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However, there are a couple of ways that you can begin earning right away almost no attempt required!Related: 16 Fun Hobbies That Can Make You Money1. Get Cash Back for Shopping You Already DoIf you already do a portion of your shopping online, you could 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 generally 1-5% 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 money back credit cards also offer sign-up bonuses. For these apps, 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 repay your credit card balance every month.

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Put 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 car sit around and depreciate( or two ) Use it to create some passive income.Rent Your Car with GetaroundWith Getaround, as an example, you can potentially make thousands of dollars each year by renting your car to others while youre not using it.

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

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

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In fact, consider yourself blessed if you earn anything at all! Fortunately, online banks have burst onto the scene with some really enticing interest rates. Greater interest more money you make off your savings.Here are just Home Page two online savings accounts thatll generate residual income:CIT Bank  I recently ditched my Bank of America account, that was actually 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 rates on their savings accounts. The majority of the online savings accounts these days are neck and neck in terms of interest rates and fees, so you cant actually go that wrong using any one of these.

In reality, the vast majority of millionaires over the past two centuries have achieved their standing, at least in part, from investing in actual estate.Related: 7 Finest Short-Term Investments for Growing Your MoneyHere are a couple of different ways that you can capitalize on investment opportunities click for info in real estate:5. Invest in crowdfunded actual estateFundrise  when you've got an additional $500 laying around, you can now invest in property by means of a Starter Portfolio out of 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 make residual income, diversification or long-term growth. Heres our full Fundrise Review.Another crowdfunding real estate platform to consider:RealtyShares That is comparable to webpage Fundrise, but the minimum investment is $5,000 so youve must add an extra zero to get started.

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

However, youll most likely still receive monthly or quarterly payments, depending on which investment opportunity you choose.6. Buy your initial investment propertyRoofstock  Investing in rental properties is one of those passive income thoughts which can be particularly intimidating, particularly when it comes to finding tenants. Roofstock lets you buy properties with as few as 20% down which already have tenants living in them.