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But there are a couple ways you can start earning right away virtually 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 might be missing out on some simple passive income by not taking advantage of money rewards.Cash Back Credit CardsCash back credit cards provide a percentage generally 1-5percent on purchases you make.

By way of example, a card may offer 2% cash back on gas and groceries and 1% on the other purchases.Many cash back credit cards also supply sign-up bonuses. For these programs, 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 pay off your credit card balance each 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 just two options: 1) Permit your car sit around and depreciate( or two ) Use it to create some passive income.Rent Your Car Using GetaroundWith Getaround, as an example, you can potentially make thousands of dollars per year by renting your car to other people while youre not using it.

By renting your car with Getaround, you can make some (if not all) of that money back.As a Getaround automobile owner, you become dedicated parking at the best spots in town, a $50 monthly driving charge to rent anything you enjoy, 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 get started, youll need to download the app and track your driving. Once you meet the minimum qualifications, youll be notified when a campaign is offered in your area.Take your vehicle in to be wrapped, then begin earning passive income 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 very enticing interest rates. Higher interest 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 free money. And since there are no monthly charges, 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 fees, so you cant actually go that wrong using any one my latest blog post of these.

In fact, the vast majority of millionaires over the past two centuries have attained their status, at least in part, from investing in actual 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  when you have an additional $500 laying around, you can now invest in real estate 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 objectives. They have plans that produce residual income, diversification or long-term expansion. Heres our full Fundrise Review.Another crowdfunding property system to consider:RealtyShares This 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 just one of these modern REITs or keep in mind that since theyre private funds and not shares, you wont have the ability to easily liquidate your investment and access your money right away.

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