Modern life is dynamic and resource-consuming. It demands lots of energy, time, and money. New goods and services become available, and some of these grow to be necessities, thus putting a strain on our budgets. It gets hard to keep up with all the piling expenses, so it’s critical to work hard and earn more money, but it’s also essential to put your money to work.
Nowadays, it’s easier than ever to make money online, as today’s economy is all about flexibility.
So, if you’re wondering – are money-making apps real? Yes, they do exist. While they won’t make you rich, they can help you earn some respectable pocket change. The same holds for micro-investment apps. Both of these are options worth exploring, and in a way are the modern-day equivalent to the piggy bank. They won’t just help you save your spare change; they’ll also help you put it to work.
Money Making Apps
Many apps on the market provide users with the opportunity to productively use some of their free time, work with no fixed schedules, and gain access to jobs that require no special skill or training. Though, some will not take a likely to the infrequent workflow and inconsistent payouts. That comes with the gig. Some of the best apps for making real money include
the Foap app, which lets photographers and videographers market their art on a 50/50 profit-sharing program, and the Swagbucks app that pays users to play games and answer questions.
Other great ones are Toluna Surveys, MyPoints, Mobee, iPoll, the Nielsen app, Slidejoy, Shopkick, and Gigwalk. Do some research and find out which one is right for you, install it, and make money.
What Is Micro Investment?
It’s the process of investing small sums of money regularly that add up to form a much larger investment. Users save, deposit, and invest small but frequent contributions in an investment portfolio. These amounts accumulate and provide a greater opportunity for growth than that present in a traditional savings account. Micro-investing also aims to remove many of the barriers present with traditional investing, like minimum balance requirements and trading fees.
Not all micro-investing platforms work the same. Some may allow fractional investing. This means that the app allows users to invest sums that are smaller than those permitted on the stock market. This is a cheap and convenient way to start building an investment portfolio.
Think of the process as playing online slots for pennies. The odds aren’t great that you’ll immediately land a big win, but penny after penny, as time passes, they grow and you only need one win to recuperate and profit.
Micro Investment Opportunities & Apps
Micro-investing is great because you don’t need a lot of money to start. So, opportunities lay behind many corners and you can be off and running with as little as a buck. Some of these platforms don’t even require a deposit on sign up. The idea is for you to want to start the process, and to do so.
Of course, there is a whole slew of micro-investment apps that are fighting for your dollar, promising to nurture it into something substantial. All of these are easy and convenient to use, and they’ll effortlessly put in the thick of it after a simple registration.
Most of these apps invest in exchange-traded funds or index funds. They pair you with opportunities that are suitable for you, based on your set risk tolerance.
Some of the best ones include the following: Acorns, Betterment, Stash, SoFi Invest, Robinhood, Rize, Twine, and WiseBanyan,
The major downside of all of these is that returns are fairly low but they are meant to be long term investments.
