How To Earn Extra Money: 23 Ways You Can Do

“MoolahNinjas main goal is to help our readers improve their financial lives. We partner with other companies that share that same vision. Some of these links in this post may be from our partners. This is how we make money.”

At some point, everybody experiences needing extra money. Whether it’s for pleasure, paying bills, or something else, don’t worry…you’re definitely not alone!

Good news is the internet has made it easier than ever to find well-paying side hustles that don’t require expert-level skills!

There’s no need to sacrifice your free-time with a demanding part-time job… Just read on as we introduce 30 methods you can do alongside a full-time job, giving you the flexibility to create a schedule that fits around your lifestyle.

SCORING METHOD

Here’s how we rank our methods! This will help you find the best method quickly.

Total Time

Based on two factors: Startup and Payment

‘Startup’ is a comparison for how long you’ll need to begin. Similarly, ‘Payment’ is for how long it takes to make money.

Difficulty

This is a comparison of how hard the method is to use.

Potential Earnings​

This is a comparison of how much you could earn.

Quick overview: Top 5 Ways to Earn Extra Money

There are tons of different ways to earn money online, but a lot of the methods don’t provide a good return on investment considering the amount of work and time you have to put in for the money you get out.

We’ve cherry-picked the fastest, easiest and most profitable methods for you! To get started, here’s an overview of the top 5:

Ninja with bitcoins
Our Top Pick
Cryptocurrency Auto-trading
INCOME METHODDETAILS
ninja holding megaphone
(Best For Beginners)
PAID SURVEYS
  • Get started in less than 10 minutes
  • Easiest method for beginners
  • Multiple survey platforms = more money to earn
GET STARTED NOW
Ninja using laptop
(Make Money Today)
FREELANCING
  • Get paid today
  • Choose and work with clients you like
  • Quit your day job
GET STARTED NOW
freelance ninja
(Turn Passion into Money)
BLOGGING
  • Make money writing about your passion
  • Create passive income
  • Easy to start
GET STARTED NOW
youtube ninja holding sword
(For the Enthusiast)
YOUTUBE VIDEOS
  • Make money talking about your favorite topics
  • Make passive income
  • Many ways to monetise videos
GET STARTED NOW

1. Cryptocurrency

Earn Extra Money through Crytocurrency

Cryptocurrencies might sound strange or complicated to some, but modern technology has made it easy to earn with.. Right now, there is no easier and more effective way to earn extra money online. 

Here are the top ways to earn:

The method you pick depends on your experience level. However, we’ve tested ProfitFarmers, an auto-trading software that made us money with no experience. – See our review here!

Pros

Cons

Startup: Fast

  • All you need is a wallet and an exchange platform to get started.

Payment: Fast

  • How quickly you earn depends on the method you choose. If you day-trade, profits are pretty much instant!
  • Different methods have different difficulty levels. For example, day trading is far more difficult than simply using an auto-trading software.
  • How much you make really varies by a lot. Typically day trading is the fastest and most profitable method, as prices can move around so much that potential profits are huge!

Tips to get started:

2. Give Your Opinions on Paid Surveys

Did you know you can make money just by sharing your opinions?

Knowing about customers, potential customers, and consumers in general is very valuable for many businesses.. Paid online surveys are one of the main ways they collect this market data.

Here’s how this method works:

  • Join one or more survey websites
  • Receive paid surveys by email
  • Answer surveys online
  • Get your money!

It’s a very easy process! While it won’t make you a millionaire, it can be great for some extra cash in your pocket.

Below are some of the best paid survey sites that we’ve tested ourselves. The more sites you sign up to, the higher your chance of earning money is.

timebucks

Earn up to $50 on your first day,
$10-$20 every day after that

Visit Page
surveyjunkie

Earn $5-$20 by taking a survey in just 3 minutes

Visit Page
surveyrewardz

Get between $0.50 and $10 per survey

Visit Page
zensurveys

Take a survey and earn $15 per hour!

