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

Rental properties can supply that constant income (people always need somewhere to live) which is not directly tied to the market and one cannot outlive. "In actuality, according to Airbnb, women hosts are using their Airbnb income to help manage their houses more than men, particularly single mothers who sponsor (62 percent globally).

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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, would you use money, your debit card, or even a credit card Instead, why not use a cash-back charge card and make money while you store It sounds contradictory, however Goudreau elaborates.

"The key is to maintain your spending rates the exact same and also pay your balance off in full at the end of every month. Additionally, it is important to cover your invoice on time. This way, you are not paying interest or getting hit with any late penalties, and any cash you back earn is pure profit.

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Perhaps you're that person who creates handmade greeting cards for friends and loved ones. Or maybe making candles is more your thing. Whatever the case may be, why not take your talent to Etsy or an online site, particularly if you currently have a bunch of your merchandise 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 skills more. What are you great at 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 this, have tons of knowledge and wisdom to share...

Essentially, you bust your butt once and get paid for the rest of your life check my reference even when you're sitting on the beach, sipping coconut rum. Just remember this: When you invest in your own creative abilities, you 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 tips on the best way best to fix your car, once you write, self-publish the book, and let it go, it can sit on a website like Amazon and sell itself. Obviously, you can have a peek at these guys market it, also, but that is another story! Some sites let you keep the majority of the earnings, but others do not.

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That's a major percentage. Writing a book 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 little as 0.1% interest on savings, online banks tend to offer higher interest rates. By switching into an account which 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 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 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 in the event that you don't know anything about investing! Especially in cheap 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 time.' By not picking individual stocks and, instead, buying a low-cost fund which tracks the current market, you pay less in fees and take less of a danger.

Oftentimes, that person gets paid a commission when you do. If read this you have a site, 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 website, Smart Passive Income, where you can learn much more on the topic, apart from affiliate marketing.

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