11 Ways to Generate Passive Income (Without Driving Anywhere)

Dreaming of boosting your income without getting a second job or even leaving your house?

Passive income can work for you while you're cooking dinner, taking a shower, or working at your main job. Adding multiple streams of income that are (mostly) hands-off can help you bulk up your bank account.

Let's explore several different ways for you to create income streams from the comfort of your own home.

If you're saving up for a big purchase like a car or house, why not move the balance to a high-yield savings account and put your money to work?

Switching your cash to one of the top high-yield savings accounts is a smart way to earn compound interest. Most of these accounts have no or low minimum balance requirements.

CDs are available for a variety of term lengths, usually with at least a 3-month minimum. The longer you leave the money, the more interest you will earn.

There may be minimum deposits needed of around $500-$1,000 for this passive income strategy.

Peer-to-peer lending allows you to lend money directly to individuals or small businesses. You then earn money on the interest while the borrower is repaying their loan to you.

This type of lending may allow you to receive higher-than-average returns.

You can skip the hefty upfront cost by using real estate crowdfunding platforms like Fundrise or Crowdstreet. These platforms pool money from multiple parties to fund real estate projects.

Investors make money when these projects turn a profit, though profits are not guaranteed.

With an audience of 2.7 billion people, YouTube offers creators a gateway to passive income.

Building a loyal audience can take some time, but once you do, you can monetize your content through ads, brand partnerships, and even sell your own products.

Print-on-demand services like Printify or Printful, work by creating, packaging, and shipping custom items after a customer makes a purchase.

Using free design software like Canva, you can create digital art or graphics to put on t-shirts, tote bags, mugs, and more.

Car marketplaces like Turo and Getaround allow you to rent your car when you're not using it. These platforms even offer key-free exchanges so you don't have to meet your renters face-to-face.

Using sites like Stow It or Neighbor.com, you can rent your unused space to people who need it. It's like Airbnb but for your stuff. You can rent an empty garage, shed, barn, driveway, or land. Rentals are on a month-to-month basis, but you can allow people to rent for several months to years at a time.

Sites like Rakuten and TopCashBack offer shoppers cashback credit on purchases from hundreds of online stores. Whenever you want to buy something online, you click through their affiliate links and they give you a small percentage back.

You can also make even more by choosing to redeem your credits for a gift card instead of a cash payout.

Digital products take an upfront effort to create the product. But once you create a course, ebook, or digital journal, you can sell the item over and over again.

The best digital products are ones that solve a specific problem, like a household budgeting spreadsheet or digital journal for weight loss.

You can sell your product on a marketplace like Etsy, or build your own store through Shopify and drive traffic to your site with online ads.

Pick a topic you know a lot about and write blog posts that answer specific and highly searched questions. Sites like Answer the Public can help you find highly searched terms in your niche.

You can monetize your blog through Google Adsense or affiliate links. This will take some time to build up an audience, but once the work is done, you can start collecting passive income and building wealth.

Not every stream of passive income is completely autonomous. With a little time and effort on the front end, you can set up multiple streams of income that will bring you extra cash on the back end.