Are you looking for ways to earn extra cash without putting in a lot of effort? In 2024, passive income apps are a great solution! These apps allow you to make money while you sleep, travel, or just relax at home. You can use your smartphone or computer to earn money through various activities like investing, getting cash back, or renting out your stuff. Let’s explore the best passive income apps that can help you boost your earnings with minimal work!
Key Takeaways
- Passive income apps can help you earn money effortlessly while doing everyday tasks.
- You can earn cash by investing, renting out space, or getting cashback on purchases.
- Using multiple apps can help you maximize your earnings and create diverse income streams.
- Many of these apps are free to use, making it easy to get started without any upfront costs.
- Passive income is a smart way to improve your financial situation without a lot of ongoing effort.
1. Fundrise
Fundrise is a popular app for those looking to earn passive income through real estate investments. With a minimum investment of just $10, you can start building your portfolio in various income-generating properties. Here’s what you need to know:
Key Features:
- Low Minimum Investment: Start with as little as $10.
- Diverse Investment Options: Invest in:
- Hotels
- Retail spaces
- Office buildings
- Multi-family homes
- Single-family homes
- Potential Returns: Expect returns between 7.31% to 22.99%+.
How It Works:
- Invest: Choose your investment amount and type.
- Earn Dividends: Receive passive income through dividends.
- Reinvest or Withdraw: Decide whether to reinvest your dividends or withdraw them to your bank account.
Fundrise allows you to invest in real estate without the hassle of traditional property management. This means you can earn money while you sleep!
Portfolio Management:
Fundrise also offers a real estate portfolio calculator to help you visualize your investments. For example, a balanced portfolio might include:
- Stocks: 60%
- Bonds: 20%
- Real Estate: 20%
This tool helps you see how real estate can reduce risk and increase your overall returns. With over 419,000 clients, Fundrise is a great option for anyone interested in real estate investing without the usual barriers.
2. Arrived Homes
Arrived Homes is a unique platform that allows you to invest in rental properties with a low minimum investment of just $100. This means that almost anyone can start investing in real estate without needing a lot of money upfront. Here’s how it works:
- Investing Made Easy: You can choose from up to 7 homes available for investment at any time. Each home comes with detailed information about projected rental income and potential appreciation in value.
- Benefits of Investing:
- Passive income from rental payments.
- Tax advantages that come with real estate investments.
- Property appreciation over time, which can increase your overall returns.
- Vacation Rentals: Recently, Arrived Homes added the option to invest in vacation rentals, which can offer:
- Higher potential revenue.
- Seasonal cash flow opportunities.
- A chance to diversify your investments.
Key Features
- Quarterly Dividends: Investors receive rental income every three months without having to manage the properties themselves.
- Long-Term Investment: Typically, properties are held for 5 to 7 years before being sold, allowing for significant appreciation.
- Data-Driven Decisions: The platform uses data to help you understand when to expect the best returns on your investments.
Investing in real estate can be a great way to build wealth over time, especially with platforms like Arrived Homes that simplify the process.
In summary, Arrived Homes offers a straightforward way to invest in real estate, making it accessible for everyone. Whether you choose traditional rental properties or vacation rentals, you can enjoy the benefits of passive income and property appreciation without the hassle of managing the properties yourself.
3. M1 Finance
M1 Finance is a powerful app that helps you build wealth through smart investing. Launched in 2015, it has quickly gained popularity, managing over $5 billion in assets. One of the best features of M1 Finance is that it does not charge any broker fees or commissions, which can save you a lot of money as you invest.
Key Features
- Pies: M1 Finance allows you to create an investment portfolio called a “pie”. You can choose from over 6,000 stocks and ETFs to build your pie, or you can select from pre-made options if you prefer.
- Owner’s Rewards Card: This card lets you earn up to 10% cash back on purchases at select companies. You can reinvest your cash back into your M1 pie, helping you grow your investments.
- High Yield Savings Account: M1 also offers a savings account with competitive interest rates, allowing you to earn more on your savings.
