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

Individual clients and businesses can buy your stock pictures for their sites and marketing materials. Simple stock photographs, like businessmen shaking hands or even a woman riding in a vehicle, are sought after by many companies. To be most successful, youll want to upload photos monthly to consistently increase your portfolio.

With sites such as Wrapify and StickerRide, you can earn hundreds of dollars every month simply by driving around town. Youll need to place 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 lets you earn extra cash without any extra time commitment. .

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

You can manage the property , which includes tasks like finding tenants, scheduling repairs, and maintaining the home, or youcan hire a property manager to look after these responsibilities for you. In case you the manage the property yourself, youll see additional income, but youll have to great post to read invest more of your time. .

Turn your burning passions and daily musings into an entertaining sound series. Whether you want to talk about history, food, finance, or audio, you can record and edit episodes from the comfort of your property. Once you've got a large group of listeners, you can earn money from podcast sponsorships, affiliate marketing, selling goods 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. 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 resources.

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Sources: Investopedia Investopedia Lifehack CNBC Investopedia Inc Forbes  Entrepreneur Entrepreneur

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