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Passive Income Ideas With Little Money (2024 Update): Everything You Wanted To Know!

By: Joel & Josiah
Passive Income Ideas

Are you tired of the daily grind, where your income seems fixed and tied to the hours you put in at work?

Do you dream of financial freedom, where money flows into your pockets effortlessly, giving you the flexibility to pursue your passions and dreams?

Welcome to the world of passive income—a realm of opportunity that can revolutionize your financial future. Passive income is not just a buzzword; it’s a path to liberation from the constraints of traditional employment.

Today, let’s look at 12 passive income ideas with little money and see if they work for you.

I will also share my number 1 recommendation for making passive income online.

Let’s get started.


  • Flexibility and time freedom
  • Multiple income streams
  • Potential for passive growth


  • Initial effort and investment
  • Risk and uncertainty
  • Market and regulatory changes

Why Listen To Us?

My name is Josiah, and this is my Dad, Joel.

Together, we make up the team here at Scamrisk.

If you’ll let me bother you for two minutes, I’d like to quickly explain why I’m even here writing this review.

In early 2020, I had just graduated from college & had no real career prospects.

I knew I was destined for something more, but I had no clue how I was going to make it happen.

I had this sinking feeling in my gut all the time… like the “big man upstairs” had accidentally given me the version of life where I’d be mediocre forever, instead of the one where I was, ya know – happy & fulfilled.


I had fiddled around with some different online businesses in college:

Some random MLMs, a bit of affiliate marketing, a (failed) dropshipping store or two, all the usual suspects.

Even my dad had been involved in MLMs back in the day… selling knives & other random nonsense people (probably) didn’t need.

All I really wanted was to find something that was going to actually work for me.

Maybe those things had worked for others, but for me it all turned up a fat “0” in the bank account department.

So I searched! And searched… and searched… and searched…

And eventually, I somehow stumbled upon a program that promised to help me build an income online (read about it here if you’re curious).

I didn’t really want to be “rich”.

The thought of making a reliable $5K per month & not having to worry about clocking in to a 9-to-5 ever again was all I needed.

Sure, there were people in the program doing high-6 and low-7 figures per year… but that wasn’t what I was out for.

I just wanted to provide freedom for myself, and if I was lucky, take my family along for the ride.

Fast forward a few days and a few phone calls & I was enrolled!

Here’s the first “money making website” I put up:

I built that site in 2020, and it still makes me $1,500 per month. It’s a basic 5 page website I built based on a template the program provides.

The best part to me? My dad and I get to do it all together!

So between the:

  1. Ease of reaching $5-$10K per month in income online
  2. Straightforward-ness of the system to do it
  3. Fact that I get to do it w/ my family

Is why I recommend local lead generation as my #1 business model for making money online.

Sure, it takes some work and dedication – but anyone that tells you that there’s a business out there that requires no work is selling you a lemon.

I’m not saying you need to sign up for the same program I did, but I would definitely recommend giving the business model a peek!


12 Passive Income Ideas With Little Money

Here are some passive income ideas that require little upfront investment:

  1. E-books Or Digital Products

Write and self-publish an e-book about a subject you’re familiar with, then sell it online using platforms like Amazon Kindle, Gumroad, or Etsy. Once set up, you may receive passive revenue from every transaction.

  1. Online Courses Or Tutorials

Create online courses or video lessons on sites such as Udemy or Skillshare. If you are an expert in a certain field, you may record courses once and earn money as additional people join.

  1. Affiliate Marketing

You can sign up for affiliate programs and advertise items or services on your blog, website, or social media. Every sale completed via your unique affiliate link will result in a commission for you.

Photographer Side Hustles For Women

  1. Stock Photography/Videos

If you like photography or videography, you may sell your work on stock image websites such as Shutterstock or Adobe Stock. You are paid a royalty every time someone buys your picture or video.

  1. Invest in Dividend Stocks

Invest in stocks that pay out regular dividends. Dividend payments will provide you with passive income as your assets develop over time.

  1. Peer-to-peer Lending

You may lend money to people or small companies using internet platforms and earn interest on your loans.

  1. Real Estate Crowdfunding

Invest in real estate using crowdfunding platforms. You may pool your funds with other investors to purchase homes, and you will earn a portion of the rental income and possible profits.

What Is Crowdfunding

  1. Create A Mobile App Or Software

Create a mobile app or software that solves a problem or adds value to consumers. App purchases, in-app advertising, and subscription models may all be used to create passive revenue.

