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However, another route to go is to obtain an income property just with the intention of renting it out. That is 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 provide 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 (individuals always need somewhere to live) which is not directly tied to 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, 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 through the stage. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, do you use money, your debit card, or even a credit card Instead, why not use a cash-back credit card and earn money at the same time you store It sounds contradictory, however Goudreau elaborates.

"The key is to keep your spending rates the 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. That way, you're not paying interest or getting hit with any late penalties, and any money back you earn is pure profit.

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Maybe you're that person who produces handmade greeting cards for friends and family. Or perhaps making candles is more your thing. In any case may be, why not take your talent to Etsy or an online website, particularly if you currently have a bunch of your product already made"Create your own merchandise and services," financial blogger and life 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 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 because of it, have tons of knowledge and wisdom 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. Just remember this: When you invest in your own creative skills, you eventually become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you're 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 to fix your car, once you write, self-publish the book, and let it go, it can sit on a website like advice Amazon and promote itself. Obviously, you can market it, too, 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 requires, you can reap the monetary benefits.5Utilize a High-Interest Savings AccountAshley Batz/BustleWhile some people today tend to use Bonuses 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 little as 0.1percent interest on savings, online banks tend to offer higher interest prices. By switching to an account which 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 easy way to create and have more money is by using a high-yield checking account.

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"One caveat: When it's 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 Check This Out that investing can result in earned money down the line. However, this really is a friendly reminder of investing even if you don't know anything about investing! Especially 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 it's the thing that makes the most sense almost 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 risk.

Oftentimes, that person gets paid a commission when you do. If you've got a site, 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 product. Pat Flynn talks about this at length on his website, Smart Passive Income, where you can learn a whole lot more on the topic, apart from affiliate marketing.

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