33 of the Best Passive Income Apps for 2019

 

One of the best forms of income is passive income. That’s because it flows in while you’re busy doing other things. 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.

Fortunately, there are dozens of passive income apps available. You can find one for just about any income venture you can think of. 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.

Others are what you might call semi-passive. They require a significant amount of effort up front, but then very little later on while maintaining a continuous cash flow.

Let’s take a look at the best passive income apps for a variety of income sources. You’re certain to find one that will work for you.

Shopping Apps

Shopping apps are a way to earn passive income through regular activity, like shopping. The shopping is certainly active, but since you’d be doing it anyway, the rewards you earn are true passive income. Just be careful you’re not spending money just to get the rewards, otherwise, you’ll end up spending more money than you earn.

Shopping portal rewards apps worth plugging into include:

1. Ebates

Ebates is probably the most popular shopping rewards app right now. The app works with more than 2,000 online companies that pay cashback rewards. The rewards go to Ebates If you click this link and make a purchase, we earn a commission at no additional cost to you. , who then splits them with the app user. It’s an excellent way to get cash back on your regular shopping activity. Check out our full review of Ebates here.

2. Birch Finance

Birch Finance analyzes your regular spending, then helps you to maximize credit card rewards. It even recommends credit cards that are more suitable based on your spending patterns. Just be aware of that cash back offers work best for people who pay off their balances in full each month. If you carry a balance, the interest charges may more than offset the rewards.

3. Seated

Seated is an app created specifically for restaurant dining. If you make a reservation through the app, you can earn gift cards worth as much as $60. This is an excellent way to generate gift cards if you’re a frequent diner.

Ebates: Cash Back Shopping Price Get up to 40% Cash Back at over 2,500 stores. No points. No fees. No forms. Join Now Ebates: Cash Back Shopping We earn a commission if you click this link and make a purchase at no additional cost to you.

Saving and Investing Apps

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. Either activity, earning investment income or making regular allocations to savings and investing, are passive activities. With either activity, you’ll have more money at the end of each month.

Some of these apps do involve taking on a certain amount of risk of loss. If you’re not comfortable with that prospect, it’s best to use several apps for diversification purposes. For example, you might want to have one that focuses on bank savings, one for stocks, another for bonds, and still another for real estate. In that way, you can create a fully diversified portfolio with a small amount of money.

Saving Apps

4. Capital One 360

Capital One 360 offers a variety of ways to earn extra income on your banking activities. For example, they pay interest on checking If you click this link and make a purchase, we earn a commission at no additional cost to you. , and above average interest on savings. But they also charge very low fees, which also helps to increase your bank balance. Check out our full review of Capital One 360 here.

5. Digit

Digit is a micro-savings app that helps a non-saver become a saver. It evaluates your spending habits and transfers very small amounts of money from your linked bank account into your Digit account If you click this link and make a purchase, we earn a commission at no additional cost to you. . This is a way to build up savings passively since it involves no additional action on your part. Check out our full review of Digit.

6. Acorns

Acorns is a combination micro-savings and micro-investing app. It works using a process called “round ups”. When you make a purchase for $5.25, Acorns rounds the amount up to $6, pays the vendor $5.25, then transfers 75 cents into your Acorns account If you click this link and make a purchase, we earn a commission at no additional cost to you. . Once you accumulate $5, it’s transferred over to the Acorns robo-advisor, where it’s invested and managed for you. It turns spending money into savings and investments. Check out our full review of Acorns here.

Acorns Price Acorns transfers small, unnoticeable amounts from your checking to your investment account. Making investing as painless and automatic as possible Get Started Acorns We earn a commission if you click this link and make a purchase at no additional cost to you.

Investing Apps

These are apps that enable you to invest very small amounts of money, giving you an opportunity to earn income on your savings. This is the best kind of passive income of all since you’re essentially earning money on your money.

7. Stash

Stash is a micro-investing app that allows you to invest in increments of $5 at a time If you click this link and make a purchase, we earn a commission at no additional cost to you. . They provide an investment template of exchange-traded funds (ETFs) and individual stocks to invest your money in. They don’t manage your investments, but they do give you an opportunity to get started if you never have in the past. Check out our full review of Stash here.

