Are you looking for ideas on how to make money online in Australia? Here are some of the best methods that I’ve found actually work. Some of these methods can be pretty time consuming – and even turn into full time jobs. And others can be done in your spare time to make a little extra cash on the side.
With the Australian dollar being quite low compared to the U.S dollar, now is the perfect time to make money online and take advantage of our low currency.
Update – We’ve updated this with the latest spaceship voyager promo for May 2020. The current promo gives you a bonus of $5
I’ve been using the Spaceship Voyager app for the past few months. It’s one of my favourite investment products. They are currently running a promo where you get $5 free when you sign up to use the app. It’s a great way to start your saving and investing journey. Read on to find out how to get the bonus:
Spaceship Voyager is a new way to save and invest money. You can start investing with as little as $5 and then setup either scheduled investments of invest one off lump sums. Your money gets invested in a diverse portfolio of stocks. You can choose one of two portfolios – one is made up of the companies Spaceship thinks will be important in the future. Think Apple, Tesla, Netflix etc. The other is an index fund made up of the top 200 most popular companies.
One of the biggest drawbacks of share investing are the brokerage fees. These can really eat into any gains – especially if you’re not investing large amounts of capital.
Unfortunately in Australia we don’t have access to platforms like Robinhood which offers free stock trading. But if you’re a bit creative, there are ways to cut down on your fees. Here are my picks for the cheapest stock trading platform
Read moreThe cheapest way to invest in stocks: The Best Platforms
Looking to save a bit of money by switching to a cheaper mobile provider? Then Aldi Mobile could be for you. They have some of the cheapest plans available and run on the Telstra network. Here’s my Aldi mobile review to help you make a more informed choice.
With Aldi Mobile you can either go with a plan or pay-as-you-go. The cheapest option for both is $15. So if you’re after a budget phone plan then this is perfect.
Plus500 is one of the most popular CFD trading platforms in Australia. It’s definitely the one I see most advertised online. But is it actually a good place to trade stocks and other assets? Here are some of the reasons why I don’t think its a good fit for most people. If you’ve been thinking about signing up to Plus500, make sure you read this first.
Australia will head into a recession in 2020. Our economy has basically been ground to halt thanks to Coronavirus. So how can you prepare? Here are some of the things I’m going to be doing to make sure that I’m in good shape to get through a recession:
Read moreHow to Get your Personal Finances Ready for a Recession
In volatile times Gold is seen as safe haven asset. I can’t tell if now is a good time to invest in Gold. There is so much uncertainty in the markets that any investment is going to be risky. But if you are looking to invest in Gold, here are some of the options I have tried in the past:
Looking to make a little more revenue on the side? You can complete surveys and earn small amounts of cash for your time. You’re never going to get rich from surveys but they are a great way to add a little extra income on the side. You can easily earn a few hundred dollars a month by dedicating an hour or less each day to completing online surveys. It’s a great way to make money from home (especially if you’re self isolating due to coronavirus).
These are the highest paying online survey sites in Australia:
Over the past 2 weeks, global stock markets have taken a battering. Many people would understandably be getting very concerned seeing their super accounts, stock investments etc go down. And some people would have panic sold. But is now a good time to stop investing? Is it a good time to start investing? In this post I’m going to walk you through some of potential future scenarios and what effect this will have on your money.
Update: We’ve updated this for April with the latest Raiz promo code.
Looking to sign up to the micro-investing app Raiz? Before you do, make sure you take advantage of this bonus offer. You’ll get a little extra cash invested into your account. While it may not seem like a huge amount, every little bit adds up – and besides, who doesn’t like free money!
