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But another path to go is to get an income property only for the purpose of renting it out. That can be even better if you live in a touristy area, because 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 total appreciation of the house with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, informs Bustle.

Rental properties can provide that constant income (people always need somewhere to live) which is not directly tied to the market and one cannot outlive. "In fact, according to Airbnb, women hosts are using their Airbnb income to help manage their homes more so than men, especially 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 credit card Instead, why not use a cash-back charge card and make money while you store It sounds contradictory, however Goudreau elaborates.

"The crucial thing is to keep your spending charges the exact same and 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 money 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 maybe making candles is more your thing. Whatever the case might be, why not simply take your talent to Etsy or an online website, particularly if you currently have a bunch of your product already made"Create your own products and services," financial blogger and lifestyle coach Michael Tamez informs Bustle.

Nonetheless, your individuality can never be replaced! I encourage you to explore your creative talents and skills more. What are you good at How can you monetize that talent and perhaps even build a business from it Perhaps you have experienced something extraordinary in your life, and due to this, 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 that: 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.

Also, chances are that other people want to know what you know. So whether you write an eBook on dating or tips on how best to fix your auto, 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 market it, too, but that is 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 book is not easy, but once you invest in the time it takes, you can reap the monetary benefits.5Use a High-Interest Savings AccountAshley Batz/BustleWhile some 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 offer as few as 0.1percent interest on savings, online banks tend to provide higher interest prices. By switching into an account that offers 1% interest or more, you'd 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 simple way to visit their website create and have more money is by using a high-yield checking account.

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"One caveat: If it is important to you to have a convenient, nearby branch or effortless 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. However, this is a friendly reminder of 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 low-cost 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 danger.

Oftentimes, that person gets paid a commission when you do. If you've got a site, the exact 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 acquire the item. Pat Flynn Continued talks about this at length on his website, Smart Passive Income, where you can learn a whole lot more on the topic, aside from affiliate marketing.

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