To some, investing with little money can seem like a waste of time. But, that couldn&rsquo;t be further from the truth. Starting small is actually extremely beneficial, for three main reasons:
<ol>
<li style="font-weight: 400;" aria-level="1">Consistency. No matter how much money you have to invest, the simple habit of putting money aside each month is a key one to build.</li>
<li style="font-weight: 400;" aria-level="1">There&rsquo;s less to lose. If you&rsquo;re a beginner investor, you&rsquo;re bound to make mistakes. Starting small means those mistakes will cost you less while still teaching you extremely valuable lessons.</li>
<li style="font-weight: 400;" aria-level="1">Compound interest. The longer you keep your cash invested (even if it&rsquo;s not much), the more times it can multiply itself.&nbsp;</li>
</ol>
In the end, learning how to invest with a small amount of money will save you money in the short term and make you a better investor in the long term.
That said, don&rsquo;t start investing just yet! 
<h2>5 Things to Do Before You Start Investing</h2>
Although investing is a great and exciting way to grow your wealth, there are a handful of things you should do before investing a single dime.&nbsp;
<h2>1. Calculate your net worth</h2>
This is super easy to do. Grab a piece of paper or load up a fresh spreadsheet and list out two things:&nbsp;
<ol>
<li style="font-weight: 400;" aria-level="1">Your assets (e.g. cash, savings, investments, car, home equity, etc.); and&nbsp;</li>
<li style="font-weight: 400;" aria-level="1">Your liabilities (e.g. credit card debt, mortgage, car loan, etc.).&nbsp;</li>
</ol>
Once you&rsquo;ve done that, add up the total value of all of your assets, and then subtract that number by the total value of all your liabilities.
Congrats! You&rsquo;ve just calculated your net worth, which gives you a nice overview of your financial situation. It also gives you a good starting point for your investing journey.&nbsp;
<h2>2. Pay off high interest debt</h2>
If after calculating your net worth you notice that you have a lot of high-interest debt on the liabilities side of things, paying those debts off should be your top priority before you start investing.
Why? Well, think about it this way:
Paying off a piece of debt with a 10% annual interest rate essentially gives you a guaranteed 10% return on your money. While it&rsquo;s not impossible to match or beat that sort of rate through investing, it&rsquo;s definitely not guaranteed.&nbsp;
So, if you have any debts with interest rates above 5%, it&rsquo;s a good idea to put your extra cash flow into paying those off before you start investing.&nbsp;
<h2>3. Build an emergency fund to $1,000</h2>
By building a $1,000 emergency fund, you&rsquo;ll be able to cover things like car repairs and other small emergencies without having to take on debt or dip into your investments early.
Keep in mind: $1,000 won&rsquo;t cover a lot. Most experts recommend having a fund that can cover 3-6 months worth of expenses in case of job loss and other larger emergencies.&nbsp;
For that reason, once you hit $1,000, you should continue to add money to your fund while you invest. For example, if you have $500 extra each month, you could invest $250 while putting $250 into your emergency fund. That way, you&rsquo;ll be taking advantage of the power of compound interest while preparing for emergencies at the same time.&nbsp;
<h2>4. Check if your employer offers 401(k) matching</h2>
If they do, max it out! 401(k) matching is essentially free money.&nbsp;
Here&rsquo;s an example of how it works:
Let&rsquo;s say your company offers a 100% match on your 401(k) deposits, up to 5% of your salary. That would mean if you make $50,000/year, you could deposit $2,500 into your 401(k) and your employer would match it with their own $2,500.&nbsp;
Of course, the rules will be different at every company. Your employer might only match 50% of your deposits, or you might not have 401(k) matching at all. Be sure to check with your employer or HR manager to be sure.&nbsp;
As a bonus, contributing to a 401(k) also lowers your taxable income for the year, so it&rsquo;s a pretty sweet thing to take advantage of.
<h2>5. Determine your strategy and goals</h2>
First off, realize that investing isn&rsquo;t a get rich quick scheme. Any investments that promise fast and massive returns are almost guaranteed to result in the opposite.&nbsp;
As George Soros <a href="https://quotefancy.com/quote/1421955/George-Soros-If-investing-is-entertaining-if-you-re-having-fun-you-re-probably-not-making">once said</a>, &ldquo;If investing is entertaining, if you&rsquo;re having fun, you&rsquo;re probably not making any money. Good investing is boring.&rdquo;&nbsp;
Be in it for the long haul and stay consistent and you&rsquo;ll guarantee yourself a nice financial future, even if you only have a little money to invest.
Take <a href="https://www.cnbc.com/2016/08/29/janitor-secretly-amassed-an-8-million-fortune.html">Ronald Read&rsquo;s story</a> as an example. As a janitor, he wasn&rsquo;t receiving a huge paycheck, but by the time he passed away he had amassed over $8 million. His strategy? Saving as much money as he could and investing with a long-term mindset in companies he believed in.
Before you start investing, consider why you&rsquo;re investing in the first place. Think about your goals. Once you know what you want to achieve, it&rsquo;ll be easier to figure out which investments below suit you best. 
<h2>9 Easy Ways to Invest With Little Money</h2>
<h2>1. Open a high-yield savings account</h2>
A savings account isn&rsquo;t exactly an investment, but if you&rsquo;re just getting started, simply building the habit of putting a part of your paycheck away each month is the first big step you need to take.&nbsp;&nbsp;
Once you&rsquo;re comfortable with consistently saving your money, investing it will be a natural next step.
Putting your money into a savings account doesn&rsquo;t have to be completely fruitless either. Be sure to look around for a high-yield savings account with no monthly fees in order to max out your returns.&nbsp;
If your brick and mortar bank doesn&rsquo;t provide any low-fee high-yield savings accounts, check out online banks like <a href="https://www.ally.com/bank/online-savings-account/">Ally</a>. They have lower operating costs and can therefore offer higher returns on their accounts.&nbsp;
<h2>2. Invest in learning a new skill</h2>
Investing in yourself is probably the greatest investment you can make, especially if you only have a little bit of cash to spare.&nbsp;
To give you an example of why, let&rsquo;s say you have $50 to invest. If you put that money in the stock market with an average annual return rate of 8%, in 10 years you&rsquo;ll have around $107.95. Nice job, you more than doubled your money!
But, don&rsquo;t get too excited just yet...
Let&rsquo;s imagine instead of putting that $50 into stocks, you used it to buy a course on Udemy to learn local SEO. Then, you took the skills you gained from that course, pitched businesses in your area to help them improve their SEO, and charged $250 for your services. This would require much more time and effort than the stock investing route, but the income potential here is much higher.
Also, even if you don&rsquo;t have enough money for a Udemy course, Skillshare subscription, or other paid training program, the internet is filled with free educational resources. For example, if you&rsquo;re interested in learning how to code, Codecademy offers free training and is a great place to start.
Whichever route you decide on, learning a monetizable skill is an investment that will serve you for the rest of your life. 
<h2>3. Invest in a business idea</h2>
If you already have a skill you think you could monetize, use it! Take the little money you have and invest it into starting a business.
