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However, another path to go is to get an income property just with the intention of renting it out. That is even better if you live in a touristy area, because you can probably make even greater than normal during the high tourist seasons. "Rental properties provide a source of passive income and the possibility 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 (people 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 assist manage their houses more than men, especially single mothers who host (62 percent globally).

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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, would you use cash, your debit card, or even a credit card Instead, why not use a credit card charge card and make money at the same time you shop It sounds contradictory, however Goudreau elaborates.

"The key is to maintain your spending rates the same and pay your balance off in full at the end of each month. It's also important to cover your bill on time. This way, you're not paying interest or getting struck with any late penalties, and any money you back earn is pure gain.

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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. Whatever the case might be, why not simply take your talent to Etsy or an online website, particularly if you currently have a bunch of your product already made"Create your own merchandise 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 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 because of it, have tons of knowledge and wisdom to share...

Essentially, you bust your butt once and get paid for the remainder of your life even when you're sitting on the beach, sipping coconut rum. Keep in mind that: When you invest in your own creative abilities, you eventually become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you are thinking maybe you are not a writer.

Additionally, chances are that other people want to know what you know. So whether you write an eBook on dating or tips on the best way best to restore your auto, once you compose, self-publish the publication, and let it go, it can sit on a site like Amazon and sell itself. Of course, 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's a big percentage. Writing a novel is not easy, but once you invest in the time that it requires, you can reap the monetary benefits.5Use a High-Interest Savings AccountAshley Batz/BustleWhile some people tend to use a savings account in 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 few as 0.1percent interest on savings, online banks tend to offer higher interest prices. By switching into an account which offers 1% interest or more, you would 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 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 easy 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. Nonetheless, this really is a friendly reminder of investing even if you don't know anything about investing! Particularly in low-cost index funds.

"As see this site legendary investor Warren Buffett recently told CNBCs On the Money,'Consistently buy an S&P 500 low-cost index fund. I think it's the thing that makes the most sense almost of 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 danger.

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

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