Earning money without having to do any work would be a dream come true for anyone. While this isn't quite possible, there is a way to get fairly close to this ideal, and you can do it on your phone.
In this post, we'll explore the best passive income apps for anyone to earn some extra cash without working. Let's get started!
What is a Passive Income App?
While using a passive income mobile app to make money is not a totally viable way to earn a living, it can get you some extra cash in your pocket, especially if you start investing right away.
Passive income apps are applications that you can download on your phone that will help you earn some extra money. They use different technologies that utilize investments and algorithms to help you earn passive income.
Most of these apps allow you to set them up initially and then basically forget about them while still earning passive income. Some apps take a small portion of the income you earn to keep them running, while others offer “premium” memberships that come with the opportunity of a greater passive income stream.
There are so many apps out there available to download, so it's a no-brainer to have a few that can get you some free money. Though these apps vary from each other in different ways, passive income apps work for the same purpose: to help you earn some extra money. Let's take a look at some of the best passive income mobile apps of this year.
23 Best Passive Income Apps in 2021
Stash is a great investment app for beginners to make money. It aims to make the process of investing, including selecting stocks and exchange traded funds, as easy as possible for people new to investing.
You can subscribe to the Stash app for as little as $1 a month, which gives you access to a brokerage account and access to Stash's online bank account as well as a debit card, also including access to their rewards program.
The best part about the Stash investment app is that there is a $0 account minimum, making it accessible to anyone who wants to invest. Overall, Stash is best for new investors or people who want guidance with selecting stocks. Whereas traditional bank investments make understanding your money difficult – Stash makes it simple.
Stash is an easy way to start earning extra income while learning about the possibilities of investing. In terms of using passive income apps to make money, Stash is among the best in investment apps for both beginners and experienced investors.
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SurveyJunkie is a passive income app where the user takes surveys to earn points which can then be traded for cash rewards or gift cards. It's a free to join app that takes a little bit of information about you before you start taking some surveys to earn extra cash and make money online.
Taking an online survey with SurveyJunkie involves a point system. One point in the app is equal to one cent, meaning that if a survey is worth 200 points, you'll get $2.
However, the minimum account balance required to cash out is $5, or 500 points. The amount of points you'll earn for each survey can depend on how long the survey is along with some other factors.
To take a survey, you must qualify for it first, meaning that if you don't meet the required qualifications, such as demographic or income factors, you won't be able to take the survey and must find another one to earn points.
Overall, SurveyJunkie is quite easy to use and is one of the most popular passive income apps to make money. The gift cards and cash prizes you can earn from using this app will add up over time with consistent use.
M1 Finance is among the best in investment and cashback apps that are optimized for people interested in making some passive income from investing. Making a financial investment is fairly easy with this app, and the minimum investment required is just $100.
With a free account, you have access to automated investing at no additional cost, and can reach over 80 types of professional portfolios. The app also offers a debit card and cashback for spending money while shopping online.
In terms of investment accounts, you get to control your own individual or joint brokerage account while also managing your money.
The best thing about this app is that you can automate your own individual account while trading portfolio slices as well. While the app does not offer mutual funds, it does provide fractional shares, margin lending, and custodial accounts for your use.
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Public is a completely free diversified investment brokerage app to use for anyone to trade and sell on the stock market. You can come up with an investment strategy based on the information that the app provides.
With over 5 thousand stocks to choose from on the app, Public provides you with important information like investor comments, parent companies, and trends with the company you're investing in.
Public offers a number of perks, including a sign up bonus when you refer your friends and zero percent commission when investing in a stock.
Additionally, most investment apps take money directly from your bank account, while Public lets you transfer money using your debit card. This means you can create a diversified portfolio without an advanced bank account.
Public is one of the best passive income apps to earn cash through investing. It offers a social aspect with comment and following features along with lots of great information about what you choose o invest in.
However, if you're bored at a doctor's appointment, it's a great way to pass the time while making some easy passive income.
The app works by offering you a number of actions to take that will give you a little bit of money, including watching videos, taking online surveys, and playing games. No – you won't get rich watching videos or playing games, but you can earn rewards in your free time.
You can begin noticing the difference in your bank account after having the app installed on your mobile device for just a few weeks, as completing passive tasks on the go is super easy to make into a money-earning habit.
