Top 13 Passive Income Apps to Grow Your Wealth in 2024

Are you tired of living paycheck to paycheck and dreaming of a more secure financial future? If so, you’re not alone. Many people are seeking ways to supplement their income without the hassle of a second job. That’s where passive income apps come in!
My name is CPA Bisho Jit, and as an internet marketer and entrepreneur, I’ve explored various avenues to grow my wealth. Passive income apps allow you to earn money while you sleep. That sounds appealing, right?
In this article, I’ll share the top 13 passive income apps for 2024 that can help you build a sustainable income stream with minimal effort. Whether you’re a seasoned investor or just starting, there’s something here for everyone. Let’s dive in and discover how these apps can work for you!
What are Passive Income Apps?

Passive income apps are digital platforms designed to help you earn money with little to no ongoing effort. Unlike traditional jobs where you trade hours for dollars, these apps allow you to generate income by leveraging your existing resources, time, or skills.
The beauty of passive income is that it continues to flow even when you’re not actively working. Imagine earning money while you sleep, travel, or enjoy your favorite hobbies! Passive income apps can come in various forms, including investment platforms, cashback rewards apps, and data-sharing services.
How Do They Work?
- Investment Platforms: Some apps, like Acorns or M1 Finance, enable you to invest your money in stocks, bonds, or real estate. You can start with a small amount, and as your investments grow, so does your income. The key is to choose a platform that aligns with your financial goals.
- Cashback and Rewards Apps: Apps such as Swagbucks and Rakuten reward you for shopping online or completing simple tasks. Every time you make a purchase or complete an activity, you earn cash back or points that can be redeemed for gift cards or cash.
- Data Collection Services: Apps like MobileXpression and Honeygain allow you to share your data in exchange for rewards. You contribute to market research and receive compensation by simply installing the app.
- Peer-to-Peer Services: Platforms like Turo and Neighbor let you rent unused resources, such as a car or extra storage space. You earn money while others benefit from what you have available.
Why Use Passive Income Apps?
Using these apps offers several benefits:
- Flexibility: You can choose how much time you want to invest in earning money. Some apps require minimal setup, allowing you to start generating income quickly.
- Diversification: Engaging with multiple passive income apps helps you diversify your income sources. This way, you’re not relying solely on one avenue for financial growth.
- Accessibility: Many apps have low entry barriers, making them suitable for anyone, regardless of their financial background. You don’t need a lot of money or expertise to get started.
- Financial Freedom: The ultimate goal of using passive income apps is to achieve greater economic independence. By building multiple income streams, you can reduce financial stress and work towards your long-term goals.
Top 13 Passive Income Apps
Passive income apps have changed the way we think about earning money. They provide easy and convenient ways to grow wealth without needing a traditional job. Whether you’re looking to invest, earn rewards, or simply make some extra cash, an app can help you reach your financial goals.
Let’s explore the top 13 passive income apps for 2024, exploring how each one works, its benefits, and how to get started.
01. Acorns
Acorn is a micro-investing app designed to help you invest your spare change effortlessly. It rounds up your everyday purchases to the nearest dollar and invests the difference into a diversified portfolio.
How It Works
Acorns automatically round up the total to the next dollar when you purchase. For example, if you spend $2.75, Acorns will round it up to $3.00 and invest the extra $0.25. You can also set up recurring investments and choose from various portfolio options based on risk tolerance.
Pros and Cons
How to Start
- Download the app and create an account.
- Link your debit or credit card, and set your investment preferences.
- Start making purchases, and watch your spare change grow into investments!
02. Robinhood

Robinhood is a commission-free trading app that allows you to invest in stocks, ETFs, options, and cryptocurrencies. It’s designed for both new and experienced investors looking to build wealth without paying high fees.
How It Works
Robinhood offers a user-friendly platform for buying and selling various investments. You can start with as little as $1, making it accessible for everyone. The app also provides real-time market data and news to help you make informed decisions.
Pros and Cons
How to Start
To begin using Robinhood, download the app and create an account. Fund your account, and you can start trading immediately. Explore different investment options and use the app’s features to track your portfolio’s performance!
03. Fundraise

