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However, another route to go is to obtain an income property only with the intention of renting it out. This is even better if you live in a touristy area, because you can probably make even more than normal during the high tourist seasons. "Rental properties offer a source of passive income and the possibility of total appreciation of this house 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 to the market and one cannot outlive. "In actuality, according to Airbnb, women hosts are using their Airbnb income to help afford their homes more than men, particularly single mothers who sponsor (62 percent internationally ).

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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 even a credit card Instead, why not use a credit card credit card and earn money while you store It sounds contradictory, but Goudreau elaborates.

"The crucial thing is to keep your spending rates 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 are not paying interest or getting hit with any late fees, and any money back you earn is pure gain.

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Perhaps you're that person who creates handmade greeting cards for friends and family. Or maybe making candles is more your thing. In any case may be, why not simply take your talent to Etsy or an online website, particularly if you already have a bunch of your product already made"Create 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 good at Just How can you monetize that talent and perhaps even helpful site build a business from it Perhaps you have experienced something extraordinary in life, and because of 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. Just remember this: When you invest in your creative abilities, you become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you're thinking maybe you're 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 best to restore your auto, once you write, self-publish the book, and let it go, it can sit on a site like Amazon and sell itself. Obviously, you can promote it, also, but that is another story! Some sites allow you to keep the majority of the earnings, but some do not.

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That is a big percentage. Writing try this web-site a book 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 a few people tend to use a savings account at precisely 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 0.1percent interest on savings, online banks tend to offer higher interest prices. 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 exactly the very same lines of using a high-interest savings account, another easy way to create and have more money is by using a high-yield checking account.

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"One caveat: If 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 if 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 that 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 that tracks the market, you pay less in fees and require less of a risk.

Oftentimes, that person gets paid a commission when you do. In case you have a site, the same can happen for you. It's a win-win-win for everyone involved you, the product that 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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