Dosh App is an excellent cashback app for people who shop online and in-store alike. Once you have the app installed and link your credit card, you'll earn a $5 sign up bonus just for downloading the app.
As you spend money doing daily tasks and errands like grabbing some food, getting gas, or making an online purchase, you'll get an amazing percentage of cash back straight into your Dosh wallet.
The minimum income you need in the app to cash out is just $25, and you can get it through PayPal or straight to your bank account.
This is one of the best passive income apps to set up and forget about until you want to get some extra money from your Dosh wallet.
This app gets you more money for spending money, which is the best case scenario for anyone that makes regular purchases.
As with most passive income apps of this type, you can earn even more extra money by referring your friends and family to the app.
You can easily save money on qualifying purchases with Dosh App and use it to make even more purchases, earning you more cash. It's an excellent cycle to get in the habit of doing and one of the easiest ways to earn passive income.
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Acorns is both an investing app and a financial wellness tool that provides an easy way to invest and save money, even for people that find investing anxiety-inducing.
With this micro investing app, you can create a retirement account, a checking account, or a custodial investment account for your kids, along with many other services.
The Acorns app is also available as a browser extension to use on your laptop or desktop computer. Once you link your credit card and bank account, Acorns will analyze the way you spend money and round up each withdrawal or deposit to the nearest dollar.
After that, it pulls whatever difference is in your checking account and invests the money in the Acorns account that you have set up.
Acorns is a great app to start investing with if you haven't invested before or are scared of trying it out. It provides you with helpful guidance as you start investing, and will generate you some passive income in the process.
InboxDollars is a passive income site and mobile device application that connects you to survey providers to take market research surveys and get paid.
Brands pay survey companies to get connected with product consumers to rack up reviews on services and products to better companies' marketing and product development.
Like a lot of other survey sites, InboxDollars asks you a few questions about yourself, including demographic information to set you up with surveys that cater to you.
Each survey lists about how long it should take to complete them and how much you'll be able to earn. Some surveys list the topics they center around as well.
Offers for each survey vary from just cents per survey to multiple dollars. However, available surveys are updated consistently so you'll have a variety of options to choose from.
Another way you can earn cash with this site is through working toward scratch-off tickets as you take surveys.
This site can earn you some pretty easy passive income if you stay consistent with taking surveys every day. Among passive income resources, InboxDollars is among the most popular with taking online surveys.
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Fundrise is an online system for real estate investments that allows any average person to invest in different properties and make money online by pooling their assets in an investment platform.
The central products available on Fundrise are real estate investment trusts, also known as REITs, that invest in real estate that produces income through either buying buildings or holding mortgages. The company has coined these products “eREITs.”
In addition to its eREITs, Fundrise offers eFunds where investors' pooled money can be used to purchase land and develop housing to be sold.
It also features an Interval Fund that offers higher diversification that other funds.
If you decide to upgrade from a basic account to an advanced or premium account, investors can potentially get access to more real estate projects along with some other benefits.
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CrowdStreet is a great app for accredited investors, investors willing to take time to let their money sit, and investors who are able to take risks.
This real estate crowdfunding platform makes it simple to invest in commercial real estate by partnering project developers with individual investors to grow your investment portfolio.
Developers using CrowdStreet have to go through a background and reference check in order to make sure they're reliable and trustworthy, giving investors more peace of mind.
This also allows for better opportunities for investors who cannot check out developers on their own.
Once you sign up as an investor, you get to choose properties or buy into some of CrowdStreet's online funds which are made up of a variety of real estate projects.
The minimum initial investment varies depending on the real estate offer. However, they can be quite hefty, as the average project or fund on the site requires an investment of at least $25,000.
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Robinhood is a passive income app that involves free-trading among investors to trade cryptocurrency, options, stocks, and exchange-traded funds with no fees or commissions required.
When it first started out, Robinhood stood out as one of the only brokers that offered free-trading.
However, as time went on, more brokers followed suit, giving Robinhood the opportunity to find other ways to stand out. They did this by offering a new recurring investments feature in-app.
What also makes Robinhood unique is that it's one of the only brokers that allows investors to trade cryptocurrency. The system offers both mobile and web trading, and is fairly bare-bones in terms of investment systems.
