I asked ChatGPT ‘How to Get Free Money’

Photo by Mathieu Stern on Unsplash

While the phrase “free money” might sound too good to be true, there are legitimate ways to get money without a direct financial cost. However, it’s essential to approach these methods with realistic expectations and understand that they often require some form of time investment, effort, or existing assets. Here are some ways to potentially get money without a significant financial investment:

1. Participate in Online Surveys and Market Research: Many websites and companies pay for your opinion. While the pay for each survey is usually small, it can add up over time. My comment: YouGov was the only decent online survey programme that actually pays out, so you don’t have to go through all of the usual screening questions. Often it’s 50 points per survey and you need 5000 points to earn £50. However, I don’t like all the data they are collating.
2. Cashback and Rewards Programs: Use cashback apps and credit cards that offer rewards for purchases. This can be a way to earn back a small percentage of what you spend. My comment: Yes, using websites like TopCashback (many tracking issues) or Quidco (preferred for tracking purposes), I’ve earned over £1000
3. Bank Promotions: Banks often offer sign-up bonuses for opening a new account and meeting certain deposit criteria. My comment: I used to pay £3 per month for an £8 monthly reward with Barclays, but you had to meet certain criteria like paying £800 into your account each month, etc.
4. Sell Unused or Unwanted Items: You can sell items you no longer need on platforms like eBay, Craigslist, or Facebook Marketplace. My comment: Yes eBay is an option, but it’s fees have increased quite a lot since it first started. It’s a few percent less than Amazon’s fees.
5. Freelancing: If you have a skill like writing, graphic design, or programming, you can do freelance work. Websites like Upwork or Fiverr can be a good place to start.
6. Participate in Affiliate Marketing: If you have a blog, YouTube channel, or a strong social media presence, you can make money through affiliate marketing by promoting products or services. My comment: I participate in affiliate marketing, but it can be hard work to build up a presence especially in this world of competition without paying big bucks for advertising. I focus on long tail keywords for SEO.
7. Rent Out Assets: If you have an extra room, you can rent it out on Airbnb. Similarly, if you have a car, you could rent it out when you’re not using it.
8. Government Programs and Grants: Check for any government programs, grants, or rebates that you may qualify for, such as tax refunds or educational grants.
9. Investing in Dividend Stocks or Interest-bearing Accounts: While this requires some initial capital, investing in stocks that pay dividends or in high-interest savings accounts can generate some passive income.
10. Claiming Lost Money: Search for unclaimed money from old bank accounts, insurance policies, or rent deposits. In the U.S., websites like unclaimed.org and missingmoney.com can help you search.

Remember, when seeking ways to get “free” money, always be cautious of scams. Avoid anything that asks for upfront payment or personal information without proper verification. Also, it’s crucial to comply with all legal and tax obligations associated with any form of income.

Note: There are affiliate links within this article, so if you click through and make a purchase I will earn a small commission, but this is at no additional cost to you.