Putting your Money to Work While You Sleep


Many people think that a 9-5 job is the only legitimate way to make money, and because of this thinking, they miss out on many profitable opportunities. If you step out of your comfort zone and start exploring, you will realize that there are more ways than one to sustain your finances. Although putting your money somewhere else may carry an amount of risk, relying on your job as your solitary source of income is a big risk in itself. An economic downturn or a horrible accident can leave you looking at the government or other people for help. Therefore during times of abundance and health, it’s wise to start putting some of your expendable finances to work. Here are a few ways you can go about earning some extra income utilizing your expendable income:


Equity Markets

Investing in the stock market has made a lot of people a lot of money. However, it’s not guaranteed – losing money is a reality each time you buy a stock so make sure that you do your research and have a strategy planned before you get started.

If you are new to stock investing, one strategy that you can use is the Dollar Cost Averaging method. In a nutshell, this strategy requires that you invest a small amount of your salary to blue chip stocks (companies with a national reputation for quality, reliability, and the ability to operate profitably in both good times and bad) for a long period of time like 10 years or more.

Buying blue chip stocks helps to minimize the risk (because you’re putting your money into a quality company with a renowned reputation), and over a long period of time you can make fantastic returns on your investment. If you’re looking for a quick return on your investment, then this is not the best method for you to use. But, if you’re looking to invest some of your salary to bulk up your retirement funds for later in life, then this is a great way to go.


Many entrepreneurs have a solid business idea but lack the resources to start their company. If you want to use your money to support something that you believe in, then why not invest in a new business?

This does come with some risk, as not all companies looking for Crowdfunding will make it. But, you have a great opportunity to browse through the many projects who are looking for an investment, and then pick one which you believe in.

GoFundMe, KickStarter, IndieGoGo and GiveForwardare a few examples of some of the many crowdfunding sites on the web.

Peer to Peer Lending

In peer to peer lending, you are investing to individuals who need access to quick cash. Similar to crowdfunding, money is pooled and then offered to borrowers. If you want to help people struggling with their finances while making a healthy return, you can open an investor account in websites like Prosper and Peerform.

After creating an account, you can select investing parameters that you are comfortable with. An investor can make an average of 8 – 10 percent per year to borrowers with decent credit scores. If you want higher returns, you’ll have to invest your money to borrowers with lower credit scores.


Even if you don’t own property, you can still make money through renting your belongings. Thanks to websites like Zilok you can put up any of your belongings and rent them out to people for a set daily rate. Some of the most popular things people rent include cars, gaming consoles, televisions, tents, backpacking gear, and much more.

The process of renting your gear is simple. After registering and putting up the item for rent, you will be contacted by a renter who will pay a retainer’s fee to reserve the item. The two of you will then meet up so you can give the item to the renter. When the rental period is over, you meet up with the renter to collect your item and payment.

Aside from renting your gear, you can also offer a part of your house for rent. If you have space in your home like an available room or an empty basement, having someone rent it is another way to capitalize on your investments. Visit Zillow’s Rent Estimate in order to determine a fair price for the space that you are listing for rent.


Don’t let fear stop you from exploring other money-making ventures. Invest in the stock market, put your money in crowdfunding or peer to peer lending sites, rent out your unused items, or rent that extra room you have spare in your home. After working hard to make your money, don’t hesitate to make your money work hard for you.

Author Bio

Donny Gamble is a published Amazon author who graduated from The Ohio State University with a proven track record of growing online businesses. He runs his own Personal Finance blog at Personalincome.org, and has been featured on Yahoo Finance as well as other personal finance websites.

Comments Closed