Tuesday, 31 January 2023

70+ Easy Cash Jobs

The post 70+ Easy Cash Jobs appeared first on Millennial Money.

When you need cash immediately, you might not have time to wait for payday. These easy cash jobs earn you money under the table and fast. You’ll have the cash you need and can relieve the stress of not having enough money for an emergency or sometimes to make ends meet.

Gig Economy Jobs vs. Cash Jobs

Gig economy jobs usually go through a third-party platform. For example, Uber is a gig economy app. You secure jobs through the app, and they pay you weekly. There are hundreds of examples of gig economy jobs.

Cash jobs are those I call ‘under the table.’ These are jobs where clients pay you cash, and no one knows about the job. So, for example, if you’re an electrician but do some work on the side for friends who pay you cash, you’re working ‘under the table.’

How to Find Easy Cash Jobs

The best way to find easy cash jobs is to make it known what you do. Word-of-mouth is the best form of advertisement, as it gets the word out fast.

Other ways to advertise your cash jobs include:

  • Social media posts
  • Craigslist
  • Flyers in your area
  • Flyers at the library
  • Friends and family

70+ Easy Jobs That Pay Cash

  1. Food Driver and Deliverer
  2. Driver
  3. Removal of Snow and Leaves
  4. Exterior Houses Painter
  5. Cleaning Gutters
  6. Lawn Maintenance
  7. Gardening
  8. Walking Dogs
  9. Street Entertainment
  10. Scrap Metal Restoration
  11. Junk Removal
  12. Mover

Outdoor Easy Cash Job Options

Outdoor easy cash jobs are great because you get exercise, Vitamin D, and be outside – what could be better?

Here are the top ways to earn cash working outside.

1. Food Driver and Deliverer

Food delivery is a big business. You can work for gig apps like UberEats and DoorDash and make a flat fee from the service plus 100% of customer tips. You don’t have to handle taking orders or payments.

Everything goes through the delivery apps. Your job is to accept the order, pick it up and deliver it with a smile. The better customer service you provide, the more you’ll earn.

2. Driver

You can also get paid to drive people. Again, apps like Uber and Lyft arrange the orders; you just have to accept them when available.

Like DoorDash, Uber and Lyft pay drivers a flat fee, and then you keep 100% of the customer tips. In addition, they sometimes run challenges or promotions to help you earn more money, especially if you drive during peak times when they need help.

3. Removal of Snow and Leaves

All you need is a shovel or rake, and you can make money helping homeowners maintain their yards. Clean up snow or leaves, and you can make $50+ per job. If you want to do more snow removal jobs fast, consider using a snowblower, even if you have to rent it. You’ll make much more than the cost of renting, putting more money in your pocket.

4. Exterior Houses Painter

If you’re good with a paintbrush, consider painting home exteriors. All you need is a ladder and paint supplies; you can make good money on one house. Of course, you’ll likely only be able to do a couple of houses a week, depending on their size, but the price you can charge is high enough to make the work worth it.

5. Cleaning Gutters

Not everyone loves the idea of climbing a ladder. If you have a tall ladder and no fear of heights, offer gutter cleaning services in your area. Depending on the size and amount of leaves, you can charge $50 to $100 per house and can likely knock out several homes in one day.

6. Lawn Maintenance

Lawn maintenance is an easy way to make cash fast. You can cut lawns, maintain landscaping, and even plant new landscaping. You can charge around $50 a lawn to mow and several hundred dollars for landscaping maintenance. You can make decent money fast if you have several clients in the area.

7. Gardening

If you have a green thumb, offer your services to those in the area who don’t. Whether you care for gardens while owners are away or plant and maintain a few gardens all summer, you can make good money. Spending time outdoors with plants is also great for your mental health.

8. Walking Dogs

Getting paid to walk dogs is like getting paid to exercise and have fun with animals. You can walk one dog at a time, or if several dogs are in the same area, walk them together and maximize your earnings per hour.

9. Street Entertainment

If you have a special talent, such as playing an instrument, singing, or acting, consider performing in crowded areas. Check out local entertainment schedules and see if you can set up a corner nearby and entertain the crowds. Of course, this way to earn cash relies on tips or what people feel like giving you, so make sure you pick a crowded area and have an act that will make people feel generous.

10. Scrap Metal Restoration

If you work full-time with metal or have access to a large amount of scrap metal, consider turning it into a local recycling plant. They often pay for scrap metal, and the more you bring, the more you earn. You typically get paid per pound, and copper pays the most, but you can also collect aluminum cans, stainless steel, and even car batteries.

11. Junk Removal

Consider a junk removal service if you have a large truck that can hold a large amount of junk. You must pull up to the house and load up the junk they say they want to go. You can charge by the hour or by the load. Depending on the size of the jobs, you may be able to take on several jobs a day.

12. Mover

Work as a mover ‘on the side’ and earn cash. All you need is a truck and muscles to move the items. You can move entire households or just offer jobs moving things like appliances or furniture. Movers usually charge per hour, but you can decide how you want to handle it per job or hour.

13. Pool Cleaning

Pool cleaners scrape pool bottoms and sometimes handle the chemicals to keep the pool safe. You’ll need to know a little about pools if you’ll be handling the chem14icals, but if you’re good at what you do, you can clean several pools a day and make a decent amount of cash.

14. Pressure Washing

You’ll need a pressure washer, but it’s well worth the investment because you can charge $100+ per job, depending on its size. Pressure washing is exhilarating, and it makes you money. You can clean siding, patios, driveways, and garages. Homeowners pay a decent fee for this service because most people don’t want to own a pressure washer themselves.

15. Pharmacy Driver and Deliverer

Pharmacy delivery drivers are always needed, especially for the elderly who can’t drive. You can sign up with a service or advertise your services yourself. Use social media and flyers in areas that might need the service, such as nursing homes and assisted living facilities.

16. Sign Twirling

Companies pay good money for people to stand outside with signs advertising their business. Depending on who you hold signs for, you can earn $50 – $100 per day holding a sign. Make sure to dress for the weather, and you’ll make good money for a mindless job.

17. Personal Golf Caddy

Golf caddies make good money from the tips golfers pay. You’ll carry the golf clubs and fetch the golf balls as a golf caddy. You’re like the golfer’s assistant but can earn good money doing it, especially when the golfer has a good game. Since you can only caddy for one golfer at a time, you may want to do this several days a week so your earnings add up.

18. Personal Shopper

Personal shoppers are like shopping with someone else’s money. It can be a lot of fun if shopping is your thing.

There are many ways you can be a personal shopper. For example, you can shop a client’s list, buying what they need and earn a flat fee, or find items that fit your client’s tastes or what they need for gifts and get paid a commission.

The sky’s the limit with how you work this gig, and since most people who hire personal shoppers have a lot of money, it can be a fun way to earn cash.

