One thing that I think a lot of people want to do is to be able to make money while traveling. Doing this is something that has generally been in the domain of the digital nomad types, typically young people who work online and are able to do their work from anywhere. For the rest of us, the ability to make money while traveling has always been a sort of pipe dream, something that you can’t really do without creating some flourishing online business.
Interestingly enough, however, I’ve found that it actually is possible for most people to make money while traveling – and it doesn’t require you to start a travel blog, either. That isn’t to say you’ll make tons of money in a large scale way, but for sure most people can do things to earn a little bit of money to at least subsidize some of their travel costs. Indeed, over the past few years, that’s exactly what I’ve done.
The strategy I’ve used to earn money while traveling is to take advantage of the flexibility that comes with the sharing economy and gig economy. If used strategically, it’s possible to use these apps to travel, explore new places, and best of all, get paid while you do it. At a minimum, you can at least have some fun along the way.
In today’s post, I’m going to show you exactly how I’ve used the sharing economy and gig economy to make money while traveling and how you can do the same.
Make Money While Traveling
An often-overlooked benefit of the gig economy is the fact that you can generally do these gigs in any city that they operate in. What this means is that not only can you use these apps to side hustle outside of your day job, but you can also use these apps to side hustle in pretty much any city that you’re in, including while you’re traveling.
I’ve done this a lot over the past few years, utilizing a bunch of different apps to earn extra income while I’m traveling. This includes doing food deliveries, walking dogs, charging scooters, and various other smaller gigs – all done while I’m on the road. Not only does this help me subsidize some of my travel costs, but it also provides a way for me to explore a city in a different – and I think an often more interesting – way.
I’ve also combined renting out my house on Airbnb to dramatically increase the amount of money I can make while I’m traveling. This works out particularly well since I’m able to earn money using an asset that would otherwise sit empty while I’m on the road. Most of the time, I’m able to fully cover the cost of any trips simply by renting out my house while I’m gone.
I’ve had some pretty successful money-making trips over the past few years. For example:
- 2017 Big Ten Championship. I traveled to Indianapolis to watch the Big Ten Championship (for free thanks to taking advantage of SoFi Events). My itinerary took me to Chicago, where I needed to wait for about 6 hours until my friend could pick me up on his drive down to Indianapolis. I ended up checking out a bike using Chicago’s Divvy bikeshare system, then spent the day biking around doing Postmates deliveries around the city. As a bonus, it gave me an interesting and fun way to see the city. And I got paid while doing it!
- Super Bowl LII. When the Super Bowl came to Minneapolis in 2018, my wife and I rented out our house and flew to Arizona for the weekend. This allowed us to trade 0-degree weather in Minnesota for 80-degree weather in Arizona. We ended up doing some hiking in Saguaro National Park, which was great after a long winter being trapped inside. Since our rates were so high for the Super Bowl, we ended up literally getting paid to go on our trip.
- 2019 Final Four. I rented out my house on Airbnb for the Final Four, which happened to be the same weekend that I was going to Atlanta for my best friend’s bachelor party. While I was in Atlanta, I showed off a few of my gigs to my buddy, including doing some deliveries on Roadie and Postmates, and walking dogs on Wag. I even walked a dog that literally lived in the same apartment building as my friend.
- Dallas Board Exam Trip. Earlier this year, my wife took her board exams in Dallas. Since I’m now self-employed, I was able to go on this trip with her. While she was busy with her boards, I went around the city delivering food and walking dogs. I probably explored more of the city than I otherwise would have by using these different apps.
The above are just a sampling of my recent trips, but I have many more examples. The main point is that it’s possible for almost anyone to make money while traveling simply by utilizing their phones and the flexibility of the sharing economy and gig economy. Sometimes you’ll just subsidize some of your costs. Other times, it’s possible to fully cover your costs. The great thing is that you get to choose what you want to do.
Websites and Apps You Can Use To Make Money While Traveling
So how can you go about making money while traveling? Below are some of the apps and websites I’ve used over the years.
