Passive income. We all want it. We all crave it. We all want to make money without work. But are there actually any good passive income ideas that we can implement in 2018?
The answer is yes, and we’ve put together a list below of 31 ways to make passive income in 2018.
There are four main ways to earn passive income:
- By investing money
- By investing time
- By renting things out
- By getting paid to do activities you do anyway.
Below we have given you specific ideas for each of these four passive income categories for a total of 31 passive income ideas.
The most passive forms of income will require you to put up at least a little bit of money up-front.
Here are our top passive income picks for 2018.
1. Easily check to see if stores owe you money.
This one’s pretty interesting since it’s not so much passive income but rather passive savings.
The gist of it is that you get cash back on items you bought online when the price of those items drop.
It’s like price matching, but after the fact!
And there’s a new, 100% free tool called Paribus that will help you get the refunds you deserve.
Once you sign up for Paribus, it will scan your emails for any purchase receipts from dozens of online retailers.
Paribus will then track the price of the item(s) you purchased and work to get you a refund when the price drops.
Sign up for Paribus, and let it do the heavy lifting for you.
If you’d like to start getting refunds on your online purchases, click here to sign up for Paribus. Remember, it’s 100% free!
Check out this 15-second video to learn more about Paribus. 👇
2. Invest in dividend-paying stocks.
We love dividends here at Money Done Right.
When you invest in a dividend-paying stock, you are acquiring a portion of a company that somebody else built and that thousands of other people work for, and they are giving you a portion of their profits. Blows my mind!
There are plenty of great places to open up a stock-investing account, but the one that’s getting us hot and bothered at the moment is Ally Invest.
Ally Invest is great because you can trade dividend stocks for as little as $3.95 per trade compared to $6.95 at E*TRADE and Charles Schwab.
Ally Invest has developed a pretty amazing platform, and no matter if the stock market goes up or done, we still get dividends deposited into our Ally Invest account every quarter!
3. Invest in Private Real Estate Deals With Only $500
Real estate is one of the classic forms of passive income: you own property, and others pay you for using it.
The downside to traditional real estate, of course, is that you typically need a lot of cash to get started.
Not so anymore with the rise of private real estate investing platforms.
We personally invest in one of these platforms called Fundrise.
Fundrise lets everyday people invest in top deals across the nation — way better deals than most people could find on their own.
It also lets you diversify your real estate holdings.
And for the first 90 days of your investment, Fundrise will buy your investment back at the original investment amount if for any reason you are not satisfied.
4. Lend money in $25 increments earning 4-6%.
Lending out money is one of the oldest ways to earn passive income.
It’s essentially renting out your money for either people to use, and the rent you charge is known as the interest rate.
Now, in the old days, if you wanted to lend money to somebody in particular, you were taking on a pretty risky business, unless he or she put up some form of collateral.
But now, thanks to technology, you can spread out the risk by only lending your money in $25 increments.
How does this work?
Well, let’s say Borrower A needs a $25,000 loan.
Instead of going to one entity, like a bank or rich person, to borrow the full $25,000 — which would be very risky to that one entity — he or she borrows $25 from 1,000 people.
This scenario presents much less risk because the most any single investor could lose is only $25.
Such an arrangement would have been administratively impossible just 15 years ago.
But thanks to the wonders of the Internet, it is now very possible, and the peer-to-peer lending industry, as it’s known, is thriving for borrowers and investors alike.
5. Make $1,000s playing trivia.
What’s the capital of Germany? Who was the first Beatle to get married? What year did Game of Thrones debut?
If you answered Berlin, John Lennon, and 2011 to the questions above, you may want to check out this new FREE trivia app that pays you huge cash prizes for your
useless unique knowledge!
Today’s prize is worth over $1,000! Will you be the winner?
Is this passive income? By our definition it is! It’s making money without work!
6. Earn 2.2% on a 12-month CD.
Yes, you read that right.
For a limited time through our link, CIT Bank is offering a whopping 2.2% on a 12-month CD.
If you’re concerned about the stock and real estate markets getting a little too frothy here in 2018, then an FDIC-insured certificate of deposit with CIT Bank may be just your cup of tea.
Invest $1,000 today, and you’ll earn a virtually guaranteed $22 over the next 12 months.
Invest $10,000 today, and you’ll earn $220.
7. Start a blog.
Some passive income ideas require an investment of money, and others require an investment of time.
Blogging is definitely the latter. Rather than putting a lot of money in upfront, you put a lot of time in upfront and reap the passive income streams later.
In the span of little over a year, we have been able to grow this blog into generating for us over $28,000 of passive revenue last month (June 2018).
Sign up for our FREE 9-day e-course below to learn how to start your own money-making blog!
