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However, there are a couple ways you can start earning right away almost no attempt required!Related: 16 Fun Hobbies Which 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 simple passive income by not taking advantage of cash back rewards.Cash Back Credit CardsCash back credit cards provide a percentage generally 1-5% on purchases you make.

By way of instance, a card may offer 2% cash back on gas and groceries and 1% on all other purchases.Many cash back credit cards also offer sign-up bonuses. For these apps, youll usually need to spend a set amount within the first 60 to 90 days of opening your own account in order to qualify for the bonus.But bear in mind, these offers are only beneficial if you pay off 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 normal workday.You have two options: 1) Let your automobile sit around and depreciate( or two ) Use it to make some passive income.Rent Your Car 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 automobile using Getaround, you can make some (if not all) of the money back.As a Getaround car owner, you become dedicated parking in the best spots in town, a $50 monthly driving charge to rent whatever you like, and $1 million in primary insurance coverage.To take advantage of the passive income opportunity, youll need to create a completely free Getaround account.

According to their site, drivers can make $400+ per month.In order to begin, youll need to download the program and monitor 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 begin earning passive income with the driving you do.3.

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In fact, consider yourself lucky if you earn anything in any way! Fortunately, online banks have burst onto the scene with some really enticing interest prices. Greater interest more money you make off your savings.Here are 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 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. The majority of the online savings accounts nowadays are neck and neck in terms of interest rates and charges, so you cant actually go that wrong with any one of them.

In reality, the great majority of millionaires over the previous two centuries have attained their standing, at least in part, from investing in real estate.Related: 7 Finest 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 have an extra $500 laying around, you can now invest in property via 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 goals. 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 must bring an additional 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 just one of those modern REITs or both, keep in mind that my latest blog post since theyre private funds and not stocks, you wont have the ability to easily liquidate your investment and get your money straight away.

However, youll probably still get 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 ideas which can be particularly intimidating, especially when it comes to finding tenants. Roofstock enables you to purchase properties with as little as 20% down which already have tenants living in them.