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But another route to go is to get an income property just for the purpose of renting it out. That can be 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, informs Bustle.

Rental properties can supply that constant income (individuals always need a place to live) which is not directly tied into the marketplace and one cannot outlive. "In fact, according to Airbnb, women hosts are using their Airbnb income to assist manage their homes 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 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 credit card charge card and earn money while you store It sounds contradictory, but Goudreau elaborates.

"The key is to keep your spending charges the same and pay your balance off in full at the end of each month. It's also important to pay your bill on time. That way, you're not paying interest or getting hit 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 may be, why not take your talent to Etsy or an online website, especially if you already have a bunch of your merchandise already made"Create your own products and services," financial blogger and life 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 good at Just How can you monetize that talent and possibly 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 paid 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 own creative skills, you eventually become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you're 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 the best way to restore your car, once you compose, self-publish the book, and let it go, it can sit on a website like Amazon and sell itself. Of course, you can promote it, also, but that's another story! Some sites let you keep most of the earnings, but some do not.

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That is a major percentage. Writing a novel 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 some people today tend to use a savings account at 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 offer as little as 0.1percent interest on savings, online banks tend to offer higher interest rates. By switching into 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 the same lines of using a high-interest savings account, another simple way to create 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 address earned money down the line. Nonetheless, this 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 buy an S&P 500 cheap index fund. I think it's the thing that 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 take less of a risk.

Oftentimes, that person gets paid a commission when you do. In case you have a site, the exact 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 acquire the product. Pat Flynn talks about this at length on his website, Smart Passive Income, where you can learn much more on the topic, aside from affiliate marketing.

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