We’re diving into a topic that resonates with everyone looking to build wealth and financial stability – ’15 Small Investments that Make Money.’ Now, when we talk about investments, it’s not just about pouring dollars into stocks or real estate; it’s also about investing a precious resource that often gets overlooked – time.
In this video, we’ll explore a diverse range of small investments that not only require a modest financial commitment but also an investment of your time and effort. After all, time is an invaluable asset on our journey towards financial success. Whether you’re a seasoned investor or just starting to dip your toes into the world of finance, these strategies cater to both your wallet and your schedule.
So, buckle up as we unveil the secrets of making money through smart, small investments that go beyond the traditional notions of financial ventures. Now, let’s jump into ’15 Small Investments that Make Money.’
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Number 1 Offer Assistance with Everyday Tasks:
Leverage your skills by offering services to individuals in need of household tasks. Whether relying on word of mouth or utilizing platforms like TaskRabbit, where Taskers connect with customers for various tasks such as assembling Ikea furniture, mounting TVs, and cleaning, you have the flexibility to set your rates and keep 100% of your earnings. Most individuals are approved to start within four business days.
Number 2 Open a High-Yield Savings Account:
Amplify the returns on your funds by embracing the simplicity and effectiveness of high-yield savings accounts. Often facilitated through online banking, these accounts outshine typical checking accounts by offering higher interest rates. Despite the enhanced returns, customers still enjoy regular access to their funds, making it an ideal haven for savings earmarked for upcoming purchases or held in reserve for unforeseen emergencies.
Number 3 Certificates of Deposit (CDs):
Earn interest with Certificates of Deposit (CDs). While CDs commit your funds for a more extended period compared to high-yield savings accounts, the trade-off lies in higher interest rates. CD options range from six months to five years, but accessing funds before the CD matures typically incurs penalties.
Regarded for their utmost safety, CDs purchased through federally insured banks offer an added layer of security, ensuring coverage of up to $250,000 per depositor, per ownership category. This makes CDs a prudent choice for those seeking a secure yet lucrative investment.
Number 4 Embark on a Journey as a Rideshare Driver:
If you possess a car that meets the necessary criteria, consider joining the ranks of rideshare drivers to earn money by providing customers with convenient rides around town. The approval process usually takes just a few days, and both Uber and Lyft offer weekly payouts, with the option to expedite payments for a small fee.
Your potential earnings depend on factors such as location, trip fares, ongoing promotions, and customer tips. On average, Uber drivers typically earn between $15 to $20 per hour.
Number 5 Making deliveries:
If driving appeals to you but engaging in car conversations doesn’t, opt for making deliveries. Platforms like DoorDash, UberEats, Grubhub, and Instacart facilitate the delivery of fast food, groceries, and various items. The sign-up and payment processes mirror those of ridesharing.
Shipt, another option, pays you for shopping or delivering packages to customers’ homes. With an average hourly wage ranging from $25 to $35, you are guaranteed at least $16 per hour. Payments can be received on a weekly or daily basis.
Number 6 Pet Sitting for Quick Income:
House and pet sitting can be a lucrative venture, especially if you adore spending time with animals and have a flexible schedule. Utilize referrals and word of mouth or expedite the process by signing up on apps like Rover. This platform allows you to set your rates, choose the type of pet care services you provide, and connect with customers who pay you through the platform. Payments are deposited into your account just two days after completing a service, with additional tips available after 24 hours.
Number 7 Sell Your Clothes Online:
Turn a quick profit and declutter your closet by selling clothes, shoes, and accessories online. Platforms like Poshmark enable you to create an online closet showcasing items for sale. To enhance sales, focus on brand names, create well-designed posts with high-quality images, detailed descriptions, and competitive prices. Once an item reaches its destination, funds are released to your account within three days.
Explore alternatives such as Mercari, ThredUp, Depop, and The RealReal. Beyond consignment stores, platforms like Facebook Marketplace and Craigslist allow you to sell items directly, although this may involve more buyer vetting and potentially more negotiation time.
Number 8 Bank Bonuses:
For a quick injection of extra funds, explore the option of earning a bank bonus by opening a new checking or savings account. This straightforward opportunity demands minimal effort and can result in an additional $200 to $300 in your bank account. Be mindful of potential requirements such as a minimum initial deposit or keeping the account open for a specified period to qualify for the bonus.
Number 9 Take online surveys:
Maximize your spare time by earning a few dollars per hour through activities like filling out surveys, quizzes, and watching videos on platforms like Survey Junkie, Swagbucks, Inbox Dollars, and Google Opinion Rewards. Survey Junkie, for example, allows you to accumulate virtual points by sharing your opinions on products or participating in focus groups, which can then be redeemed for cash. While not a full-time job replacement, it’s an opportunity to voice your opinions and earn up to $40 per month by completing three daily surveys.
Number 10 Host an Efficient Yard Sale:
Streamline the process of decluttering your home and earning same-day cash by organizing a well-planned yard sale. Platforms such as YardSaleSearch.com, GarageSaleFinder.com, and eBay Classifieds can help you reach potential buyers. Ensure success by presenting items in an organized manner, starting early to catch morning traffic, and adopting a flexible pricing approach by letting customers make offers.
Number 11 Rent Out Your Vehicle:
If you’re comfortable with others driving your car, consider renting it out during idle times. Platforms like Turo provide a calculator to estimate potential earnings based on your vehicle. After completing the first trip, payment is processed within three business days, while subsequent trips pay out three hours after concluding.
For RV owners, services like Outdoorsy enable you to rent your RV to travelers, with payments automatically deposited into your bank account 48 hours after the guest begins their trip. However, banks may take an additional three to five days to process the payment.
Number 12 Check for Unclaimed Property:
Unearth potential funds by checking if you have any unclaimed property held by the government, such as an old bank account or insurance policy. Each state maintains a database of unclaimed property, and the National Association of Unclaimed Property Administrators’ directory is a valuable resource to uncover any money waiting to be claimed.
Number 13 Test Websites and Apps:
Transform your user experience into a source of income by participating in paid user testing on platforms like Usertesting.com. After a brief practice test, acceptance is confirmed within a few days. Payments, ranging depending on the test type, are sent to your PayPal account after seven days, with potential bonuses for completing longer or more complex projects.
Number 14 Offer Laundry Services:
Monetize your laundry skills through app-based wash-and-fold services like Laundry Care. This platform allows you to pick up and drop off laundry orders for customers, with payments of $20 per bag plus a service fee of $3. Additional services like ironing attract extra per-item payments, and tips from customers are entirely yours. Payments can be cashed out at any time and deposited into your bank account within one to three business days.
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Number 15 Advertise on Your Car:
Turn your vehicle into a mobile billboard by partnering with companies like Wrapify, Carvertise, or Nickelytics to display ads. These services pay you monthly during a campaign for adding decals, stickers, or wraps promoting products or services. Monthly payouts range from $175 to $452 for Wrapify, $450 to $1,500 for Carvertise, and up to $500 for Nickelytics, with payments processed at the end of each month.
So, there you have it ‘15 Small Investments that Make Money.’ If you found this to be helpful, don’t forget to like and share it with your friends. And as always, thanks for reading.