Best Passive Income Apps in 2019 and How They Work

September 16, 2019
September 16, 2019 Madeleine

So, you’ve probably heard of the ability to earn passive income online. In case you haven’t or don’t actually know what it is, passive income is defined as the ability to earn income on a regular or semi-regular basis, by initiating in an action that requires relatively little to no effort from you. Sound too good to be true? Well, sometimes it is. However, did you know that you can actually download passive income apps that are not only easy to use, but actually work? We’ve scoured the internet, and dug through all of the duds so you don’t have to. We’re going to take you through the best passive income apps for 2019 and how they work, so you can get to earning some hard (okay, not so hard) earned passive income right away.

1. Shopping apps

Shopping apps can be one of the absolute best ways to earn some passive income – by earning some of the money you were already spending, back. Yes, that’s right, you can get some of the money back that you would have been spending anyway. Sound too good to be true? Surprisingly, it’s not. Ebates is one of the most used and most popular websites when it comes to receiving cashback rewards. Ebates works with over 2000 online retailers, in order to have you covered pretty much anywhere you do your online shopping. You can download Ebates as either an app on your phone, or you can add it to your Google Chrome browser as an extension, so you never forget to make your purchases without it. Ebates is incredibly simple. You sign up, you do your shopping through the Ebates app, or with your Google Chrome extension, and you get rewarded by getting a percentage back of what you spent. When it’s put that way, it’s hard to believe that anyone would not be doing it. You need to collect a minimum of $5 back in order to get paid, and can either get paid through the mail by cheque, or through PayPal. However, payouts are only given once every three months, so keep that in mind!

2. Saving apps

This is a classic example of a passive income app that requires no effort on your part, and will help you save. If you’re someone who struggles with saving money (like yours truly), and wants a way to earn money while saving, a money saving app could be right for you. These apps can work in a number of ways, but mainly run off of withdrawing a small amount out of your chequing account automatically each week, bi-weekly or monthly, and placing it in a savings account through their own app. These savings accounts will generally be high interest, or include a system where a small percentage of your money is invested, helping you to earn money off of cash that you didn’t even notice was being placed into a savings account. All of a sudden, you’ve accumulated a ton of cash that you can use towards your next vacation, and you’ve earned some additional income on top of it. Bonus! Some awesome savings apps to check out include the likes of Digit, Mint, Acorns and Capital One 360.

3. Investing apps

While the idea of an investing app may sound scary, especially if you don’t have a ton of money to invest (hence why you might be reading this article), they can actually be fun, affordable and easy. In fact, Stash is what is called a micro-investing app, which allows you to invest your money in $5 increments at a time. Sounds a lot more affordable than the hundreds, if not thousands of dollars that you think of when investing in stocks. Stash allows you to do this by letting you invest in fractional shares, which is why you can start with as little as $5. With Stash, you start your investment journey by answering a quick questionnaire, that talks about your investment preferences, which includes what sorts of companies you’re looking to invest in, how much you can invest, and what your savings goal is. You can sign up with Stash for as little as $1 per month, and let the funds start rolling in! A couple more popular options that you might want to check out when it comes to Stash, are Betterment, Ally Invest and Emperor Investments.

passive income apps

4. Leasing or renting out your stuff apps

Yes, there are several apps which allow you to lease or rent out your belongings – however, we’re not talking about something as small and insignificant as renting out your toothbrush (we would not recommend doing that under any circumstances). However, if you have something substantial that could be worth renting out, there are definitely apps for you out there.

The Airbnb app is a great way to rent out your space, whether it’s an entire unit, or just your spare bedroom. You can easily keep track of your listing, including uploading pictures, updating your calendar, and answering messages from interested Airbnbers. Have an extra vehicle, or don’t use yours that often, and are looking for some income to help with the car payments? There’s an app for that too! Download Turo, which is a carsharing marketplace. You can rent your car out for as little or as much time as you like. The appeal is, that renting out a car via this app is slightly cheaper than renting out a car via a car rental company. Outdoorsy is another great app if you have a recreational vehicle, such as an RV, to rent out. Unless you live in your RV, it’s pretty much guaranteed you’re not using it all the time, so why not profit off of your down time?

Are you looking to promote a great passive income app, but it’s not getting the attention it deserves? Consider Content Refined’s professional SEO services to help guide traffic in the right direction. Passive income apps are more popular than ever in 2019, and can be incredibly helpful to those looking to make some extra money. Whether it’s a few dollars extra a month, a few hundred, or a few thousand, having a multitude of apps available to help bring in that extra cash, is incredibly helpful.

,