5. ACORNS:
Acorns investing and savings app is a system that helps one to save change from every transaction using a system called “round-ups.” Round-up is similar to the mathematical process of rounding up and down numbers to the next smaller or larger integer respectively. For example, when you go to Starbucks and buy a latte for $5.25, the Acorns app helps to take the 0.75cents and put that in a separate account for you. Hence the process of round-up. Ever wonder why major stores always ask you to donate your change? Imagine how much money they make in a day if about 150 people shop in the store and all donate their change of 25 cents each? That’s $37.5. So you see how you can easily save up to $5/day in personal transactions and expenses.
Click here to learn more: https://acorns.com/invite/NH7AHD
4. ROBINHOOD:
This is an investing platform that initiated a zero-to-low commission for investing and allows you many options to let your money work for you rather than you working for money. It provides a platform where you can trade in stocks, ETFS, or use their Financial services to begin a zero-commission investment portfolio. Robinhood allows you to invest any amount you to purchase whole stock units or half-units of any of the S & P 500 stocks or whatever you choose to buy.
Robinhood allows you to build a balanced portfolio and trade in real-time if you choose to do that.
Click here to learn more and a chance to win some free stock: https://join.robinhood.com/laiyatm
3. RICH UNCLES:
Become a real estate investor without first becoming a landlord using Rich Uncles. It is a Real Estate Investing Trust (REIT) It is a platform that allows you to collect dividends on real estate investment that you may not be able to afford on your own. It pays monthly cash dividends plus changes in property value plus potential tax savings. The way it works is they redistribute rets collected from their properties among shareholders in the form of monthly dividends. The tenants pay rent, the portfolio receives monthly payments which they distribute to shareholders as income. And if you need to get your money back sooner, Rich Uncles has created a share buy-back program with teams and conditions applied.
2. AFFILIATE MARKETING
This is an extremely lucrative way of making money online. It is a way to generate residual income for affiliates while driving up the sale of products for the brand. It is a win-win situation for both the company(ies) being marketed and the marketer. With the current pandemic, many companies are exploring ways to become more profitable on the internet. It is an industry that is worth billions of dollars and is available to anyone who is interested in becoming an affiliate. Major companies like Amazon, eBay, etc provide marketers with affiliate links to market products online. Some of these companies pay up to 70% commission on products sold. A good place to start would be to Click Banks.
1. DIRECT-SELLING
My personal favorite and the most lucrative of all these residual income is direct-selling. It has many names, you may know it as multi-level marketing (MLM), among other names. This industry, infamous, as it is, is mostly misunderstood by the people who venture into it. This industry is worth over 35 billion USD and is available to anyone who has the work habit to make it happen. Direct-selling is a low-cost, low-risk business ownership venture where an individual can own a store from an already known company that manufactures the products and services. The business belongs to the individual, but the burden of providing the goods and services falls on the company. Independent Business Owners (IBOs) receive a commission based on the volume of goods and services they are able to move. Residual income in this industry is mostly capless. Many people have become multi-millionaires using this industry. It is one of the oldest person-to-person selling platforms that exist, the oldest known company is said to be about eighty years old. It is therefore steady, low cost, low risk, and pays immensely when worked correctly. It takes patience and an ability to handle rejections without skipping a bit. But the rewards are immeasurable.
Leah Manya 