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However, another path to go is to get an income property just for the purpose of renting it out. That can be even better if you live in a touristy place, because 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 this house with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, tells Bustle.

Rental properties can provide that constant income (people always need a place to live) that is not directly tied to the marketplace and one cannot outlive. "In actuality, according to Airbnb, women hosts are using their Airbnb income to assist manage their houses more than men, especially 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 throughout the stage. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, do you use cash, your debit card, or even a charge card Instead, why not use a credit card credit card and make money while you shop It sounds contradictory, but Goudreau elaborates.

"The crucial thing is to keep your spending rates the same and also pay your balance off in full at the end of each month. It's also important to pay your bill on time. That way, you're not paying interest or getting hit with any late penalties, and any money you back earn is pure profit.

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Perhaps you're that person who creates handmade greeting cards for friends and family. Or maybe making candles is more your thing. Whatever the case might be, why not take your talent to Etsy or an online site, especially if you currently have a bunch of your product already made"Make your own products 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 Just How can you monetize that talent and possibly even build a business from it Have you experienced something extraordinary in your life, and because of this, have tons of knowledge and knowledge to share...

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

Additionally, chances are that other men and women want to know what you know. So whether you write an eBook on dating or tips on the best way you could try these out best to fix your car, once you compose, self-publish the book, and let it go, it can sit on a website like Amazon and sell itself. Of course, you can promote it, also, but that is another story! Some sites allow you to keep most of the earnings, while others do not.

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That is a big percentage. Writing a novel is not easy, but once you invest in the time it requires, you can benefit from the monetary benefits.5Utilize a High-Interest Savings AccountAshley Batz/BustleWhile a few people tend to use a savings account in the 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 provide as few as 0.1% interest on savings, online banks tend to offer higher interest prices. By switching into an account that 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 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 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 really is a friendly reminder about investing even in the event that you don't know anything about investing! Particularly 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 it's the thing that makes the most sense almost of all time.' By not picking individual stocks and, instead, buying a low-cost fund that tracks the market, you pay less in fees and take less of a risk.

Oftentimes, that person gets paid a commission when you do. If you have a blog, the same can happen for you. It is 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 website, Smart Passive Income, where you can learn a whole lot more on the topic, aside from affiliate marketing.

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