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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 inventory of photos in a couple of minutes.

Individual clients and businesses can purchase your stock pictures for their websites and marketing stuff. Straightforward stock photos, such as businessmen shaking hands or even a woman riding in a car, are sought after by many companies. To be most successful, youll want to upload photos monthly to consistently grow your portfolio.

With websites such as 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 push a certain number of miles every month. If youre on the road for work, travel, or school, advertising allows you to make extra cash without any additional time commitment. .

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Owning property can earn you passive income for decades to come. Once you buy a duplex, home, or apartment building as a rental house, youll earn a consistent monthly income with little job. Rent should cover 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, which includes jobs like finding tenants, scheduling repairs, and maintaining the home, or youcan hire a property manager to take care of these responsibilities for you. If you the manage your property, youll see more income, but youll learn this here now have to invest more of your time. .

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

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Establishing residual income permits you to accumulate wealth faster, have a more flexible lifestyle and maintain a diverse financial portfolio. Just like any successful investment, hard work is required. With residual income, nevertheless, that work 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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Sources: Investopedia Investopedia Lifehack CNBC Investopedia Inc Forbes  Entrepreneur Entrepreneur

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