Visit Page

Pros

Cons

Startup: Fast

  • Just register your account and answer a short welcome survey.

Payment: Slow

  • Most survey sites have a minimum withdrawal amount which can take 2-3 months to reach.
  • Just sign up, verify your account, and get started filling in surveys.
  • Your earnings depend on the amount and quality of surveys given by the site. You can’t expect to earn a lot from paid surveys unless you know how to take surveys efficiently.

Tips to get started:

  • Read up on how to be a smart paid survey taker
  • Have a smartphone or PC with internet access
  • VPN is optional, but it helps if you want to earn in a different currency with a higher amount

3. Go Freelancing

Earn Extra Money

Freelancing is a great way to earn extra money from skills you already have, or even newly learned ones in the process.

Freelancers do short-term projects for one or more client at a time, so they’re in complete control of how much they earn and when they work.

Here are some in-demand services:

Pros

Cons

Startup: Fast

  • Get started by listing your skill sets on different platforms. This will only take an hour or so.

Payment: Fast

  • You decide with your client when to get paid. Typically it’s after the job’s completed.
  • Platforms like LinkedIn, Fiverr, and Upwork make it easier for you to find and connect with potential clients. Plus, reading a proper guide can help you get started in the best way possible.
  • Average earnings are €1000-5000 a month. Earn more by developing your skills and expanding your network.

Tips to get started:

  • Read a beginner’s guide to help you through your freelance journey
  • Have a valuable skill you can sell
  • Self-discipline to schedule your day well
  • Have a personal computer with a stable internet connection

4. Make a Blog and Monetize it

Blogging is a great way for people to make money talking about their interests!

Create a blog for free through softwares like WordPress. When you’re ready, upgrade for personalised features like having your own domain name! You could also use design plug-ins such as Elementor and Elegant Themes.

Create your own blog and start earning money passively. Use these services to make a blog easily and quickly:
Weebly Logo
  • Intuitive and easy to use
  • Affordable
Wordpress Logo
  • Extremely customizable design, features, and functionalities
  • Can incorporate third-party tools
Weblium Logo
  • SEO Ready Site
  • Mobile responsive and Cost-efficient

Bloggers typically start writing about things they love, build an audience, and eventually sell courses, products, coaching packages, and more.

Here are a few tips to start a successful blogging career:

  • Pick a popular niche
  • Be consistent with your posts
  • Make your blog advertiser-friendly
  • Optimize your content for SEO
  • Apply basic WordPress techniques
  • Join affiliate programs

Pros

Cons

Startup: Medium

  • Building a blog shouldn’t take more than a few days, but attracting an audience can take months or years.

Payment: Slow

  • Even if you create a perfect blog, it can take a while to generate traffic that you can monetise.
  • You’ll need to invest time in learning basic wordpress, content writing and marketing skills in order to be successful.
  • The top blogs can generate up to $2 million a year.

Tips to get started:

5. Trade Cryptocurrencies

Earn Extra Money through Trade Cryptocurrency

Bitcoin’s success showed the world there’s a fortune to be made in what some are calling the modern day gold-rush!

Many others saw the potential and created different cryptocurrencies (also known as, “coins”) to compete with the giant.

This offers a unique opportunity for traders to score big profits with crypto. Today, being a crypto trader is quickly becoming one of the best ways to make money.

If you don’t have any experience and don’t want to spend time learning how to trade, then consider using an auto-trading tool. We’ve tested one called ProfitFarmers, a software designed for people with 0% experience.

to see how much money we made in just a month! 

ProfitFarmers Callout Card
Trading is one of the most popular methods to earn cryptocurrencies. Trade with these platforms and make more money!
profitfarmers copy trading platform logo
Favourite Tool
  • Semi- Automate Trading
  • Copy Experts and Algorithms
Binance
  • Trade over 150 Cryptos
  • Option to buy cryptos with credit card
Naga Logo
  • Social investing network
  • Commission-free stock trading

Pros

Cons

Startup: Fast

  • Start trading right after opening a Binance (or other exchange) account.