  1. Print-on-Demand Products

Using print-on-demand services, you may create and sell bespoke products such as T-shirts, mugs, or phone cases. You don’t have to worry about inventory or delivery since the platform handles everything for you.

  1. Automated Dropshipping

Create an e-commerce site that utilizes dropshipping to sell items from vendors without keeping inventory. When a client places an order, the provider distributes the goods straight to them.

  1. High-Yield Savings Accounts

While not a standard passive income stream, a high-yield savings account may give some passive profits on your money with minimum risk.


  1. Create A YouTube Channel

Create videos on a certain niche or subject that interests you, then monetize your channel with adverts and sponsorships after you’ve amassed a sizable following.

Note: Remember that although some ideas like real estate investment trust might create passive income, they may still need work and time to set up and manage.

Furthermore, be careful and do a comprehensive study before investing in any opportunity to guarantee its legality and potential for profits.

What Is Passive Income?

passive income

Passive income is a form of regular earnings that doesn’t require active involvement in an employer or job. It is distinct from active income, which is earned by exchanging services for money.

A useful analogy for understanding passive income is comparing it to rent versus wages.

Once you’ve made the upfront investment of time, money, and energy, passive income requires minimal effort to maintain. It essentially means getting paid for owning assets.

Passive income can even generate additional money through concepts like compound interest on investments.

By exploring the best passive income ideas, such as investing in real estate investment trusts (REITs) and mutual funds, you can generate passive income and achieve a steady cash flow, allowing you to earn passive income effortlessly.

What Passive Income Is Not?

not passive income

On the other hand, passive income is not related to traditional employment or work that doesn’t create income-generating assets.

It doesn’t require ongoing active involvement for money to be earned. Moreover, passive income isn’t derived from investments that lack consistent returns.

How Many Passive Income Streams Should You Have?

Best Business Model For Passive Income

Regarding the number of income streams you should have, it depends on your specific goals and available resources. While you can have as many streams as you desire, consider factors like time availability and budget constraints.

If time is limited, starting with a few passive income streams might be more feasible until you can allocate more time. Similarly, if your budget is restricted, beginning with smaller ventures and gradually expanding can be a sensible approach.

While establishing regular passive income initially requires effort, the long-term benefits make it worthwhile.

When choosing which passive income stream to pursue, assess the amount of time and money you can invest currently. As your income grows, seeking guidance from a financial advisor can help you effectively manage your finances.

Frequently Asked Questions (FAQs):

FAQ Frequently Asked Questions

  1. Can I make passive income with no money?Generating passive income with no money is possible, but it may demand greater dedication and effort to achieve substantial returns.
  2. How do I minimize my taxes on passive income?To reduce taxable income, you can claim relevant expenses invested in developing passive income sources, such as qualifying business expenses.

    Additionally, directing some of the earnings into tax-sheltered accounts like a traditional or SEP IRA can be beneficial. Always ensure your tax strategies are legal and compliant with regulations.

What Is My Top Recommendation For Making Money Online In 2024?

Digital Real Estate

Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.

While there may be no “perfect business,” the research IS conclusive:

Digital Real Estate is the #1 online business model for those just starting out.

Whether you’ve never made a dollar online or been in this space for a while but never really “made it,” Digital Real Estate is for you.


1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full-time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.

And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.

Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.

This is only possible if you have an income stream that’s not tied to your time.


2) You Own & Control EVERYTHING: With of these business models, you don’t really own anything. You have no control over the quality of products. You don’t even own your “business”.

Look at the fine print for most of the agreements folks sign when they join one of these companies. At any point, the company can change your commission structure, reduce your profit margins, or kick you out entirely.

With Digital Real Estate, you own the assets, which means you have all the power and all the control.


3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.

Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.

Scott Lead Gen

5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple of keystrokes, and a single phone call (and you don’t actually need the phone call).

Remember: each Digital Rental Property is worth $500 to $2,000 monthly in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.

Because you have more knowledge, more experience, more results, and more momentum.

If you wanted to double your income with Passive Income Ideas, you’d probably need to double the number of hours you spend working. Because, again, this program doesn’t scale.

Done Deal

6) Make Money Helping Real People: With Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:

Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.

You make money by helping them make money.

Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.

Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.


Now, the choice is yours. You could continue browsing, looking at opportunities like Passive Income Ideas which could one day make you money.

You could continue researching, never making a decision.

OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms, thanks to Digital Real Estate.

A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.

All while genuinely helping real people who are grateful and happy to pay for it.

If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.

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