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

Are you looking for a low-risk method 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.

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

Once your book is available 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 more time you spend marketing your publications, the more money youll earn.

Have you got an additional room which you seldom use Why not rent it out to someone looking for a temporary rental on Airbnb.  Millions of people use Airbnb to find a place to stay instead of staying in a hotel, sometimes even for months at a time.

You can hire a maid service to clean and prep the room 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 spare bedrooms.

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In case you've got 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 earn 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 cost for getting a website host 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 with Bluehost.

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

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Another way to make 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 website which focuses on real estate. Youd utilize the site to educate individuals about home ownership. Or, youd educate them about property investing.

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Within the site youd have links where people 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 real estate professional would cover you to the lead. Its a hot lead and not a cold encounter, so professionals are more willing to pay.

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

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Did you know you can sell your own products on Amazon and have them even send the products for you I actually have a friend who's done very well with this as 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 site. There are websites which will pay you each time you shop at certain online retailers.

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You just this page 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 called Ebates, which will cover you $10 just for signing up.

Using their double cash back specials, you can double your passive income earnings if the right things go on sale.

Again, your earning plan goes out the window if you purchase things you dont need just 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 extremely popular.  Here's how it works: you create an online store that provides products from certain manufacturers.

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