How to Make Extra Money Working in NYC

When you live in New York City, your home is in one of the best cities on the planet. It’s also one of the most expensive places to be in the United States.

Most landlords require you to have a salary equal to 40 times your monthly rent to qualify for an apartment. Without that much money available, you must have a guarantor or use a third-party service.

That’s why knowing how to make extra money working in NYC is vital to your quality of living. It only takes a little extra effort to get your income to where it needs to be.

What Are the Best Ways to Make Money in NYC?

1. List a Spare Room

If you have a spare room in your apartment, you can turn it into cash. Good hosts with a desirable space can add thousands to your income each year. 

2. Become a Driver

Lyft and Uber vehicles outnumber taxis at a rate of almost four to one in NYC. Although rideshare drivers must meet special requirements, it’s a fast way to add some income without doing anything overly strenuous.

3. Work Freelance

Numerous websites can help you become a freelancer in the comfort of your home. A great option in this category is Fiverr. Not only do they have community meetups for social connections, but they also take care of your payment processing and web hosting needs.

4. Invest in Real Estate

NYC real estate used to be a complicated marketplace. With websites like Fundrise, you can get involved for as little as $500. 

5. Take Side Gigs

If you have a specific talent, it can be turned into a profitable venture. Talk to your neighbors about what they need, and you might make a few bucks.

It would be nice if money grew on trees. Since it doesn’t, these ideas can help you start earning a little more.