Our brains are wired to think that we have to go to college, get a degree, get a job and then work for our whole life, 9-5. And then you realize it is impossible to work like this your entire life.

So you want to create some income streams which can provide you income on autopilot or with little management. The real problem is where to start because all your income goes into paying rent, mortgage bills, and other things. So you are not left with much money to invest.

Here comes the question, how to create passive income with no money?

How to create passive income with no money

There are two ways to start earning passive income, first, invest money, and second, invest time. If you don’t have money to invest, you have to invest time to create passive income streams.

To create a passive income stream, you don’t need to have thousands of dollars to start. It is possible to create a stream of passive income even if you don’t have much money to invest.

I have learned one thing, invest whatever you have. And, of course, there are many ways to create passive income streams even without investing money.

How to create passive income with no money

If you are not into investing, you can start now. To create a passive income stream,

1. Rent a room in your house

It can be your best way to earn passive income. You don’t need to do anything extra, just rent your room. Many international students rent single rooms near universities, which suits the family and the students.

If you are worried and want to be more secure, you can rent it through Airbnb. This income is truly passive.

If the room rent is around the same amount you make in one week, you will add an extra 12 weeks to your year. Now, instead of 52 weeks, a year contains 64 weeks. ( I love this idea)

2. Create an online course

Creating an online course can become truly passive if you are committed to building a solid income stream. You need to invest time; as said earlier, either you have to invest time, or you have to invest money.

A good quality course will take some time to create, but once created, it can start giving you passive income.

Megan from Lovefamilyhealth is earning a good amount of money from her one course, Pinterest ninja, which has helped me set up my optimized  Pinterest profile from day one.

Many other people are earning a good amount of money from online courses. The only catch is that the course should provide value and solve a solution. Megan’s approach is excellent for Pinterest beginners and intermediates. It feels like she is holding your hand at every step of setting up your  Pinterest account.

3. Start a blog

In alignment with creating an online course, you can create a blog. It will take some time to build an audience and your blog, but once it is done and you start making some money, it can produce passive income.

Creating a blog can open up many ways to make money without investing. You can start a blog for as low as under $100. But, of course, it will be an investment of time.

Many bloggers are making a lot of money from their blogs.

You can learn how to create a blog from my free email course

4. Affiliate Marketing

Affiliate marketing can be a great way of earning money on autopilot. However, it is not that easy because it needs an audience that trusts you. Having a blog makes it easy to earn money from affiliate marketing. Though it is not necessary to have a blog, it can be done on social media platforms if you have a good following.

You can learn from this course if you want to start with affiliate marketing.

Some people make very niche-specific websites with excellent SEO and start affiliate marketing. If you have created a blog, then earning money with affiliate marketing will be much easier. However, if you are a beginner and want to learn affiliate marketing,  Michelle’s course Making Sense of Affiliate Marketing is perfect for you.

5. Earn money doing what you are already doing

This one is a great way to earn some money. If you love shopping online, you can start making money by getting some cashback, and these sites pay for referring people too.

  • Rakuten: Earlier, Ebates is a great place to get cashback on shopping.
  • Cashrewards: Another excellent site for cashback
  • Raiz invest: This micro-investing site will invest your spare change by rounding off your purchases

6. Printables

Printables can be a good source of passive income. It would help if you created a printable once, and you can start earning money. You can sell Printables on Etsy on your own Shopify store. Planners, worksheets, and posters can be created once to make money.

8. Advertise on your car

You can gain Passive income by doing nothing but driving as usual. Wrapify will wrap your car with some advertisements, and you will get paid for having that advertisement on your vehicle. This one works well if you drive in popular areas and don’t mind what your car looks like.

You have to download the Wrapify app, through which they track your mileage.

Low money investments

These types of investments will need some money investments. Say, for example, you created some passive income-generated streams from the above-listed methods.

8. Invest your spare change

This is the simplest way to start investing without investing money. Raiz is an app that rounds up your purchases and invests the spare change for you. I have accumulated around $500 since I started using it.

I am adding an extra $5 weekly to Raiz’s account, giving a return of around 4-5 % at the moderate portfolio. So you can use this method to save some money for significant investments.

You can check yourself and sign up with Acorns (Raiz)

9. Investing in index funds

Investment funds are exchange-traded investment products that let you simultaneously invest in different companies. These are great if you don’t know how to outperform the market. Index funds or ETFs invest in multiple companies and mix good and bad apples.

There are different types of index funds :

  • Vanguard Total Stock Market Index
  • Fidelity Total Stock Market index
  • Vanguard S&P 500 ETF
  • Vanguard High Dividend Yield ETF( VYM)

You can read more to get more information on different index funds.

10. Invest in crowdfunded real estate

Peerstreet is the third largest real estate crowdfunding site. It works as a middleman between the investor and the borrower.

Here the borrowers are considered professional investors who purchase the property, fix it up, ad sell it at a higher price.

Peerstreet claims to have a lower fee than other similar platforms. Also, it gives you good returns. If you feel comfortable, you can invest in this crowdfunding platform and earn passive income. It is said to provide around 5-6 % return on your money invested.

11. Sell digital products on Etsy

Etsy is a great place to sell your art and craft creations if you know how to create digital products like stickers and posters. You have to make one, and then you can earn an income in the coming time.

How to create passive income with no money

These few passive income ideas are great for people like me who are starting to build passive income streams and don’t have large amounts of money to invest.

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