19. Small Job Engine Repair

If you’re good with cars, consider working as a small engine repair mechanic. You can offer your services on the side, even if you work full-time as a mechanic and make decent money. Most people want to avoid the high cost of auto shops, so they’ll pay a mechanic on the side. You can make hundreds of dollars fixing engines if you have a car lift and the necessary tools.

20. Mechanic

If you’re handy with any engine or vehicle, consider offering your services to boat, RV, and ATV owners. Any vehicle that has an engine that needs fixing, you can make money on the side repairing for their owners.

Indoor Easy Cash Jobs

Indoor jobs are plentiful, whether you work at home or at someone else’s house or business. You can work with people, animals, or computers and make good money.

21. Surveys

Surveys are a great way to make cash in your free time. Anyone can do it; you just need to sign up with market research groups. The most popular sites for survey-taking are:

You’ll make a couple of bucks per survey, but they add up, especially if you diversify on many sites.

22. Caregiver

Consider offering caregiving services if you’re good with the elderly or sick. You can come in and visit with your clients, spend time with them, clean their houses, and help with basic grooming needs.

You might even do their shopping, cook, or play games with them so that they have a companion.

Caregivers earn around the same salary as babysitters, as their services are highly needed.

23. Organizer

If you have a knack for organizing, help those who don’t. Organizers often help people declutter and then learn how to organize what they have. For example, you might organize pantries, closets, or entire rooms. You can make good money as an organizer, charging by the hour or job, depending on how much work you must do.

24. Household/Mother’s Helper

Busy moms sometimes need an extra set of hands at home. You aren’t babysitting, but instead, help moms handle the kids, clean the house, or do other miscellaneous chores. Often, moms need mother’s helpers when they work from home and need someone to occupy the kids. Mother’s helpers usually get paid by the hour.

25. House Sitting

Housesitters get paid to watch over people’s homes while they are away. You can visit the home periodically, grabbing the mail and watering plants, or they may pay you to stay at the home, especially if they have pets.

26. Petsitting

Petsitting is a fun job that gives pet owners peace of mind while away. You can either have the pets at your home or go to them. Some pet owners just need you to check in periodically, giving fresh food and water and others require their pets to have 24/7 care, which means keeping them at your house or staying at the pet owner’s house with the pets.

27. Pet Grooming

Pet grooming is a fun way to make cash quickly. You help owners wash their pets, clip their nails, and brush them. This job can be a little tricky because pets are often shy around people they don’t know, especially when it comes to touching them.

It’s a good idea to work with pets you know or to give them time to warm up to you before using your grooming skills so they are most comfortable with you.

28. Personal Training

Personal trainers help others get fit. You can help them with an exercise or weight lifting plan and even how to eat healthily. Personal trainers usually work in person with their clients, but you can also work via Zoom if you have long-distance clients. Personal trainers make good money, usually $100+ per session that lasts one hour.

29. Yoga and Fitness Instructing

Teaching yoga or fitness classes are a fun way to earn cash. You can teach the classes at a local park district or at your house. Some teachers host classes outside when it’s nice out, such as yoga in the park.

You can charge $20 to $30 per participant, so a one-hour class can be profitable if you have a good turnout.

30. Tutoring/Teaching

Tutors are always in demand. You can tutor elementary students or older kids as high as college. Depending on the subject, tutors make $50+ an hour and can take on many clients per week since the sessions are short. You can tutor in person at your house, the clients’, or a local library or coffee shop. Some tutors even offer their services online via Zoom.

31. Computer Repair

If you’re great with computers, consider offering computer repair services. For example, you might help people whose computers have a virus, are running slow, or need to be crashed. If you’re also good with hardware, you can make money fixing or replacing computer parts.

32. Photography and Videography

If you love to be behind the camera, consider offering photography or videography services. For example, you can work weddings, as a family photographer, or special events. Photographers and videographers usually charge by the session, but you can also charge by the hour if you’re doing an all-day job.

33. Cleaner

Consider making quick cash cleaning offices or homes if you’re a clean freak. You decide what you’ll clean, how often, and what you’ll charge. Many home and business owners pay $150+ per home or office cleaning, depending on the size and the services offered.

34. Background Performer

Background performers or ‘extras’ are actors in a movie that you see standing in crowds, restaurants, or other scenes where they need other people. You probably won’t have a speaking part, and much of your time is spent waiting, but they can pay a good amount of cash, and you get a small claim to fame.

35. Party Performer

Party performers are a fun way to earn cash fast. You can be a clown, musician, or even a DJ at parties. Think about the skills you have that could help people have parties. Consider all types of parties, too, from kids’ parties to office parties and anything else you have in mind. You’ll typically get paid a flat fee but can make hundreds of dollars from one party.

36. Musician

If you sing or play an instrument, get the word out to local restaurants, coffee shops, and even libraries. The more organizations that know of your services, the higher your chances of getting hired. You may even consider singing or playing for free at a few events so others can see what you can do.

37. Voiceovers

If you have a voice everyone loves to listen to, consider making money in voiceovers. You can read books, do videos, or ads. It doesn’t take a lot of skill. You just need to be able to read and use inflection in your voice to make the content interesting.

38. Masseuse

Massage therapists are in high demand, but you’ll need to be certified to do this job. If you are good at what you do, you can make a couple of hundred dollars per appointment. However, it adds up fast if you have several appointments a week.

39. Floral and Homegrown Produce

Consider selling your flowers and produce at a farmstand if you love gardening. You can create your own at the end of your driveway or join local farmer’s markets, selling your flowers and vegetables to customers.

40. Interior House Painter

If you love painting, consider offering interior painting services. All you need is a ladder, painting supplies, and a tarp, and you’re ready to make money painting. You can paint single rooms or entire homes. Painters make a good hourly wage, so you can make good cash painting whether you do it full-time or on the weekends when you’re off.

41. Coaching and Instructing

If you have a skill you teach others, consider getting paid for it. For example, you might be a coach for a sport, a health coach, or a life coach. Think about how you can help people improve their lives, and you can get paid for it. Coaches make $150+ per hour, so you can make quick cash for your skills.

42. Refurbish Upholstery and Carpet

Are you great at removing stains or repairing damaged furniture? Consider a refurbishing side business. People always need help fixing old furniture or getting stains out of the carpet. It’s cheaper for them to fix what they have, and you can make good money helping them.

43. Appliance Repairs

If you’re good with your hands, consider appliance repairs on the side. For example, you can repair dishwashers, refrigerators, and washers/dryers. Homeowners like to keep their appliances as long as they can, so if you have these skills, you can make good money helping homeowners.

44. Chef/Baker/Caterer

If you love cooking or baking, consider starting a business as a personal chef, baker, or caterer. People often hire private parties to handle the food at their gatherings, so you could make good money whether you cater the party in person or supply the food but don’t stay.

45. Hair and Makeup

Beauticians make good money helping people with their hair and makeup. If you’re a hair stylist, you can have clients at your house or go to their house to offer your services. You can also offer special occasion hair and makeup services for weddings, proms, and other special occasions.

