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But another path to go is to get an income property only for the purpose of renting it out. That can be even better if you reside in a touristy place, because 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 overall appreciation of this house with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, tells Bustle.

Rental properties can provide that constant income (people always need somewhere to live) that is not directly tied into the marketplace and one cannot outlive. "In actuality, according to Airbnb, women hosts are using their Airbnb income to assist manage their houses more so than men, especially 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, do you use cash, your debit card, or even a credit card Instead, why not use a cash-back charge card and make money at the same time you shop It sounds contradictory, but Goudreau elaborates.

"The key is to maintain your spending rates the 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 are not paying interest or getting hit with any late fees, and any money you back earn is pure gain.

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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 might be, why not simply take your talent to Etsy or an online website, especially if you already have a bunch of your merchandise already made"Make your own products and services," financial blogger and lifestyle 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 How can you monetize that talent and perhaps even build a business from it Perhaps you have experienced something extraordinary in your life, and because of this, have tons of knowledge and wisdom 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 additional info rum. Keep in mind that: 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.

Also, chances are that other people want to know what you know. So if you write an eBook on dating or advice on how to restore your car, once you write, self-publish the publication, and let it go, it can sit on a site like Amazon and promote itself. Obviously, you can market it, also, but that's another story! find Some sites allow you to keep the majority of the earnings, while 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 that it takes, you can benefit from the monetary benefits.5Use a High-Interest Savings AccountAshley Batz/BustleWhile a few people tend to use a savings account in 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 provide higher interest prices. By switching to an account which offers 1% interest or more, you would be making 10 times as much just by moving the money" 6Use A High-Yield Checking Accountmichael spring/FotoliaAlong the very same lines of using a high-interest savings account, another simple way to make 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 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 is a friendly reminder about investing even in the event that you don't know anything about investing! Particularly in low-cost here index funds.

"As legendary investor Warren Buffett recently told CNBCs On the Money,'Consistently purchase an S&P 500 cheap 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 market, you pay less in fees and require less of a danger.

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 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 website, Smart Passive Income, where you can learn much more on the topic, apart from affiliate marketing.

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