Achieving financial goals, like saving money for retirement or trying to get out of debt, is a time-consuming process. There are still other bills that must be paid along the way, and only so much “available” money in each paycheck. Because of this, many people are starting to seek out other ways that they can earn money in their spare time to supplement their regular income. One of the best ways to do this is with passive-income “side hustles”.
Read on for a list of the Top 15 Side-Hustles to help get you started.
1. Vending Machines
Vending machines are great because they require very little time and money to get started. All you have to do is go by weekly to check up on them to see if they need to be refilled and collect the money.
2. Textbook Sales
If you are an avid book reader with a growing library of books at home that you no longer need, try selling them online. Many book companies are willing to pay top dollar for books that are in good condition, especially textbooks and those with educational material in them.
3. House Sitting
House sitting requires basically no effort at all, and it pays very well. As an added bonus, you often get to stay in luxurious houses with lots of amenities while the owners are away.
4. Self-Publishing Material
Those who are great writers may want to try selling some of their work as electronic books that can be downloaded for a fee.
The articles on blogs themselves don’t bring in a lot of money. But if you agree to post advertisements from sponsors through affiliate marketing, they will often agree to pay you a small fee each month.
6. Rent Your Car
If you work long hours during the day, your car is sitting out in a parking lot not getting used. So why not rent it out for a little extra cash. Truck owners can make even more money since people need this type of vehicle for moving or hauling things.
Many companies are willing to pay homeowners just for putting up signs in their yard to advertise their products or services.
8. High-Yield Accounts
One of the easiest ways to increase your passive income each month is to simply switch to a bank that offers better interest rates.
9. Land Sales
If you have a little extra money saved up, you could try purchasing some bare property, then sell it for a hefty profit.
10. Rent a Room
Many people who are trying to save money on rent each month are looking for a place that is clean, comfortable, and affordable. So if you have a spare room that you don’t need, consider posting a free ad online to rent it out.
11. Give Rides
To help reduce your commute costs to work and make a little extra cash, try giving rides to fellow employees that live close to your usual route each day.
12. Cash-Back Rewards
Many credit card companies now offer cash-back rewards that you can accumulate to help save money on purchases. Sometimes, you can even cash them in to help pay off your credit card bill sooner.
13. Become a Notary Public
This side hustle takes an initial investment because of the certification process through the state. But it is worth it because you can charge 100 dollars or more each time that you inspect and notarize documents for individuals and businesses. And it only takes a few minutes to complete the process.
14. Run Errands
When you are headed out to the grocery store, dry-cleaners, or any other type of errand, ask to see if anyone else needs you to get their items too while you are there. Apps such as Taskrabbit allow you to charge a small fee to run people’s errands.
15. Get Rid of Stuff
If you have extra things around the house that you no longer need, post pictures of them on online garage-sale sites to sell them fast.
BMG Money is an affordable loan company, focused on helping our clients reach financial wellness. Keep visiting our blog for more tips and tricks on sustainable, achievable finances.