How to Capitalize on Your Spare Time
Every dollar counts when it comes to saving money and reaching your financial goals.
Yet all too many people fail to capitalize on their spare time. The same hobbies and activities you already dedicate time to when you’re not working could make you some serious money.
That is, with a little extra effort.
Stop wasting your valuable time and add some cushion to your income with these five unique income opportunities.
Spend Spare Time Exploring the Sharing Economy
The sharing economy consists of thousands of online platforms that allow you to capitalize on underused assets that you already own – like cars, homes, hobbies, and labor.
According to the Mesh Labs Global Sharing Economy Index, there are over 5,000 companies that offer such services. These sharing economy companies generate billions of dollars in revenue each year.
So why not get a slice of the pie? Rent your extra bedroom on Airbnb, drive for Uber a few hours a week, or pick up tasks on TaskRabbit to make some extra dough.
Use our sharing economy income calculator to find out how much you could be making.
Monetize Your Hobby
One of the best ways to capitalize on your spare time is to monetize an activity you already regularly participate in.
Oh, you’re a salsa dancer? Perfect! You can teach that on TakeLessons!
Writers, photographers, and those interested in graphic design can do this easily. If you like to write, explore the writing gig listings on Upwork.
You might just find you like this kind of work so much that you make your hobby your full-time job!
Pick Up Gigs Around Your Neighborhood
Put your ear to the ground, and you’re likely to find a lot of people willing to pay for pretty easy tasks in your very own neighborhood.
Yard work, dog walking, and babysitting are some of the most common gigs.
It’s particularly effective to find these jobs by letting people you already know that you’re interested in doing them. They’ll tell their friends, their friends will tell their friends, and so on.
Get started listing your services on Craigslist, or another local website.
According to The BillFold, some dog walkers make as much as $120,000 a year. If you’re just walking dogs in your spare time, you can still count on at least $15 an hour per dog (if not a whole lot more) in most cities.
Create a Blog in your Spare Time
Starting your very own blog can pay off big time. Even in the early stages, when you’re not making a lot of money, it can be personally rewarding.
The key is to create your blog about something you’re passionate about. It could be about sports, healthy living, cooking, pop culture, or even breaded cats. No kidding!
Or my personal favorite blog: Selleck Waterfall Sandwich.
mmmmmm….Where were we? Blogs!
Services like WordPress make setting up a simple website easy. And due to the number of people interested in making money with blogging, there is a nearly endless supply of guides and resources available online.
ProBlogger is home to some of the best tips on making money by blogging.
Think you can come up with a better blog than Selleck Waterfall Sandwich?
Know Something Worth Teaching? Try Tutoring
Tutoring is in high demand across the United States. Tutors are needed for all subjects including music, English, science, and more.
There are two main ways to go about tutoring in your spare time. The first is to look for in-person opportunities.
This is where you’d tutor a local student a few times a week on a subject you’re knowledgeable about in person. Craigslist is a good spot to look or advertise for these opportunities.
Your other option is to tutor students online. This is my personal favorite. Websites like
This is usually done via chat or Skype. Now, I know exactly what you’re going to ask next.
The answer is no, you don’t have to wear pants if you’re tutoring over Skype.
Final Thoughts on your Spare Time
There’s no reason why you can’t make a little extra money in your spare time.
No matter how much time or energy you want to commit, there’s an option available for everyone.
Whether or not it involves salsa dancing, Tom Selleck next to a waterfall, or even pants, is entirely up to you.
Stay classy everyone!