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But another path to go is to get an income property just for the purpose of renting it out. That is even better if you live in a touristy place, since you can probably make even more than usual during the high tourist seasons. "Rental properties offer a source of passive income and the possibility of overall appreciation of this house with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, tells Bustle.

Rental properties can provide that constant income (individuals always need somewhere to live) which is not directly tied to the marketplace and one cannot outlive. "In fact, according to Airbnb, women hosts are using their Airbnb income to assist manage their houses more than men, particularly single mothers who host (62 percent internationally ).

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And, since Airbnb launched in 2008, women Airbnb hosts have earned over $10 billion through the stage. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, would you use cash, your debit card, or a credit card Instead, why not use a cash-back credit card and make money at the same time you store 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 pay 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 profit.

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Maybe you're that person who creates handmade greeting cards for friends and loved ones. Or maybe making candles is more your thing. Whatever the 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"Make your own products and services," financial blogger and lifestyle coach Michael Tamez informs Bustle.

However, your individuality can never be replaced! I encourage you to explore your creative talents and skills more. What are you great at How can you monetize that talent and perhaps even build a business from it Have you experienced something extraordinary in life, and due to it, 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 read more 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.

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 the best way best to fix your car, once you compose, self-publish the book, and let it go, it can sit on a site like Amazon and promote itself. Of course, you can promote it, also, but that's 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 benefit from the monetary benefits.5Utilize a High-Interest Savings AccountAshley Batz/BustleWhile a few people today tend to use a savings account in precisely the exact 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 0.1percent interest on savings, online banks tend to offer higher interest rates. 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 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: When it's 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. Nonetheless, this is a friendly reminder of 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 low-cost index fund. I think that it's the thing which makes the most sense practically 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 take less of a risk.

Oftentimes, that person gets paid a commission when you do. In case you've got a blog, the exact 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 site, Smart Passive Income, where you can learn a whole lot more on the topic, apart from affiliate marketing.

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