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

Rental properties can provide that constant income (people always need a place to live) that is not directly tied into the market and one cannot outlive. "In fact, according to Airbnb, women hosts are using their Airbnb income to assist manage their houses more so 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 cash, your debit card, or a charge card Instead, why not use a credit card charge card and earn money while you store It sounds contradictory, but Goudreau elaborates.

"The key is to keep 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 pay your invoice on time. That way, you're not paying interest or getting hit with any late fees, and any money 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 simply take your talent to Etsy or an online site, particularly if you currently have a bunch of your merchandise already made"Create your own products and services," financial blogger and life 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 Just How can you monetize that talent and possibly even build a business from it Perhaps you have experienced something extraordinary in your life, and because of this, have tons of knowledge and wisdom to share...

Essentially, you bust your ass once and get compensated for the remainder of your life even when you're sitting on the beach, sipping coconut rum. Keep in mind that: When you invest in your creative skills, you become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you are thinking maybe you're not a writer.

Also, chances are that other men and women want to know what you know. So if you write an eBook on dating or tips on how best to restore your car, once you write, self-publish the publication, and let it go, it can sit on a website like Amazon and promote itself. Obviously, you can promote it, too, but that's 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 that it requires, you can reap the monetary benefits.5Utilize a High-Interest Savings AccountAshley Batz/BustleWhile a few people today tend to use a savings account at 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 little as 0.1% interest on savings, you can try this out online banks tend to offer higher interest rates. By switching to an account which offers 1% interest or longer, you would be making 10 times as much just by moving the money." 6Use A High-Yield Checking Accountmichael spring/FotoliaAlong exactly the very same lines of using a high-interest savings account, another easy way to create and have more money is by using a high-yield checking account.

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"One caveat: my sources When it is important to you to have a convenient, nearby branch or effortless access to ATMs, your options will be restricted 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! 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 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 Related Site have a blog, the exact same 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 acquire 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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