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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 reside in a touristy area, since you can probably make even greater than normal during the high tourist seasons. "Rental properties offer a source of passive income and the possibility of overall appreciation of the property 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 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 sponsor (62 percent globally).

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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, would 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 key is to maintain your spending rates the same and pay your balance off in full at the end of every month. It's also important to cover your invoice on time. This way, you're not paying interest or getting struck with any late penalties, 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 take your talent to Etsy or an online website, particularly if you currently have a bunch of your merchandise already made"Create your own merchandise 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 good at Just How can you monetize that talent and perhaps even build a business from it Perhaps you have experienced something extraordinary in life, and due to this, have tons of knowledge and wisdom to share...

Essentially, you bust your ass once and get paid for the remainder of your life even when you're sitting on the beach, sipping coconut rum. Keep in mind that: When you invest in your creative skills, you 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 if you write an eBook on dating or tips on how to fix your auto, once you compose, self-publish the publication, and let it go, it can sit on a site like Amazon and sell itself. Obviously, you can promote it, too, but that is another story! Some sites let you 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 that it requires, you can reap the monetary benefits.5Use a High-Interest Savings AccountAshley Batz/BustleWhile a few people today tend to use a savings account in 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 offer as few as 0.1% interest on savings, online banks tend to offer higher interest rates. By switching into an account which offers 1% interest or more, you'd be making 10 times as much by simply moving the money" 6Use A High-Yield Checking Accountmichael spring/FotoliaAlong exactly the same lines of using a high-interest savings get redirected here account, another simple way to create and have more money is by using a high-yield checking account.

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"One caveat: When you could check here it's 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. 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 cheap index fund. I think that it's the thing that makes the most sense almost of 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 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 item. Pat Flynn talks about this at length on his website, Smart Passive Income, where you can learn a whole lot more on the subject, aside from affiliate marketing.

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