Kartra vs ClickFunnels. The two most popular all-in-one online business platforms. ClickFunnels had a grip on the market for several years before Kartra came on...Read More
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Video content is slowly becoming the king of online information. More than 85% of internet users prefer video over other content types. No wonder then...Read More
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The post 14 Jobs That Will Make You Rich appeared first on Millennial Money.
If there’s one thing all young people should think about when considering going to college for a bachelor’s degree or master’s degree and eyeing the future, it’s making the most money possible.
There are many career paths to take. Some just happen to pay a lot better than others.
If your goal is bringing in a hefty annual income, you need to make sure you enter a field known for high salaries.
Ready to make money? Here are some of the highest-paying jobs on the market today.
Note: Many of the dollar figures listed below are based on average salaries in the U.S.
Make no mistake about it: If you want to get rich quick, being an entrepreneur is the way to do it. Just look at Elon Musk and Jeff Bezos as examples.
Granted, not everyone has what it takes to reach the billionaire status of a Musk or a Bezos. But as an entrepreneur, you don’t have to listen to anyone except your customers. And you can make a ton of money just owning a small business.
What you earn depends on the quality of your products and your desire.
Being an entrepreneur can make you rich in other ways, too. You won’t have to listen to a boss. You can work when you want to (within reason). And you’ll never have to ask permission to do things.
In short, you’ll be the boss and potentially escape the nine-to-five. No matter how many years of experience you have, there’s no greater reward than freedom.
Investment banking is hard work. It requires long days and even longer nights researching and making snap decisions that are accurate and impactful. The job is super stressful, but it also comes with a very high annual salary.
The nice thing about becoming an investment banker is that it has a relatively low barrier to entry. Success depends on your ability to work hard and make successful decisions.
They say money talks, and this is a field where the best rise to the top based on performance.
There’s a reason people spend years and years in medical school and accumulate hundreds of thousands of dollars in student loan debt to become medical professionals: It pays.
How much you make largely depends on where you’re working and the type of practice you’re involved in. For example, a doctor can make anywhere from $100,000 to $200,000 per year, while a surgeon could easily make twice or three times that much.
You can also earn a solid living by working as an orthodontist, anesthesiologist, or by getting a Doctor of Pharmacy and working as a pharmacist.
Ignore what you see on sites like Glassdoor about graphic designers making under $100,000 annually. Talented graphic designers who can branch out and freelance have truly remarkable earning potential.
Right now, there is a massive demand for content in outlets as diverse as websites, emails, magazines, marketing collateral, and books. Almost all of this content requires graphic design in some form or another.
Some graphic designers go to school to learn their trade, while others are self-taught. If you’re naturally talented, you may even be able to make a ton of money while you’re in high school!
When you think of a lawyer, you probably think of powerful attorneys arguing in court. However, there are many types of lawyers. There are personal accident lawyers, corporate lawyers, and estate attorneys, to name just a few examples.
One of the nice things about lawyers is that they are almost always in demand—and you can earn a nice salary, especially once you accumulate decades of experience.
If this sounds up your alley, maybe you should plan on getting a law degree.
People are willing to pay out big bucks to keep their pets healthy—and this bodes well for veterinarians, especially those who decide to open their own practices.
Being a veterinarian offers a unique chance to work with animals and people. It’s also a rewarding career with plenty of job security. And while it definitely requires a college degree, the annual salary will more than justify the investment in education.
The world is becoming increasingly digitized, with more and more apps and software services coming to market. As such, there is rising demand for software engineers who understand computer systems and can build these services.
Software engineers can easily earn a six figure annual salary, especially top earners who go on to work for the best companies and freelance on the side.
When you think of a real estate investor, residential real estate probably comes to mind first. Yet most successful real estate professionals go far beyond residential opportunities.
What it boils down to is that there are many types of commercial real estate investments to explore through real estate investment trusts (REITs) and direct properties.
If you invest while you’re young and put your money into the right growth areas, it’s possible to make a small fortune in real estate.
How much you can make as a CEO depends on a variety of factors, such as the size of the company, how much the company makes, and the industry in which you operate.
It goes without saying that if you start a company and name yourself CEO, you’re going to have a very different experience than being named CEO of a well-established company.
