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If you own a quality camera, then making money with your photography skills is attainable through websites like Shutterstock and iStockPhoto. These sites allow you to make an account and upload your inventory of photos in a couple of minutes.

Individual customers and businesses can buy your stock images for their sites and marketing stuff. Simple stock photos, like businessmen shaking hands along with even a woman riding in a vehicle, are desired by many companies. To be most successful, youll want to upload photos monthly to consistently increase 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 put an advertisement on your car and push a certain number of miles each month. If youre on the road for work, travel, or college, advertising allows you to make extra money without any additional time commitment. .

 

 

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Owning property can earn you passive income for decades to come. Once you buy a duplex, home, or apartment building 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 repairs, 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 everyday musings into an entertaining audio series. Whether or not you want to talk about history, food, finance, or audio, you can record and edit episodes in the comfort of your home. Once you have a large 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. Just like any successful investment, hard work is needed. With residual income, however, resource that function 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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Resources: Investopedia Investopedia Lifehack CNBC Investopedia Inc Forbes  Entrepreneur Entrepreneur

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