These Are the 6 Easiest Ways We’ve Ever Seen to Make Passive Income – The Penny Hoarder (2024)

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners.

You’ve been thinking about it. But do you really have the time or energy to devote to a side hustle?

There are much easier ways to make extra money — passively.

It’s not a myth or something exclusive to the wealthy. There really is such a thing as passive income — and these are some of the easiest ways we’ve ever seen to rake it in.

1. Own Slices of Fortune 500 Companies, Invest in Music Royalties and Other Assets

Can you believe it? Most new millionaires didn’t inherit their wealth. Still think it’s too late for us 9-to-5ers to build real wealth and comfort?

These new money millionaires invest in different ways and some invest in different types of stocks, which can be pricey if you don’t have much money to invest in the beginning.

We found an app called Public, which is free to download, that lets you own slices of stocks, so you can invest in companies without having to pay for an entire share — that makes it easy to invest in more than one thing.*

And now you can even diversify by owning slices of the Shrek Franchise Original Music, which includes over 700 songs. You may earn royalties anytime Shrek movies are streamed, aired or used at theme parks.

It takes just minutes to download the app and open an account.

2. Get Paid Up to $140/Month Just for Sharing Your Honest Opinion

If you’re turning blue in the face waiting for a raise at work, it might be time to quit holding your breath and start speaking your mind to someone who wants to listen.

Brands want to hear your opinion to help inform their business decisions on everything from products and services to logos and ads — and they’re willing to pay you up to $140 a month for it.

A free site called Branded Surveys will pay you up to $5 per survey for sharing your thoughts with their brand partners. Taking three quick surveys a day could earn up to $140 each month.

It takes just a minute to create a free account and start getting paid to speak your mind. Most surveys take five to 15 minutes, and you can check how long they’ll take ahead of time.

And you don’t need to build up tons of money to cash out, either — once you earn $5, you can cash out via PayPal, your bank account, a gift card or Amazon. You’ll get paid within 48 hours of your payout being processed, just for sharing your opinions.

They’ve already paid users more than $20 million since 2012, and the most active users can earn a few hundred dollars a month. Plus, they’ve got an “excellent” rating on Trustpilot.

It takes just a minute to set up your account and start getting paid to take surveys. Plus, right now, you’ll get a free 100-point welcome bonus just for becoming part of the community.

3. Earn $300+/Month in Passive Income With Your Extra Space

If you’re like us, your garage probably isn’t doing much of anything at the moment. Maybe you have some tools in there, or maybe it’s home to your boxes of odds and ends, collecting dust.

But with a website called Neighbor, your extra space — whether it’s a spare room, an empty garage or a parking space — could be earning you an extra $300 a month in totally passive income.

Neighbor works by connecting people who need storage space with hosts who have the room to spare. The average host makes about $300 a month, but some people have earned up to $50,000 a year just by letting people park on their property.

It takes less than 10 minutes to get started. Just answer a few questions about your space, take some pictures and set your asking price. Neighbor will recommend a dollar amount based on your location and type of rental, but the final listing is up to you.

Neighbor even gives you up to $1 million in free protection as a host and offers protection plans for your renters, giving you both peace of mind.

Neighbor is an easy source of passive income, and it’s easier than most side hustles. It’s free to list your space, and you’ll only be charged a 4.9% processing fee from the profit you make each month, so there’s no risk to you.Sign up here and see how much you could earn.

4. Add $500 to Your Wallet for Trying Out Apps

Our smartphones are the world’s greatest time-killers. You can browse Facebook; play a game; download a new app.

You’re doing all this anyway — why not get paid for it? With a website called KashKick, you could get paid for things like answering survey questions or downloading and playing a game — up to $500 in your first month.

You can earn money by playing games or trying new products and services, but surveys are the main way to make money.

Once you earn $10 in your account, you can immediately get paid via Paypal. This is an easy way to make a little extra money while you’re killing time on your couch. All you need is your phone or computer.

It takes just a minute to sign up, and you’ll immediately earn $1 just for completing your profile on the site. You’ll be that much closer to cashing out.

5. This App Pays up to $755/Win When You Play Bingo on Your Phone

A well-designed bingo app really hits the sweet spot. It’s a great way to pass the time. It’s even better when you can win real money.