46. Barber

You can make money doing hair on the side if you’re a licensed barber. You can do this if you work full-time at a barber shop or just want something to do on the side in your free time from your full-time gig.

47. Esthetician

You must be licensed to be an esthetician, but once you are, you can offer services yourself; you don’t have to work at a salon. This can be a fun way to make cash quickly as you help people look and feel their best.

48. Crafting

Consider selling your creations online or in person at craft fairs if you’re crafty. You can make good money selling items you make, as many people prefer homemade items versus commercialized, mass produced products.

49. DJ

If you love music and are good at creating fun moods at parties, consider offering DJ services. You can DJ home and office parties, as well as at weddings. DJs make good money per hour and have a lot of fun with their job since it’s your job to keep the mood up at parties.

50. Personal Assisting

A personal assistant is a jack-of-all-trades. You might be asked to do the shopping, help organize, or to clean. The sky’s the limit, but you decide what services you’ll offer. Personal assistants usually charge per hour, but you can decide what works best.

Work From Home Easy Cash Jobs

You can do many easy cash jobs from home and in your free time. For example, if you have a full-time job, you can do some of these jobs at night or early in the morning.

51. Graphic Designing

Graphic designers are in high demand, especially with many people starting their own businesses. You can create logos, flyers, email templates, business cards, and websites from home, earning quick cash. Graphic designers charge hundreds of dollars per job, which can be a great way to earn money.

52. Blogging

Bloggers make money by monetizing their blogs. First, though, you need a blog with a focus on gaining an audience. Then, once you have the audience, you can add sponsored ads, posts, and affiliate links to your blog to monetize it.

53. Video Editing

Video editors are also in high demand because of the large amount of online video content today. Video editors make smooth transitions, edit out unnecessary content, and add background music to make videos pleasing. In addition, video editors make good money per job because it’s an intricate and specialized task.

54. Blog or Product Affiliate

Brands will pay you for sponsored posts if you have a blog that you can affiliate with certain products. You write a post about the product, providing your opinion, and convincing others to buy it too. Brands pay good money for sponsored posts because it’s an effective and affordable way for them to market.

55. Website and App Testing

Website and app testers are key to designers. You can get paid to test apps and websites before they go live. It takes about 10 minutes, and you must provide a report regarding any bugs or issues you found. It’s a fun way to make quick cash and help designers.

56. Social Media Content Creator

If you’re great with social media, help companies have a better social media presence by managing their content. You can create the content or just moderate their page, answering comments and keeping up the interaction. Social media content creators make good money because their services are vital to a business’s success.

57. Virtual Assisting

Virtual assistants do almost anything a company owner needs but from home. For example, you might answer emails, schedule appointments, answer questions, write content, or manage social media. You can work on your schedule and even have multiple clients to increase your income.

58. Facebook Advertising

If you’re good at marketing and designing, consider creating Facebook ads. You can charge per hour or per design and make money helping companies advertise.

59. Laundry Services

You can offer pick-up and drop-off laundry services. You can do the laundry at home or the local laundromat, paying per load, per hour, or however, you want to charge. People often pay for convenience because they don’t have time to do it.

60. Etsy Shop

If you’re crafty or have a collection of antiques, consider starting an Etsy Shop. It’s free to start, but Etsy will keep a portion of your sales in exchange for using their platform. A favorite way of mine to make money on Etsy is by creating digital products. This way, you don’t have any inventory or anything to ship and can make passive income.

61. Sell Your Own Stuff

If you have stuff you don’t use, sell it. Use sites like eBay, Craigslist, and Poshmark to market your items. You can also use Facebook Marketplace. See what others are asking for similar items and price your items competitively to make extra cash.

62. Seamstress

If you’re good with a needle and thread, you have to get the word out in your neighborhood that you are a seamstress and will have more work than you can handle. Seamstresses are in high demand, and when the services can be local, it’s an even highly sought-after service.

63. Freelance Writing

If you love writing, consider getting paid for it. You can write for small to large businesses, keeping up their blogs, website content, or even email campaigns.

A great way to get started is to advertise your gig on Fiverr. You choose what you’ll offer and charge; if customers want to use your services, they’ll buy a gig. Everything goes through Fiverr; they keep a percentage of your sales in exchange for using their platform.

64. Website Building and Design

Website designers make great money on the side. Whether you work as a website designer full-time or it’s just something you like to do, you can make hundreds of dollars per website you build.

65. Refurbish Furniture and Sell Online

Refurbishing furniture is trendy right now, so if you have the skills to do it, you can make great money. You can sell your refurbished furniture online, but be careful with shipping costs. Sometimes it’s best to keep your services local and have your clients pick up the work themselves.

66. Event Planning

If you love planning parties, consider being an event planner. You can plan weddings, kids’ parties, office parties, or anything else. You decide what services you’ll offer and how you’ll charge, but most party planners charge per hour.

67. Data Entry

Consider data entry if you’re looking for a mindless way to make cash. You must be able to type quickly and accurately but can make $15 or so an hour to enter data for companies. You can start a gig on Fiverr for data entry or see what ads companies place on sites like Indeed.

68. Copywriting

Copywriters are like content writers, except the content they write is to help a company sell its products. You might still write blog posts or emails with a call to action to get people to buy the products you wrote about.

69. Baby Sitter/Nanny

Babysitters and nannies make good money, especially when there’s more than one child. You set your per-hour or per-day rate, but make sure they’re in line with the average in your area. According to Urban Sitter, the average hourly rate for one child is $20.57, and for two children, it’s $23.25.

See how those rates add up to what others in your area charge, and then charge what you feel you’re worth, knowing what others make around you.

70. Focus Groups and Research Studies

Focus groups are like surveys, except they are in person. You’ll spend a couple of hours answering questions and discussing products or services. In exchange for your time, you can make $100+ depending on the length of the group. Most focus groups are in person, so look for market research companies in your area.

71. Proofreading and Editing

You can make money proofreading and editing if you’re great at grammar and cleaning up written content. You can edit blog posts, articles, books, and research papers. You can charge per hour or job, depending on how you want to get paid.

72. Drop Shipping

Drop shippers are marketers. You have a website that markets and sells the products, but you don’t have to carry the inventory. Instead, you work with a drop shipping company that holds the inventory and fulfills the orders. This is a great gig for anyone good at marketing.

73. Renting/AirBnB

If you have a spare room or your home will be empty for a while, you can make money renting on Airbnb. All you have to do is list your space for rent, how much it costs, and when it’s available. All payment goes through Airbnb, and if you provide good customer service, they might leave a review which can lead to future rentals.

74. Amazon E-Books

If you love writing, make yourself a published author with Amazon eBooks. You can write on almost any subject, but always check your competition and make sure the market isn’t already saturated with books on the same topic.

75. Tax Preparation

If you are licensed to prepare taxes, you can offer your skills on the side, making a couple of hundred dollars per tax return you prepare.

Frequently Asked Questions

There you have it – well over 70 ways to make cash quickly. Whether you’re having an emergency or just want extra cash, these ways will help.

