Simply put, passive income is money you earn that doesn’t require you to do a lot of “active” work. Our regular salary requires that we work for a company 9-5: this is active income.
People who achieve financial independence will tell you that passive income streams are the key to success.
Join Survey Junkie Pulse and make money passively
By automatically sharing your digital browsing behaviours with Survey Junkie through their Pulse program, you can easily earn passive income.
Use Ibotta to earn cash-back for your purchases
Ibotta (iOS or Android) is a popular free cashback shopping app in the US. With Ibotta, you can earn real cash back every time you shop online or in-store.
Download the Drop app
The Drop app is another one of my favourite passive income apps. For every single purchase that you make through Drop, you get some cash back!
Use a cash-back credit card
Using a cash-back credit card is probably one of the oldest ways to earn passive income.
Get cash rebate with Rakuten
Rakuten, formally known as Ebates, is another popular online cash-back shopping site in the US and Canada.
Install Honey browser extension
Honey is a browser extension that can easily help you find coupons online. It also automatically helps you apply the coupons to your purchases so you can always get the best deals!
The SmartyPlus membership is your perfect online shopping companion. You can get savings, protection, and convenience at all of the stores you know and trust.
Open a high-interest savings account
Opening a high-interest savings account is an easy way to make some passive income. Chequing accounts from major banks nowadays earn barely any interest, so your best bet would be to open one with an online bank.
Automate your investment with Acorns
Acorns is the leading micro-investing app in the U.S. It is a super easy-to-use app that enables you to invest your life’s spare money. You only need under 5 minutes to sign up, and there is no minimum investment required.
Using Swagbucks is a semi-passive way to make money online. You can earn points, called SBs, by completing short tasks.