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One way to speed up your debt payoff would be to decrease your interest rate. In case you've got high-interest debt that you want to find a lower interest rate on, have a look at Credible, which features loan amounts as low as 4.99% for refinancing your credit card debt.

Are you looking for a low-risk method to produce passive income Then consider 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% which is 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 way to create some severe residual income.

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

Have you got an additional room which you rarely use Why not rent it out to someone looking for a short-term rental on Airbnb.  Millions of people 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 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 spare 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 per month just 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 price for getting a website host 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 terrific way to make passive income. That 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.

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

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

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Within the website 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 region.

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The actual estate professional would cover you for the lead. Its a warm 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) principles in order to make the site successful. Getting your website at the advice 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 really have a friend who's 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 website. You will find websites that will pay you every time you shop at certain online retailers.

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

With their dual money back specials, you can double your passive income earnings if the ideal items 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 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 common.  Here's how it works: you create an online shop that provides products from certain manufacturers.

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