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

Rental properties can provide that constant income (individuals 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 afford their houses more than men, especially 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 through the platform. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, do you use cash, your debit card, or even a charge card Instead, why not use a credit card charge card and make money while you shop It sounds contradictory, but 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 every month. It's also important to pay your bill on time. This way, you're not paying interest or getting hit with any late penalties, and any cash you back earn is pure gain.

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Maybe you're that person who produces handmade greeting cards for friends and family. Or perhaps making candles is more your thing. In any case might be, why not take your talent to Etsy or an online website, 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 tells Bustle.

Nonetheless, your individuality can never be replaced! I encourage you to explore your creative talents and skills more. What are you great at Just How can you monetize that talent and perhaps even build a business from it Have you experienced something extraordinary in life, and because of this, have tons of knowledge and knowledge 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 that: When you invest in your own creative skills, you eventually become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you're thinking maybe you are 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 how best to restore your car, once you write, self-publish the book, and let it go, it can sit on a website like Amazon and promote itself. Of course, you can market it, also, but that's another story! Some sites allow you to keep the majority of the earnings, while others do not.

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That is 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.5Utilize a High-Interest Savings AccountAshley Batz/BustleWhile some people tend to use a savings account in he has a good point 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 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 make and have more money is by using a high-yield checking account.

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"One caveat: If it is 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. However, this is a friendly reminder about investing even in the event that you don't know anything about investing! Especially in low-cost index funds.

"As legendary visit 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 almost of 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. In case you have a blog, the same can happen for you. It's a win-win-win for everyone involved you, the product you're recommending, and the person who clicks on the link to get the product. Pat Flynn talks about this at length on his site, Smart Passive see Income, where you can learn much more on the subject, apart from affiliate marketing.

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