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But another path to go is to obtain an income property just for the purpose of renting it out. That can be even better if you live in a touristy area, since you can probably make even more than usual during the high tourist seasons. "Rental properties provide a source of passive income and the chance of overall appreciation of this property with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, tells Bustle.

Rental properties can provide that constant income (people always need somewhere to live) which is not directly tied into the market and one cannot outlive. "In actuality, according to Airbnb, women hosts are using their Airbnb income to assist afford their homes more than men, particularly 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 throughout the platform. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, would 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, however Goudreau elaborates.

"The crucial thing is to maintain your spending charges the same and also pay your balance off in full at the end of each month. Additionally, it is important to pay your invoice on time. That way, you are not paying interest or getting struck with any late fees, and any money back you earn is pure profit.

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Maybe you're that person who produces handmade greeting cards for friends and loved ones. Or maybe making candles is more your thing. Whatever the case might be, why not take your talent to Etsy or an online website, especially if you currently have a bunch of your merchandise already made"Make your own merchandise and services," financial blogger and life coach Michael Tamez tells Bustle.

However, your individuality can never be replaced! I encourage you to explore your creative talents and abilities more. What are you great at Just How can you monetize that talent and possibly even build a business out of it Perhaps you have experienced something extraordinary in life, and due to it, have tons of knowledge and wisdom to share...

Essentially, you bust your butt once and get compensated for the remainder 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 eventually become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you're 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 official statement tips on how best to restore your car, once you compose, self-publish the book, and let it go, it can sit on a site like Amazon and promote itself. Of course, you can market it, also, but that's another story! Some sites let you 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.5Use a High-Interest Savings AccountAshley Batz/BustleWhile a few people today tend to use a home savings account at the same bank where they have their checking account, make sure it's a high-interest one, not simply a convenient one.

"While many traditional banks Recommended Site offer as little as 0.1% interest on savings, online banks tend to provide higher interest rates. By switching into an account that offers 1% interest or longer, you would be making 10 times as much by simply 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's important to you to have a convenient, nearby branch or effortless 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 purchase an S&P 500 low-cost 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 which 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 exact 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 get the product. Pat Flynn talks about this at length on his website, Smart Passive Income, where you can learn a whole lot more on the subject, apart from affiliate marketing.

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