What can I do with extra money in 2022?

Asked by: Saige Boyer DVM  |  Last update: July 29, 2022
Score: 4.4/5 (36 votes)

50+ Best Side Hustle Ideas For 2022: Legit Ways To Earn Extra Money
  1. Start a blog.
  2. List your unused space online.
  3. Offer social media management services.
  4. Start an ecommerce store.
  5. Become a proofreader.
  6. Sell a digital product.
  7. Start a YouTube channel.
  8. Become a transcriptionist.

How can I make extra money on the side of 2022?

Top 12 Side Hustles to Consider
  1. Rent out your car.
  2. Become an online coach.
  3. Build passive income with real estate.
  4. Offer in-person services.
  5. Start a YouTube channel.
  6. Monetize your property on Airbnb.
  7. Sell a product online.
  8. Do freelance work.

What can I do with a lot of extra money?

What to Do With Extra Money
  1. Create or build up an emergency fund.
  2. Get your 401(k) match.
  3. Pay down high-interest debt.
  4. Start funding an IRA.
  5. Save for your other money goals.
  6. Explore additional investment options.

What can I do with extra money 2021?

114 Best Side Hustle Ideas to Make Extra Money in 2022 ($1,000 a month)
  1. Become an Entrepreneur with Amazon FBA.
  2. Real Estate Crowdfunding.
  3. Complete Surveys Online.
  4. Provide food and groceries to people in need.
  5. Use Apps for Free Money.
  6. Start a YouTube Channel.
  7. Start a Blog as a Side Hustle.
  8. Affiliate Marketing.

What can I do with extra money at the end of the year?

The 8 smartest things to do with your end-of-year bonus
  1. Beef up your 401(k) ...
  2. Invest in another retirement savings account. ...
  3. Pay off any lingering debt. ...
  4. Build an emergency fund. ...
  5. Open a 529 savings plan. ...
  6. Chip away at larger savings goals. ...
  7. Consider other investment vehicles. ...
  8. Invest in yourself.

Top 10 Side Hustles to Make Money in 2022

29 related questions found

What is the smartest thing to do with extra money?

Go ahead and treat yourself

A good strategy is to put the money into a savings account and take some time to consider how you want to spend it. You may decide to treat yourself with a small part of it, but use the rest to pay down debt, invest or simply keep saving.

Where should I put my extra money?

Keep reading to learn more about each type of savings tool and whether it's a good fit for you.
  1. Checking account. ...
  2. High-yield savings account. ...
  3. Money market account. ...
  4. Certificate of deposit (CD) ...
  5. Individual retirement account. ...
  6. Employer-sponsored retirement account. ...
  7. Other investments.

What side hustles pay the most?

Here is a list of 17 top-paying side hustle ideas that are categorized based on their hourly wage and earning potential:
  1. Online Tutoring. ...
  2. Personal Training. ...
  3. Managing Social Media and Digital Operations for SMEs. ...
  4. Freelance Graphic Designing. ...
  5. Party Planning. ...
  6. Driving for Uber. ...
  7. Freelancing on Upwork. ...
  8. Photography.

What should I do with 10K?

How to invest $10K: 9 smart ways to use your money
  • Put money in a high-yield savings account. ...
  • Pay off high-interest debt. ...
  • Max out your individual retirement account (IRA) ...
  • Fund a Health Savings Account (HSA) ...
  • Save for education costs with a 529 account. ...
  • Open a taxable investment account. ...
  • Build a CD ladder.

What is a good side hustle?

List of 24 top side hustle ideas
  • Create and sell your own handmade goods.
  • Create your own designs for a print-on-demand business.
  • Start a dropshipping business.
  • Start a zine and sell digital subscriptions.
  • Join the gig economy.
  • Teach an online course.
  • Start a blog.
  • Start a YouTube channel.

Where do millionaires keep their money?

For more than 200 years, investing in real estate has been the most popular investment for millionaires to keep their money. During all these years, real estate investments have been the primary way millionaires have had of making and keeping their wealth.

How do you hustle in 2022?

50+ Best Side Hustle Ideas For 2022: Legit Ways To Earn Extra...
  1. Start a blog.
  2. List your unused space online.
  3. Offer social media management services.
  4. Start an ecommerce store.
  5. Become a proofreader.
  6. Sell a digital product.
  7. Start a YouTube channel.
  8. Become a transcriptionist.

