The Moon Road: #3
Moonlighting, side hustles, extra income and more. Newsletter comes out every Friday.
Misc
Caravan Rentals Become Lucrative Side Hustle in the UK
Caravan Cash: Renting out caravans on Camplify can bring owners £10,000 to £50,000 annually.
Midlands Tops the List: This region is the most profitable for caravan rentals due to its tourist attractions.
Other Top Locations: North West, Meridian, Yorkshire, and East of England are also lucrative.
Side Hustle Statistics: 43% of Britons have a side hustle for extra income (2024 data).
Cleaning restaurant floor for $1000 per night : r/Entrepreneur | Reddit
This guy is using used shipping containers on rented land to start a self-storage business. He started with just two containers and kept growing.
The next video shows several methods of freeloading for money:
Broker Churning
Bank Churning
Credit Card Churning
Magnet Fishing
Freecash
StockPick
Counter-Gambling (the big one)
Dumpster Diving
Flipping
Farming
Focus Groups
Making Money Online is Ridiculously Easy || Freeloader Challenge - YouTube
5 Unusual Ways to Make Extra Money (That Actually Work) | GOBankingRates
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TopCashback.com: Highest Cash Back Guaranteed
Here is the same thing in the UK:
Stuck on your next startup idea? 7 ways to come up with a side project. | X.Com
Why Vending Machines Are an Unexpected, Popular Side Hustle | Entrepreneur
Chasing Passive Income, Americans Turn to Vending Machines - WSJ
Semi-Passive Income Side Hustle on Track for $500k in 2024 | Entrepreneur
6 Must Know Vending Machine Operator Resources : vending | Reddit
How a college student reached $64,000/mo in 6 months by being an AI first mover
Dylan Jahraus, an Etsy seller who made £107k ($134,000) in her first year, shares 3 tips for success on Etsy.
Treat Etsy like a business: Don't just post casually. Research and use proper listing techniques with good photos and descriptions. Promote your listings across social media and other platforms.
Create best seller badge listings: Focus on creating multiple listings that become successful and earn "best seller" badges. Continuously add new listings to target different customer needs and occasions.
Sell what customers want: Don't just sell what you like. Research what people are buying and tailor your products to meet those demands. Be willing to experiment and add new listings based on customer trends.
Investing
Best High-Yield Online Savings Accounts of May 2024
We compared 287 savings accounts at 175 nationally available banks and credit unions to find some of the best high-yield savings accounts available.
Annual percentage yield (APY) was a main factor but not the only factor considered when building our list of the best accounts.
Best High-Yield Savings Accounts Of May 2024: Up To 5.35% – Forbes Advisor
Fractional Stock Investing
8 Best Brokers for Buying Fractional Shares of May 2024
Fractional shares explained: They allow buying a portion (slice) of a company's stock instead of a whole share.
Benefit for investors: Makes expensive stocks (priced in hundreds or more) more accessible to smaller investors.
Example: You can invest $10 in a $100 stock, owning a small portion instead of the entire share.
Overall benefit: Fractional shares make stock investing more accessible and help build more diversified portfolios (investing in a wider range of companies).
Bonus: Zero commission fees are offered by the brokers mentioned in the full text (not included here).
8 Best Brokers for Buying Fractional Shares of May 2024 - NerdWallet
Fractional Real Estate Investing
Groundfloor vs. Fundrise: Which $10 Real Estate Crowdfunding Platform Performs Better?
Groundfloor
Focus: Short-term, high-yield loans (7.5-14% interest) for real estate projects.
Minimum investment: $10
Pros: No investor fees, transparent platform, detailed due diligence on projects.
Cons: Requires investing in multiple loans for diversification (minimum $10 each).
Returns: Average of 10% yearly returns.
Fundrise
Focus: Diversified portfolio of real estate investments (eREITs and pooled funds).
Minimum investment: $10
Pros: Excellent diversification, allows fractional ownership of properties.
Cons: Lower average returns (4.81% historical average).
Returns: Aims to beat S&P 500 Index and public REITs.
Choosing Between Them
If you have $10 to invest monthly: Choose Fundrise for instant diversification.
If you have $100 to invest monthly: Consider Groundfloor (spread across loans) or Fundrise (Auto Investor account).
Groundfloor is better for: Investors seeking higher potential returns and transparency with shorter investment terms.
Fundrise is better for: Investors seeking diversification and a more hands-off approach with potentially lower returns.
Groundfloor vs. Fundrise: Which $10 Real Estate Crowdfunding Platform Performs Better?
This 6% Yielding Dividend Stock Could Pump Up Your Passive-Income Stream | The Motley Fool
Want Decades of Passive Income? 3 Stocks to Buy Now and Hold Forever.