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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 live in a touristy area, since you can probably make even greater than usual during the high tourist seasons. "Rental properties offer a source of passive income and the chance of overall appreciation of this house with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, tells Bustle.

Rental properties can supply that constant income (individuals always need a place to live) which is not directly tied into the market and one cannot outlive. "In actuality, according to Airbnb, women hosts are using their Airbnb income to assist afford their homes more than men, particularly single mothers who sponsor (62 percent globally).

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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 cash, your debit card, or a credit card Instead, why not use a cash-back credit card and earn money at the same time you shop It sounds contradictory, but Goudreau elaborates.

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

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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. Whatever the case may be, why not simply take your talent to Etsy or an online website, particularly if you already have a bunch of your merchandise already made"Make 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 abilities more. What are you great at How can you monetize that talent and perhaps even build a business from 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 remainder of your life even when you're sitting on the beach, sipping coconut rum. Just remember that: When you invest in your creative skills, you eventually become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you are thinking maybe you are not a writer.

Additionally, chances are that other men and women want to know what you know. So if you write an eBook on dating or tips on the best way to these details fix your auto, once you compose, self-publish the book, and let it go, it can sit on a website like Amazon and promote itself. Of course, you can market it, also, but that's another story! Some sites allow you to keep most of the earnings, while others do not.

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That's a major percentage. Writing a novel is not easy, but once you invest in the time that it requires, you can benefit from the monetary benefits.5Utilize a High-Interest Savings AccountAshley Batz/BustleWhile a few people today 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 offer as few as 0.1percent interest on savings, online special info banks tend to offer higher interest rates. By switching to an account which offers 1% interest or longer, you'd 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 simple 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 limited by your geographical area. "7Invest In Low-Cost Index Funds You probably already know that investing can result in earned money down the line. Nonetheless, 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 purchase an S&P 500 cheap index fund. I think it's the thing which 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 take less of a danger.

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 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 much more on the topic, apart from affiliate marketing.

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