A dwindling bank account can impact your health without you realizing it.
However, money stress has a massive impact on many people’s health. You can eliminate some financial worries by earning additional income, even if you already have a full-time job.
Whether you are saving to start a business, buy a house, or get yourself out of debt, a little extra money keeps a month could change your life.
Some ways you can do this include:
Selling Your Belongings
Now, this doesn’t mean you need to sell absolutely everything to hit your financial goals. This is aimed at you making money from unused items or items that you may have splurged on and regretted. Have a sort through your home and you may be surprised what you will find. If you have any luxury items such as a watch you may want to consider looking for an Expert Rolex watch buyer, especially if you no longer use yours and need an extra boost to hit a savings goal.
Invest In Real Estate
It’s not always practical or easy for you to become a landlord if you are already in full-time education and strapped for cash. However, looking at investment opportunities in vacation homes could be lucrative. Properties in other countries tend to be cheaper, you could even hire a local property management group to look after the property for you. This can be a very lucrative way to invest and earn passive income. If you can’t do it straight away, it’s certainly something to save for, for the future.
Earn Money Writing
You may think that you need to be an expert or write books if you want to make money from writing, however, it is easier than you think to make money from this hobby. You could create a blog, become a copywriter, proofreader, freelancer, and more. You could even write a short e-book based on your current skills and make a passive income from it.
Use The Power Of Amazon
Have you heard of the people who are making money from Amazon? Do you think that it’s all a hoax? Then you’re not alone. This isn’t the case though if you do it right, you can make a decent amount of profit from an amazon store. Developing a presence and using Amazon as your customer service point, you remove a lot of time and costs. Sellers can have items shipped directly to their customers without ever having to touch a product.
Social Media Gigs
Social media browsing is a trending hobby nowadays. But you can do more using your social media account to earn money.
Many businesses nowadays use social media platforms to promote their products and services. They use social media exchange websites to boost their social signals, brand awareness, and reputation. Marketers gather the insights that social media exchanges generate to enhance their social engagements and create more effective marketing strategies. You can sign up and connect your social media account with an exchange website, and earn some extra money from likes and comments.
Invest In Real Estate Crowdfunding
You don’t have to be rich or famous to invest in real estate. An excellent investment to try to boost your income is real estate crowdfunding.
Real estate crowdfunding allows you to put and grow your money on real estate investment trusts (REITs). This investment involves pooling investors’ money to invest in real estate projects, including equity and debt investment opportunities.
The reason behind this is because some property flippers and investors don’t have the capability to secure a loan in traditional banks due to some untoward reasons, so they seek help from crowdfunding platforms to fund their projects. Accordingly, the crowdfunding and real estate investors both wins in this kind of arrangement.
Notably, real estate crowding investors receive dividends from various options, depending on their investment preferences, including appreciation, accumulated equity, and rental income.
Have you picked up skills in your full-time job that you can use ot provide a service on a freelance basis? This is something that many people are now doing as a second job. They are using skills they already have to earn an additional income, sometimes they are even able to turn it into a business that earns more than their full-time position. Whether it’s accountancy, HR, administration, customer service, photography, and more there are plenty of ways you can use your existing skills to earn an extra income. If you choose to start providing freelance services make sure you:
- Check that it’s ok with your employer to have a second job
- Research how much you could charge for your services
- Make sure you have liability insurance
- Use a business account for your finances and keep them separate from your personal finances
- Keep track of your income and make sure you pay your taxes
Ever wondered how customer service is improved or monitored? It’s most likely through mystery shopping. It’s where someone visits a store, uses an online service, or phone line to make a purchase, receive a quote, etc., and then they answer a survey about their experience. They will usually have certain tasks they need to tick off the list such as buy an item from the children’s department, ask x amount of questions, allow 3 minutes for someone to ap[orach you, take a picture of a certain display, etc. you can earn a fair amount for a minimal amount of work. Some visits are as simple as spending 15 minutes in this store, complete three tasks such as ask a question at the checkout and then complete a survey. You either get paid to do the job, or you get reimbursed for your purhase.
These are just a few of the ways you could make money at home to boost your income. Do you have any other ways that could achieve this? Please share them in the comments below.