10 EASY WAYS YOU CAN EARN PASSIVE INCOME EACH MONTH

“Every day you have the chance to build your day better” – Alex Saenz

DISCLAIMER: Links in this post may contain affiliate links. Honesty above all. Please read our disclosure policy here.

Photo by rawpixel.com on Pexels.com

Welcome back, Friends! Yes, I consider you all my friends. Why else would I be trying to help you make money?

Do you know what makes us closer? It is our goal. We all have the same goal to become rich, not just look rich. And here, I will show you how I went about to reach my goal. I personally own every single one of these accounts. Managed by me and now published to you all, so you can take advantage of it too.

Always looking to do better in life, my parents did a great job raising me, but never had anyone to really guide me in the right direction to reach my goal as a millionaire. Until one day it clicked for me! Each person has its strengths and weaknesses. So, what if I learn what each successful, wealthy person I meet, do good? Oh yeah! The results are amazing. We will start from the most profitable to the least, but don’t get that word wrong here; “least” still makes easy $30-$60 every month and I only spend about 5-6 hours each month on it. There more time you give it, the better results you will get.

Let’s get started!

1. Earn 3-8% with minimal effort

Stop paying more in monthly fees than what you receive on interest. Become the bank and earn interest each month on your money. Just like banks, we will use one of the oldest ways to earn passive income. Through LendingClub.

Historical interest earnings are 3-8%, although there are ways to weed out possible bad loans. I like to put my probabilities on my side.

My risk or the most I can lose if anything goes wrong is $25. My profits are much bigger than that.

So far, my readers that have the best results, are the ones that started with $5,0000 because they also get a $75 dollar bonus. That translates to 3 free loans that will earn you money and you didn’t spend a dime on them. Obviously, you don’t need to start with that amount, $2,500 is what the platform suggests be ideal in order to diversify.

Some restrictions apply. Get your account here.

2. Invest and get Free Stocks

I opened an account with this platform that is disrupting the brokerage industry by offering commission-free trading and one free stock when you open an account.

Robinhood is a U.S. based financial services company in Menlo Park, California. I make money in 3 different ways with them.

* Bought dividend-paying stocks

* Capital gains

* Free stocks every time my friends join

It is a very basic platform, but it beats the purpose if you are like me. With a full-time job and no time during the day to trade in and out. Slowly but steady wins the race.

Get your account here.

3. Grow your oak!

With this app, I effortlessly saved $479 in 2018, profit with capital gains and dividends. Today, my account seats at $669. Not just that, but if you buy through the app at your favorite brands, you get free money deposited into your account.

Acorns is a very simple app to use and set up. It lets you save, invest, generate passive income and get cashback, all in one place.

Invest as little as $5 every month, get your round-up feature set up with your credit or debit card and get a $5 Bonus when you sign up.

Get your account here.

4. Get paid to test apps

You already use apps on your Smartphone. Now, you can also get paid to try new apps.

Appcoiner connects you with companies developing apps.

It costs thousands of dollars for app developers just to see their app fall to the bottom of the app world and never be heard of. They are willing to pay people like you, for trying out their apps and giving back an honest review. As simple as that!

Get your account here.

5. Become a Landlord without the hassle

Technology can help you in tremendous ways. Today, you can become a landlord, and benefit from investing in real estate without needing hundreds or thousands of dollars. A small $500 investment can get you started.

Fundrise is a platform for real-estate investing, that splits your money between two portfolios that support private real estate in the United States.

You can set it up for income, capital gains or a mix of both. Get paid from renters all over the U.S.

Get your account here.

6. Unlock your phone and get paid

Every morning, I get paid to unlock my phone. This app partners up with brands willing to pay people like you and me, to look at their ads.

S’more is the name of the app, and it sounds very tasty.

You can make extra money by watching short 15-30 seconds of ads and doing surveys. Totally optional.

Get your app here.

7. Bank $90 for holiday shopping

One of my readers’ favorite and mine also. It has a wide variety of ways to make money.

Swagbucks will let you earn by watching videos, answering surveys, doing daily tasks, searching the web and many other ways.

Get a $5 bonus when you sign up and earn 2,500 SB within your first 60 days.

Get your cash into your paypal account or redeem it with a gift card. The choice is yours.

Get your account here.

8. Keep walking Johnnie Walker

This app is aiming to help improve health by paying people to walk outside more often.

Sweatcoin is an app that lets you gain money daily depending on how much walking you do. It has different levels and daily bonuses. Super easy and super simple. Get paid for walking.

Get your app here.