Both jobs offer strong earning potential and different types of pressure. And the truth is that both examples can be equally rewarding.
The thing to remember is that, as a CEO, you’ll typically have fewer decisions to make on a daily basis. But the decisions you make will have bigger consequences.
As such, you should be compensated well to make those bigger decisions for the organization. That’s why CEOs make so much money.
Working in sales today is very different than it used to be.
The stigma of being in sales and working long hours for little pay is no longer the case, at least in certain industries like technology or healthcare. The truth is you can make a lot of money with a job in sales.
The people who make it in sales have bulletproof strategies, thick skin, and the expectation that they will succeed and do well. If you can master the mental side of sales—and link up with companies that have stellar products—it’s possible to do very well in sales.
Keep in mind that the best sales associates are very discerning about who they work for. Reputation matters in sales, and it’s important to work for a company that offers the best solutions.
Companies live and die by the products and services they offer, putting a lot of pressure on research and development teams to produce offerings that align with their customer base.
Working as an R&D manager requires being able to work with data along with stellar communication skills.
However, it’s often a fun and rewarding position and one that can bring in a lot of money—especially when working with well-funded companies in emerging fields like artificial intelligence.
In a corporate setting, achieving goals takes a lot of planning and maintenance.
Strategy managers use data and insights to help companies achieve their overall objectives and maintain an advantage. Again, your annual income will depend largely on the company and the field.
IT administrators are playing a massive role in business today, especially in the new era of remote work.
With rising cyber threats, along with increased digitization and strong demand for networking services, IT administrators are in high demand.
Declining stigmas around mental health put psychiatrists in strong demand—especially following the outbreak of COVID-19.
Psychiatrists play a vital role in society, and they also charge a lot of money for their services. As a psychiatrist, you can easily earn a six-figure salary. The hardest part may be keeping up with demand.
Job seekers have many things to consider in a job search, like location, rules and regulations, work from home opportunities, and the size and reputation of a company.
However, leave your ego at the door: the most important thing you should consider if you’re looking for a high-paying job is money.
All too often, people settle for jobs that don’t pay as much as they should. Don’t let that happen to you.
Stop settling and start earning a higher salary. That should be your biggest priority.
If your entry-level job has a lower starting salary than you want, you have a few options.
If you like the company, you can consider doing what you need to do to advance, whether that’s asking for a raise, going back to school, or upskilling to create more value.
If you don’t like the company or even the field, it’s time to get out and advance yourself. Look elsewhere for greener pastures. You can also start a side hustle at night to bring in some extra cash and, ultimately, build a full-time business for yourself.
The above list contains just a few examples of high-paying jobs. In many cases, the more specific you get, the more you can earn.
For example, the job of petroleum engineer, computer science worker, air traffic controller, actuary, aerospace engineer, and financial manager can also earn big. The list goes on and on.
The truth is that if you want to make a million dollars, this requires looking beyond your full-time job. You need to think like an entrepreneur and start looking for limitless earning opportunities to get to millionaire status.
It’s also important to remember that it’s not about how much you make but rather how much you enjoy your work that’s important.
By figuring out what you’re interested in and finding the highest paying job you love, you’ll be well on your way to a rewarding career that leads to long-term financial independence.
Only one question remains: What’s your best wealth-building path?
The post 14 Jobs That Will Make You Rich appeared first on Millennial Money.
The post Get Paid to be a Personal Grocery Shopper appeared first on Millennial Money.
Are you the kind of person who loves grocery shopping? If so, nobody has to ask you twice to hop in the car and head to your local grocery store. All you have to hear are the words we need food, and you’re already en route.
Here’s some great news: Grocery shopping doesn’t have to be just a hobby. You can actually get paid to roam the freezer aisles and indulge in the cool mist of the broccoli section. This is all possible by working as a personal grocery shopper — which you may even be able to do full-time if you dedicate yourself to the cause.
With that in mind, here’s how to make this dream a reality and become a full-service shopper.
One of the fastest and easiest ways to become a grocery store shopper is to sign up for a concierge service like Instacart or Shipt.
These apps enable you to create a profile and connect with other shoppers. People place orders through the app and provide instructions, and you hustle to the nearest grocery store and handpick the items.
