You can only work so many hours per day, so if you want to build wealth, you will need to make money while you sleep. For this to happen, you must find ways to generate passive income. Unfortunately, earning passive income can seem overwhelming as it often requires a lot of money or effort upfront to see any returns. 

Thankfully, there are many passive income apps you can use to create new sources of income on top of your nine-to-five, so you can have money coming in even when you’re not working. 

While many side hustles can feel like a second job, here are 22 passive income apps for those who want to make extra money without using up all their free time. 

1. Fundrise

We all know real estate investing is a decent way to earn an extra income, but the reality is that becoming a landlord is a

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According to a recent Gallup poll, more than half of American adults (58%) have money invested in the stock market. Although the median holdings (amounts invested) vary based on age, income, and other demographic factors, it’s clear that Americans see the value of investing — even if their exposure is limited to a workplace 401(k).

If you have a fully-funded emergency fund and have an extra $1,000 that you don’t immediately need, you have a lot of options. Unfortunately, the sheer number of investment options to choose from can be overwhelming and downright confusing.

That’s why I wanted to share some of my favorite ways to invest $1,000. Whatever decision you make, you should be proud of yourself for taking the time to be thoughtful with your money.

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If you are a beginner stock trader or

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There are more reasons behind Tesla’s (TSLA) plunging stock price than Elon Musk’s focus on Twitter, according to Wells Fargo auto analyst Colin Langan.

“It’s very concerning about the weakness that we’re seeing in China,” Langan said on Yahoo Finance Live (video above). “We are seeing incentives go up, and sales are actually not increasing there. And [a] driving concern is: Are we going to start seeing that in the US and Europe? Is that just sort of the early days of softening demand? And I think that is really more of the large institutional investors’ top concern.”

Shares of the EV maker are down about 67% from a peak in November 2021 — the stock’s largest drawdown since its market debut in 2010 — and down 26% so far this month alone.

Most of the losses for Tesla investors started after Elon Musk offered to buy Twitter in April,

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Opening a Roth IRA can be a smart move if you want to invest for retirement and save money on taxes later in life. However, there are strict rules when it comes to how much you can contribute to your Roth IRA. 

Contributions to a Roth IRA are made with after-tax dollars, which means your money can grow tax-free. When you’re ready to take distributions from your Roth IRA in retirement (or after age 59 ½), you won’t pay income taxes on your distributions, either.

If you want to start contributing to a Roth IRA as part of your retirement strategy, keep in mind there are some limits. For example, if you’re under the age of 49 you can contribute a maximum of $6,500 for the 2023 tax season. 

Interested in learning more about the specifics of the Roth IRA? Here’s everything you need to know.

How Much Can

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