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However, another route to go is to get an income property only with the intention of renting it out. This can be even better if you reside in a touristy area, because you can probably make even more than usual during the high tourist seasons. "Rental properties provide a source of passive income and the possibility of total appreciation of the house with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, tells Bustle.

Rental properties can provide that constant income (people always need a place to live) that 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 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 cash, your debit card, or a charge card Instead, why not use a cash-back charge card and make money while you store It sounds contradictory, but Goudreau elaborates.

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

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Perhaps you're that person who creates handmade greeting cards for friends and loved ones. Or perhaps 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 product 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 skills more. What are you good at Just How can you monetize that talent and possibly even build a business from it Perhaps you have experienced something extraordinary in your life, and because of it, have tons of knowledge and wisdom to share...

Essentially, you bust your ass once and get compensated for the remainder of your life even when you're sitting on the beach, sipping coconut rum. Keep in mind this: When you invest in your creative abilities, you 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 whether you write an eBook on dating or advice on the best way to fix your auto, once you write, self-publish the book, and let it go, it can sit on a site like Amazon and sell itself. Of course, you can market it, also, but that is another story! Some sites allow you to keep most of the earnings, but some 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 takes, you can reap the monetary benefits.5Use a High-Interest Savings AccountAshley Batz/BustleWhile some people tend to use a savings account at 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 little as 0.1% interest on savings, online banks tend to offer higher interest content rates. By switching to an account that offers 1% interest or longer, you'd be making 10 times as much just by 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 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 where you live. "7Invest In Low-Cost Index Funds You probably already know 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! Particularly in cheap index linked here funds.

"As legendary investor Warren Buffett recently told CNBCs On the Money,'Consistently purchase an S&P 500 low-cost index fund. I think it's the thing which makes the most sense almost 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 take less of a danger.

Oftentimes, that person gets paid a commission when you do. If you've got a site, the weblink 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 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, aside from affiliate marketing.

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