Payment: Fast

  • Transactions are instant, and so are your profits, too!
  • Trading isn’t for everyone. You need to have the skills and knowledge to understand the industry. (Unless you make use of an automatic trading tool like ProfitFarmers!)

Tips to get started:

More Ways to Earn Extra Money Online

Here are more tried-and-tested methods for you to choose from!

6. Trade Stocks

Earn Extra Money

For years, stock trading was the best way to grow your money. However, only people with the right education and license were allowed to trade.

Thanks to the internet, stock trading has become accessible for everyone..

There are many platforms available:

Pros

Cons

Startup: Fast

  • Platforms like Etoro let you trade right away, but you need to start with a sizable sum of money if you want bigger gains.

Payment: Slow

  • Profiting from your trades can take days, weeks, or months.
  • Becoming a pro trader takes years of learning and experience.
  • Potential profits aren’t as high as the crypto market, but you can still earn a lot over time.

Tips to get started:

  • Research and learn about stock trading
  • Save money for investing
  • Open an account with Etoro or select a broker

7. Copy Trades with the click of a button

The idea is simple: copy what successful traders do, and you’ll be successful too!

Copy trading lets people make a profit without any trading experience, making it a great way for beginners to get started!

Etoro is the most well-known copy trading platform. It has won multiple awards, featured in numerous articles globally. Their software is very beginner-friendly.

However, Etoro isn’t the only copy trading platform.

Here are a few alternatives you can use:

ProfitFarmers
(You directly copy trades, not people)

Pros

Cons

Startup: Fast

  • You can start copy trading as soon as you open an account.

Payment:  Medium

  • How quickly you earn depends on the trader you’re copying, and the type of trades they’re making (Stocks, Cryptocurrencies, Forex etc.)
  • Choosing a trader to copy is easy. However, you need to be careful as traders making high returns often make high-risk trades.
  • Typically, copy traders make between 10 – 25% returns on a trade. However, include exchange fees and the traders cut on your profits, and your earnings could be lower.

Tips to get started:

  • Find the best copy trading platform that fits your preferences (We suggest Etoro)
  • Look for experienced traders with a proven track record and similar risk appetite as you

8. Make Money on Youtube

youtube ninja in monitor extra money

Youtube has become incredibly popular thanks to the variety of content that’s constantly being added by creators.

One of the main reasons so many videos are posted (aside from wanting to share fun and informative content) is that you can make money off of them.

Today, a popular YouTuber can make more than $10,000 per sponsored video!

Make your Youtube Channel successful by signing up for these great help tools for YouTube.
vidIQ Logo

Helps you get more views on YouTube

Canva Logo

Helps you create YouTube thumbnails and templates

With an overall idea for your channels content, the next step is to decide how you’ll monetize views:

  • Linking your YouTube account to Google AdSense. If you pass their requirements, you get a cut from every ad that plays on your videos.
  • Joining Amazon Affiliates. You can link their products to any relevant YouTube video.
  • Promoting sponsored products and services in your videos

Pros

Cons

Startup: Fast

  • Opening a YouTube channel takes less than 10 minutes.

Payment: Slow

  • It may take a few months to a year before getting your channel monetized by Youtube or Google AdSense. You have to prove you regularly post quality content that attracts lots of viewers.
  • Anyone can post a video on YouTube but it takes time and lots of subscribers before being able to make a big income.
  • You can earn millions of dollars a year if you become one of the top YouTubers.

Tips to get started:

  • Start by reading an in-depth guide for making money on Youtube
  • Define your niche
  • Make a Youtube channel
  • Know basic video-editing skills
  • Have a regular uploading schedule

9. Get Extra Cash From Your Instagram Account

Earn Extra Money

Instagram is quickly becoming one of the best platforms for making extra money online.

An Instagrammer with around 14,000 followers can earn $100’s per post.

However, your earnings will depend on your post quality, follower engagement, and topic niche.

