.

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So, lets say you created a lead generation website that focuses on property. Youd utilize the site in order to educate people about home ownership. Or, youd instruct them about property investing.

Within the site youd have links in which individuals could contact you to learn more. When someone contacts you, you refer them to some real estate professional in their region.

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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 could also make money by having advertisers on your website. Note that you may need to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your website at the top of search engine pages will be vital for success.

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Did you know that you can sell your own products on Amazon and have them even ship the products for you I actually have a friend who has done really well with this as 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 website. 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 get a notification. I use a free website named Ebates, which will cover you $10 just for signing up.

With their dual money 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 check that about your shopping as normal, 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 products from certain manufacturers.