These 4 side gigs could make you wealthy during a recession
By Elizabeth Karpen
A recession might be right around the corner — and it might be time to stop doomscrolling and start hustling. If your paycheck suddenly pulls a disappearing act, a lucrative side hustle could be the difference between living large and living on instant noodles.
J.P. Morgan is putting the odds of a recession in 2025 at 60%, and if you’re not ready, your bank account might be the first casualty.
Woman typing on laptop at home desk for remote work, with a focus on hands and keyboard
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Freelance writers earn a median of $83,000 a year.
N F/peopleimages.com – stock.adobe.com
You can’t fix the economy, but you can protect the contents of your wallet. Here are four side hustles, per GOBankingRates, that could rake in serious dough and keep you afloat if your day job becomes history.
Freelance write
If you’ve got a way with words — and a laptop — you could turn your writing skills into serious coin. Freelance writers shockingly make a median of $83,000 a year, according to Glassdoor. Not too shabby for a job you can do in pajamas.
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The trick? Find your niche. Whether it’s fashion advice, food guides for your city, copywriting for health companies, or ghostwriting someone’s romance novel, there’s always a market for talented writers.
The wages will start low unless you’re already a published writer, but as your clips stack up, so will your rates.
Resell clothing
Ditch every idea you had of thrift stores because they can make you cold, hard cash.
If you have a good eye for trends or spotting designer clothes in the bargain bin, you can use your fashion sense for cash by reselling secondhand clothes, shoes, and accessories. Your local thrift store or a neighbor’s garage sale might be hiding a goldmine; all you have to do is dig.
Close-up of a woman's hand choosing discounted t-shirts from a clothes rack at a thrift stall
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One reseller revealed that she makes $12,000 a month.
ChayTee – stock.adobe.com
Poshmark, Depop, eBay, The Real Real, and Facebook Marketplace are your new runways and will give millions of people the ability to see what you’re selling.
Reseller Kelsey Mikula pulls in $12,000 a month reselling clothes she finds at the Salvation Army. Earnings can even go up from there, depending on what you specialize in reselling.
Once you find your niche — maybe it’s flipping vintage windbreakers or rare sneakers — the profits will pile up.
Sell printables
Got a flair for fonts and a borderline obsession with planners? Time to turn that Type-A energy into passive income.
From wall art and party invites to daily planners and to-do lists, digital printables are hot sellers on sites like Etsy and Canva. Once you make it, people can buy it — and pay you — an infinite number of times.
Young woman smiling while working from home on her laptop, typing a blog post on her living room sofa
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Printables can make you money consistently throughout the year.
Haas/peopleimages.com – stock.adobe.com
Printable pro Rachel Jimenez, told Business Insider that she rakes in around $9,500 a month selling seasonal templates and planners. People will always be looking for cute back-to-school planners come September, and she’ll profit
Rent out a room in your home
Got an extra room collecting dust? It could be your ticket to extra income. If you don’t mind sharing your space with a stranger, renting it out on Airbnb, Craigslist, or can bring in steady cash.
Just clean up, snap some flattering photos, and make your space guest-ready. From cozy apartments to backyard guesthouses, travelers are always looking for a spot for a short stay.
Your earnings will depend on your zip code and the space you have to rent. A spare room in Charlotte might fetch $50 a night — but in Los Angeles, you’re looking at closer to $100.
As your five-star reviews pile up, so can your rates.
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