Disclaimer: This post may contain affiliate links, meaning we get a small commission if you make a purchase through our links, at no cost to you. For more information please visit our Disclaimer Page.
Last Updated on June 5, 2022 by coffeepo
What is the best passive income app?
There are all sorts of apps and tools that can help you make money while you sleep. Here are 10 of the best passive income apps to get started with. Whether you’re looking to make a little extra cash or establish a full-blown side hustle, these apps have you covered. So check them out and get started today!
1. Acorns
Acorns is a great app for anyone who wants to get started with passive income but doesn’t have a lot of money to invest. With Acorns, you can start small and gradually grow your investment over time. The app will invest your spare change into a portfolio of ETFs, which are diversified investments that tend to perform well over the long term. And best of all, you can set up Acorns to automatically withdraw money from your checking account and invest it on a regular basis. This means that you can make passive income without even thinking about it!
2. Betterment
Betterment is another excellent option for those who want to invest in ETFs for passive income. With Betterment, you can set up automatic investments and withdrawals, and the app will do the rest. Betterment also offers a variety of other features, including goal-setting and retirement planning. And like Acorns, Betterment is a great choice for those who want to get started with passive income but don’t have a lot of money to invest.
3. Dividend Reinvestment Plans (DRIPs)
If you’re looking for a more hands-off approach to passive income, DRIPs may be right for you. With DRIPs, you can automatically reinvest your dividends into additional shares of stock. This means that you’ll gradually build up your ownership stake in a company over time, and it’s a great way to generate passive income.
4. Real Estate Investment Trusts (REITs)
REITs are another great way to earn passive income. With REITs, you can invest in a portfolio of properties without actually owning any property yourself. And best of all, REITs tend to pay high dividends, which means that you can earn a lot of money from them over time.
5. Rental Properties
If you’re willing to put in a little more work, rental properties can be a great way to generate passive income. You’ll need to find tenants and manage the property, but if you do it right, you can make a substantial amount of money every month. And best of all, you can eventually sell the property and pocket the profits.
6. Peer-to-Peer Lending
With peer-to-peer lending, you can lend money to other people and earn interest on your loans. This is a great way to earn passive income, and it’s also relatively low-risk. That said, you will need to do some due diligence before lending money to anyone. But if you choose your borrowers carefully, peer-to-peer lending can be a great way to make money without much effort.
7. Affiliate Marketing
Affiliate marketing is another great way to make passive income. With affiliate marketing, you promote products and services on your website or blog and earn commission on every sale that you generate. And best of all, you can do this without having to create your own products or services. All you need is a website or blog and some traffic, and you can start making money.
8. Sponsored Posts
If you have a popular blog or website, you can make passive income by selling sponsored posts. With sponsored posts, companies will pay you to write about their products or services. And best of all, you don’t even need to sell anything! All you need to do is write a positive review and include a link to the company’s website.
9. Google Adsense
Google Adsense is another great way to make passive income from your website or blog. With Adsense, you can place ads on your website and earn money every time someone clicks on them. And best of all, you don’t need to do anything! Google will take care of everything for you.
10. Online Courses
If you have expertise in a particular subject, you can make passive income by creating and selling online courses. With online courses, you can reach a global audience and earn money while you sleep. And best of all, you can do this without any upfront investment. All you need is a computer and an internet connection, and you can start making money.
There are endless ways to generate passive income. But these are just a few of the most popular methods. If you’re looking for more ideas, there are plenty of resources out there that can help you. And if you’re not sure where to start, just pick one of the methods above and give it a try. With a little effort, you can start generating passive income in no time.
