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But another path to go is to obtain an income property just for the purpose of renting it out. That is even better if you live in a touristy area, 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 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 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, do you use money, your debit card, or a credit card Instead, why not use a credit card credit card and earn money at the same time you store It sounds contradictory, however Goudreau elaborates.

"The key is to maintain your spending charges the exact same and also pay your balance off in full at the end of every month. Additionally, it is important to cover your bill on time. This way, you're not paying interest or getting struck with any late penalties, and any cash you back earn is pure gain.

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

Essentially, you bust your ass once and get compensated 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 creative abilities, 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 know what you know. So if you write an eBook on dating or tips on how best to fix your auto, once you compose, self-publish the book, and let it go, it can sit on look what i found a website like Amazon and promote itself. Obviously, you can promote it, also, but that's another story! Some sites let you keep most of the earnings, but 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 that it takes, you can reap the monetary benefits.5Utilize 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 sure it's a high-interest one, not just a convenient one.

"While many traditional banks offer as little as 0.1percent interest on savings, from this source online banks tend to offer higher interest prices. By switching into an account which offers 1% interest or more, you would 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 make and have more money is by using a high-yield checking account.

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"One caveat: When it is important to you to have a convenient, nearby branch or effortless access to ATMs, your options will be limited by your geographical area. "7Invest In Low-Cost Index Funds You probably already know that investing can result in earned money down the line. Nonetheless, this is a friendly reminder about investing even if 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 low-cost index fund. I think that it's the thing that 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 that you're recommending, and the person who clicks on the link to get the item. Pat Flynn talks about this at length on his site, Smart Passive Income, where you can learn much more on the subject, aside from affiliate marketing.

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