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However, another path to go is to get an income property only with the intention of renting it out. That can be even better if you reside in a touristy place, since you can probably make even more than normal during the high tourist seasons. "Rental properties offer a source of passive income and the chance of total appreciation of the 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) that is not directly tied to the market and one cannot outlive. "In fact, according to Airbnb, women hosts are using their Airbnb income to assist 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 money, your debit card, or even a charge card Instead, why not use a cash-back charge card and earn money while you store It sounds contradictory, however Goudreau elaborates.

"The crucial thing is to maintain your spending charges the exact same and also pay your balance off in full at the end of each month. It's also important to cover your bill on time. That way, you're not paying interest or getting struck with any late penalties, and any cash 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. Whatever the 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"Create your own merchandise and services," financial blogger and life 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 great at Just How can you monetize that talent and possibly even build a business out of it Have you 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. Keep in mind that: When you invest in your creative abilities, you become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you're thinking maybe you are not a writer.

Additionally, chances are that other men and women want to know what you know. So our website if you write an eBook on dating or advice on how best to fix your auto, 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 market it, also, but that's another story! Some sites let you keep the majority of the earnings, but others do not.

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That is a big percentage. Writing a novel is not easy, but once you invest in the time it takes, you can reap the monetary benefits.5Use a High-Interest Savings AccountAshley visit site Batz/BustleWhile a few people 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 simply a convenient one.

"While many traditional banks provide as few as 0.1percent interest on savings, online banks tend to provide higher interest rates. By switching to an account that offers 1% interest or longer, you'd be making 10 times as much by simply 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 create and have more money is by using a high-yield checking account.

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"One caveat: If it is important to you to have a convenient, nearby branch or easy 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. Nonetheless, this really is a friendly reminder about investing even in the event that you don't know anything about investing! Especially in low-cost index funds.

"As legendary investor Warren Buffett recently told CNBCs On the Money,'Consistently purchase an S&P 500 low-cost index fund. I think that 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 current 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 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 website, Smart Passive Income, where you can learn a whole lot more on the topic, apart from affiliate marketing.

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