What are the best ways to earn money while traveling around the world?

Anyone tried street busking or singing in bars?

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From small scams to ripoffs and things to be very cautious about..
Every time you travel, you not only step out of your comfort zone and learn more about the world but also about yourself - lessons that could are arguably more beneficial than any lesson taught in the classroom or from...
Beautiful pictures? Information about local customs, food, experiences? Passion and storytelling?
It can be quite difficult especially when you are going to someplace new where you don't know anybody. Any tips and suggestions on meeting new people/making new friends?