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However, another route to go is to get an income property only with the intention of renting it out. This can be even better if you live 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 total appreciation of the 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) that is not directly tied into the market and one cannot outlive. "In fact, according to Airbnb, women hosts are using their Airbnb income to assist manage their houses 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 through the stage. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, do you use cash, your debit card, or a charge card Instead, why not use a cash-back credit card and earn money at the same time you shop It sounds contradictory, however Goudreau elaborates.

"The crucial thing is to maintain your spending rates the same and pay your balance off in full at the end of each month. It's also important to cover your invoice on time. That way, you are not paying interest or getting struck with any late penalties, and any money 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 perhaps making candles is more your thing. In any case might be, why not simply take your talent to Etsy or an online website, 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 tells 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 from it Have you experienced something extraordinary in life, and due to it, have tons of knowledge and wisdom to share...

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

Also, chances are that other men and women want to know what you know. So whether you write an eBook on dating or tips on the best way to fix 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's another story! Some sites allow you to keep the majority of the earnings, but others do not.

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That's a big percentage. Writing a book 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 today tend to use a savings account in precisely the 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 article source provide as few as 0.1percent interest on savings, online banks tend to provide higher interest rates. By switching into an account that offers 1% interest or longer, you'd be making 10 times as much just by moving the money." 6Use A High-Yield Checking Accountmichael spring/FotoliaAlong exactly the 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 limited by your geographical check my source area. "7Invest In Low-Cost Index Funds You probably already know that investing can result in earned money down the line. Nonetheless, this really is a friendly reminder about investing even in the event that you don't know anything about investing! Especially in cheap 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 that it's the thing which makes the most sense almost of time.' By not picking individual stocks and, instead, buying a low-cost fund that 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 item. Pat Flynn talks about this at length on here his site, Smart Passive Income, where you can learn a whole lot more on the topic, apart from affiliate marketing.

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