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However, another route to go is to obtain an income property just with the intention of renting it out. That is even better if you live in a touristy area, since you can probably make even more than usual during the high tourist seasons. "Rental properties offer a source of passive income and the chance of overall appreciation of the 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) that 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 manage their homes more than men, particularly 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 through the platform. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, do you use cash, your debit card, or even a credit card Instead, why not use a credit card credit card and make money while you shop It sounds contradictory, but Goudreau elaborates.

"The key is to maintain your spending rates the same and also 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 struck with any late fees, and any cash you back earn is pure profit.

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Perhaps you're that person who creates handmade greeting cards for friends and family. Or perhaps making candles is more your thing. In any case might be, why not take your talent to Etsy or an online website, especially if you currently have a bunch of your product already made"Create your own merchandise and services," financial blogger and lifestyle coach Michael Tamez informs Bustle.

Nonetheless, your individuality can never be replaced! I encourage you to explore your creative talents and skills more. What are you good at Just How can you monetize that talent and possibly even build a business out of it Have you experienced something extraordinary in life, and due to it, have tons of knowledge and wisdom 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 this: When you invest in your creative skills, 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 men and women want to know what you know. So if you write an eBook on dating or advice on how best to fix 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 most of the earnings, but some 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 benefit from the monetary benefits.5Utilize 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 just a convenient one.

"While many traditional banks offer as little as 0.1percent interest on savings, online banks tend straight from the source to provide higher interest rates. By switching into an account which 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 click to read account, another simple way to make 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 limited 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 about investing even in the event that 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 purchase an S&P 500 low-cost index fund. I think it's the thing which makes the most sense practically of all time.' By not picking individual stocks and, instead, buying a low-cost fund which 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 is a win-win-win for everyone involved click over here now you, the product that you're recommending, and the person who clicks on the link to acquire the item. Pat Flynn talks about this at length on his site, Smart Passive Income, where you can learn much more on the topic, aside from affiliate marketing.

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