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But another path to go is to obtain an income property only for the purpose 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 offer a source of passive income and the possibility of overall appreciation of this house with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, tells Bustle.

Rental properties can supply that constant income (people always need a place to live) which is not directly tied to the market and one cannot outlive. "In fact, according to Airbnb, women hosts are using their Airbnb income to help manage their homes more so than men, particularly 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 throughout the stage. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, do you use cash, your debit card, or a charge card Instead, why not use a cash-back credit card and make money at the same time you shop It sounds contradictory, but Goudreau elaborates.

"The crucial thing is to maintain your spending charges the same and also pay your balance off in full at the end of every month. Additionally, it is important to pay your bill on time. This way, you're not paying interest or getting struck with any late fees, and any money you back earn is pure profit.

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Perhaps you're that person who produces handmade greeting cards for friends and loved ones. Or maybe making candles is more your thing. In any case might be, why not take your talent to Etsy or an online website, especially if you currently have a bunch of your merchandise already made"Make your own products 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 great at Just How can you monetize that talent and possibly even build a business from it Have you experienced something extraordinary in life, and because of it, have tons of knowledge and knowledge to share...

Essentially, you bust your butt 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 own creative skills, you eventually 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 if you write an eBook on dating or advice on the best way best to restore your car, once review you compose, 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's another story! Some sites let you keep most of the earnings, while some do not.

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That's a big percentage. Writing a book is not easy, but once you invest in the time it takes, you can benefit from the monetary benefits.5Utilize a High-Interest Savings AccountAshley Batz/BustleWhile a few people today tend to use a savings account in precisely 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 offer as little as 0.1% interest on savings, online banks tend to offer higher interest prices. By switching into an account that offers 1% interest or more, 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 simple 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 restricted 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 of investing even in the event that 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 low-cost index fund. I review think that 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 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. In case you have a site, the 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, apart from affiliate marketing.

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