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However, another path to go is to obtain an income property just with the intention of renting it out. That can be even better if you reside in a touristy area, because you can probably make even more than normal during the high tourist seasons. "Rental properties provide a source of passive income and the chance of overall appreciation of the property with tax advantages," Lou Cannataro, partner at Cannataro Park Avenue Financial, tells Bustle.

Rental properties can supply that constant income (people always need somewhere 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 help manage their homes more so 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 money, your debit card, or a charge card Instead, why not use a credit card charge card and earn money at the same time you store It sounds contradictory, however Goudreau elaborates.

"The key is to maintain your spending charges the same and pay your balance off in full at the end of every month. It's also important to cover your bill on time. This way, you are not paying interest or getting hit with any late penalties, 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 family. Or maybe making candles is more your thing. Whatever the case may be, why not simply take your talent to Etsy or an online site, especially if you already have a bunch of your merchandise already made"Make your own products and services," financial blogger and life 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 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 this, have tons of knowledge and wisdom to share...

Essentially, you bust your butt once and get paid for the rest 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 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 if you write an eBook on dating or tips on the best way best to fix your auto, once you write, self-publish the book, and let it go, it can sit on a website like Amazon and sell itself. Obviously, you can market it, too, 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 view it now is a major percentage. Writing a novel is not easy, but once you invest in the time that directory it requires, you can benefit from the monetary benefits.5Use a High-Interest Savings AccountAshley Batz/BustleWhile a few people 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 simply a convenient one.

"While many traditional banks provide as few as 0.1percent interest on savings, online banks tend to provide higher interest rates. By switching to an account which 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 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 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 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 about investing even in the event that you don't know anything about investing! Especially in cheap index funds.

"As legendary investor Warren Buffett recently told CNBCs On the Money,'Consistently purchase an S&P 500 low-cost 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 that tracks the 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've got a blog, the same can happen for you. It's 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 about this at length on his site, Smart Passive Income, where you can learn a whole lot more on the topic, aside from affiliate marketing.

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