Instacart even gives you an option to chat with customers in real-time as you pull loaves of bread and fresh apples from store shelves. This is important, because the more care you put into shopping, the better people tend to tip.
These apps essentially enable you to be your own boss, shopping whenever you want on your own time. Shipt also offers a nice community feature where you can exchange tips with other shoppers, attend parties, and get perks like free memberships.
The main difference between Instacart and Shipt is that you have to apply for Shipt. On the other hand, just about anyone can shop for Instacart as long as you meet their basic requirements.
Another platform that you should familiarize yourself with is TaskRabbit, which is a site where Taskers can perform odd jobs for members of their community.
Unlike Shipt and InstaCart, TaskRabbit provides access to a much broader range of jobs. For example, you can get paid to help people move, complete yard work, assemble furniture, and mount televisions, among other things.
When shopping for groceries on TaskRabbit, you simply review various tasks that need to be completed, apply for a job, and connect with the individual if they accept your proposal. You can chat with the person to confirm details before agreeing to take on a project.
After you’ve got the scope of the task down, it’s time to shop for groceries, deliver the items, and get paid through the app. Do the best job you can because people can also write reviews. Good ones could get you more gigs, while bad ones could make it harder to get work.
Learn more:
Three other apps that you should check out are Postmates, Saucey, and Uber Eats.
These are on-demand delivery apps for groceries and everyday items, alcohol, and food, respectively. When working for these apps, you don’t actually have to shop and pull items off of store shelves. Upon arrival at a store, you’ll receive a notification as to whether the order is ready or not. Then you’ll pick up the items and transport them to their destination.
This approach comes with a lot less hassle. However, the tradeoff is that customers don’t tend to tip quite as much because you’re doing less work.
Learn more:
Keep in mind that you don’t have to work exclusively through concierge apps to deliver groceries. Another approach is to form direct connections with community members and become their personal grocery shopping solution.
For example, you may have an elderly neighbor or friend of the family who may appreciate a personal shopper. You can even create social media posts advertising your services. Chances are someone may know an individual or family who requires assistance picking up items once in a while or on a steady basis.
Yet another approach that you can take is to advertise your services on Craigslist. Just keep in mind that there are many scams. As such, you should be very careful about connecting with strangers, clicking on any links, or exchanging personal information.
If you work with someone on Craigslist, use a secure payment app like PayPal, Zelle, or Venmo or make a cash transaction.
The nice part about working independently instead of for a concierge app is you won’t have to pay a service fee. You’ll get the full commission on any job that you do. If you shop frequently, this could result in big savings — supercharging your journey to financial independence.
Local independent retailers are doing everything possible to compete with larger supermarket chains — giving you a great opportunity to help them provide a delivery service.
Consider approaching local stores and offer your delivery services. You may be able to land a part-time gig driving items around to local customers. You may even be able to secure a dedicated route, bringing loyal customers their items on a weekly basis.
Learn more:
Most delivery services don’t require you to have a commercial license to deliver groceries. However, you do need an active driver’s license and most likely a clean driving record. If you’re interested in becoming a delivery driver, be prepared to pass a background check.
If you want to use apps like Instacart and TaskRabbit to make deliveries, you’re going to need a functioning smartphone. Either iPhone or Android will suffice.
Just make sure the phone is up to date and in good condition so that it remains functional when driving around and making deliveries. The last thing you want is a phone that’s prone to breaking or acting up.
Most delivery services require you to have a functioning car that’s in decent condition. It’s also a good idea to consider extra auto insurance.
Talk to your insurance company to make sure you have protection before getting started.
If you get serious about delivering groceries and start working a lot, the money is going to pile up. When this happens, make sure to form a budget with a solid savings and investment plan. That way, you can save money and build a secure future for yourself.
If you play your cards right, you may be able to put enough money aside so that you can pay someone else to shop for your groceries someday.
The trick when performing any kind of labor job like grocery shopping is going above and beyond to make the customer happy.
Make sure to chat with the customer in advance and send them some messages while shopping. Let them see that you’re not just reaching for the first apples that you see. Rather, you’re sorting through the McIntoshes and handpicking the best ones that don’t have any dents or bruises.
