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However, another path to go is to obtain an income property just for the purpose of renting it out. This can be even better if you reside in a touristy place, because you can probably make even greater than normal during the high tourist seasons. "Rental properties offer a source of passive income and the chance of overall appreciation of this house with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, informs Bustle.

Rental properties can supply that constant income (individuals always need a place to live) which is not directly tied to the marketplace and one cannot outlive. "In actuality, 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 through the platform. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, would you use money, your debit card, or a credit card Instead, why not use a cash-back credit card and earn money while you store It sounds contradictory, but 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 each month. Additionally, it is important to pay your bill on time. That way, you are not paying interest or getting struck with any late fees, and any money you back earn is pure profit.

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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 may be, why not simply take your talent to Etsy or an online site, especially if you currently have a bunch of your merchandise already made"Create your own merchandise and services," financial blogger and lifestyle coach Michael Tamez tells Bustle.

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

Essentially, you bust your butt 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 creative skills, you 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 if you write an eBook on dating or advice on the best way to fix 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 is another story! Some sites let you keep the majority of the earnings, but some do not.

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That's a major percentage. Writing a novel is not easy, but once you invest in the time it takes, you can reap the monetary benefits.5Use a High-Interest Savings AccountAshley Batz/BustleWhile a few people today tend to use websites a savings account at precisely the exact 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 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 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 easy way to create and have more money is by using a high-yield checking account.

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"One caveat: If it's important to you to have a convenient, nearby branch or easy access to ATMs, your options will be limited by where you live. "7Invest In Low-Cost Index Funds You probably already know that investing can result in earned money down the line. Nonetheless, this 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 buy an S&P 500 low-cost index fund. I think it's the thing that makes the most sense practically 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 danger.

Oftentimes, that person gets paid a commission when you do. In case you've got a site, the 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 topic, aside from affiliate marketing.

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