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

Rental properties can provide that constant income (individuals always need a place to live) which is not directly tied to the marketplace and one cannot outlive. "In actuality, according to Airbnb, women hosts are using their Airbnb income to help manage their houses more so than men, especially 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, would you use cash, your debit card, or even a credit card Instead, why not use a credit card charge card and make money while you store It sounds contradictory, however 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 cover your bill on time. That way, you're not paying interest or getting hit with any late fees, and any cash back you earn is pure gain.

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Perhaps you're that person who produces handmade greeting cards for friends and family. Or maybe making candles is more your thing. In any case may be, why not take your talent to Etsy or an online site, 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 tells Bustle.

Nonetheless, your individuality can never be replaced! I encourage you to explore your creative talents and skills more. What are you great at Just How can you monetize that talent and perhaps 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 knowledge 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 abilities, 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 people want to know what you know. So whether you write an eBook on dating or advice on how best to restore your car, once you compose, self-publish the publication, and let it go, it can sit on a site like Amazon and promote itself. Of course, you can promote it, also, but that is another story! Some sites allow you to keep most of the earnings, while some do not.

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That's a major percentage. Writing a book is not easy, but once you invest in the time it takes, you can reap the monetary benefits.5Use a High-Interest Savings AccountAshley Batz/BustleWhile some 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 few as 0.1% interest on savings, online banks tend to provide higher interest prices. By switching into an account that offers 1% interest or longer, you would be making 10 times as much just by moving the money" 6Use A High-Yield Checking Accountmichael spring/FotoliaAlong the 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 check it out 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 where you live. "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 of investing even if 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 low-cost index fund. I think it's the thing which 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 risk.

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

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