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One way to boost your debt payoff would be to decrease your interest rate. In case you've got high-interest debt you want to find a lower interest rate on, have a look at Credible, which offers loan rates as low as 4.99% for 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 like CIT Bank that pays 19 times greater 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 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 serious residual income.

Once your book can be found on a site like Amazon, you could get a check each month for doing absolutely 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 earn.

Have you got an extra 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 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 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 like Michelle who teaches others how to make money online with her course Making Sense of Affiliate Marketing.

In case click this you dont have a web site, you can start one for less than $3/month. Thats the price for getting a website sponsor a company that stores your site on servers so that it can be viewed on the Internet.   Click here to find 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 site, you are given a commission at no additional cost . All they have to do is buy a service or product.

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

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So, lets say you produced a lead generation site which focuses on real estate. Youd utilize the website to educate people about home ownership. Or, youd educate 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 area.

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The actual estate professional would cover you for the lead. Its a hot lead and not a cold lead, so professionals are more willing to pay.

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You could 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 website successful. Getting your website at the top of search engine pages would be vital for achievement.

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

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

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You just download the sites browser extension and every time youre on an e-commerce website thats eligible for cash-back, youll get a notification. I use a free site named Ebates, which will cover you $10 just for signing up.

With their double cash back specials, then you can double your passive income earnings in the event the ideal items go on the market.

Again, your earning strategy goes out the window if you buy things you dont need simply to earn rewards. Just go 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 very popular.  Here's how it works: you create an online store that offers goods from certain manufacturers.

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