Money

How to Become Filthy Rich

 

Saving money is about a number of other things than just negotiating at the top of your voice. You must check out your attitude towards saving money. You may certainly be one of those people who doesn’t fit into the category of filthy rich. Apart from money, personal finance has something to do with your traits. Frugal ways have already been adopted by a number of millionaires, few of who’re celebrities. Understanding the ways in which your financial situation gets affected by your personal traits is your key to accumulating wealth.

Check Out a Few Important Traits:

Discipline

You must prove to be a disciplined investor if you really wish to save money for meeting your end objectives. Personal finance has to be studied in details if you really wish to turn rich in the long run. Actually, it’s all about executing the life plans in a disciplined manner.

Patience

When it comes to saving money, you must have more patience. Exercising a bit of patience holds you from landing into debt and helps you save more. You’ll achieve the cornerstone of great finances once you have the much-needed patience of identifying a great deal.

Risk-Taking Ability

You’ll need to take certain risks if you really wish to acquire wealth. However, you shouldn’t take uncalculated risks. You must consider all the options that you may fall back on and take risks after doing your homework.
The risk element is there to be dealt with by those that participate in the stock market. But if you invest your savings in a wise manner, you’re bound to catch up with great returns in the long run. If you’re among those that fear the overall risk, you may end up saving money in accounts that are bound to be affected by inflation.

Creativity

All of our expectations aren’t matched by our income and our economy. Our financial plans are often disrupted by certain unexpected developments. You must prepare yourself to deal with fresh circumstances. A lot of creativity is needed to ensure financial stability instead of procuring things in haste.

Result-Oriented Action

It’s truly important for you to set a goal and work towards it. It’s truly difficult for you to reach your destination when you aren’t aware of where you’re heading to. For those of you that have financial goals, you may achieve an immense personal finance boost. It will even help you stay motivated and achieve all the goals that you’ve set on your own. It won’t be possible for you to reach your financial destinations very easily if you lack goals and lack a vivid roadmap.



Combining Smart work with hard work

A lot of hard work gets in stake when you’re attempting to steer clear of debt and generate wealth. Some of you may simply start believing that by acquiring a lottery, you might get rid of some financial problems. However, the right path to accumulating wealth is through working hard and acquiring advanced skill sets.

Your knowledge is likely to get reflected in your growth and success. You may not possess some of the traits that the others do, but you must adapt to changes. Once you nurture a few inherent qualities, you’ll soon find out ways to identify your areas of opportunity and acquire all necessary skills that aren’t present in you. Most of the skill sets that you acquire will assist you in managing your finances more efficiently and also acquire more wealth.


The rise in Bridging Finance to help get your Offspring on the First Rung of the UK Property Ladder

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In years gone by it used to be a lot easier for young parents to get finance to obtain a mortgage for their very first venture buying a family home. So long as they had a good credit rating and a good relationship with the bank manager, they stood a good chance with a decent deposit on their side. Their family would normally help with additional things like buying furniture, solicitor fees, paying or helping to pay stamp duty or towards a small deposit and alike if needed.

These days, however, first-time buyers and young families are under much higher pressure to obtain all of these traditional requirements in order to purchase the first family home. Currently, with the economic downturn and together with today’s housing market increase. it has been much harder so there is now a tendency for getting help from the “bank of mum and dad” so to speak.

In general, today’s young people trying to get on the property ladder need (for the most part) funding in the region of some £20,000 to £30,000 to purchase their first‘ basic’ property. This is a substantial amount for most people today and many are not able to afford this from the off so they are needing the help of family members where this is possible. Parents, in general, are the ones to give them a “leg up” if they can to help their children purchase their first property.

Some first-time buyers are increasingly looking to family support in the form of bridging loans (here is a great calculator) to both purchase and in most cases help renovate houses in order to climb up this expensive slippery pole. A lot of these first-time homes are in need of renovation which makes it even harder as the banks deem the property “unsuitable security” so if the family can help with this there is more of a chance of getting over the hurdles. If this can be organised, some of the money can be put into play with a bridging loan secured against their own property to increase the value of the purchase it suitable security for mortgage purposes. Once completed the property is remortgaged using the funds raised repaid to the family member who lent them the money, who in turn repays their bridging loan.



In these situations, family members are helping to make this possible for their children to get onto the property ladder and set up a stable home for their grandchildren in the future in the bargain. In some cases, there is potential for “mom and dad” to have some return on their investment to boot but there is, of course an element of risk, and before entering into something like this all parties need to research all aspects and be prepared to do some work and perhaps even roll up their sleeves to chip in on the renovation itself. All in all this option is coming into play more and more these days and is generally a good solution to the issues in this field today.

