Tag: sharing economy

Unlock Your Home’s Hidden Income: 9 Unexpected Ways to Rent Out What You Own
May 30, 2024 Off

Unlock Your Home’s Hidden Income: 9 Unexpected Ways to Rent Out What You Own

By The Admiral Staff

The article explores alternative ways to generate passive income beyond traditional rental properties. While only a small percentage of Americans report owning rental properties, there are numerous household items and spaces that can be rented out for extra cash. These include spare rooms, cars (via services like Turo and Getaround), backyards (Peerspace or Sniffspot), swimming pools (Swimply), driveways (Vanly or Neighbor), bikes (Spinlister), camping equipment (Loanables), clothes (Tulerie

The Gig Economy Reality Check: Are Side Hustles Worth It?
October 15, 2019 Off

The Gig Economy Reality Check: Are Side Hustles Worth It?

By The Admiral Staff

A recent analysis of gig economy income reveals a stark reality: 85% of gig workers earn less than $500 per month. While Airbnb is the top earner, with renters averaging $924 monthly, there’s a significant income gap within the sector. Despite potential downsides highlighted by reports on rideshare drivers and the “loneliness” of gig work, experts suggest the sharing economy offers opportunities for skilled workers and entrepreneurs, and lawmakers are exploring ways to improve worker benefits.