Pros and Cons
| Pros | Cons |
|---|---|
| Full financial app with spending, saving, borrowing, and investing features | Some features can be hard to use |
| Helps you learn about your finances | Limited customer support |
| Easy to create and manage investment pies |
M1 Finance is a great tool for anyone looking to invest and grow their money over time. With its user-friendly interface and unique features, it makes investing accessible for everyone.
4. Freecash
Freecash is a fantastic app that allows you to earn extra cash effortlessly. It’s designed for anyone looking to make some real money without much hassle. Here’s how it works:
How It Works
- Sign Up: Create a free account on Freecash.
- Complete Tasks: Engage in various tasks like surveys, watching videos, or testing apps.
- Earn Rewards: Accumulate points that can be converted into cash or gift cards.
Key Features
- Cash Back: Get cash back on purchases made through the app.
- Referral Program: Invite friends and earn bonuses when they join.
- Daily Bonuses: Log in daily to claim bonuses and increase your earnings.
Potential Earnings
| Task Type | Average Earnings |
|---|---|
| Surveys | $0.50 – $5.00 |
| Watching Videos | $0.10 – $1.00 |
| Referrals | $1.00 – $10.00 |
Freecash is a great way to earn money while doing simple tasks in your spare time. You can easily make extra money without any upfront investment.
In summary, Freecash is an excellent choice for those looking to earn money without a lot of effort. With its user-friendly interface and various earning options, it’s a top pick for passive income in 2024!
RVshare is a fantastic app that allows you to rent out your RV and earn extra cash. If you have an RV that you don’t use often, this could be a great way to make money. You can earn between $100 to $300 a day by renting it out to travelers looking for a unique experience.
- Insurance Coverage: RVshare offers up to $1 million in liability insurance for your RV.
- Emergency Assistance: Renters get 24/7 roadside assistance, ensuring a smooth experience.
- Variety of RVs: You can rent out different types of RVs, including:
- Class A Motorhomes
- Travel Trailers
- Pop-ups
Potential Earnings
The amount you can earn depends on several factors:
- Size of your RV
- Condition of your RV
- Type of RV (towable vs. drivable)
You could potentially make up to $60,000 a year if you rent your RV frequently.
Renting your RV not only helps you earn money but also allows others to enjoy the great outdoors.
Pros and Cons
Pros:
- High earning potential
- Easy to use platform
- Great for RV owners looking to make extra income
Cons:
- Wear and tear on your RV
- Requires maintenance and cleaning
In summary, RVshare is a great option for RV owners who want to turn their unused vehicle into a source of income. With the right marketing and care, you can make a significant amount of money while helping others enjoy their adventures!
6. Neighbor
Neighbor is often referred to as the “Airbnb of storage”. This app allows you to earn extra money by renting out unused space in your home, such as a garage, driveway, or even a closet. Here’s how it works:
- List Your Space: Describe your available storage area and set your rental price.
- Respond to Renters: Review requests from potential renters and decide whether to accept or decline.
- Schedule Move-In: Once you approve a renter, arrange a date for them to move in their items.
Key Features of Neighbor
- Free to Sign Up: There are no start-up costs to begin earning.
- Set Your Own Prices: You have control over how much you charge for your space.
- Payout Protection: Neighbor offers a guarantee for your payments, even if the renter fails to pay.
Fees and Earnings
Neighbor charges a 4.9% processing fee plus $0.30 per reservation. However, you can potentially earn up to $15,000 a year by renting out your space. Here’s a quick overview of potential earnings:
| Type of Space | Potential Monthly Income |
|---|---|
| Garage | $100 – $300 |
| Driveway | $50 – $150 |
| Closet | $30 – $100 |
Important Note: Neighbor provides $1 million in personal liability insurance for hosts, ensuring peace of mind while renting out your space. This coverage is free and acts as a secondary insurance after your homeowner’s policy.
In summary, Neighbor is a fantastic option for anyone looking to make passive income with minimal effort. By simply utilizing your extra space, you can turn it into a source of income while helping others in your community.
7. Swagbucks
Swagbucks is a user-friendly app that offers various ways to earn extra cash. You can earn points, called SB, by completing simple tasks. Here are some popular ways to earn:
- Surveys: Share your thoughts on different topics and earn points.