For example, if you enjoy cars and you know how to make them look good, you could <a href="https://www.swiftsalary.com/how-to-start-a-mobile-detailing-business/">start a simple mobile detailing business</a>. Just take the skills you already have, invest in some additional supplies, and get started selling your services to family and friends.
As another example, if you have an eye for vintage electronics, high-end fashion, baseball cards, or something else, take a small amount of money to the thrift store or a garage sale and invest in inventory. Flip it for a profit, then rinse and repeat.
Or hey, if you&rsquo;re more of a crafty type, invest in some supplies and make something that you can sell on Etsy. There are so many possibilities!
<h2>4. Get a robo-advisor to invest for you</h2>
If you&rsquo;re a beginner investor and you&rsquo;re looking for an easy, hands off way to start investing, a robo-advisor is a great low cost option.&nbsp;
To get started, all you have to do is sign up for the service of your choosing, answer a few questions related to your financial situation and goals, set up a funding method for your account, and then let the robot do it&rsquo;s thing!
Based on your goals, the robo-advisor will automatically invest your money into a personalized and diversified portfolio, typically consisting of low-cost <a href="https://www.investopedia.com/terms/e/etf.asp">ETFs</a>.&nbsp;
Here are some popular robo-advisors you can look into to learn more:
<ul>
<li style="font-weight: 400;" aria-level="1"><a href="https://www.betterment.com/investing/">Betterment</a></li>
<li style="font-weight: 400;" aria-level="1"><a href="https://www.wealthfront.com/investing">Wealthfront</a></li>
<li style="font-weight: 400;" aria-level="1"><a href="https://www.wealthsimple.com/en-ca/product/invest">Wealthsimple</a></li>
<li style="font-weight: 400;" aria-level="1"><a href="https://www.acorns.com/invest/">Acorns</a></li>
</ul>
Some robo-advisors, like Acorns and Wealthsimple, will even help you build your portfolio through spare change investments. They&rsquo;ll monitor your transactions, round-up your purchases, and then invest the extra automatically (e.g. $1.25 &rarr; $2.00 = $0.75 invested). This is a really neat way to start investing with literal cents!
<h2>5. Build your own stock portfolio commission-free</h2>
If you&rsquo;d rather be more involved in building your portfolio, no problem! These days, opening up a brokerage account and trading stocks is extremely easy and affordable.
For example, with <a href="https://robinhood.com/us/en/">Robinhood</a>, you can start trading stocks commission-free with as little as $1. And with the ability to buy fractional shares of stock, you can invest in almost any company you want -- even if you don&rsquo;t have enough money for a full share. This makes it much easier to diversify your portfolio.
Heads up! While building a portfolio manually is more exciting than having a robo-advisor do it for you, it also leaves more room for error. Be sure to do your homework before deciding on where to invest your hard-earned money!
<h2>6. Buy a slice of real-estate</h2>
Investing in real estate would typically take thousands -- if not hundreds of thousands -- of dollars, so why is it being included on a list of ways to invest with little money?
Well, nowadays, there&rsquo;s this cool thing called real estate crowdfunding.&nbsp;
See, when a company or individual finds an opportunity to invest in real estate, but they don&rsquo;t have enough money to fund the project themselves, they turn to other investors. Those investors pool their money together to fund the project, and then they get a share of the profits generated by the property.&nbsp;
While this still might seem out of reach to small investors, the internet has made things very accessible. For example, on <a href="https://fundrise.com/">Fundrise</a> (one of the most popular platforms for real estate crowdfunding), you can get started with as little as $500.&nbsp;&nbsp;
<h2>7. Own a piece of fine art</h2>
<a href="https://www.masterworks.io/">Masterworks</a> -- similar to Fundrise with real-estate -- utilizes crowdfunding to make it possible for anyone to invest in art from a variety of famous artists like Andy Warhol, Banksy, Kaws, and many more.
Here&rsquo;s how it works:
After the Masterworks team researches and purchases a piece of art that they believe has the best chance of appreciating in price, they securitize it and break it down into individual shares for investors to purchase. These shares can either be held onto until a sale of the painting (which investors must vote on), or they can be sold early to other investors on Masterworks&rsquo; secondary market.
Keep in mind, Masterworks started in 2017, so it&rsquo;s still pretty new. So far, they&rsquo;ve only actually sold one piece, <a href="https://www.masterworks.io/research/post/O0p5MYsza0Y6YcC2Pu6jb">Banksy&rsquo;s &ldquo;Mona Lisa&rdquo;</a>, for an annualized return of 32%. That&rsquo;s an impressive return, but their overall track record is limited.
Still, it&rsquo;s a unique opportunity, and you can get started with no minimum deposit, so it could be an interesting way to diversify your portfolio if you have an eye for art! 
<h2>8. Purchase a bit of cryptocurrency</h2>
Of all the ways to invest with little money, purchasing cryptocurrency may be the most tempting. Hearing that a $100 investment in Bitcoin in 2010 would be worth <a href="https://www.cnbc.com/2021/02/12/how-much-youd-have-today-if-you-invested-100-in-bitcoin-in-2009.html">around $48 million</a> today is enough to get anyone's imagination running wild.
But, don&rsquo;t get too carried away. Bitcoin was -- and still is -- an extremely volatile investment, and it&rsquo;s not 2010 anymore. There&rsquo;s no way to predict what the future of the crypto market will look like.
And, as we mentioned above, getting into an investment with the sole idea of &ldquo;getting rich quick&rdquo; is never a good idea.&nbsp;
That said, if you believe in the underlying technology of Bitcoin and other cryptocurrencies, and you&rsquo;re willing to learn more about them before you invest, they can definitely be a worthy addition to any portfolio.&nbsp;
You can start investing in crypto with very little money as well.
For example, on Coinbase (one of the largest and most popular crypto exchanges), you can start buying cryptocurrencies like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and more, with as little as $2 to start.&nbsp;
Coinbase also has a &ldquo;learn and earn&rdquo; section where you can discover and earn different cryptos while learning about how they work. It&rsquo;s essentially <a href="https://www.swiftsalary.com/how-to-get-free-money/">free money</a>, and it&rsquo;ll expand your knowledge of the market.
If you already have a Robinhood account, you can use that to purchase crypto as well.&nbsp;
<h2>9. Lend some money on Reddit</h2>
The <a href="https://www.reddit.com/r/borrow/">r/borrow subreddit</a> is a peer to peer lending forum that Redditors use to secure short term loans or lend out money for profit.
From an investors standpoint, it&rsquo;s a unique opportunity, but there is a fair bit of risk involved. Loans are unsecured, and even though there are rules in place to prevent scammers, they&rsquo;re not foolproof.
Still, if you&rsquo;re willing to take on the risk, the returns you&rsquo;ll find here can be quite impressive. For example, a small $25 loan on the subreddit might net you $30 within a day or two. That's a quick 20% return on your money (assuming the borrower doesn&rsquo;t default).&nbsp;
<h2>Final Thoughts: Just Start!</h2>
Now that you have some ideas on how to start investing (even with a small amount of cash), don&rsquo;t over complicate things. Get started and learn as you go!
Once you experience the feeling of having your money earn more money for you, you&rsquo;ll be hooked on the idea and it&rsquo;ll get easier and easier to hit your investment goals.&nbsp;
If you&rsquo;re feeling overwhelmed, start with options 1-5 above. They&rsquo;re extremely simple and probably the best choice for beginner investors. Good luck!

