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

Rental properties can provide that constant income (individuals always need somewhere 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 so than men, particularly single mothers who sponsor (62 percent globally).

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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 money, your debit card, or a charge card Instead, why not use a credit card credit card and earn money at the same time you shop It sounds contradictory, but Goudreau elaborates.

"The crucial thing is to maintain 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. That way, you are not paying interest or getting hit with any late penalties, and any money you back earn is pure gain.

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Perhaps you're that person who creates handmade greeting cards for friends and family. Or perhaps making candles is more your thing. In any case may be, why not take your talent to Etsy or an online site, especially if you already have a bunch of your merchandise already made"Create your own products and services," financial blogger and lifestyle 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 How can you monetize that talent and perhaps even build a business from it Have you experienced something extraordinary in life, and due to this, have tons of knowledge and wisdom to share...

Essentially, you bust your ass once and get paid navigate to this site for the remainder of your life even when you're sitting on the beach, sipping coconut rum. Just remember this: When you invest in your own creative skills, you eventually become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you're thinking maybe you are not a writer.

Also, chances are that other people want to know what you know. So if you write an eBook on dating or tips on the best way best to fix your car, once you write, self-publish the publication, and let it go, it can sit on a website like Amazon and promote itself. Of course, you can market it, also, but that is another story! Some sites let you keep most of the earnings, but 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.5Use 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, their website make 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 into an account that 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 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: 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. Nonetheless, this really is a friendly reminder about investing even if 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 purchase an S&P 500 low-cost index fund. I think that it's the thing which makes the most sense look at this website practically of all 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 have a site, the exact same can happen for you. It's a win-win-win for everyone involved you, the product 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 subject, aside from affiliate marketing.

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