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But another path to go is to obtain an income property just with the intention of renting it out. That can be even better if you reside in a touristy area, because you can probably make even more than usual during the high tourist seasons. "Rental properties offer a source of passive income and the possibility of total appreciation of the house with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, informs Bustle.

Rental properties can provide that constant income (people always need a place to live) which 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 afford their houses more so than men, particularly 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 platform. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, would you use money, your debit card, or a charge card Instead, why not use a cash-back credit card and make money at the same time you store It sounds contradictory, but Goudreau elaborates.

"The crucial thing is to keep your spending charges the exact same and pay your balance off in full at the end of each month. Additionally, it is important to cover your invoice on time. This way, you are not paying interest or getting struck with any late fees, and any cash back you earn is pure profit.

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Maybe 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 simply take your talent to Etsy or an online site, 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 informs Bustle.

Nonetheless, your individuality can never be replaced! I encourage you to explore your creative talents and skills more. What are you great at How can you monetize that talent and perhaps even build a business out of it Perhaps you have experienced something extraordinary in life, and due to it, have tons of knowledge and knowledge to share...

Essentially, you bust your butt once and get paid 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 abilities, 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 men and women want to know what you know. So if you write an eBook on dating or advice on how to restore your auto, once you write, self-publish the publication, and let it go, it can sit on a website like Amazon and sell itself. Obviously, you can promote 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 novel is not easy, but once you invest in the time it requires, you can benefit from the monetary benefits.5Use a High-Interest Savings AccountAshley Batz/BustleWhile some 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 simply a convenient one.

"While many traditional banks offer as little 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 would be making 10 times as much just by 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 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 go now 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 about investing even in the event that you don't know anything about investing! Particularly in low-cost index funds.

"As site web legendary investor Warren Buffett recently told CNBCs On the Money,'Consistently buy an S&P 500 low-cost index fund. I think that it's the thing which makes the most sense practically of all time.' By not picking individual stocks and, instead, buying a low-cost fund that 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. In case you've got 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 site, Smart Passive Income, where you can learn much more on the topic, apart from affiliate marketing.

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