How to Invest With Little Money: 9 Way for Beginners

Ok, you just cashed out from Eureka and you have some extra money lying around...now what?
First off, good on you for looking for alternative things to do with your hard-earned cash! Most people already know what they want to do with the extra cash they make: spend it!
While that&rsquo;s the easiest (and typically most enjoyable) option, if you want to grow your wealth, there are some other important things to consider before spending your cash willy-nilly.
<h2>1. Pay Off High-Interest Debt</h2>
This isn&rsquo;t the most exciting option around, but if you have any high-interest debt weighing you down, it&rsquo;s best to get rid of it as soon as possible.
If you&rsquo;re not sure what classifies as &ldquo;high-interest,&rdquo; anything with an annual interest rate above 5% should be a top priority to pay off. Typically, credit cards are the most common sources of high-interest debt for most people.&nbsp;
While it may seem pointless putting an extra $10 toward a large debt, you might be surprised at how much of a difference even a small amount of extra money can make in your debt payoff plan.
For example, let&rsquo;s say you have $1,000 in credit card debt at an annual interest rate of 20%. If you pay off the debt $100/month at a time, it&rsquo;ll take you about a year to pay off and you&rsquo;ll end up paying around $103 in interest.
On the flip side, if you pay $110/month instead -- just an extra $10/month -- it&rsquo;ll take you 2 months less to pay off your debt and you&rsquo;ll save $10 in interest payments. Not too shabby!
If you have multiple high-interest loans to pay off, there are two popular strategies you can follow:
<h3>Debt Snowball</h3>
This strategy involves paying off the smallest debt first, without worrying about interest rates.&nbsp;
For example, if you have two credit cards -- credit card A and credit card B -- and credit card A has a $1,000 balance while credit card B has a $5,000 balance, you&rsquo;d put all your extra money into paying off credit card A first, while making the minimum payment on credit card B.
The idea behind this method is that paying off the smallest debt first is easier and more motivating.
<h3>Debt Avalanche&nbsp;</h3>
This strategy involves paying off the highest interest rate debt first.
For example, continuing from the above, if credit card A&rsquo;s interest rate was 15% and credit card B&rsquo;s interest rate was 20%, you&rsquo;d put all your extra money into credit card B first, while making the minimum payment on credit card A.
This strategy follows a more mathematical approach; it&rsquo;s typically faster and will help you save more money on interest payments in the long run.
<h2>2. Build Your Emergency Fund</h2>
This option is, again, not that exciting, but it can be a real lifesaver (and money saver).&nbsp;
An emergency fund is a sum of money set aside strictly for emergencies like job loss, medical bills, car repairs, vet bills, and similar.
Things like last minute birthday gifts, on the other hand, should not be funded with your emergency money.&nbsp;
In other words:
If it&rsquo;s not absolutely essential or life-threatening, you shouldn&rsquo;t use your emergency fund for it. That way, when a real emergency does arise, you&rsquo;ll already have the cash on hand to cover it without needing to resort to credit cards or other high-interest loans.&nbsp;
To start your emergency fund, make it a goal to save up $500-$1,000. This isn&rsquo;t a lot, but it will cover small emergencies. Over time, expand your fund to be able to cover 3-6 months worth of essential living expenses. That way, you&rsquo;re covered for bigger emergencies like job loss.
For storage, try to keep your emergency fund separate from your regular savings account so that you don&rsquo;t accidentally dip into it -- but make sure it&rsquo;s still easily accessible. A high-interest online savings account can be a good choice for this.
<h2>3. Set Cash Aside for Irregular Expenses</h2>
In addition to setting money aside for emergencies, you should also consistently set money aside each month for irregular expenses like:
<ul>
<li style="font-weight: 400;" aria-level="1">Gift-giving (e.g. birthday gifts, Christmas, etc.)</li>
<li style="font-weight: 400;" aria-level="1">Hair cuts</li>
<li style="font-weight: 400;" aria-level="1">New clothes</li>
<li style="font-weight: 400;" aria-level="1">Quarterly or yearly subscriptions; and more</li>
</ul>
These expenses aren&rsquo;t exactly emergencies, but they are things that you&rsquo;ll most likely need money for throughout the year. By making it a habit to set aside a small amount each month for them, you won&rsquo;t have to worry about taking on debt to fund them when they do come around.
Similar to your emergency fund, it&rsquo;s a good idea to keep the money you save for irregular expenses separate from your main savings account.
<h2>4. Invest In Your Favorite Stocks</h2>
You might only be cashing out $10 from Eureka, but that doesn&rsquo;t mean you can&rsquo;t use that money to invest in big companies like Apple, Google, Tesla, or Disney!&nbsp;
With <a href="https://robinhood.com/us/en/">Robinhood</a>, you can buy fractional shares of stocks, meaning you can invest in almost any company you want with as little as $1.
<h2>5. Fund Another Side Hustle/Business</h2>
If you want to reinvest your extra cash but you&rsquo;re not interested in trading stocks, why not fund another side hustle or business endeavor?&nbsp;
$10 might not seem like enough to reinvest into anything worthwhile, but you&rsquo;d be surprised. Take that money to a thrift shop or garage sale and you could end up turning it into $100 or more if you have a good eye for underpriced goods.&nbsp;
For example, take a look at <a href="https://www.reddit.com/r/Flipping/comments/3r7k1j/what_is_your_best_flip_of_1_item/">this Reddit thread</a> of people sharing super profitable $1 flips. One user found an old &ldquo;Teaching With Calvin and Hobbes&rdquo; textbook for $0.50 and flipped it for $1,100!
Finding extremely profitable flips like this isn&rsquo;t a common occurrence, but turning your $10 into $15-$20, and then repeating the process over and over, is definitely a possibility.
<h2>6. Donate It</h2>
If you&rsquo;re feeling generous and you don&rsquo;t need the cash urgently, why not donate it to a cause that you support? This is a great way to use your extra money to make a difference in the world, and it&rsquo;ll make you feel good, too.
As a small bonus, any charitable donations you make throughout the year are tax deductible.&nbsp;
<h2>7. Treat Yourself</h2>
If you&rsquo;re debt free, already have an emergency fund and savings in place, and you&rsquo;re consistently investing a portion of your income, don&rsquo;t hesitate to use your extra money to treat yourself every once in a while! You&rsquo;ve earned it.
Don&rsquo;t have anything you want right at this moment? Set the money aside for a future vacation, a new gadget, or some other big purchase. This is a great way to get used to setting (and hitting) large financial goals.
<h2>Final Thoughts</h2>
While a bit of &ldquo;extra&rdquo; money here and there might not seem very significant, over time, it adds up! Be sure to use it productively and you&rsquo;ll not only create a better financial future for yourself, you&rsquo;ll also build some great habits while you&rsquo;re at it.

