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PREVIOUS:The availability of app-based earning opportunities has greatly expanded due to the widespread use of smartphones and internet access. To avoid scams and maximize their earning potential, users should be cautious and perform in-depth research. A wide range of people from different backgrounds, such as stay-at-home parents, students looking for extra cash, and professionals considering a career change, can be accommodated by the diverse app-based earning ecosystem.NEXT:The ability to generate passive income through stock market investments, real estate crowdfunding, and other means has made investing apps more and more popular in recent years. Experienced investors can begin constructing their investment portfolio with ease thanks to apps like Acorns & Robinhood, which offer commission-free stock & exchange-traded fund (ETF) trading. Also, apps such as Betterment and Stash provide automated investing services, which simplify the process of investing for users without requiring a deep understanding of the stock market. A comparatively small minimum investment is required for users to invest in commercial real estate properties through real estate crowdfunding platforms such as Fundrise & RealtyMogul. These platforms give users the chance to profit from property appreciation and passive rental income without having to deal with the headaches of landlording. Also, by lending money to people or small businesses, users can earn interest on peer-to-peer lending platforms like LendingClub & Prosper.
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