ll day you use your phone. Do you know it's possible to get paid with these passive income apps?
Yes, you can and you should!
Believe it or not:
A lot of money making apps are easy to use. Granted you won't become rich using these apps, but they offer extra income without you putting too much effort.
With these apps, you'd make money even when you're sleeping. That's the whole point of passive income streams.
You'll be surprised how easy it is to:
- Make extra income from your phone
- Invest with as little as a few cents
- Get cash back for your purchases
- and more
Ready to learn how to make money from your phone?
Passive Income Apps: 19 Apps To Use Now
Earning thousands of dollars from your phone isn't a new thing. The only thing that's new is people not really taking advantage of these money-earning passive income apps.
Here are 19 apps you need to use now.
What is it? Swagbucks is the total package when it comes to making money online. Since 2008, they have awarded $300 million to its users.
Rewards: PayPal and points are redeemable as gift cards to major retailers including Wal-Mart.
How it works: Everything you typically do on your computer can be done through the app.
You are rewarded Swagbucks (SB) for everything you do – including watching ads, shopping, playing games, using a search engine, and, one of my favorite ways to make money online, filling out surveys.
Yes, you can be paid up to $35/survey for just a few minutes of taking a survey. That's unbeatable.
Our review: Swagbucks is the “make money whatever it is that you do over the internet” juggernaut in the industry.
I have made over $1,500 using Swagbucks already – in only a few months. If I can, you can too.
Click here to start with Swagbucks for FREE and earn a $5 bonus when you sign up.
What is it? A popular savings app that analyzes your bank accounts to determine when it’s safe to save money for you.
Rewards: Dependent on your lifestyle.
How it works: Through sophisticated algorithms, Digit is capable of understanding your lifestyle and spending habits and can determine from day-to-day how much money is safe to save for you.
You tell Digit what your goals are, and it will secretly save up for it.
uses the same level of security as the military, 256-bit encryption
Our review: Digit uses the same level of security as the military, 256-bit encryption. You can trust Digit will securely track and move your money from your checking to your savings.
What is it? The company that will find the money owed to you after an online purchase from over 20 major retailers for FREE.
Rewards: Depends on the difference from the lower price and what you paid. Retailers typically refund you to your original form of payment.
How it works: Paribus searches through your emailed receipts (from participating stores), and when it discovers a price drop from your purchased price, it will issue a refund to the store on your behalf. How cool is that?
Our review: If you shop online frequently, then this passive income app is for you. No credit card is needed to sign up and is 100% free to use.
Click here to start having Paribus scan your email receipts and save some trees while in at it.
Lending Club Invest
What is it? Largest, beginner friendly Peer-to-Peer lending group. Whether you are trying to refinance or loan money, Lending Club can help you make an amount of money completely passively.
Lenders have earned an average return of 9.65% since June 2015.
Rewards: Investing in peer-to-peer lending.
…. an average return of 9.65% since June 2015
How it works: Investors all pitch in on a loan in the Lending Club marketplace.
They each receive a percentage from the interest paid on for the loan. You, however, more than likely will receive a lower interest rate compared to major banks since the loans are funded by people and not the bank.
Our review: You are more likely to get a better rate and higher approval chance than with most major banks.
Once you meet your state’s requirements to become a lender, you can then start making money by loaning it out for as little as $25.
What is it? Fundrise is a real estate crowdfunding investment platform. This is a form of income relatively new to passive income ideas.
Yes, you don't need rental properties to invest in real estate. Fundrise addresses that.
Rewards: Average rate of return is 12%.
How it works: You need a minimum investment of $500 to invest in either or both types of real estate investment trusts, one for immediate income and the other for growth.
You can track performance on your phone.
Our review: When dealing with the stock market, it can be both frightening and thrilling.
Fundrise is the easiest way for a new investor to start investing in commercial or residential real estate.
Diversify your portfolio easily from your phone and try Fundrise.
What is it? Micro-saving company like Digit, but instead of putting your money in a savings account, Acorns puts your spare change in the stock market.
Rewards: Ranges depending on your portfolio decision – conservative or aggressive. I went from cents to $2000 – a rate of 12.5% return in seven months.
That's thousands of dollars right there.
How it works: Every purchase you make, Acorns will round up to the next whole dollar. $5.64 + $0.36= $6.
The $0.36 will be put into your account, and when you reach $5 in your account, it will then be invested into your portfolio.