Do I Need to Report My Cash Income?

While you might not receive a 1099 for your cash income, it’s always best to report all earned income on your taxes. Always consult with your tax advisor about it.

How Do I Report or Prove My Cash Income?

Keep a careful record of your income via a spreadsheet or a free app. This makes it much easier to report your cash at tax time.

How Do I Find Easy Cash Jobs Near Me?

Word-of-mouth is the best way to find cash jobs near you. For example, let your neighbors and friends know if you cut lawns. They can then share the information with people they know, and it snowballs from there.

What Is the Highest Paying Side Hustle?

There are many high-paying side hustles; usually, those that require special skills pay the most, like graphic design, computer repair, or tutoring.

How Do You Make Money Blogging?

Bloggers make money when readers click on affiliate links and make a purchase. Therefore, you can naturally include links within the content or in a sponsored post if you make it known that the post is sponsored.

Is It Illegal to Work Under the Table?

It’s not illegal to work under the table; however, you must disclose your income to keep it legal.

How Do I Pick the Best Easy Cash Job for Me?

Pick the cash job you enjoy so you don’t feel burdened or like it’s another chore. When you enjoy what you do, you’ll do it more often and make more money.

The post 70+ Easy Cash Jobs appeared first on Millennial Money.



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January 31, 2023 at 07:04AM

Friday, 27 January 2023

Free $20 Credit When You Sign-Up

The post Free $20 Credit When You Sign-Up appeared first on Millennial Money.

Getting a free $20 credit when you sign up for an app? Sounds too good to be true, right? It’s not.

I’ve discovered the top apps that pay you to sign up. Of course, there’s always fine print, but I’ve discovered what it takes to earn $20 plus whatever the app offers, such as a way to earn income or save money.

Here are the top ways to earn a $20 (or more!) credit when you sign up for some great apps.

8 Apps & Sites That Give You a Free $20 Credit When You Sign Up

Most apps have boxes you must check to get a free $20 credit. They do this to ensure you’ll remain a customer or use the app after making the $20; otherwise, it’s money lost to them.

Check out these apps and what you can do to earn a free $20 credit when you sign up (or more):

  1. Swagbucks: $20
  2. Tada: $20
  3. Albert: $150
  4. Upromise: $30
  5. Robinhood: Up to $200
  6. Nielsen: $60
  7. RewardSurvey: $30
  8. WeBull: Up to $300

1. Swagbucks: $20

Swagbucks is a get-paid-to site that pays members to do many small tasks. Swagbucks pays members in ‘SBs’ or points you can redeem for gift cards or PayPal cash.

Members earn the most points for shopping online through the Swagbucks platform. When you shop at a partner store, they pay you a percentage back of your purchase. Other tasks include:

  • Playing video games
  • Searching the internet
  • Answering surveys
  • Accepting offers

When you sign up for Swagbucks using our link, you can earn a $20 sign-up bonus to get your earnings started.

2. Tada: $20

No one likes shopping for groceries, but Tada makes it fun by paying you cashback for buying food and household staples.

You can also earn cashback shopping online, earning as much as 20% cash back at many major stores like Target, Walmart, Home Depot, Amazon, Best Buy, and many more.

It’s easy to sign up for Tada; just enter your email address and create a password. Then it’s time to shop! For example, if you’re shopping for groceries, shop how you normally would and upload your receipt when done. Tada automatically scans your receipt for eligible purchases and pays cash back.

To earn money online, download the Tada app or the Tada browser extension, look for offers you will use, activate them and buy the products through your Tada app or extension. Then, you’ll automatically earn the allotted cash back.

When you’re ready to cash out, you can choose from PayPal or gift cards to 80+ retailers at discounted rates.

If you’re ready to try Tada, sign up and earn your $20 bonus.

Apps that Give you $20+ for Signing Up

3. Albert: $150

Albert is an all-in-one finance app that offers early access to your paycheck if you set up direct deposit, automatic savings based on your income and expenses, and investment portfolios starting at $1.

You can also track bills and spending or talk to an Albert ‘Genius’ for financial advice. Finally, Albert can ‘spot you’ up to $250 if you come up short and have your paycheck set up for a direct deposit.

You can save and invest in the app, use the Albert debit card for spending, and earn cash rewards when using your Albert card if you sign up for a genius subscription.

Other benefits include:

  • Access to $55,000+ fee-free ATMs
  • No minimum balance requirement
  • No fees (unless you sign up for a genius subscription)
  • No fees for instant transfers of up to $250

It’s important to note that Albert isn’t a bank; they are a financial app. However, they use bank-level security, and FDIC-insured banks back their financial products to protect your funds.

If Albert sounds like something you’d use, sign up, set up direct deposit, and use your Visa debit card for spending, and you’ll earn a $150 bonus.

4. Upromise (529 College Savings): $30

College is expensive, so parents must get creative when finding ways to pay for it. 529 savings plans and other investments are a great start to paying for your child’s education, and Upromise is a great addition to these efforts to maximize your savings.

When you link your college savings plan to Upromise (or a checking/savings account if you don’t have one), you can earn cash rewards for shopping, dining, and taking advantage of your favorite deals. Any rewards you earn, Upromise automatically deposits in your college savings account.

All you have to do is spend with your Upromise Mastercard and earn cashback. It might not sound like much, earning $10 or so a month, but if you consistently make $10 monthly, it can quickly turn into $3,500+ with a 5% return over 18 years.

If you’re ready to save thousands of dollars on your child’s college education, sign up for Upromise and earn a $30 bonus if you link a 529 savings plan within 30 days and keep it active at least through the first cashback earned from Upromise and verify your email address.

5. Robinhood: Up to $200

Robinhood was one of the pioneers of free stock trading. While many apps have followed suit, Robinhood still has a lot to offer investors, including fractional shares, and access to stocks, ETFs, options, and cryptocurrency.

Robinhood has a $0 minimum deposit requirement, and they’ll even match your IRA contributions by 1%. So, for example, if you contribute $6,000, they’ll match $600, increasing your savings. It may not sound like much, but when you let the earnings compound, you might earn thousands of dollars between when you contribute and retire.

What I love about Robinhood is you can have a portfolio made for you in true robo-advisor style or create your own. Of course, you could do some of both, giving you the best of both worlds, and all trades are commission-free.

They also offer commission-free options trading if you’re an advanced trader or want to dip your toes in options trading. There aren’t even per-contract fees.

Robinhood offers up to a $200 bonus in stocks to get you started. Just sign up for an account and make your first deposit. From there, Robinhood will offer you a free gift, aka money, to buy a stock from one of the top 20 stocks on their list. According to Robinhood, the gift can be worth up to $200, but the average investor gets $5 to $10. You might only buy a fractional share, but it’s free stock, so it’s a bonus.

6. Nielsen: $60 Gift Card

Nielsen pays you for using your devices. It sounds crazy, but they pay users to use the internet. The catch is you must download the Nielsen app or computer software and let them track your internet usage.