How can I make $3000 a month a passive income?

How to make $3,000 in a month from home
  1. Blogging. If you are looking for a way to make $3k a month online, one of the best ways to do this is through blogging. ...
  2. Work as a virtual assistant. ...
  3. Proofreading. ...
  4. Join Focus Groups. ...
  5. Freelance Writing. ...
  6. Become a Pinterest Manager. ...
  7. Transcriptionist. ...
  8. Affiliate Marketing.

How can I make 30k a year on the side?

Here are our top picks for the best side hustles to start earning extra cash:
  1. Proofreading.
  2. Start A Blog.
  3. Virtual Assistant.
  4. Deliver with Postmates.
  5. Transcribing.
  6. Host with Airbnb.
  7. Share Your Car.
  8. Drive with Ridesharing Apps.

How can I turn 10k into 100k?

23 Best Ways To Turn 10k Into 100k
  1. Invest In Index funds. Investing in index funds is one way to increase your income. ...
  2. Invest In Mutual Funds. ...
  3. Invest In ETFs. ...
  4. Invest In Dividend Stocks. ...
  5. Invest In An IPO (Initial Public Offering) ...
  6. Invest In A High Yielding Savings Account. ...
  7. Peer To Peer Lending. ...
  8. Invest In Yourself.

How much should a 30 year old have saved?

Fast answer: A general rule of thumb is to have one times your annual income saved by age 30, three times by 40, and so on.

Where should I invest 10k in 2021?

Whether it comes from a sudden windfall, an inheritance or a winning lottery ticket, let's look at the best ways to invest $10,000.
  • Open an IRA. ...
  • Invest in Mutual Funds and ETFs. ...
  • Build a Stock Portfolio. ...
  • Invest in Bonds. ...
  • Buy Real Estate with REITs. ...
  • Prepare for healthcare costs with an HSA. ...
  • Considering Crypto?

How can I make $2000 a month from home?

How to Make $2000 a Month from Home (or ANYWHERE)
  1. Virtual assistant.
  2. Internet scoping.
  3. Blogging.
  4. Freelance your skills.
  5. Photography.
  6. Teach English.
  7. Amazon.
  8. Rent out your stuff.

How can I make 50k a year on the side?

15 Ways to Make $50,000 a Year In Passive Income
  1. Invest in real estate.
  2. Purchase shares in dividend stocks.
  3. Peer-to-peer lending.
  4. Write a book.
  5. Start or buy a blog.
  6. Start a drop shipping business.
  7. Sell online courses.
  8. Buy a business.

How can I make $2000 a month part time?

30 Best Side Hustles | Make an Extra $1,000-$2,000 a Month
  1. Start A Blog. Even though it might take some time, you can make plenty of money blogging. ...
  2. Proofreading. ...
  3. Virtual Assistant. ...
  4. Deliver with Postmates. ...
  5. Host with Airbnb. ...
  6. Share Your Car. ...
  7. Drive with Ridesharing Apps. ...
  8. Freelance on Fiverr.

Should I take my money out of the bank 2022?

Investor takeaway. There are a lot of better choices than holding cash in 2022. Inflation will deteriorate the value of your savings if you decide to stash your cash in a bank account. Over the long run, you'll be better off investing now, even if expected returns are lower than they've been historically.

Are tips a good investment for 2022?

With yields so low, however, we do see a risk in yields moving modestly higher into 2022, which may limit the total return potential for TIPS investments. For that reason, we stop short of calling TIPS a good inflation "hedge," especially over the short run.

How can I save 100k in 3 years?

I saved over $100,000 in just 3 years by the time I was 27—here are my top money-saving tips
  1. Invest in your 401(k) ...
  2. Keep your expenses very, very low. ...
  3. Save 40% to 50% of your earnings. ...
  4. Start a side hustle. ...
  5. Don't get caught up in comparison.

Is 100K a lot of money?

In fact, a good 51% of Americans say $100,000 is the savings amount needed to be financially healthy, according to the 2022 Personal Capital Wealth and Wellness Index. But that's a lot of money to keep locked away in savings.

Where do you put 100K?

How To Invest 100k: The 5 Best Ways
  1. Investing in real estate.
  2. Individual stocks investing.
  3. ETFs and mutual funds.
  4. Investing in IRAs.
  5. Peer-to-peer lending.