 


Few things about millennials that befuddles Gen X – How are they making money?

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There are so many things about the millennials which amuses the older and the younger generations. From not paying attention to their home ownership woes to paying back friends through apps, the young generation of millennials are doing things in a different way than Gen X and baby boomers. The case is also true with the way they make money. Off late, it has been studied that the millennials have taken a disparate approach towards employment as compared to what their parents and grandparents did.

Stability was a factor that was valued by the senior workers and this is what made them stick with the same company for decades. But this trend is changing too and the younger workers are always on the lookout for flexibility and hence they’re desperate to switch from one job to another. Younger workers or the millennials are all having separate priorities for their jobs like their never-ending desire to swap working in a 9-5 job restrained in a cubicle to working in a coffee shop. For the gig economy, they’re shunning all sorts of monotonous jobs.

Do all millennials earn a passive income?

Due to the fact that the gig economy matured during the time when the millennials were ditching their jobs for part-time ventures, there is a constant assumption that all young adults are engaged in a side job. If they’re not making money doing several odd jobs on TaskRabbit or driving cabs for Uber, they’re doing something which can make them rich.

But these are cases of stereotypes and they don’t always reflect the entire generation. Majority of the millennials are young professionals who might be lawyers, doctors and traditional occupations. It is seen that there are more retirees and senior people with side hustles than the millennials.

Are side jobs important for the millennials?

Despite the fact mentioned above that majority of the young adults are involved in side-hustles, that do not rule out the fact that side hustles are not necessary for them. As per the Millennial Economy Report of 2017, 45% of the surveyed millennials were all involved in side jobs. They believe in spending their dollars on experiences rather than on things. And it is through contract work or gig employment that they can earn money for living those experiences. This way they’re also earning cash for college and the ones who are saddling with college loan debt are getting ways to pay them back.

Flexibility is given more priority over loyalty of jobs

Even though a millennial doesn’t take help of the gig economy and goes behind the traditional employment options, they will most likely never stick to one employer for a long time now. In fact, in most companies of Silicon Valley, the average time on job is somewhere less than 2 years as the millennials are focussed on constant development of their job responsibilities and they also keep looking forward to a hike in their salary which doesn’t come in as desired in most companies.



Hence, to conclude, it can be said that millennials are not the same as the older generation as long as their job prospects are concerned. If their present job won’t let them lead a good lifestyle or pay down debt, they’re definitely better off somewhere else.


More employers link between health and wealth – Financial wellness programs

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The link between financial and physical health is more intensely related than what you may ever think. Did you know that your financial fitness can have a direct impact on your health and similarly your health can also have a direct effect on your financial fitness? As per reports from the Financial Health Institute, three-quarters of the population in the US report that their finances are their main reasons for stress. The total amount of savings that you’ve accumulated, the costs of college tuition, how much you’re setting aside for retirement and your health care costs can all constitute financial stress.

These reasons for stress would lead to negative impacts like anxiety, depression, high blood pressure, migraines, anxiety, heart disease and stomach ulcers. If this leads to unhealthy behaviors like smoking, drinking can lead to more stress.

How about building a fiscally savvy workforce

Although there are several corporate wellness programs which concentrate on prevention and management of chronic diseases, stress management and enhancing physical fitness, yet they often tend to overlook a vital aspect of a person’s overall health, which is financial wellness. Nevertheless, as more and more employers begin to realize the strong connection between wealth and health, they have started taking steps to imbibe financial education within their different benefit programs.

In fact, as per a report released by the Consumer Financial Protection Bureau, it was found out that all those employers who work to offer worthy financial wellness programs for their employees could reduce the financial stress of the employees, boost overall financial health and productivity. What do you mean by worthy and effective financial wellness programs? Well, they are actually those which support the financial picture and the complete financial health of a person and take a look at how a person’s personal financial life can fit in.

Cost barriers are being removed by employers

As the employers have started offering this education at their workplaces, the cost barrier has been removed as this is being considered as a benefit paid by the employer rather than an expense that goes out of the employee’s pockets. Due to the fact that it is something that is being promoted within the workplace, there isn’t any sense in taking off time from the employer to boost financial wellness and build wealth.

