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One approach to speed up your debt payoff is to lower your interest rate. If you've got high-interest debt you want to find a lower interest rate on, check out Credible, which features loan rates as low as 4.99% to refinancing your credit card debt.

Are you looking for a low-risk method to produce 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.

Although 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 publication is done, selling novels can be a great method to produce some severe residual income.

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

Have you got an extra room that you seldom 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 room 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 a month renting out their bedrooms.

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In case you have a website already then this is a no-brainer.  Some folks are making over $50,000 a month just like Michelle who teaches others how to earn 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 cost for getting a site sponsor a company that stores your site on servers so it can be viewed on the Internet.   Click here to find special pricing of $2.95/month with Bluehost.

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

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

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

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

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The real estate professional would cover you for the lead. Its a warm lead and not web a cold encounter, so professionals would be more willing to pay.

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

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

You can earn even more money by signing up with a distinctive rewards shopping site. You will find websites that 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 website 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.

Using their dual cash back specials, then you can double your passive income earnings if the right items go on the market.

Again, your earning plan goes out the window if you buy things you dont need simply to earn rewards. Just go about 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 common.  Here's how Homepage it works: you make an online shop that offers products from certain manufacturers.