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But another route to go is to get an income property just for the purpose of renting it out. That can be even better if you reside in a touristy area, 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 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 a place 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 homes more than men, especially 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 through the stage. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, do you use money, your debit card, or a charge card Instead, why not use a cash-back charge card and make money at the same time you shop It sounds contradictory, however Goudreau elaborates.

"The key is to keep your spending charges the same and pay your balance off in full at the end of each month. It's also important to cover your bill 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 creates handmade greeting cards for friends and loved ones. Or maybe making candles is more your thing. Whatever the case may be, why not take your talent to Etsy or an online website, particularly if you already have a bunch of your merchandise already made"Make your own merchandise and services," financial blogger and lifestyle coach Michael Tamez informs 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 perhaps even build a business from it Have you experienced something extraordinary in your life, and because of this, have tons of knowledge and knowledge to share...

Essentially, you bust your ass once and get compensated for the remainder of your life even when you're sitting on the beach, sipping coconut rum. click over here now Keep in mind this: When you invest in your creative skills, you eventually become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you're thinking maybe you're 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 the best way best to fix your auto, once you write, self-publish the book, and let it go, it can sit on a website like Amazon and sell itself. Of course, you can promote it, too, 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 major percentage. Writing a novel is not easy, but once you invest in the time that it takes, you can benefit from the monetary benefits.5Use a High-Interest Savings AccountAshley Batz/BustleWhile a few 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 just a convenient one.

"While many traditional banks provide as little as 0.1percent interest on savings, online banks tend to offer higher interest prices. By switching to an account that offers 1% interest or more, you'd 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 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 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 about 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 practically of time.' By not picking individual stocks and, instead, buying a low-cost fund that tracks the current market, you pay less in fees and take less of a risk.

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

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