A Biased View of Passive Income In South Korea - Passive Income Ideas

But there are a couple ways that 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 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 money rewards.Cash Back Credit CardsCash back credit cards provide a percentage typically 1-5percent on purchases you already make.

For example, a card can offer 2% cash back on gas and groceries and 1% on the other purchases.Many cash back credit cards also offer sign-up bonuses. For these programs, youll generally 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.

Passive Income Ideas In South Korea for Beginners

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) Let your automobile sit around and depreciate( or two ) Use it to make some passive income.Rent Your Car with GetaroundWith Getaround, for example, you can potentially make thousands of dollars per year by renting your automobile 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 spots in town, a $50 monthly driving charge to rent whatever you enjoy, and $1 million in main insurance coverage.To take advantage of this passive income opportunity, youll need to make a completely 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 offered in your area.Take your car in to be wrapped, then start earning passive income together with the driving you do.3.

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In reality, consider yourself lucky if you earn anything at all! Luckily, online banks have burst onto the scene with some really enticing interest prices. Greater 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, find here which was actually charging me to maintain 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 double 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, which means you cant actually go that wrong using any one of them.

In reality, the vast majority of millionaires over the previous two centuries have achieved their standing, at least in part, from investing in actual estate.Related: 7 Best Short-Term Investments for Growing Your MoneyHere are a few different methods that you can capitalize on investment opportunities in real estate:5. Invest in crowdfunded real estateFundrise  when you've got an extra $500 laying around, you can now invest in real estate by means of a Starter Portfolio from Fundrise.

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In Fundrises most recent performance report, their portfolio generated returns of 12.25%.With Fundrise, you also get to decide on 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 comparable to Fundrise, but the minimum investment is $5,000 so youve got to 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 both, 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.

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