Money is always in short supply. Almost everyone works for money and wants to make as much money as possible. According to a recent Insuranks survey, approximately 93% of Americans have some side hustle in 2022. 

Most people become enraged because of financial stress. But I need you to stay calm and find a side hustle to supplement your income. 

Today, I will tell you about the three best side income ideas for 2022, so you can start a simple side hustle.

1.    Investment in a stock exchange or cryptocurrency

The world is currently in crisis due to the conflict between Russia and Ukraine. Everyone prefers to save money rather than invest it.  As rational and optimistic investors, we will see this as an opportunity to invest in the stock market and cryptocurrency in the long run. 

First, create a portfolio of different companies you want to invest in, and then conduct a fundamental analysis to create a perfect portfolio from which you will benefit the most. You can also hire someone to perform basic analysis and create an ideal portfolio for you. The stock market will always rise in the long run due to inflation. 

Investment in cryptocurrencies is risky, but as companies accept cryptocurrencies, demand for cryptocurrencies rises. Cryptocurrencies are currently in a decline phase, but they will rise again in the future due to their high demand and limited supply due to the acceptance of large corporations.

There is less effort involved in investing in the stock exchange or cryptocurrencies, and you can earn a lot of money in the future. 

2.    Rent out your car

In this modern era, you can rent out significant assets using your mobile phone. One of the best ways to supplement your income in 2022 is to rent out your extra car that is not in use. You can rent your vehicle to anyone who drives Uber or Indriver for a handsome sum. So you can make a good living without doing anything. 

Because everything depreciates, but because of high inflation, the prices of used and new cars rise, and your car will be revalued to surplus instead of depreciating. 

According to data released by the U.S. Bureau of Labor Statistics, the consumer price index for used cars and trucks jumped by 40.5% from January 2021 to January 2022. That means the average price of used cars and trucks for urban consumers has gone up by 40.5% within a year. Therefore, renting your vehicle has been one of the best side income sources in recent months.

3.    Do freelance work

The freelancing industry is growing by the day. People are transitioning from part-time freelancers to full-time freelancers. This transition is because people want freedom and to do their jobs according to their preferences. They want to work whenever and wherever they want. They do not want to be handled. 

The freelancing field is ideal for these individuals and those seeking supplemental income. You only need to create a gig about what you can do and where you have the expertise and post it on websites like Fiverr or Upwork. The customer will contact you directly, and you will be able to negotiate your prices and complete the work when you are not working. This will give you a handsome salary and allow you to earn more.

Final Words

From my perspective, these are the three best-side income ideas for 2022.

If you are doing one of the above things as a side hustle, please share your experience with me in the comments section below.