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However, another path to go is to obtain an income property only with the intention of renting it out. That can be even better if you live in a touristy area, since you can probably make even more than usual during the high tourist seasons. "Rental properties provide 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) which is not directly tied into the market and one cannot outlive. "In fact, according to Airbnb, women hosts are using their Airbnb income to help afford their homes more so 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 throughout the platform. 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 make money at the same time you store It sounds contradictory, but Goudreau elaborates.

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

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

Nonetheless, your individuality can never be replaced! I encourage you to explore your creative talents and abilities more. What are you great at How can you monetize that talent and possibly even build a business out of it Have you experienced something extraordinary in life, and due to it, have tons of knowledge and knowledge to 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 this: When you invest in your own creative skills, you become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you are thinking maybe you're not a writer.

Also, chances are that other people want to know what you know. So if you write an eBook on dating or advice on the best way best to fix your car, once you compose, self-publish the publication, and let it go, it can sit on a website like Amazon and promote itself. Obviously, you can promote it, also, but that's another story! Some sites allow you to keep the majority of the earnings, while some do not.

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That's a major percentage. Writing a book is not easy, but once you invest in the time that it takes, you can reap the monetary benefits.5Use a High-Interest Savings AccountAshley Batz/BustleWhile some people tend to use a savings account in precisely 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 provide as few as 0.1% interest on savings, online banks tend to offer higher interest prices. By switching into an account which 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 the 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 easy access to ATMs, your options will be limited 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 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 buy an S&P 500 low-cost index fund. I think it's the thing that makes Learn More the most sense practically of all time.' By not picking individual stocks and, instead, buying a low-cost fund that tracks the market, you pay less in fees and take less of a danger.

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