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But another route to go is to obtain an income property only with the intention of renting it out. That is 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 house with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, informs Bustle.

Rental properties can supply that constant income (people always need somewhere to live) which is not directly tied into the market and one cannot outlive. "In actuality, according to Airbnb, women hosts are using their Airbnb income to help afford their homes 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 platform. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, would you use cash, your debit card, or even a credit card Instead, why not use a cash-back charge card and earn money at the same time you shop It sounds contradictory, but Goudreau elaborates.

"The key is to maintain your spending charges the 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're not paying interest or getting hit with any late penalties, and any cash back you earn is pure gain.

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Perhaps 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, especially if you already have a bunch of your product already made"Make your own merchandise and services," financial blogger and lifestyle coach Michael Tamez informs Bustle.

Nonetheless, your individuality can never be replaced! I encourage you to explore your creative talents and abilities 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 life, and due to it, have tons of knowledge and knowledge 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. Keep in mind that: When you invest in your creative abilities, you eventually become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you're thinking maybe you are not a writer.

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

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That is a major percentage. Writing a book is not easy, but once you invest in the time that it takes, you can benefit from the monetary benefits.5Use a High-Interest Savings AccountAshley Batz/BustleWhile a few people tend to use a savings account in 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 little as read here 0.1percent interest on savings, online banks tend to provide higher interest rates. you could try here By switching into an account which 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's important to you to have a convenient, read nearby branch or easy 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. However, this is a friendly reminder of investing even in the event that you don't know anything about investing! Especially 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 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 which tracks the market, you pay less in fees and require less of a risk.

Oftentimes, that person gets paid a commission when you do. If you have a site, the exact same can happen for you. It is a win-win-win for everyone involved you, the product 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 a whole lot more on the subject, apart from affiliate marketing.

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