So let’s say you regularly post good content for your engaged bunch of followers…how could you passively earn from that?

  • Become an affiliate marketer. You simply promote goods/services in exchange for a commission every time you generate a sale for your affiliated company.
  • Seek out sponsorships from brands related to your posts/lifestyle.
Looking for where to buy shoutouts, sell your account, and become an influencer on Instagram?

We recommend you to register on these sites:

Buy Shoutouts
Sell your Instagram account
Influencer Platform

Pros

Cons

Startup: Medium

  • Making an account and posting pics takes less than 5 minutes, but building a large following takes time.

Payment: Slow

  • Instagram influencers get paid from sponsorships or commissions from affiliate partners, and this requires lots of followers.
  • The more followers you have, the bigger your earnings. With around 100,000 active followers, you could make up to $700 or more per post.

Tips to get started:

10. Stream Your Gameplays on Twitch

Earn Extra Money through Streaming on Twitch

Want to earn extra money playing video games? Twitch is a great place to start, it’s one of the biggest gaming streaming platforms in the world.

Some people are already making millions just by playing video games.

In 2019, Tyler Blevins (also known as “Ninja”) had an estimated net worth of $10 million from playing Fortnite. A company even paid him $1 million just to play their new game.

To make a decent amount of money, consider focusing on a popular genre:

  • MOBA
  • FPS
  • MMOS
  • Battle Royale
  • Racing

After choosing a genre, here’s how you can make money:

  • Join the Twitch Partner Program. You’ll get a cut out of your viewers’ subscription fees as well as other perks.
  • With just 50 followers, you could become a Twitch Affiliate. When viewers buy any in-game items from your channel, you get a 5% share of the revenue.
  • Run ads on your channel, just remind your viewers to turn off ad blockers!
  • Create your own merchandise and sell it. You can easily make your own merchandise with Spreadshop.

Pros

Cons

Startup: Fast

  • You need a powerful PC, web camera, and a stable internet connection to start streaming.

Payment: Medium

  • If you’re a Twitch Affiliate or Partner, the payouts happen 15 days after the end of the month. Merchandise sales are instant.
  • You get paid for doing something you love. But, you’ll need top-tier gaming skills and charisma to gain an audience’s attention.
  • The money you make is directly affected by your viewer count. The more viewers, the bigger your earnings.

Tips to get started:

11. Explore Facebook for Business Opportunities

Facebook is the best place for connecting people, ideas, and products online. It’s the world’s most popular online marketplace!

Here are the best ways to make money on FB:

  • Joining a buying and selling group or Facebook Marketplace to sell products, make connections, and more.
  • Running Facebook Ads for a business page.
  • Getting a commission from getting referrals from your posts
  • Promoting your business or projects to your Facebook friends and groups

Pros

Cons

Startup: Fast

  • It’s quick and easy to do things on facebook that can make you money. More complex tasks like running ads can take more time but can also earn you more money.

Payment: Fast

  • Before sending a product or completing a service, you can require to be paid first.
  • Selling items or services can be easy if you know how to use Facebook Ads, targeting specific groups of people. Fully learning FB ads can take some time.
  • Your earnings depend on the demand of the items or services you’re selling, and how well you’re able to market them.

Tips to get started:

  • Read our guide for more ideas you can do on Facebook
  • Have knowledge about marketing
  • Understand the company or product you are promoting
  • Make a Facebook business page or join groups to expand your business network

12. Crowdlending

Do you have cash you’re willing to lend out? Crowdlending (or P2P lending) allows people to borrow money for an investment on a project that aims to give good returns in the future.

These are some popular platforms:

Pros

Cons

Startup: Fast

  • Most platforms present a list of projects, risk levels, and borrower information for lenders to view. If the lender finds something they like, a loan agreement is created by the crowdlending platform.

Payment: Slow

  • Once you’ve invested, profits are sent to your bank account monthly, quarterly, or at the time indicated on the loan agreement.
  • It may take time to find a borrower with a project that sounds promising.
  • It’s possible to earn $1,000’s a year if you diversify your investments or find a successful project.

