15 Legit Ways to Make Extra Money
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Meet Nancy. She’s a 28-year old professional with important financial goals. Just like you, Nancy wants to:
- Pay off debt
- Save for a down payment on a new house
- Make extra money for retirement
- Earn extra cash for travel
She took action on a few of the ideas listed in this post and is now making an extra $500 each month.
If you have a relatively new car and free time in your schedule, you can make nice cash driving for Lyft. You must be able to pass a background check and flexibility.
The average Lyft driver makes over $400 per month simply by driving people around town.
They’re currently offering a $1,000 earnings guarantee in your first 30 days. You just need 125 rides in the first 30 days to reach the guarantee.
2. Get paid to buy groceries
Rebate sites are a popular way to save and make money for something you’re already doing.
Ibotta is a popular rebates app that offers rebates to thousands of stores, including grocery stores, they give out random bonuses for using their app and you can earn cash back for referring your friends.
Get a $10 bonus for signing up!
3. Taking surveys
Taking surveys can be a nice way to make some extra money for your budget. Here are a few of our favorites:
- Survey Junkie – Survey Junkie is our favorite survey site as they pay you cash straight to PayPal, or let you redeem rewards for Amazon gift cards.
- Pinecone Research – They pay $3 per survey and they put cash directly into your PayPal account, or you can choose Amazon or restaurant gift cards. They also pay to do product testing.
- Opinion Outpost – This is one of the top survey sites in the space and they have quarterly $10,000 prize drawings.
You won’t get rich quick by taking surveys, but they can be a great way to pad your budget by monetizing your down time.
4. Invest in real estate
Many people like the idea of investing in real estate, but it can be cost-prohibitive if you don’t have the funds to buy a property or the skill to manage it. Crowdfunded real estate investing lets you invest in commercial or residential properties online and make money.
Fundrise is a great option and you only need $500 to start investing in one of their real estate eReit’s.
RealtyMogul is another good option to invest in real estate. You need to have $1,000 to start, but has lower fees than Fundrise.
5. Watch videos and play games
Okay, I know you may think this is a scam. You really can make money in your free time watching videos, or playing games online.
Inbox Dollars pays you to watch videos, or play games and gives you a $5 bonus to start.
6. Deliver food
Deliver meals or pizzas as an Uber Eats driver.
If you have a car, scooter, or bike and don’t mind the odd hours you can make some nice bank. You just need to be at least 19, a government-issued ID and be able to pass a background check to start earning money.
Are you proficient in a certain skill or subject, have a college degree and one year of teaching experience? You can make up to $20 per hour with VIPKid and tutor overseas students.
VIPKid provides the course materials and manages most of the administrative tasks so you can focus on teaching students.
8. Peer-to-peer (P2P) lending
Investing in the stock market or real estate isn’t the only way to invest and bring in additional income.
You can use a P2P site like LendingClub to loan money to individuals. Returns vary, but many loans return 6-8 percent on average.
9. Sell used electronics
We’ve made several hundred dollars selling old electronics on Craigslist. You can also use Decluttr as a way to sell old electronics and make cash.
Decluttr provides the shipping label and you mail them your old electronics. You also get to cut down on clutter as a bonus. 🙂
10. Rent something you own
If you own your car outright and don’t drive it often, you can rent it out to others with a service like Turo.
Turo says you can make up to $6,500 per year renting out your car a few days per week. Just make sure your insurance allows for this kind of arrangement.
11. Walk dogs
Dogs need to walk too! Ask people in your neighborhood or advertise on Craigslist and this can be a great way to make some extra cash.
You can use Care.com so prospective customers can see your references.
12. Surf the web
With Swagbucks you can earn points, called SB points, which can be turned into money. You can earn points by watching videos, using their search engine and more.
Swagbucks gives you a $5 bonus to start. If you don’t want cash, you can redeem points for Amazon gift cards.
13. Virtual assistant
A virtual assistant (VA) is one of the best ways to make extra money. Beginner VAs can earn anywhere from $15 – $20 per hour while experienced ones can earn $30+ per hour. My friend Kayla earns over $10,000 per month working from home as a VA.
If you’re interested in starting your own freelance VA business, sign up for her course to learn how you can start earning money as a VA.
Proofreading can be a great way to make extra money. All you need is a laptop and you can work from wherever you like.
Proofread Anywhere offers a free course with the tools and tips you need to get started as a professional proofreader. Many proofreaders make $20+ per hour and you don’t need a specialized degree.
15. Start a blog
Blogging is a great way to make extra money. I’ve more than replaced the income I earned at my former day job through blogging.
You can sign up for cheap hosting for only $2.95 per month through Bluehost and be up and running in a few minutes.
The best thing about this list is that it only scratches the surface. If you have the time and have identified a need, there are countless ways that, just like Nancy, you too can use to make extra money.
John is the founder of Frugal Rules, a dad, husband and veteran of the financial services industry whose writing has been featured in Forbes, CNBC, Yahoo Finance and more.
Passionate about helping people learn from his mistakes, John shares financial tools and tips to help you enjoy the freedom that comes from living frugally. One of his favorite tools is Personal Capital , which he used to plan for retirement and keep track of his finances in less than 15 minutes each month.
Another one of John's passions is helping people save $80 per month by axing their expensive cable subscriptions and replacing them with more affordable ones, like Hulu with Live TV.
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