According to a recent survey from Quicken, 43% of respondents with a side hustle stated they were earning more money and working fewer hours than if they had a single full-time job. While side hustles can bring in extra cash, you can also use one to build wealth if you pursue a highly profitable venture.
GOBankingRates listed several side gigs that are particularly good for building wealth since they’re lucrative, don’t cost much to start or maintain, and can be done alongside a full-time job. Here are the five best side gigs for building wealth in 2025.
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Investing in Real Estate
Renting property is one of the best ways to build wealth. Nowadays, there are property management apps that automate almost every process you need to manage rentals yourself, thereby avoiding the costs associated with a property manager. You can start out by renting spaces you already own, such as an extra bedroom or a parking space. This approach can help you build equity over time and reinvest profits into acquiring more properties. -
Managing Short-Term Rentals/Working With Airbnb
If you don’t own any property, you can still profit from short-term rental platforms like Airbnb. You can offer to manage listings for homeowners or provide services related to short-term rentals, such as cleaning or maintenance. Airbnb hosts can earn an average of $44,235 a year, depending on location and type of property. -
Selling Digital Products
Selling digital products is a highly passive side hustle. With startup costs being extremely low, you can create and sell eBooks, online courses, or digital designs. This side gig can generate a substantial income with just a few hours of work each month. -
Open an E-Commerce Store
You can start an e-commerce store on platforms like Etsy or Shopify. Whether you’re selling handmade products or dropshipping, the potential for scaling your business is significant. The average salary for an e-commerce business owner is around $127,973 a year, making it a lucrative option. -
Freelance Work
Freelancing can encompass all the options above since it allows you to provide services based on your skills. Fields like graphic design, coding, and writing are often in high demand, offering excellent earning potential and flexibility in your schedule.
These side gigs can be excellent ways to build wealth in 2025. With dedication and smart management, you can boost your income and secure your financial future.
Source: GOBankingRates
