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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 websites allow you to create an account and upload your own inventory of photographs in a couple of minutes.

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

With sites such as Wrapify and StickerRide, you can earn hundreds of dollars every month by simply driving around town. Youll need to put an advertisement on your car and push a certain number of miles each month. If youre already on the road for work, traveling, or college, advertising allows you to earn additional money without any additional time commitment. .

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Owning property can earn you passive income for a long time to come. Once you buy a duplex, house, or apartment building as a rental property, youll earn a consistent monthly income with little job. Rent should pay for your mortgage, repairs, taxes, and other expenses. Youll continue to earn income by paying back your mortgage with the rent money and saving surplus rental income. .

You can manage the property , which includes jobs like finding tenants, scheduling repairs, and maintaining the home, or youcan hire a property manager to take care of these responsibilities for you. If you the manage your property, youll see more income, but youll also have to invest more of your time. .

Turn your burning passions Discover More and everyday musings into an entertaining sound show. Whether you want to talk about history, food, finance, or music, you also can record and edit episodes in the comfort of your property. Once you have a large set 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 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 required. With residual income, however, that work tends to be upfront. Once your revenue stream is established, the work and time involved is significantly lower than article source active income More Help resources.

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Sources: Investopedia Investopedia Lifehack CNBC Investopedia Inc Forbes  Entrepreneur Entrepreneur

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