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20 Best Passive Income Ideas to Help You Make Money 24/7

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Want to Make Smarter Money Moves?

Looking for ways to make passive income? I'm sharing my secret stash of an untapped list of the best passive income ideas to make money online in 2020.

Passive income seems like an elusive fantasy for most people. I want to spread the word and set the record straight that passive income is for anyone to enjoy.

Depending on how much disposable cash a person has, they can put their money to work in areas ranging from high yield savings accounts, real estate, and more unique ways such as peer-to-peer lending.

Realty Shares did a study and found that only about 15% of Americans invest in real estate beyond their primary residence. I believe this is due to a lack of awareness that investments in real estate can be made for under $1000 with companies like Fundrise.

Clearing up misconceptions such as these can be a significant difference maker for individuals looking to learn how to make money online fast. But what are the best approaches to generating passive income in 2020?

The Two Approaches to Generating Passive Income

I'm now going to reveal the untapped list of the best passive income ideas to make money online in 2020.

Before I pull back the curtain and share some of the most creative and best passive income ideas you must know that are two ways to generate passive income, creating passive income if you have money and passive income if you have time.

Creating Passive Income (if you have money)

Creating Passive Income (if you have time)

We all heard the old saying “Make your money work for you” right? Making passive income can sound tough if you don't have a lot of money lying around. But passive income can be for everyone — even if you only have $50. Here are some ideas you can start with:

What's better than money? Time. Whether it's after work, on the weekends, or even in the mornings — you stand a chance to generate passive income streams… all you need is time and effort. Don't believe me? Here are some legit passive income ideas to start with:


#1: Open a high-yield savings account

You may not consider a high-yield savings account as passive income but it is. If you have cash sitting in a checking account or a traditional savings account, no matter what amount, it's likely earning only 0.09% (the national average). It now pays off to have high-yield savings accounts that now offers attractive interest rates. Basically, the higher your interest rate, the more money you make off your cash.

CIT Bank is a great example of this. They let you enjoy an amazing rate of 2.10% APY when you open a new CIT Bank Money Market Savings Account at CIT Bank. That's over 22x the national average savings rate!

You can open a new savings account with their low $100 minimum opening deposit requirement and it's as simple as that.

CIT Bank provides an outstanding example of what you can receive in an internet bank with its amazingly high APY and their outstanding service.

Open a CIT Savings Builder account and get a 2.10% APY!

capital one savings account1.90% APY
On all balances
financeblog1.80% APY
Annual Percentage Yield
financeblog1.80% APY
Annual Percentage Yield

If you are interested in opening an account, check out the best high-interest savings accounts.

#2: Invest in crowdfunded real estate

make 700 dollars

Wouldn’t it be great if you could invest in commercial real estate and apartments without dealing with all the hassle of buying, improving, and re-selling real estate?

You don't have to be a millionaire to invest in these types of properties. You can now invest in large-scale real estate for as little as $500 with Fundrise.

Through their real estate investment products, investors earned an average of 8 – 11 percent on their money last year, and all without painting a wall or dealing with unruly tenants.

There is a reason why they currently have over 50,000+ users, this app really pays you!

If you’re interested, I recommend you sign up for more information from Fundrise by clicking here.

#3: Earn passive income by renting out a room in your home.

best passive income ideas

No matter what kind of home or room you have to share, Airbnb makes it simple and secure to host travelers. You’re in full control of your availability, prices, house rules, and how you interact with guests.

Like Uber did for Taxis before it, Airbnb is fast revolutionizing the holiday and travel accommodation industry, and you’re set to profit from it!

It is an online marketplace for people with space, rooms, or even entire houses to spare, Airbnb lets you list your place for rent just like a hotel or motel.

Maybe you’re traveling overseas yourself and want to make the most of your empty place while you’re away? Perhaps you have a spare room that currently houses nothing more than empty boxes? With Airbnb, you fill that empty space in your home and fill that empty spot in your wallet with more than a little spare change.

#4: Start investing with free commissions

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We all heard the old saying “make your money work for you” right? Investing can sound tough if you don't have a lot of money lying around. But investing can be for everyone — as some companies even give you free stock just for joining.

Moomoo will give you a free stock worth between $3 and $200 if you open an account with them. You don't have to deposit anything to receive the free stock either.

Not only does moomoo offer free trading, but they also offer you an intuitive mobile trading platform that will let you invest anywhere and anytime.

