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However, another path to go is to get 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 more than usual 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, tells Bustle.

Rental properties can supply that constant income (people always need somewhere to live) that 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 afford their houses more so than men, particularly single mothers who sponsor (62 percent internationally ).

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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 even a credit card Instead, why not use a credit card charge card and earn money while you store It sounds contradictory, but Goudreau elaborates.

"The crucial thing is to keep your spending rates the exact same and also pay your balance off in full at the end of every month. It's also important to pay your bill on time. This way, you are 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 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 currently have a bunch of your product already made"Make your own merchandise and services," financial blogger and lifestyle 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 Have you experienced something extraordinary in your life, and because of it, have tons of knowledge and wisdom to share...

Essentially, you bust your butt once and get compensated 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 skills, you become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you're thinking maybe you are not a writer.

Additionally, chances are that other men and women want to the original source know what you know. So if you write an eBook on dating or tips on the best way to fix your auto, once you write, self-publish the book, and let it go, it can sit on a website like Amazon and promote itself. Of course, you can market it, too, but that is another story! Some sites allow you to keep the majority of the earnings, but others do not.

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That's a major percentage. Writing a novel 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 a few people today tend to use a savings account in precisely the exact same bank where they have their checking account, make view sure it's a high-interest one, not just 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 to 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 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: If 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 money down the line. However, this really is a friendly reminder of investing even in the event see post 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 that makes the most sense practically of time.' By not picking individual stocks and, instead, buying a low-cost fund which 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. In case you've got a blog, 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 much more on the topic, apart from affiliate marketing.

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