Yes, many extra income ideas, such as the standard real estate challenge, do take some extra cash to get started. If your credit rating is low or you have very little money to play with, getting started in real estate "passive income" can be a challenge. However, there are literally thousands of opportunities all around you for generating passive income on a shoestring budget, and it's easy to find something fun to do as well!
Let time and creativity be your working capital. You can do the writing or the analysis or the research. Once you decide on a stream of passive income, it might start to produce without spending a single penny on it and you can be in profits from day one. We have had several streams of passive income start that way - books start that way, affiliate programs usually start that way, freelance article writing usually starts that way and the list goes on.
We know some teens who've made some really great extra income setting up a "pooper scooper" business in the neighborhood, and they found the tools they needed sitting idle in their garage. Find old books your neighbors don't want, either by asking outright or by paying a quarter or so per book at garage sales. "Flip" these books nation-wide by selling them for significant profits using a free Amazon reseller account. We started slow with this idea, but it worked so well we've made a fun hobby of checking out garage sales on weekends!
If these ideas intrigue you, you'll find many more passive income ideas in our best selling book Secrets to Creating Passive Income!
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