It can’t be denied that financial education is often tied to few major challenges of life like health insurance and retirement. A Financial Finesse manager, Danielle Encincas reported the way in which her company witnessed how employees are getting concerned about retirement and are not too certain about their ability to retire comfortably. Since the employees are asked to bear a large portion of the health coverage that has been sponsored by the employer through high deductibles and co-payments, it decreases their capability to save for retirement and this has a detrimental impact on their power to retire as per their planning.



This is why employees should keep a tab on their financial vulnerabilities which could be inadequate life insurance or insufficient college savings or maybe they aren’t retirement-ready as they thought they could be.
Therefore, as more and more employers identify the direct relation between health and wealth of their employees, they are taking the required steps to be of their help.


Why These Dangerous Jobs Are Worth The Money

Have you ever thought of yourself as different? Well, most people like to think they’re unique but some are just wired totally different from the rest of us. There’s something inside them that yearns for a challenge most others would call a step too far. Individuals that almost like to play with fire a little bit and risk their own lives for an invigorating feeling of being alive on the job are rare specialties. Maybe you could call them more nonchalant in how they regard their own safety and worth, but they would tell you they need something that gives them a thrill to feel alive. Thankfully for the rest of us mere mortals, these types of people are the lifeblood that greases the wheels of global economies. Quite literally, these types of people are and so willing to give their lives while on the job. A normal end to the day for most people would be to punch out and try not to get frustrated sitting in traffic on the way home. For those with dangerous but rewarding jobs, it’s a reluctant see you later to their colleagues and role at work; until the next day.

oil rig

Source Agencia Brasil

Oil rig worker

Yes in this day and age where technology can manufacture gigantic drills that weigh many tons and have their tips covered in diamond, oil rig workers are still very much needed. These men do all the dirty and intricate jobs machine cannot do. For example who else is going to look after and maintain the equipment? The rigs are offshore meaning the only way to them is by air transport. A helicopter is the choice vehicle to drop off and pick up oil rig workers that work mainly on tours that last several months each. They are in charge of the daily output of oil each day. Drilling far beneath the waves, the drills must be used in a precise fashion, so oil extraction is not only efficient but safe. It’s very common for workplace injuries both minor and nasty to be a part of the yearly cycle on the rigs. Puncture wounds, slashes and gashes, crushed limbs and broken bones are suffered by many workers around the world. However if you can brave the open sea conditions, love the comradery with your fellow riggers and get used to the physically demanding work, you’ll be paid a handsome sum of $100,000 a year. Many companies ensure they provide the healthcare for their workers too.

police sergeant

Photo source Dave Conner

Police sergeant

A police sergeant isn’t like his fellow officers. He or she is the one calling the shots on the ground. They play the role of a supervisor but don’t let that title fool you; they’re really hands-on. Police sergeants are in charge of teams of officers that are either consigned to a task force or in charge of patrolling a beat. They first must achieve a certified police degree which teaches them the skills of asset protection, security risk assessment, the ability to investigate and handle home and business property intrusions and be adept in sophisticated human intelligence gathering. The average salary is around $70-80,000 a year with the additional option of working toward a promotion to police chief where they head over six-figures such as $110,000.


Plan A Dream Wedding On A Budget

Dream Wedding Budget

A wedding is the most important day in many people’s lives, and because of this people will often save up for years and years in order to make the day as perfect as they can.

Weddings however are incredibly expensive when you consider the event planning, food, venue, photographer, clothes and everything else that goes into this one day. If you don’t have a lot of money to spend and still want to enjoy that perfect wedding day, there are ways you can save yourself some money and still have the best day ever.

Choose flowers in season

One great way to reduce the cost of your wedding decorations and the bouquet is to choose flowers which are in season at the time or your wedding. For example in the spring you could make use of soft colour with peonies, and in the summer you can make the most of roses.when flowers are in season they are cheaper because they don’t take as much time and effort to grow- this means you don’t have to pay through the nose for these sweet decorations. It can also add a lovely touch to the wedding because you will be getting flowers that fit your theme.

Place name favours

Wedding favours are usually a small token which you will offer to your guests as a thank you for them attending your wedding. They will often include things like a small goody bag full of things or even a gift like a photo frame or vase. If you want to save yourself a little bit of money and time for the wedding you can make favours which are also used as place names on the wedding breakfast table. For example a mug with your guest’s name on, it even a wine glass with their name engraved on the side which they can use throughout the evening. It only has to be a small favour and will make a cheap addition to your table decoration.

A potluck dessert table

If you want to save yourself a lot of money on fancy cakes and other desserts for the wedding party, you can ask some of your baking family members and friends to make something to add to the table. So many people are getting more involved in baking these days so it will be a good opportunity to take advantage of their skills. It can also be a nice way for your guests to feel involved in the wedding proceedings.