1. Airbnb
Airbnb is probably the most obvious website you can use in order to make money while you’re traveling. The way I see it, your house is going to be empty while you’re gone. You might as well use it to generate some income for you.
If you’re renting out your entire house, it’s often possible to fully cover the costs of your trip, especially if you’re able to rent out your house during high-demand events. For example, for the Super Bowl, I made $2,500 renting out my house for two nights. I then travel hacked my way to Arizona for those two days, resulting in me literally getting paid to vacation.
I’ve done this with other trips as well. Most of the time, I’ll make around $400 to $600 for renting my house out for a few days while I’m gone. This can go a long way to making travel more affordable.
If you’re not comfortable renting out your entire house, you can also just rent out a single room in your house while you’re traveling. You obviously won’t make as much money compared to renting out your entire house, but it’ll often be easier to get your spare room booked and it’s a lot easier to prepare for a single guest compared to cleaning and preparing your entire house.
2. DoorDash and Uber Eats
Food deliveries are probably the most common way I’ve made money while traveling. Most people don’t realize it, but all of the major food delivery apps allow you to do deliveries in any city that they operate in. Over the years, I’ve delivered food for DoorDash and Uber Eats in almost every major U.S. city that I’ve visited.
If you’re wondering how to do these deliveries, I find the best way is to sign up to do deliveries on a bike. Most cities have a bikeshare system and you can usually get a 24-hour pass for $8 to $15. That’s a pretty affordable way to use a bike for a day, and it’s not hard to make your money back doing deliveries with a bike. And as a bonus, you get to bike around and explore a new city, while getting paid to do it.
Related: The Ultimate Mustachian Side Hustle: Delivering Food On Your Bike With Gig Economy Apps; Can I DoorDash In Another State?
3. Wag
Wag is another app that you can use and it’s actually one of my favorite ways to earn money while traveling. Dog walking is a pretty ideal way to explore a city like a local since you’re able to walk dogs in places that people actually live. I’ve found so many walking paths and trails that I might not have found if I wasn’t doing Wag.
Wag also works out really well for travelers since you don’t even need to rent a bike or use any resources besides public transit and your own feet. I’ve done Wag walks in almost every major city that I’ve been in and it’s still one of the primary things I’ll do when I’m traveling and looking to explore. If you’re in a big city, you can typically find a few Wag walks without too much problem.
I wrote a very in-depth post about how Wag works, which you should definitely check out.
4. Bird and Lime
Charging electric scooters with Bird and Lime is another overlooked strategy that you can use to make money while you travel. And as a bonus, you can also use your scooter charging side hustle as a way to scoot around a city for free. When I was in DC for FinCon, I charged a few scooters, but my main reason for charging was just so that I could ride them to the conference for free.
There can be some challenges that come with charging scooters. First, you need to remember to bring your chargers with you, which is something that is easy to forget. Second, it might be hard to charge scooters depending on where you’re staying. Hotels will most likely hassle you if you try to bring a scooter up to your room. If you’re staying at a friend’s house or maybe in an Airbnb, then it might be easier. I’ll typically charge scooters in friend’s houses if they’ll let me do it. I’ve never tried charging scooters in a hotel just because I don’t want to get yelled at.
Related: Bird Charge and Lime Juicer – Side Hustling As An Electric Scooter Charger
5. Instacart and Shipt
I’ve never actually done deliveries with Instacart or Shipt outside of my own city, but I do know that it’s possible to get orders while you’re traveling. Instacart has on-demand deliveries where you can accept orders similar to how you’d accept orders from any other delivery app. When I was in New York recently, I actually saw an on-demand delivery that would have been pretty good to do – it was only going a few blocks and paid really well. I didn’t end up having time to do it, but it’s something to consider depending on what you like to do.
You can do the same thing with Shipt also. The app has a setting that lets you change the area you’re working in, which means that you can do Shipt deliveries in any city that they operate in. Like Instacart, this could work out well depending on where you are and what you’re doing.
