Join the Gig Economy –
How to Make Extra Money and Save for the Future

The concept of the “gig economy” has been around for a long time, but the term only became popular in the last few years. The gig economy is driven by self-employed people, independent contractors, temporary workers, and those who work jobs, such as rideshare or food delivery services. Some people make a full-time living from gigs while others will use the gig economy to earn extra money outside of their full-time job. Are you interested in earning extra income with the gig economy? Here’s how.

How to Find Work with Gig Services

With several rideshares, food delivery, and housekeeping sites to choose from, it’s easy to fill your time with errands and projects to keep you busy while making extra money. Lyft and Uber are the most popular car-sharing services. You can do grocery pick up and deliveries with apps likeInstacart or Shipt. Food delivery is available through services like Grubhub, DoorDash, and Takeout Central. TaskRabbit and ThumbTack allow people to sign up for odd jobs, such as helping someone move or run errands. You can find these and more here.

Consider Monetizing Your Hobbies

These apps help facilitate the gig economy, but they aren’t the only avenue for making money on the side; another way to earn extra income is to monetize your hobbies. Do you like making crafts? Sell them online through services like Etsy or Facebook Marketplace. You can even attend local craft fairs to showcase and sell what you’ve made. Do you have expertise in something? Write an eBook or start a YouTube channel and work to find sponsors and affiliates to earn extra income.

It’s important to keep in mind that none of these things are passive income. It takes a lot of work to become an influencer, so if you don’t love doing it, it might not be worth it.

Try Taking on Freelance Jobs

You can also make extra money by working during your free time as a freelancer. Maybe you have a skill like graphic design or writing. You can set up a shop to do projects for logo design or content writing. You can earn additional income or eventually make enough that you can strike out on your own and start a business.

Know How to Avoid Scams

If you are planning on trying to make income on the side, avoiding common scams is essential. For example, steer clear of pyramid schemes. You may have also heard about multi-level marketing (MLMs). Some of those companies are legitimate work, but others are pyramid schemes in disguise. Be diligent in your research and avoid anything that seems too good to be true, because it probably is.

The Financial Benefits of Getting Involved in The Gig Economy

Earning extra income in the gig economy can help you with getting out of debt or saving up for the next stage of your life. All of these are important goals to consider when deciding to buy a home and get a mortgage. All these are important when searching for and buying a home. If you want to transition to the Gig-Life, purchasing a home can give you more financial freedom to spend time doing what you want. If you’re currently self-employed, GoPrime Mortgage can help you get pre-approved. Typically two years is the magic number, and we’ll need proof of self-employment. We suggest you work with your accountant to ensure you have everything you need when you meet with us.