8. Rent out your spare room.
Renting out lodging can be an incredible way to earn extra money.
I know some people making thousands of dollars a month, all by renting out an extra room to short-term guests.
Now, if you wanted to do this 10 years ago, you would’ve had to post an ad in the classifieds or on shady old Craigslist.
Gladly, those days are over.
You can now put up your spare room for rent on Airbnb and screen out prospective guests. (Guests are rated by their hosts for things like cleanliness and communication.)
9. Write slogans.
Are you kinda witty?
Then you may be able to make passive income just by thinking up slogans in your spare time. Here’s how it works:
- Write a catchy slogan.
- Upload it online here.
- Get paid every time someone uses your slogan! Passive income!
10. Rent out your car.
Do you simply drive to work and leave your car sitting in a parking lot all day?
Or are you going on a vacation soon while your car will be left unused at home?
If so, renting out your automobile while you’re not using it could be an easy source of income for you.
There is a website called Turo that acts as a private rental car listing-service.
When you rent your car through Turo, your car is protected against physical damage, up to its actual cash value, for collision and most “comprehensive” causes, including theft.
You are also covered by $1 million in liability insurance.
11. Get paid to play video games.
This is another one of those passive income ideas where you get paid to do something you enjoy, so it’s not really work at all.
With more and more video games being produced every year, more and more video game companies are looking for everyday gamers to review their products.
12. Sell your photos.
Are you good behind the camera?
Then you can make a somewhat passive side income licensing your photos online for others to download.
For example, I get all my pictures for this blog from various stock photo sites on the Internet.
And every time I download a photo, the photographer who uploaded it gets a royalty!
Licensing one picture that you take and upload now can give you cash flow forever as it’s downloaded again and again!
13. Get paid $10 – $50 to try new restaurants.
There’s a new app that will actually pay you for dining out.
Here’s how it works:
(1) Click here to download the app and get a $5 bonus.
(2) Book a reservation through the app.
(3) Get paid $10 – $50 in Amazon or Lyft gift cards.
How is this possible, you ask?
Easy. Restaurants know that the lifetime value of a repeat customer could be hundreds or even thousands of dollars.
So they are more than willing to give $10 – $50 to a new customer in the hopes that they become a lifelong patron.
14. Get your bank and credit card fees refunded.
This isn’t really passive “income” per se, but it is an opportunity for you to increase your net worth somewhat passively.
There’s a new website that can get you refunds on fees like:
- Overdraft fees
- Monthly service fees
- Minimum balance fees
- ATM fees
- Late fees
- Wire transfer fees
- Foreign transaction fees
- Credit card interest charges
15. Get paid to have an app on your phone.
There’s an app that will pay you just for having it on your phone.
It doesn’t get much more passive than that! You heard me right.
They will pay you $50 per year per device just for having your app on there!
Talk about the ultimate passive income opportunity!
16. Get paid for doing things you do anyway.
Swagbucks ($5 sign-up bonus) is a great app to use to make money whenever you have some downtime, say while you’re in line at the store or while watching some mindless TV program.
There are a variety of ways to make money with the Swagbucks app, including:
- Playing games on your phone
- Using the Swagbucks search engine
- Watching videos
- Taking surveys
- Getting cash back on online purchases
- Using coupons
- And more!
17. Get cash back on stuff you buy anyway.
One way to create passive income with no money is to get paid for doing things you do anyway, like going shopping.
There’s a little-known app called Ibotta ($10 bonus if you click here) that literally gives you cash back on things you buy anyway, just for taking pictures of your shopping receipts!
To date, I have made $1,357.09 from this little app.
And yes, they pay you cash through Paypal!
And oh yeah, if you sign up with Ibotta through our special $10 bonus link (click here), you’ll get a $10 bonus when you submit your first receipt!
18. Play a free slots app to win money.
Long Game (click here for 1,000 coin bonus when you use Promo Code 28ZEPK) is a free app that basically gamifies and rewards you for your savings.
Here’s how Long Game works:
(1) You deposit money into your Long Game account and earn interest on it. Note that this money belongs to you, just like it does in your bank account.Long Game does not collect any fees out of the money you put in, and you can withdraw it at any time.
(3) You use these coins to play slot games with prizes ranging from $100 to $1,000,000!
So while you do have to put money into the app to play, this money belongs to you, not the house!
How does Long Game make money to pay their employees as well as your winnings?
Easy. Long Game earns interest on the money you deposit, and it’s out of this interest that it pays out the winnings.
19. Get paid to get gas.
Trunow is a free app that gives you 1% cash back for every gas station receipt you submit and 2% back at Trunow Partners.
If you drive a lot (or even if you don’t), this can add up to a decent chunk of change!
