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However, there are a couple of ways that you can begin earning right away virtually no effort 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 easy passive income by not taking advantage of cash rewards.Cash Back Credit CardsCash back credit cards offer a percentage generally 1-5percent on purchases you make.

For example, a card can offer 2% cash back on gas and groceries and 1% on all other purchases.Many money back credit cards also supply sign-up bonuses. For these programs, youll usually 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 sits 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 two ) Use it to create some passive income.Rent Your Automobile Using GetaroundWith Getaround, for instance, you can potentially make thousands of dollars per year by renting your car to other people while youre not using it.

By renting your automobile with Getaround, you can make some (if not all) of the money back.As a Getaround car owner, you get dedicated parking in the best places in town, a $50 monthly driving charge to rent anything 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 website, drivers can earn $400+ each month.In order to get started, youll need to download the app and monitor your driving. Once you satisfy the minimum qualifications, youll be notified when a campaign is available in your area.Take your vehicle in to be wrapped, then start earning passive income together with the driving right here you already do.3.

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In fact, consider yourself blessed if you earn anything at all! Luckily, online banks have this page burst onto the scene with some very enticing interest prices. Higher 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, I get 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 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 methods that you can capitalize on investment opportunities in real estate:5. Invest in crowdfunded actual estateFundrise  when you have an additional $500 laying around, you can now invest in property via a Starter Portfolio from Fundrise.

About Passive Income Ideas In South Korea

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 make residual income, diversification or long-term expansion. Heres our complete Fundrise Review.Another crowdfunding real estate platform to consider:RealtyShares This is similar to Fundrise, but the minimum investment is $5,000 so youve must add an additional zero to get started.

Instead of relying on the performance of the entire portfolio, you can 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 shares, you wont be able to readily liquidate your investment and access your money right away.

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