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However, another path to go is to obtain an income property just for the purpose of renting it out. That can be even better if you reside in a touristy area, since you can probably make even greater than usual during the high tourist seasons. "Rental properties provide a source of passive income and the chance of overall appreciation of the house with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, tells Bustle.

Rental properties can provide that constant income (people always need somewhere to live) that is not directly tied into the market and one cannot outlive. "In actuality, according to Airbnb, women hosts are using their Airbnb income to help manage their homes more than men, especially single mothers who host (62 percent internationally ).

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And, since Airbnb launched in 2008, women Airbnb hosts have earned over $10 billion throughout the stage. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, do you use money, your debit card, or a charge card Instead, why not use a cash-back credit card and make money while you shop It sounds contradictory, but Goudreau elaborates.

"The key is to keep your spending charges the exact same and pay your balance off in full at the end of each month. Additionally, it is important to pay your invoice on time. This way, you are not paying interest or getting hit with any late fees, and any money you back earn is pure profit.

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Maybe you're that person who produces handmade greeting cards for friends and family. Or maybe making candles is more your thing. In any case may be, why not simply take your talent to Etsy or an online site, particularly if you already have a bunch of your product already made"Create your own merchandise and services," financial blogger and lifestyle coach Michael Tamez tells Bustle.

However, your individuality can never be replaced! I encourage you to explore your creative talents and skills more. What are you good at Just How can you monetize that talent and possibly even build a business out of it Perhaps you have experienced something extraordinary in your life, and because of it, have tons of knowledge and knowledge to share...

Essentially, you bust your butt once and get compensated for the remainder of your life even when you're sitting on the beach, sipping coconut rum. Just remember this: When you invest in your own creative skills, you become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you're thinking maybe you are not a writer.

Additionally, chances are that other people want to know what you know. So whether you write an eBook on dating or tips on the best way best to restore your auto, once you write, self-publish the publication, and let it go, it can sit on a site like Amazon and sell itself. Of course, you can market it, too, but that's another story! Some sites let you keep the majority of the earnings, but some do not.

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That is a major percentage. Writing a book is not easy, but once you invest in the time that it takes, you can benefit from the monetary benefits.5Use a High-Interest Savings AccountAshley Batz/BustleWhile a few people today tend to use a savings account in the exact same bank where they have their checking account, make sure it's a high-interest one, not just a convenient one.

"While many traditional banks click here now provide as little as 0.1percent interest on savings, online banks tend to offer higher interest rates. By switching into an account that offers 1% interest or longer, you would be making 10 times as much by simply moving the money" 6Use A High-Yield Checking Accountmichael spring/FotoliaAlong exactly the very same lines of using a high-interest savings account, another easy way to create and have more money is by using a high-yield checking account.

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"One caveat: If it is important to you to have a convenient, nearby branch or effortless access to ATMs, your options will be restricted by where you live. "7Invest In Low-Cost Index Funds You probably already know that investing can result in earned money down the line. However, this really is a friendly reminder of investing even if you don't know anything about investing! Especially in low-cost index funds.

"As legendary investor Warren Buffett recently told CNBCs On the Money,'Consistently purchase an S&P 500 low-cost index fund. I think it's the thing that makes the most sense practically of all time.' By not picking individual stocks and, instead, buying a low-cost fund which tracks the current market, you pay less in fees and require less of a danger.

Oftentimes, that person gets paid a commission when you do. In case you've got a site, the exact same can happen for you. It is a win-win-win for everyone involved you, the product that you're recommending, and the person who clicks on the link to acquire the item. Pat Flynn talks about this at length on his site, Smart Passive Income, where you can learn a whole lot more on the topic, aside from affiliate marketing.

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