CurrentĬurrent is a new fintech company and app that solves a variety of financial issues – one of which is lack of savings. In that way, you can create a fully diversified portfolio with a small amount of money. If you’re not comfortable with that prospect, it’s best to use several apps for diversification purposes.įor example, you might want to have one that focuses on bank savings, one for stocks, another for bonds, and still another for reIal estate. Some of these apps do involve taking on a certain amount of risk of loss. With either activity, you’ll have more money at the end of each month. Savings and investing apps enable you to accumulate higher savings, either through earning investment income, or allocating a portion of your regular spending to savings and investing.Įither activity, earning investment income or making regular allocations to savings and investing, are passive activities. This is an excellent way to generate gift cards if you’re a frequent diner. If you make a reservation through the app, you can earn gift cards worth as much as $60. Seated is an app created specifically for restaurant dining. If you carry a balance, the interest charges may more than offset the rewards.
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Just be aware that cashback offers work best for people who pay off their balances in full each month. It even recommends credit cards that are more suitable based on your spending patterns. It’s an excellent way to get cash back on your regular shopping activity.Ĭheck out our full review of Rakuten here.īirch Finance analyzes your regular spending, then helps you to maximize credit card rewards. The rewards go to the company, which then splits them with the app user. The app still works the same as always: it connects you with more than 2,000 online companies that pay cashback rewards. Then in 2018, the company began integrating Ebates fully with Rakuten. You’ve likely heard of it as Ebates, but Rakuten has actually owned Ebates since 2014. Rakuten is probably the most popular shopping rewards app right now. Shopping portal rewards apps worth plugging into include: 1. Just be careful you’re not spending money just to get the rewards, otherwise, you’ll end up spending more money than you earn. The shopping is certainly active, but since you’d be doing it anyway, the rewards you earn are true passive income. Shopping apps are a way to earn passive income through regular activity, like shopping. Final Thoughts on the Best Passive Income Apps.You’re certain to find one that will work for you. Let’s take a look at the best passive income apps for a variety of income sources. You can sign up with any of these apps to start earning passive income that requires little time or effort. There are many passive income apps available, offering a wide variety of ways to earn more money. They require a significant amount of effort up front, but then very little later on while maintaining a continuous cash flow.
Others are what you might call semi-passive. Some are truly passive–you invest money or create a product or service–then the income rolls in without any further action on your part. With the dozens of passive income apps available, you can find one for just about any income venture you can think of. It can provide a valuable second income, that you can use to fund your retirement plan, get out of debt, or save up for your next vacation. That’s because it flows in while you’re busy doing other things. One of the best forms of income is passive income.
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