- Videos: Watch short clips and get points for each one.
- Shopping: Shop online through Swagbucks and receive cash back.
- Web Browsing: Use Swagbucks as your search engine to earn points.
- Referral Program: Invite friends and earn points when they join.
How to Maximize Your Earnings
- Set Daily Goals: Swagbucks encourages you to meet daily goals for extra rewards.
- Use Swag Codes: Look for special codes on social media to earn bonus points.
- Participate in Promotions: Keep an eye out for special offers that can boost your earnings.
Pros and Cons
| Pros | Cons |
|---|---|
| Free to join | Earnings can be slow |
| Variety of tasks | Limited high-paying surveys |
| Easy to use | Some tasks may take time |
Swagbucks is a great option for anyone looking to make some extra money with little effort. You can earn between $25 to $100 monthly with consistent participation. However, keep in mind that it collects user data for its operations.
8. Acorns
Acorns is a popular app that helps you invest your spare change easily. It’s perfect for beginners who want to start investing without needing a lot of knowledge. Here’s how it works:
- Round-Up Feature: When you make a purchase, Acorns rounds up the amount to the nearest dollar and invests the difference. For example, if you buy a coffee for $2.75, it will invest $0.25 for you.
- Core Portfolios: You can choose from five pre-set portfolios that range from conservative to aggressive. This makes it simple to pick an investment style that suits you.
- Low Minimum Investment: You can start investing with just $5, making it accessible for most people.
Pros and Cons
| Pros | Cons |
|---|---|
| Easy to use for beginners | Monthly fees can be high for small accounts |
| No minimum balance to open an account | Limited customization options |
| Offers financial education tools | Lacks features like tax-loss harvesting |
Acorns is a great way to start building wealth over time. Even small amounts can add up, helping you save more money and invest for the future.
With over 11 million users, Acorns is a trusted choice for those looking to grow their finances passively. Remember, every little bit counts!
9. Rakuten
Rakuten is a well-known app that helps you earn cash back while shopping. With Rakuten, you can get rewards from over 3,500 stores, including popular names like Target, Walmart, and Macy’s. Getting started is easy: just create an account and shop through the Rakuten app or website.
How It Works
- Sign up for a free account.
- Shop at your favorite stores through the Rakuten app or website.
- Earn cash back on your purchases, which you can cash out via PayPal or check.
Benefits of Using Rakuten
- Wide selection of stores to shop from.
- Frequent bonuses that increase your cash back.
- Trustworthy service with a long history since 1999.
Drawbacks
- Some users report that the app can be slow and glitchy.
Earnings Overview
| Year | Total Cash Back Paid | Average Cash Back per User |
|---|---|---|
| 2020 | $2.2 billion | $63.50 |
Rakuten is a great way to earn money while shopping for things you already buy. It’s like getting paid to shop!
In summary, Rakuten is a fantastic option for anyone looking to make extra money through their regular shopping habits. With its extensive network of retailers and easy-to-use platform, it’s a top choice for passive income in 2024.
10. Dosh
Dosh is a fantastic app that helps you earn cashback effortlessly. By linking your credit or debit cards, you can earn money back when you shop at various stores and restaurants. Here’s how it works:
- Link your cards: Connect your credit or debit cards to the Dosh app.
- Shop normally: Make purchases at participating retailers without needing to activate any offers.
- Earn cashback: Watch your earnings grow automatically in the app.
Once you accumulate at least $15, you can cash out through Venmo or PayPal, or even donate it if you wish. Dosh partners with many well-known brands like Walmart, Disney+, and Sephora, giving you plenty of opportunities to earn.
Pros and Cons
| Pros | Cons |
|---|---|
| Dosh uses 256-bit encryption for security. | Customer service can be lacking. |
| Many retailers and restaurants are included. | Some users report app glitches. |
| Easy cash-out options available. |
Dosh makes earning cashback simple and stress-free, allowing you to get rewarded for shopping as you usually do!
11. Honeygain
Honeygain is a unique app that allows you to earn money by sharing your unused internet data. This means you can make cash without doing much! Here’s how it works:
- Install the app on your devices.
- Choose your data level and start sharing.
