Do you want to make money? Discover these side hustle that requires no effort

Side hustles are becoming more popular than ever before, as people look to earn extra income. Whether you want to pay off debt, get a more comfortable cash flow for your monthly bills, build up your savings account, or achieve other financial goals, starting a side hustle can be fun and empowering.

But some side hustles become side “hassles” — they bring extra costs, risks, and unpaid work. Before you start a side hustle, make sure you’re aware of the costs of doing business.

Do you want to make money? Discover these side hustle that requires no effort
Do you want to make money? Discover these side hustle that requires no effort

Here are a few popular side hustles that might not be worth the effort — and how you can make these side hustles work better for you.

  1. Ride-hailing driving and food delivery apps

If you own a car, starting a side hustle as a ride-hailing driver or food delivery app driver can be a quick way to start making extra cash.

But beware: Ride-hailing hourly wages, after the costs of gas and depreciation, might not be worth it. The Ascent’s previous research has found that Uber drivers make an average of $19 per hour, and food delivery app drivers might make $15-$22 per hour with tips. Those aren’t bad wages, but they’re averages — if you go too long without a new customer, your hourly earnings might drop to the point where it’s not worth doing.

And driving for a living has a few unique risks, like car insurance and wear and tear on your vehicle. What if you get a flat tire while delivering groceries, and have to pay hundreds of dollars for new tires? What if you get in a car crash that’s not covered by your “on duty” ride-hailing app’s car insurance? That $20 per hour of extra income could turn into thousands of dollars of extra expenses.

How to make this side hustle a better deal: Get rideshare auto insurance. Some insurance companies offer special car insurance for the needs of ride-hailing drivers, either as a new policy or as an endorsement to an existing auto policy. Most ride-hailing apps provide some insurance while you’re officially “on duty” within the app, but getting additional insurance can keep you from falling through the cracks.

Frank Yeboah

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