Nielsen does this to help companies improve the services they offer. Between your usage and the answers to the questions they ask, you can help shape products and services for the future.

In exchange for downloading the app, Nielsen pays users up to $60 in points you can trade for gift cards to your favorite stores or services, including Amazon, Starbucks, PayPal, and Google Play.

7. RewardSurvey: $30

If you love making a difference in companies that sell products or services, sign up for RewardSurvey and share your opinion. RewardSurvey conducts periodic surveys asking about certain products, services, or your habits and pays reward points for your time.

As soon as you earn reward points, you can redeem them for the most popular magazine or gift magazine subscriptions.

When you sign up, you’ll automatically earn $30 worth of points to redeem for your favorite options immediately. You also can save your points, but they expire after six months, so don’t let them sit too long.

8. Webull: Up to $300

Webull is a commission-free stock trading app. They have no account minimums, and you can trade stocks, ETFs, options, OTCs, and crypto. In addition, investors can open an individual taxable or retirement account and have access to pre-market and after-hours for extended trading.

Webull is great for technical investors who use technical indicators, charting, and Level 2 quotes to choose their investments. Investors also get access to a fully customizable desktop platform to create custom charts and watchlists and place trading orders.

If you sign up for Webull, you can earn up to $300 in free stock. To earn your free stock, download the app or open an account online and you’ll earn two free fractional shares valued up to $300.

When you fund your account, you can earn an additional 4 to 10 free fractional shares valued at up to $3,000.

Why These Sites Give You a Free $20 Credit When You Sign Up

The sites mentioned above are all ways to supplement your income or get a bonus for opening an account. Most sites can pay you because they earn a commission from the companies they work with to bring in more members.

The companies that pay a sign-on bonus but don’t get a commission from other companies do so to bring in more customers. It’s a cost-effective marketing technique for these companies to increase their customer base.

Frequently Asked Questions

Earning a sign-on bonus is a great way to boost your earnings, and sometimes you can even cash out immediately, making it a great way to earn extra money.

How do you claim your free $20 credit when you sign up?

Every company differs in its requirements for earning a signup bonus. So always read the fine print to determine what you must do to earn the bonus. This is especially important for banking or investment apps, as they may have minimum deposit requirements or require you to meet other criteria, such as setting up direct deposit or spending with your linked debit card.

What are some apps that have other sign-up credit amounts?

Earning a $20 sign-up bonus is great, but any free money is great. Some apps offer lower bonuses, but it’s still free money and worth considering. Some popular apps offering sign-up bonuses include Swagbucks, LifePoints, Acorns, and Cash App.

The post Free $20 Credit When You Sign-Up appeared first on Millennial Money.



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January 27, 2023 at 08:57PM

Best Small Business Credit Card Options in 2023

The T&E (Travel and Entertainment) credit card was one of the first business-based credit cards in history. Launched in 1958, it changed the way people...Read More

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Best Magento Hosting Providers in 2023 (Ranked & Reviewed)

Ensuring your site’s content management system runs smoothly is critical to creating an effective online store. That’s why choosing a reliable web hosting provider is...Read More

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Thursday, 26 January 2023

GoDaddy Alternatives: Best Options To Consider in 2023

Hosting your website on GoDaddy has been a popular choice for many businesses. However, plenty of other reliable services can give you the same quality...Read More

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Wednesday, 25 January 2023

List of Top Learning Management System Examples (LMS)

Learning management systems enable organizations to create, track and deliver learning experiences for their learners. They allow educators to manage all stages of learning. Image...Read More

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$10 Sign-up Bonus Offers

The post $10 Sign-up Bonus Offers appeared first on Millennial Money.

Today, several companies offer $10 bonuses as a way to get more people to sign up. It may not sound like much, but $10 can grow into something more, and you receive it for doing nothing but signing up and following the instructions.

I’ve discovered the top apps that pay $10 for signing up and listed them below, plus a few higher bonuses worth checking out. You might have to meet specific requirements, but free bonuses are an easy way to boost your earnings quickly.

$10 Sign-up Bonus Offers for January 2023

The following websites and apps give new users a $10 bonus for signing up:

1. MyPoints

MyPoints is a site that pays you to answer surveys, shop online, and play games. It’s a fun way to spend your free time and earn extra money.

As the name suggests, MyPoints pays you points for your activities, including shopping. However, you can also earn exclusive coupon codes and sales available only to MyPoints members.

The nice thing about MyPoints is that you can shop online through their website or mobile app or shop in-store for groceries at stores like Walmart, Target, Kroger, and Safeway. After shopping, you upload your receipts and earn cash back.

If you’re up for trying new things, you can earn points for trial offers. But remember to cancel the trial if you don’t want to continue. In addition, they offer paid trials for some of today’s hottest companies like Hulu, HelloFresh, and FabFitFun.

How to Sign Up:

To sign up, enter your email address and create a password. Next, complete your profile to increase your chances of receiving more surveys and paid offer opportunities. When you spend $20 or more in your first 30 days of membership, you’ll earn a $10 welcome bonus to boost your earnings.

2. Swagbucks

This website pays members to do micro-tasks such as playing games or answering surveys. You may also earn points for printing coupons, accepting free trial offers, and taking quick polls.

Swagbucks pays members in points or ‘SBs’ that you can redeem for gift cards to your favorite stores. If you want to ensure you take advantage of every opportunity to earn, download the free browser extension. You’ll automatically learn about available coupons, cash-back opportunities, and sales when you search online. Plus, you get a bonus for downloading the Swagbucks extension, bringing you closer to having enough points to get free gift cards.

How to Sign Up:

Swagbucks pays new members a $10 sign-up bonus. To sign up, enter your email address and choose a password to get started. I recommend completing your profile thoroughly to increase your chances of getting surveys and applicable offers to help you earn more SBs.

To get your $10 sign-up bonus, you must make a $25 qualifying purchase through Swagbucks. Once you make your purchase, they’ll credit your account with the $10 bonus.

3. Acorns

Acorns is a micro-investing app that lets users invest their spare change. After signing up for an account, you link your most used debit card and set up the round-up feature that rounds your purchases by the increment you set.

Acorns collects the spare change into a cash account until you have $5, which they invest in a portfolio based on your risk tolerance, goals, and timeline. They also offer a retirement account and the option to continually set up recurring deposits to grow your portfolio.

In addition, you can open an Acorns checking account, set up recurring deposits, get 2-day early access to your direct deposits, and get a free Acorns Visa debit card.

How to Sign Up:

If you’re ready to collect your $10 sign-up bonus and invest it to make it grow faster, download the Acorns app, sign up for an account, and fund your account with at least $5 to get your bonus.

4. Fundrise

Fundrise is an online real estate company that lets everyday investors become real estate investors through crowdfunding. The company has a diversified portfolio of debt and equity real estate investments that they let investors buy a part of to invest in commercial real estate.

