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However, another path to go is to obtain an income property only with the intention of renting it out. That can be even better if you reside in a touristy place, since you can probably make even greater than normal during the high tourist seasons. "Rental properties offer a source of passive income and the possibility 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 (people always need a place to live) which is not directly tied into the market and one cannot outlive. "In actuality, according to Airbnb, women hosts are using their Airbnb income to assist afford their homes more so than men, particularly 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 stage. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, would you use cash, your debit card, or even a charge card Instead, why not use a credit card charge card and make money at the same time you shop It sounds contradictory, but 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. Additionally, it is important to cover your invoice on time. This way, you're not paying interest or getting hit with any late penalties, and any money 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. In any case may be, why not take your talent to Etsy or an online website, particularly if you currently have a bunch of your product already made"Make your own products and services," financial blogger and lifestyle 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 good at How can you monetize that talent and possibly even build a business from it Have you experienced something extraordinary in life, and because of this, have tons of knowledge and wisdom 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 this: When you invest in your creative abilities, you become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you're thinking maybe you are not a writer.

Also, chances are that other men and women want to know what you know. So whether you write an eBook on dating or advice on how best to restore your car, once you write, self-publish the publication, and let it go, it can sit on a site like Amazon and promote itself. Of course, you can market it, also, but that's another story! Some sites allow you to keep most of the earnings, while some 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 requires, you can reap the monetary benefits.5Use a High-Interest Savings AccountAshley Batz/BustleWhile some people tend to use a savings account in the exact same bank where they have their checking account, make sure it's redirected here a high-interest one, not just a convenient one.

"While many traditional banks provide as few as 0.1percent interest on savings, online banks tend to offer higher interest prices. By switching into an account that offers 1% interest or more, you would 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 easy way to make 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 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 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 purchase an S&P 500 low-cost index fund. I think it's the thing that makes the most sense practically of all time.' By not picking individual stocks and, instead, buying a low-cost fund which 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 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 product. Pat Flynn talks about this at length on his website, Smart Passive Income, where you can learn much more on the topic, aside from affiliate marketing.

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