Budgeting

8 Ways to Make Some Serious Money on the Side

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Technology has fundamentally changed the way we work and the opportunities for us to earn money.

Technology has opened up a entire sharing economy, as well as opening opportunities to sell our time and skills as freelancers.

Here are 8 of the best ways to make some extra money on the side.

1. Rent out Your Spare Storage Space

Have you got some spare space in your garage? Why not try renting it out on spacer.com.au:

Spacer Logo

Earnings potential $500 / month for prime locations.

2.  Be a Delivery Driver

Have you got some spare time, and a car, scooter or push bike? Why not try delivering meals using deliveroo, foodora, or ubereats, or be a courier on sherpa?

DeliverooFoodoraUber eats

sherpa

Earnings potential $20+ / hour during peak times.

3. Sell Your Unwanted Stuff

Have you got some items of value that you no longer want or need? Why not try selling them on gumtree or ebay?

gumtreeebay

Earnings potential $1,000+ depending on how much stuff you have

4. Sell Your Arts & Crafts

Can produce a unique product that people would buy? Why not try selling some of your wares on etsy.com

etsy

Earnings potential $1,000+ / month depending on what you are selling.

5. Sell Your Skills Online

Have you got a skillset that you could sell online as a freelancer? Why not try selling your services on fiver.com, freelancer or upwork?

Fiver

 

freelnacer

upwork

Earnings potential $20+ / hour depending on your skillset

6. Sell Your Skills in Real Life

Have you got some spare time and some useful skills? Why not try selling your time on airtasker.com.au

Airtasker

Earnings potential $20+ / hour depending on the service provided.

7. Rent Your Spare Room

Have you got a spare room in your house? Why not try renting it out on airbnb.com.au:

Airbnb

Earnings potential $1,000+ / month for prime locations.

8. Rent Your Idle Car

Is your car sitting idle for most of the week? Why not try renting it out on carnextdoor.com.au?

car next door

Earnings potential $2,000+ / year for prime locations.

Summary:

  • There are so many new ways to make some extra money on the side
  • If you are lucky your job on the side could turn into a full time career
This blog provides links to third party sites, aimed at helping you gather the information required to make an informed decision – we may receive payment of a commission or other fee for these referrals.

The Wealth Guy Signature

Joshua Stega

The Wealth Guy

Joshua Stega is an expert financial adviser and founder of JAS Wealth in Sydney. He specialises in the habits and behaviours of wealth. Joshua has a Masters in Taxation and Financial Planning and is regularly featured in the media

M.TaxFP, LLB(Hons), B.Bus(Acc), FTI, Adv.DipFP, Dip.FP, SMSF Specialist
The information on this blog and website is of a general nature only. It does not take into account your individual financial situation, objectives or needs. You should consider your own financial position and requirements before making a decision. We recommend you consult a licensed financial adviser in order to assist you. This blog provides links to third party sites, aimed at helping you gather the information required to make an informed decision – we may receive payment of a commission or other fee for these referrals.
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