Investors don’t have the responsibility of managing the properties or the burden of owning them. Instead, they earn prorated income from the rent or interest, plus capital gains for equity investment when Fundrise sells the property.

Fundrise offers five portfolios:

  • Starter portfolio with a $10 minimum investment
  • Basic portfolio with a $1,000 minimum investment
  • Core plan with a $5,000 minimum investment
  • Advanced level account with a $10,000 minimum investment
  • Premium level account with a $100,000 minimum investment

The platform is available to non-accredited investors and is a long-term investment, lasting for at least five years. Fundrise offers a redemption program to cash your shares in early; however, you’ll pay a 1% redemption fee.

How to Sign Up:

To get started, enter your email address and follow the prompts, answering the questions to set up the proper account. You must also provide adequate identification and have your account approved. Once approved, you can link a funding account, and if you transfer at least $10, you’ll earn $10 in shares within seven days. This promotion is only available to new investors.

5. Rakuten

Rakuten (formerly eBates) is one of the most popular cash-back sites. They partner with over 3,500 stores to help you earn cash back on purchases. The cash-back percentages change often, so always check back before shopping.

You can shop on Rakuten.com, through the Rakuten app, or download the Rakuten browser extension to earn cash back. You can earn cash back on all your favorite things, including clothes, household goods, electronics, dining out, and ridesharing.

As a bonus, Rakuten also offers exclusive coupons to its members, allowing you to double dip your earnings by saving money on your purchase and earning cash back.

How to Sign Up:

To sign up, enter your email address and provide a password. Rakuten will ask for more information, such as your home address, because they send what they call ‘a big fat check’ quarterly with your earnings.

As a bonus, you’ll earn $10 for signing up after making at least a $25 purchase within the first 90 days of membership.

6. BeFrugal

BeFrugal is a cash-back site that pays up to 40% cash back when you shop at one of their 5,000+ retailers.

It’s easy to earn money using BeFrugal; just browse like you usually would, add items to your cart, and check out. You can shop on the BeFrugal website or mobile app or download the BeFrugal browser extension.

If you don’t want to worry about activating offers or missing a coupon, I recommend downloading the extension. It automatically applies coupons and eligible cash-back to your account.

When ready, cash out your earnings via PayPal, Venmo, Zelle, or a direct deposit to your checking account.

How to Sign Up:

To sign up and earn your $10 bonus, enter your email address and provide the necessary information to complete your account. You’ll earn your $10 bonus once you’ve shopped and earned at least $10 in cash-back.

7. TopCashBack

TopCashBack claims they are the most generous cash-back app today, and it’s true. The app works with 4,400+ retailers to earn shoppers like yourself commission on their purchases.

They pay back 100% of the commissions retailers pay to shoppers like you so that you can earn a healthy percentage back on your purchases. TopCashBack makes money from bonuses retailers pay them, plus other advertising and sponsored opportunities on the site.

It takes up to seven days to see your cash-back earnings in your account, but you can’t withdraw the funds until the retailer’s return window ends. TopCashBack makes it obvious how much of your earnings you can cash out at any time.

You can cash your earnings using PayPal, a bank deposit, or a gift card to your favorite stores. Sometimes the gift card option includes a 5% bonus, so it’s worth checking before cashing out.

How to Sign Up:

To join TopCashBack for free, enter your email address and click ‘Join Free.’ Next, follow the instructions to set up your account and earn your $10 bonus.

Other High-Paying Bonus Offers

Some apps pay more than a $10 sign-up bonus. They are mostly finance apps backed by large banks that can afford the higher bonuses, but they are worth considering.

1. Albert Banking -$150 Bonus

Albert is a finance app that handles banking and investment support. Set up direct deposit, and you’ll receive access to your pay up to two days early; plus, Albert offers a ‘spot me’ service that advances up to $250 between paydays if you have direct deposit established.

Albert also offers automatic savings programs using their algorithm that evaluates your income, bills, and spending, transferring what it thinks you can afford to your savings account. They also offer simple portfolios with only a $1 minimum investment required.

Albert includes a Visa debit card you can use for spending with access to up to 55,000 fee-free ATMs, and if you sign up for their Genius membership, you can earn cash-back opportunities when you shop using your Albert debit card.

Genius members also have access to professional financial advice and support seven days a week.

It’s important to know that Albert isn’t a bank. They are a finance app, but FDIC-insured banks back them, so your money is protected by up to $250,000 per depositor.

How to Sign Up:

It’s easy to get started with Albert. Simply download the app, answer your finances and identity questions, and link your external bank accounts.

Albert offers a generous $150 sign-up bonus if you set up direct deposit in your account. To earn the deposit, you must receive your first deposit of $500 or more within 45 days of signing up and consecutive direct deposits every 30 days for 90 consecutive days. You must also use your Albert debit card to spend at least $200 every 30 days for the first 90 days.

2. Upgrade Banking -$200 Bonus

Upgrade is a digital financing app backed by Cross River Bank. Upgrade’s Rewards Checking account offers a generous $200 bonus when you open a Rewards Checking account, fund it, and make three qualifying debit card purchases (not ATM withdrawals) within 60 days of account opening.

Some of the benefits of the Upgrade Rewards Checking account include the following:

  • 2% cash-back on everyday purchases (basic necessities)
  • 1% cash-back on everything else
  • No fees, including ATM, overdraft, or monthly maintenance fees
  • Ability to link a high-yield savings account and earn 3.5%
How to Sign Up:

To set up your account, click ‘open an account’ and follow the instructions. You’ll link a funding account to get money into your account and will receive your debit card after account approval. Use your debit card for qualifying purchases within the first 60 days to receive your $200 bonus.

Frequently Asked Questions

How Do You Qualify for the $10 Sign-up Bonus?

Each app has different requirements to earn the $10 sign-up bonus. Read the fine print to see what’s necessary, whether it’s a certain number of debit card purchases or direct deposits, or you must spend a certain amount within the app to earn the bonus.

How Do You Redeem Bonuses?

Each app has different rules for redeeming bonuses, but most are automatically applied once you meet the requirements. Some apps pay it immediately, and others have a waiting period of up to 90 days to receive it.

Are $10 Sign-up Bonuses Worth It?

A $10 sign-up bonus is a great boost to your supplemental income. It’s not a ton but it’s free money, and every penny counts, especially if you use it correctly. Double-check the fine print to ensure you qualify and take advantage of these bonuses today!

The post $10 Sign-up Bonus Offers appeared first on Millennial Money.



