Ways to make extra money in France:
Buy and Sell Goods
Invest in stock trading
Auto Detailing
Babysitting Services
Start a Blog
Copy trading
Write and Publish Ebooks
Rent A Room In Your Home
Sell crafts
Become a dog walker
There are different ways to make extra money in France for those seeking to add a second income stream. You can achieve this objective using any of the offline and online options available to French residents. The difference is that offline opportunities may have timing constraints, whereas online options are accessible around the clock.
Technology and the internet have evolved into a source of income for many when considering the various ways to make extra money in France. Nevertheless, you can be sure to make extra money in France no matter which option you select. While it is up to you to decide which extra income option is ideal, below are some top ideas for extra income in France. But let's throw more light on side income in France and how it works.
Do you want to start trading Forex? Open an account on RoboForex!Finding a passive income stream that does not interfere with the regular job is an excellent breakthrough. And there are different options available, so the ball is in your court. While there are many ways to make extra money in 2023 for French residents, below are the top options.
Then, there is copy trading. This is an easy to use way to copy trading transactions easily online. You don’t need to know much about how trading works to get started, and you don’t have to spend a lot when you’re starting out. Some of the best copy trading platforms are:
RoboForex is the best according to the reviews of Traders Union users (for non US users)
eToro - the largest number of participants in the USA
This kind of trading allows you to identify top traders and simply copy what they do. So, you don’t have to learn too much about how it all works before you start earning from your trades.
Writing books and getting them published used to be hard. Not anymore. You can write novels and publish them free on platforms like Kindle and Smashwords. While there is a lot of competition, there are several self-publishing success stories that are making hundreds of thousands of euro per year this way! If you don’t like writing or have the time to do it, you can even hire a freelancer to write your story on your behalf.
If you love dogs, then you will love this one! Rover.com is a leading dog sitting and dog walking app, and if you live in areas they serve, you can sign up to become a dog walker or sitter. It’s also relatively easy to create your own dog walking business, or to offer a dog sitting service when people go away or can’t be home for their furry friends. Not a bad answer to the question of how to make extra money for dog people!
Stock trading is not a short term or quick way to make extra money – at least not at first. But if you have some extra cash to invest, you can make around 10% in profit every year without doing anything. Interactive Brokers is an app that makes this easy, and you can choose to invest long term or be an “active trader.” Investing in the right stocks at the right time can make you a lot of money. Just ask Warren Buffett.
As you can see from this list, there are many ways to make extra money in 2023, and this list only scratches the surface.
Of course, there’s always Airbnb and Vrbo. They’ve been around for a while, but they’re still a great option. Whether you rent your vacation property, an apartment on your property or a room in your home, this is an easy way to make some extra cash.
If you love to craft, you can make a good living selling your home made items on Facebook or on sites like Etsy.com. You don’t even need a website to be able to earn from your arts and crafts this way. You could make custom t-shirts, sew clothing or other items, do beadwork or custom signs and painting. Some people even make a good living selling craft kits.
This one is really simple, and you can either sign up on a site like Care.com to market your services, or just print flyers and pass them out in your neighborhood. People always need babysitting services, so while you might need to do a course to do this, you can get started quickly. If you have kids of your own, you can even offer this service in your own home, so you can still be around when they need you.
If you have an interest in something that other people want to read about, you can create a blog. Before you ask how to make extra money by writing blog posts, the answer is advertising and affiliate programs. If you can get enough people to read your blog, you can use both to make a decent amount every month.
More and more people are finding that flipping secondhand items is one of the best ways to make extra money online. Buying items at a low price and then reselling them (with or without repairing or refinishing them) is a great way to make some extra cash. Some people even find items offline in thrift stores or similar and resell them online.
Auto detailing is another great idea for an easy and cheap business. If you’re wondering how to make extra money but you have a vacuum cleaner, some buckets, and some time, you can easily turn those things into a successful mobile auto detailing business.
A side job, also known as a side hustle or part-time job, is extra work people do alongside their main job to earn more money or pursue a passion. It can be freelancing, part-time work, gig work, or a small business on the side. People take on side jobs to boost income, follow hobbies, gain experience, or diversify their earnings. Common examples include freelance work, tutoring, driving for ride-sharing services, or selling crafts online. However, it's essential to consider tax and legal aspects when engaging in side jobs.