Simple table decorations

A great way to decorate your wedding table without spending too much money is to simply buy some small plastic crystals and in the centre you simply need a vase with a set of battery operated fairy lights. It is a very simple design which is effective and will look magical as the evening draws in and the lights are dimmed in the venue.

Photograph table centres

If you want to add a more personal touch to your wedding tables and you don’t want to spend too much money on them: you can print off some photographs of places you have loved over the years and use these as your table names and centerpieces. They are cheap, colourful and personal.

Use family jewellery

Rather than going out to buy a ton of new items for you wedding day, why not see if you can borrow some jewellery from your Mum or grandma. It will save you having to find your something old, and it have much more sentimental meaning to you and your family than a brand new set.

End of season wedding dress

Arguably one of the most important purchases you could make for your wedding day is the dress you will walk down the aisle wearing. It is an item of clothing which women dream of their entire lives, but it can cost a huge amount if you buy it in new. To avoid having to do so, you can wait until the end of the season and but your dress at a reduced price. The dress will still be great quality, but you won’t need to fork out the same money for it.

Create your own photo booth

Wedding photo booths can cost a huge sum for the night and it is often not worth the cost. However, if you still want the feel of a photo booth you can get a family member to lend your their camera: set it up on a tripod in the corner of the room and then make your own unique booth. Using a white sheet, some metal poles and some random costume props; you can create your own background and let people take hoots throughout the night!

Do your own makeup and hair

Although the idea of having your hair and makeup done on your wedding day is nice: it is expensive and often doesn’t turn out exactly how you want. If you are fussy with your hair and your makeup it would be better for you to do it yourself. You’ll have full control over the way you look and you won’t have to deal with too much contour or an aching head all day. Even if you don’t currently know how to do your makeup- you can spend time watching YouTube tutorials and practice.

Take your own car

A wedding car can cost a lot of money on the day of your wedding and it is something which you don’t necessarily even need. To save yourself some money it would be much easier to take your own car and ask a family member to drive you.

Use disposable cameras

If you cannot afford to hire a professional photographer for the whole day of your wedding, you can save yourself some money by using disposable camera during the evening reception. Place a few cameras on every table and allow your guests to take fun, active and candid shots throughout the night. It will be much more personal and give you some amazing memories to hold on to after the day is over.


If Time is Money How Would You Like More of Both?

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Most people have been taught as a child the limiting belief that you ‘need money to make money’ and it’s only the rich that invest in things such as the stock market or properties – yet today, someone with hardly any money can achieve financial freedom due to the information economy we are living in.

Today, with the power of content marketing for example, most people can build a substantial income from creating online courses, e-books, or blogs that companies pay to advertise on or recommend their product, at very little start-up cost!

See, the rich build assets. They don’t trade their time for money in the same way the majority of employees do; indeed, they have a completely different mentality. The employee’s mindset is focused on short term gain for long term pain whereas the investor is more focused on enduring short term pain for long term gain.

The investor’s mentality when starting out is that they are happy to endure financial hardship and exhaustion in order to build assets and systems that will provide for them time and time again in perpetuity. The employee’s mentality on the other hand is that they want a fair day’s pay for a fair day’s work; meaning, they want to see instant reward for their labour.

The investor’s mentality considers that they might work for no payment at all, for a few hundred if not thousand hours whilst investing their time and resources into building an asset such as a house, a book, or a high interest savings account – not seeing any benefit at first, but then, once they have that asset in place it provides time and time again, without them having to work.

The simplest way to describe this is to consider an author that sets out to write a bestselling book; they put a substantial amount of initial effort into the book’s creation without any payment, but if successful they will make a royalty from each sale, let’s say a $1 per book. If that book sells 100,000 copies then they make $100,000. If it sells two million copies then they make $2 million dollars! Yet, in both instances their initial effort remains the same.

This means that they are free from the financial treadmill of trading time for money as they are leveraging an asset time and time again. This is the formula for creating a more abundant supply of time and cash.

Now, presuming you don’t fancy writing a book, there are a number of simple ways you can start making money work for you rather than you having to work for it. Property investing, for instance, is a very popular choice but it presupposes you have good credit to begin with and a fair amount of capital or tangible security behind you in order to get started.

Content marketing is a great option, but not everyone wants the creative headache that comes from creating a blog or developing online courses.

