1. Try out index funds.

Ways to generate additional income, 12 passive income ideas to help you make money in 2021

Chances are, your current savings account interest rate sucks the national average is currently a terrible 0.

Move your savings over to a bank account that actually pays you a decent interest rate on your savings. Take 10 minutes out of your day and do this.

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Over time, the residual income really does make a difference. Take paid surveys Paid surveys are one of the easiest ways to increase your income from home each month.

Ways to Make Money on the Side

Long story short, companies want to know what consumers think, so they pay survey sites to collect the data for them. Survey sites then pass on a portion of their compensation from companies to you. Best websites for paid online surveys: 1.

How I Built 7 Multiple Streams of Income [That Make Me Money EVERY Single Month]

Survey Junkie — Our favorite in terms of survey diversity. List an extra room in your house on Airbnb This is something that not nearly enough people are taking advantage of!

Get Started at Survey Club for Free 2. Let Trim Negotiate Your Bills Rather than combing through your bills for ways to save a couple of dollars here and there, let Trim do it for you. Trim connects to your account using bank-level security, analyzes your spending and subscriptions, and finds ways you could be saving money. It can even negotiate your bills and find you a better rate on things like car insurance. Any time you go to check out on a website, Wikibuy will send you a friendly pop-up to notify you of coupons and discounts available on the items in your cart.

If you own a home, consider putting a room or the whole place on Airbnb if and when you leave town. Your listing helps guests get a sense of what your place is like. Next, you set the availability, and house rules, for your listing.

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Once your listing is live guests can book their stay at your home, and you start earning money. After a visit, everyone gets the chance to write a review.

Reviews keep guests accountable for treating hosts and their homes with respect and help ensure hosts make their space as welcoming as possible. Learn more about how you can make money as an Airbnb host. Wikibuy is a browser extension that notifies you of discounts on the items in your choice bitcoin wallet. The app also offers deals when you shop online or in store with partner retailers.

You can also add items to your Wikibuy Watchlist. When the price drops, Wikibuy will send you an alert on the deal.

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This is a good strategy to use when shopping for birthday or Christmas gifts. You can find gifts ahead of time and buy them throughout the year at the lowest price.

Monetize a website and make money blogging Okay, so this one is not exactly simple. But starting a blog is something that has forever changed my life, which is why I wanted to include it on my list. If you are looking for true freedom in your life, I highly encourage you to look into this opportunity. Hit your weight loss goal Say what? Yes, you can actually make money and boost your income by losing weight.

Come on guys, 20 lbs in 6 months…a lot of you can do this! In fact, one of my favorite ways of making money with Swagbucks is by watching videos on your phone.

Making some extra side hustle cash doesn't actually have to be that complicated. However, there are several clear paths forward. At the end of the day, it all boils down to what your goals are and just how much you're looking to automate your income. How would that change your life?

There is no reason not to join and at least try it out! Let BookScouter compare book prices across 44 vendors and then choose the one that offers you the best price much like Expedia does for flights and hotels.

With no listing fees, free shipping, and the best price for your book, there is no reason to sell anywhere else.

How to Make Extra Money Online or From Home

Be smart and get the most back out of your education investment. Generate passive income through investing I run a personal finance blog, so of course, I have to advocate for this source of extra income. You should only invest if you are okay with not touching the money for years. Essentially, you act as the bank, which is pretty neat. One of the best money-saving apps out there, especially for high-volume grocery shoppers, users can earn rebates on virtually any brand of item you buy.

Your earnings potential is unlimited. Design and sell t-shirts And not just for your flag football team! One of the more interesting sources of extra income on this list, Teespring.

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You basically create a mini-store of sorts and each time you reach your campaign goal of selling a few t-shirts then Teespring will batch ship your order to all of your buyers. Even if you only have time to do it a few hours each week, ways to generate additional income can really make several hundred dollars a month from this most legitimate of side income ideas. In fact, people make a living from it. Fortunately, even the flea market novice can quickly spot items that are massively undervalued and sell them at a profit.

Share your life story on Instagram Have you heard of influencer marketing? If you have a particular interest or hobby like fitness, cooking, travel, etc.

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Emma started her Instagram account to document her traveling adventures, and before not too long, she was getting sponsorship deals from ways to generate additional income sorts of brands wanting exposure on her account.

And guess what?

28 Passive Income Ideas To Build Real Wealth

Pretty neat! Increase your monthly income by writing for this site Do you have a knack for writing, and want to reach tens of thousands of people each month? Do you know a thing or two about personal finance, entrepreneurship, or blogging?

Ben and I are always looking for great writers to submit content to our websites. Get paid to tweet This is similar to getting paid from your Instagram account. Keep the big picture in mind.

Do the little stuff surveys, using money-making apps, etc.