If you do this, you’ll get better tips, better reviews, and more money. You may even hit it off with someone and become their personal shopper.
While you’re out and about shopping for groceries, consider downloading the Uber or Lyft apps. These rideshare services can connect you with local community members who need rides to and from various destinations.
For example, Mary may need a lift to Bank of America. Or, Tony may need to take a trip to the Home Depot. You can help them get there and make some extra money in the process.
If you’re out in the country or suburbs, you may have trouble finding consistent grocery shopping gigs. It may be worth heading into your local city, be it Los Angeles, San Diego, Omaha, Austin, or anywhere in between.
Large metropolitan regions with more people will have more consumers who need groceries delivered to their doorsteps.
Hy-Vee is a supermarket chain across the Midwestern U.S. The company is known for offering high-quality products with friendly customer policies and low prices.
Instacart shoppers pay for items using prepaid credit cards. This means you don’t have to use your own payment card to pay for grocery items. The company handles this process for you and ships you a card in the mail.
Delivering groceries can be hard work. If you want to make real money, you’ll need to put in long hours and spend a lot of time interacting with customers.
That said, driving has its share of benefits. You’ll be out and about in your community instead of being stuck behind a desk all day. Plus, you’ll have flexibility over your schedule while bringing in extra money to put toward monthly expenses.
Like with most jobs, delivering groceries depends on your perspective. You may find that it’s an excellent job that you enjoy doing. Or, you may find that it’s not for you. Give it a shot and see for yourself.
Some grocery shoppers are independent contractors while others have part-time jobs with local store owners. There are also shoppers that work under the table, taking jobs online through sites like Craigslist.
Just keep in mind that if you work as a 1099 contractor, you’ll need to take money out of every paycheck to pay taxes. If you don’t, you could run into trouble with the IRS.
For the best results, consider working with a tax advisor to help you prepare your taxes and figure out how much money to set aside.
Even though you might not think so, driving for a grocery delivery service and picking up grocery orders can be a healthy source of income.
Many apps and companies let you set your own schedule, enabling you to essentially start your own shopping business and be your own boss.
To be fair, grocery shopper jobs aren’t always easy. But if you enjoy shopping and want a job that gives you a flexible schedule, this may be the perfect opportunity.
Just remember to save the money you make, pay off your debt, or invest it in growth opportunities. With the right work ethic and investment approach, you’ll be on the path to financial freedom.
The post Get Paid to be a Personal Grocery Shopper appeared first on Millennial Money.
The post Top 31 Ways to Make $20 Instantly appeared first on Millennial Money.
You’re looking to make $20 — and you want to do it as fast as you can.
Here are 31 ways to get your hands on $20 quickly.
Taking online surveys from sites like Inbox Dollars, Survey Junkie, or Swagbucks is an easy way to earn money, which you can cash out via check, PayPal, or in the form of gift cards to retailers like Amazon and Walmart.
Most sites offer instant signup bonuses that range from $5 to $10, so if you sign up for a few of those, you have $20 right there.
To be clear, many survey sites are scams, but the above examples are legit. In addition to taking surveys, you can get paid to watch videos, test new products, participate in focus groups, and for a variety of other online tasks.
Basic household necessities like food and household supplies can drain your budget.
Good news: You can recover some of these costs using Ibotta, which puts money back into your pocket when you buy everyday items.
At the time of writing, Ibotta is offering up to $20 in welcome bonuses — meaning it’s a great way to instantly drum up cash.
Get paid to shop for other people’s groceries using Instacart.
Here’s how it works:
The more effort and care you put into selecting grocery items and communicating with the customer, the better tip you are likely to get. Do a few trips in a row to increase your earnings during your free time.
Car owners have a unique opportunity to get paid to drive with rideshare services like Uber and Lyft.
These services essentially turn your car into a cab, giving you the ability to pick up passengers in your spare time and drive them around town to various destinations like the airport, the bank, or work.
Just keep in mind that services like Uber and Lyft take a cut of whatever you bring in. If you don’t want to fork over a commission every time you pick up a passenger, consider forming direct relationships with individuals on the side, asking for referrals, and working as a private driver instead.
