These days, everyone is a photographer. Digital cameras and smartphones are very high quality, and people are taking more pictures than ever. So why not make extra money from the pictures you're already taking?
First, sign up for Foap. It's an online marketplace where companies like Sony and Puma look for images they can use for marketing campaigns.
On this site, it's possible to sell your photos for $10 each, with a fifty-fifty split between you and Foap, so you make $5 on every sale. This might not sound like much, but some users have reported making as much as $4,000 a year with their photos.
And best of all, if someone buys your photo, they don't get exclusive rights. That means you can sell the same image over and over again.
Also check out Twenty20, where users can buy and sell Instagram photos as stock images or to make art pieces, such as wall canvases, smartphone cases and greeting cards.
Twenty20 has the third-largest stock-image catalog in the world. It's even bigger than popular sites like Shutterstock and iStockphoto. And like the name implies, you'll earn 20 percent from sales of any of your pictures, whether they're purchased as stock images or as physical products.
Both of these apps are simple to use, and free to sign up, so why not earn a few bucks with your photos? You can make that hobby rewarding in more ways than one.
Hobbies That Can Pay Off -- Savings Experiment
If you're 30 years old, you need to set aside $448 per month for next 35 years to become a millionaire -- if you earn a reasonable 8% annualized return in a retirement account. Don't have $448 to spare -- or even $248? Maybe you do and don't realize it.
Click through our gallery as Kiplinger.com shows you how you can come up with the cash.
The average refund for the 2008 filing season so far is about $2,500. If you received an average refund and you are in the 25% federal tax bracket, you could be entitled to three extra exemptions worth $3,500 each. That would boost your take-home pay by $219 a month. A couple of reasons you might be eligible for more exemptions: becoming a new parent or buying a house.
Bring your lunch and snacks to work. Considering that the average meal at McDonald's costs $5 and Dunkin' Donuts charges $2 for a large cup of coffee, the brown-bag windfall can be substantial.
We're talking about one fewer dinner-and-a-movie night every month. That assumes you and your significant other pay the average $33 per person for a restaurant meal (according to a recent Zagat survey) and that you spend $7 per ticket, the average price at the movies (according to the Motion Picture Association of America).
The typical family spends $1,321 on out-of-pocket health expenses each year, says the U.S. Department of Health and Human Serv'ices. You can pay those costs with a flexible spending account, which lets you set aside pretax dollars.
The average consumer pays $829 annually for car insurance, according to the National Association of Insurance Commissioners. Raising your deductible from $250 to $1,000 can save you 15% or more.
Keep your car's engine tuned and tires inflated to the proper air pressure. Those minor improvements can save you up to $100 on gas each year.
The average American spends $185 annually on over-the-counter medications. Generics cost up to 40% less than their brand-name counterparts and work just as well.
What to Do Now:
Invest the found money every month in a retirement account that earns an average of 8% return over the next 35 years, and you'll have $1 million. That wasn't too hard, right? (And you even saved $3 more per month than the $448 that you needed!)