Overall, this passive income app is best for people who wish to trade cryptocurrency, those with individual taxable accounts, and mobile users looking to grow their investment portfolio.
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Turo is a unique passive income app that allows users to gain access to a car-sharing network where customers can rent cars from local hosts.
Listing your car on Turo is completely free and will earn you some extra money just from allowing others to drive your car.
Instead of letting your vehicle sit idly in your driveway, you can earn passive income streams from renting out your car to locals or visitors in your area.
The guest that's using your car will pay for the gas mileage used and any damage to your vehicle, so there's little to no liability involved. You get paid through ACH payments in the United States 72 hours after each trip.
If you're comfortable with renting out your property, similar to users of Airbnb, Turo is an excellent app to use to make some passive income with rental payments.
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Founded in 2015 and also called AskTrim, this app helps you negotiate with companies for lower bills and manage your monthly subscriptions. Though this isn't a traditional passive income earning app, it does help you save money.
Trim has helped its users save over $20 million since it was introduced. The app works like many personal finance apps and budgeting tools do- once you sign up and link your bank accounts, the possibilities are huge.
The company added new features to its app in 2019 and now coins itself a financial health company. By taking a holistic look at managing bills, you're able to manage your money with little to no stress and more savings.
The app also has premium features that assist with even more financial concerns, including a savings account with a high yield, debt help, and money management coaching.
While this app is not necessarily among other passive income apps in that it doesn't help you earn any money, it will certainly assist in not spending the money to begin with.
If you're looking for ways to keep money in your pocket and stay away from unnecessary spending, downloading Trim is a great place to start.
Neighbor is a passive income app service involving renting out space in your home for others' storage purposes. If you have an extra room you never use, this could be a viable money-making option.
Wherever your open space is- a room, attic, driveway, or anywhere else- you can rent it out to others seeking to avoid hefty storage unit prices and earn some extra cash.
Neighbor has both a website and a mobile app that you can use to rent out your space. There's no cost involved with renting a space, however, you have to pay around a 5 percent fee to Neighbor once you get someone to pay for a space.
One great thing about using Neighbor is that the only thing in your house or space will be someone's stuff, not an actual person using your place regularly.
Thus, you can find a renter, help move their stuff into your space, and forget about it while making money every month.
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Mistplay is a mobile app perfect for people who love playing games on their devices. The app allows users access to a number of different games to play and an opportunity to earn money doing it.
You get paid in this app through a loyalty program that rewards gamers with points. The points you earn can be redeemed for prizes like gift cards and Steam credit, along with other rewards.
If you already enjoy playing games on the regular and you're interesting in trying out some new ones (and making extra money) Mistplay is an excellent app to use.
The Mistplay app gets paid by game developers for featuring their apps on the platform. As a user of the app, you earn part of the money that they receive in the form of prizes and rewards.
Owned by Capitol One, Paribus is an app that utilizes advanced technology to go through your email for web purchase confirmations, and tests receipts to find out if you've received the product you ordered at the best price possible.
If you do in fact have the lowest price, Paribus will keep monitoring the price of the product you've ordered and let you know if it drops in the future.
If, in some cases, you don't receive the lowest price for an item, the app works to try and notify retailers to request a refund of the difference for you. Otherwise, it will let you know automatically and suggest you reach out the retailer by yourself.
Though this app is nontraditional in terms of passive income earning, it can definitely save you some money if you're diligent about using it (and order online regularly).
Overall, this app is great for people who frequently make online purchases and are always looking for the best price.
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SweatCoin is a great app for people who love staying active and making money. The app literally pays you to walk, with a number of points per few thousand steps.
You must let this app run in the background in order for it to track your steps. However, once you set it up, you can start walking immediately and it'll start monitoring how far you go and how many steps you take.
Each time you go for a walk, the app will monitor how many steps you take and provide you with .95 sweatcoins every one thousand steps.
This app is in no way a new job opportunity, but it can add up over time. If you already go for walks every day, or are trying to stay more active, this app is a great motivator to do so.
You can redeem the sweatcoins you've earned for rewards like new Apple products, restaurant discounts, and more.
While some people aren't comfortable with this method of earning extra income, it can be quite lucrative when done correctly.