It is possible to make an extra €1,000 per month in France, but your ability to do so will vary based on some variables, such as your skills. Establishing a path to earning up to €1,000 in passive income in France may require extra effort, but if you successfully establish an additional source of income, earning more than €1,000 is possible. The following is a list of the top ways to make extra money in France (up to €1,000).
Trading and investing in the stock market (S&P 500 index) are among the most lucrative passive income sources
Another way to earn extra money in Forex without actually trading in France is to learn how to trade and possibly copy the trades of experts
On the majority of specialized freelance platforms, like Upwork, you can start a career as a copywriter or translator
Working as an affiliate marketer for some of the best online companies or brokerages is a great option
Note:
Taxes on income or capital gains may apply to some sources of extra income in France, particularly for stock and Forex traders. You must declare side income because of the tax implications, so before you begin, learn about the tax implications of all possible passive income options.
If your primary residence is in France (which means you spend more than 183 days in a calendar year in France) and you earn additional income in France, you must declare the extra income received. You must declare any additional foreign income that any household members receive.
In the online declaration, information previously reported on tax returns and given to tax authorities is already filled in. You can access the online form by logging into your account at www.impots.gouv.fr.
To declare side income in France:
Register as a self-employed individual with the French tax authorities; this might involve getting a SIRET number
Ensure you include revenue from your side business and related expenses
Since side income is usually disclosed on your annual income tax return, complete the necessary tax forms using the "Déclaration des Revenus" and report it to the tax authorities
Note:
You should consult a tax advisor or accountant who can offer guidance and ensure compliance with French tax laws if you have complex side income situations or are unsure of how to declare your earnings.
By utilizing the copy trading features on online platforms like Forex and stock brokerages in France, you can trade for profit without being an expert. Copy trading enables traders to place trades and generate extra income in France by imitating the Forex trading strategies of professionals. You can begin copy trading without prior experience in stock trading or Forex. Simply sign up with a top-rated broker that allows copy trading, practice with a demo account, and begin copying professional traders' trades to trade in a live account.
In France, combining full-time and part-time jobs is possible, but there are some important factors to factor in. These include:
Some of the ways to make extra money in France include paying taxes. So, you may need to pay taxes separately for each job or make additional tax filings. Hence, try to understand the tax implications of each passive income opportunity, whether online or offline.
Be careful how many hours you put in between your two jobs because French labor laws only permit 17.5 hours per week (35 hours per week multiplied by 50%).
Combining two jobs can be mentally and physically draining if done carelessly and can result in burnout. So, put your health needs first while maintaining a healthy work-life balance.
If your two jobs are in the same field, especially if they are, be on the lookout for any potential conflicts of interest.
Check your employment contracts carefully to make sure you have not violated any terms by taking on a side job in France. Discover the regulations governing multiple jobs for different employers.
You can make extra income in France by investing in stock trading, copy trading, writing and publishing e-books, Auto Detailing, Babysitting Services, or starting a Blog.
You have two options for filing your return: online or by mailing a paper form to your regional tax office. Determine your tax residency by counting the days you spend in France, gathering all necessary evidence of your foreign income, and declaring it on your French income tax return. Complete the necessary sections of the tax form completely, and if your foreign income is not in euros, you should convert it using the official exchange rate in effect for the tax year.
Declare all of your foreign income and present documentation proving you have paid taxes on it in the nation where it was earned. Keep copies of all pertinent paperwork, such as your tax return, for several years in case an audit is conducted or for future reference.
French citizens must pay taxes on all of their income, whether it comes from domestic or international sources. However, a 0% rate is applied to income brackets below €10,777. Non-residents typically pay a minimum 20% tax rate for income under €27,478 and a minimum 30% tax rate for income over this amount on all of their income earned in France.
In France, people can make a living by managing a gîte (a French vacation home), working as a tour guide or in a real estate agency, babysitting pets, teaching English, cleaning, gardening, and maintaining swimming pools.
Peter Emmanuel Chijioke is a professional personal finance, Forex, crypto, blockchain, NFT, and Web3 writer and a contributor to the Traders Union website. As a computer science graduate with a robust background in programming, machine learning, and blockchain technology, he possesses a comprehensive understanding of software, technologies, cryptocurrency, and Forex trading.
Having skills in blockchain technology and over 7 years of experience in crafting technical articles on trading, software, and personal finance, he brings a unique blend of theoretical knowledge and practical expertise to the table. His skill set encompasses a diverse range of personal finance technologies and industries, making him a valuable asset to any team or project focused on innovative solutions, personal finance, and investing technologies.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).