8. Betterment

Betterment is an automated online investment platform, commonly known as a robo-advisor. You can open an account with no money at all, then fund it with regular contributions. Betterment will design a portfolio for you If you click this link and make a purchase, we earn a commission at no additional cost to you. , and then manage it for a very small fee. Check out our full review of Betterment here.

9. Ally Invest

Ally Invest is diversified investment brokerage, where you can get involved in self-directed investing. But they have their own robo-advisor, Ally Invest Managed Portfolios If you click this link and make a purchase, we earn a commission at no additional cost to you. , so you can have some or all your money professionally managed, while also having the option to dabble in individual investments. Check out our full review of Ally Invest Managed Portfolios here.

Ally Invest Price Ally Invest offers a wide range of self-directed or managed investments at a low cost. Get Started Ally Invest We earn a commission if you click this link and make a purchase at no additional cost to you.

Dividend Investing Apps

Some investors are not entirely comfortable with growth stocks since they can swing in uncomfortable directions. But you can still invest in stocks, and earn a steady income, by investing in high dividend paying stocks. You can do that through diversified investment brokerage platforms.

Ally Invest (Again!)

Ally Invest enables you to invest in anything you like. You can choose high dividend paying stocks, or invest in either a mutual fund or an ETF that invests strictly in high dividend stocks. Ally Invest If you click this link and make a purchase, we earn a commission at no additional cost to you. also has very low trading fees to make investing less costly. Check out our full review of Ally Invest here.

10. TD Ameritrade

TD Ameritrade is another diversified investment brokerage, but one with a higher degree of hands-on financial assistance If you click this link and make a purchase, we earn a commission at no additional cost to you. . You can also invest in high dividend paying stocks on this platform or choose ETFs or mutual funds. Their trading fees are higher than Ally Invest, so this broker is better suited to those who buy and hold stocks for many years.

Bond Investing Apps

A way to earn higher interest, without taking the risks involved with stocks, is to invest in bonds. There are apps that can help you do that as well.

Ally Invest (Again!)

Ally Invest gets a strong mention anytime the topic is investing because they offer virtually every option available and at very low fees. But you can use this broker to buy individual bonds, or invest in ETFs or mutual funds that invest in bonds.

11. Worthy Bonds

Worthy Bonds makes loans to small businesses, mainly to help them with their inventory and purchase financing. This enables them to earn higher interest, which they pass on to their investors. You can earn 5% on your money by investing as little as $10 If you click this link and make a purchase, we earn a commission at no additional cost to you. . That’s well above the rate of return you can get at a local bank.

Worthy Bonds Price Make loans to small businesses and earn 5% on your money. Get started with as little as $10. Learn More Worthy Bonds We earn a commission if you click this link and make a purchase at no additional cost to you.

Peer Lending Apps

More formally referred to as “peer-to-peer” (P2P) lenders, they allow investors to fund loans directly to borrowers. In the process, investors earn much higher interest than they can with traditional bank investments. It’s essentially banking without the banker, and where you as the investor become the banker.

12. Lending Club Invest

Lending Club Invest is the largest and best-known P2P platform. You don’t fund loans but instead invest in small slices of loans, referred to as “notes”. Each note is $25. With a minimum investment of $1,000, you can diversify across 40 different notes. One disadvantage with Lending Club is that most states require you meet minimum income and net worth requirements. But if you do, you can earn much higher returns than with bank investments. Check out our full review of Lending Club here.

13. Prosper Invest

Prosper Invest not only works similar to Lending Club but is also its primary competitor. But one of the main advantages with Prosper If you click this link and make a purchase, we earn a commission at no additional cost to you. is that you only need $25 to open an account.

Real Estate Crowdfunding Apps

A lot of people would like to invest in real estate, but don’t want to get their hands dirty. With the many investment apps available today, that’s now entirely possible. You can invest in real estate crowdfunding apps that allow you to invest in commercial real estate without getting involved in the process itself. You invest your money, and earn your return–it’s that simple.

