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But another route to go is to get an income property only 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 greater than normal 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, informs Bustle.

Rental properties can supply that constant income (people always need somewhere to live) which is not directly tied into the marketplace and one cannot outlive. "In actuality, according to Airbnb, women hosts are using their Airbnb income to assist manage their homes more so than men, especially single mothers who host (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 cash, your debit card, or a charge card Instead, why not use a cash-back charge card and make money while you store It sounds contradictory, but 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 each month. Additionally, it is important to cover your invoice on time. That way, you're not paying interest or getting struck with any late penalties, and any cash back you earn is pure profit.

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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 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 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 from it Have you experienced something extraordinary in your life, and due to it, have tons of knowledge and wisdom to share...

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

Also, chances are that other men and women want to know what you know. So if you write an eBook on dating or advice on the best way to restore your auto, once you compose, self-publish the publication, and let it go, it can sit on a website like Amazon and sell itself. Of course, you can market it, also, but that's another story! Some sites allow you to keep the majority of the earnings, but some do not.

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That is a major percentage. Writing a book is not easy, but once you invest in the time that it takes, 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 little as 0.1percent interest on savings, online banks tend to offer higher interest prices. By switching to an account which 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 the 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: When it's important to you to have a convenient, nearby branch or easy 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. However, this really is a friendly reminder of investing even if 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 purchase an S&P 500 low-cost index fund. I think that it's hop over to here 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 require less of a danger.

Oftentimes, that person gets paid a commission when you do. If you have a site, 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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