What to Do With the Extra Money You Earn From Eureka

Tired of getting disqualified from paid surveys? We feel your pain.&nbsp;
At Eureka, providing a smooth and fun user experience is our top priority, so we don&rsquo;t like disqualifications either.
Fortunately, there are some easy things you can do to qualify for more surveys on average:
<h2>1. Fill out your profile completed and accurately</h2>
Survey sites use the information in your profile to match you with more relevant surveys, so if your profile is lacking information, or the information is inaccurate, you may receive fewer surveys and experience more disqualifications.
It&rsquo;s a bit of a hassle, but try to fill out your profile fully, and be sure to update it over time to keep things accurate.&nbsp;
<h2>2. Take surveys as soon as they become available</h2>
Surveys can only accept a limited number of responses from each demographic they&rsquo;re targeting, so the sooner you get in, the better chance you have of qualifying. Take too long and you could miss out on the survey completely.
<h2>3. Read survey questions carefully</h2>
Occasionally, surveys will use trick questions -- also known as attention checks -- to catch survey participants who aren&rsquo;t fully paying attention.
For example, an attention check might ask something like, &ldquo;What color is the sky?&rdquo; and then say right after to &ldquo;Please select the answer &lsquo;green&rsquo; so that we know you&rsquo;re paying attention.&rdquo;
Most attention checks are even sneakier than that, but you get the point. If you were speeding through the survey trying to make a quick buck, you&rsquo;d most likely not read the entire question and quickly select &lsquo;blue&rsquo; as the color of the sky. That would result in an instant disqualification.
Attention checks can happen at any time -- even right near the end of a survey -- so watch out!
<h2>4. Take your time&nbsp;</h2>
Speaking of speeding through surveys, that&rsquo;s another thing that could get you disqualified. Most survey software these days will track your speed, and if you&rsquo;re answering questions really quickly, you might be automatically flagged as a bot or as someone who isn&rsquo;t putting thought into their answers.&nbsp;
To prevent this from happening, take your time, and, at the least, let survey questions load fully before you select your answer and move on.&nbsp;
<h2>5. Provide honest answers to survey questions&nbsp;</h2>
While it may seem like a good idea to lie in order to qualify for more surveys, this strategy will almost always play out the opposite way you expect it to.&nbsp;
The biggest reason why?
It&rsquo;s almost impossible to know the exact answer(s) a survey is looking for. If you try to game the system by lying, you might actually hurt your chances of qualifying.&nbsp;
On top of that, if your answers aren&rsquo;t consistent throughout an entire survey or they contradict information in your survey profile, you&rsquo;ll most likely get disqualified from the survey you&rsquo;re taking and you might even be banned from the survey platform you&rsquo;re using.
<h2>6. Provide detailed and helpful answers</h2>
Some survey questions require short written responses rather than multiple choice answers. Whenever you come across these types of questions, try to take an extra 30 seconds or so to give a genuinely helpful, 2-3 sentence response.&nbsp;
This will not only help the person conducting the survey get more valuable feedback, it could also get you invited to more surveys in the future.&nbsp;
On the other hand, extremely short or unhelpful responses could do the opposite; they might get you disqualified or even blacklisted from future surveys.
<h2>Bonus Tip: Use Survey Sites That Pay For Disqualifications</h2>
Knowing how to qualify for surveys more often is helpful, but even if you follow the tips above to a tee, you&rsquo;re bound to get disqualified occasionally.&nbsp;
At Eureka, we pay $0.02 for disqualifications as we fully understand how frustrating they can be. It&rsquo;s not a ton, but it&rsquo;s better than nothing (which is what most survey sites pay for DQs).
We&rsquo;re also working to lower disqualification rates across our platform by working directly with companies and brands who want your feedback.&nbsp;
If that sounds like something you&rsquo;d be interested in, <a href="https://eurekasurveys.com/respondents">learn more here.</a>
P.S., paid disqualifications are just one reason why we believe <a href="https://eurekasurveys.com/blog/why-eureka-is-the-best-survey-site-on-the-internet">Eureka is the best survey site on the internet</a>.

