Do you work 40+ hours a week and still struggle to keep your head above water? You’re not alone.
Over 80% of Americans are in debt. Student loans, medical bills, and skyrocketing costs of living come for almost everyone, it seems.
But there is a way to not only keep yourself afloat but even get ahead. Welcome to the world of the side-hustle.
Unlike the old days of pinching pennies in a jar, today’s side hustles can be much more lucrative and require a minimal time investment.
If you’re looking for ways to make extra income, read on!
The Art of The Flip
Selling and reselling items online via websites like eBay and Craigslist has become a career in and of itself for some, and could help you become debt free.
If you know how to time your purchases and where to market your items, your flea market finds or limited edition pre-order sneakers can help you make extra income, with only a few hours of effort put in each week.
The biggest thing to keep in mind is to find a niche. If you find a market for vintage cameras, for example, do your research before going diving in antique stores and flea markets. This will save you a lot of time and money in the long run.
Online Teaching and Tutoring
In recent years, the online teaching and tutoring industry has boomed. And there is still a huge demand for teachers, especially for sites such as VIPKid and Outschool.
Many sites require a bachelor’s degree or expertise in the subject. However, if you meet these requirements you’ll find dozens of willing students from all over the world, and make extra income.
And it’s not just children who are looking for online learning. Sites such as Udemy and Skillshare bring together talented adult teachers and students looking for enrichment in their free time.
The flexibility in scheduling with different types of students in various time zones can be a double-edged sword, but with wise time management, you might find those spare evening hours to be fulfilling and well-paid.
Sell Your Skills Online
Sites such as Fiverr or specialized forums allow talented individuals to pick up freelancing gigs at the click of a button. Photoshop, video editing, recording instruments and even commissioned artists have all found a home as freelancers.
Furthermore, you set your own prices and contracts. And integrating a portfolio online makes reeling in clients even easier.
Rent Out Your Place
Out of town for a business trip? There are several sites that now cater to people wanting to rent out their homes or apartment to tourists and other out-of-towners.
If you rent, make sure that the terms of your lease don’t prohibit sub-leasing your space. If you own, all the more money to put towards your mortgage payment.
Start a Blog and Make Extra Income
Blogging is one of the best ways to make extra income. You don’t even have to write all of the articles; guest posts and freelance blog-writers can help you fill your site with quality content.
The difficulty lies with marketing to and finding your appropriate audience for your niche, but once your blog gets rolling, you could actually find yourself with a salary that rivals your main job.
If you want more lifestyle tips and tricks, or want to keep up with the latest buzz on personal finance, contact us!