9. Scratch and win money from your phone

What is more satisfying than buying a scratch-off ticket at the gas station and winning? Well, playing scratch-off for free on your phone and winning!

You can play and earn for free with Lucktastic (sorry iPhoners, Android only).

Lucktastic is supported by advertising, allowing high payouts and free games. They say instant wins range from $1 to $10,000. Besides cash, there are also tokens that you earn and you can redeem free gift cards from big retailers.

Get your app here.

10. Get paid for your opinion

This app pays you to watch movie previews, celebrity videos, the latest news, searching the web but mostly answering surveys. They also have other ways to earn money but we cover that in another article.

Inboxdollars is the app we use. Availability is subject to change but it is completely possible to earn up to $200 a month from watching videos and giving your opinion.

I don’t have much time to spend on this, due to work and other projects I’m currently working on and still was able to pull $43 for January and $65 for February. Imagine what you can do if you have the time.

Easy, passive income from home.

Get your app here.

Well, there you have it. 10 easy ways you can earn passive income each month. I hope it helps.

Remember, it’s all about the road to wealth. If you liked it, pay it forward. Share it on social media and help others become successful as well. There is plenty of room for all of us. In the end, your success will only depend on you and not what others do.

Follow me on TWITTER, PINTEREST, INSTAGRAM, LINKEDIN, FACEBOOK for more posts and updates.

If you have any questions, you can reach me at questions@road-to-wealth.com

YOUR ULTIMATE GUIDE TO FINANCIAL FREEDOM YOU WILL EVER NEED

DISCLAIMER: Links in this post may contain affiliate links. Honesty above all. Please read our disclosure policy here.
Photo by maitree rimthong on Pexels.com

Let’s learn how to take control of our financial freedom today. Use the exact same blueprint I used for my financial freedom.

WHAT IS THE BEST MONEY MAKING APPROACH?

There are thousands’ of money making models out there, so I guess you are here to see which of them is the best fit for you. If you need someone with a financial background, like a B.A. in Accounting, you get one here, for free. I’ve been trying different approaches at growing my money in order to not depend solely on my job; especially after retirement.

I learned that the average millionaire has 7 to 8 sources of income. Following on their footsteps, I have become financially free. What I mean by free is, my passive income is making me an amount of money which surpasses my expenses.

DO YOU NEED A BACHELORS IN FINANCE TO DO THIS?

Now remember, it was not done in a month or two. It took some work, sacrifices, discipline and time. It takes money to make money, right?

HOW DID I DO IT?

1. Automate your savings and grow them at the same time

First thing I did was opening a savings account that will help me grow my money over time. It has an easy set up and it is one of those set it and forget it type of models. Just let it compound over the years.

It has several features:

A. Saves your money automatically by rounding up your debit/credit card to the next dollar. When it hits $5, it transfers it out from your checking account into the app account. Then the next feature takes place…

B. The money that you just saved will automatically be invested in the stock market. You can choose if you want to be more heavily invested in stocks, bonds or a mix of both. This step needs to be done only once. It will automatically do it for you after first time set up. Also receive dividends from the stocks you hold.

C. Found money feature lets you buy at your favorite brands and stores through the app and they will give you cash back or reinvest into your account.

Get your ACORNS account.

2. Easy source of income with Real Estate

Then I saved $500 to open an account where I can get some exposition to Real Estate. The reason why I prefer to do it digitally is because I became a landlord without the hassle.

For this type of investment I have a longer time horizon, meaning years. I’m planning on getting money out after I retire, not before. And since Real Estate takes it’s time to develop, I will take my time to let it panned out.

The $500 will get you in with the Starter Portfolio where you can split your money between two portfolios. In order to start using all the features available you need to save $1,000 to reach the next level called Core. By all means you can start here if you have the money available.

After reaching Core level you choose between 3 investment plans…

Supplemental Income

  • Aim to earn returns via quarterly dividends, with less appreciation.
  • Invest in an income-oriented real estate private equity strategy
  • Portfolio allocated primarily to debt real estate assets

Balanced Investing

  • Aim to earn returns via a blend of dividends and appreciation
  • Invest in a balanced mix of income and growth strategies
  • Portfolio allocated across both debt and equity real estate assets

Long Term Growth

  • Aim to earn returns via appreciation in share value, with fewer dividends
  • Invest in a growth-oriented real estate private equity strategy
  • Portfolio allocated more towardequity real estate assets

If you want to get into Real Estate, FUNDRISE is your way to go.

3. Be the Bank

Just as Real Estate has stood the test of time, so have Loans. With this advance in technology now you can become the bank, lend $25 per loan and get paid.