How to Qualify for More Surveys

How to Qualify for More Surveys: 6 Simple Tips

In 2021, Statista estimates that there are around <a href="https://www.statista.com/statistics/330695/number-of-smartphone-users-worldwide/">3.8 billion smartphone users worldwide</a>, with the average US user spending <a href="https://www.statista.com/statistics/469983/time-spent-mobile-media-type-usa/#:~:text=Mobile%20media%20usage%20in%20the,minutes%20per%20day%20in%202022.">around 4 hours a day</a> looking at their phone.
The question is, of those 3.8 billion users, how many are using their cell phones to make money?
Probably very few.
Most people either don&rsquo;t know it&rsquo;s possible to make money with mobile apps, or they don&rsquo;t know how to get started.
No worries!
In this guide, we&rsquo;ll break down the top five ways to make money on your phone -- some of which you could start today.
<h2>Top 5 Ways to Make Money With Your Phone</h2>
<h2>1. Take Surveys</h2>
If you&rsquo;ve looked up &ldquo;how to make money on your phone&rdquo; before, or you&rsquo;ve searched the app store for &ldquo;money-making apps,&rdquo; you&rsquo;ve probably come across paid survey apps.&nbsp;
These apps promise to pay you cash for your opinion, and while most of them deliver on this promise, it&rsquo;s almost always a disappointing experience. You sign up with hopes of getting paid for sharing your opinion, only to be faced with frequent disqualifications, bugs, and low pay rates.
At Eureka, we&rsquo;re hoping to change that. By partnering directly with companies who are looking for consumer insights about their brands, products, and services, we&rsquo;re hoping to bring more short, fun, and high-paying surveys to the market -- all while lowering disqualification rates.
You still won&rsquo;t earn a fortune with our surveys, but you can expect an enjoyable experience and some easy cash!
<h2>2. Do Odd Jobs</h2>
Odd job apps are great because they offer a variety of different money-making opportunities -- all of which you can do from your phone.
Some examples of jobs you might find include:
<ul>
<li>Mystery shopping</li>
<li>Babysitting</li>
<li>Tutoring</li>
<li>Furniture assembly</li>
<li>Painting</li>
<li>Organization and cleaning</li>
<li>Moving help</li>
<li>Product testing</li>
<li>And much more!</li>
</ul>
The pay rate for these opportunities will vary depending on the skill required for the task and the app you&rsquo;re tasking on. But just to give you an idea, some taskers doing more intensive work (moving help, cleaning, handyman tasks) are <a href="https://www.reddit.com/r/TaskRabbit/comments/gtd0fr/top_monthly_earnings/">earning $40-$60/hour or more</a>.&nbsp;
For those types of rates, you&rsquo;ll want to sign up for <a href="https://www.taskrabbit.com/become-a-tasker">TaskRabbit</a>. It&rsquo;s one of the largest mobile apps for odd jobs. After signing up, you get to pick the services you want to provide, set your own hourly rates, and TaskRabbit will help you find customers and get paid.
For smaller jobs that don&rsquo;t require as much experience and don&rsquo;t require you to meet directly with clients, try <a href="https://www.fieldagent.net/">Field Agent</a>. It&rsquo;s an app that helps you find small tasks around your city involving mystery shopping, store audits, and product testing. The long-term earning potential here is lower than with TaskRabbit, but the jobs can be fun and they still pay a decent amount.
<h2>3. Download Apps&nbsp;</h2>
It may sound too good to be true, but there really are apps that will pay you just to keep them installed on your phone. The catch is that you&rsquo;ll need to be willing to share some of your data in order to participate.&nbsp;
While this may sound sketchy at first, if you&rsquo;re already sharing a lot of your info online for free, why not get paid for some of it?&nbsp;
You won&rsquo;t be sharing super sensitive information either. Rather than spy on your texts, there are reputable apps out there that will pay you to let them see things like: how often you use your phone, which apps you use, which websites you visit, things like that. They then anonymize and aggregate this data and sell it to companies to help them improve their products and services.
It&rsquo;s still a bit intrusive, but this is one of the easiest (and only) ways to make money on your phone almost entirely passively.&nbsp;
If you&rsquo;re interested and want to learn more, check out the <a href="https://smartapp.io/en-US/">Smart App</a> and <a href="https://computermobilepanel.nielsen.com/">Nielsen Mobile Panel</a>. Both apps will pay you around $5/month to keep them installed.
Another similar opportunity for mobile passive income is to share your internet. Businesses are willing to pay you to essentially access the internet from your phone as it allows them to do location-based research that they couldn&rsquo;t otherwise do.&nbsp;