Freelancing is tough work. However, if you have the patience and skill, you can join the legion of bloggers and graphic designers that make money freelancing on sites like Fiverr and Upwork.
Depending on your skillset and area of focus, you can easily earn $20 per hour as a freelancer.
As a general rule of thumb, you shouldn’t treat the stock market like a carnival game. Instead of throwing your money into random companies hoping for quick gains, you should think long-term and invest in solid organizations with proven track records of success and solid dividend yields.
That said, the people who invested in GameStop using discount brokers like Robinhood or Schwab laughed all the way to the bank — especially those who got GameStop as a free stock before it exploded in value. At least for a little while.
Trading stocks for fast gains is incredibly risky. But it can sometimes produce quick cash if you happen to get lucky. Just use caution when investing, or you could lose a significant amount of money very quickly.
Another place where creative professionals can make a quick buck is Etsy, an online marketplace for wares of all types, from potholders and earrings to T-shirts and even digital products.
Etsy is great because it saves the step of designing and managing a website. Etsy does all the heavy lifting on your behalf, giving users an online marketplace while also providing marketing support and directing traffic to your store.
A popular trend that many Etsy sellers have started to capitalize on is selling printables or digital downloads. With this strategy, you create the product once and sell it as many times as you want with no need to worry about shipping or fulfillment.
To start selling on Etsy, you don’t have to get accepted to post items. You just need to create one product in order to open your shop. It’s free to join, although users do have to pay some sales and advertising fees.
Chances are your neighborhood is full of people who need help completing everyday tasks like assembling furniture, painting walls, setting up or clearing patios, and mowing the lawn.
One way to connect with individuals and find side jobs is through the TaskRabbit app, which offers a safe and convenient way to get paid for handiwork services. Taskers can easily make $20 or more depending on the job and location.
The great part about using an app like TaskRabbit is that you don’t have to work with the same person twice if you don’t want to. However, you can also form personal connections and receive steady work if you do a good job.
Add it all up, and TaskRabbit offers a lot of flexibility to work on your own terms.
Everyone has an electronics graveyard buried deep in their basement or closet. This is where you send old television screens, smartphones, DVDs, and video game systems when they are no longer needed.
Turn this pile of dust-collecting electronics into cash by selling them to Decluttr — a company that pays for unwanted tech items and even provides free boxes and shipping.
Decluttr wipes electronics of old data and either recycles them or sells them in their online store.
Postmates, Grubhub, and DoorDash provide platforms that enable you to connect with local businesses and consumers and deliver items on demand.
Working for these delivery apps is similar to driving for Uber or Lyft, except you don’t have to pick up any passengers. The apps connect you with local opportunities and compensate you for successful and timely deliveries. You can get paid for deliveries and earn tips.
Again, these services charge commissions and fees. Keep track of how much you’re losing in commissions when driving for these services, and consider partnering with local businesses directly to earn more money.
If your car spends most of the day sitting in a parking space, you should strongly consider putting it to use on a site like Turo, a leading car rental app.
All you have to do is list your car and connect with local community members who need transportation for work or personal reasons. For example, someone may need to borrow a pickup truck to transport a large item.
Posting on Turo is generally safe, as you have visibility into who is renting your car and what they’re using it for. The site also lets you set rules like whether smoking or eating in the vehicle is allowed and provides insurance to protect your property.
It’s also possible to make money fast by renting your living space on Airbnb.
This is something you can do if you’re a homeowner or if your landlord gives you the option to sublet your apartment. The amount you charge generally depends on the location and quality of your living space.
Head over to Facebook and take a look at your friends list. There is a strong possibility at least a handful of people have young kids and need a night off.
Consider sending messages to people who fit this description, letting them know you love working with kids and you’re looking for extra work. Some people may just be looking for an excuse to have a night away from their kids and may take you up on the offer.
If you show up on time and do a good job you could land steady part-time work. Pay is typically under the table too, which means quick cash.
Another way to land babysitting gigs is through sites like Care.com.
Taking care of pets is another great way to earn extra income. By providing basic pet services like walking, feeding, or simply visiting with animals during the day, you can get paid to spend time with animals and help out their owners.
