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However, another route to go is to get an income property only with the intention of renting it out. That is even better if you live in a touristy area, since you can probably make even greater than normal during the high tourist seasons. "Rental properties provide a source of passive income and the chance of overall appreciation of the property with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, tells Bustle.

Rental properties can supply that constant income (individuals always need a place to live) which is not directly tied into the marketplace and one cannot outlive. "In fact, according to Airbnb, women hosts are using their Airbnb income to help manage their homes more than men, especially 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, do you use money, your debit card, or even a credit card Instead, why not use a credit card charge card and make money while you store It sounds contradictory, but Goudreau elaborates.

"The crucial thing is to keep your spending charges the exact same and pay your balance off in full at the end of each month. Additionally, it is important to cover your invoice on time. That way, you're not paying interest or getting hit with any late fees, and any money back you earn is pure gain.

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Maybe you're that person who creates handmade greeting cards for friends and family. Or perhaps making candles is more your thing. Whatever the case might be, why not simply take your talent to Etsy or an online site, especially if you currently have a bunch of your product already made"Make your own products and services," financial blogger and life 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 perhaps even build a business out of 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 butt 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 own creative abilities, 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 whether you write an eBook on dating or advice on the best way to restore your auto, once you write, self-publish the book, and let it go, it can sit on a site like Amazon and promote itself. Obviously, you can promote it, also, but that is another story! Some sites allow you to keep the majority of the earnings, but others do not.

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That is a big percentage. Writing a novel is not easy, but once you invest in the time that it takes, you can reap the monetary benefits.5Use a High-Interest Savings AccountAshley Batz/BustleWhile some people tend to use a savings account at the 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, online banks tend to offer higher interest rates. By switching into an account that offers 1% interest or longer, you would be making 10 times as much by simply moving the money." 6Use A High-Yield Checking Accountmichael spring/FotoliaAlong exactly the very same lines of using a high-interest savings account, another simple way to make and have more money is by using a high-yield checking account.

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"One caveat: When it's important to you to have a convenient, 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 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 low-cost index fund. I think it's the thing which makes the most sense almost 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 take less of a risk.

Oftentimes, that person gets paid a commission when you do. If you've got a site, the exact same can happen for you. It is a win-win-win for everyone involved you, the product that you're recommending, and More about the author the person who clicks on the link to get the item. Pat Flynn talks about this at length on his website, Smart Passive Income, where you can learn a More Bonuses whole lot more on the subject, apart from affiliate marketing.

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