You can make money with nothing but your phone in 2020. Here is a list of the best ways to turn spare time on your phone into cash. Feel free to add me on Instagram: beck.zack
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To be clear, you’re not likely to get rich (at least not quickly) with these methods. Here are options that have the most potential, even if they take some extra work.
Investment Applications
Acorns: Allows you to invest as little as $1 per month. The app rounds up purchases to the next dollar and invests the difference automatically. It helps you to start investing with such small amounts that you won’t even notice the money missing. There are no account minimums and no overdraft fees. Additionally, Acorns partnered with over 300 companies that offer cash bonuses when you shop at their online store. The money is applied directly to your investment account.
Robinhood: If you’re interested in something a little more complex, Robinhood allows you to trade stocks, funds, and other financial products from your phone. And there aren’t any commission fees on self-directed accounts. This user-friendly option lets you invest as little as $1 in more than 5,000 stocks, ETFs, and cryptocurrency. If you’ve been looking to trade from your phone for free, get this app.
Wealthfront: is an SEC registered investment advisor that offers automated investment management and financial planning and short-term cash management. Based on Modern Portfolio Theory, they offer personalized investment portfolios of index funds with designed to adjust according to your personal risk tolerance while staying diversified and tax-efficient.
Work for a Delivery Service
The most well-known grocery delivery company is Instacart. If you’re not comfortable delivering to people’s homes, you could sign up just to do the shopping. Another company that may work in your area is Shipt. The average shopper makes $15-$20 an hour.
Work for a Driving Service
If you have a smartphone and you don’t mind driving around town, consider using your cell phone to pick up a side hustle as a driver for Uber or Lyft. The average driver makes between $8.50 and $11.70 an hour. I
Use an App to Sell Stuff
Poshmark: Poshmark allows users to list their items on the website. Once you sign up for an account, snap a photo of the item you want to sell, include a description, and set a price.
Letgo: The app is free to use and you can negotiate prices if you really want to get rid of something. You are restricted to selling in your area and you can’t be paid through the app, so you’ll have to work out payment arrangements with the buyer (typically cash or Venmo).
Decluttr: Decluttr lets you sell media items like DVDs, CDs, books, electronics, and gaming items. Decluttr also accepts phones.
Sell Your Photos on FOAP
FOAP allows creators to sell stock photos from their phones. The app is completely free and you can upload photos right from your phone. You can sell and resell the same photo as many times as you want. Photos sell for $10 and they keep 50% of each sale.
Work as a Customer Service Agent
Working as a customer service agent from your phone will provide a more steady stream of income, but the jobs can be a bit more difficult to come by. You may also be required to go onsite for some training before you can work from home.
Work as a Language Tutor
If you have a smartphone and you’re fluent in English, you could make money working as an ESL tutor on NiceTalk, WyZant, or VIPKids
DISCLAIMERS & DISCLOSURES
This content is for education and entertainment purposes only. The Zack Beck Show does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. The Zack Beck Show is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Thank you for your support.
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