 TITLE: How Is Passive Income Taxed? CONTENT: Ways to Earn Passive Income\n---------------------------\nIf you want to start earning passive income quickly without investing a ton of time or money, consider these opportunities:\n*   **Create an investment fund.** You can invest in stocks, bonds or both to earn passively. Before you consider this as a passive income method, however, make sure you take care of your emergency savings, retirement fund and minimal debt. If you're ready to start investing, you can use a robo-advisor, online brokerage or work with a financial advisor to open your investment account. Be mindful that returns aren't guaranteed with investment products, so you should only invest what you can afford to lose—a mistimed or unwise investment can easily wipe out your initial investment.\n*   **Sell unwanted items online.** Consider listing items you no longer want or need on online marketplaces. Some charge a small listing fee, and others let you post for free. You don't have to market the items as shoppers will come on and browse for what they want. The only action required on your part is packing and shipping (or delivering) the items once they sell.\n*   **Rent out a parking space or spare vehicle****.** Is there a high demand for parking spaces where you live? Consider renting out a space in your garage or driveway. Renting out your car when it's not in use through a mobile app, like Turo or Getaround, can earn you a few hundred dollars per month. They simplify the rental process by connecting you with potential renters. Before pursuing this opportunity, check with your insurance company first to ensure you won't be penalized or lose your coverage.\n*   **Download coupon or cash back apps.** Sites like Coupons.com and RetailMeNot can help you get coupons that save you big on groceries and household items. You can also use browser extensions from sites like Ibotta and Rakuten to earn rewards when shopping with your favorite brands.\n*   **Earn cash back from your credit card.** You can get paid for making everyday purchases with a cash back rewards credit card. If you don't have a cash back rewards credit card, use Experian CreditMatch™ to find options you may qualify for. You could also opt for a travel rewards credit card that earns you points you can redeem for things like airfare and hotel stays.\n*   **Rent out a spare bedroom in your home.** Do you have extra space in your home that you don't use often? Create a listing on Airbnb or a similar service to rent it out and streamline the payment process. You can also hire a cleaning service to tidy up the space between rentals, although this may eat into your profit.\n*   **Become an affiliate marketer.** If you already have an online platform with a large following, take advantage of affiliate marketing opportunities. You'll have to spend a little time figuring out how to promote the product or service, but you probably won't have to invest to start earning money. But be mindful that U.S. law requires you to disclose to readers that you'll earn money if they make a purchase using your affiliate link. END