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But another route to go is to get an income property only with the intention of renting it out. This is even better if you reside in a touristy area, because you can probably make even greater 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 (individuals always need somewhere to live) that is not directly tied into the market 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 internationally ).

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And, since Airbnb launched in 2008, women Airbnb hosts have earned over $10 billion throughout the platform. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, would you use cash, your debit card, or a credit card Instead, why not use a cash-back charge card and make money while you shop It sounds contradictory, however Goudreau elaborates.

"The crucial thing is to maintain your spending rates 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 are not paying interest or getting hit with any late penalties, and any money you back earn is pure gain.

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Perhaps you're that person who produces handmade greeting cards for friends and loved ones. Or perhaps making candles is more your thing. In any case might be, why not simply 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.

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 from it Perhaps you have 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 compensated for the rest of your life even when you're sitting on the beach, sipping coconut rum. Just remember that: When you invest in your creative skills, you become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you are 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 tips on how to fix your car, once you compose, self-publish the publication, and let it go, it can sit on a website like Amazon and promote itself. Obviously, you can promote it, also, but that's another story! Some sites anonymous allow you to keep most of the earnings, while some do not.

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That is a major 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 some people tend to use a savings account at 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 few as 0.1% interest on savings, online banks tend to offer higher interest prices. By switching to an account that 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 exactly the very 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 visit this page caveat: When 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. However, this really is a friendly reminder of investing even if 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 index 500 low-cost index fund. I think that it's the thing that makes the most sense practically 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 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, aside from affiliate marketing.

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