This is a great opportunity for investors or those looking to invest in companies that are poised for high growth and addressing global issues.  Click here if you are interested in learning more and getting a free stock.

#5: Get Cash Back for Shopping You Already Do

If you are not getting paid cash back for the shopping you do daily then your not making passive income. You can start doing this by using two simple strategies:

Step 1: Cash Back Credit Cards

If you’re serious about saving money to make extra money, then you should know about cash back credit cards. My favorite cash back card is American Express Blue Cash Everyday which has no fees at all and because you can get:

  • 3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).

  • 2% Cash Back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.


Also, this card is beneficial if wanted to claim a $250 bonus after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive the $250 back in the form of a statement credit.

Click here to apply and get a $250 bonus!

Strategy #2: Cash Back Shopping Portals

You can also utilize your cash back credit cards with these shopping portals for ultimate saving hacks:


Have you heard of MyPoints?  It’s a cash-back site that pays you to shop online. I love it because it lets you earn cash for the shopping you would do anyway.

MyPoints Gift Card

And right now, you can earn a $10 Amazon gift card with your first purchase at any retailer through MyPoints!

Here’s how it works…

  1. Sign up for MyPoints here (you just need to give them a name and email address).
  1. MyPoints will instantly send you an email to confirm your email address. You’ll need to click that to get the free gift card.
  1. You’ll also need to purchase $20 worth of products at any of the more than 1,50+ top retailers like Walmart, eBay, & Amazon. MyPoints will reward you with 1,750 bonus points that you can redeem for a $10 Amazon gift card.

That’s all! It’s basically $10 off anything you buy.

Click here to get your free Amazon gift card!


Looking for an easy passive income app? Dosh is the free cash back app that finds you money for shopping, dining out, and booking hotels and travel activities with more than 100,000 merchants and brands nationwide.

You probably already heard about apps that give you cash back.

The most popular one is most people know about is iBotta. However, this new app is giving Ibotta a run for its money, and for good reason.

This company not only allows you to get cash back on everyday purchases, but no receipt scanning required!

Heard enough? Click here to get started with Dosh and get a $5 sign up bonus.


Have you ever dreamed of paying less for gas each week? Well, that time has come, with GetUpside you can earn money by sharing your purchase receipts and shopping at local stores. I heard about this app on the radio and decided to try it out for myself.

The system is simple: you take a photo of your gas receipt and upload it. Then the app will digitize the receipt information and you'll get up to 25 cents off each gallon. I'm surprised I don't hear about this app more often though, I make a killing with it:

make money fast


You can likely rack up an extra couple hundred this year by using it. And you can also save up to 35% at restaurants and 15% at grocery stores near you. The money you earn can be transferred to your Paypal account or redeemed for gift cards to buy at Amazon and other stores.

You can get a download link sent to your phone here.

#6: Save on your student loans.

Refinance your student loans, like now. Sometimes you can make extra money just by finding new ways to save.

A big one that many people fail to remember is that you can save around $300/month just by refinancing your student loan debt.

Are you wondering did I get the best deal on my loan? Should I refinance? How do you go about refinancing?

With online student refinancing portals, you can now see how much you can save literally in minutes — and it doesn't affect your credit score.

Apply for a New Credit Card

ABOC Platinum Reward Credit CardABOC Platinum Rewards Mastercard

Earn $150 Back after you spend $1,200 in purchases on your new Card in your first 3 months.

Apply Now

If you are interested in refinancing student loans, it's simple to check. Here are our top 5 picks for refinancing student loans. You can get your new rate in under 2 minutes by visiting the lender to check your rate (doesn't affect your credit score):

LenderReviewsAPRCheck RateDetails
crediblecredible trust pilotFixed: 3.25% - 7.25%
Variable: 2.72% - 7.43%
Check rates
at Credible

Credible Details

  • Variable APR: 2.72% to 7.43%
  • Fixed APR: 3.25 to 7.25%
  • Loan Types: Variable and Fixed
  • Terms: 5, 7, 10, 15, 20
  • Eligible Degrees: Undergrad and Graduate
  • Eligible Loans: Private and Federal
laurel road student loan refinancelaurel road laurel roadFixed: 3.5% - 7.02% 
Variable: 2.5% - 6.65%
Check rates
at Laurel Road