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January 25, 2023 at 12:08AM

Tuesday, 24 January 2023

What Is Business Credit and How To Get Started in 2023

Establishing your business credit is one of the most critical steps for a business owner to start a company. It can open up a world...Read More

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American Hartford Gold Review: An Honest Review in 2023

Buying and selling gold requires trust and confidence in the company you work with. American Hartford Gold is one of the market’s most trusted gold...Read More

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Monday, 23 January 2023

8 Best cPanel Web Hosting Plans (2023 Options)

cPanel is one of the world’s most popular web hosting control panels. It offers a wealth of features for website owners, including: Whether you use...Read More

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Bluehost vs. GoDaddy: My Honest Opinion (Best Option in 2023)

With so many web hosting services available today, it can be challenging to determine which is best for your website. GoDaddy and Bluehost are two...Read More

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What Are Precious Metals and How To Invest in 2023

Kings, emperors, and noble families have always appreciated the beauty of the shiny yellow metal. Nowadays, investors still hold precious metals in high regard. Whether...Read More

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Saturday, 21 January 2023

How To Establish Business Credit: Your 2023 Guide to Success

Establishing business credit is essential for any company. In a reality where one in five businesses are denied loans due to bad credit, a good...Read More

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Friday, 20 January 2023

Rosland Capital Review: Complaints, Fees, Pros & Cons in 2023

In a world of rising inflation where yet six out of every ten Americans don’t know how much money they need to retire, the right...Read More

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Jasper Art Review: Can It Really Create Art You Can Use?

Ever dreamed of becoming an artist? Can technology make you into one? Jasper Art promises to make the whole process effortless – all you have...Read More

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Thursday, 19 January 2023

How to Use ChatGPT (Ultimate Beginner’s Guide for 2023)

Artificial intelligence has been steadily growing in capabilities, and OpenAI’s new chatbot, ChatGPT, is taking the industry to a new level. This incredible tool can...Read More

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What is ChatGPT: Limitations & Recommended Uses

Have you ever wished you could converse with a machine and get immediate answers? Well, now you can. ChatGPT is an incredibly sophisticated AI model...Read More

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Wednesday, 18 January 2023

How To Open A Business Credit File

Opening a business credit file is essential for a business to establish itself as a viable entity and access funding or other credit-based services. As...Read More

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Tuesday, 17 January 2023

How to Make Money with Your Money

The post How to Make Money with Your Money appeared first on Millennial Money.

It may feel impossible to get ahead financially when you work a 9 to 5 and barely make enough money. But what if you could turn money into more money? It’s possible with some creativity.

You may have already considered asking for a raise or investing in stocks, but there are many other ways to grow your money and reach your financial goals. The key is understanding where to start.

5 Ways to Make Money with Money

Here are my top recommendations for turning your money into more money:

  1. Raise Your Money Consciousness
  2. Grow Your Skills and Education
  3. Invest
  4. Start a Side Hustle
  5. Create a Company

1. Raise Your Money Consciousness

One of the most important ways to turn money into more money is to practice money consciousness or stay aware of where your money goes.

This starts with a budget. Think of a budget like a map for your money. Without outlining where your money should go, you could spend it needlessly, leaving you with little money for your future goals.

If you want to turn money into more money, you must be conscious about where you spend your money.

For example, when you’re shopping, and you see something you MUST have. Conscious thinking would have you stop, breathe, and think about the opportunity cost of the purchase. If you’re spending money you would have invested, is it worth it? Will that purchase make more money, or will skipping the purchase and investing make more money?

Money consciousness means being present with your money and not absentmindedly making financial decisions that have negative repercussions.

So how do you do this quickly? Here are a few ways.

Live Within Your Means

I already talked about budgeting, but let’s talk about living within your means. For example, say you make $5,000 a month. This doesn’t mean your monthly bills and spending should total $5,000.

Instead, it would be best if you lived within your means, so you have enough money for the following:

  • Fixed bills like housing, utilities, etc.
  • Fun spending
  • Saving
  • Debt payoff
  • Investing
  • Charitable giving

That may seem like many categories to fit into your monthly budget, but it’s possible when you live within your means.

For example, don’t buy a house that makes you house poor. In other words, don’t spend a large percentage of your income on housing. Ideally, your mortgage payment shouldn’t be more than 28% of your income, including your real estate taxes and homeowner’s insurance.

Don’t Let Lifestyle Creep Happen

A big part of budgeting means not letting lifestyle creep happen. This requires excellent money consciousness.

Say, for example, you get a $500 a month raise. Suddenly, you have an extra $500 that doesn’t have anywhere to go, so you could easily let that money go to work on a larger car payment or more expensive habits.

Instead, consider increasing your retirement contributions or investing the funds in another account to help you reach your financial goals.

Don’t let material things take up your newfound money, leaving you with a higher cost of living outside your means.

Live For Yourself

Rather than trying to keep up with anyone else, consider what makes you happy, and don’t care about anyone else. You aren’t here to make anyone else but yourself happy.

Of course, if you have a family, you want to keep them happy, but it stays within your four walls. You aren’t here to impress your neighbors, friends, or extended family.

When you live for yourself, you focus on your goals and making yourself better for the future, not just living for today.

Pay off Debts

The debts you have today rob you of your financial future. So instead of going into debt to keep up with everyone, only borrow what’s necessary and do without the rest.

For example, a mortgage is necessary because you need somewhere to live. However, you don’t need such an expensive housing payment that you can’t save for retirement or other long-term goals.

First, focus on paying off high-interest consumer debts, such as credit cards and student loans. The interest on these loans is an unnecessary expense. Figure your budget so you have enough money to pay your consumer debts off as quickly as possible.

Consider paying your mortgage off earlier when you’re out of consumer debt. Even shaving a few years off your mortgage can save you thousands of dollars that you can grow into more money by investing in your future.

2. Grow Your Skills and Education

Investing in yourself is a great way to turn money into money. You are your most significant investment, and the earnings will compound more than any other investment.

It may sound crazy to invest in yourself – how is it possible?

There are many ways, but the key is continuously improving yourself to make more money. Every dollar you make becomes more money as you use other steps to turn money into money, such as investing.

So how do you invest in yourself? Here are a few ways.

Education

You are never too old to return to school. If you never went to college, go now. But if you have already earned a degree, consider another. Think about ways higher education could help you make more money.

For example, if you’re a teacher and go back to school for a higher degree, you’ll likely get a raise. You could also return to school to change careers and get a higher-paying job or work your way up the ranks at your current place of employment.

Some people go back to school to do something completely different. For example, if you went to school to be a teacher but decided to be a nurse later in life, you could go back to school and pursue your dreams.

The key is to go to school to start a higher-paying career or to add to what you already do.

Increase Your Income

Earning more money is always a way to turn money into more money. It might not sound easy initially, but there are many ways to increase your income.

  • Negotiate a Raise: If you love what you do, consider asking for a raise. You won’t know unless you ask. When you ask for a raise, have reasons and data proving why you deserve it. Look around and see what other companies pay people in the same position and use it as leverage if they pay more.
  • Get Promoted: Work hard and do what’s necessary to get a promotion. Most higher positions come with higher pay.
  • Change Jobs: If you can’t make more money at your current job, consider changing jobs if you know you can make more elsewhere. Make sure when you change jobs, there’s room for you to climb the ladder and make more money.

Freelance

If you’re happy at your job, consider freelancing. You can freelance in your industry, offering consulting services, or start something separate, such as freelance writing, graphic design, photography, or tutoring.

