5 ways Finacial Independent Earn Money While You Sleeping

5 ways to earn money by doing nothing

One investing in a fixed deposit account is a natural way of making money work for you, An. B investing account is an investment and savings account in which money is deposited for a stated period, and a fixed interest rate is paid at the end.

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Fixed Deposit

Long-term investment

Google Opinions and Surveys

Amazon Affiliate Program

Google Opinions and Surveys

1. Fixed Deposit

It is a safer investment option when compared to other investment types, such as shares or the money market. Opening a fixed deposit account is quick and easy; you only have to deposit money into the budget for a given period to earn interest.

Below are reasons why you should open a fixed deposit account today:

It encourages a savings habit as the money you deposit needs to be in your mind for a period without you making any withdrawals.
Investing in a fixed deposit account earns you a higher interest rate than depositing your money in a savings account.
You are assured of returns for your investment.
The account helps to act as a fallback for your business in the event of a cash flow squeeze or can be used to meet your future cash requirements.
Interest is payable at maturity, annually or monthly, depending on the term you choose, or you could use the money to buy assets if you want.
You can choose how long you want to invest your money in a fixed deposit account, ranging from 30 days to 10 years.
You can choose multiple fixed deposit accounts to save for different goals.

Banks offer higher interest rates in fixed deposit accounts than savings accounts. You will earn the right amount at the end of the maturity period, depending on the money deposit and maturity period.

2. Long-term investment

Just like saving, investing is a good idea followed by many people today. Investing in the share market is a good idea to earn good money only by sitting at home. This depends on the growth of share price as well as through dividends.

"Investors who start early, practice patience, and stick to a long-term investing strategy often see the best returns and financial success," says the Acorns online investment site Colton Dillion. The longer money is invested, the more potential it has to grow. Someone who contributes $1,000 to an RA from ages 20 to 30 and then stops has the edge over someone who starts at 30 and invests $1,000 annually for 35 years. Assuming a 7 percent annualized return, the first person will have $168,515 at age 65, and the second will have $147,914.

3. Google Opinions and Surveys

One of the easy ways to earn some extra cash is by participating in Google surveys and opinions. Google has introduced an app called Google Opinion Rewards, which you can download from the Google Play store. The app will offer you some questions occasionally, and you will be required to answer these questions. Google will provide you with some rewards based on surveys. As a recap, Google Opinion Rewards is a survey app from Google that pays you for filling out short surveys. All you need to do is download and install the app, then fill out some basic info about yourself. Once set up, studies randomly appear here or there, focusing on various topics. Some are single-question surveys, while others can be four or five deep. When you complete a survey, Google will reward you with Play Store credits. I have seen multiple-dollar rewards from a single poll, but don't be surprised if you start building up a nice little credit pile after answering a few surveys worth $0.40 a piece.

This will take less than one minute, and you will earn an extra dollar, sounds good.

4. Amazon Affiliate Program

Shopping online can help you save some extra cash, but it also depends on where you are purchasing, how much discount you are getting, and even the reputation of the particular shopping site you visit. Amazon is one of the best e-commerce websites, with unlimited products and an associate program.

With an intelligent approach and associated program, you can get what you want while saving much money. How to do it is simple. Sign in to the related application, and you will obtain a referral code you can offer to a friend who likes online shopping. You would buy everything, or any of you would earn some extra money. But this entirely depends on your shopping habits and your friends.

5. Take advantage of Apps

There are apps available through which you can put some extra cash in your pocket while doing nothing seriously.
CoSign

CoSign is a good app for iOS and Android that pays you or posts selfies. All you need to do is post a selfie of a particular brand and if someone buys that product. In return, you will get some profit. You can tag anything from jewelry to sunglasses, makeup, cute office products, and more. This job is suitable if you are an excellent social media follower and hashtagged.

Gigwalk

Gigwalk is another fantastic app available for Android and iOS users. The app is simple, aiming to answer some questions and post photographs regarding any restaurant or venue. First, sign up, and the next app will ask you to tell if some place or restaurant exists nearby. Gigwalk is an intuitive app, and all payments are made via PayPal.