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One approach to speed up your debt payoff is to decrease your interest rate. If you've got high-interest debt you want to find a lower interest rate on, have a look at Credible, which features loan rates as low as 4.99% for 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 more than traditional banks. CIT is currently are paying 1.55percent that's 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 work of creating the book is done, selling novels can be a fantastic way to produce some severe residual income.

Once your book can be found on a website like Amazon, you could get a check every 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 make.

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

If 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 viewed on the Internet.   Click here to get special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a great way to make passive income. That is because when people click on the affiliate links on your website, you receive a commission at no additional cost to them. All they need to do is buy a product or service.

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

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So, lets say you created a lead generation site that focuses on real estate. Youd utilize the site to educate people about home ownership. Or, youd educate them about real estate investing.

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Within the website youd have links in which individuals 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 real estate professional would cover you for the lead. view it Its a hot lead and not a cold lead, so professionals are more willing to pay.

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You might also make money by having advertisers on your site. Note that you would have to understand SEO (Search Engine Optimization) rules in order to make the Your Domain Name website successful. Getting your site near the top of search engine pages will be vital for achievement.

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Did you know you can sell your own products on Amazon and have them even send the goods for you I actually have a friend who has done very well with this he makes six figures per year selling his own products online.

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

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You just download the websites 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 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 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 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 click here for more it works: you make an online store that offers products from certain manufacturers.

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