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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 couple of minutes.

Individual customers and businesses can purchase your stock pictures for their websites and marketing stuff. Simple stock photos, like businessmen shaking hands along with a woman riding in a car, are desired by many companies. To be most successful, youll want to upload photos monthly to consistently increase your portfolio.

With sites like 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 push a certain number of miles each month. If youre on the road for work, traveling, or college, advertising allows you to make additional money 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 little work. 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 , which includes jobs like finding tenants, scheduling fixes, and maintaining the house, or youcan hire a property manager to take care of these responsibilities for you. If 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 can record and edit episodes in the try this site comfort of your property. Once you've got a large 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 needed. 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 resources.

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Sources: Investopedia Investopedia Lifehack CNBC Investopedia Inc Forbes  Entrepreneur Entrepreneur

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