Pet care requires patience and a genuine love of animals. It also requires people skills and being able to work with pet owners who may have specific demands or instructions for their pets.
If this sounds like something you’re interested in doing, check out Rover to find gigs.
Having artistic talent is a gift that you should not waste. Yet, oftentimes artists fail to turn their ideas into cash because they lack the means to put their artwork onto everyday objects like mugs and hats.
One way to get around this challenge is through Amazon Merch, a site that lets you post your artwork and connect with buyers. Any time someone uses your design, you can receive a royalty. It’s a fast and easy way to put your artwork in motion and start generating income with your ideas.
And if merch isn’t your thing, there are plenty of other ways to make money on Amazon.
Most consumers pay a monthly service fee to a streaming provider like Spotify, Amazon, or YouTube to listen to music.
Did you know you can get paid to discover emerging artists and provide reviews?
For example, Music Xray is a platform that artists use to share new music with listeners and get feedback before publishing tracks. You can get paid to listen to and rate music across multiple genres.
If you’re a music buff, why not give this a whirl?
People with sharp listening and typing skills should consider transcribing audio for businesses and professionals.
Most companies today are using automated transcription services to turn things like audio interviews, podcasts, and customer calls into text form. However, these services are not always accurate and require editing.
As such, there are many opportunities to turn audio into polished and legible text. You can make money transcribing raw audio or editing existing text.
In the past, office assistants needed to be on-site. These days, most companies are operating remotely and using virtual assistants to help with daily administrative tasks.
It’s possible to work as a virtual assistant on a flexible basis, taking on jobs as an independent contractor. Some assistants also choose to work part-time.
Consider working as a virtual assistant if you’re highly organized, capable of multitasking, and good about following through on tasks and paying close attention to details.
Internet users often head to sites like JustAnswer or Quora to ask questions on a variety of topics — and they often rely on community members for responses.
If you’re qualified in your particular field (for example, if you are a mechanic, teacher, lawyer, or doctor), you can bring in extra cash by answering questions on JustAnswer.
The site pays each time you answer a question.
Not everyone has a strong network of friends to rely on. This can be problematic and damaging for mental health and well-being.
One site that helps people who need friends is RentAFriend, which lets you hire friends from just about anywhere.
That means you can get paid to be someone’s friend for a few hours — doing things like playing golf, working out, shopping, or attending sporting events.
If you happen to live in a wooded area, you may have an abundance of firewood laying around that you can sell for cash to people in your community.
First, do your research to learn what kind of trees are on your property. If they are the types that make good firewood (i.e., hardwoods like oak, maple, or hickory), then it’s time to fire up the chainsaw.
If you aren’t sure how to handle a chainsaw and have no experience cutting down trees, maybe skip this one.
If you’re like most people, you reach for your phone at least 1,000 or more during the course of a week — checking for messages, emails, sports scores, financial updates, and more.
That’s a lot of usage. And, believe it or not, you can actually get compensated for it.
Slidejoy is an app that pays you for simply unlocking your phone. All you have to do is install their app, and view their news feed or promotions on your lock screen. You’ll see things like shoes or clothing, instead of a blank screen.
Using a service like Slidejoy can produce around $20 per month just for accessing your phone. You don’t have to buy any products or ask others to sign up either.
Take a look around your house and scan for unwanted objects like old bookshelves, dressers, sofas, or kitchen equipment. Then consider listing them on a selling app like Facebook Marketplace or Nextdoor.
This is a great way to free some space and liquidate unwanted materials in the process. It’s a win-win.
Large companies often outsource customer service positions to at-home agents. You can get paid to answer phones, emails, webchats, and social media inquiries from customers.
Customer service jobs tend to pay hourly. Companies typically provide training and may require you to stick to certain protocols or scripts.
Either way. this is a great way to make real money — especially around the holidays, as companies often tend to hire seasonal customer service reps to handle the busier times of the year.
People who are skilled in certain areas like teaching English, art, or music should consider teaching online courses.
If you decide to work for an English teaching site like VIPkid, you’ll need to meet their prerequisites. However, you don’t need any certification or prior experience to set up a course.