Our review: Acorns makes it easy for new investors to build an investment portfolio.
The app analyzes your current financial situation and recommends the type of portfolio that will work for you. You do have the option to choose how you want to invest manually.
In the long run, this could be the highest paying passive income app.
Click here to start investing with Acorns. Also, get your FREE $5 for signing up.
What is it? Since 2015, Trim has saved its users money by cutting unused subscriptions and negotiating contracts to find better deals for its users. See my review here.
Rewards: Cancelled unused subscriptions, lower rates on contracts, and automated saving.
How it works: Like Digit, Trim analyzes your accounts and determines where you can save by canceling subscriptions for you, setting aside an amount of money in your savings, and finding cash back and refunds for you.
What makes this passive income app unique is its ability to renegotiate contracts for better deals.
Our review: Talking bout passive income apps, Trim negotiated my on-contract Verizon phone bill and cut it by $16.75/month. This feature alone makes it one of the best passive income apps out.
Nielsen Computer and Mobile
What is it? For over 90 years, Nielsen has been the world’s leading provider of media and marketing information.
You might be familiar with Nielsen TV, but now Nielsen has tapped into the computer and mobile market.
Rewards: $10,000 monthly sweepstakes and more rewards for additional devices you have with Nielsen.
How it works: You install the app, and that’s it. The app runs in the background, non-invasively, gathers information about how you use your device and you are entered in the sweepstakes.
The more devices you add the app to and the longer you have them installed, the more rewards you have the potential to earn.
Our review: You have nothing to lose with this panel app and much to gain with this passive income app.
It doesn’t hurt the performance of your device, and you have the chance to make money. Definitely worth downloading.
What is it? Survey site that’s not really a survey site. It collects information from you on how you use your connected devices.
Rewards: Cash paid via PayPal
How it works: Join for free, install the app, and earn $5 per device per month up to $180 a year. You will also receive surveys emailed to you.
One member received a $200 Visa gift card for completing a survey.
Our review: My wife and I make $10 each by having this app installed on our devices.
Easy money to make for no effort and that doesn’t include the emails we receive with high paying surveys.
This is one of the highly recommended passive income apps you should install.
What is it? Ally Invest is an online dividend brokerage that allows for self-guided or robo advisor guided investment decisions.
Rewards: Dependent on your portfolio and how you choose to invest – conservative or aggressive.
How it works: You create your profile and Ally Invest walks you through how to begin investing in dividend stocks – something to help you get cash flow later on.
Ally Invest gives you the option to have your portfolio managed professionally for you, and when you feel comfortable, you can make financial decisions yourself.
Our review: The stock market can be scary for many. Understandable.
Fortunately, Ally has been a reputable business for years that can walk you through the entire investment process.
The best part is its low fees – making it easier for new investors to dabble in the stock market.
What is it? The most well-known affiliate reseller since 1998 that shares the cashback rewards with its users. Ebates has a partnership with over 2,500 online retailers.
Rewards: Cash back via PayPal or check in the mail.
How it works: You create an account with Ebates then begin shopping through its sales portal. You find a store you want to shop at, then look for categories that offer cashback.
For example, Best Buy may offer cash back on the category DVDs. When you buy a DVD, your account is credited the cash back, and you redeem the money.
Typically, most stores offer 5% cash back.
Our review: If you shop online frequently, then this app is for you. Cash back is a perfect passive income idea. You basically make money while shopping.
What is it? Cash back provider at over 500,000 locations. You read that right, 500,000.
Rewards: Cashback via PayPal, Venmo, or gift cards. Plus, $10 bonus for signing up.
How it works: Download the app and register. Select stores you shop at, find deals within that store, purchase items before the deals expire, then scan your receipt to receive cash back.
Think of Ibotta as digital coupons that you use after the purchase instead of right there at the register.
You may have to complete a survey or watch a video to unlock some of the deals.
Our review: Ibotta is a must for when you buy groceries.
Grocery bills can add up, and the best way to combat that is with an app that will help you save on stuff you were going to buy anyways.
Ibotta is a must have passive income app you should be using while you are planning your food budget.
Making passive income doesn’t have to be difficult. Passive income apps make it easier for more people to begin saving and earning more money easily.
The best parts are most of these apps are free and easy to use.
But, it’s not without a small amount of work upfront from you (not a whole lot of work). Once you become established with these apps, all that’s left to do is sit back while your money works for you.
Do you think these passive income apps will work for you? Are there any that are missing from this list?