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

Rental properties can provide that constant income (individuals always need a place to live) that is not directly tied to the marketplace and one cannot outlive. "In actuality, 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 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, do you use money, your debit card, or a credit 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 keep your spending charges the exact 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're not paying interest or getting struck with any late fees, and any money you back earn is pure profit.

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Perhaps you're that person who produces handmade greeting cards for friends and loved ones. Or maybe making candles is more your thing. In any case might be, why not take your talent to Etsy or an online website, particularly if you currently have a bunch of your product already made"Make your own products 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 perhaps even build a business out of it Perhaps you have experienced something extraordinary in your life, and due to this, 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 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 if you write an eBook on dating or advice on the best way best to restore your auto, once you write, self-publish the publication, and let it go, it can sit on a website like Amazon and sell itself. Of course, you can market it, too, but that is another story! Some sites let you keep most of the earnings, while 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 it takes, you can benefit from the monetary benefits.5Use a High-Interest Savings AccountAshley Batz/BustleWhile some people today tend to use a savings account at precisely the same bank where they have their checking account, make sure it's a high-interest one, not simply a convenient view it one.

"While many traditional banks provide as little as 0.1percent 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 same lines of using a high-interest savings account, another simple way to see this website 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 easy 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! 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 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 require less of a danger.

Oftentimes, that person gets paid a commission when you do. If you have a site, the 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 get the item. Pat Flynn talks about this at length on his website, Smart Passive Income, where you can learn much more on the topic, apart from affiliate marketing.

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