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However, another path to go is to get an income property just with the intention of renting it out. That can be even better if you live in a touristy place, because you can probably make even greater than usual during the high tourist seasons. "Rental properties provide 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 supply that constant income (people always need somewhere 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 help afford their houses more than men, especially single mothers who host (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, 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, however Goudreau elaborates.

"The crucial thing is to maintain your spending charges the exact same and pay your balance off in full at the end of each month. Additionally, it is important to pay your bill on time. This way, you are not paying interest or getting hit with any late fees, and any money 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 take your talent to Etsy or an online website, particularly if you already 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 abilities 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 your life, and due to 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 creative skills, you 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 whether you write an eBook on dating or tips on how best to restore your car, once you compose, self-publish the publication, and let it go, it can sit on a website like Amazon and sell itself. Obviously, you can market it, too, but that's another story! Some sites let you keep most of the earnings, but some do not.

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That is a big percentage. Writing a book is not easy, but once you invest in the time that it takes, you can benefit from the monetary benefits.5Utilize a High-Interest Savings AccountAshley Batz/BustleWhile a check my reference few people today tend to use a savings account in the 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 few as 0.1percent interest on savings, online banks tend to provide higher interest rates. By switching to an account which 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 exactly 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: If it's 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. However, this really is a friendly reminder of investing even in the event that you don't know anything about investing! Particularly in low-cost index this funds.

"As legendary investor Warren Buffett recently told CNBCs On the Money,'Consistently purchase an S&P 500 cheap 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 that tracks the current market, you pay less in fees and take less of a risk.

Oftentimes, that person gets paid a commission when you do. In case you've got a site, the same can happen for you. It's a win-win-win for everyone involved you, the product 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 a whole lot more on the topic, aside from affiliate marketing.

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