Related: Shipt Shopper App: My Grocery Delivery Side Hustle
6. Job Spotter
Job Spotter is another app that I regularly use while I’m traveling. Of all the apps I use, this one is probably one of the easiest apps to integrate into your travels. The app works by paying you to take pictures of hiring signs. This works out really well when you consider that when most of us are traveling, we’re typically visiting commercial areas that are likely to have a lot of hiring signs.
A great example of someone who has done this is my friend Michelle from Frugality and Freedom. She travels a lot and has used Job Spotter with great success, allowing her to earn pretty significant income while she’s exploring a new city.
I wrote a very in-depth post about Job Spotter, so be sure to check that out for more information about how the app works.
7. Secret Shopper Websites
This isn’t so much a way to make money as it is a way to reduce your food expenses while you’re traveling. One of the hacks I’ve done to reduce my food expenses is to take advantage of secret shopper apps and websites. These apps and websites have allowed me to eat for free at a lot of restaurants in exchange for evaluating my experience at the restaurant.
These secret shop gigs are available in most major cities, so it’s possible to pick up a secret shop while you’re traveling. As an example, while I was at FinCon earlier this year, I snagged a secret shop for a burger restaurant just down the street from my conference. The meal reimbursed up to $60 of food expenses, which meant that I was able to eat a pretty nice dinner for free.
To learn more, check out my post on how I hack my food budget with restaurant secret shopper apps.
8. GigWalk, EasyShift, Field Agent, Observa, and Merchandiser
These apps involve auditing different businesses by visiting the business and taking pictures of certain things in the store. These gigs are available throughout the country, which means it’s possible to incorporate some of these apps into your traveling.
Typically when I’m traveling, I’ll open up these five apps and see if there are any easy gigs that are near me. A fair warning: you won’t make a lot of money from these apps, but they can be really easy to do depending on where you are. When I was in Dallas, for example, I was able to make $14 just taking pictures of soda machines at restaurants within blocks from where I was staying. If you get easy ones like this, then they’re worth doing.
9. Roadie
Roadie is a delivery app that you can usually do in different cities. Customers list items that they want to be delivered somewhere and if you want to do the delivery, you can pick it up through the app. This app isn’t big in all cities, but it can be useful in certain cities.
One interesting thing is that Roadie has partnered with a lot of airlines to deliver lost bags. If the timing is right, it’s possible to grab a bag while you’re at the airport and then deliver it along the way to wherever you’re going. I’ve done this a few times while I’ve been traveling, making a few bucks in the process.
10. TaskRabbit
TaskRabbit is another way you can earn money while traveling, although I haven’t personally done it myself yet while I’m on the road. The app lets you set your work area, so when you’re traveling, you can set your work area for wherever you happen to be. If anything good comes up, you can grab the gig and make a few bucks.
11. Turo
One of the best ways to make money while traveling is to earn income off the things that you’re not using when you’re on the road. Renting out your house on Airbnb, for example, works out well because your house would otherwise sit empty.
You can do the same thing with your car by using Turo and renting out your car when you’re not around. I’ve only used Turo as a customer, so I can’t say what it’s like from the car owner perspective, but it’s an option you might consider trying if you’re comfortable with it. If you’ve ever rented out your car on Turo, let me know how it went.
Benefits Of Using The Sharing Economy And Gig Economy While You Travel
I’m always extolling the benefits of the sharing economy and gig economy, as I think they have a lot of interesting use cases depending on how you travel.
This has been mentioned a bit in the previous section, but to make it clear, here are a few reasons, monetary and otherwise, as to why you should consider using sharing economy and gig economy apps to make money while traveling.
1. Subsidize Your Travel Costs. The most obvious benefit of using these apps to make money while traveling is that you can subsidize at least some of your travel costs by using them. If you do bigger things, like renting out your house on Airbnb, you can often fully cover the costs of your travel. But even doing smaller things like delivering food or walking dogs can at least cover a meal or pay for tickets to a museum. Even if it’s small, it’s still something.
