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However, another route to go is to get an income property just for the purpose of renting it out. That is even better if you live in a touristy place, since you can probably make even more than normal during the high tourist seasons. "Rental properties offer a source of passive income and the possibility of total appreciation of this house with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, informs Bustle.

Rental properties can supply that constant income (individuals always need a place to live) which 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 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 throughout the stage. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, do you use money, your debit card, or even a charge card Instead, why not use a credit card credit card and earn money while you store It sounds contradictory, however Goudreau elaborates.

"The crucial thing is to keep your spending rates the same and also pay your balance off in full at the end of every month. Additionally, it is important to pay your invoice on time. This way, you're not paying interest or getting struck 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 loved ones. 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, particularly 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 abilities 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 due to this, have tons of knowledge and knowledge to share...

Essentially, you bust your butt 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 are thinking maybe you're not a writer.

Additionally, additional hints chances are that other men and women want to know what you know. So whether you write an eBook on dating or tips on how best to fix your auto, once you write, self-publish the book, and let it go, it can sit on a site like Amazon and sell itself. Of course, you can market it, also, but that is another story! Some sites allow you to keep the majority of the earnings, but others do not.

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That's 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.5Utilize a High-Interest Savings AccountAshley Batz/BustleWhile some people 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 provide as few as 0.1percent interest on savings, online banks tend to provide higher interest rates. try this By switching into an account which offers 1% interest or more, you'd be making 10 times as much by simply moving the money." 6Use A High-Yield Checking Accountmichael spring/FotoliaAlong the 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 caveat: If 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 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 that it's the thing that makes the most sense almost of 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 risk.

Oftentimes, that person gets paid a commission when you do. In case you've got a blog, the same can happen for you. It's a win-win-win for everyone involved you, the product you're recommending, and the person who clicks on the link to acquire the product. Pat Flynn talks about this at length on his site, Smart Passive Income, where you can learn a whole lot more on the topic, aside from affiliate marketing.

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