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However, another route to go is to get an income property only with the intention of renting it out. This is even better if you reside in a touristy place, because you can probably make even more than normal during the high tourist seasons. "Rental properties offer a source of passive income and the possibility of overall appreciation of this house with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, tells Bustle.

Rental properties can provide that constant income (people always need a place to live) which is not directly tied into the marketplace and one cannot outlive. "In fact, according to Airbnb, women hosts are using their Airbnb income to assist manage their homes more so than men, especially single mothers who host (62 percent globally).

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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, would you use money, your debit card, or a charge card Instead, why not use a credit card credit card and earn money while you store It sounds contradictory, but Goudreau elaborates.

"The crucial thing is to keep your spending charges the exact same and also pay your balance off in full at the end of every month. It's also important to pay your invoice on time. That way, you're not paying interest or getting hit with any late penalties, and any cash back you earn is pure profit.

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Perhaps you're that person who produces handmade greeting cards for friends and loved ones. Or maybe making candles is more your thing. Whatever the case may be, why not take your talent to Etsy or an online site, particularly if you currently have a bunch of your merchandise already made"Create your own products and services," financial blogger and life coach Michael Tamez tells Bustle.

However, your individuality can never be replaced! I encourage you to explore your creative talents and abilities more. What are you good at Just How can you monetize that talent and perhaps even build a business from her explanation it Have you experienced something extraordinary in your life, and due to it, have tons of knowledge and knowledge to share...

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

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

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That's a big percentage. Writing see here now a novel is not easy, but once you invest in the time it requires, 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 precisely the 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 offer as little as 0.1percent interest on savings, online banks tend to provide higher interest prices. By switching into an account which offers 1% interest or longer, you would be making 10 times as much just by moving the money." 6Use A High-Yield Checking Accountmichael spring/FotoliaAlong the same lines of using a high-interest savings account, another simple way to create and have more money is by using a high-yield checking account.

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"One caveat: When it's important to you to have a convenient, nearby branch or easy access to ATMs, your options will be restricted by your geographical area. "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 about investing even in the event that you don't know anything about investing! Especially in cheap 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 that 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 market, you pay less in fees and take less of a risk.

Oftentimes, that person gets paid a commission when you do. If you have 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 product. Pat Flynn talks about this at length on his website, Smart Passive Income, where you can learn a whole lot more on the subject, apart from affiliate marketing.

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