Laurel Road Details

  • Variable APR: 3.23% to 6.65%
  • Fixed APR: 3.50% to 7.02%
  • Loan Types: Variable and Fixed
  • Terms: 5, 7, 10, 15, 20
  • Eligible Degrees: Undergrad and Graduate
  • Eligible Loans: Private and Federal
    earnest logoearnest trustpilotFixed: 3.50% - 7.89%
    Variable: 2.53% - 9.06%
    Check rates
    at Earnest

    Earnest Details

    • Variable APR: 2.53% - 9.06%
    • Fixed APR: 3.50% - 7.89%
    • Loan Types: Variable and Fixed
    • Terms: 5 – 10
    • Eligible Degrees: Undergrad and Graduate
    • Eligible Loans: Private and Federal
    lendkey student loan refinance tablelendkey trust pilotFixed: 3.64% - 7.50%
    Variable: 2.53% - 9.06%
    Check rates
    at LendKey

    LendKey Details

    • Variable APR: 2.53% - 9.06%
    • Fixed APR: 3.64% - 7.50%
    • Loan Types: Variable and Fixed
    • Terms: 5, 7, 10, 15, 20
    • Eligible Degrees: Undergrad and Graduate
    • Eligible Loans: Private and Federal
    sofi personal loan tablesofi trust pilotFixed: 3.89% - 8.07%
    Variable: 2.5% - 7.12%
    Check rates
    at SoFi

    SoFi Details

    • Variable APR: 2.80% to 7.91%
    • Fixed APR: 2.54% to 8.07%
    • Loan Types: Variable and Fixed
    • Terms: 5, 7, 10, 15, 20
    • Eligible Degrees: Undergrad and Graduate
    • Eligible Loans: Private and Federal

    #7: Save $1000’s by refinancing your home.

    If you are a homeowner, then this one of the smartest things you can look into.

    I currently work as a Business Analyst at Freddie Mac, so I know a thing or two about the mortgage market.

    If you own a home and have not yet taken advantage of historically low refinance rates, you probably are spending way more than you should be on your mortgage.

    LendingTree could help you refinance your mortgage at a significantly lower interest rate – Let’s say you can lower your rate by around 1%, on a $200K mortgage, can save you over $100/month and over $40,000 in total over the course of your 30-year loan!

    Click here to see how much you save over the life of your mortgage loan, it's free!

    Passive Income Ideas that Require Time & Effort Investment

    These passive income ideas require some time and effort on your part. No money is required, but time is.

    #8: Start a money making blog.

    how to make 400 dollars fast

    If you are looking for ways to make extra money online then you probably already know about blogging. But do you have one yet? And do you really know how much potential there is to make money with blogging?

    The best part? Starting a blog is easy. You can get the initial setup done in under 20 minutes.

    #9: Get paid to take surveys online.

    Websites like Survey Junkie can make you quick money for passively sharing your opinion and trying new products.

    It is 100% legit and simple: companies pay you in cash via PayPal so they can understand consumers better and survey takers can benefit.

    The number one survey site is Survey Junkie, which has an 8.9/10 on Trustpilot, the highest of any survey site.

    Expect to make between $1 and $50 per survey, it varies but most surveys take under 5 minutes to complete. If you're already a fan of Survey Junkie, be sure to check out our list of recommended paid survey sites.

    Knowing that companies are using your opinions to make decisions about restaurants, consumer products, movies and a lot more is oddly satisfying. They also have plenty of high paying surveys to choose from, so you don't have much to lose. You can get started with a registration bonus here.

    Click here to start making extra cash with Survey Junkie.

    #10: Score a $5 bonus from this rewards company.

    make $5 fast

    Swagbucks is a rewards site that pays you to do simple tasks like search the web, play games and even watch TV!

    It’s similar to Survey Junkie, but there are also a few other ways you can earn money as a member (including a $5 bonus just for signing up).

    Other ways you can make money with Swagbucks outside of surveys:

    Swagbucks is conveniently offering a $5 bonus just for signing up through this link, so act fast.

    There are quite a lot of reward sites out there. These just happen to be the more reputable ones that are legit. As always, be wary of handing out your information to random survey sites. I recommend using an entirely separate email address for online paid survey sites so you don’t clutter your inbox.

    #11: Get passive income for not deleting your emails.

    If there ever was a passive income app you should have in your life, it should be Paribus.