- Earn money based on the amount of data you share.
How Much Can You Earn?
You earn $1 for every 10 GB of data shared. Once you reach $20, you can request a payout, which goes directly to your PayPal account.
| Data Shared (GB) | Earnings ($) |
|---|---|
| 10 | 1 |
| 20 | 2 |
| 50 | 5 |
| 100 | 10 |
Pros and Cons
Pros:
- You can earn cash, not just gift cards.
- It’s easy to use; just share your data.
- The referral program lets you earn more by inviting friends.
Cons:
- Some users may be uncomfortable sharing their data.
- The app has a lower rating in the app store (2.9).
Honeygain is a great way to earn passive income if you have extra internet bandwidth. Just remember to consider your comfort level with sharing data!
12. MyConstant
MyConstant is a peer-to-peer lending platform that allows users to earn interest on their investments. This app connects borrowers with lenders, making it a great way to generate passive income. Here are some key features of MyConstant:
- High Returns: Users can earn up to 12% interest on their investments.
- Flexible Investment: You can start with as little as $50, making it accessible for many.
- User-Friendly Interface: The app is designed to be easy to navigate, even for beginners.
Benefits of Using MyConstant
- Low Minimum Investment: Start investing with just $50.
- Quick Payouts: Earnings can be withdrawn easily.
- Positive User Feedback: The app has a high rating, with many users praising its reliability.
| Feature | Description |
|---|---|
| Interest Rate | Up to 12% |
| Minimum Investment | $50 |
| User Rating | 4.5 out of 5 on Trustpilot |
MyConstant is a great option for those looking to earn passive income through lending. With its high returns and flexibility, it stands out among other apps in 2024.
In summary, MyConstant offers a unique way to earn money passively by lending to others. With its positive reviews and user-friendly design, it’s worth considering for anyone looking to boost their income.
13. Public.com
Public.com is a fantastic app for anyone interested in investing. It allows you to explore various investment options, including stocks, ETFs, and even collectibles. Here are some key points about Public.com:
Key Features:
- Wide Range of Investments: You can invest in over 9,000 different stocks and other assets.
- Financial Guidance: The app provides helpful tips to make smart investment choices.
- User-Friendly Interface: Many users appreciate the easy-to-navigate design.
Pros and Cons:
| Pros | Cons |
|---|---|
| Offers diverse investment options | Limited customer service |
| Provides financial advice | Some features can be confusing |
| Easy to use for beginners |
Public.com is a regulated broker-dealer, ensuring your investments are safe and secure. Your cash is insured up to $250,000, and securities up to $500,000.
In summary, Public.com is a great choice for those looking to invest their unused internet time wisely. Whether you’re a beginner or an experienced investor, this app can help you grow your wealth effectively.
14. TaskRabbit
TaskRabbit is a fantastic app for those looking to earn some extra cash in 2024. It connects you with people in your area who need help with various tasks, making it a great side hustle opportunity. Here’s how it works:
How TaskRabbit Works
- Sign Up: Create a profile and list the services you can offer, such as cleaning, moving, or handyman work.
- Get Matched: TaskRabbit will connect you with clients who need your help.
- Complete Tasks: Once you accept a task, complete it to earn money.
Pros and Cons
| Pros | Cons |
|---|---|
| Flexible schedule | Income can vary |
| Wide range of tasks available | Requires effort and time |
| Opportunity to meet new people | Not all tasks are high-paying |
TaskRabbit is a great way to utilize your skills and make money on your own terms. Whether you’re a pro at assembling furniture or just love helping others, this app can help you turn your talents into cash.
In summary, TaskRabbit offers a unique platform for individuals to earn money by helping others with everyday tasks. With its flexible nature, it’s an excellent choice for anyone looking to boost their income in 2024. Join the community of Taskers and start earning today!
15. YouTube
YouTube is not just a platform for watching videos; it can also be a great way to earn passive income. By creating and uploading content, you can make money through ads, sponsorships, and merchandise sales. Here’s how you can get started:
Steps to Start Earning on YouTube:
- Create a Channel: Sign up and set up your YouTube channel. Choose a niche that interests you.
