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But another path to go is to get an income property only 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 usual during the high tourist seasons. "Rental properties offer a source of passive income and the chance of total appreciation of this house with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, informs Bustle.

Rental properties can provide that constant income (people always need somewhere to live) which is not directly tied into the market and one cannot outlive. "In fact, according to Airbnb, women hosts are using their Airbnb income to help afford their homes more 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 through the stage. 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 credit card credit card and make money while you shop It sounds contradictory, however Goudreau elaborates.

"The crucial thing is to maintain your spending charges the same and pay your balance off in full at the end of each month. It's also important to pay your bill on time. This way, you are not paying interest or getting hit with any late penalties, and any cash you back earn is pure profit.

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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. Whatever the case might be, why not take your talent to Etsy or an online website, particularly if you already 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 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 because of 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 this: When you invest in your creative abilities, you eventually 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 whether you write an eBook on dating or advice on the best way to fix your car, once you compose, self-publish the publication, and let it go, it can sit on a website like Amazon and promote itself. Of course, you can market it, too, but that's another story! Some sites allow you to keep most of the earnings, while some do not.

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That is a major percentage. Writing a novel is not easy, but once you invest in the time it requires, you can reap the monetary benefits.5Utilize a High-Interest Savings AccountAshley Batz/BustleWhile a few people tend to use a savings account in 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 0.1% 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 very 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: When it is important to you to have a convenient, nearby branch or effortless 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 about investing even if you don't know anything about investing! Particularly in low-cost index funds.

"As legendary investor Warren Buffett recently told CNBCs On Read Full Article 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 all time.' By not picking individual stocks and, instead, buying a low-cost fund which tracks the current market, you pay less in fees and require less of a danger.

Oftentimes, that person gets paid a commission when you do. In case you've got a site, the exact 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 a whole lot more on the subject, aside from affiliate marketing.

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