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However, another path to go is to get an income property only for the purpose of renting it out. That is even better if you live in a touristy place, since you can probably make even greater than normal during the high tourist seasons. "Rental properties offer a source of passive income and the chance of total appreciation of the house with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, tells Bustle.

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

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

"The key is to keep your spending rates the exact same and also pay your balance off in full at the end of every month. It's also important to pay your bill on time. That way, you're not paying interest or getting struck with any late fees, and any money back you earn is pure gain.

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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. In any case might be, why not simply take your talent to Etsy or an online website, particularly if you currently have a bunch of your product already made"Create your own products and services," financial blogger and life coach Michael Tamez tells Bustle.

Nonetheless, 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 possibly even build a business out of it Perhaps you have experienced something extraordinary in life, and due to this, have tons of knowledge and knowledge to share...

Essentially, you bust your ass 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 creative skills, you eventually become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you're thinking maybe you are not a writer.

Additionally, chances are that other men and women want to know what you know. So whether you write an eBook on dating or tips on how best to fix your car, once you write, self-publish the publication, and let it go, it can sit on a website like Amazon and sell itself. Obviously, you can promote it, too, but that is another story! Some sites let you keep most of the earnings, but others do not.

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That's a major percentage. Writing a book is not easy, but once you invest in the time it takes, you can reap the monetary benefits.5Utilize a High-Interest Savings AccountAshley Batz/BustleWhile a few people 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 just a convenient one.

"While many traditional banks offer as few as 0.1% interest on savings, online banks tend to provide higher interest prices. By switching into an account which offers 1% interest click here to find out more or longer, you would be making 10 times as much by simply moving the money" 6Use A High-Yield Checking Accountmichael spring/FotoliaAlong the very same lines of using a high-interest savings account, another easy way to make 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 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! Particularly in low-cost index funds.

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

Oftentimes, that person gets paid a commission when you do. If you have a blog, the 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, apart from affiliate marketing.

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