Think about an area where you excel and consider putting together a training course based on your expertise. If you’re thinking about trying your hand as an online teacher, another site to explore is Udemy.
If you live in an area with heavy tourism like New York, New Orleans, or San Francisco, you could make some extra money by working as a local tour guide.
You can either partner with a tour agency or launch a business and offer your own custom tours. This is a great way to earn extra money and meet a variety of interesting people in the process.
Mistplay is an app that lets users earn gift cards for playing video games. There is also a loyalty program that pays $5 for every 1,500 points that you rack up.
If you like to play games, Mistplay is one of the only and best ways to get paid doing just that.
It may be time to take a hard look at your vehicle and think about selling it. If you’re working from home full-time and you don’t drive often, you’re probably losing money on your car.
It’s easier than ever to get around today, thanks to rideshare services. You could also get around town for free by walking or biking. And when you need a car for a long trip or busy week, you could always rent one for a short period of time.
As an added bonus, selling your car could give you an opportunity to repurpose your parking space or garage. You could rent it to someone else, or if you own a garage, turn it into a home office or creative studio.
Round up any unused savings bonds that you have from when you were young and check to see if any have matured. You may be able to make some immediate cash just by cashing them in at the bank.
Just keep in mind that you will likely have to pay taxes on your bonds’ earnings when you redeem them. However, this could provide instant access to hundreds or even thousands of dollars.
It may seem counterintuitive to make money by paying off credit cards. However, if you’re in heavy debt, paying them off is one of the best things you can do to improve your financial situation. Once you do, you won’t have to worry about making monthly payments, allowing you to invest and save money again.
Focus on tackling the card with the highest interest rate first. You may also want to consider consolidating your credit cards by taking out a loan with a low interest rate.
Some situations call for immediate access to cash, and there’s no way around it.
For example, you may lose your job and have nothing in savings, making it impossible to pay rent or put food on the table. In this case, you may not have the means to go hours or days without money.
In this situation, you can potentially take out a personal loan to make ends meet. Just remember that any time you take out a loan, you’ll have to pay back the money with interest. Failure to do so could damage your credit score and result in relentless pursuit from lenders.
And keep in mind that if you’re desperate, you’re probably not going to get a very good interest rate, meaning your debt could quickly spiral out of control as you struggle to make even the minimum payments. Treat loans as a last resort. But use them if necessary to pay bills or cover emergency expenses.
A side hustle is a strategy that people use to make money on top of their normal day job. For example, a side hustle can be anything from walking dogs to building websites, to cleaning houses.
All types of professionals have side hustles, from entry-level workers who are just starting out to those with the highest-paying jobs in their fields.
Rakuten is a leading cashback website that rewards you for shopping in its network of over 2,500 participating retailers. You can earn cash back just for making everyday purchases. Not bad!
Passive income involves making an initial investment in the form of money or labor and benefitting from that investment with recurring payments or royalties. It’s money that you don’t have to work for consistently.
For example, you might write a book and receive royalties over a 30-year period. Or, you might put together an online course, or purchase a rental property, that provides a steady stream of revenue for years.
Banks, credit cards, and survey sites often offer sign-up bonuses for new accounts. For example, you may receive $200 for opening a bank account and keeping your money in there for a certain amount of time.
Sign-up bonuses can be worth it, but don’t sign up for a new bank account or credit card only to get the reward. Make sure you actually like the bank and understand the terms and conditions.
Yes. Nielsen is a leading market research company that pays customers to participate in surveys and studies. For example, you can get paid just for keeping their app open on your cell phone so they can collect consumer data. Nielsen is a trusted company, and it’s definitely not a scam.
Kind of. Stimulus payments aren’t completely free because the federal government needs to pay for them, and that money comes from your tax payments. However, stimulus payments aren’t treated as taxable income. So, while they aren’t technically free, they aren’t directly taxable.
At the end of the day, is it really worth focusing on making just $20?
Most likely, your efforts are better spent thinking about ways to bring in $20 each hour, or each minute.
Never forget that your time and skills are valuable. In the digital age, if you’re motivated to make money, you should have no trouble finding ways to do it. And once you invest that money, it can work on your behalf day and night.
So get to it! The harder you work now, the sooner you’ll get to financial freedom.
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