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If you own a quality camera, making money with your photography skills is attainable through sites like Shutterstock and iStockPhoto. These websites allow you to make an account and upload your own inventory of photographs in a matter of minutes.

Individual clients and businesses can buy your stock pictures for their websites and marketing materials. Straightforward stock photographs, such as businessmen shaking hands along with even a woman riding in a vehicle, are sought after by many companies. To be most successful, youll want to upload photographs monthly to consistently grow your portfolio.

With sites like Wrapify and StickerRide, you can earn hundreds of dollars each month by simply driving around town. Youll need to put an advertisement on your car and drive a certain number of miles each month. If youre on the road for work, travel, or school, advertising allows you to make extra cash without any extra time commitment. .

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Owning property can earn you passive income for a long time to come. Once you buy a duplex, home, or apartment building as a rental property, youll earn a consistent monthly income with minimal job. Rent should pay for your mortgage, repairs, taxes, and other expenses. Youll continue to earn income by paying off your mortgage with the rent money and saving surplus rental income. .

You can manage the property yourself, click for more info which includes jobs like finding tenants, scheduling repairs, and maintaining the house, or youcan hire a property manager to take care of these responsibilities for you. In case you the manage your property, youll see additional income, but youll also have to invest more of your time. .

Turn your burning passions and daily musings into an entertaining sound show. Whether you want to discuss food, history, finance, or music, you also can record and edit episodes from the comfort of your home. Once you have a large set of listeners, you can earn money from podcast sponsorships, internet affiliate marketing, selling products or eBooks, or crowdfunding.

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Establishing residual income allows you to accumulate wealth faster, have a more flexible lifestyle and maintain a varied financial portfolio. As with any successful investment, hard work is required. With residual income, however, that function tends to be upfront. Once your revenue stream is established, the work and time involved is significantly lower than busy income sources.

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Resources: Investopedia Investopedia Lifehack CNBC Investopedia Inc Forbes  Entrepreneur Entrepreneur

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