Chock full of skyscrapers and bankers and brokers, New York City is the financial capital of the universe.
Money flows down your streets and avenues like water rushing down a river.
So why not venture to scoop up some of that money for yourself?
Carmen Mandato/The Penny Hoarder
The Big Apple might be bustling with commerce, but its also a super expensive place to live.
As a New Yorker, you could always use a little extra cash to pay rent.
Here are eight of them.
Theres something here for you.
Naturally, New York City hasspecial requirementsfor ride-share drivers.
No Interest Til Almost 2027?
Balance Transfer = Credit Card Cheat Code
That might sound like a lot.
Demand for ride-sharing is growing like crazy and shows no signs of slowing down.
List a Spare Room on Airbnb
Have a spare room?
Might as well make a run at earn some money bylisting it on Airbnb.
Did you know?
A few simple steps can make the difference between a great experience and a less-than-satisfactory one.
Here are some tips:
Heres the link to sign up as an Airbnb host.
(Hosting laws vary from city to city.
hey understand the rules and regulations applicable to New York City.)
Find a Flexible Work-From-Home Gig
Working from home has its perks.
You dont have to deal with rush-hour traffic or public transportation.
Theres no ice or snow in your living room.
you could make money without even leaving your apartment.
Heck, you dont even have to leave your couch.
Here are a few things to keep in mind:
4.
Rent out Your Parking Space
Parking is at a premium in this city.
Its a hassle, and its expensive.
List your space on Craigslist.
A quick look at Craiglists page for parking and storage in NYC shows more than 1,000 listings.
Note, many of these are commercial parking lots.
But we also see spots in private driveways in Queens going for $175 to $300 a month.
Parking spots a block or two from the beach in Long Beach are going for $300 a month.
Not bad for a slab of asphalt.
Invest in Real Estate (From your machine)
New York City is all about real estate.
It always has been, ever sincethe Dutch bought Manhattanfrom the Native Americans in 1626.
Investing in real estate is hot right now, and why not?
As Mark Twain supposedly pointed out, theyre not making any more land.
Its usually complicated, though.
You need a lot of money, and then you have to play landlord.
A company called Fundrise does all the heavy lifting for you.
This isnt an obscure investment, though.
Cash flow typically comes from interest payments and property income (e.g.
(But remember: Investments come with risk.
Youll pay a 0.85% annual asset management fee and a 0.15% annual investment advisory fee.
Interested?Get started with Fundrise here.
Thats where an online course can come in handy, likeBookkeeper Business Launch.
If youre interested in bookkeeping, take notes from Daniel Honan.
It helps folks start and grow their business.
Honan finished the courses in about three months.
When we talked with him, he had about 10 clients spanning the U.S. and worked 40-hour weeks.
He estimated hed gross about $50,000 during his first year in business.
The first courses are free, so be sure to check them out.
Now, you could get paid to mystery shop and drink at breweries in your area throughSecret Hopper.
(Clever, right?)
One Penny Hoardergave the gig a try.
He paid $16 on his visit to a local brewery.
Secret Hopper paid him $20 via PayPal within a few days.
All you have to do is sign up, then itll contact you when youre needed.
Find Freelance Work, Small Jobs and Side Gigs
Still need money?
Time to scratch up a side gig.
He loves New York City.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
