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But another route to go is to get an income property only for the purpose of renting it out. That can be even better if you reside in a touristy area, because you can probably make even more than usual during the high tourist seasons. "Rental properties provide a source of passive income and the possibility of total appreciation of the property 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 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 internationally ).

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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, do you use cash, your debit card, or even a charge card Instead, why not use a credit card credit card and earn money at the same time you store It sounds contradictory, however Goudreau elaborates.

"The crucial thing is to maintain your spending charges the exact same and pay your balance off in full at the end of every month. Additionally, it is important to pay your bill on time. That way, you are 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 loved ones. Or maybe 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 products 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 great at Just How can you monetize that talent and possibly even build a business from it Have you experienced something extraordinary in your life, and due to it, have tons of knowledge and wisdom to share...

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

Also, chances are that other people want to know what you know. So if you write an eBook on dating or advice on the best way best to fix your car, once you compose, self-publish the publication, and let it go, it can sit on a site like Amazon and sell itself. Of course, you can market it, too, but that's another story! Some sites let you keep the majority of the earnings, while some do not.

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That's a big percentage. Writing a novel is not easy, but once you invest in the time it requires, you can benefit from the his comment is here monetary benefits.5Use 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 just a convenient one.

"While many traditional banks provide as little as 0.1percent interest on savings, online banks tend to provide higher interest rates. By switching to an account which 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 the same lines of using a high-interest savings account, another easy way to make 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. However, this really is a friendly reminder of 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 cheap index fund. I think that it's the thing that makes the most sense almost of all time.' By not picking individual stocks and, instead, buying a low-cost fund which 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 Income, where you can learn much more on the topic, aside from affiliate marketing.

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