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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 inventory of photographs in a couple of minutes.

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

With websites 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 every month. If youre already on the road for work, traveling, or school, advertising allows you to earn extra money without any additional time commitment. .

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Owning property can earn you passive income for decades to come. Once you purchase 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 their explanation tenants, scheduling repairs, and maintaining the house, or youcan hire a property manager to look after these responsibilities for you. If you the manage your property, youll see more income, but youll have to invest more of your time. .

Turn your burning passions and everyday musings into an entertaining audio series. Whether you want to talk about food, history, finance, or music, you also can record and edit episodes from the comfort of your home. Once you've got a huge group my explanation 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 permits you to accumulate wealth faster, have a more flexible lifestyle and maintain a varied 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 set up, the work and time involved is significantly lower than active income resources.

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Resources: Investopedia Investopedia Lifehack CNBC Investopedia Inc Forbes  Entrepreneur Entrepreneur

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