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But another path to go is to obtain an income property just 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 provide a source of passive income and the chance of overall appreciation of the property with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, informs Bustle.

Rental properties can provide that constant income (people always need somewhere to live) that is not directly tied into the marketplace and one cannot outlive. "In fact, according to Airbnb, women hosts are using their Airbnb income to help manage their houses more than men, particularly single mothers who host (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 money, your debit card, or even a charge card Instead, why not use a cash-back 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 same and pay your balance off in full at the end of each month. It's also important to pay your bill on time. That way, you're not paying interest or getting hit with any late fees, and any cash you back 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. In any case might be, why not simply 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 Just How can you monetize that talent and possibly even build a business from it Perhaps you have experienced something extraordinary in your 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 own 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 men and women want to know what you know. So whether you write an eBook on dating or tips on the best way to fix your auto, once you compose, 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 allow you to keep the majority have a peek here of the earnings, while 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 requires, you can reap 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 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 longer, you would 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 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 easy 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. Nonetheless, 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 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 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 blog, the exact 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 site, Smart Passive Income, where you can learn a whole lot more on the topic, aside from affiliate marketing.

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