The downside here is you need money to open this account. If you want just the basic stuff you need $1,000 to be exact; although they recommend you begin with $2,500 in order to mitigate risk of losing. If you want to get free notes with full features and $75 bonus, then you need to save $5,000.

Now to the good part. They claim historical returns over the long term is 3%-8% but as you can see on the picture below, I’m currently at 11.55%. If you open an account shoot me an email and I will show you a few tricks to weed out bad investments. Free of charge of course.

LENDINGCLUB is your pass to play the Bank, but with real money, getting paid for real; not Monopoly money.

Note: Currently only residents of the following States may invest in LENDINGCLUB notes: AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, ND, NE, NH, NJ, NV, NY, OK, OR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, or WY.

4. Build a wealth mindset

Ever dreamed of becoming a trader and making money on the markets? Today is your lucky day because you can open your account, and receive a free stock like Sprint, Apple, Microsoft or many others.

The simplest way you can do this is by buying dividend paying stocks. I suggest you take a look at this list.

Great Dividend Stocks include stocks with both consistent multi-year dividend growth and steady price appreciation.

Dividend Achievers are stocks that trade on the NYSE  or NASDAQ and have increased its annual dividend for at least 10 years or more.

Dividend Aristocrats, are stocks that have increased its annual dividend for 25 years or more.

Dividend Kings are stocks that have increased its annual dividend for 50 years or more.

You can buy some of this stocks and know that price will increase over time but almost surely your dividend will increase yearly. Giving you bigger payouts.

Get your ROBINHOOD account today.

5. Extra Income

The following accounts I don’t use to build wealth but to get some extra cash every month. They are similar but offer many options when it comes to receiving your money.

SWAGBUCKS will pay you for giving your opinion on surveys, watching videos, and a wide variety of other ways.

INBOXDOLLARS will also pay you for giving your opinion on surveys, watching videos, and many other ways.

LUCKTASTIC is the modern way to play Lottery by scratching digital tickets. You can win cash, gift cards or tokens.

6. Fix your credit score

If you want to become wealthy, one way you need to get started is by improving your credit score. Credit Sesame will give you tips by email to help you get where you need to be.

7. Save, get cash back and much more…

Ease on your pocket by getting the best you can in Car insurance. Gabi will compare your current insurance and will find you if any other Insurance Company is offering the same insurance at a lower price.

Get offers, save and get cash back in your groceries. It is a great way to stay in budget and keep your fridge full. Ibotta will give you this and much more. Give it a try.

Paribus is a program that will scan your emails and get you cash back when the item you bought drops in price. It also gets you compensated when your shipment is late. Don’t delete your emails anymore and rip the benefits of this program.

MY RATING SYSTEM

I give ratings to my investments from 0 to 10. Main variables are:

* Ease of set up

* Ability to make money

* Consistency

* Price

* Special features

ACORNS 9/10 (only downside is if the market sells off, although we know it will be temporarily, everything else is great)

FUNDRISE 9/10 (it is a slow investment, need patience but it’s totally worth it)

LENDINGCLUB 9/10 (only hurdle is the amount of money to get started, once you get over that hurdle you will not stop smiling)

ROBINHOOD 8/10 (super simple platform, need more features if you plan to day trade)

SWAGBUCKS 7/10 (need time for surveys, you can let videos run in the background)

INBOXDOLLARS 7/10 (need time for surveys, you can let videos run in the background)

LUCKTASTIC 6/10 (at least for me the cash prices have been low, although I read about others making $100, maybe I’m not lucky enough, lol)

CREDIT SESAME 10/10 (everything you need to improve your credit score you can find here)

GABI 10/10 (super easy to do and save me over $900 for the year by switching to the new insurance company)

IBOTTA 9/10 (easy to use and offers many options)

PARIBUS 10/10 (easy set up and you have to do nothing but wait)

CONCLUSIONS

Hopefully, you’ve already put an eye on a money making technique that you liked. If you are still unsure, start from the simplest techniques and move up. I recommend you open an account for each type of approach. They are uncorrelated and that will help you grow faster when the cycle comes around. Like the Chinese saying goes “the best time to plant a tree was 20 years ago, the second best time is today”. Today is your day to plant your tree.

Hope it helps! Leave your comment below.

Remember, it’s all about the road to wealth. If you liked it, pay it forward. Don’t forget to share it in social media and help others become successful as well. There is plenty of room for all of us. In the end, your success will only depend on you and not what others do.

Follow me on TWITTER, PINTEREST, INSTAGRAM, LINKEDIN, FACEBOOK for more posts and updates.

If you have any questions, you can reach me at questions@road-to-wealth.com