Investing is a common recommendation for putting your money to work to build wealth. After all, investing in assets that create more income for you is a lot better than hiding your cash under your mattress!
And, the great news is that there aresomany different investment ideas out there you can use to create passive income. So, if you’re wondering how to invest and make money daily, you’re in luck.
This post is covering 10+ of the best ways to invest and earn daily income you can use to create new income streams for yourself.
12 Ways To Invest And Make Money Daily
One quick note about ideas to invest and make money daily. You should always consider your investing timeframe, goals, and risk tolerance before picking an investing idea. Furthermore, don’t hesitate to speak to a financial planner or investing advisor if you need help picking the right idea for you.
Table of Contents
1. Invest In Real Estate
In the past, it took alotof money to invest in real estate. However, thanks to real estate investing platforms, this high capital requirement isn’t the case anymore.
In a nutshell, real estate investing companies pool money together from numerous investors to invest in income-generating real estate.
Arrived is one company in this space that lets U.S. investors add income-generating rental units to their portfolios starting with just $100.
Arrived purchases properties like rental units and vacation homes where it can charge rent. As an investor, you get paid quarterly dividends. You can also earn from your Arrived shares appreciating in value.
Arrived is a newer player in the space. But it’s incredibly beginner-friendly because of the $100 minimum investment requirement and has thousands of investors on the platform.
Plus, you can try out a variety of other real estate investing platforms as well, including:
- RealtyMogul: Invest in exclusive real estate deals starting with $5,000.
- Fundrise: Lets you invest in income-generating real estate starting at $10.
- EquityMultiple: Another platform specializing in high-yield real estate investments with a $5,000 minimum.
- Yieldstreet: One of the leading platforms to invest in real estate, art, and various alternative assets.
Ultimately, if you want to diversify your portfolio with real estate and invest to make money daily, real estate investing platforms are definitely worth checking out.
Learn more about investing with Arrived!
Fundrise disclaimer: This is an endorsem*nt in partnership with Fundrise. We earn a commission from partner links. All opinions are my own.
2. Dividend Stocks & ETFs
Dividend stocks are a popular investing choice for anyone looking to supplement their income.
This is because dividend stocks let you earn quarterly or annual dividend payments while still potentially benefiting from share appreciation. And, investing in dividend stocks is pretty simple most of the time.
For starters, you can check with your bank to see if you can open an investing account to start investing online. Investing apps like Stash are also a beginner-friendly option you can consider if you live in the United States.
Stash makes it easy to invest in thousands of ETFs, stocks, and even crypto without paying commissions. And new members also get a $5 sign up bonus, so it’s an easy way to get free money while beginning your investing journey.
As for which securities you invest in, you have to do your own due diligence and research. But for dividend investing, one great place to begin your research is to look at the Dividend Aristocrat list. This is a list of companies that are in the S&P 500 index that have paid and increased dividends every year for at least 25 years in a row.
The bottom line is dividend investing is a classic way to invest and get paid daily. And you can also explore various dividend ETFs as well as individual stocks.
Just note that you have to wait for quarterly or annual dividend payments, so there is a delay between becoming a shareholder and earning dividend income.
Pro Tip: If you need a helping hand, you can try out The Motley Fool to get custom stock picks sent right to your inbox every week and month.
3. Invest In An Online Business
Now, this isn’t a traditional investing idea. However, I think the earning potential is higher with online businesses than almost any type of investing strategy.
I’ll give you a personal example: I started This Online World back in college as a way to earn money online. The blog cost around $175 between a domain name, WordPress theme, and one year ofSiteGround hosting.
It took years of work and learning to grow this blog. But This Online World made $92,000 in 2021. And in 2022, This Online World made $272,000!
These days, my blog makes $1,000 a day or more between Mediavine ads and affiliate income. And this just goes to show the potential of online businesses and how investing in one can pay dividends, even if it takes a while for things to grow.
There are plenty of other ways to make money with online businesses as well. Some of my favorite ideas include:
- Starting a digital marketing agency
- Dropshipping
- Amazon FBA
- Starting an Etsy print on demandstore
- Selling courses or coaching programs
- Becoming an influencer
Again, this is just scratching the surface, and there are plenty of ways to earn autopilot income online with these business models.
4. Fixed-Income Investments
If you want a simple way to invest your money for daily income, you can always consider fixed-income investments. These investments are typically low-risk and pay a predetermined amount of income for a given timeframe.
Some popular examples of fixed-income investments include:
- Bonds
- Certificates of deposits (CDs)
- High-interest savings accounts like Current (includes a nice $50 sign up bonus and pays 4.00% APY!)
