How to Make Passive Income Online


Knowing how to make passive income online is like knowing how to grow money on trees. If it were easy to make a passive income stream, everyone would quit their day jobs and never have to work a day in their lives. But in reality, this is not the case.

The truth is, making income without trading your time for money, i.e. working, is not easy. Making income online takes hard work, dedication, ingenuity, and a little bit of resourcefulness. With that said, here are some of the top ways you can start earning a passive income right now.

Top Passive Income Methods

List of Passive Income Methods for 2018

Passive Income Method

Best Choice


Money Market Account

CIT Bank

1.85% guaranteed

High Yield CD

CIT Bank

1.95% with 1yr lockup

Impact Investing

Swell Investing

5.28% to 27.04%

Online Real Estate Investing


12% (accredited investors only)

Online Surveys

Survey Junkie

Must do manual surveys

Selling Unused Items


Depends on items

The most obvious way to earn passive income online is with a high yielding bank account. Traditional savings accounts at mainstream banks like Bank of America and JP Morgan Chase pay virtually zero interest on client balances and charge outrageous monthly fees, yet millions turn a blind eye.

The Best Option for Earning Passive Interest

Online only banks, however, like CIT Bank, pay very healthy interest on all balances over $100. CIT’s Money Market Account (full review here) pays a whopping 1.75% interest that compounds everyday. Without question, this is the best way to earn truly passive income. Plus, there are never any maintenance, inactivity, or monthly fees with any CIT Bank accounts.

CIT Bank’s High Yield CD is also a very popular choice for earning as high as 1.95% APY. Keep in mind, with a CD, if you withdraw your money before the term is over (typical terms range form 12 to 36 months), you can face a penalty where your interest is diminished. This is why we prefer the flexibility that a money market account offers, and there is still no risk of loss since all CIT accounts are FDIC insured.

Online Surveys – An Alternative

Although this form of income is not truly passive, you won’t have to answer to a boss and you can set your own hours. In fact, completing online surveys from home is a clever way to earn anywhere from $50 to $500+ every month.

Survey Junkie is the best website to get started with online surveys. They pay promptly in cash via PayPal, and you’ll even earn a few dollars just for signing up and completing the 1 minute questionnaire.

Selling Unused Items

We count selling unused items as a form of passive income, because once you take a picture of an item and post it for sale on Craigslist, 95% of the work is done.

The hard part is finding and/or having the items to sell. Going through your closet to find unused items is not as daunting as it sounds, and this is an easy way to make a few hundred dollars every month. After you take a photo of your item, create a compelling Craigslist post advertising your item for sale, all you have to do is sit back and wait for someone to send you an email with an offer to buy!

Making Passive Income with Impact Investing

Impact investing is investing in companies that have an impact in the world. Think of it as a form of investing that has not only a monetary benefit, but also a social benefit. The best part, however, is that you don’t have to do anything to earn a return.

With Swell Investing, you can select which “portfolios” you’d like to invest in, like Green Tech, Clean Water, Zero Waste, etc. and Swell takes care of everything. They only charge a small fee of 0.75% per year, which is far less than most managed investment accounts, and Swell invests your money for you in companies that are making a difference in the world. Even better, the Swell Green Tech portfolio is up more than 37.5% since its launch in 2016; the S&P 500 is only up 27.19% in the same timeframe.

Online Real Estate Investing

The only bummer about PeerStreet is that you must be an accredited investor to join. Since investing in real estate debt is deemed risky by the SEC, you’ll need to make over $250,000 a year or have a net worth of over $1 million to use this form of passive income.

If you are eligible, you can expect a return of 6 to 12% annually on the money that you give PeerStreet, which is then used to finance various mortgages and real estate loans. It’s a great way to diversify from stocks and tap into the housing market without doing any of the legwork.

Final Thoughts on How to Make Passive Income

Sitting back and watching your money grow every month is one of life’s most satisfying pleasures, if you value wealth creation, that is. We do, and it doesn’t matter if you have $0 or $1 million, there are always ways to generate passive and additional income online without ever having to set foot in an office or traditional work environment.

If you don’t have any money to invest passively, a great place to start is by completing surveys with Survey Junkie. And if you do have some extra cash on the sidelines, and you want to earn a passive return, there are no excuses why you shouldn’t already be earning 1.75% with CIT Bank.

Earning passive income is totally possible, you just need to take action and actually make it happen. As crazy as it sounds, the truth is, most people are too lazy to even make passive income, and they’re content with 0.01% interest from their bank and would rather use their free time to watch TV and eat potato chips – don’t let this be you.

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