An app called Blackout Bingo lets you do just that. This free app lets you play a game you already know and love, plus it matches you with players in your skill level, so you can go head-to-head in tournaments where you can win cash. Plus, the games are quick — about two minutes each, and you can play them on the go.

Here’s how it works: Download the free app and create an account, then you can play some practice games to get the hang of it. Then, when you’re ready, Blackout Bingo will pair you with one of thousands of other online players at your same skill level. Beginners play beginners; experts play experts. You and your opponent will both get the same board, so winning is totally skills-based.

The app is free to download, but if you want to play for money, you’ll need to deposit at least $10. Then you can play head-to-head in large pools and live tournaments — some tournaments have even paid out prizes as big as $350,000. You can make deposits and get paid instantly via PayPal, credit card or Apple Pay.

Win or lose, you always receive “ticketz,” which you can redeem for cash or prizes like Amazon gift cards, 65-inch TVs — even a BMW or a Porsche. The Blackout Bingo app has an App Store rating of 4.5 out of 5, and it takes just a few minutes to download the app and play your first game.*

6. Add $225 to Your Wallet While Watching the News

It’s been a historic year in the news, and we’re all constantly refreshing for the latest updates. You probably know more than one news-junkie who fancies themselves a constitutional scholar or a foreign policy expert.

That might not be the best news for your dinner conversations — but it’s great news for your wallet. You could add up to $225 a month to your pocket by signing up for a free account with InboxDollars. They’ll present you with short surveys to choose from every day, which you can fill out while you watch tonight’s broadcast.

You just have to answer honestly, and InboxDollars will continue to pay you every month. This might sound too good to be true, but it’s already paid its users more than $56 million.It takes about one minute to sign up, and start getting paid while you watch the news.

*Public: Paid endorsem*nt for Public.com.

Fractional shares are illiquid outside of Public and not transferable. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see our Fractional Share Disclosure to learn more.

Diversification cannot ensure a profit or protect against loss in a declining market. It is a strategy used to help mitigate risk.

Brokerage services for US Listed and registered securities offered by Open To The Public Investing, member FINRA & SIPC. Open to the Public Investing does not offer Regulation A securities such as royalties.

The issuer, Public Shrek Royalties LLC, is offering Shrek Franchise Original Music in reliance on Regulation A under the Securities Act of 1933 and through the use of an Offering Statement that the Securities and Exchange Commission (‘SEC”) has qualified under Tier II of Regulation A. While the SEC staff reviews certain forms and filings for compliance with disclosure obligations, the SEC does not evaluate the merits of any offering, nor does it determine if any securities offered are “good” investments. The securities offered are speculative, illiquid, and an investor could lose the entire investment. Investors should read the relevant Offering Circular and consider the risks disclosed therein before investing. Brokerage services for Regulation A securities available on Public are offered by Dalmore Group, LLC (“Dalmore”), member of FINRA & SIPC.

In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. Regulation A offerings are speculative, illiquid, and involve a high degree of risk, including the possible loss of your entire investment.

You May Also Like

The 6 Biggest Money Secrets Most Rich People Won’t Tell You

by The Penny Hoarder

If You Have More Than $1,000 in Your Checking Account, Make These 6 Moves

by The Penny Hoarder

This 7-Day Savings Challenge Is Going Viral By Making People Richer

by The Penny Hoarder

50 Ways to Make Extra Money This Month

by The Penny Hoarder

Some of the links in this post are from our sponsors. We’re letting you know because it’s whatHonestAbewould do. After all, he is on our favorite coin.

These Are the 6 Easiest Ways We’ve Ever Seen to Make Passive Income – The Penny Hoarder (2024)

FAQs

How does the penny hoarder make money? ›

Millennials in search of a side gig read The Penny Hoarder to find ways to make extra money and save. The site earned $20.8 million last year by focusing on native, affiliate marketing. It earns 95% of its revenue from affiliate and performance campaigns, and less than 5% from display advertising.

How to make $1,000 dollars a month in passive income? ›

Passive Income: 7 Ways To Make an Extra $1,000 a Month
  1. Buy US Treasuries. U.S. Treasuries are still paying attractive yields on short-term investments. ...
  2. Rent Out Your Yard. ...
  3. Rent Out Your Car. ...
  4. Rental Real Estate. ...
  5. Publish an E-Book. ...
  6. Become an Affiliate. ...
  7. Sell an Online Course. ...
  8. Bottom Line.
Apr 18, 2024

How to turn $5,000 into passive income? ›

Invest in Real Estate

It allows you to earn a steady passive income and take control of your financial future for as little as $5,000.

