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But another route to go is to obtain an income property just for the purpose of renting it out. This can be even better if you reside in a touristy area, since you can probably make even greater than usual during the high tourist seasons. "Rental properties offer a source of passive income and the chance of total appreciation of this property with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, informs Bustle.

Rental properties can provide that constant income (individuals 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 assist manage their houses more so 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 platform. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, would you use money, your debit card, or a charge card Instead, why not use a cash-back charge card and earn money at the same time you store It sounds contradictory, however Goudreau elaborates.

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

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Maybe you're that person who produces 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, especially if you currently have a bunch of your merchandise already made"Make your own merchandise and services," financial blogger and life 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 Have you experienced something extraordinary in your life, and due to this, have tons of knowledge and knowledge to share...

Essentially, you bust your butt once and get compensated for the rest of your life even when you're sitting on the beach, sipping coconut rum. Keep in mind this: When you invest in your creative skills, you become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you're thinking maybe you're not a writer.

Additionally, 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 car, once you write, self-publish the publication, and let it go, it can sit on a site 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, but 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 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 precisely the exact 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 image source 0.1% interest on savings, online banks tend to offer higher interest prices. By switching into an account which 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 the 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: When it's important to you to have a convenient, nearby branch or easy access to ATMs, your options will be restricted by your geographical area. "7Invest In Low-Cost Index Funds You probably already know that investing can result view publisher site in earned money down the line. Nonetheless, this is a friendly reminder about investing even in the event that 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 which makes the most sense almost of all time.' By not picking individual stocks and, instead, buying a low-cost fund which tracks the market, you pay less in fees and take less of a danger.

Oftentimes, that person gets paid a commission when you do. If you've got a site, the same can happen for you. It's 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, apart from affiliate marketing.

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