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However, another route 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 greater than normal 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 (people always need a place to live) that is not directly tied to the marketplace and one cannot outlive. "In fact, according to Airbnb, women hosts are using their Airbnb income to help manage their homes more so than men, particularly 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 throughout the stage. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, do you use money, your debit card, or even a charge card Instead, why not use a credit card credit card and make money while you store It sounds contradictory, but Goudreau elaborates.

"The key is to maintain your spending charges the same and also pay your balance off in full at the end of every month. It's also important to cover your bill on time. That way, you are not paying interest or getting struck with any late fees, and any cash back you earn is pure profit.

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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. In any case may be, why not simply take your talent to Etsy or an online site, 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.

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 perhaps even build a business from it Have you experienced something extraordinary in life, and due to 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. Just remember that: When you invest in your creative skills, you become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I get redirected here know what you are thinking maybe you're not a writer.

Additionally, chances are that other people want to know what you know. So if you write an eBook on dating or advice on how best to fix your car, once you write, self-publish the book, and let it go, it can sit on a site like Amazon and sell itself. Obviously, you can market it, also, but that's another story! Some sites allow you to keep the majority of the earnings, but 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 that it requires, you can benefit from the monetary benefits.5Use a High-Interest Savings AccountAshley Batz/BustleWhile some people today tend to use a savings account at 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 0.1% interest on savings, online banks tend to offer higher interest prices. By switching into an account that offers 1% interest or more, you'd 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 easy way to make 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 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. However, this really is a friendly reminder of investing even if you don't know anything about investing! Particularly in cheap index funds.

"As legendary investor Warren Buffett recently told CNBCs On the Money,'Consistently purchase an S&P 500 cheap index fund. I think that it's the thing that makes the most sense practically 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's a win-win-win for everyone involved you, the product that 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 much more on the subject, apart from affiliate marketing.

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