Why is hoarding cash bad? ›

“When you hoard cash, you miss out on the potential returns you could have made from investing that money,” Hathai said. “This could be in stocks, bonds, real estate or any number of other investment vehicles.”

How can I make $100 a day? ›

How to Make 100 Dollars A Day (Without a Job)
  1. Launch An Ecommerce Store.
  2. Become A Freelancer.
  3. Create and Sell Online Courses.
  4. Become An Influencer.
  5. Become An Uber/Lyft Driver.
  6. Online Tutoring.
  7. Become An Airbnb Host.
  8. Pet Sitting.
Jun 6, 2024

How can I make $500 a day passive income? ›

9 Passive Income Ideas – How I Make $500 per Day
  1. Rental Properties. Rental properties can provide a steady stream of passive income. ...
  2. Dividend Stocks. ...
  3. Peer-to-Peer Lending. ...
  4. Royalties. ...
  5. Affiliate Marketing. ...
  6. Real Estate Investment Trusts (REITs) ...
  7. Create an Online Course. ...
  8. Create an App or Software.
Mar 20, 2023

How much money do I need to invest to make $4000 a month? ›

Making $4,000 a month based on your investments alone is not a small feat. For example, if you have an investment or combination of investments with a 9.5% yield, you would have to invest $500,000 or more potentially. This is a high amount, but could almost guarantee you a $4,000 monthly dividend income.

How to make 10k a month? ›

In this guide, we'll share the 10 best ways to make $10,000 per month, including:
  1. Sell Private Label Rights (PLR) products 📝
  2. Start a dropshipping online business 📦
  3. Start a blog and leverage ad income 💻
  4. Freelance your skills 🎨
  5. Fulfillment By Amazon (FBA) 📚
  6. Flip vintage apparel, furniture, and decor 🛋
Feb 23, 2024

How are people making passive income in 2024? ›

For ideas on what high-paying passive income side hustles might work for you, you could consider any of the following as falling into the "passive income" category: Real estate investing. Buying dividend stocks. Airbnb rentals and experiences.

How to make $2,000 a month passive income? ›

Passive income ideas:
  1. Create a course.
  2. Write an e-book.
  3. Rental income.
  4. Affiliate marketing.
  5. Flip retail products.
  6. Sell photography online.
  7. Buy crowdfunded real estate.
  8. Peer-to-peer lending.
May 1, 2024

How much does Penny Hoarder pay? ›

The Penny Hoarder Salary FAQs

The average The Penny Hoarder hourly pay ranges from approximately $21 per hour (estimate) for an Intern - Hourly to $21 per hour (estimate) for an Intern - Hourly. The Penny Hoarder employees rate the overall compensation and benefits package 3/5 stars.

How much is the penny hoarder worth? ›

In December 2020, Clearlink acquired The Penny Hoarder for $102.5 million.

How much does the penny challenge make? ›

The challenge starts by saving just one penny on the first day, followed by two pennies on the second day, three pennies on the third day, and so on. By the end of 365 days, you'll be having a surprising sum of £667.95 in total.

How much money does the mint lose making pennies? ›

Production at a loss – In 2022, it cost 2.72 cents to mint a penny. With a 2022 production of an estimated 6,359,600,000 pennies, this results in an annual loss for the U.S. government of around $110 million.

Top Articles
Latest Posts
Article information

Author: Rev. Leonie Wyman

Last Updated:

Views: 6581

Rating: 4.9 / 5 (79 voted)

Reviews: 94% of readers found this page helpful

Author information

Name: Rev. Leonie Wyman

Birthday: 1993-07-01

Address: Suite 763 6272 Lang Bypass, New Xochitlport, VT 72704-3308

Phone: +22014484519944

Job: Banking Officer

Hobby: Sailing, Gaming, Basketball, Calligraphy, Mycology, Astronomy, Juggling

Introduction: My name is Rev. Leonie Wyman, I am a colorful, tasty, splendid, fair, witty, gorgeous, splendid person who loves writing and wants to share my knowledge and understanding with you.