Then there’s all sorts of investment opportunities with regard to the stock market, that it can be difficult to know where to begin. Indeed, many people are now looking to social trading platforms that basically allow someone to copy the trades of other people that (hopefully) have a better idea of what they are doing.

The challenge, however, when it comes to investing in the stock market is that whilst you could make money you could just as easily lose money, and unless you know what you’re doing it’s about as a reliable as putting your bet on the roulette wheel in a casino. That said, a great way to test out your strategy is to use one of the many stock market simulators available that let you ‘play’ at investing before risking your own money.



The most secure option, of course, is to invest your money in a high interest savings account and live off the interest, but the challenge with that, is you need to have a substantial amount to begin with, which most of us don’t.

In summary, if you want to have more time and money – focus on building long term assets rather than blinkering your vision to short term gains.


What to Do When Your Business Needs Money Fast

It’s not just in your personal life when you might suddenly need some money. If you’re running low on funds and you need cash fast, it can be tough to think of ethical ways your business can get what you need. Fortunately, there are plenty of options for you if you need to give your cash flow a boost. Whether you need to try and get the money you need within a couple of days or you have a few weeks or months to gather the funds, you can find a method of raising the money that will work for you.

Get a Cash Advance

A cash advance could be one possibility that’s available from some merchant account companies and payment solution providers. If you use a company to handle your credit card sales, you might be able to borrow some money that would then be paid back by future credit card sales. It was once a rather expensive method to use, but your options today could be much more flexible and easier to repay. It might sometimes be called a line of credit or known as another term, but you can often find this option and apply for the money you need in no time. Just remember to compare the fee to other possibilities to decide if it’s worth it or if there’s a better way to raise your money.

Get a Cash Advance

From Pixabay

Borrow Your Own Money

If you personally have money, but your business doesn’t, one option you might consider is lending your money to your business. Your business can then pay you back as the funds become available. There are several ways you might put your own money into your business, from using your savings to taking out a personal loan. However, if you’re considering using personal assets to bolster your business, remember that it doesn’t come without risks. If your business doesn’t make that money back, you’re now personally worse off, and your business isn’t doing any better either. Loaning the money to your business might work if you’re sure you can pay it back soon, but it’s important to be cautious.

Sell Your Equipment

Sometimes, your business might be asset rich but cash poor. If you need to change that, selling some of your equipment could be a good place to start. Maybe you’re looking for money for new equipment anyway, or perhaps you’re scaling back your business and don’t really need what you currently own. If you want to sell your equipment, there are a few ways you might do it. A lot of business owners will browse auctions if they want to save money on their equipment, so it can be a good place to start if you want a quick sale. You could also seek a second-hand equipment dealer to see if they want to buy from you.

Consider Crowdfunding

Crowdfunding can sometimes be a useful method for raising funds for your business. However, it’s not always best suited to anyone who wants to raise money quickly. You also have to be very smart about promoting your campaign to get it the attention it needs. It is possible to crowdfund and reach a goal in a short amount of time, but you already need to have the audience on various channels, such as social media and your mailing list. You also need to have an incentive to encourage people to invest their money. What do they get in return? It needs to be more than a good feeling for supporting your business.

Crowdfunding

From Pixnio

Look at Microloans

A microloan is a loan under a certain amount, such as $50,000, which is often easier to apply for than larger loans. Find a lender that specializes in smaller loans, and you could find that your business has an easier time getting the money you need. Some of them have loans that are intended for specific types of business, particularly those that might struggle to find funding from elsewhere. Try someone like Accion or take a look at the approved microloan lenders that work with the Small Business Administration. You might be able to secure a loan through your local SBA office if you have one.

Try Factoring Invoices

Factoring invoices is the practice of getting an advance on unpaid invoices. This can be useful if you’re waiting for payments, and you don’t want to hurry your customers along. You’ll get the amount on the invoice, minus the fee that factor will charge you, and when your client pays it will clear off your debt. Fees can sometimes be fairly high, so not all businesses will want to use this method of raising cash. Be cautious about using it because it might not be the best choice for you.

Provide Incentives to Pay Invoices

If you don’t mind giving your customers a bit of a push to pay their invoices early, that can be an easy way to make some money too. Instead of having to wait another month or two, you can encourage them to pay sooner so you can get the cash you need. Provide an incentive or two for early payment, such as offering a discount, cashback, credit, free delivery or anything else you can think of that they might want.