Fundrise is a real estate investing app that allows everyday investors to participate in real estate markets, previously accessible only to wealthy individuals. It enables you to invest in real estate projects with as little as $10, helping you diversify your investment portfolio.
How It Works
With Fundrise, you can choose from various investment plans that pool your money with other investors to fund real estate projects. The app offers different options, including eREITs (electronic real estate investment trusts) and eFunds, which focus on income-generating properties. The user-friendly app allows you to monitor your investment and track performance.
Pros and Cons
How to Start
To start investing with Fundrise, visit their website or download the app. Create an account, choose your investment plan, and fund your account with at least $10. Then, you can explore available real estate projects and start building your investment portfolio.
04. M1 Finance

M1 Finance is a powerful investment platform that combines the features of a robo-advisor with those of a traditional brokerage. It allows you to create a customized investment portfolio and automate your investments without paying commissions.
How It Works
M1 Finance lets you build a “pie” for your investments, where each slice represents a different stock or ETF. You can customize your portfolio by choosing from thousands of stocks and ETFs or selecting pre-made pies created by financial experts. The platform automatically rebalances your investments, ensuring they align with your goals.
Pros and Cons
How to Start
To begin with M1 Finance, download the app or visit their website to create an account. Once registered, you can set up your investment pie, fund your account with at least $100, and start investing. Enjoy the benefits of automated investing and watch your wealth grow over time!
05. Swagbucks

Swagbucks is a popular rewards app that allows users to earn points, known as SB, for various online activities, including shopping, taking surveys, watching videos, and playing games. You can redeem these points for gift cards or cash.
How It Works
Swagbucks offers multiple ways to earn points, making it easy to accumulate rewards. You can shop online through the app, complete surveys, watch entertaining videos, and even search the web. The more active you are, the more SB points you earn, which can be exchanged for popular gift cards or cash through PayPal.
Pros and Cons
How to Start
- Simply download the app or visit their website to create an account.
- After registering, explore the available earning activities and start collecting SB points.
- Choose your preferred rewards, and enjoy making passive income while doing everyday online tasks!
06. Ibotta

Ibotta is a cashback app that rewards users for shopping at their favorite online and in-store retailers. With Ibotta, you can earn cash back on everyday purchases by scanning your receipts or linking your loyalty cards.
How It Works
To use Ibotta, you must first download the app and create an account. After that, browse the available offers before you shop and select the ones you want to redeem. Once you’ve made your purchases, you can scan your receipt or link your store loyalty account to get your cashback. Ibotta also features bonuses for specific activities, making it easy to boost your earnings.
Pros and Cons
How to Start
- Download the app and create an account.
- Browse the available offers, select the ones that interest you, and head to your favorite store to shop.
- After making your purchases, upload your receipt or link your loyalty card to redeem your cash back.
07. Rakuten

Rakuten, formerly known as Ebates, is one of the most popular cashback shopping apps. It allows users to earn cash back on purchases made at thousands of retailers, both online and in-store.
How It Works
With Rakuten, you can create an account and earn cashback by shopping through their website or app. When you shop at a partner retailer, a percentage of your purchase is credited back to your Rakuten account. You can also earn cash back for in-store purchases by linking your credit or debit card to the app.
Pros and Cons
How to Start
To begin using Rakuten, download the app or visit their website. Sign up for a free account, and then start shopping through Rakuten’s links. After making a purchase, you’ll see your cashback earnings accumulate, which can be withdrawn as cash or used for gift cards once you reach the minimum payout threshold.
08. Honeygain

Honeygain is a unique passive income app that allows you to earn money by sharing your unused internet connection. By running the app on your devices, you can monetize your internet bandwidth while you go about your day.
How It Works
Once you install Honeygain on your devices, the app works quietly in the background, sharing your unused internet connection with their network. In return, you earn credits that can be converted into cash. The more devices you have running Honeygain, the more you can earn.
Pros and Cons
How to Start
To get started with Honeygain, download the app for your device (available for Windows, macOS, Linux, Android, and iOS). Create an account and start sharing your internet connection. You’ll begin earning credits immediately, which can be cashed out once you reach the payout threshold.
09. MobileXpression

