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But another route to go is to get an income property only for the purpose of renting it out. This is even better if you reside in a touristy place, because you can probably make even more than normal during the high tourist seasons. "Rental properties provide a source of passive income and the possibility of total appreciation of this property with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, tells Bustle.

Rental properties can provide that constant income (individuals always need somewhere to live) that 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 houses more 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 through the stage. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, do you use cash, your debit card, or even a charge card Instead, why not use a cash-back charge card and make money while you shop It sounds contradictory, but Goudreau elaborates.

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

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Maybe you're that person who produces handmade greeting cards for friends and family. Or perhaps 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 already have a bunch of your product already made"Make your own merchandise 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 abilities more. What are you good at Just How can you monetize that talent and perhaps even build a business out of it Have you experienced something extraordinary in your life, and due to it, have tons of knowledge and wisdom to share...

Essentially, you bust your ass once and get compensated for the rest 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 eventually become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you're thinking maybe you are not a writer.

Additionally, chances are that other people want to know what you know. So whether you write an eBook on dating or advice on how best to fix your car, once you compose, self-publish the book, and let it go, it can sit on a website like Amazon and sell itself. Of course, you can market it, too, but that's another story! Some sites allow you to keep most of the earnings, but 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 it requires, you can reap the monetary benefits.5Use a High-Interest Savings AccountAshley Batz/BustleWhile a few people tend to use a savings account in 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 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 longer, you'd 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 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 easy 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. However, this is a friendly reminder of investing even if you don't know anything about investing! Particularly 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 that it's look at this site 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 current 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 have a blog, the same can happen for you. It is a win-win-win for everyone involved you, the product 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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