The Top 5 Passive Income Sources for 2022

The links in this article are from some of our sponsors. We give you factual, dependable information. Discover how we generate revenue and how we choose our advertising partners. Most likely, you've heard of passive income. Right, it sounds appealing. But, by definition, passive income is revenue you receive without exerting any effort or participation on your side. Free cash? Count me in! Unfortunately, that is a typical misunderstanding. You can't expect to generate passive revenue by being fully passive, just like you can't pick money off of a tree. However, it's a practical means of earning money that gives you independence and security. Here is a guide to comprehending the concept of passive income and how to get started if you're interested in creating a stream of it.

1. Purchase a Hotel, Even if You Aren't Rich

There's no reason you can't invest in hotels – even if you're not rich.

By providing you with access to private commercial and residential real estate deals in important markets, a company by the name of Yieldstreet enables you to get started in the world of real estate. What's best? The landlord does not have to be you. Yieldstreet does all the labor-intensive work.

Normally, only the rich have access to chances like these. Still, now you can invest in properties like opulent apartments in Nashville, multi-family homes in Dallas, and yes, even a resort-style hotel in Scottsdale, Arizona.

With average annualized returns of 10.3% over the past 25 years, private real estate has outperformed the S&P 500 on average. And Yieldstreet has a strict vetting process to identify what properties to invest in to eliminate any surprises.

After investing, you may monitor your progress on Yieldstreet's website and see how properties are bought, renovated, and run. Dividend payments made every quarter and potential property appreciation over time are two ways you could make money.

Therefore, creating an account with Yieldstreet only takes a few minutes if you want to start in the world of real estate investing.

2. Earn Cash Playing Bingo

Every time you win at bingo, the free Bingo Cash iPhone app will pay you up to $80.

Numerous versions of the game are based on the traditional Bingo structure. You'll compete against players with comparable skill levels. Since everyone receives the identical board and sees the same bingo balls, success is only a function of one's competence. A game's top three finishers can earn real money, ranging from $1 to $80.

It is rated 4.7 stars on the App Store (out of 5).

Simply download the app for free to get going, then launch it to play your first game.

3. Utilize This Covert Debit Card

Let's get to it: You're losing out on extra money if you don't use Aspiration's debit card. And right now, who doesn't want more money?

Yep. In addition to receiving up to 50 times the standard national interest rate on your savings amount when you sign up for the Aspiration debit card, you may be eligible to receive up to 5% back when you swipe at specific retailers.

It's ideal for generating additional income to pay for items already on your shopping list. So why not earn some extra cash while purchasing the items you were planning to buy in the first place?

There used to be a lengthy waiting list for this card, but you can now join for nothing.

To find out how much extra money you can get with your free Aspiration account, just enter your email address here and connect your bank account. And do not fret. Your funds are protected by military-grade encryption and FDIC insurance. Nerd slang for "this is completely safe."

4. Get Free Stock worth up to $200.

You're not alone if you think you lack the resources to begin investing. But guess what? You really don't need that much, and if you know where to look, you can even receive free stocks (valued at up to $200!).

You can start investing with Robinhood whether you have $5, $100, or $800 to spare.

Yes, I'm sure you've heard of Robinhood. Its zero commission fees and unlimited stock trading make it a favorite among both novice and experienced investors. It is also really simple to use.

What is ideal? Robinhood adds a free share of stock to your account after you download the app and fund it (it doesn't take long). But because it's random, that stock may be worth anywhere from $2.50 to $200, which would be a nice increase for your investment portfolio.

5. Receive $225 in free cash.

You would undoubtedly chuckle if we told you that all you had to do to earn free money was watch videos on your computer. Right, that sounds too good to be true. But we mean it.

You can get paid by InboxDollars to watch online videos that are only a few seconds long. You can be watching someone make brownies one moment, and the next, you might be reading the most recent Kardashian drama news.

Simply select the films you want to see, then respond to a few brief questions about them afterward. You receive a portion of what brands pay InboxDollars to show these videos to visitors.

While InboxDollars won't make you rich, watching these videos could earn you up to $225 each month. More than $56 million in user payments have already been made.

You can sign up in under a minute, and once you do, you'll get a $5 bonus to get you going.

Aspiration Financial, LLC, a registered broker-dealer, Member of FINRA/SIPC, and a division of Aspiration Partners, Inc. ("Aspiration"), provides cash management accounts known as Aspiration Spend & Save Accounts. Aspiration is not a bank.