Making money while you sleep is not a fantasy. It’s real, and it can be done if you follow the right steps. Whether you already have a day job or simply want to make some extra cash in the background of daily life, here are ten ways to make more money without working.
The stock market
While this method requires some money to make money, this is one of the easiest ways to make extra cash. You’ll need some keen advice before buying stocks that you know nothing about, but if you like to take a calculated risk and make money without lifting a finger, the stock market is it. Try it with a small amount at first to get an understanding of how investing works, and don’t count on getting rich quick. But, slow and methodical investing over time can be a great way to earn cash without working. Let your money make money for you.
Sell things online
This can be fun. You can clean up the clutter around your house while turning unwanted things into wanted cash. If you don’t want to do the hard work of photographing and listing things on websites like eBay or Etsy, there are businesses that can come to your home and do it for you. You can sell everything from clothes to unopened bottles of vitamins that you never used. When you learn to see things around your home or office with dollar signs attached, you will become more careful of what you keep lying around. This is the quintessential way to make money while you sleep.
The ability to create your own schedule is paramount for many people, and working as a rideshare driver for companies like Uber or Lyft can be an easy way to earn extra cash. It requires little skill other than driving a car, and it can be a fun way to have conversation with people and learn more about the area where you live.
Rent things from your home
If you have things like a lawn mower, fancy vacuum cleaner, barbecue grills or snazzy electronics, consider renting them to others for cash. You can list your items for rent online or via physical bulletin boards in public places. Many people may have a need for these items once or twice, and they prefer to rent them rather than buy them outright. The same idea works for clothes if you find someone that fits your size. If you have a tuxedo, ball gown or a designer purse or handbag, chances are someone will pay you cash to use it once or twice. This can be a great side gig for earning money without doing anything other than opening your closet.
Airbnb your home
If you’re headed somewhere for the holidays or taking a vacation of your own, you can list your house on Airbnb or a similar home sharing platform. If you have a second home, this can be even more lucrative because you can earn cash on property that is otherwise sitting empty. Sure, you will have to secure valuable items and hire someone to clean afterward, but at the right price point, this can be a smart way to make money.
Rent a parking spot
If you live in a big city or near a popular location, you can rent your parking spot or driveway to someone. For example, if you live near a large airport, rent a spot in your driveway for less than one the parking lots are charging. The traveler can take an Uber to your house (or you can even drive them), and they can get a discount on pricing. In the process, you earn free money. The same idea works if you live near a stadium when a big game or concert is taking place, rent your driveway or parking spot for less than what others are charging, and you can earn money on a regular basis.
Scan your receipts with Fetch
We all shop for things we need and want, from groceries to holiday presents. Fetch is a tool that allows you to scan receipts from your shopping purchases and earn points for rewards, which you can redeem for free gift cards. You’re literally making money for doing nothing other than scanning a piece of paper you might have thrown away. Don’t forget about ereceipts from online purchases with retailers like Amazon, Best Buy and Walmart, which you can convert to free cash in your pocket.
Earn cash back via shopping portals
Speaking of shopping, make sure all of your online purchases start at a shopping portal. There are quite a few of these available online, and they award you a percentage back in cash on what you spend. For the purchases you are already making, this is a great way to earn money without doing more than you would already do. Each quarter of the year, sit back and watch the mail. There will be a check in there with some extra spending money if you start your online shopping via a shopping portal.
When people travel, they may want the added security of knowing someone is taking care of their home. This requires minimal effort on your part, but can lead to some extra cash in the process. By offering someone to help bring in the mail, packages, the newspaper or even water their plants, house sitting is an ideal way to earn money by doing very little.
Get a cash-back credit card
Instead of awarding loyalty points, some credit cards give you a percentage of what you spend back as cash. This can be an easy way to put some of the money you normally spend back in your pocket without doing anything else.