Extra income with little investment

Achieving financial independence is the dream of 11 in 10 Brazilians. But how can you earn extra income with little investment?

To help you find the perfect way to earn that extra cash without the need for major investments, we've put together some ideas that could be a great solution for you—and your wallet. Today's content will be divided into the topics listed below:

What is extra income?

Extra income is any money you earn doing alternative work, that is, work that is not part of your main occupation. For example:

Dona Neide owns a salon and works as a manicurist, pedicurist, and waxer, and in her spare time, she sells cakes and sweets to order to earn that extra income.

This is a popular way for Brazilians to boost their budget and help them make ends meet at the end of the month, or even to boost their savings.

How important is it to have extra income?

In normal times, having an extra source of income is a great way to help pay the bills at the end of the month. It allows you to have greater control over your spending and your overall financial life.

During a pandemic, having extra income is almost essential and can make all the difference to a family's budget.

With unemployment on the rise, this type of alternative income is what has helped/is helping millions of families face this challenging time.

Is it possible to earn extra income with little investment?

Yes, of course! There are countless ways to earn that extra income you've always dreamed of, and the investment level for each option varies. With the help of the internet, it's become even easier to find ways to earn extra money without having to invest a large amount upfront.

But, before looking for any option to secure an extra source of income, it's important to understand that you'll need to invest time, dedication, and patience to make the money come in.

Ideas for earning extra income with little investment

Let's get to the point! Now that you know what extra income is and why it's important, we've listed some ideas to help you decide which one best suits your needs. They are:

Invest to make your money work for you

There's no shortage of investment options in the market these days. So let's start with the most advantageous option: while you live your life comfortably, the money you invested is there, "working" for you.

Investing can be an excellent option for those who want extra income without investing much.

You don't even need to be a great investment expert to get into this field. Nowadays, there are platforms like Nu invest and Rich which are very easy to handle.

And the best part: thanks to the various investment types available, you can start by investing smaller amounts. All to help you find the profile that best fits your plans.

Practice detachment and make money

This is an excellent tip for anyone who has a lot of stuff at home – from clothes and accessories to books and shoes – that they no longer use.

Why not combine business with pleasure and sell it all?

In addition to generating a good financial return, you can also organize your home by selling those things that, despite being in good condition, were often just taking up space.

In this option, the investment is zero, since it is possible to create an account on Instagram or another social network exclusively to sell these items.

In addition to this option, there are also websites specialized in this type of product sale, such as I got sick of it, Free Market, OLX and Virtual Bookshelf (intended exclusively for book sales).

Offer rides while traveling

This is an option for drivers who need to travel frequently and want to earn some extra income during those trips. If you have free space in your car, you can give rides to people going to the same destination as you and earn a little money.

To this end, there are apps and websites that connect drivers with passengers who need a ride. The most popular of these is BlaBlaCar.

In it, the driver can offer a ride, informing the car model, number of available spaces, departure/arrival time and place and the cost of the ride.

Passengers looking to travel to the same destination can connect with these drivers and complete the trip.

To ensure greater safety – for both drivers and passengers – all users are evaluated through a system provided by the app itself.

This is a great option for both those looking to hitchhike – as the prices tend to be better than other means of transportation, such as buses – and for drivers, who can earn a little extra money by making these trips.

Become an affiliate

Another alternative for those looking to earn that extra money is to work as an affiliate, selling third-party products online.

These products – which can be digital, such as courses, or physical, such as accessories) are sold through your promotion, and you earn a commission, which will be equivalent to the number of purchases made through your link.

Currently, there are exclusive platforms to bridge the gap between products and affiliates, such as Affiliation.

One of the main advantages is that you can promote these products through social media and the internet, without having to leave your home.

Conclusion

So, what did you think of these options?

As you can see, there's no shortage of opportunities for those looking to earn that extra income. There are options in a wide range of fields and for a variety of profiles. Now just choose the one that catches your eye, plan accordingly, and begin your journey toward your dream financial independence!