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

Rental properties can supply that constant income (people always need somewhere to live) which is not directly tied to the market and one cannot outlive. "In actuality, according to Airbnb, women hosts are using their Airbnb income to help manage their homes more so than men, particularly 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 platform. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, do you use cash, your debit card, or even a charge card Instead, why not use a cash-back charge card and earn money while you shop It sounds contradictory, but Goudreau elaborates.

"The crucial thing is to keep your spending charges the exact same and pay your balance off in full at the end of every month. Additionally, it is important to cover your invoice on time. That way, you are not paying interest or getting struck with any late fees, 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 perhaps making candles is more your thing. Whatever the case might be, why not take your talent to Etsy or an online site, especially if you currently have a bunch of your merchandise already made"Create your own merchandise 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 skills more. What are you great at Just How can you monetize that talent and perhaps even build a business out of it Have you experienced something extraordinary in life, and due to this, have tons of knowledge and wisdom to my response share...

Essentially, you bust your ass once and get paid for the rest of your life even when you're sitting on the beach, sipping coconut rum. Keep in mind that: When you invest in your own creative abilities, 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 if you write an this website eBook on dating or advice on the best way to fix your auto, once you write, self-publish the book, and let it go, it can sit on a site like Amazon and sell itself. Obviously, you can promote it, also, but that's another story! Some sites allow you to keep the majority of the earnings, while others do not.

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That is a big percentage. Writing a novel is not easy, but once you invest in the time it takes, you can reap the monetary benefits.5Use a High-Interest Savings AccountAshley Batz/BustleWhile some people today tend to use a savings account at the same bank where they have their checking account, make sure it's a high-interest one, not simply a convenient one.

"While many traditional banks offer as few as 0.1percent interest on savings, online banks tend to provide higher interest rates. By switching to an account which offers 1% interest or longer, you'd be making 10 times as much just by moving the their website money" 6Use A High-Yield Checking Accountmichael spring/FotoliaAlong exactly the very 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 is 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 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 current market, you pay less in fees and require less of a risk.

Oftentimes, that person gets paid a commission when you do. In case you have a blog, the exact same can happen for you. It's a win-win-win for everyone involved you, the product you're recommending, and the person who clicks on the link to get 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, aside from affiliate marketing.

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