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However, another path to go is to obtain an income property just with the intention of renting it out. This is even better if you live in a touristy place, since you can probably make even greater than normal during the high tourist seasons. "Rental properties provide a source of passive income and the possibility of overall appreciation of the house with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, informs Bustle.

Rental properties can supply that constant income (people always need a place to live) that is not directly tied to the marketplace and one cannot outlive. "In actuality, 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 through the platform. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, would you use cash, your debit card, or a charge card Instead, why not use a cash-back charge card and earn money while you store It sounds contradictory, but Goudreau elaborates.

"The key is to maintain your spending rates the same and also pay your balance off in full at the end of each month. It's also important to pay your invoice on time. This way, you are not paying interest or getting struck with any late penalties, and any cash you back 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. In any case might be, why not simply take your talent to Etsy or an online website, especially if you already have a bunch of your product already made"Create your own products 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 abilities more. What are you great at How can you monetize that talent and perhaps even build a business from it Have you experienced something extraordinary in your life, and due to it, have tons of knowledge and knowledge to share...

Essentially, you bust your butt once and get compensated for the remainder of your life special info even when you're sitting on the beach, sipping coconut rum. Just remember that: When you invest in your own creative abilities, 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 if you write an eBook on dating or tips on how to restore your car, once you compose, self-publish the publication, and let it go, it can sit on a site like Amazon and sell itself. Obviously, you can promote it, too, but that is another story! Some sites let you keep the majority of the earnings, while others do not.

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That is a big percentage. Writing a book is not easy, but once you invest in the time it takes, you can reap the monetary benefits.5Utilize a High-Interest Savings AccountAshley Batz/BustleWhile some people today tend to use a savings account at 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 offer as little as 0.1% interest on savings, online banks tend to offer higher interest rates. By switching into an account which 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 the same lines of using a high-interest savings account, another simple way to make and have more money is by using a high-yield checking account.

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"One caveat: When it is 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 money down the line. Nonetheless, this really is a friendly reminder about investing even in the event that you don't know anything about investing! Especially 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 which makes the most sense practically of 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. If you have a site, the 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 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, aside from affiliate marketing.

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