Think of things you like to do and/or are good at and start a business doing it in your free time that can help you increase your income.

Professional and Career Development

Never stop learning, even if you don’t go back to school. Make it a habit to read self-improvement books, take courses, or follow mentors in your industry.

Find ways to improve yourself and find new ways to make more income. For example, networking can open up more doors for you, sometimes not even in your industry. For example, say you are in a conversation with someone who needs a website built, and you have website-building skills. You can earn money on the side just by networking and talking to others about your skills.

Of course, you can also take professional courses and seminars to continually level yourself up, showing your employer and others what you have to offer.

3. Investing

Investing is one of the most popular ways to turn money into money. However, it can be a passive income that helps your money grow, and you reach your financial goals.

There’s no right or wrong way to invest; it depends on your risk tolerance and financial goals. If you’re a beginner, consider starting small, investing in bonds, a couple of stocks, and putting some money in a CD for safekeeping.

The key to investing is to keep your money growing. Reinvest the money you earn so you compound your earnings further and strive to reach your goals.

You can invest in almost any asset, but here are some of the most popular.

Mutual Funds

Mutual funds are investments made by pooling funds from many investors. The fund manager determines which assets to include in the funds and usually actively manages them by buying and selling stocks to earn capital gains.

Mutual funds have fees, but they are a hands-off investment because the investment manager handles all investment decisions for you.

Exchange Traded Funds (ETFs)

ETFs are another crowdfunded investment that pools the funds of many investors. ETFs are similar to mutual funds, except they are passively managed. Fund managers don’t actively manage them; instead, they buy and hold the investments that typically track a major index, such as the S&P 500.

ETFs are available in many themes, tracking different markets or for different risk tolerances. They don’t have as many fees as mutual funds but are a longer-term investment.

Real Estate Investing

Real estate investing is a popular way to invest and compound your earnings. You can invest in real estate in several ways.

  • Buy physical property – You can buy and hold property to rent to tenants. This method of investing provides monthly income from rent plus capital gains earned from selling an appreciated property. When you buy a rental property, you are the landlord, so you’re responsible for all maintenance and repairs, as well as managing tenants; so, it’s an active form of income but can be lucrative.
  • Buy fix and flip properties – If you don’t want to be a landlord, you can buy undervalued properties, fix them up and flip them for a profit. This real estate investing strategy requires a lot of work upfront, but you earn your profits within 6 – 12 months. You can then buy more properties or invest the funds in other assets.
  • Real Estate Investment Trusts (REITs) – If you don’t want to buy physical properties or can’t afford them, real estate investment trusts are another way to invest in real estate. With REITs, you purchase shares of a real estate company that buys commercial properties, manages, and sells them for a profit. REITs pay at least 90% of their profits to shareholders, and you benefit from not owning any physical real estate yourself.

Stock Investing

Investing in stocks is the most common way to make your money grow by investing. When you buy stocks, you own a portion of a company. When the company does well, the stock price increases, and when they have trouble, it falls.

When you invest in stocks, consider a buy-and-hold strategy. The longer you hold onto stocks, the greater your chances of a high return. Of course, there’s never a guarantee, but on average, the stock market has 9% returns over ten years.

Invest in Others

The internet has made it possible for investors to invest in other peers. In other words, you can act as the bank and lend money to people who need it.

Peer-to-peer platforms offer this option, allowing investors to invest their money in people who need loans. Typically, you can invest as little as $25 in one loan, allowing you to diversify your funds and increase your chances of earning interest and growing your money.

Invest in High Yield Savings Accounts (HYSAs) or Certificates of Deposit (CDs)

You might not think of savings accounts to grow your money since banks pay low-interest rates; however, a high-yield savings account or CD may be a good option.

I prefer these options for money that I need to keep liquid and not risk. For example, emergency funds or any money required in the next few months should be in a liquid account while still earning interest.

High-yield savings accounts pay high-interest rates, allowing your money to grow while keeping it accessible should you need it.

CDs also offer liquidity; however, they do have maturity dates. When choosing a CD, select one with a maturity date you can live with so you don’t have to withdraw the funds early and pay the penalty.

4. Get a Side Hustle

If you haven’t reached your financial goals, but have tapped out all other sources, consider starting a side hustle.

Millionaires have seven streams of income, and a side hustle is often at least one of them. You can have active or passive side hustles, diversifying your efforts to make more money.

Active Side Hustles

You must actively work to make money with active side hustles. Driving for Uber or Lyft, delivering for DoorDash, pet sitting, or selling arts and crafts are examples of active side hustles.

You exchange your time for money and grow your net worth. Most active side hustles can be done in your free time and on your schedule, allowing you to work as little or as much as you want.

Passive Side Hustles

These are side hustles you might work a little upfront, but they continue to bring money in after you’re done working them.

Examples include writing a book, creating an online course, or selling stock photography. You write the book, make the course, or take the photos and then sell them as many times as people will buy them, sometimes years down the road.

Start a Blog

A great way to make somewhat passive money is to start a blog. You can create a blog and make money if you have the knowledge to share on a topic.

To make money, you must grow an audience, which requires you to promote your blog on social media and other networking sites.

Once you have an audience, you can add affiliate links, ads, and sponsored posts to make money. Then, when your audience clicks the links and buys something, you earn a small commission from the sale, increasing your income.

If you grow the blog large enough, you can make as much as $10,000 a month writing blog posts and sharing affiliate links.

5. Start a Company

If you want to be in control of how much money you make, consider starting a business. You can do this on the side or as your full-time gig.

Think about what you’re good at and what voids you can fill. For example, if there are a lot of competitors with the business model you want to have, determine what they don’t do that you can so you can set yourself apart from the competition.

You don’t have to reinvent the wheel to start a business; you just have to see what you can do better than everyone else to make more money.

The nice thing about owning a business is you can work as little or as much as you want, keeping it small and manageable or letting it grow to something much bigger, helping you reach your financial goals.

Frequently Asked Questions

What Is Passive Income?

Passive income is income you earn while sleeping or doing nothing. Not all forms of passive income are entirely passive, though. Sometimes you have to put work in upfront to make money, and then the rest falls into place.

How Many Income Streams Should a Person Have?

Millionaires have several streams of income. While the average person might not have that many, having as many income streams as possible is essential. Consider adding some active and passive income streams to your regular income to reach your financial goals.

How Long Can It Take to Double Your Income Stream?

To learn how long it will take to double your income stream, use the rule of 72. Then, divide 72 by your rate of return. If, for example, you’re earning 8% annually, it would take nine years to double your income (72/8 = 9).

You Can Turn Your Money Into More Money

Turning money into more money is possible with consistency and some trial and error. Find ways to make your money grow and keep trying new things. Add income streams, watch your budget, don’t let lifestyle creep happen, and start investing.

With a few steps, you’ll see your money grow faster than you thought possible, and that’s before asking for a raise or investing in yourself and starting a new career!

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January 17, 2023 at 10:17PM