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But another path to go is to get an income property just for the purpose of renting it out. This can be 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 chance of overall appreciation of this house with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, informs Bustle.

Rental properties can provide that constant income (individuals always need somewhere to live) that is not directly tied into the marketplace and one cannot outlive. "In fact, according to Airbnb, women hosts are using their Airbnb income to help manage their houses 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 stage. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, do you use money, your debit card, or a charge card Instead, why not use a cash-back credit card and earn money while you store It sounds contradictory, however 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 cover your invoice on time. That way, you're not paying interest or getting hit with any late fees, and any money back you earn is pure profit.

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Maybe you're that person who produces handmade greeting cards for friends and loved ones. Or maybe making candles is more your thing. Whatever the case may be, why not simply take your talent to Etsy or an online site, especially if you already have a bunch of your merchandise already made"Create your own merchandise 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 good at How can you monetize that talent and possibly even build a business out of it Have you experienced something extraordinary in life, and because of it, have tons of knowledge and knowledge to share...

Essentially, you bust your butt once and get paid 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 own creative abilities, 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 whether you write an eBook on dating or tips on the look at more info best way to fix your car, once you compose, 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, too, but that's another story! Some sites let you keep the majority of the earnings, while some do not.

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That is a big percentage. Writing a novel is not easy, but once you invest in the time that it requires, you can reap the monetary benefits.5Utilize a High-Interest Savings AccountAshley Batz/BustleWhile some people today 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 few as 0.1percent interest on savings, online banks tend to offer higher interest rates. By switching into an account that offers 1% interest or more, you'd be making 10 times as news 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 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 in earned money down the line. However, 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 look at this website told CNBCs On the Money,'Consistently buy an S&P 500 low-cost index fund. I think it's the thing which makes the most sense almost 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 require less of a danger.

Oftentimes, that person gets paid a commission when you do. In case you've got a site, the 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 item. Pat Flynn talks about this at length on his site, Smart Passive Income, where you can learn a whole lot more on the subject, apart from affiliate marketing.

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