To learn more, check out <a href="https://www.honeygain.com/">Honeygain</a>. They&rsquo;re the most well-known and trusted in the space.&nbsp;
<h2>4. Create Content</h2>
Social media is often used as an escape from the grind, but it can also be one of the most lucrative mobile money-makers. There&rsquo;s really no limit on how much money you can make as a content creator!
That said, this is also probably one of the most difficult ways to make money with your phone, and it can take a while to start seeing results.
Sure, you could get lucky and have your video of a deep fried turkey blow up and <a href="https://www.nytimes.com/2021/01/15/style/snapchat-spotlight.html">make you half a million dollars</a>, but let's be honest: the chances of that happening are pretty slim.
To create a long-term sustainable business as a social media content creator, you need not only creativity, but a lot of consistency. Social media is extremely fast paced so if you want to grow -- and continue growing -- you&rsquo;ll need to be active.&nbsp;
You&rsquo;ll also need to understand your target audience: who exactly are you speaking to with your content? What do they want to see? Nailing these questions down will help you figure out a sense of direction.
To start, I&rsquo;d recommend thinking of a specific niche. Your niche could be pets, bullet journalling, finance, DIY, drawing, there are tons of different ways you could go. The reason this step is important is because it&rsquo;ll be easier to grow a niche account targeting a specific audience, than a general &ldquo;lifestyle&rdquo; account with no specific audience in mind. To learn more, <a href="https://buffer.com/library/choosing-a-social-media-niche/">here&rsquo;s a good guide to picking a niche</a>.
So, how will this make you any money? Multiple ways:
<ol>
<li>Ad revenue - TikTok and Snapchat Spotlight both offer ways for creators to earn for their views. Upload viral content and you could be looking at a big paycheck. Spotlight pays out <a href="https://support.snapchat.com/en-US/article/spotlight-guidelines">$1 million/day to creators</a> while the <a href="https://newsroom.tiktok.com/en-gb/tiktok-creator-fund-your-questions-answered">TikTok creator fund</a> has <a href="https://www.tubefilter.com/2020/10/01/tiktok-creator-fund-creators-getting-paid-money/">reported earnings</a> of 2-4 cents per 1,000 views.</li>
<li>Donations - Livestreaming on TikTok requires a minimum of 1,000 followers and gives your viewers the option to send you virtual gifts which can be exchanged for real money.</li>
<li>Selling merchandise - Whether you already have a product or you have a plan to create one, social media is a great place to promote. Just take <a href="https://thehustle.co/how-a-tiny-peanut-butter-company-grew-to-500k-per-month-in-sales/">this peanut butter company</a> as an example -- it grew to over $500k/month in sales in under two years with the help of TikTok.</li>
<li>Paid promotions - Influencer marketing is huge right now and companies are paying big bucks for popular influencers to endorse their products. Again, the peanut butter story above is a great example of successful influencer marketing.</li>
<li>Affiliate marketing - This is when you promote a product with a unique link and get paid a commission based on any sales or sign-ups that come from that link. For example, Amazon has an affiliate program that allows affiliates to link out to Amazon products and earn a commission for any sales that come from their clicks. This is a bit more difficult to do on social media, but it can work.</li>
</ol>
<h2>5. Play Games</h2>
Ending off with something that most of us do on our phones already (but for free), yes, there are legit ways to make money playing games on your phone.
How this works is simple: you&rsquo;ll typically have to download an app and play it until you reach a certain level or accomplish a specific set of goals. If you manage to succeed in the required time frame, you&rsquo;ll earn a cash reward ranging from $1 all the way up to $40 or more.
Keep in mind, some of the apps require you to play for quite a while, so this isn&rsquo;t exactly fast money. Still, if you&rsquo;re someone who likes grinding app games anyway, this is a fun way to discover new games and get paid at the same time.
To get started, sign up for <a href="https://www.swiftsalary.com/gpt-sites/">GPT sites</a> like Swagbucks, Prizerebel, and GG2U, then browse over to their paid games sections. Be sure to read the instructions carefully for each game before getting started!

Now that you have some ideas on how to make money with your phone, what are you waiting for? Quit reading and start earning! Good luck!

5 ways to make money with your phone in 2021!