- Upload Content: Regularly upload videos that engage your audience. Focus on quality and consistency.
- Monetize Your Channel: Once you meet the eligibility requirements, apply for the YouTube Partner Program to start earning from ads.
Potential Earnings:
| Revenue Source | Description |
|---|---|
| Ad Revenue | Earnings from ads shown on your videos. |
| Sponsorships | Collaborations with brands for promotions. |
| Merchandise Sales | Selling your own products to fans. |
YouTube can be a powerful platform for generating passive income, especially if you create content that resonates with viewers. With dedication and creativity, you can build a channel that earns money while you sleep!
16. Etsy
Etsy is a popular platform where you can shop online for unique and handmade items. It’s not just a place to buy; you can also sell your own creations. Here’s how you can make passive income through Etsy:
How to Start Selling on Etsy
- Create an Account: Sign up for an Etsy account to get started.
- Set Up Your Shop: Choose a name for your shop and list your products.
- Market Your Products: Use social media and other platforms to promote your items.
Pros and Cons of Selling on Etsy
| Pros | Cons |
|---|---|
| Access to a large audience | Fees for listing and selling |
| Easy to set up a shop | Competition with other sellers |
| Ability to sell unique items | Time-consuming to manage orders |
Selling on Etsy can be a great way to turn your hobbies into a source of income. Just remember to keep an eye out for potential scams, as Etsy is a legitimate online marketplace but it’s important to recognize the risks involved. Always ensure safe transactions to enjoy your experience!
17. Earny
If you enjoy shopping online, Earny is a fantastic way to earn passive income. This app rewards you for shopping at your favorite stores, including major retailers like Target, Home Depot, and Best Buy. With over 5,000 partners, you can easily earn cash back while buying what you love.
How Earny Works
- Link your email: Earny scans your email receipts to track your purchases.
- Get notified: The app alerts you when prices drop on items you’ve bought, helping you save money.
- Claim refunds: If your Amazon package is late, Earny will notify you so you can request a refund.
Benefits of Using Earny
- Earn cash back: You can earn money back on your purchases, not just gift cards.
- Price drop alerts: Earny helps you find the best times to shop, especially on Amazon.
- Referral bonuses: Share links with friends to earn extra cash when they shop.
Pros and Cons
| Pros | Cons |
|---|---|
| Earns cash back from favorite retailers | Requires access to email receipts |
| Helps avoid overspending on Amazon | Some may find it invasive |
| Easy to use and track earnings | Limited to online shopping |
Earny is a great tool for anyone looking to make money online while shopping. It allows you to earn rewards effortlessly, turning your shopping habits into a source of extra income.
18. Paribus
Paribus is a unique app that helps you save money by tracking prices of items you’ve already purchased. It runs in the background, monitoring price drops and automatically filing for refunds when prices decrease. This means you can get money back without lifting a finger!
How Paribus Works
- Sign Up: Create an account and link your email to allow Paribus to scan your purchase receipts.
- Price Tracking: The app continuously checks the prices of your purchases at various retailers.
- Refund Requests: If a price drops, Paribus automatically requests a refund on your behalf.
Benefits of Using Paribus
- Automated Savings: You don’t have to remember to check prices; Paribus does it for you.
- Easy to Use: The app is user-friendly and requires minimal setup.
- No Cost: Paribus is free to use, making it a great option for anyone looking to save money.
| Feature | Description |
|---|---|
| Price Monitoring | Tracks prices of your purchases |
| Refund Automation | Files for refunds automatically |
| User-Friendly | Simple interface for easy navigation |
Paribus is a great tool for anyone who wants to save money effortlessly. By automating the refund process, it allows you to focus on other things while still benefiting from price drops.
With Paribus, you can enjoy the peace of mind that comes from knowing you’re not missing out on savings after making a purchase!
19. IPRoyal’s Pawns App
IPRoyal’s Pawns App is a unique way to earn passive income by sharing your internet connection. Imagine making money just by renting out your internet! This app allows users to monetize their unused bandwidth, making it a great option for anyone looking to make some extra cash.
How It Works
To get started with IPRoyal’s Pawns App, follow these simple steps:
- Install the app on your devices.
