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However, another path to go is to obtain an income property only for the purpose of renting it out. This is 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 offer a source of passive income and the chance of total appreciation of the property with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, tells 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 afford their houses more so than men, particularly single mothers who sponsor (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 cash, your debit card, or even a credit card Instead, why not use a cash-back charge card and earn money while 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 each month. It's also important to pay your invoice on time. That way, you're not paying interest or getting struck with any late fees, and any money you back earn is pure gain.

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Maybe you're that person who produces handmade greeting cards for friends and loved ones. Or perhaps making candles is more your thing. In any case may be, why not simply take your talent to Etsy or an online website, especially if you already have a bunch of your merchandise already made"Create your own products and services," financial blogger and lifestyle coach Michael Tamez tells Bustle.

Nonetheless, your individuality can never be replaced! I encourage you to explore your creative talents and skills more. What are you good at How can you monetize that talent and possibly even build a business from it Perhaps you have experienced something extraordinary in life, and due to this, have tons of knowledge and wisdom 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. Just remember this: When you invest in your own creative skills, you eventually become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you are 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 advice on how best to fix your auto, 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, too, but that is another story! Some sites allow you to keep the majority of the earnings, while some do not.

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That's 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.5Use a High-Interest Savings AccountAshley Batz/BustleWhile a few people tend to use a savings account at 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 offer as few as 0.1% interest on savings, online banks tend to provide higher interest prices. By switching to 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 exactly 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 is 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 that 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 current market, you pay less in fees and require less of a risk.

Oftentimes, that person gets paid a commission when you do. If you have a site, the exact same can happen for you. It's a win-win-win for everyone involved you, the product that you're recommending, and the visit site person who clicks on the link to acquire the product. Pat Flynn talks about this at length on his site, Smart Passive Income, where you can learn a whole lot more on the topic, aside from affiliate marketing.

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