- Preferred stocks
- Money market accounts
- Treasury bills
The downside is that your returns are usually low because you’re taking on low risk. And, during periods of high inflation, this is usually a bad call since your investments aren’t appreciating enough to outpace inflation.
That said, this is still a simple way to invest for daily income, so it had to make the cut for this list.
Pro Tip:Use Raisin to find the best high-yield savings accounts, money market accounts, and CDs. Raisin works with dozens of banks and credit unions to get you the best rates. It doesn’t charge fees and only takes $1 to get started.
5. Use Micro-Investing Apps
If you don’t have much money to invest, you can always try micro-investing apps to get started. And apps like Acornsare a perfect example you can try if you live in the United States.
With Acorns, you can put your daily spending to work and turn your shopping into an actual investing portfolio. Acorns does this by letting you round-up your daily purchases to invest the difference automatically.
For example, if you buy a coffee and muffin for $4.25, Acorns can automatically round up to $5 and invest the extra $0.75 on your behalf. This might seem inconsequential, but Acorns is all about building good habits and consistently investing.
Acorns invests in a variety of ETFs to match your investing goals and levels of risk tolerance as well, so it’s a more tailored way to invest and make money daily.
Another nifty Acorns feature is its “Earn” options that let you earn cash back from over 350 retailers.
This feature is similar to reward apps, and you can earn cash back for shopping at partners like Apple, Kohl’s, Nike, Sephora, and Walmart.
Acorns even has a shopping browser extension to help you earn cash back online, so it’s very flexible. The beginner Acorns plan costs $3 per month, so you have to pay to automatically invest and earn shopping rewards.
Start investing with Acorns today!
6. Purchase Rentable Assets
Another creative idea you can try to create investment income is tobuy assets and then rent them out for profit. And, it’s actually surprising how many things you can rent out for profit as well if you get a bit creative.
Some popular rental passive side hustles you can look into include:
- Making money with a spare room through Airbnb
- Renting out your car with Turo
- Renting out a shed or extra storage space with Neighbor
- Renting out gear like cameras and drones on Fat Llama
Marketplaces like Fat Llama are honestly super cool, and you can get very creative. For example, this Fat Llama owner is renting out a power washer in London for around $20 per day.
As you can see, they have almost 800 reviews, so they’ve made thousands of dollars by renting out this piece of equipment for cash. And this is a perfect example of how you can invest and make money daily if you buy a useful tool or asset that people are willing to pay for.
7. Invest In A New Side Hustle
Like starting an online business, another way to invest and earn daily income is to try a new side hustle idea.
The idea here is pretty simple: you can invest your money into gear or equipment you need to start your own side hustle. And the great news is that there are plenty of low-cost side hustles you can try, including:
- Delivering food with gig apps like Uber Eats or DoorDash (you just need a bike)
- Completing Craigslist cash gigs like cleaning or furniture assembly
- Becoming a handyman with apps like TaskRabbit
- Getting your certification to be a babysitter
- Investing in a lawn mower and basic landscaping equipment
You get the idea. Just think of a simple side hustle you can start and invest some starting cash to get your hustle up and running.
Start making money with Uber Eats!
8. Invest With A Robo-Advisor
Robo-advisors are similar to financial planners except they use algorithms and questionnaires to help invest in assets that match your goals and risk tolerance.
The advantage of robo-advisors is that they’re generally low-fee. And they let you put your entire investing strategy on autopilot, which is great for beginners.
Betterment is one of the leading robo-advisors, and it’s a great passive income option for young adults since there’s a $0 minimum funding requirement. You can also consider robo-advisors like Wealthfront or M1.
All of these companies lend a helping hand and let you invest on autopilot. And again, you don’t need a lot of starting cash to sign up.
9. Crypto Interest Accounts
Crypto interest accounts are another way you can put your money to work and earn daily interest.
This is also the latest passive income idea I’m trying, and it’s very easy to start. For example, companies likeNexolet you earn 10% to 15% APY or more by depositing your cryptocurrency in crypto interest accounts.
I’m using Nexo right now, and it’s a very nifty passive income source because of how interest payments work. Nexo lets you deposit dozens of different cryptocurrencies, and interest accrues daily so you’re technically earning every single day.
Right now, I deposited about $500 of Cardano in my Nexo account. It earns around 8% annually. I’m getting paid in Nexo tokens, the platform’s native token.
You can purchase crypto through Nexo as well. Alternatively, you can use popular exchanges like Coinbase to buy crypto and then move it to your Nexo account.