- Connect these devices to your internet.
- Run the Pawns App to start sharing your connection.
Earnings Potential
Your earnings can vary based on several factors, including:
- The location of your IP address (some areas may earn more).
- The uniqueness of your IP addresses (more unique addresses can lead to higher earnings).
- The speed of your internet connection (faster connections can earn more).
You can earn anywhere from $5 to $140 per month, depending on how long you run the app and your internet speed. Once you reach $5, you can easily withdraw your earnings through various methods like PayPal or gift cards.
Pros and Cons
Pros:
- Can be used worldwide.
- Simple setup and easy to use.
Cons:
- It won’t make you rich, but it’s a nice way to earn some extra cash.
The longer you keep the app running, the more you can earn. This makes it a great option for those who want to make money passively without much effort!
20. HappyNest
HappyNest is a unique app that allows you to invest in real estate with no need for large sums of money. This app is designed for those who want to grow their wealth through real estate without the hassle of managing properties directly. Here’s how it works:
How HappyNest Works
- Invest Small Amounts: You can start investing with as little as $10.
- Diversify Your Portfolio: HappyNest allows you to invest in multiple properties, spreading your risk.
- Earn Passive Income: As properties generate rental income, you receive a share based on your investment.
Benefits of Using HappyNest
- Low Entry Barrier: You don’t need a lot of money to start.
- User-Friendly Interface: The app is easy to navigate, making it accessible for everyone.
- Regular Updates: You receive updates on your investments and property performance.
| Feature | Description |
|---|---|
| Minimum Investment | $10 |
| Investment Types | Residential and commercial properties |
| Income Distribution | Monthly payouts based on rental income |
HappyNest is a great option for anyone looking to build wealth through real estate without the traditional challenges of property management. It’s perfect for beginners and seasoned investors alike!
21. Mainvest
Mainvest is a unique platform that allows you to invest in small businesses and earn passive income. This app is perfect for those looking to diversify their investment portfolio while supporting local entrepreneurs. Here’s what you need to know about Mainvest: businesses
How It Works
- Invest in Local Businesses: You can choose from various businesses seeking funding.
- Earn Returns: As these businesses grow, you earn a share of their profits.
- Low Minimum Investment: Start investing with as little as $100.
Benefits of Using Mainvest
- Support Local Entrepreneurs: Your investment helps small businesses thrive.
- Potential for High Returns: Depending on the business’s success, returns can be significant.
- Diversification: Investing in multiple businesses can reduce risk in your investment portfolio.
Important Considerations
- Risk of Loss: As with any investment, there’s a risk that the business may not succeed.
- Long-Term Commitment: Investments may take time to yield returns.
Investing in small businesses can be a rewarding experience, both financially and personally. It allows you to connect with your community while potentially earning a profit.
In summary, Mainvest offers a compelling way to earn passive income by investing in local businesses, making it a great option for those looking to diversify their investment portfolio.
Final Thoughts on Passive Income Apps
In conclusion, using passive income apps can be a smart way to earn extra cash without much effort. Whether you want to make a little extra money or build a bigger income stream, there are many options available. These apps let you earn money while doing things you already do, like shopping or investing. Remember, it might take some time to see big results, but with patience and the right choices, you can grow your income. So, explore these apps, find the ones that fit your lifestyle, and start your journey to financial freedom today!
Frequently Asked Questions
What are passive income apps?
Passive income apps are tools that help you earn money without working all the time. You might need to do some work at first, but after that, the money keeps coming in with little effort.
How can I make money with these apps?
You can make money through different ways, like taking surveys, renting out things, or getting cash back when you shop.
Are these apps free to use?
Many of these apps are free to download and use. Some may ask you to invest money upfront, while others let you earn money without spending anything.
Can I really earn money while I sleep?
Yes! That’s the idea behind passive income apps. They can earn you money even when you’re not actively using them.
How much money can I make with passive income apps?
The amount you can make varies. Some people earn a little extra cash, while others can make a full-time income depending on how much effort they put in.
Do I need special skills to use these apps?
No special skills are needed! Most of these apps are designed to be easy to use, so anyone can start earning money.