14. Peerstreet

Peerstreet is a real estate crowdfunding platform If you click this link and make a purchase, we earn a commission at no additional cost to you. that enables you to invest in loans on commercial real estate. These are high quality private real estate loans, that pay high-interest rates. You can invest with as little as $1,000, but it does require you to be an accredited investor. That means you must be either have a high income or a high net worth. Check out our full review of Peerstreet here.

15. Fundrise

Fundrise is similar to Peerstreet, except you don’t need to be an accredited investor. With as little as $500, you can invest in one of two real estate investment trusts (REITs). One is an eREIT, which provides income, and the other is an eFund, which invests for growth. Fundrise is the perfect app for a small investor to invest in commercial real estate.

PeerStreet Price Connecting lenders (like you) with borrowers looking for short-term real estate loans! Get Started PeerStreet We earn a commission if you click this link and make a purchase at no additional cost to you.

Equity Crowdfunding Apps

We’ve already covered crowdfunding for consumer loans and real estate. But it also exists for upstart businesses to fund their ventures with money from participating investors. This is a classic example of a high reward/high-risk investment, which is why it’s generally reserved for accredited investors. But if you meet the qualifications, it’s a way to earn much higher returns than you can get on more conventional investments.

Equity crowdfunding apps include:

16. AngelList

AngelList enables registered investors to help fund various business ventures. Investors pool their money to invest in business startups. The minimum investment is $1,000, and the best strategy is to invest in several different ventures. That will both minimize the losses from the failure of one or two ventures, and maximize the overall profit potential.

17. CircleUp

Circle Up allows investors to fund relatively new businesses with existing cash flows. This is usually money used to expand a business, rather than to launch a brand new venture. It should prove at least somewhat less risky than funding brand new ventures since the business already exists. The minimum investment is also $1,000, and diversification is strongly recommended.

18. Fundable

Fundable doesn’t work with any specific type of business, so the possibilities are wide open. Once again, the minimum investment is $1,000. But Fundable may be a bit more solid than funding pure startups since it also helps companies develop their businesses and expand their cash flows.

Passive Income Through Ownership

Now we begin the shift into what might be best referred to as semi-passive income apps. That’s because they typically involve an investment of either cash or time and effort. But for most, once you get the venture up and running, you earn income with very little time or effort on your part.

These may not fit the pure definition of passive, but they have the potential to produce much higher income flows than purely passive ventures. We’re presenting several alternatives, so you can choose the one that works best with your time, talents, and preferences.

Leasing/Renting Your Stuff Apps

One way to earn some passive income is to rent out certain assets you have, but may not be using.

19. Turo

Turo is a carsharing marketplace If you click this link and make a purchase, we earn a commission at no additional cost to you. . You can rent out your vehicle either online or through mobile apps. People rent your vehicle for a little bit less than what it costs through a car rental company. But you’ll earn money for that rental. You can lease out your car for as little or as much time as you choose.

20. Outdoorsy

Outdoorsy is an app for people who own recreational vehicles. And if you do, you can rent them out and earn some extra money. After all, you’re probably not using your RV most of the time. And when you’re not using it, you can rent it out to help pay for it.

Turo: Peer-to-Peer Car Sharing Price Turo allows you to rent your car to travelers in your area. It's free to get started. Get Started Turo: Peer-to-Peer Car Sharing We earn a commission if you click this link and make a purchase at no additional cost to you.

Rental Property Management Apps

You can do the same thing with your home or investment real estate that you can do with your car or an RV through rental property management apps.

21. Airbnb

Airbnb is an app that enables you to rent out your home to travelers If you click this link and make a purchase, we earn a commission at no additional cost to you. . It gives you the advantage of earning some money on your home, while guests pay less than they might at local hotels. It could work particularly well if your home is located in a large city or a popular tourist destination that draws a steady flow of travelers.

22. Zillow Rental Manager

Zillow Rental Manager helps you manage your rental property more efficiently, and that can put more money in your pocket. It enables you to list your rental on Zillow If you click this link and make a purchase, we earn a commission at no additional cost to you. , Trulia, and HotPads. It also allows you to screen tenants online, including criminal and credit checks, and have rental payments sent directly to your bank account.

23. Landlordy

Landlordy is a “mobile companion for a private landlord”. It can help you manage and control expenses, which will maximize the profit you earn on your rental.