    Sign up for Paribus and find out if stores owe you a refund – effortlessly! This free app will scan your emails for any purchase receipts from dozens of online retailers.

    You don’t even have to know about the price drop in order to get your refund. It’s 100% free and will save you a lot of money.

    I pocketed around $50, in the first few weeks of signing up and you'll likely rack up $200-300 this year by using it.

    Click here to sign up for Paribus. Remember, it’s 100% free.

    #12: Download beer money apps that pay you passively.

    beer money apps

    This is an easy way to make money from home. By using the internet as you do every day, Nielsen invites you to make a difference – and you can make money too. You don’t even have to do anything other than registering your computer or phone.

    Nielsen will pay you $50 a year to keep their app on your favorite internet browsing device and they also give away $10,000 each month. So you can possibly make more than $50  for no effort at all.

    Like beer money apps? Here are some of our favorites:

    #1 BeerMoney App: Swagbucks App

    It's one of the highest paying beer money app that actually works and pays via PayPal ?. Earn money by having videos play (easiest way to earn), play games, use their search engine or participate in focus groups. As a new member, you can conveniently earn up to $35 per survey through this link.

    Join Swagbucks

    #2 BeerMoney App: InboxDollars

    You can even make money by using the InboxDollars search toolbar (an instant $1 credit) which, according to their Web site, could potentially net you up to $57 a year (passively). Most of the payouts on activities range from a few cents to a few dollars depending on what you choose. If you sign up before the end of this month they also give you a $5 free bonus just to give it a try.inboxdollars logo

    Join IB

    #3 Beer Money App: SwagIQ App

    This is a trivia app that hosts games over the SwagIQ app. Usually, the prizes are well over $1,000 so if you're privy to trivia, give it a go. What do I like about this beer money app? You'll get beer money just for testing your knowledge and they pay you straight cash without doing any work. Get A Free Swag IQ Account money apps

    Join SwagIQ

    #4 BeerMoney App: Nielsen Panel

    This company will pay you $50 a year keep their app on your favorite internet browsing device and they also give away $10,000 each month. So you can possibly make more than $100. Sign up through here for a registration bonus.

    BeerMoney Apps Join Nielsen

    #5 BeerMoney App: Panel App

    Panel App is a very slow earner but the basis is that it tracks your location in the background and will give you surveys about your location history every so often.BeerMoney

    Join Panel

    #13: Get paid to lose weight.

    how to make 1000 dollars

    HealthyWage offers people the opportunity to earn cash for losing weight. Earn cash for losing weight? Sounds too good to be true, but you read it right. The company was founded in 2009, and its HQ is in New York, and part of its mission is to provide ways to have a measurable impact on the growing obesity epidemic in the US.

    They do this by legitimately offering cash prizes to make weight loss and fitness wiki more fun and effective. Since HealthyWage was founded they have been featured in literally hundreds of newspapers, magazines, TV shows, blogs, and websites:

    best passive income ideas

    How can you make money with it?

    You essentially bet on yourself and how much weight you can lose. Since they are promoting ways to be healthy, your winnings depend on how much weight you lose and how much you bet. It's a great way to make money and be healthy at the same time.

    #14: Make making passively for walking into stores.

    make $900 fast

    Shopkick is the app that rewards you for walking into stores. You don't have to do anything else, just physically walk into a store nearby. You can earn reward points (they call them kicks), then redeem for a wide selection of free gift cards!

    So whether you have any stores you can walk by on your lunch break, or go shopping now and then, you can make some quick cash with this app.

    Click here to download and start getting paid just for walking into stores!

    #15: Pick up a rider on your way to work and earn.

    make $900 fast

    If you want to make legitimate money quickly, driving with Lyft is a smart side hustle.

    With Lyft, you get to drive people around your city and get paid well (I'm talking an extra $500 to $1000 a month with just a few hours on the weekend).

    Of course, your earnings will vary but you can earn even more now in 2020 since you get tipped directly and even get a $1000 driver sign up bonus in all cities.

    The smartest way to earn more is to drive when there is surge pricing. You might have guessed that surge pricing occurs when people are out and about most (weekday & weekend nights).

    So instead of partying up this weekend, why not make your $50 fast with Lyft?

    Click here to start your application with Lyft.

    #16. Share your car and earn passive income.

    best hybrid cars for the money

    Did you know that you can rent out your car when you're not using it? And that you can bring in a lot of extra cash in your wallet by doing so?

