How I Find Extra Money to Invest Every Month
- Glenn
- Dec 26, 2020
- 4 min read
Updated: Aug 4
Building wealth isn't just about finding great investments. It's also about consistently finding more money to invest.
That's exactly what I try to do.
While most of my wealth has been built through investing in stocks, none of that would have been possible without having money to invest in the first place. Over the years, I've used several legitimate platforms to earn extra income, which I've then added to my investment portfolio.
My approach is simple:
Earn → Invest → Repeat.
It's not a get rich quick strategy. Instead, it's about consistently increasing the amount you invest and allowing compound interest to work over the long term.
Below are the platforms I personally recommend to earn extra income. They're all free to join, and every extra dollar you earn today is another dollar that can start working for you tomorrow.
1. Earn Extra Income by Playing Games, Testing Apps, and Completing Surveys (Freecash)
One of the platforms I recommend for earning extra income is FreeCash.It offers several ways to make money online, including playing games, testing apps, watching videos, and completing surveys. It's free to join, easy to use, and allows you to earn money in your spare time.
Some of the things I like most about Freecash include:
Completely free to join
Multiple ways to earn money
Fast payouts through PayPal, cryptocurrencies, gift cards, and more
Flexible tasks that fit around your schedule
Even if you only earn a few dollars per day, those small amounts can quickly add up. Investing an extra $100 each month can make a meaningful difference over the long term thanks to the power of compound interest.
2. Earn Extra Income with Flexible Online Tasks (Clickworker)
Another platform I recommend is Clickworker, which allows you to earn money by completing flexible online tasks such as AI training, data collection, surveys, app testing, and other digital microtasks. One of the things I like most is that you can work whenever you have a few spare minutes, making it easy to fit around your daily schedule.
Some of the things I like most about Clickworker include:
Completely free to join
Flexible online work that fits your schedule
AI training, data collection, surveys, and app testing
Weekly payouts through PayPal and other supported payment methods
I personally earned more than $100 per week during my peak use
Tip: After creating your account, I recommend taking the UHRS qualification assessment. It only takes a few minutes and can unlock access to a much wider range of higher-paying tasks.
3. Earn $50–$75 for Sharing Your Opinions (Respondent)
If you're looking for higher-paying opportunities than traditional surveys, I highly recommend Respondent. The platform connects participants with companies, startups, universities, and researchers looking for people to take part in paid interviews and research studies. Most studies require no special qualifications, and many pay significantly more than standard survey websites.
Some of the things I like most about Respondent include:
Completely free to join
Research studies typically pay $50–$75 per session, with some paying considerably more
Most sessions take only 30–60 minutes
Wide range of study topics, including shopping habits, work experience, software, and everyday life
Payments are typically made through PayPal
Completing a detailed profile increases your chances of qualifying for studies
If you don't qualify for a particular study, don't get discouraged. New opportunities are added regularly, and the more complete your profile is, the better your chances of being invited to participate.
Put Your Extra Income to Work
Earning extra income is only the first step. The real magic happens when you consistently invest that money and allow compound interest to work over time.
One of the biggest advantages of investing today is that you don't need thousands of dollars to get started. By choosing a broker that offers fractional investing, you can begin building a diversified portfolio with relatively small amounts of money.
I personally use a platform that supports fractional investing and makes it easy to build a long term portfolio. If you'd like to learn more about the platform I use and why I chose it, I've written a detailed guide explaining my experience.
How I Invest My Money
Once I've earned extra income, I don't spend it. I invest it.
Personally, I focus on building a long term portfolio of high quality companies with durable competitive advantages and strong management teams. I believe these businesses have the potential to compound shareholder value over many years.
If you're new to investing, however, a broad index fund that tracks the S&P 500 can be an excellent place to start. Warren Buffett has often said that most investors are better off investing in a low-cost S&P 500 index fund than trying to pick individual stocks. Two of the most popular ETFs that track the S&P 500 are VOO and SPY.
If you'd prefer to invest alongside an experienced investor rather than building your own portfolio from scratch, you can also copy my portfolio through the investment platform I use. I've written more about the platform, my investing approach, and how portfolio copying works in my guide below.
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