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But another path to go is to obtain an income property just with the intention of renting it out. This can be even better if you live 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 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 to the marketplace and one cannot outlive. "In fact, 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 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 earn money while you shop It sounds contradictory, however Goudreau elaborates.

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

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Perhaps you're that person who produces handmade greeting cards for friends and family. Or perhaps making candles is more your thing. In any case might be, why not simply 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 tells Bustle.

However, your individuality can never be replaced! I encourage you to explore your creative talents and skills more. What are you good at How can you monetize that talent and perhaps even build a business out of it Perhaps you have experienced something extraordinary in life, and due to 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 rum. Just remember this: When you invest in your creative abilities, 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 people want to know what you know. So if you write an eBook on dating or tips on the best way 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 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 big percentage. Writing a novel is not easy, but once you invest in the time that it requires, you can benefit from the monetary benefits.5Use a High-Interest Savings web AccountAshley Batz/BustleWhile some people today 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 simply a convenient one.

"While many traditional banks offer as few as 0.1% interest on savings, online banks tend to provide higher interest rates. By switching into 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 exactly the very 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's 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 a friendly reminder about investing even in the event that you don't know anything about investing! Particularly in cheap index funds.

"As legendary investor Warren Buffett recently told CNBCs On the Money,'Consistently buy an S&P 500 cheap index fund. I think that Click This Link it's the thing which makes the most sense practically of 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. In case you've got 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 click to investigate acquire the product. Pat Flynn talks about this at length on his site, Smart Passive Income, where you can learn a whole lot more on the topic, apart from affiliate marketing.

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