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But , there are a couple ways that you can begin earning right away virtually no attempt required!Related: 16 Fun Hobbies Which Can Make You Money1. Get Cash Back for Shopping You DoIf you do a portion of your shopping online, you could be missing out on some simple passive income by not taking advantage of money back rewards.Cash Back Credit CardsCash back credit cards offer a percentage generally 1-5percent on purchases you already make.

By way of example, a card may offer 2% cash back on gas and groceries and 1% on all other purchases.Many cash back credit cards also supply sign-up bonuses. For these apps, youll usually need to spend a predetermined amount within the first 60 to 90 days of opening your account in order to be eligible for the bonus.But bear in mind, these offers are only beneficial if you repay your credit card balance every month.

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Put Your Car to Work for YouThink of how often your car sits around not being used while youre traveling, on vacation, or even during your typical workday.You have just two options: 1) Permit your car sit around and depreciate, or 2) Use it to make some passive income.Rent Your Automobile Using GetaroundWith Getaround, for instance, you can potentially make thousands of dollars per year by renting your automobile to other people while youre not using it.

By renting your car using Getaround, you can make some (if not all) of the money back.As a Getaround car owner, you become dedicated parking at the best places in town, a $50 monthly driving credit to rent whatever you like, and $1 million in main insurance coverage.To take advantage of this passive income opportunity, youll need to create a completely free Getaround account.

According to their site, drivers can earn $400+ each month.In order to begin, youll need to download the program and track your driving. Once you satisfy the minimum qualifications, youll be notified when a campaign is offered in your area.Take your car in to be wrapped, then start earning passive income with the driving you do.3.

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In reality, consider yourself lucky if you earn anything at all! Fortunately, online banks have burst onto the scene with some really enticing interest click for more info rates. Greater interest more money you make off your savings.Here are just two online savings accounts thatll generate residual income:CIT Bank  I recently ditched my Bank of America account, which was really charging me to hold my money, and gave CIT Bank a try.Now, for a 1.55% return.

Granted, Im not going to get rich off this investment, but its still free money. And since there are no monthly fees, I consider CIT Bank a dual win.Or, an alternative option:Discover  Like CIT Bank, Discover offers competitive prices on their savings accounts. Most of the online savings accounts these days are neck and neck in terms of interest rates and fees, which means you cant really go that wrong using any one of these.

In reality, the vast majority of millionaires within the previous two centuries have attained their status, at least in part, from investing in real estate.Related: 7 Best Short-Term Investments for Growing Your MoneyHere are a couple of different ways that you can capitalize on investment opportunities in real estate:5. Invest in crowdfunded real estateFundrise  If you've got an extra $500 laying around, you can now invest in real estate by means of a Starter Portfolio from Fundrise.

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In Fundrises most recent performance report, their portfolio generated returns of 12.25%.With Fundrise, you also get to pick an investment plan based on your financial goals. They have plans that produce residual income, diversification or long-term expansion. Heres our complete Fundrise Review.Another crowdfunding property system to consider:RealtyShares That is comparable to Fundrise, but the minimum investment is $5,000 so youve must bring an extra zero to get started.

Instead of relying on the performance of the entire portfolio, you can do better (or worse).Whether you opt to invest in only one of those modern REITs or both, keep in mind that since theyre private funds and not stocks, you wont be able to readily liquidate your investment and get your money right away.

However, youll probably still get monthly or monthly payments, depending on which investment opportunity you why not try this out select.6. Buy your initial investment propertyRoofstock  Investing in rental properties is one of these passive income ideas which can be particularly intimidating, particularly when it comes to finding tenants. Roofstock lets you buy properties with as few as 20% down that currently have tenants living in them.