How To Make Extra Money On The Side: Our Top 5 Picks

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This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

Article Approved By Banking Expert

This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

Looking to learn how to make extra money on the side? Congratulations.

how to make extra money on the sideBecause you just stumbled upon the pot of gold at the end of the rainbow.

The internet is packed end-to-end with information on this subject. It seems like everybody has an idea on how to make extra money on the side. Problem is, 99% of those ideas are untested, untrue (or both).

But you came to the right place, because we’re going to give you an insider’s look at some ways that work. So, if you’re serious about making extra money on the side, read on for the fastest, easiest and most lucrative ways.

From investing like a pro to online survey sites, cash back apps and other side hustles: they all work, and they’re all legit.

Sell Your Phone For Extra Money On The Side

Sell my phone! I could never!” I know, it’s blasphemy to suggest this nowadays. But you asked how to make extra money on the side, so I’m going to give it to you straight: selling your phone is one of the quickest and easiest ways to get cash, fast.

Visit Gazelle to get the best price for your device.

Why? Because with Gazelle, shipping is free, they pay top dollar for all types of devices–so you could even sell your old phone or sell your broken phone, as examples–and it takes just 1 minute to get a quote.

how to make extra money on the side

Here’s another cool perk about selling your phone with Gazelle. When you send it in, if it happens to be in better condition than you described, Gazelle will even increase your offer! How cool is that? Rather not wait? Need the cash now?

Visit EcoATM to get instant cash for your phone. 

These cash dispensing ATMs are scattered all throughout the U.S. in convenient locations like shopping malls and grocery stores. Just visit one, follow the easy on-screen prompts, let them scan your phone, and that’s it!

If you choose to sell it, they’ll dispense the cash for you instantly in exchange. It’s fast, easy and pays great. So go give it a try.

Make Extra Money On The Side Investing

The word “investing” can be intimidating to the unfamiliar, but trust me when I say, anybody can do it and make money using this next app: Acorns. This app is 100% the easiest option on the planet for someone looking to make extra money on the side. Here’s how it works.

how to make extra money on the sideAcorns rounds up to the nearest dollar and invests the difference.

It’s a great way to sack aside your spare change. But it gets better. It’s not like a savings account where it just sits there and collects dust (because most savings accounts pay little to no interest rates).

make extra money on the side

Acorns costs just $1, $2 or $3 bucks a month. That’s all!

Acorns then has their team of world-class investors put your spare change to work, building you out a diversified portfolio of stocks and other investments–entirely on auto-pilot. And if you’re looking to take things a step further in your quest to maximize the cash you make on the side, upgrade to a robo-advisor:

Make Extra Money On Side With A Robo-Advisor

What’s a a robo-advisor?

It’s portfolio management software that invests on your behalf. 

How does it work? Based on a multitude of factors, ranging from personal preferences and the level of risk you’re comfortable with, to some algorithmic and mathematical magic.

And, if you’re a new investor (or just too busy to manage), Wealthfront is a great place to start.

Wealthfront manages over $10 billion in assets.

Another way they can help you make extra money on the side is through there tax-loss harvesting. As per their website:

By selling investments that have declined below purchase price, a tax loss is generated – which can be used offset other taxable items, lowering investor’s taxes.

how to make extra money on the side

There’s no closing, trading or commission fees and their management fee is just 0.25% of your total portfolio, which is one of the lowest rates in the industry. Plus, they have 9 different account types and an account minimum of only $500.

Wealthfront‘s FDIC insured cash accounts pay 2.24% with only a $1 minimum.

So, long story short: it’s a great way to ensure you make extra money on the side… over your lifetime.

Make Extra Money On Side With Apps

If you’re looking to see how to make extra money on the side without any work involved, cashback apps are the way to go.

You can make money on the side, right back from what you buy.

How do cashback apps work? Simple!

Cashback app companies work out deals with retailers and online stores where, for referring you, they get paid. In exchange for referring you, those stores pay the cashback app companies.

In exchange for using their app, those cashback app companies pay you a percentage of the commission. And the best part is, it’s often a sizable chunk of money on your purchases you’ll be getting back!

Dosh dishes out as much as 20% back on purchases.

Think about that for a second. All you have to do is shop like you normally do, and just for having their app installed, you’ll get as much as 20% of your money back.

passive income ideas

Dosh is our absolute favorite cashback app and if you sign up for them today you’ll…

inboxdollars reviewGet $5 for every card you link + $5 for every friend you refer with Dosh.

They have a $25 payout threshold, but you can reach by just adding some cards and referring a friend.

So it’s essentially free money!

Dosh has cashback arrangements with companies like Pizza Hut, Forever 21, Sephora and Dunkin Donuts. So you’re almost guaranteed to get cash back. If you really want to clean house and see how to make extra money on the side big time, read our list of the best cash back apps.

Make Extra Money On Side Doing Surveys

Online surveys are always the first recommendation we give to people looking to learn how to make extra money on the side. They require virtually no effort, are fast and easy to complete, and free to sign up for.

Related: 2+ million people use this app to invest. Listen to our Stash review.

And InboxDollars is one of our favorites for that. Because with InboxDollars, you aren’t limited to just surveys for money. You can even watch videos or play games and make money on the side, which is a big plus.

You can make anywhere from $0.50 to over $50 or more for every online survey you do.

InboxDollars was started back in 2000 and since that time they’ve paid out over $50 million dollars to survey takers looking to make money on the side. With an A+ rating from the Better Business Bureau and several million active users, it’s a fast, easy and 100% legit way to make money fast online. So give it a go.

Sign up for InboxDollars today and they’ll give you $5 bucks free.

Want to learn more? Read our InboxDollars review.

Make Extra Money On The Side Freelancing

You can make extra money on the side offline, but there’s just something magical about doing it from home. Convenience aside, working from home or making money online has a lot of other advantages, too.

Studies show people are more productive working from home.

It’s a beautiful dynamic and you don’t need to be a rocket scientist to get in on the action. And Upwork is the world’s largest site for freelance work and work-for-hire jobs.

If you have a heartbeat, you have a skill or talent. And Upwork is a great option for someone looking to make extra money on the side freelancing. Depending upon your skills, you can make $100 to $250 per hour or more.

Plus, getting started is fast, easy, and you can start applying for jobs today!

RELATED: Check out our list of the best work from home jobs.

Brian Roberts

Brian Roberts

Editor at CarefulCents
Featured in The Washington Post and published in Entrepreneur, Forbes, Business Insider, Time, Inc., CNBC and others.

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