The 3 EASIEST Passive INCOME Ideas

do you know that it is actually possible to get money back for spending money girl hi and welcome or welcome back to the channel if you're new here hello i'm vanessa and on this channel we talk all things earning more and building wealth and today we have a really really good one we're talking about one of our favorite topics on the channel passive income who doesn't love passive income i do don't you i've made a couple of other passive income videos on this channel but this one's a little different because we're going to talk about how we can earn passive income while going about our daily financial lives like saving money spending wisely and investing so we're going to talk about these three things and how we can start earning passive income from them today so make sure you watch this video all the way to the very end to get the most value out of it so if this is the kind of content that you enjoy then please go ahead and hit the like button one it's free two it supports the channel and it helps this video go out to more women like you number one how can we make passive income from saving money now if you've been watching this channel for a while you would know that i always tell you not to save all your money in the bank there are only three buckets of money that you need in your bank account at any given point in time everything else should be invested and we're going to talk about investing in point number three but for the money that we save how do we earn passive income from that i'm glad you asked by saving in a high yield savings account now a high yield savings account is an account that pays you a little bit more interest than your regular bank account when you save money in a regular bank account the interest rates are literally so low that they're almost insignificant but when you save money in a high-yield savings account like the name implies high yield these banks are able to give you more interest than a regular bank account would the reason is that a lot of these banks don't have the same cost that a regular bank has and so can afford to give you passive income in the form of high-yield interest and the reason why they don't have these high costs that regular banks have is that most of them are online banks in another video that's specifically about saving money i'm going to share my favorite high-yield savings accounts so if you don't want to miss that one make sure you hit the subscribe button and hit the bell so you get notified when i drop that one the second way that you can make passive income just by going about your financial business is by spending money and this is my favorite one because while every other financial educator is teaching you how to save budget and invest i want to also teach you how to spend wisely do you know that it is actually possible to get money back for spending money girl when i found this out i was like the girls have to know the girls have to know well there's something called cash back apps that give you coupons discounts and that allow you to get money back when you spend money now i would never recommend that you just go and buy something that you don't need just because it's on sale but if there are things that you already spend money on like your typical run to cvs or uber eats to get food you might as well get cash back when you make those purchases and that's why i love cash back apps first you have to download the app then you purchase a gift card for a store that you would normally already shop at and when you purchase the gift card guess what happens passive income baby you get cash back and when you're ready to shop you can go ahead and use the gift card to shop for the item that you were already going to buy why would i be shopping directly when i can get money for shopping like it's a no-brainer number three is the ultimate way to earn passive income and that is by investing honey nothing nothing beats investing your money and that's why i've made a whole playlist full of investing videos and i'm gonna link them right here