24. Cozy

Cozy is a free app that gives you “modern tools” to help you spend less time managing your rental If you click this link and make a purchase, we earn a commission at no additional cost to you. . They help you find and communicate with tenants all within the app. They also allow you to collect rent automatically and track your expenses.

Cozy: Free Property Management Software Price Collect rent online, tenant screening, property listings, rental applications, rent estimates, insurance, expense tracking, maintenance, and more. Get Started Cozy: Free Property Management Software We earn a commission if you click this link and make a purchase at no additional cost to you.

Blogging/Writing Apps

These are at best considered semi-passive income ideas. You’ll have to put a reasonable amount of work into the venture at the very beginning, just to get it up and running. But once you do, cash will flow in, even though you’ll need to keep it regularly updated. But one of the underappreciated aspects of this type of venture is that it can lead to all kinds of opportunities you never imagined.

25. WordPress

WordPress is a free app you can use to create a professional looking blog or website. They offer various templates, which you can customize based on your own personal preferences. You can make your website as simple or as complicated as you like. WordPress even offers premium templates to provide a higher quality website. It’s a perfect app to use if you’re new to blogging or creating a website. Not only are many of the apps free, but they’re also very user-friendly to install and work with.

26. Medium

Medium is an evolutionary version of Twitter that allows you to publish ideas and stories that are longer than 140 spaces. You can create stories and updates, and use it to promote your blog or website. It may be a way to get your content out on the web, where you might find clients willing to pay for what you write.

Related: How to Make Extra Money Blogging

Self-Publishing Apps

Have you ever dreamed of writing a book? There are apps that can help you do just that. Self-publishing has become one of the new waves of the 21st century, and offers a real opportunity to get your book idea in print, without going through the usual grind with the major publishing houses.

27. Scriviner

Scriviner Enables you to build a manuscript. You can write when the mood strikes you, then come back and continue your work later. You can even write random ideas and chapters, then organize them as you go forward. It also enables you to do research as well as edit your work.

28. Everywriter

Everywriter works similar to Scriviner, in that it provides you with the basic outline to write a book or other document. It provides an online outline design, and can even enable you to design a book cover.

Apps to License Your Creativity

If you have any kind of creative ability at all, chances are there is an app that can enable you to monetize it. Check these out…

29. Shutterstock Contributor

Shutterstock Contributor is a mobile app that enables you to upload photos on the go. It has an auto keywording function that makes it easy to complete submissions on your phone. It also enables you to check your Shutterstock earnings and activity.

30. Foap

Foap can be used to make extra money with your photos and videos. When a client wants to purchase your work from your online portfolio, you do a 50/50 split with Foap. You can even submit pictures and videos to one of the Foap “missions” and win hundreds of dollars. The Foap community has nearly three million members, so there’s a huge potential market for your work.

31. EyeEm

EyeEm works much like Foap. You download your photos, which are then available to customers and clients who use the app. You earn royalties on those photos as they’re selected by clients.

32. Amuse

Amuse is a mobile record company that does for music what Shutterstock, Foap, and EyeEm do for photos. It allows unsigned artists to distribute their music to digital platforms. It also provides an opportunity for the creator to be signed based on data-tracking hit potential. It’s a fairly new app, having only been launched in 2017. But it could be a real opportunity for musical talent to find its way to the mainstream.

33. Udemy

Udemy is a platform that enables you to create courses. For example, let’s say you want to create a course on playing a musical instrument. Do it on the web platform, and even have Udemy help you market the course to users. You’ll share some of the profits with the platform, but it’ll be a real opportunity if you have a specialty you’d like to arrange into a course to be sold to potential students.

Final Thoughts on the Best Passive Income Apps

There are some apps on this list that require an investment upfront to generate a passive income. But there are a lot more that could help you capitalize on talents or even hobbies that you have. Whether it’s creating photos, videos, or even courses, you can create it, then watch it generate steady cash flow for a very long time.

It’s getting more important all the time to create multiple income sources. Passive income streams are the best sources of income because they ultimately require little or no effort going forward. Pick one or more of these apps, and get your passive income started.

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