Tips to get started:

  • Must live in a country where crowdlending is legally available
  • Must have money you’re willing to invest
  • Must open an account in a crowdlending platform

13. Do Affiliate Marketing

Earn Extra Money through Affiliate Marketing

Affiliate marketing is connecting people with products/services they’re interested in.. This can be done:

  • Through a website or blog
  • Through email marketing
  • Through paid ads like social media ads, search ads or native ads

A good example is when bloggers place Amazon’s links on their website. Whenever someone clicks and purchases something, the blogger gets a commission.

Here are some beginner-friendly affiliate networks:

Pros

Cons

Startup: Slow

  • It takes time to build your website’s authority. Sometimes, it takes a year before you can make money from affiliate links.

Payment: Medium

  • Payment depends on the company, product, or offer you’re promoting. The most common pay-out models are CPA (Cost Per Acquisition, a flat fee per sale or lead) and Revenue Share (where you get a percentage of whatever the person you referred spent on your offer’s website).
  • If you have a website, you must perform search engine optimisation (SEO) to attract more visitors who might click the links.
  • You must balance promoting products and providing quality content, otherwise you’ll sound scammy.
  • A website with high traffic and great offers can easily make $1,000+ a month

Tips to get started:

  • Join an affiliate network (you can check out our recommendations here!)
  • Set up or use an already existing medium. This could be a website, blog, email list, Youtube channel, Instagram account etc.
  • Constantly learn more as this method is constantly evolving too.

14. Sell Your Knowledge

Many people are willing to pay to learn valuable skills, so if you have something you can teach, why not make money from it!

It’s very simple. Record a course on a topic that you understand well. Upload it and make money!

Here are a few platforms for selling courses:

Pros

Cons

Startup: Medium

  • Some platforms need to verify your course. The review process for Udemy can take 2 business days.

Payment: Slow

  • Depending on the platform, it can take between 1-3 months before you get paid. Most platforms wait until your courses refund period lapses before they pay out.
  • Besides mastering the skill you want to teach, you need to be able to present it well too.
  • You can earn thousands of dollars a month depending on the topic.

Tips to get started:

  • Mastery of a subject
  • Video recording equipment
  • Choose a platform you want to share your online classes to
  • Advanced step: build an email list to promote your online classes!

15. Make Websites for Others

Earn Extra Money through Making Websites

You can make good money building websites, and thanks to a variety of tools, it’s easy to start even without experience.

You can start with these beginner-friendly tools and learn from there:

Once you’ve built up some skills, start reaching out to people or businesses to see if they’re interested in having a website built.

Pros

Cons

Startup: Medium

  • Learning about building websites will take time, but you can easily start with drag-and-drop builders.

Payment: Medium

  • Typically, clients will pay you for the number of hours or stages you worked on the project. But, some clients may prefer to pay the upfront cost for the project.
  • It can take you weeks to create a website without any templates, especially with a fussy client.
  • Web developers with 1-2 years experience can earn $37 to $55 per hour. But a senior web developer can make as much as $60 to $73 or more per hour.

Tips to get started:

  • Good knowledge of web development
  • A portfolio of all your work samples
  • A stable internet connection
  • Focus on giving high-quality output

16. Build an Online Shop with an eCommerce Site

Got a business idea? Bring it to life with an eCommerce website builder.

These sites make it possible for you to spend more time on building your business, and less time building your site from scratch!

Here’s some eCommerce platforms you can start an online business with:

logo of Spocket - print-on-demand dropshipping website
Are you looking for an easy way to do dropshipping?

Spocket has many products, good customer support, and fast shipping. They are our favourite choice.

Pros

Cons

Startup: Medium

  • You can outsource the eCommerce site development while you focus on marketing and production.

