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But another path to go is to get an income property just for the purpose of renting it out. That can be even better if you live in a touristy area, because you can probably make even greater than normal during the high tourist seasons. "Rental properties offer 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 a place to live) which is not directly tied into the marketplace and one cannot outlive. "In fact, according to Airbnb, women hosts are using their Airbnb income to assist afford their houses more so than men, especially 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 credit card Instead, why not use a credit card credit card and make money while you store It sounds contradictory, but Goudreau elaborates.

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

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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. Whatever the case may be, why not simply 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 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 How can you monetize that talent and perhaps even build a business out of it Have you 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 rest of your life even when you're sitting on the beach, sipping coconut rum. Just remember that: 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 to restore your auto, once you write, self-publish the publication, and let it go, it can sit on a site like Amazon and promote itself. Obviously, you can market it, too, 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.5Utilize a High-Interest Savings AccountAshley Batz/BustleWhile some people tend to use a savings account at precisely the exact 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 offer as few as 0.1percent interest on savings, online banks tend to provide higher interest rates. 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 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: If 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 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 purchase an S&P 500 cheap index fund. I think it's the thing which makes the most sense practically of all time.' By not you can try here picking individual stocks and, instead, buying a low-cost fund that tracks the market, you pay less in fees and take less of a danger.

Oftentimes, that person gets paid a commission when you do. In case you've got a site, the exact same click here for more info can happen for you. It is 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 much more on the subject, aside from affiliate marketing.

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