• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

Online tutoring

Teaching a subject that you’ve spent years learning, or a skill that you’ve organically developed, could be a relatively easy side hustle.

Complex subjects like physics, chemistry and the Graduate Management Admission Test (GMAT) are particularly lucrative, says ZipRecruiter, but not so easy unless you have a passion for the subject.

If that’s not an option, consider teaching languages like English to kids from wealthy families in other countries. English teachers can make up to $5,000 a month in countries like the United Arab Emirates. And with remote learning, this can be done from the comfort of your home.

Discover the power of FreeCash – your ticket to easy money

Dive into a world of rewards at FreeCash where earning cash is as simple as a click. No gimmicks, just real cash for your time. Join the community of earners today and watch your wallet grow effortlessly.

Make Money Now

Executive virtual assistant

Virtual assistance is another lucrative gig. But it’s best to focus on high-value tasks for C-suite executives to come away with big money. If you can ace jobs like project management, web development and IT problem-solving, you could be charging clients $50 an hour and up, according to Upwork.

Meanwhile, a freelance marketing assistant could make $50 to $200 an hour and business coaches can bring in up to $500 an hour.

Real estate

Unlike other gigs on this list, real estate is perhaps the most passive way to generate income. The gross rental yield for properties across the U.S. is 6.1%. You could generate that with just a few hours of work every week. Those hours could be trimmed further if you hire a contractor for maintenance and an accountant to deal with payments and taxes. In fact, if you hire a property management company you could generate returns completely passively.

Owning commercial property also gives you the option to deploy a triple-net lease, which means the company renting the office or retail space from you has to pay all the expenses on the property, like real estate taxes, building insurance and maintenance (this is on top of rent and utilities.) The benefit of a setup like this? The tenant is responsible for all things property management, leaving you more time to focus on your day job.

Good rental yields for commercial properties in the United States — anything that falls between 5% and 10% per year — are significantly higher than those generated from residential spaces, which usually sit around 1% to 3%. It’s a lucrative option and a fairly passive income source, yes, but it’s also capital-intensive. So keep in mind: it might not work for everyone.


This 2 Minute Move Could Knock $500/Year off Your Car Insurance in 2024

Saving money on car insurance with BestMoney is a simple way to reduce your expenses. You’ll often get the same, or even better, insurance for less than what you’re paying right now.

There’s no reason not to at least try this free service. Check out BestMoney today, and take a turn in the right direction.

Vishesh Raisinghani Freelance Writer

Vishesh Raisinghani is a freelance contributor at MoneyWise. He has been writing about financial markets and economics since 2014 - having covered family offices, private equity, real estate, cryptocurrencies, and tech stocks over that period. His work has appeared in Seeking Alpha, Motley Fool Canada, Motley Fool UK, Mergers & Acquisitions, National Post, Financial Post, and Yahoo Canada.


The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.