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

By way of example, a card may offer 2% cash back on gas and groceries and 1% on all other purchases.Many money back credit cards also offer sign-up bonuses. For these programs, youll generally need to spend a set amount within the first 60 to 90 days of opening your own account in order to be eligible for the bonus.But keep in mind, these offers are only beneficial if you pay off your credit card balance each month.

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

By renting your car using Getaround, you can make some (if not all) of that money back.As a Getaround automobile owner, you get dedicated parking in the best spots in town, a $50 monthly driving charge to rent whatever you enjoy, and $1 million in primary insurance coverage.To take advantage of the passive income opportunity, youll need to create a free Getaround account.

According to their site, drivers can make $400+ each month.In order to get started, youll need to download the program and track your driving. Once you meet the minimum qualifications, youll be notified when a campaign is available in your area.Take your vehicle in to be wrapped, then begin earning passive income together with the driving you do.3.

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In reality, consider yourself lucky if you earn anything in any way! Luckily, online banks have burst onto the scene with some really enticing interest rates. Higher interest money you make off your savings.Here are two online savings accounts thatll generate residual income:CIT Bank  I recently awakened my Bank of America account, that was really charging me to hold my money, and gave CIT see this page 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 double win.Or, an alternative option:Discover  Like CIT Bank, Discover offers competitive rates 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 actually go that wrong using any one of these.

In reality, the great majority of millionaires within the past 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 few different ways you can capitalize on investment opportunities in real estate:5. Invest in crowdfunded actual estateFundrise  If you've got an additional $500 laying around, you can now invest in property via a Starter Portfolio from Fundrise.

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In Fundrises most recent performance report, their portfolio generated returns of 12.25percent .With Fundrise, you get to pick an investment plan based on your financial objectives. They have plans that produce residual income, diversification or long-term growth. Heres our complete Fundrise Review.Another crowdfunding real estate system to consider:RealtyShares That is similar to Fundrise, but the minimum investment is $5,000 so youve got to bring an extra zero to begin.

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

However, youll most likely still receive monthly or monthly payments, depending on which investment opportunity you select.6. Purchase your first investment propertyRoofstock  Investing in rental properties is one of these passive income ideas which can be extremely intimidating, particularly when it comes to finding tenants. Roofstock lets you purchase properties with as little as 20% down that currently have tenants living in them.