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But another route to go is to obtain an income property just with the intention of renting it out. That is even better if you live in a touristy place, because you can probably make even more than usual during the high tourist seasons. "Rental properties provide a source of passive income and the chance of total appreciation of this house with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, tells Bustle.

Rental properties can provide that constant income (people always need a place to live) which is not directly tied into the market and one cannot outlive. "In actuality, according to Airbnb, women hosts are using their Airbnb income to help afford their homes more 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, would you use money, your debit card, or even a credit card Instead, why not use a credit card charge card and earn money while you store It sounds contradictory, however Goudreau elaborates.

"The key is to keep your spending rates the exact same and also pay your balance off in full at the end of every month. Additionally, it is important to pay your bill on time. This way, you're not paying interest or getting struck with any late fees, 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 family. Or perhaps making candles is more your thing. Whatever the case may be, why not simply take your talent to Etsy or an online site, particularly if you currently have a bunch of your product already made"Make your own merchandise and services," financial blogger and life coach Michael Tamez tells 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 Perhaps you have 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 paid for the remainder of your life even when you're sitting on the beach, sipping coconut rum. Keep in mind that: When you invest in your creative abilities, you eventually become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you are thinking maybe you're 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 best to restore your auto, once you compose, self-publish the publication, 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 let you keep the majority of the earnings, while others do not.

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That's a major percentage. Writing a book is not easy, but once you invest in the time it requires, you can reap the monetary benefits.5Utilize a High-Interest Savings AccountAshley Batz/BustleWhile a few 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 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 to an account which offers 1% interest or more, you would be making 10 times as much by simply moving the money." 6Use A High-Yield Checking Accountmichael spring/FotoliaAlong exactly the 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: When it's important to you to have a convenient, nearby branch or easy access to ATMs, your options will be limited by where you live. "7Invest In Low-Cost Index Funds You probably already know that investing can result in earned check these guys out money down the line. However, this really is a friendly reminder about 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 the thing that makes the most sense practically 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 danger.

Oftentimes, that person gets paid a commission when you do. In case you have a site, 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 much more on the subject, apart from affiliate marketing.

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