2. Explore The City Like A Local. One of the non-monetary benefits of using the gig economy while you travel is that you can use these apps as a way to explore places you otherwise might not visit. It’s often easy to get sucked into touristy places when you visit new cities, and while that’s fine to do, I personally prefer exploring cities like a local.
When you think about it, doing things like walking dogs or delivering food is a great way to explore parts of a city where locals live. You’ll see things you didn’t know were there, explore different neighborhoods that you otherwise might not have visited, and find new businesses that are more off the beaten path. And you’re literally getting paid while you’re exploring.
3. Get Paid For Things You’re Already Doing. If you’re traveling, you’re probably already doing a lot of walking around and exploring as it is. Gig economy apps can be the perfect complement to your travels.
When I’m traveling, I’ll often turn on different apps to see if there are any gigs I can do that are going to places that I’m already going to. Apps like Job Spotter work out really well too since you can use them to snap pictures of hiring signs in places that you’re already in. If you’re going to be exploring, you might as well see if there are things you can do to get paid while you do it.
4. These Gigs Can Be Fun. I’ve mentioned this before, but a lot of the reason I do these side hustles isn’t about the money, but rather that I just find them fun to do. In a way, it turns my life into a sort of game where I’m given a little mission and then I go out and complete it. It might be weird to have fun doing these types of tasks, but I bet a lot of you reading this might find this stuff fun to do also.
Other Strategies To Make Money While Traveling
Travel Hacking. I started travel hacking back in 2017, and since then, I haven’t had to pay for any of my flights. There’s a lot that goes into travel hacking – far more than I can cover in this short section – but it’s a strategy you can use to decrease your travel costs dramatically.
Over the years, I’ve earned millions of points and miles by strategically opening up new credit cards every few months. All of these points have allowed me to travel for free (or almost free), which only helps to increase the income I make from doing things like renting out my house on Airbnb while I travel.
Bank Account Bonuses. Getting bank account bonuses is a little known strategy that you can use to generate significant income while you’re traveling. I wrote the Ultimate Guide to Bank Account Bonuses in an earlier post, so be sure to read that post to understand how bank account bonuses work. The general idea is that banks will usually pay you money to open new bank accounts with them.
Most of the time, you’ll open these bank accounts online, but there are also a lot of banks in different cities that you won’t be able to open online if you don’t live in that city. However, a lot of these banks will let you open them if you visit the branch and open an account in person, even if you have an out-of-state address.
When I was in Chicago recently, I did exactly that. I was staying in the downtown area, so I decided to visit two banks that I knew were offering big sign up bonuses. It took me about 20 minutes to open each account and I didn’t have any trouble opening them with my out-of-state drivers’ license and address. After it’s all said and done, I’ll make $700 once I meet the requirements for the bonuses. That’s pretty incredible – and all for an hour of my time or less. Now when I’m traveling, I’ll definitely be on the lookout for easy bank account bonuses that I can grab.
Takeaways
There are a lot of ways you can make money while traveling and this article provides some of the strategies and tactics I’ve used over the years. There are a lot more ways to make money, of course (for example, by freelancing or doing things like teaching English online). The stuff I do here, I think, are things that anyone can do, even without any experience.
Over the last few years, I’ve done tons of stuff to make money while traveling. And since I’ve also become really big on travel hacking, I basically haven’t paid for a flight in over two years, which makes travel even more affordable for me.
Side hustling has a lot of benefits. And with technology the way it is today, it’s possible to side hustle from basically anywhere. It’s a big world out there. Don’t be afraid to get exploring.
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More Recommended Ebike/Scooters
Check out these other ebikes and scooters I've reviewed:
- Urban Arrow Ebike – Last year, I made one of the largest purchases I’ve ever made – I bought a $9,000 electric cargo bike from Urban Arrow. In my Urban Arrow review, I will discuss what it is and why I decided to buy this bike, as well as discuss how impactful a bike like this can be on your journey to financial independence.
