17 Ways to Boost Your Income Without More Work

The cost of living crisis has stretched us all a little bit, but you can make your money go further with these 17 easy ways to boost your income without putting in more hours of work. Using assets you already have, you can create passive earnings that will help pay for all of those added costs.

Rent Out Unused Space

Photo Credit: Mila Supinskaya Glashchenko/Shutterstock.

Renting out a spare room, garage, or driveway can help generate extra income, especially in urban or high-demand areas. According to Ideal Home, “More people are considering taking in a lodger to help with rising costs, with 91% of homeowners who’d previously had a lodger saying they’d consider finding one again.”

Dividend Stocks

couple happy
Photo Credit: Jacob Lund/Shutterstock.

It can be tricky to know where to store your savings, but if you have money on top of your emergency fund, it’s a good idea to invest it. Dividend-paying stocks can provide a regular passive income stream from your cash, as long as you choose companies known for their financial stability and consistent dividend payouts.

Create an Online Course

Photo Credit: SFIO CRACHO/Shutterstock.

Whether you have a niche skill or know a lot about a certain topic, you can use this to create an online course for others to learn from. There are a number of online platforms that offer tools and support to help you create, host, and sell the course.

Write an eBook

Happy woman writing journal
Photo Credit: Shutterstock.

If you’re knowledgeable about a specific topic, writing an ebook can attract readers and generate sales. The Verge says, “It’s important for your books to make a good impression. In other words, don’t assume you can just go and throw your novel onto the market without some serious preparation.”

License Your Photographs

Photo Credit: Shutterstock.

Licensing your photography work to stock photo agencies and websites can provide you with a passive income for high-quality images. Online platforms such as Shutterstock and Adobe Stock allow you to upload images for free; just make sure you do your research on how to tag and describe the photos for optimal sales.

Peer-to-Peer Lending

Photo Credit: Sergey Mironov/Shutterstock.

Peer-to-peer lending platforms allow you to lend money directly to individuals or small businesses online, earning interest as they repay the loan. It’s important to use platforms such as LendingClub or Prosper in order to protect the loan and manage proper lending.

Automate Investments

Photo Credit: Ground Picture/Shutterstock.

Robo-advisors like Betterment and Wealthfront automate the investment process using algorithms. Forbes says, “Robo-advisors are a halfway house option between personalized wealth management and DIY investing. They offer tailored portfolios while keeping the costs to a minimum through the use of technology where possible.”

Advertise on Your Vehicle

Photo Credit: Jane Rix/Shutterstock.

Companies will pay you to place advertisements on your car, especially if you drive a lot or in high-traffic areas. There are a number of online platforms, such as Wrapify and Carvertise, that will connect drivers with businesses that are looking for advertisement opportunities.

Cash-Back Rewards

Photo Credit: Shift Drive/Shutterstock.

Some credit card deals will offer you cash-back rewards on your spending, and as long as you pay off the balance each month, this can be a good way to reduce your regular costs. Make sure you do your research on each of the cards to ensure it suits your spending patterns and needs.

Develop Mobile Apps

Photo Credit: Konstantin Savusia/Shutterstock.

Creating a mobile app can generate passive income through sales, in-app purchases, or advertisements. You’ll need to upload it to app stores such as Google Play or the Apple App Store and advertise its features using social media. It’s important to make sure the app is user-friendly and has a unique purpose.

Create YouTube Videos

Photo Credit: Shutterstock.

Producing engaging video content can attract viewers and generate income through ad revenue, sponsorships, and merchandise sales. You’ll need to consider your niche and create high-quality, consistent content in order to build and maintain an audience for your channel.

Sell Digital Products

Photo Credit: Jelena Zelen/Shutterstock.

Templates, printables, or tools can all be created as digital products to be sold on marketplace platforms such as Etsy or Gumroad. Once created, these products supply you with passive income as they can be repeatedly sold without the need to restock inventory, as long as you effectively market your shop.

Affiliate Marketing

Photo Credit: Shutterstock.

Affiliate marketing allows you to earn commissions by promoting other companies’ products. Before starting, Investopedia suggests you “research affiliate programs and choose one or more based on your needs, whether it be earning high commissions or generating more traffic.”

Purchase a Vending Machine

Photo Credit: Bayhu19/Shutterstock.

Although you’ll need to put in some work to restock and maintain the machine, vending machines can provide an almost passive income through the sale of snacks, drinks, and other products. You’ll need to ensure the machine is located in a high-traffic area in order to see regular sales.

Rent Out Your Car

Photo Credit: Alfa Photostudio/Shutterstock.

Peer-to-peer car rental services allow you to rent out your vehicle when it’s not in use. Platforms such as Turo or Getaround usually handle the insurance and terms of the rental, meaning you feel secure in the knowledge your car is in good hands.

Invest in Real Estate Crowdfunding

Photo Credit: Jack Frog/Shutterstock.

According to U.S. News, “Real estate crowdfunding has become an increasingly popular solution to those problems for investors looking for an easy way to diversify into real estate.” These investments can yield returns through rental income and property value appreciation without the need to manage the property or the purchasing process.

Sell Crafts Online

Photo Credit: Dragon Images/Shutterstock.

If you enjoy crafting items such as jewelry, art, or home décor in your spare time, you can turn your hobby into some extra cash by selling them online for a profit. Platforms such as eBay and Etsy are popular as they have large audiences and user-friendly interfaces.

Read More: 18 American Phrases That Non-Americans Struggle to Understand

Photo Credit: michaeljung/Shutterstock.

American expressions are a vital part of its culture, reflecting the nation’s history and values. However, these sayings can sometimes puzzle people from other countries because they often carry context, colloquialisms, and historical references that can lose their intended meaning when crossing borders. Let’s look at 18 of such American sayings.

18 American Phrases That Non-Americans Struggle to Understand

18 Reasons Why No One Is Interested in Working Anymore

Photo Credit: PeopleImages.com – Yuri A/Shutterstock.

The concept of traditional employment has taken a back seat in recent times with changes in economic and social factors, as well as individual preferences. Traditional jobs have also evolved, and many people don’t feel the need to take this route anymore. These are 18 reasons why no one is interested in working anymore.

18 Reasons Why No One Is Interested in Working Anymore

17 States Americans No Longer Want to Live In

Photo Credit: Sean Pavone/Shutterstock.

America is constantly changing, and within it, so are its states. Some have new laws that residents don’t agree with, while others have increasing rates of unemployment or areas of extreme poverty. These aspects make it difficult for a person to stay in their home state. Here are 17 states that Americans are deciding to reconsider.

17 States Americans No Longer Want to Live In

17 Things That Are Sadly Disappearing From Everyday Life

Photo Credit: Creative House/Shutterstock.

Life in modern times seems to evolve at an unprecedented pace. Certain things we couldn’t live without a few years ago are rapidly becoming redundant. Let’s take a peek at 17 such victims of modernization and why they’re slowly but surely disappearing.

17 Things That Are Sadly Disappearing From Everyday Life

15 Ways To Tell If Someone Is Not a Good Person

Photo Credit: Pheelings media/Shutterstock.

While it’s important to avoid quick judgments, certain behaviors can be strong indicators of a person’s character. Here are 15 ways to discern if someone might be a bad influence or possess harmful traits.

15 Ways To Tell If Someone Is Not a Good Person