As we wade into the turbulent seas of adulthood, expenses and utility bills tend to overpower our monthly income. Here are some ways you can augment your income:
Part-time job
There are a lot of moonlighting jobs available in the market. Some of the most popular ones include babysitting, data encoding, pet walking, and caregiving, among others. These jobs normally take about 3-4 hours per day, enabling you to still get a full-time job.
Sell valuables
In times of emergency, this is the easiest way to get money fast. Selling jewelry for cash has long been a Plan B for most people. Jewelry only increases in value in time, compared to furniture and other appliances which actually lose their value in time. Other valuables that can be easily sold or auctioned for cash include artworks such as paintings and sculptures, as well as collectible items.
Rent a spare room
If you live in a big house with lots of spare rooms, rent it out. The monthly rents will augment your income without taking up any of your time.
Lease the guesthouse
If you have a guest house by the mountains or by the beach, lease the same by way of time-sharing. Properties such as houses tend to deteriorate when vacant. Rent it out so that someone else will be able to take care of it. Bonus, you get extra bucks without working up a sweat.
Cash in on your hobby
Do you love making crafts or painting? Now is the time to cash in on the hobbies you spend your time doing. You earn extra income while still enjoying what you are doing.
Tutoring
If you have a special talent or skill, then it will be quite profitable to teach other people your particular talent. It can be singing, dancing, yoga, painting, knitting, or some other craft. Capitalize on yourself.
Profit from online ad placements
Do you have a blog or a YouTube account? Blogs make profits through the ads that can be displayed with the blog contents. Just make sure your content is interesting so that many people will click and view it. Uploading compelling videos also does the trick. The online world is abundant with opportunities to make a profit, you just have to know how to utilize them.
Sell from home
The advent of online shopping has opened up a new avenue for sellers to reach their consumers without leaving their seats at home. However, you have to take care of secure online financial transactions so that consumers will feel safe buying from you.
Work at home
Freelancing or work-at-home jobs are all the rage now. Jobs include online content writing, thesis writing, personal assistant positions, and other clerical positions.
Invest
Update your investment portfolio. Or if you don’t have one, make one. Passive investments are a great way to increase your monthly income without sacrificing precious time. If you have limited investment funds or scared of investing, test the waters by investing in mutual funds. This way, you will not be burdened with managing the fund and you’ll get a feel of the investment options available.
Leave a Reply