MobileXpression is a market research app that pays users to share their mobile data. By downloading and installing the app on your smartphone, you contribute to market insights while earning rewards.
How It Works
After you sign up and install the MobileXpression app, it runs in the background of your device, collecting anonymous data about your mobile usage habits, such as app downloads, web browsing, and location. You don’t have to do anything actively; just let the app run. In return for your data, MobileXpression rewards you with points that can be redeemed for gift cards.
Pros and Cons
How to Start
To start with MobileXpression, download the app from the Google Play Store, create an account, and follow the prompts to install it. Once installed, you’ll earn points just by using your phone as usual. After accumulating enough, you can redeem your points for gift cards.
10. InboxDollars

InboxDollars is an engaging rewards platform that pays users for various online activities, including reading emails, taking surveys, and playing games. It’s a fun way to earn extra cash in your spare time.
How It Works
Once you sign up for InboxDollars, you can earn money by completing simple tasks. This includes watching videos, reading promotional emails, taking surveys, and playing games. Every time you complete a task, you earn cash that can be withdrawn once you reach a certain threshold.
Pros and Cons
How to Start
- Visit their website or download the app.
- Create an account, and you’ll be greeted with various tasks.
- Begin completing tasks right away to start earning cash, and keep an eye on your balance to reach the payout threshold for withdrawal.
11. Turo

Turo is a peer-to-peer car-sharing platform that allows you to rent out your personal vehicle when you’re not using it. Think of it as Airbnb but for cars! Whether you own a compact car, a luxury vehicle, or even a truck, Turo provides an opportunity to earn passive income from your idle assets.
How It Works
Once you sign up for Turo, you can list your car for rent by providing details like make, model, and availability. Renters browse available cars in their area, book their vehicles, and handle payment through the platform. Turo also offers insurance coverage and 24/7 roadside assistance, ensuring you and the renter are protected.
Pros and Cons
How to Start
- Download the app or visit the website and create an account.
- List your car by providing all the necessary details and setting your rental price.
- Once your vehicle is listed, renters can book it, and you can start earning passive income from your car!
12. Neighbor

Neighbor is an innovative platform that connects people with extra space with those looking for storage. Think of it as Airbnb for storage solutions. If you have a garage, basement, or even a spare room, you can rent it out to earn extra income.
How It Works
After signing up as a host on Neighbor, you can list your available space by providing details and uploading photos. Renters browse listings in their area and can book their space directly through the app. Payments are handled through the platform, and you receive income for the rental duration.
Pros and Cons
How to Start
- Download the app or visit their website.
- Sign up as a host and create a detailed listing of your space. Potential renters can contact you once your listing is live to arrange the details.
- Start earning money for unused space in your home!
13. Peer-to-Peer Lending Apps
Peer-to-peer (P2P) lending apps allow individuals to lend money directly to others, cutting out traditional banks. This platform creates a marketplace where borrowers can seek funds, and lenders can earn interest on their investments. It’s a unique way to grow your wealth while helping others.
How It Works
After signing up with a P2P lending platform, you can browse loan requests from individuals or small businesses looking for funds. You can fund part or all of a loan, and in return, you earn interest on the amount lent. Payments are typically made monthly until the loan is fully repaid.
Pros and Cons
How to Start
To start with peer-to-peer lending, choose a reputable P2P lending platform and create an account. Review the available loan requests, evaluate the risk and interest rates, and decide which loans to fund. Once you’ve chosen your loans, you can earn interest as borrowers repay them over time.
Conclusion
In today’s digital age, passive income apps offer a fantastic way to grow your wealth effortlessly. From earning cash back on everyday purchases with Ibotta and Rakuten to investing in real estate with Fundrise, these 13 apps can help you create diverse income streams with minimal effort.
Did you know? A survey found that 46% of Americans start side hustles to build passive income sources. This trend highlights the importance of having multiple income avenues to secure your financial future.
Utilizing these apps allows you to turn your spare time into extra cash while focusing on what truly matters. So, take the plunge and let your money work for you—start exploring these passive income opportunities today!