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But another route 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 area, since you can probably make even more than usual during the high tourist seasons. "Rental properties provide a source of passive income and the chance of total appreciation of the property with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, informs Bustle.

Rental properties can supply that constant income (individuals always need somewhere to live) which 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 internationally ).

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And, since Airbnb launched in 2008, women Airbnb hosts have earned over $10 billion through the platform. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, do you use cash, your debit card, or even a credit card Instead, why not use a credit card charge card and earn money at the same time you store It sounds contradictory, but Goudreau elaborates.

"The key is to keep your spending rates the exact same and pay your balance off in full at the end of each month. Additionally, it is important to cover your bill on time. That way, you're not paying interest or getting hit with any late fees, and any cash 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. Whatever the case might be, why not simply take your talent to Etsy or an online site, especially if you already have a bunch of your product already made"Make your own products and services," financial blogger and life coach Michael Tamez informs Bustle.

However, 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 out of it Perhaps you have experienced something extraordinary in life, and due to it, have tons of knowledge and wisdom to share...

Essentially, you bust your butt 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 own creative abilities, you become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you are thinking maybe you are not a writer.

Also, chances are that other men and women want to know what you know. So if you write an eBook on dating or tips on the best way best to restore your auto, once you compose, self-publish the book, and let it go, it can sit on a site like Amazon and sell itself. Get More Info Of course, you can market it, too, but that is another story! Some sites let you keep the majority of the earnings, but others do not.

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That's a big 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 a few people tend to use a savings account in 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 few as 0.1percent interest on savings, online banks tend to provide higher interest rates. By switching into 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 the very same lines of using a high-interest savings account, another simple way to make 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 effortless access to ATMs, your options will be limited 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 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 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 that tracks the market, you pay less in fees and require less of a danger.

Oftentimes, that person gets paid a commission when you do. In case you've got a site, the exact 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 acquire the item. Pat Flynn talks about this at length on his site, Smart Passive Income, where you can learn much more on the subject, apart from affiliate marketing.

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