How to Make Money With Your Phone

With so many different survey for money sites out there, it can be hard to choose the one that best fits your needs. While we would love for you to take surveys on Eureka, we understand that it's not for everyone.
The most common questions we get from survey takers are about money: "How much can I earn on your site?", "How can I cash out?", and "How long will it take to receive my cashout?".
Today, we're going to evaluate the top 4 survey sites (including Swagbucks) and answer these questions as simply as we can. To make things easier, we will evaluate each site on seven objective, numerical criteria.
1. Does the site use points? Point values can be changed at any time, meaning that you may be earning less money than you think!
2. What are the site's cashout options and how much money do I need in order to cashout?
3. How long will it take to receive my cashout?
4. Does the site pay if I get disqualified from a survey?
5. Does the site offer a paid daily poll for checking back in every day?
6. Does the site also offer a mobile app?
7. How much does the site pay me for taking my first survey?
<h2 class="c-mrkdwn__pre" data-stringify-type="pre"><a href="https://eurekasurveys.com" rel="follow noopener" target="_blank">Eureka Surveys</a></h2>
1. Points? Nope, no gimmicks here. Your Eureka balance will always be in dollars.
2. Cashout options? PayPal, bank transfer, and over 80 different gift cards! Members need a minimum of $10 to cashout.
3. Cashout time? Eureka Surveys is the only site to offer Instant Cashouts for the majority of our members! Get paid instantly!
4. Payment on disqualification? Yes, Eureka pays 2&cent; upon survey disqualification.
5. Daily poll? Yes, Eureka pays 1&cent; per daily poll response. Claim your free money just by checking in every day!
6. Mobile app? Yes, Eureka has <a href="https://apps.apple.com/us/app/eureka-cash-for-surveys/id1466346433#see-all/reviews" title="Eureka Surveys - App Store" rel="follow noopener" target="_blank">over 100,000 ratings on the App Store</a> with a 4.8 star average rating as well as an <a href="https://play.google.com/store/apps/details?id=com.eureka.android" rel="follow noopener" target="_blank">Android App</a>.
7. First survey? Eureka's welcome survey is quick and easy and guarantees payment of $1 upon completion!
<h2 class="c-mrkdwn__pre" data-stringify-type="pre">Swagbucks</h2>
1. Points? Yes, 1 Swagbuck is worth 1&cent;.
2. Cashout options? PayPal and gift cards. Members need a minimum of $25 to cashout via PayPal. Gift card cashout amounts vary.
3. Cashout time? Cashouts take up to 10 business days to process.
4. Payment on disqualification? Yes, Swagbucks pays 1 Swagbuck (1&cent;) upon survey disqualification.
5. Daily poll? Yes, Swagbucks pays 1 Swagbuck (1&cent;) per daily poll response.
6. Mobile app? Yes, Swagbucks has 32K ratings on the Apple App Store with a 4.4 star average rating as of October 2020.
7. First survey? Swagbuck's first survey pays 5 Swagbucks (5&cent;) upon completion.
<h2 class="c-mrkdwn__pre" data-stringify-type="pre">InboxDollars</h2>
1. Points? No.
2. Cashout options? PayPal and gift cards. Members need a minimum of $30 to cashout and there is a $3 processing fee per cashout.
3. Cashout time? Cashouts take up to 10 business days to process.
4. Payment on disqualification? No, InboxDollars does not pay upon survey disqualification.
5. Daily poll? Yes, but responses are not rewarded.
6. Mobile app? Yes, InboxDollars has 129K ratings on the Apple App Store with a 4.5 star average rating as of October 2020.
7. First survey? InboxDollar's first survey pays $0.50 upon completion.
<h2 class="c-mrkdwn__pre" data-stringify-type="pre">Survey Junkie</h2>
1. Points? Yes, 1 Survey Junkie point is worth 1&cent;.
2. Cashout options? PayPal and gift cards. Members need a minimum of $5 to cashout.
3. Cashout time? Cashouts take up to 3 business days to process.
4. Payment on disqualification? Yes, Survey Junkie pays 2 points (2&cent;) upon survey disqualification.
5. Daily poll? No.
6. Mobile app? Yes, Survey Junkie has 30K ratings on the Apple App Store with a 4.5 star average rating as of October 2020.
7. First survey? Survey Junkie's first survey pays 50 points (50&cent;) upon completion.

All survey site information is up to date and verified as of October 2020. See something wrong? Reach out to us at <a href="mailto:support@eurekasurveys.com" rel="follow noopener" target="_blank">support@eurekasurveys.com</a> and we'll be happy to update this article.

Swagbucks vs. Eureka Surveys. What are the best websites to take surveys on in 2020?

2020 Swagbucks vs. Eureka Surveys

How Eureka Surveys stacks up against other survey sites in 2020.

We know there's a lot of options for survey sites out there, so we appreciate you checking out Eureka Surveys. We're trusted by over 100,000 reviewers on the App Store (4.8 star average rating) and we'd love to earn your trust as well.
Our top priority at Eureka is our member experience. We provide a variety of features to help make the survey taking experience enjoyable and for you to earn more. Here's 5 reasons why our members love Eureka Surveys:
<h2 class="c-mrkdwn__pre" data-stringify-type="pre">1. Instant Cashouts</h2>
We're the only website to offer Instant Cashouts to our members. Instant Cashouts mean that you'll get your money within seconds! The majority of our PayPal and gift card cashouts are instant. Other popular survey sites (e.g. Swagbucks, InboxDollars) take <a href="https://help.swagbucks.com/hc/en-us/articles/205640894-How-long-does-it-take-to-redeem-Rewards-#:~:text=You%20can%20redeem%20your%20SB,days%20to%20receive%20your%20reward" rel="follow noopener" target="_blank">up to 10 business days</a>&nbsp;to process cashouts.
<h2 class="c-mrkdwn__pre" data-stringify-type="pre">2. We pay for disqualifications</h2>
We're one of the few survey sites that pays our members for third-party survey disqualifications. You may not qualify for the occasional survey, but we still think that you deserve a reward for your time. For longer surveys, you may even be compensated for the full amount of a survey if we feel like the third-party disqualification was unfair. Rest assured, every survey you take is helping you making progress towards your next Instant Cashout!
<h2 class="c-mrkdwn__pre" data-stringify-type="pre">3. Free money for checking in</h2>
Eureka gives free money to our members every day, just for checking in! Take a fun daily poll and see what others think on a variety of fun and relevant topics. Have a suggestion for a daily poll question? Email us at <a href="mailto:support@eurekasurveys.com" rel="follow noopener" target="_blank">support@eurekasurveys.com</a>.
<h2 class="c-mrkdwn__pre" data-stringify-type="pre">4. Balances in dollars</h2>
Eureka balances are in dollars! No gimmicks, one dollar will always be worth one dollar. Many survey sites use points as a way to trick users into thinking that they have a higher balance than they actually do. We value transparency at Eureka and will always pay our members in cash.
<h2 class="c-mrkdwn__pre" data-stringify-type="pre">5. Multiple platforms</h2>
Eureka is one of the few survey sites that is available on multiple platforms. We are on <a href="http://eurekasurveys.com" title="Eureka Surveys - web" rel="follow noopener" target="_blank">Web</a>, <a href="https://play.google.com/store/apps/details?id=com.eureka.android" title="Eureka Surveys - Google Play Store" rel="follow noopener" target="_blank">Android</a>, and <a href="https://apps.apple.com/us/app/eureka-cash-for-surveys/id1466346433" title="Eureka Surveys - App Store" rel="follow noopener" target="_blank">iOS</a>. We have excellent reviews for our website and apps, and you can sign in on any platform using your same Eureka email. With Eureka, have the option of earning on your laptop, or on the go!
We'd love for you to try us out by signing up for free today! Questions? Reach out to us at <a href="mailto:support@eurekasurveys.com" rel="follow noopener" target="_blank">support@eurekasurveys.com</a> and we'll get back to you within 2 business days.

