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One way to boost your debt payoff would be to lower your interest rate. If you have high-interest debt that you want to get a lower interest rate on, check out 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 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 1.55% that's 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 task of creating the book is done, selling novels can be a fantastic way to produce some severe residual income.

Once your book is available on a site like Amazon, you can receive a check every month for doing absolutely 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.

Do you have an extra room which you rarely 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 resort, sometimes even for months at a time.

You can hire a maid service to clean and prep the space after a suspect leaves. This may 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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If 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 earn money online with her class Making Sense of Affiliate Marketing.

If you dont have a website, you can begin one for less than $3/month. Thats the cost for getting a site host a company that stores your website on servers so that it can be seen on the Internet.   Click here to get special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a terrific way to make passive income. This is because when folks click on the affiliate links on your site, you receive a commission at no additional cost to them. All they have to do is buy a service or product.

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

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

Within the website 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 cover you to the lead. Its a hot lead and not a cold encounter, so professionals would be more willing to pay.

You could also earn money by having advertisers on your website. Note that you would need to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your site near the top of search engine pages would be critical for success.

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Did you know you can sell your own products on Amazon and have them even ship the goods for you I really have a friend additional reading who's done very well with this he earns six figures per year selling his own products online.

You can earn even more money by signing up using a special rewards shopping site. You will find sites which will pay you every 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 website thats eligible for cash-back, youll receive a notification. I use a free site named Ebates, which will cover you $10 just for signing up.

With their double money back specials, you can double your passive income earnings if the right things go on the market.

Again, your earning plan goes out the window use this link if you purchase things you dont need just to earn rewards. Just go on 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 it works: you make an online store that offers goods from certain manufacturers.