Three Easy, Minimal-Effort Passive Streams of Income You Can Start Now!
We could all use a little extra money, am I right? I’ve spent nights pinning articles on how to make extra income. Every pin I come across always offers great suggestions but usually the recommendations are very time consuming. For instance, a common suggestion is to start a YouTube channel. That’s a great suggestion (check out my channel here) but it takes a lot of time. Aside from the fact that you need to film something that interest people, edit your video, upload your video and promote your video you also need to meet certain criteria before you can monetize your video. Ain’t nobody got time for that, especially when you need a little extra income now.
What about the recommendation to sell your unwanted clothing online? I do this exact thing on Poshmark (check out my closet here.) The buzz kill is that you have to find time to take pictures of all your items, write descriptions for each item and then price the items competitively. Then, you sit and wait to see if anyone makes an offer on your item. You can usually get your money within a few days after a purchaser accepts your item. This is a great way to make extra income but you have to be ready to put the time and effort into it.
My point is, these are all great steams of income, but I want to share something with you that will provide a quicker return without taking up a lot of wo-man hours.
I am going to share with you 3 passive streams of income that will generate a bit of extra cash for you now with little to no effort. Don’t get me wrong; These suggestions are not going to make you rich over night, however the potential to make a pretty penny is definitely there. Are you ready to get that bag? Lesssgo!
Cash back apps are a great way to make money on items you were already planning on buying. Wait, come again? I am going to make money on the money I was already going to spend? Yasss Queen, that’s what I’m sayin’. How this works is you link your debit card to the app and once you make a purchase with a corresponding rebate, you get cash back. Here are some screenshots of my most recent cashback payments I’ve received from cash apps. I have seen people who use these apps religiously and make a ton more money than I do. However, the amounts I am showing is just from me “setting-and-forgetting” the app and going about my day. Not too shabby if I do say so myself.
I am a total “set-it-and-forget-it” type of gal. I don’t want to have to wade through pages of rebate offers just to see if anything matches what I am going to buy. Just let me swipe my card and get cash back? K? K. Bye.
Dosh is a new cash back app that I am absolutely in love with. Similar to Rakuten (formerly Ebates), you earn cash back on items you routinely purchase. What I really like is that you can link your debit card to the app and earn cash back online and in-person. You don’t need to waste time looking through their rebate deals and matching them to your purchases. You make the purchase, Dosh matches it to all the available rebates it offers for that item and bada-boom bada-bing, you get your cash back deposited into your account. You can check out Dosh here and Rakuten here.
So, the next stream of income I use that takes a wee-bit of time are survey sites. This is not a set it and forget it type of income stream. However, I like to use apps like SurveyJunkie and Swagbucks when I’m waiting in the doctors office, in a long line at the grocery store or sitting on the toilet (come on! We all play on our phones in the bathroom lol) When you have down time, why not make some extra cash?
Both of these apps allow you to cash out your money with a bank transfer, PayPal or e-Gift cards. You get to choose how you want your cold hard cash. Check out Survey Junkie here and Swagbucks here.
Finally, the third stream of income I want to mention is car advertising. What is car advertising you say? Well, let me explain. If you have a car, it could generate some extra cash for you. Sites like Carvertise pay you money to allow them to advertise their business on your vehicle. Just think about this. All you have to do is drive your car like you normally do, but the only difference is you make money while doing it. Cha-chiiiiiiing! Check out Carvertise here and see if it’s something that would work for you.
That’s how I like it. Pay me money to do the stuff I was already planning on doing.
These, my friends, are true passive streams of income that take almost little to no effort at all.
Although some of my posts contain affiliate links, I am not an affiliate or ambassador with any of the companies I mentioned above. I mentioned them because I personally use them. Any link listed is a referral link which allows me to receive a small referral bonus. This referral is offered to every single customer using their app.
Maybe once you have extra dough rolling in from using these passive streams of income, you might be interested in saving some of it. Learn how you can save like a pro here.