Money is a necessary tool that we use to access important almost all our daily needs and services. As we continue to age, our responsibilities increase. The increase in financial obligations results in an increased demand for money, which requires you to increase the channels through which you make money. Passive income is one of the newest channels through which you can make more money with little effort or no effort. There are different ways through which you can build passive income. These methods include investing, real estate, advertisements, and many more. Passive income benefits you in a lot of ways. When you earn passive income, you have freedom, reduces anxiety and stress, help you to meet up with your monthly expenses and utility bills, and helps you to prepare for future expenses. There are many channels through which you can generate an income passively.
The table below summarizes the task performed when you use passive income apps.
|Passive Income Apps||Task Performed|
|Fundrise||Invest in real estate.|
|Trim||Trim your utility and other expenses.|
|InboxDollar||An online survey, watching TV, shopping online, playing games, and many more.|
|Swagbucks||Playing games, watching movies, taking surveys, and many more.|
|Dosh||Purchase of goods from sales outlets registered on it.|
|Drop||Purchase of goods, travel, and many more.|
|Airbnb||Renting out of Extra room.|
|Paribus||Negotiations on purchased goods.|
|Rakuten||Purchase from online stores and companies.|
|Acorns||Round-ups on purchase.|
|Seated||Make reservations at restaurants.|
|M1 Finance||Participate in stock and exchange-traded funds (ETF).|
Today, I will be telling you the best passive income apps you can use to make money effortlessly.
Fundrise is a fantastic app that allows you to earn money through investment options. The passive income app enables you to invest in various real estate projects and cash in a certain amount of money, depending on the amount you invested. With the Fundrise app, you can invest in your desired real estate project with low fees and receive prompt updates and notifications on the progress of your investment. Fundrise has different account levels. Also, you are allowed to choose the kind of investment strategies you desire. The dividends from your investment can be reinvested into the program. The reinvestment program of Fundrise is termed "dividend reinvestment program." Through the Fundrise app, you can access all the features in the desktop version. Products available on Fundrise are accessible to both accredited and nonaccredited investors.
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If you desire to cut down your monthly budget on utility and certain subscription expenses, Trim is the best passive income app you can use. The app is a financial manager that automatically go through your costs and identify the best ways to trim them. With Trim, you can cut down expenses on essential home utility, internet, and other bills that require negotiations. The app also allows you to save some money after you signup for its services. It does not request direct payment but will just take a percentage of your savings. Hence, its functions are entirely passive.
InboxDollar is a passive income app that is designed to enable you to earn extra income by performing some simple tasks. The tasks performed by the users of InboxDollar include an online survey, watching TV, shopping online, playing games, and many more. When you signup for its services, you are rewarded with a $5 bonus. Once you accumulate your earning over a specific period, you can cash out via PayPal.
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Swagbucks is another passive income app through which you can earn extra income by performing simple tasks. With Swagbucks, you can make money by making daily tasks like playing games, watching movies, taking surveys, and many more. When you signup to earn money on the platform, you will be rewarded with a $5 signup bonus. You can also earn more money when you refer a friend through your referral link.
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If you desire to make some cash from your purchase of goods, Dosh is the app that can do that for you. The passive income app has some participating sales outlets and stores registered on its platform. When you purchase from any of the outlets or stores, you will earn a certain percentage from your purchase. To qualify for this, signup, link your credit card to the app, then shop and earn some percentage from your shopping. Dosh will also allow you to enjoy a $5 referral bonus when you refer a friend.
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Drop is another passive income platform through which you can earn some reward from their daily purchases. All you have to do on the Drop app to earn a reward is to purchase your daily needs through the platform. Then you earn some points from your purchase of goods, food, travel, and many more. When accumulated, the points can be redeemed at stores, outlets, and apps like Netflix, Amazon, Starbucks, Apple, and Uber.
If you want to make a huge amount of cash effortlessly, Airbnb is the best app to use. The passive income app allows you to earn up to $500 by placing the extra room in your home on rent. You do this by placing the room on listings on the Airbnb app. The money earned through the platform can be claimed with the use of PayPal. You can also withdraw into your bank account or invest the money into any profitable investment scheme.
If you desire to earn extra income from negotiations on goods, Paribus is the best app you can use. The passive income app helps those interested in tracking price changes on any products purchased recently to perform active monitoring and notify them of any price change. The app scans your receipts by synchronizing your emails to monitor which goods you recently purchased. Once the price becomes lower than the amount you paid, the Paribus app negotiates on your behalf. Then the price differences will be sent to you, and Paribus will help you secure a refund. With Paribus, you can also get compensations from the late delivery of your purchased goods.
Rakuten, formerly known as Ebates, is a popular app that allows you to make passive income effortlessly. Rakuten offers its users excellent cashback reward services when they make purchases from online stores and companies through its platform. It does this by connecting them with over 2500 companies and stores that make sales online and pay them up to 40% cash back rewards when they shop for goods. Users that still have Ebate app on their smartphone can also integrate into the Rakuten app easily. Rakuten also offers you a $10 bonus when you signup for its services.
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For people that love playing games to have some fun or kill boredom, Mistplay is a passive income app that provides them the opportunity to earn extra income through this activity. The Mistplay app rewards you with points when you play games. To access this privilege, you first identify new games in your mix list. Then choose games and play to accumulate points. Upon the accumulation of the points, you can redeem it to money. You can also invite friends to earn more points.
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Acorns is a fantastic passive income app that works on the principle of round-up. The passive income app combines both micro-savings and micro-investment services. When you purchase goods, the app makes a round-up of the amount you paid and transfer the amount left into your account. For instance, if you buy products worth $10.25, the app will round it up to $11. The $10.25 will be paid to the vendor while the $0.75 remaining will be transferred to your account. This money will continue to accumulate until it reaches $5. Then Acorns app will transfer the amount accrued to your Acorns Robo-advisor where the funds will be managed and invested for you.
The Seated app is an excellent passive income app that is designed to allow users to earn money by making reservations at restaurants. When you make reservations for eating, drinking, and getting refreshed in these restaurants, you receive 30% cashback and gift cards. These cash backs and gift cards can be used to finance your expenses and purchase goods from sites that accept gift cards as a method of payment.
M1 Finance is a passive income platform that allows its users to build their investment portfolio through the stock and exchange-traded funds (ETF). The app also serves as a channel through which you can buy shares and invest them into big stock companies. M1 Finance has more than 80 investment portfolios and automatic tools you can use to turn intensive jobs of investing in passive income channels.
Passive income is a way of making money with little or no effort.
You can earn income via passive means through the use of apps that allow you to carry out some simple tasks and activities.
Passive income can be earned through rewards like cash backs, gift cards, points, and many more. The earned rewards are redeemed into cash or used to purchase goods from online stores.
So, here are the passive income apps through which you can make extra income to cope with your increasing expenses. Use any of these platforms, and you will be glad you made the right decision.