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15 Profitable Side Business Ideas for 2022

By Selena Maranjian - Jan 20, 2022 at 7:00 AM
Getty - happy person with cash money dividends.jpg

Extra income expands your opportunities

It's become common these days for people to have not only a primary occupation but also a job or two on the side. That might not sound enticing to you, but give it some thought -- because there are probably some side hustles that you'd actually enjoy. Better still, significant extra income can help you achieve financial goals sooner -- maybe even allowing you to retire early!

Even a modest side gig generating $15 per hour for 10 hours per week will get you close to $8,000 annually, pre-tax. If you can generate $300 extra per week, that's more than $15,000 annually, pre-tax. Sock away just $12,000 in the stock market for 20 years, and if it grows at an annual average rate of 8%, you'll end up with nearly $56,000 -- a very handy sum in retirement.

Here are 15 moneymaking ideas to consider. There are gobs more, of course.

5 Stocks Under $49
Presented by Motley Fool Stock Advisor
We hear it over and over from investors, “I wish I had bought Amazon or Netflix when they were first recommended by The Motley Fool. I’d be sitting on a gold mine!" It's true, but we think these 5 other stocks are screaming buys. And you can buy them now for less than $49 a share! Click here to learn how you can grab a copy of “5 Growth Stocks Under $49” for FREE for a limited time only.

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