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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 permit you to make an account and upload your inventory of photos in a matter of minutes.

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

With sites 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 allows you to make 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, house, or apartment building click for more info as a rental house, youll earn a consistent monthly income with minimal job. Rent should cover your mortgage, taxes, repairs, 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 yourself, which includes tasks like finding tenants, scheduling fixes, and maintaining the house, or youcan hire a property manager to look after these responsibilities for you. If 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 into an entertaining audio series. Whether you want to talk about food, history, finance, or audio, you can record and edit episodes in the comfort of your home. Once you've got 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 diverse financial portfolio. As with any successful investment, hard work is needed. With residual income, however, that work tends to be upfront. Once your revenue stream is set up, 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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