The easiest way to earn $8000 in passive income per year.

This is the best way today to leverage a (relatively) small amount of capital and make a TON in returns. This is especially important in the current economic environment and forces you to keep a decent savings as a rainy day fund that actually has good returns.

So, what is it? I have been doing this for over a year. It is a mix of leveraging a high interest savings account that also is mixed with a debit card that has a random chance to make your transaction free. Sounds too good to be true right? Lets dig into the numbers.

Breakdown of Earnings (on $10,000) for one person

For this next part we will assume that you have $10,000 (feel free to start with a smaller amount of money until you are comfortable — that is what I did) and also some background in basic probability so you understand Expected Value (EV).

1. 4% APY for the base savings account (may increase)
2. 0.5% APY Venmo Method
3. 0.5% APY Cash App Method
4. EV[Venmo Method] = 1733.33
5. EV[Cash App Method] = 1733.33

Summary 5% apy, EV[Total] = 3466.67

Total: $3966.67 per year on $10,000

Breakdown of Earnings (on $20,000) for two people

Now if you have a partner in crime this will double the above, so you would need $10,000 per person but you would expect around 5.4% APY plus an expected value of two times the $3966.67 per year.

1. 4% APY for the base savings account (may increase)
2. 0.5% APY Venmo Method
3. 0.5% APY Cash App Method
4. EV[Venmo Method] = 1733.33 * 2 = 3466.67
5. EV[Cash App Method] = 1733.33 * 2 = 3466.67

Summary 5% apy, EV[Total] = 6933.34

Total: $7933.33 per year on just $20,000.

Instructions to Get Started

If you are like me, after seeing the numbers I wanted to jump on this as soon as possible. You should be able to complete all of this to get started around 10 minutes using just your phone.

Step 1: Setting up Yotta

1. Sign up for Yotta.
2. Follow the steps to setup Yotta and link to your bank account.
3. Set your main bucket as a crypto bucket to maximize the % apy. Note: This leverages USDC behind the scenes and may come with some risks. As a lower risk alternative you could leave the base bucket as-is which currently earns ~1.7% apy and is FDIC insured.
4. Request a debit card.
5. Join one of the larger pools, for example Reddit Time and allocate all of your tickets to that pool. The reason behind this is that you will lower week-to-week variance in the earnings. You can read more about how the gamified lottery system works, simply though you get a fixed number of (free) tickets each week based on the account balance.
6. [Optional] Setup direct deposit from your employer. This will increase the odds for the free swipe with the debit card from 1:200 to 1:150.

Step 2: Venmo Method

1. Sign up for Venmo
2. Link your debit card to your Venmo account and become verified with Venmo
3. After ensuring you have a Venmo balance of $0. Send two transactions to your significant other account of $2500.
4. Deposit the received cash into your bank account. Select the slow transfer to avoid fees.
5. Transfer the cash back to Yotta. The last two steps can take a few days to complete processing depending on your bank.

Step 3: Cash App Method

1. Sign up for Cash App
2. Link your debit card to your Cash App as well as your bank account to allow your to transfer out.
3. Become verified with Cash App to increase the daily limit
4. Add cash to Cash App via Add Cash . I usually do two additions of $2500.
5. Move your cash to your regular bank account via the Cash Out . Select the slow transfer to avoid fees.
6. Transfer the cash back to Yotta. The last two steps can take a few days to complete processing depending on your bank.

That is it! You are now an expert in this area. Now you join me and many others in waiting to win from those weekly transfers.

Winnings from earlier this year from the Venmo Method

Tips

• Set a weekly reminder for when you should send transactions for Venmo and Cash App
• You may end up needing a bit more than $10,000 per person if your bank is very slow when processing the transactions.

I have already started earning from these methods and have won a $2500 transaction via the Venmo method in addition to 5.21% realized APY last month. Don’t take my word for it — you can view the list of current winners and their winnings on the site.

Give me a clap if you found this helpful and want me to share more actionable advice/findings like this in the future. If you discover any additional methods to push this even further please give a shout out in the comments.

Disclosures:

I do include an affiliate link to Yotta, if you wish to avoid please sign up via their app in the Play Store or the Apple Store. If you click on my link and sign up I will earn a small amount, thank you 🙏.

These numbers are subject to change from Yotta and I am not responsible for any losses financially or otherwise including getting banned from Venmo or Cash App.