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However, another path to go is to get an income property just for the purpose of renting it out. That can be even better if you live in a touristy place, because you can probably make even more than usual during the high tourist seasons. "Rental properties offer a source of passive income and the possibility of overall appreciation of the property 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 marketplace and one cannot outlive. "In fact, according to Airbnb, women hosts are using their Airbnb income to assist afford their houses more 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 through 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 cash-back charge 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 same and also pay your balance off in full at the end of every month. Additionally, it is important to cover your bill on time. This way, you are not paying interest or getting hit with any late fees, and any cash you back earn is pure gain.

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Maybe you're that person who creates handmade greeting cards for friends and family. Or maybe making candles is more your thing. Whatever the case might be, why not simply take your talent to Etsy or an online website, especially if you currently have a bunch of your merchandise 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 good at How can you monetize that talent and possibly even build a business out of it Perhaps you have experienced something extraordinary in your life, and because of 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 creative Read Full Article skills, you eventually become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you're thinking maybe you're 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 advice on how to fix your car, once you compose, self-publish the book, and let it go, it can sit on a website like Amazon and sell itself. Obviously, you can market 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 is a big percentage. Writing a book is not easy, but once you invest in the time that 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 in precisely the same bank where they have their checking account, make sure it's a high-interest one, not read this just 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 that offers 1% interest or more, 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 easy 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 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. However, this is important source a friendly reminder about investing even in the event that 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 which makes 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 risk.

Oftentimes, that person gets paid a commission when you do. If you have a blog, 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 get the item. Pat Flynn talks about this at length on his site, Smart Passive Income, where you can learn much more on the topic, aside from affiliate marketing.

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