- Troxus Explorer Step-Thru Ebike – The Troxus Explorer Step-Thru is a fat-tire ebike that I’ve had the pleasure of riding for a while now. It has amazing power, great looks, and awesome range. If you’re looking for a great fat-tire ebike that offers a lot for the price, the Troxus Explorer Step-Thru is definitely one for you to consider. Check out my Troxus Explorer Step-Thru Review.
- Hovsco HovBeta Ebike – The HovBeta is a folding ebike with great specs and a lot of interesting features, and importantly, it’s sold at a good price point. I’ve had a blast commuting with it and using it to do deliveries with DoorDash, Uber Eats, and Grubhub. Check out my Hovsco HovBeta Ebike Review.
- Vanpowers Manidae Ebike – The Vanpowers Manidae is a fat tire ebike that I’ve been riding as my primary winter commuting bike and have also been using it to do food delivery with apps like DoorDash, Uber Eats, and Grubhub. After clocking in a decent number of miles with this ebike, I wanted to write a post sharing what my experience with the Vanpowers Manidae ebike has been like. Check out my Vanpowers Manidae Review.
- Sohamo S3 Step-Thru Folding EBike Review – A Great Value Folding Ebike – The Sohamo S3 Step-Thru Folding Ebike is an entry-level folding ebike that offers a lot of value for the price point. I’ve been riding the Sohamo S3 for a while now, putting the bike through its paces, and I have to say, this bike has exceeded all of my expectations. Check out my Sohamo Review.
- KBO Flip Ebike – The KBO Flip is an excellent bike. I’ve had a great time riding it and think it’s a versatile bike that can be used for a lot of purposes and can fit a variety of lifestyles. It’s worked out great for me as a general commuter bike and as a food delivery bike. Check out my KBO Flip Review.
- Hiboy P7 Commuter Ebike – The Hiboy P7 is an excellent electric commuter bike that’s offered at an affordable price point. The range and speed of this bike are both very good, so you won’t have any trouble getting anywhere you need to go with it. As a food delivery vehicle, this is also good – with how much range it offers, you’ll be able to work all day on a single charge. Check out my Hiboy P7 Commuter Electric Bike Review.
- Himiway Escape Ebike – The Himiway Escape is an interesting bike for anyone looking for a moped-style ebike. If you’re a gig economy worker, the Himiway Escape is particularly interesting and it’s possible to think of it as an investment, especially if you can opt to do deliveries with the Himiway versus using a car. It’s not cheap, but you can definitely make your money back when you compare the mileage you’ll put on your car versus using an ebike. Check out my Himiway Escape Bike Review.
- Espin Sport Ebike – The Espin Sport is a good ebike for someone who is looking for an ebike that feels and rides more like a regular bike. There are many ebikes that are really only bikes in name. In reality, they’re basically electric mopeds. The Espin Sport, by contrast, is a bike you could probably ride without the battery and you’d feel like you’re just riding a regular bike. Check out my Espin Sport Review.
- Varla Eagle One Scooter – The Varla Eagle One is an excellent scooter that can make sense for a lot of people. It can work as a primary mode of transportation. You can use it to work on gig economy apps like DoorDash, Uber Eats, and Grubhub. And it can also be a recreational vehicle if you’d prefer to use it for that. Check out my Varla Eagle One Review.
- Varla Falcon Scooter – The Varla Falcon is an excellent scooter that offers a good amount of power at a lower price point compared to more powerful scooters. It’s not exactly an entry-level scooter, nor is it a high-powered scooter. I think it fits somewhere in-between those two categories – an intermediate scooter if I had to give it a category. Check out my Varla Falcon Review.
- Hiboy S2 Scooter – The Hiboy S2 is an excellent entry-level commuter scooter that's perfect for someone looking to save some money in transportation costs and improve their commute. Check out my Hiboy S2 Review.
- Hiboy S2R Scooter – The Hiboy S2R is one of the more interesting electric scooters I’ve been able to test out. It’s not a high-powered scooter, but for an everyday transport option, it’s very useful, especially given some of the unique features that it has. Indeed, for the price, the Hiboy S2R might be the best value scooter I’ve used. Check out my Hiboy S2R Review.
