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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 permit you to create an account and upload your inventory of photographs in a matter of minutes.

Individual customers and businesses can buy your stock images for their websites and marketing materials. Simple stock photographs, such as businessmen shaking hands or even a woman riding in a vehicle, are desired by many companies. To be most successful, youll want to upload photographs monthly to consistently increase your portfolio.

With sites like Wrapify and StickerRide, you can earn hundreds of dollars every month by simply 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 allows you to make additional cash without any extra time commitment. .

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

You can manage the property , which includes jobs like finding tenants, scheduling fixes, 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 more income, but youll have to invest more of your time. .

Turn your burning passions and daily musings internet into an entertaining sound series. Whether you want to talk about food, history, 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, 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. Just like any successful investment, hard work is required. With residual income, however, that function tends to be upfront. Once your revenue stream is set up, the work and address time involved is significantly lower than busy income sources.

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Resources: Investopedia Investopedia Lifehack CNBC Investopedia Inc Forbes  index Entrepreneur Entrepreneur

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