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However, another route to go is to obtain an income property just for the purpose of renting it out. That is even better if you reside in a touristy area, because you can probably make even more than normal during the high tourist seasons. "Rental properties provide a source of passive income and the chance of overall appreciation of the property with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, tells Bustle.

Rental properties can provide that constant income (individuals 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 even a credit card Instead, why not use a credit card credit card and earn money at the same time you shop It sounds contradictory, however Goudreau elaborates.

"The key is to maintain your spending rates the exact same and pay your balance off in full at the end of each month. It's also important to cover your invoice on time. That way, you're 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 family. 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 already have a bunch of your product already made"Make your own products and services," financial blogger and life coach Michael Tamez informs Bustle.

Nonetheless, 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 possibly even build a business out of it Have you experienced something extraordinary in life, and because of this, have tons of knowledge and knowledge 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. Just remember that: When you invest in your own creative skills, you eventually become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you're thinking maybe you're not a writer.

Also, chances are that other people want to know what you know. So whether you write an eBook on dating or advice on the best way best to restore your car, once you write, self-publish the book, and let it go, it can sit on a website like Amazon and sell itself. Of course, you can market it, too, but that's another story! Some sites let you keep the majority of the earnings, but some 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 benefit from the monetary benefits.5Use a High-Interest Savings AccountAshley Batz/BustleWhile some people tend to use a savings account at 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 little as 0.1% interest on savings, online banks tend to provide higher interest prices. By switching into an account which 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 simple 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 restricted 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 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 cheap index fund. I think it's the thing which makes the most sense practically 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 danger.

Oftentimes, that image source person gets paid a commission when you do. In case you have a site, the exact same can happen for you. It's 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 website, Smart Passive Income, where you can learn much more on the subject, see this page aside from affiliate marketing.

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