20. Get paid to use less electricity.
OhmConnect ($20 sign-up bonus) is a free service that rewards you for saving energy when it matters most to the grid and the environment.
You will receive a notification about once per week to save energy for an hour.
If you save energy, you receive cash.
21. Check your credit score.
While this isn’t directly a way to generate passive income, checking on your credit score and finding ways to improve it can passively grow your net worth.
How so? Well, by simply increasing your credit score a little bit, you can, for example, pay less in interest, which will grow your wealth in the long-term.
We’ve found that Credit Sesame is the best free website that can calculate and monitor your credit score.
22. Use a free money-saving bot.
Sometimes the best way to make money is to save money.
Subscriptions, especially those that go unused, can add up over time.
Thankfully, there’s a free money-saving bot called Trim that will go through all your subscriptions, let you know how much you are paying for each of them every month, and cancel them with a simple text message if you’d like.
And Trim not only keeps track of your subscriptions, but it also negotiates your monthly bills such as cable and Internet so you keep more money in your pocket.
23. Get paid to walk.
I just made $10 for walking, paid in cash via PayPal.
There’s a new app, Sweatcoin, that will pay you for every step you take.
It motivates me to go for more runs, take the stairs more often, and be an all-around more active person.
24. Get paid to shop on Amazon.
If you’re a regular Amazon shopper, you can earn money each month simply by letting a research company track your purchase history.
25. Take online surveys.
This one’s not exactly “passive,” but it is certainly mindless.
You can take surveys when you’re binging on Netflix or in line at the grocery store or waiting to pick your kids up.
The trick is that there are only a few legit survey sites. We recommend Survey Junkie.
It’s 100% legit, and they do not send you spammy junk emails.
Their payouts are excellent, and they pay you in cash via PayPal.
📱 Top Survey Site
Survey Junkie has an 8.9/10 rating on TrustPilot — the highest of any online survey company.
And they also have some really fun surveys.
For example, in the screenshot below you’ll see a pretty awesome music review survey that I recently did. I made $50 reviewing music! 🎶
Now, I must tell you that not all surveys are this fun, and not all pay this well, but every once in a while you get a great one like this!
Also, it’s satisfying knowing that companies will use my opinions and inputs to make decisions about not only music, but also food, restaurants, consumer products, movies, and a lot more.
26. Get paid to lose weight.
If you can commit to shedding some pounds, it may pay off handsomely for you to cut that habit because you can literally get paid to lose weight through a new company called HealthyWage.
Check out this Good Morning America special on HealthyWage that explains how it works:
You can bet as little or as much as you want, but obviously the more you bet, the more you stand to win!
Also, you can bet on your weight loss of any period between 6 and 18 months.
27. Get cash back when you shop online.
Ebates ($10 sign-up bonus if you use our link) is a free website and app that gives you up to 40% cash back at over 2,500 online stores.
If you shop online a lot (or even if you don’t), this can add up to a decent chunk of change!
28. Invest in cryptocurrencies like Bitcoin.
Nevertheless, many people have become unlikely millionaires by investing in cryptocurrencies, and the concept of cryptocurrencies is not without merit.
However, you have to know what you’re doing, or you’ll get creamed in the cryptocurrency market.
29. Get up to 5% cash back on all purchases with this new credit card.
Cash back on purchases is one of the most beautiful forms of passive income out there because they’re tax-free.
And there’s a new credit card that offers up to 5% cash back on all purchases — not just on certain items or on rotating categories.
It also gives you monthly cash forever when you refer new users.
So this new credit card gives you not one but two ways to generate passive income every month!
30. Get a Free 401(k) Analysis.
If you’ve ever worked in corporate America, you probably have a 401(k) retirement plan through your current or former employer.
And while your 401(k) is generating passive income for you, it’s possible that it’s not optimized for the best performance.
Just improving your returns by 1% a year can make a huge difference.
Let’s say you have $50,000 in your 401(k), and it will earn you 6% over time.
Increase your returns so that you earn 7% a year will mean over $65,000 more in your 401(k) over 30 years’ time.
A properly-optimized 401(k) can generate for you additional tens or even hundreds of thousands of dollars of passive income over time.
That’s where Blooom comes in.
When you sign up for Blooom, your 401(k) will immediately be analyzed, and you will be shown what kind of hidden fees you’re currently paying in your 401(k).
31. Track Your Wealth in Personal Capital and Get a $20 Bonus.
Personal Capital isn’t so much a way to make passive income as it is to manage your passive income sources.
What is Personal Capital? It’s a free net worth and investment tracking website and app.
Your account balances are updated in real time! We personally use it to track our wealth and love the easy-to-use interface.
Editor’s note: Paribus compensates us when you sign up for Paribus using the links we provide.
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