8 Authentic Passive Income Apps To Earn Extra Cash In 2024
In the technological era, everyone wants multiple resources to make passive income to meet their financial needs. In the United States, 45% of people rely on side hustles to make passive income.
Some beginners have no experience using these apps and they stuck.
Some apps are just a waste of time, and you can’t earn even a penny. If you need some authentic apps and websites but don’t know which ones are best for you, we have a solution for your problem.
Here we are discussing some authentic passive income apps to earn legit cash. These apps are free, and you can use them from anywhere in the world to start working.
Top 8 Authentic Passive Income Apps Free
There are many passive income apps and ideas in different categories; some require little investment, while others are free. Here, we will share some passive income apps for people who want to make extra cash. Let’s get started!
- InboxDollars
- Honeygain
- Fundrise
- Swagbucks
- Acorns
- Rakuten
- public.com
- Survey junkie
- M1 Finance
- Neighbor
1. InboxDollars
It offers multiple ways of making income by doing different tasks. InboxDollars allows users to generate passive income through activities like
- Playing games
- Reading emails
- Shopping online
- Watching videos
- Taking surveys
This app allows users to boost their earnings by offering occasional bonuses and promotions. For users who want flexibility and variety in their earning tasks, it is the best option for them. On sign-up, you will receive $5 free.
The minimum cash amount is $15. Let’s get started and complete small tasks to earn cash back and enjoy gift cards.
Pros
- Provide easy tasks
- Rating of index dollars: 4.2
- Get paid in cash.
- Give a clear understanding of the payment process for each completed task.
- More audience
Cons
- Late payment issue
- Less source of income
2. Fundrise
Fundrise is a user-friendly app to earn passive income. You have a chance to invest in your income-generating properties, such as in real estate assets. This app is the best option for those who are interested in
- Real east investment
- Passive income
It is perfect to invest in various assets, like
- Shopping centers
- Hotel
- Office buildings
- Multi-family properties
- Commercial properties
- Personal properties
People have the opportunity to generate passive income through profit. By following these two ways, users can invest their dividends:
- If users have extra profit money, dividend reinvestment programs allow them to reinvest their dividends.
- When users need money, deposit your profits directly in bank accounts.
A key feature of this app is a real estate portfolio calculator. Anyone can check how an investment portfolio is transforming with allocation. The allocation is
- Real estate: 20%
- Bonds: 20%
- Stocks: 60%
From the calculation, users can check that real estate
- Increasing annual returns
- Increase passive income
- Reduce the risk rate
Pros of the Fundries App
- low amount of investment
- Suitable for both experts and newbies who want to earn more through investment
- It helps to make a portfolio as an expert investor
- Opportunity to invest in large projects
Cons
- required $10 for an investment that is difficult to arrange for newbies
- Risk of loss
Passive Income Apps Without Investment
3. Honeygain
Some people working in companies are taking advantage of the opportunity of unlimited data provided by their organization. They have no time to use this data; it will be a money-making way to allow others to use your data.
Honeygain is the best option for them to make money remotely. It connects you to businesses that want to use your data.
Pros
- Easy to use
- This app allows you to earn extra cash through referral awards
- Increase your earning potential by using more IP addresses
- Payment processing options are PayPal and Bitcoin
Cons
- Not a top-rated app
- Few people didn’t want to share data with others
4. Swagbucks
Swagbucks also provides passive income ideas by making 100 points and getting 1 dollar. Take Swagbuck surveys and receive free 30 SBs on completion of each survey. Swag codes help make money. Companies on social media accounts post these codes, like
- Company’s blogs
Pros
- Versatile app
- Due to funny tasks, you will stay motivated for further tasks.
- Wide range of rewards and cash back, gift cards like Walmart and Amazon
Cons
- App loading issue
- Slow customer service
- Time is taken to qualify for the survey
Highest paying passive income apps for students
5. Acorns
Acorns is the best app for young adults to generate passive income. Let’s sign up and pay an initial $5 investment. Your profile will grow with a greater chance of receiving profit.
Pros
- The best app for investing in small amounts
- The key feature is rounding up, which means your purchase triggers a well-calculated investment
- It provides the facility of a robo-advisor, which assists you with any query or help
- The app is designed for young adults and has user-friendly features
Cons
- Acrons does not allow its users to self-manage their investments
6. Rakuten
Rakuten is the most popular passive income app and is officially known as Ebates. It is the best app for those who enjoy shopping online and earning money.
When you buy anything through this app, it automatically detects your purchase and sends cash back to your account quickly.
Once you register on this app, you will get a $10 bonus with up to 40% cashback. You will receive your cash back after six months.
Pros
- Sign up for free
- Offers cash back and a bonus
- It is easy to install the Chrome extension
- You can receive savings for shopping
- Withdraw through PayPal and check
Cons
- For people over 18
- Sometimes users face glitches
7. Public.com
public.com is also an investment app for users who want to make passive income and is approved by the SEC and FINRA. It allows you to interact with other investors but does not share your trades with others. This app offers premium services that you can buy to make more informed investment decisions.
Pros
- Free signup
- Offers all types of investing options, even collectibles and fine arts
- Provides financial guidance
- You can trade alternative assets
Cons
- Customer service is not good
- Mutual funds aren’t entertained
8. Survey Junkie
Survey Junkie is an Android app for making passive income for students. They get paid for the completion of survey tasks based on your interest. It allows you to complete three surveys daily; the monthly payment is $40. More chances of earning money and getting paid for many tasks, such as
- Attending sessions
- Sharing browsing history
- Creating and setting up your profile
Pros
- Signup free
- Offer cash back
- Provides gift cards
- Shows personalized surveys
- Withdraw through PayPal for a minimum amount of $10, bank transfer, or gift cards
Cons
- Age limit: 16 years and older
- Not a productive side gig
- Some surveys are time-consuming
Frequently Asked Questions
Conclusion
We have shared many passive incomes for adults; you can use any of these to earn extra income in your spare time. Some apps require investment for registration, but it depends on you whether you want to use an investment app, shopping app, or survey app.
But we will clarify that these apps are not permanent sources of income, so rely only partially on them. If you have an Android mobile phone, don’t waste your time and install any app to make extra money.
Good luck choosing the best app for you!