Payment: Fast

  • Payment transactions are usually done in less than an hour through an online payment processor.
  • eCommerce has high competition, and if you don’t research before starting, it’s likely you’ll lose money.
  • It’s quite possible for a popular eCommerce website to earn $40,000+ a month. However, profitability is directly affected by shipping time and customer demand.

Tips to get started:

  • Read up on how you can build a profitable online shop
  • Open an eCommerce site in a trusted and popular platform
  • Get an integrated payment processor that accepts all major credit cards
  • Find an efficient shipping system
  • Proper marketing of your products

17. Host Guests Through Airbnb

If you live in an area popular with tourists, Airbnb makes it easy to earn extra money by listing your space for rent online. The booking and payment processing is all handled internally by Airbnb, making it easier for everyone.

Tips for getting started:

  • Take good photos of the place you’re listing
  • Let your guests know the house rules before they book
  • Hire a housekeeping service to clean regularly
  • Have someone check on the property every day

Pros

Cons

Startup: Medium

  • On Airbnb you can list your property quickly. This doesn’t guarantee someone will book with you though.

Payment: Fast

  • You’re usually paid upfront through either cash or credit cards.
  • If your house or condo has easy access to transportation, then you can expect reservations for it almost immediately.
  • Depending on the country and season, you could earn hundreds or even thousands of dollars a month.

Tips to get started:

  • Own property
  • Check with your local laws on short-term rentals
  • Make an Airbnb hosting account
  • Set house rules
  • Provide accurate listing details

Earn Extra Cash with a Side Job

Earn Extra Money

It never hurts to get a side job, adding a buffer to your finances.

18. Review Products

Do you love talking about gadgets, makeup, or unique items? Then reviewing products is the perfect side job for you.

There are two ways you can do this:

1. Make reviews on your personal channels (Youtube, blog, etc.)

Pick any platform and start sharing your opinions about different products or services. Over time you’ll build a following, and you can use affiliate links & sponsorships to make money from your readers/viewers.

2. Sign up to product testing services and get paid to review their products

If you want to make money sooner than later, consider signing up to product testing platforms such as:

You might also be offered to take paid surveys, so keep an eye out for any email invites!

Pros

Cons

Startup: Medium

  • Setting up your website, YouTube channel, and blog can take days.

Payment: Slow

  • You make most of your money through affiliate links and sponsored content. Payment for affiliate sales can take 1-2 months.
  • Grabbing the attention of your core audience takes time. If you don’t have a plan, then you could go 3-5 months without anyone clicking on your review.
  • You usually just get to keep the product, but sometimes you’ll be offered cash.

Tips to get started:

  • Sign up to any website or company that offer product testing
  • You may also make a YouTube video or a blog review
  • Take good photos and videos of the product
  • Be professional with your review
  • Don’t be afraid to refuse sponsored content

19. Translate Documents

Earn Extra Money through Translating Documents

Companies want their brand to be known by everyone, all over the world. That’s why good translators are becoming some of the most in-demand professionals on the globe.

It can be a great side-income too!. For example, translating 5 1000-word documents can pay $100 to $400 depending on the document type, languages used, the country you live in, and more.

Sell your translation services on:

Pros

Cons

Startup: Fast

  • Start by taking one-time job requests on Fiverr, UpWork or Guru.

Payment: Fast

  • You’ll usually be paid after the translation task is finished.
  • Some expressions are difficult to translate. It could take some time to find the right phrase that matches the context.
  • The money you make depends on the language, genre of article to be translated, and your expertise. In some areas, the average translator earns up to $85,000 a year while others earn around $30,000.

Tips to get started:

  • Read more about doing translation services online
  • Have a good command of at least 2 languages
  • Understand the concept and the context of the content
  • Have some cultural awareness (some words may sound off if you’re not careful)

20. Write and Proofread Articles

Well written content is a major need for many businesses. Because of that, they’re willing to pay generous amounts for writers and proofreaders who can produce quality content for them.

If you’re good at writing, consider doing some proofreading too!

Start by listing your services on these websites:

Pros

Cons

Startup: Fast

  • You can advertise your services on several platforms. You can also get jobs through network referrals.

