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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, since 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 this property 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) which is not directly tied to the market and one cannot outlive. "In actuality, according to Airbnb, women hosts are using their Airbnb income to assist manage their homes more so 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 throughout the platform. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, do you use cash, your debit card, or a charge card Instead, why not use a cash-back charge card and earn money while you shop It sounds contradictory, however Goudreau elaborates.

"The crucial thing is to maintain your spending rates the same and pay your balance off in full at the end of every month. It's also important to pay your bill on time. This way, you're not paying interest or getting struck with any late penalties, and any cash back you earn is pure profit.

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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 may be, why not take your talent to Etsy or an online website, especially if you currently have a bunch of your product 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 perhaps even build a business out of it Have you 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 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 skills, 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 people want to know get redirected here what you know. So whether you write an eBook on dating or advice 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 website like Amazon and promote itself. Of course, you can promote it, also, but that's another story! Some sites let you keep the majority of the earnings, but others do not.

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That is a major percentage. Writing a novel is not easy, but once you invest in the time 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 at precisely 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 provide as few as 0.1% interest on savings, online banks tend to offer higher interest rates. By switching into an account that offers 1% interest or longer, 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 create and have more money is by using a high-yield checking account.

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"One caveat: When it's important to you to have a convenient, nearby branch or effortless 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. However, this really is a friendly reminder of investing even if you don't know anything about investing! Particularly in cheap index funds.

"As legendary investor Warren Buffett recently told CNBCs On the Money,'Consistently purchase an S&P 500 cheap index fund. I think it's the thing that makes the most sense almost of all time.' By not picking individual stocks and, instead, buying a low-cost fund which tracks the current market, you pay less in fees and take less of a danger.

Oftentimes, that person gets paid a commission when you do. If you have a blog, the 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 get the item. Pat Flynn talks about this at length on his website, Smart Passive Income, where you can learn a whole lot more on the subject, apart from affiliate marketing.

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