Encourage Some Quick Sales

Another way to quickly raise some cash for your business might be to encourage some quick sales from customers. If you can put on a special offer or create a discount for a short period, you might be able to drive some higher sales for a while. It might be enough to give your cash flow a boost and get you the funds you need. You could create a special discount code, give away a free gift or have a flash sale to get people interested in spending some money. Even offering free delivery can be enough to get people to make a purchase.


Wise money moves that you should make by the time you’re 50

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Are you someone who has always been delaying your money matters? If answered yes, now is the right time to take control over your personal finances. With the upcoming New Year, it is important to be careful with your finances so that you don’t spend another year drowning in debt and in getting harassing calls from your creditors and lenders. If you wish to set the next 50 years of your life right and you want to spend a financially sound life, here are few steps that you can take.

  • Accelerate the speed of paying off debt

When you work during the last few years before retiring from work, would you like to deal with heaps of high interest debt? Definitely not! In order to stay away from your current debt load during the time of retirement, you should start paying off your debt from now. Debt means anything from mortgages, car loans, credit cards with bigger credit card balances and personal loans which you have been carrying for a long time now. You will definitely hear from retirees that living without a mortgage is definitely monetarily liberating and hence you should work hard to make timely payments.

  • Take a close and careful look at your life insurance

Do you still don’t have adequate coverage on your life insurance policy? Or do you think you’re underinsured? If answered yes, as per recommendations from The American Council of Life Insurers recommend having sufficient life insurance coverage that is of 7-10 times your salary. Henceforth, if you’re someone who is earning $50,000 in a year, you would want a policy which could pay around $350,000 and $500,000 to your beneficiaries. People find out that by the time they reach the age of 50, the appropriate term insurance may be expiring and the life insurance requirements will increase.



  • Diversify your investments

This is that phase of life, you wouldn’t wish to make financial mistakes and investment blunders as they can derail your game plan for retirement. This is why you should ensure that you don’t invest your entire savings in only one investment account. In case you have investment, review your coverage or hire a financial advisor who can help you diversify your portfolio. Start adjusting your investment risk before you reach 50 years and this is how you can maintain the growth in the coming years.

  • Set up a trust or will

You must have delayed creating a will for too long a time constantly telling yourself that you don’t need to hurry about it. But hey, this is the best time now to update or create your will. You can either hire a lawyer or pay him for creating a will or you can leverage an online software or use forms bought from store which comprise of will that are pre-printed.

Therefore now that you know the different steps that you should take in order to spend a hassle-free retirement, what are you waiting for? Start taking immediate action and secure your long-term future.


Do you want to make some extra money this winter?

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Being a homesteader it is tough to become instantly ready for winter. No matter which month it is, you seem to be never ready for this season. It seems like there is always something more that you can do and there are a lot of people for whom it is a hardship to make money during this season. There are lots of homemakers who try to keep up with their full-time jobs which they do during daytime but there are some others for whom hours keep getting shorter because of the winter weather.

Since winter means the holiday season, how would you make up for the huge amount of expenses that you require making through Christmas and New Year? How about knowing some of the best ways to make those extra dollars? Here are some unique ways in which you can make money.

#1: Roasting chestnuts in open

It’s pretty cold in most places during winter and with that in mind, there are lots of people who will use heat from wood as their main source of heating or at least to reduce the heating costs at home. So, keeping that in mind, why don’t you sell firewood? While you can either cut down the trees in your locality or you can find out some place which sells firewood. By purchasing a bulk from them, you can charge a higher price for the delivery costs.

#2: Christmas tree farming

You will find Christmas tree farming to be a big business in many places. If you think you’ve got enough land, you could definitely consider growing Christmas trees behind your backyard so that it remains open to your neighbors and the public. People can be given the choice of choosing their own tree and take it home. You will get paid for this.

#3: Capitalize the snow

Most of us deal with snow during winter and there are few years when it snows pretty hard. People who are located in the colder areas are more worried about dealing with snow. However, did you ever wonder that this could possibly become a good business for people? There will always be the requirement of someone who will have to remove the snow. You can try investing in some snow removing equipment and make it a business this winter. Shoveling snow can help you earn a tad bit of money.

#4: Clean off leaves from the garden

We all know that fall leaves behind too may leaves fallen on the ground. Although it is a gorgeous sight but when it comes to cleaning them, it will soon become an intimidating task. There are people who invest in a sweeper who pulls off the mower and makes your lawn look clean. This will not only help you clean their lawn but it will also fill your pockets.

Therefore, now that you’re aware of the different ways in which you can earn money during winter, make sure you leverage any of the above mentioned methods.


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