See the 5 reasons why our members love Eureka Surveys. We offer Instant Cashouts and pay members for disqualifications and for daily checkins.

5 Reasons why Eureka is the best survey site on the Internet

See 5 reasons why our members love Eureka Surveys!

Eureka Surveys has sent members hundreds of thousands of dollars since being founded in 2019. We are one of the few platforms to offer instant cashouts and we've received <a href="https://apps.apple.com/us/app/eureka-cash-for-surveys/id1466346433#see-all/reviews" rel="follow noopener" target="_blank">over 100,000 positive reviews</a> on the App Store!
<img src="https://cdn.buttercms.com/2CfQdtlZSCypEydEMpOU" alt="undefined" />
Here are 10 tips to help you make the most money on Eureka:
<h2>1. Surveys are best Monday through Friday in the afternoons and evenings</h2>
Surveys are best Monday through Friday in the afternoons and evenings, so target this time to take surveys. Weekday surveys are shorter, pay more, and are easier to qualify for. This doesn't mean that surveys are off-limits on the weekends, just that you should go in with lower expectations - our brand partners need a break on the weekend as well!
<h2>2. Make sure your Eureka profile is completely filled out</h2>
Profile information helps us ensure you qualify for the greatest number of high-paying surveys. We've found that completed profiles can earn up to 4x more money! Hint: Take the Profile Quick Survey and get paid to fill out your Eureka profile!
<h2>3. Claim free money every day by answering our daily poll</h2>
The daily poll updates every day at 8 PM ET, and yes, we come up with these questions ourselves!
<h2>4. Eureka is available on <a href="https://eurekasurveys.com/" title="Eureka Surveys" rel="follow noopener" target="_blank">Web</a>, <a href="https://apps.apple.com/us/app/eureka-cash-for-surveys/id1466346433" title="App Store - Eureka Surveys" rel="follow noopener" target="_blank">iOS</a>, and <a href="https://play.google.com/store/apps/details?id=com.eureka.android" title="Google Play Store - Eureka Surveys" rel="follow noopener" target="_blank">Android</a></h2>
Your same Eureka account can be used to log in to any of our platforms, which means you can earn money both on your phone and on your computer! Bored at work? Take surveys on your computer. Commercial break on TV? Switch to your phone without leaving the couch.
<img src="https://cdn.buttercms.com/9JOmal9T3OTPdC7EecTG" alt="undefined" />
<h2>5. Turn on location and notifications for higher-paying surveys</h2>
If you're using Eureka on mobile, make sure you turn on location and notifications to get alerts for our highest-paying surveys. These surveys have very high demand and come and go quickly, so act fast when you see one!
<h2>6. Take your time answering survey questions</h2>
A brand may not reward you the survey's full amount if your answers are inconsistent or if you fail an attention-checker question. Eureka Surveys rewards our best survey takers with shorter, higher-paying surveys!
<h2>7. Answer surveys honestly and truthfully</h2>
Same as above, a brand may not reward you the survey's full amount if your answers to a survey do not match what you have filled out on your Eureka profile.
<h2>8. Be patient for new surveys</h2>
If you have a hard time qualifying for surveys, wait a bit before trying again. Survey availability is constantly fluctuating and determined by the number of new surveys our brand partners choose to post.
<h2>9. Please feel free to contact our support team</h2>
If you're experiencing issues with surveys or with your account, please reach out to our support team support@eurekasurveys.com. We guarantee a response within two business days.
<h2>10. Follow us on social media</h2>
Follow us on social media for announcements and giveaways! We are on <a href="https://www.instagram.com/eurekasurveys/" title="Instagram - Eureka Surveys" rel="follow noopener" target="_blank">Instagram</a>, <a href="https://www.facebook.com/eurekasurveys/" title="Facebook - Eureka Surveys" rel="follow noopener" target="_blank">Facebook</a>, <a href="https://twitter.com/eurekasurveys" title="Twitter - Eureka Surveys" rel="follow noopener" target="_blank">Twitter</a>, and <a href="https://vm.tiktok.com/ZMJaofWK8/" title="TikTok - Eureka Surveys" rel="follow noopener" target="_blank">TikTok</a>. Ready to cashout your earnings? Most PayPal or gift card cashouts are instant!
Happy earning!

10 tips to help you get started on Eureka Surveys and make the most of your time.

10 tips to help you make more money on Eureka Surveys

10 tips to help you make more money on Eureka Surveys.