- Fucare H3 Scooter – The Fucare H3 is a fun scooter and I’ve enjoyed testing it out. For a daily commuter or quick trips or errands, the Fucare H3 is probably the scooter I’ll use. It’s portable and easy to maneuver, so it’s just easier to take on the road when I need it. Check out my Fucare H3 Scooter Review.
More Recommended Investing App Bonuses
For additional investing app bonuses, be sure to check out the ones below:
- M1 Finance ($100) – This is a great robo-advisor that has no fees and allows you to create a customized portfolio based on your risk tolerance. You also get $100 for opening an account. Check out my M1 Finance Referral Bonus – Step-By-Step Guide.
- SoFi Invest ($25) – SoFi Invest is an easy brokerage account bonus that you can earn with just a few minutes of work. Use my SoFi Invest referral link, fund your SoFi Invest brokerage account with just $10 and you’ll get $25 of free stock. I also have a step-by-step guide for the SoFi Invest referral bonus.
- Webull (20 free stock shares) – Webull's current promotion gives you 20 free shares valued between $3-$3,000 each if you open an account using my referral link. Here’s a guide I wrote about how to earn your free shares using Webull.
- Moomoo (15 free stocks) – Moomoo is a free investing app currently offering 2 different referral bonuses if you open an account using a referral link. Read my Moomoo referral bonus guide for more information.
- Robinhood (1 free stock) – Robinhood gives you a free stock valued between $2.50-$225 if you open an account using my referral link.
- Public (1 free stock) - Public gives you a free stock valued between $3-$70 if you open an account using my referral link.
More Recommended Bank Account Bonuses
If you’re looking for more easy bank bonuses, check out the below options. These bonuses are all easy to earn and have no fees or minimum balance requirements to worry about.
- Upgrade ($200) – Upgrade is a free checking account that’s currently offering a $200 referral bonus if you open an account and complete a direct deposit. These bonus terms are easy to meet, so it’s well worth doing this bonus as soon as you can. Here’s a post I wrote with more details: Upgrade $200 Referral Bonus – Step By Step Directions.
- Ally Bank ($100) – Of all the banks out there, Ally is, without a doubt, my favorite. At the moment, Ally is offering $100 to customers who open an eligible Ally account and meet the requirements. Here are the step-by-step directions to earn your Ally Bank referral bonus.
- Fairwinds Credit Union ($175) – Fairwinds Credit Union is offering a referral bonus for users that sign up using a referral link. Fairwinds has no fees or minimum balance, so this is a particularly easy bonus to earn. Since this is a smaller credit union, my gut instinct tells me this offer won’t be around long, so if you’re in a position to meet the bonus requirements, grab this bonus before it’s gone. Here is my step-by-step guide on how to earn your Fairwinds Credit Union bonus.
- Chime ($100) - Chime is a free bank account that offers a referral bonus if you use a referral link and complete a direct deposit of $200 or more. In practice, any ACH transfer into this account triggers the bonus. This bonus is easy to earn and posts instantly, so you’ll know if you met the requirements as soon as you move money into the account. I wrote a step-by-step guide on how to earn your Chime referral bonus that I recommend you check out.
- US Bank Business ($800) – This is a fairly easy bank bonus to earn, since there are no direct deposit requirements. In addition, you can open the Silver Business Checking account, which comes with no monthly fees. Check out how to earn this big bonus here.
- Fifth Third Bank ($200) – This offer is limited to customers in the following states: Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, Tennessee, West Virginia, and South Carolina. If you don’t live in one of those states, you won’t be able to open an account online but you can still open an account in-branch if you happen to be visiting a city that has a branch. This is a fairly easy bank bonus to earn, especially since there are plenty of data points showing what will trigger the direct deposit requirement. In addition, you can open the Fifth Third Momentum Checking bank account, which comes with no monthly fees or minimum balance requirements. Read my guide on this bonus here.