Payment: Fast

  • Proofreaders are usually paid after accepting the request or once they’re done proofreading a document.
  • Proofreading requires excellent grammar and strong attention to detail.
  • Experienced proofreaders can earn $35,000 – $50,000 a year. Freelance proofreaders might make more than that by accepting jobs from multiple clients.

Tips to get started:

  • Read this guide on earning money as a proofreader
  • Have a good background or experience related to proofreading
  • Prepare your portfolio
  • Look for a network for proofreading services

21. Become an Online Tutor

Earn Extra Money

If you enjoy teaching others, then why not earn from it by tutoring online! Tutoring can pay very well with just a few sessions a week, and it could open up the door to other career opportunities.

If you’re interested, get started here:

Pros

Cons

Startup: Medium

  • It can take 4-5 business days for a teaching platform to approve your application.

Payment: Fast

  • Depending on the platform, you could be paid after each session, or 1-2 times a month.
  • Teaching something can be mentally and physically exhausting, especially if you’re doing it hour after hour to make a larger income.
  • The average tutor earns between $18-24 an hour, depending on their expertise.

Tips to get started:

  • Know what you need before becoming a tutor
  • Have excellent communication skills and aptitude for teaching
  • A good webcam and a headset with a microphone
  • A stable internet connection
  • An account in an online teaching or tutoring platform

Other Ways to Make Extra Income

Perhaps consider these traditional, offline-methods too!

22. Buying and Selling Stuff

Earn Extra Money

It’s simple: buy items for a low price and sell them for a higher price!

Thanks to the internet, finding bargains is easier than ever.

Take a look at these selling platforms to get started:

Pros

Cons

Startup: Medium

  • If you’re a new seller, it usually takes 5-8 business days before the platform approves your product.

Payment: Fast

  • You get paid as soon as a sale is made.
  • Finding a good deal takes time, dedication and luck.
  • Your earnings will depend on the demand for your product and how well you market to the right audience.

Tips to get started:

23. Real Estate Investment

Earn Extra Money

Investing in real estate is one of the smartest financial decisions you can make. It’s one of the best sources of passive income, too!

You can also expect a good return on investment from buying land in popular cities or near colleges.

If you’re interested in investing in Real Estate, then follow these tips:

  • Plan your finances
  • Invest in growing communities
  • Pick your target market

Pros

Cons

Startup: Slow

  • Looking for prime real estate locations at affordable prices will take a lot of time.

Payment: Medium

  • Typical rental terms would require a deposit before moving in, and rent paid at the beginning of each month.
  • Selling a property could take years though.
  • If you’re selling a piece of property, all you have to do is wait for an interested buyer. At the same time, you can earn a passive income from renters.
  • Play the market right and you can make huge amounts of money renting and selling houses.
  • But, if you’re reselling the property without making any improvements, you could be seeing a 2-5% return on investment in a year depending on your location.

Tips to get started:

Scam Warning

There are endless money-making possibilities thanks to the internet. However, there are just as many ways where you can be taken advantage of.

Be careful of these common internet scams:

  • Email scams that ask for your private information to claim a prize
  • Online sellers offering fake items
  • Products sold online with bad return policies
  • Unlicensed brokers or service providers offering their services

Remember, you can always ask an expert for advice online if you need help.

Our Best Tip Earning Extra Money

Earn Extra Money

You might feel overwhelmed with all the different ways we’ve listed and have a hard time choosing the best one for you. Our best advice for you is to find between 2-5 different income methods and try them out yourself. This way, you’ll be able to find out which method suits you the best.

If you’d rather know right now, you can also take our short MoolahNinjas quiz.

You might also find while you’re trying to earn extra money that something works better than everything else, or you enjoy it far more. If that’s the case, you might want to consider going “all-in” on it, and putting all of your attention there. The more you can focus on a method, the better the chance you have of making it a HUGE success…and making lots of money while you’re at it.

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