Just note that you should consider the risks of crypto before deciding to use this investing strategy. And never hesitate to speak with a financial professional to create a strategy that works for your specific situation.
10. Invest In Other Small Businesses
Starting your own online business or side hustle is one method to invest to earn money daily. But, what if you could invest in other small businesses to get your money to work for you while helping other entrepreneurs?
This is the concept behind being an angel investor. You invest in startups to help them get off of the ground, and in return, you generally get equity and even a board seat depending on the arrangement.
Of course, there are risks like if a business goes bankrupt, so you have to do your due diligence. And angel investors or silent partners are generally accredited investors who are quite wealthy. But this is still an interesting investment strategy worth mentioning.
11. Invest In A New Skill
Sometimes, investing in a new skill is much more lucrative than investing in income-generating assets.
I experienced this with things like blogging and making money on YouTube, but there are so many examples of skills you can sell online or in-person once you learn them.
And, you can learn almost anything for free these days with the power of the Internet.
Alternatively, websites like Skillsharehas incredibly affordable courses on a range of subjects like:
- Coding
- Data science
- Graphic design
- Digital marketing
- Personal development
- Photography
- SEO
- Web development
- Video editing
What’s nice about Skillshare is that there are also very specific courses. For example, you can even become AWS certified with some Skillshare courses, or learn a specific programming language or skill.
Again, this isn’t a traditional example of investing to earn money daily, but a single course can truly change your life or career if you learn a high-value skill.
12. Peer-To-Peer Lending
One final idea to invest and make money daily is to invest with peer-to-peer, or P2P, lending platforms.
P2P lending involves lending money to other people in return for interest payments, almost as if you’re a bank. It’s a much riskier type of private lending. But these sorts of debt investments can yield high returns and potentially double your money.
There are alsolotsof P2P lending sites for investors, including options like:
- LendingClub
- Prosper
- Kiva
- Upstart
- Peerform
Just remember: this method of investing for daily income can be very risky since borrowers can default. So, always consider the risk versus reward and do your due diligence.
Extra Reading – The Best Ways To Make Money Doing Nothing.
Tips For Getting Started
Now that you know how to invest and make money daily, here are a few tips you can keep in mind to make the process much easier and successful.
- Do Your Research: You should always do your due diligence and research multiple options so you can find an investing idea that matches your goals and level of risk tolerance.
- Ask For Advice: Don’t be afraid to ask for professional financial advice from an advisor if you need a helping hand.
- Try Multiple Ideas: Testing different investing ideas is a great way to discover which methods you enjoy and which methods generate the highest returns for you.
Frequently Asked Questions
How Can I Invest $10 And Earn Daily?
Two of the most popular ways to invest $10 and earn daily are to invest in dividend stocks or with real estate investing companies. For example, you can invest in many dividend stocks for $10 or less with fractional shares. And platforms like Fundrise only require $10 to begin investing.
Similarly, you can purchase cryptocurrencies on exchanges like Coinbase with just $2. Then, you can stake your crypto to earn passive income.
Finally, Acorns is one of our favorite ways to invest $10 and earn daily since it automatically rounds-up daily purchases and invests. Plus, you can earn cash-back from 350+ partners.
What Can I Invest In To Make Money Fast?
Investing in tools that let you start a side hustle is one way to invest and make money fast. For example, you can start a blog or online business without spending much money and then turn it into an income stream.
There are even more beginner-friendly ideas as well if you get creative. I mean, you could buy an old Android phone and then try several passive income apps to earn free PayPal money and gift cards. This is just one example, so don’t be afraid to get creative!
Extra Reading – How To Make $1,000 A Day.
Final Thoughts
I hope my guide on how to invest and make money daily helps you create new income sources for yourself.
There are honestly plenty of ways to diversify your income through investing. Just be sure to do your research and to consider your goals and level of risk tolerance before choosing an idea.
And remember: there’s nothing wrong with starting less passive side hustles as well.
For example, you can make money with DoorDash or jobs like Instacart in your spare time if you’re just looking for a reliable way to make extra cash on the side.
Looking for other ways to make extra money? Checkout:
Tom is a full-time blogger and freelance writer with a passion for side hustling, passive income, and the gig economy. His work has appeared on dozens of personal finance websites like Money Crashers, The College Investor, Investor Junkie, and more. This Online World is all about providing people with honest ways to make and save more money by using technology. To learn more about Tom, read his About Page!
If you’re interested in freelance writing services or want to partner with This Online World, please use our contact page to get in touch!