- GO2Bank ($50) - GO2Bank is an easy bank bonus that I recommend people take advantage of if they have an easy way of meeting the direct deposit requirement. I like that it’s easy to open the account and that the bonus pays out quickly. Check out my step-by-step guide on how to earn your GO2Bank $50 referral bonus.
- Current ($50) – Current is a free fintech bank that’s offering new users a $50 referral bonus after signing up for an account using a referral link. Current is an easy bonus to earn and also gives you access to three savings accounts that pay you 4% interest on up to $2,000. That means you can put away up to $6,000 earning 4% interest. That’s very good and makes Current an account I recommend to everyone. Check out my step-by-step guide on how to earn your Current Bank bonus.
- Novo Bank ($40) - Novo bank is a free business checking account that’s currently offering a $40 bonus if you open a Novo business checking account using a referral link. In addition to being a good bank bonus, Novo is also a good business checking account. It has no monthly fees or minimum balance requirements and operates a good app and website. Indeed, it’s the business checking account I currently use for this blog. Check out my post on how to easily open a Novo account.
- Varo ($25) – Varo is a free fintech banking app similar to Chime or Current. It’s currently offering a $25 bonus to new users that open a new Varo account with a referral link. The bonus for this bank is very easy to meet, all you need to do is spend $20 within 30 days of opening your Varo account. Check out my step-by-step guide to learn how to earn this bonus.
Kevin is an attorney and the blogger behind Financial Panther, a blog about personal finance, travel hacking, and side hustling using the gig economy. He paid off $87,000 worth of student loans in just 2.5 years by choosing not to live like a big shot lawyer.
Kevin is passionate about earning money using the gig economy and you can see all the ways he makes extra income every month in his side hustle reports.
Kevin is also big on using the latest fintech apps to improve his finances. Some of Kevin's favorite fintech apps include:
- SoFi Money. A really good checking account with absolutely no fees. You'll get a $25 referral bonus if you open a SoFi Money account with a referral link, and an additional $300 if you complete a direct deposit.
- 5% Savings Accounts. I'm currently getting 5.24% interest on my savings through a company called Raisin. Opening a Raisin account takes minutes to complete, it's free, and all of your funds are FDIC-insured. I explain how it works, why I'm now using it to store my emergency fund and any other cash savings I have, and why I recommend everyone check it out in this review.
- US Bank Business. US Bank is currently offering new business customers a $800 signup bonus after opening a new account and meeting certain requirements.
- M1 Finance. This is a great robo-advisor that has no fees and allows you to create a customized portfolio based on your risk tolerance. You also get $100 for opening an account.
- Empower. One of best free apps you can use to monitor your portfolio and track your net worth. This is one of the apps I use to track my financial accounts.
Feel free to send Kevin a message here.
I have been reading your posts for months now and find them to be extremely helpful. Until now, I thought you just rented out a spare room. Now I realize that you also rent out your house while you are away. How do you do this? Is your bedroom also rented out or is that off limits? Do you have a post on how you manage this? Perhaps not all have the personality to rent out their personal space.
Thanks
Good question. I haven’t written a specific post about this, but it’s something I should probably do. I have two listings I’ve created – one for my whole house and one for just a room in my house. People who book an entire house tend to book farther in advance, so it works out well because if someone books my house for a weekend, my wife and I pack up our stuff and go on a trip somewhere.
I rent out my entire house and then I put all my valuables in a storage room in my basement that I keep locked and that has a security camera in it (just in case). I leave my clothes and stuff in the closet and everything, since I’m not really too worried about someone stealing my clothes.
I rent out my house far less often than the room in my house, but so far, I’ve never had an issue and everyone has treated my house with respect. And it’s very lucrative because any weekend I rent out my house is usually worth $450 to $500.
Love these ideas! I hadn’t thought about earning money while traveling, since I generally travel overseas, but these are great options for when I’m not traveling abroad. Thanks!
Yep. For domestic travel this is a strategy you can use. Luckily, we live in a big country, so lots of different places to visit!