This app would probably be classified as a semi passive income app, as it does require preparation and work to set up your room or space for your customers.
However, Airbnb undoubtedly has the most potential among other passive income apps for generating passive income.
If you are okay with allowing strangers into your home for a night or two, Airbnb is super easy to sign up for and can earn you hundreds of dollars a month, depending on how much you list your space for and how many visitors you have.
Better yet, if you work on making your space the best it can be and accumulating a bunch of great reviews from happy customers, you'll earn even more just by allowing travelers to stay with you.
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Rakuten is an easy passive income app where you can earn money from shopping at over 2500 different stores. The app is completely free to use and works by giving you a part of the commission that Rakuten gets from qualified purchases.
Rakuten is certainly one of the best passive income apps for cashback on purchases. With over $1 billion given to members so far, there's a lot of opportunity to earn money just by buying everyday items.
There are a number of ways you can earn extra money with Rakuten, including the cash back button browser extension, referring a friend, in-store shopping, and using the app itself.
You'll get paid the amount of cashback you've earned every three months with either a check or a payment through PayPal.
Drop Rewards is a mobile app that helps you earn money by buying things that you normally would already.
Once you download the app, all you have to do is put your email, phone number, and debit or credit card in your account, and you can start earning money right away.
The completely free program allows you to earn points in-app by shopping. The app asks you about your favorite brands, links you with stores that sell them, then allows you to earn points by shopping for these brands.
The points you earn are automatically linked to your account and add up quickly. Point amounts also differ from brand to brand, and the rate is a certain number of points per dollar spent.
Once you have at least 5 thousand points, you can redeem them for either a gift card or enter into a reward contest.
If you're an avid shopper, this app is a great way to earn money on the go. You can easily set up the app and forget about it for a while before checking back to see you have thousands of points ready to redeem.
RetailMeNot is a browser extension that you can download on your laptop or desktop computer. It works by finding you the best coupon codes as you shop and applying them at checkout.
The extension is connected to a number of popular brands like Sephora, Macy's, and Pier 1. Once you download it, it'll automatically find coupon codes for you at checkout. All you have to do is click to apply them and get some savings going.
The app even offers cashback rewards that you can sign up for to get paid as you shop. Though the extension isn't actively earning you any money, it's an excellent choice when trying to save while you shop.
Zillow Rental Manager
Zillow Rental Manager is an online rental platform that makes the renting process easy. It simplifies rental application, payments, tenant screening, and leasing contracts, helping both tenants and landlords with the entire process.
Zillow is currently the largest online real estate listing market. It created a method of listing directly on its network for lower costs. Landlords can now use the system they've made to generate leases, advertise, and screen tenants.
When a property is listed Zillow Rental Manager, it is also posted to Zillow, Trulia, and HotPads, giving more people a chance to see your property and apply to rent it.
Of course, using this system requires owning a property to rent, but it can help landlords manage their properties better, overall generating more income for them in the long run.
Other Ways to Make Passive Income
Wondering if there are any other options besides passive income apps to make some extra cash? We've got a few ideas for you.
Start a Blog
If you have a special interest, talent, or knowledge about something, start a blog about it! If you gain enough traction on your blog, you can start to earn money from advertising on the page.
There are a lot of blog platforms out there available to use for free, one of the most popular options being WordPress. If you have something to say, take a chance and write about it. Maybe you'll end up making some extra money along the way.
Another way you can make passive income is by advertising on your car. Reach out to car billboard companies to see if they have any availability for advertisers.
Once you get signed up with a company, they'll attach a digital or standard small billboard to the top of your car that displays advertisements as you drive, and you get paid for it.
Start a Business
By starting your own business can be a great method to generate passive income from your work. There are many types of businesses you can start – but you'll need to grow your business and hire employees before it can become passive.
Final Thoughts on the Best Passive Income Apps
There are hundreds of apps out there to make easy money, but we've found that these 23 are the best in 2021. From investing, to walking, to surveys, to online shopping, there are a great number of options to make passive income.
We hope this guide helped you decide what route you'd like to take in terms of taking the leap to earn some extra money.
Whether you want to rent your property, walk a thousand steps, or shop online until your heart's content, you can make money doing it.