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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 sites allow you to create an account and upload your own inventory of photos in a matter of minutes.

Individual customers and businesses can buy your stock pictures for their websites and marketing materials. Simple stock photographs, such as businessmen shaking hands along with a woman riding in a car, are sought after by many companies. To be successful, youll want to upload photos monthly to consistently increase your portfolio.

With websites like Wrapify and StickerRide, you can earn hundreds of dollars each month by simply 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, 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 property, 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 excess rental income. .

You can manage the property yourself, 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 click resources you the manage your property, youll see additional income, but youll have to invest more of your time. .

Turn your burning passions and daily musings into an entertaining audio series. Whether or not you want to talk about food, history, finance, or audio, you also can record and edit episodes in the comfort of your property. Once you have a huge 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 diverse financial portfolio. As with any successful investment, hard work is needed. 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 ForbesĀ  Entrepreneur Entrepreneur

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