Yesterday we discussed using a side gig to dig yourself out of a rut and build financial security.
These days, folks talk about “side gigs” and “side hustles” like they’re some magic new way to make money.
But a side gig is nothing more than earning some extra dough in your free time.
I remember my grandfather used to spend his weekends running around town digging driveways and fixing roof shingles for “friends of friends.”
Sure, he never made a ton of money this way. (Back in those days, it was common to trade a dozen eggs or a freshly killed bird for a couple hours of work.)
But he made enough to give his family some financial security and put a roast bird on the table every Sunday.
So side gigs are nothing new.
But these days, it’s much easier to find a side gig that pays well, where you can set your own hours — and you don’t need any special talents or experience.
This is thanks in large part to the rise of the internet. For the first time, there’s now a dedicated infrastructure to support the side-gig economy.
No longer do you have to “know a guy who knows a guy” to find a gig. You simply go online or use one of many side-gig apps to find a job.
Below are the best-paying, easiest-to-pick-up side gigs in 2018.
Uber (and a Better Alternative)
Uber is the side-gig app that everyone knows. With Uber, you can turn your car into an unofficial taxi and make money in your spare time.
You set your own hours and availability. And you’ll earn up to $19 an hour (or more in some states), plus tips.
To qualify, you must pass a background check and have a clean driving record. Click here to find out more.
But before you start signing up, know that there may be a better alternative.
Lyft is similar to Uber. But according to a recent survey, Lyft drivers make more money and are 25% happier than Uber drivers. Click here to find out more.
Airbnb: Let the Side Gig Come to You
If you have a spare room or a vacation home, renting it out on Airbnb is by far one of the best strategies for making extra money.
Airbnb’s website connects you with folks all over the world looking to rent out rooms short term.
Once you’re up and running, it’s mostly a passive income — meaning the actual work on your part is minimized. And it can be rather lucrative.
My mother is retired and on a fixed income. But she’s able to make more than $700 a month renting out my old room on Airbnb.
(Sometimes that means my wife and I have to sleep on the couch when we pay her a visit. But it’s worth it for the financial security it’s given her.)
Sign up for Airbnb here and turn that spare room into some spare cash.
Amazon Flex: Stand on the Shoulders of a Giant
Amazon is a titan of e-commerce and logistics. But it’s growing so fast that it can’t keep up with all the deliveries (608 million a day). Which is why the company started Amazon Flex.
Amazon Flex enrolls the help of regular folks like you and me to deliver their extra packages. Depending on the state, this side gig pays $18–25 an hour.
You set your own schedule but you must have your own vehicle and pass a background check. You can get started right here.
Taking on any of these side gigs would be a great way to earn some extra cash and fortify your finances.
But if you don’t have the free time to pick up a side gig, then you should check out James Altucher’s strategy for pulling $3,000 out of the stock market every month.
Making money on the stock market is a little outside my wheelhouse. But even I was able to understand his simple strategy when he explained it to me.
All the best,
Editor, Money & Crisis