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But another path to go is to get an income property only with the intention of renting it out. This can be even better if you live in a touristy place, since you can probably make even greater than usual during the high tourist seasons. "Rental properties provide a source of passive income and the possibility of total 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 to the market and one cannot outlive. "In fact, according to Airbnb, women hosts are using their Airbnb income to help manage their homes 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 stage. 2Use A Cash-Back Credit Cardchikamilan/FotoliaWhen you go shopping, would you use cash, your debit card, or a charge card Instead, why not use a cash-back credit card and make money at the same time you store It sounds contradictory, but Goudreau elaborates.

"The key is to maintain your spending charges the same and also pay your balance off in full at the end of each month. Additionally, it is important to cover your invoice on time. That way, you're not paying interest or getting struck with any late penalties, and any money 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 simply take your talent to Etsy or an online website, particularly if you already have a bunch of your merchandise already made"Create your own merchandise 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 skills more. What are you good at Just How can you monetize that talent and possibly even build a business out of it Have you experienced something extraordinary in life, and because of this, 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. Just remember this: When you invest in your creative skills, you become irreplaceable!" 4Write An eBookHannah Burton/BustleOK, I know what you're thinking maybe you're 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 write, self-publish the book, and let it go, it can see sit on a website like Amazon and promote itself. Obviously, you can promote it, also, but that's another story! Some sites allow you to keep the majority of the earnings, while 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 takes, 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 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 provide higher interest rates. By switching to an account that offers 1% interest or longer, you'd 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 create 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 effortless Our site access to ATMs, your options will be restricted by your geographical area. "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 cheap index fund. I think it's the thing which makes the most sense almost 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 danger.

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

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