    Do you plan on heading on a vacation soon while your car sits unused at your home? Do you sometimes not use your car on the weekends?  If so, renting out your car while you're not using it could be an easy way to make passive income. A well-known company, Turo, which has signed up nearly 5 million users to its website, according to Bloomberg, lets you do just that.

    It's also really simple to do (and free). Listing your car is quick and easy and takes less than 10 minutes to set up. According to a recent Turo review, somebody listed their car for 5 days every month and made $3,496 in a year. Sounds pretty good to me. Oh, and they also protect your car against physical damage, so you're fully covered. You can sign up here and start making money with your car.

    #17: Start a low-risk drop shipping business online.

    Oberlo allows you to easily import products from AliExpress directly into your Shopify store and ship directly to your customers – in only a few clicks. It's very simple to open a shop on Shopify and drop ship items in order to create a business without too much risk.  You can literally start and set up a drop shipping business without any type of product in one afternoon with minimal risk as Shopify has a 14-day free trial and Oberlo is completely free through this link.

    #18: Make passive income with your smarts.

    make $900 fast

    What is the most popular drink in the world that does not contain alcohol? What is the official national anthem of the United States of America? What is the Capital of Australia?

    If you answered coffee, star-spangled banner, and Canberra, then you may want to look into the new Trivia App called SwagIQ that pays you huge cash prizes for your smarts.

    Today’s prize is worth over $1,000!

    I'll be playing, will you?

    Click here to download the free trivia app and start winning cash daily!

    #19: Earn money for watching YouTube videos.

    how to make 400 dollars fast

    Many of you have come here by searching “how to make $50 fast.” Well, here you go. This has got to be one of the fastest and easiest ways to make quick money.

    Did you know you can actually get paid to watch movie previews, celebrity videos, news and all sorts of other videos?

    You can sign up for websites like Swagbucks and Survey Junkie that will pay you to watch certain videos. They will tell you how many minutes you need to watch the video for and you might also be asked to like the video.

    While you not going to make a career out of it, it’s very easy money for pressing a few buttons on your phone in your free time. There really is no limit when it comes to the question of how to make money online.

    You can make around $500 a month by spending 15 minutes a day on surveys. If you wanted to make money by watching videos and other tasks you may be interested in:

    1. LifePoints: Is known as one of the #1 paid survey site. Take paid surveys anytime and anywhere via PC, Laptop, Tablet, Cell Phone or Mobile App. Join LifePoints Now
    2. Swagbucks: Watch videos, take surveys, shop and more to earn real money. Join Swagbucks Now to Get $5 Free
    3. SurveyJunkie: Make up to $50 per survey in your spare time from home to take online surveys, participating in Focus Groups and trying new products. Join SurveyJunkie Now
    4. InboxDollars: Has so far paid its members over $40 Million. Watch videos, take surveys, shop and more. Join InboxDollars Now and Get Free $5

    #20: Earn money passively by reading emails.

    paid online surveys

    Earn extra cash by evaluating products and services. Get up to $50 for each completed survey, product and service reviews. Plus earn up to $.50 for every email you read. Free to Join! MindsPay compensates its members to test out products, services and give feedback on those tested. It's free to sign up and only requires a small amount of information.

    Click here for a registration bonus after confirming your email address.

    The Bottom Line

    Passive income can be for anyone regardless if they have money or just time. So if any of these passive income ideas was enticing in the slightest, go for it.

    You don't have much to lose, but a lot of passive income to gain year after year.

    In fact, if you were to make an extra $100 a day, that's $3,000 extra a month, and an extra $36,000 a year.

    While it may take some work to get up to $100 a day, it is certainly possible.

    What are you waiting for? Here's to you scrolling back up and choosing one of the best passive income ideas to boost your income and get paid 24/7.

    Looking for some more of the best passive income ideas? Here are 30 more passive income websites from Student Loans Advice worth checking out. 

    Finance Blog Staff

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    CompanyWhat You NeedEarning Potential
    fundrise trustpilot$500 to Invest in Real Estate8.7 – 12.4% Annual Returns


    side hustleswagbucks trustpilot

    Smartphone$100+ Per Month


    surveyjunkie make money

    SmartphoneUp to $50 Per Survey


    cdc iconlyft trustpilotVehicle$60 Per Day


    airbnbairbnb trustpilotApartment or House$650 Per Week


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