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But another path to go is to get an income property just with the intention of renting it out. This is even better if you reside in a touristy place, since 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 overall appreciation of this house with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, tells Bustle.

Rental properties can supply that constant income (individuals 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 homes more than men, especially 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 a credit card Instead, why not use a cash-back charge card and earn money at the same time you store It sounds contradictory, however 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. Additionally, it is important to cover your bill on time. That way, you are not paying interest or getting struck with any late penalties, and any cash back you earn is pure gain.

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Perhaps you're that person who creates handmade greeting cards for friends and loved ones. Or perhaps making candles is more your thing. In any case may be, why not take your talent to Etsy or an online website, particularly if you already have a bunch of your merchandise already made"Make your own products 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 great at How can you monetize that talent and perhaps 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 paid for the rest of your life even when you're sitting on the beach, sipping coconut rum. Just remember this: When you invest in your own creative abilities, you eventually become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you are thinking maybe you're not 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 advice on how best to fix your auto, once you write, self-publish the publication, and let it go, it can sit on a site like Amazon and promote itself. Of course, you can promote it, also, but that's another story! Some sites let you keep the majority of the earnings, but some do not.

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That's a major 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 tend to use a savings account in 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 provide as few as 0.1% interest on savings, online banks tend to offer higher interest rates. By switching into an account that offers 1% interest or longer, you'd 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 great post to read 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. Nonetheless, this really is a friendly reminder of investing even in the event that you don't know anything about investing! Especially 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 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 is a win-win-win for everyone involved you, the product 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 a whole lot more on the topic, apart from affiliate marketing.

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