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But another path to go is to obtain an income property just for the purpose of renting it out. That is even better if you live in a touristy area, since 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 overall appreciation of this property with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, tells Bustle.

Rental properties can supply that constant income (individuals always need somewhere to live) that is not directly tied into the market and one cannot outlive. "In actuality, according to Airbnb, women hosts are using their Airbnb income to assist manage their houses more than men, especially 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 platform. 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 charge card and make money while you store It sounds contradictory, but Goudreau elaborates.

"The key is to keep your spending rates the exact same and also pay your balance off in full at the end of every month. Additionally, it is important to pay your bill on time. This way, you are 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 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 site, especially if you currently have a bunch of your product already made"Create your own products and services," financial blogger and life 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 How can you monetize that talent and possibly even 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 next page life even when you're sitting on the beach, sipping coconut rum. Keep in mind that: When you invest in your own creative skills, you eventually become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you're thinking maybe you're not a writer.

Additionally, chances are that other men and women want to know what you know. So whether you write an eBook on dating or advice on how to restore your car, once you write, self-publish the publication, and let it go, it can a fantastic read sit on a site like Amazon and promote itself. Of course, you can market it, also, but that is another story! Some sites allow you to keep most of the earnings, while others do not.

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That's a major percentage. Writing 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 in precisely the same bank where they have their checking account, make sure it's a high-interest one, not simply a convenient one.

"While many traditional banks provide as little as 0.1% interest on savings, online banks tend to offer higher interest rates. By switching into an account which 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 the very same lines of using a high-interest savings account, another easy way to make and have more money is by using a high-yield checking account.

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"One caveat: If it is important to you to have a convenient, nearby branch or easy access to ATMs, your options will be restricted by your geographical area. "7Invest go to this web-site 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! Particularly 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 it's the thing that makes the most sense practically 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. If you have a blog, 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 acquire the product. Pat Flynn talks about this at length on his website, Smart Passive Income, where you can learn much more on the subject, aside from affiliate marketing.

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