"Riches cover a multitude of woes." - Menander
Bridging the gap between saving money and investing
If you’re looking for a quick and easy way to make some extra money online, paid survey sites are where you should start. Paid surveys can be one of the great ways to earn extra cash while you work the hours you want. And, when you want to work as little as possible, or even work when it’s too late in the evening or early morning, these surveys offer you the opportunity to do just that! [Read more…] about 4 Reasons Paid Survey Sites Are One Of The Best Places To Earn Money
Getting to a net worth of one million dollars is a goal for a lot of people. Millionaire status is a hot topic on most finance websites, as it comes with the idea of long-term financial stability. Even those who aren’t obsessed with money have good reason to work toward it, as it means security for themselves and their family. While it seems that this goal is unattainable, there are common traits of millionaires that can help you get there. By implementing these in your life, it could make the road a little less scary for you.
There are a lot of “get rich quick” investment strategies out there. It seems that anybody who watches finance videos on YouTube is going to be targeted by ads covering things like drop-shipping and day trading. While there are a few people who famously made millions doing this, it isn’t the common factor among wealthy people. Their wealth comes from more conservative, reliable investment strategies. Accounts like IRAs, index funds, mutual funds, and others are great ways to create reliable growth over time. They are low risk, and therefore seem a lot less glamorous than their short-term counterparts. The issue with the “fast” ways of doing things is that most people lose money on them. Becoming a millionaire usually takes time, so don’t let yourself get distracted by the rush.
To the majority of millionaires, knowing where your money comes from and where it goes to is of vital importance. Budgeting, whether you do so strictly or not, is almost a requirement to ensure you end up meeting your goal. You need to address how much money you are making, how much is going to taxes, and how much you actually need to spend. This will help you address issues of overspending, which is the trap most people fall into. Having a budget and a plan to increase your income is a great way to keep updated on how close you are to millionaire status.
The previous tip is so important, we even recommend that you get professional help if you don’t have much experience with it. Wealth management professionals, CPA’s, and other finance experts can all feed you valuable information that will carry you closer to financial freedom. Use these resources to build your financial plan, and get feedback on your budget.
While it doesn’t look the same for everyone, self-investment is a major through-line among most millionaires. Whether it is spending on education, investing time to learn a skill, or getting quality tools and equipment, these investments can rapidly shift you in the right direction. High-level degrees can make you great money as a doctor, lawyer, or engineer. Time spent on a trade can make you a desirable mechanic, artist, or assist in many other occupations. For most of these jobs, reliable transportation, work equipment, and housing are paramount to maintaining your success. So, don’t be hesitant to invest in yourself, so long as you can afford it.
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Learning how to make $50 a day can significantly improve your finances. You can use that extra cash to pay down debt. Alternatively, you can put it into savings. There are many different ways to earn this extra cash through hustling, passive income, and making money online. Here’s a roundup of suggestions to get you started.
There are things that you already own that can help you easily begin to earn extra money. Let’s start there:
If you have a spare room in your home that you can rent out then this is one of the quickest ways to make $50 a day. After all, that’s as cheap or cheaper than most hotel rooms. Therefore, people are often willing to pay that rate. Of course, you should take into consideration that you’ll spend a little more doing extra laundry and cleaning, but overall this is one of the most consistent ways to earn that extra cash.
If you aren’t using your car every day then why just have it sit there? Instead, figure out how to make $50 a day by renting it out to others who need to use it temporarily. There are sites such as Getaround that make it easy for you to navigate setting this up.
If you have extra space for storage then you can rent that out to someone who needs it. Of course, whether or not you can make $50 per day doing this really depends on your area. Right now in San Francisco there’s a huge exodus of people leaving the city, at least temporarily, due to COVID-19. As a result, storage rental prices have drastically risen. People need that storage space so they’re willing to pay high prices.
That said, you can also get creative to make more money from your garage. For example, could you rent it out a few nights a week to different bands that need rehearsal space? What about renting it to an artist who needs a studio? Or, during these times when people are working from home, you might even be able to rent it out as a “man cave” / “she shed” to people who are happy to pay $50 per day to escape from home for a little while.
Do you have a parking space in your building that you don’t use? Or do you own a home with its own garage? If so, and if you live in an area where parking is at a premium, then you might be able to rent out your parking spot. Here in San Francisco, it’s not impossible for people to make $50 a day renting out their parking spot to travelers who are staying in certain neighborhoods.
Declutter your home and sell everything that you don’t need. Become an eBay seller. Try Poshmark. Sell your books online. Sell your old computers, phones, and gadgets. Although this isn’t sustainable forever, since of course your amount of stuff is finite, it’s a great way to make $50 / day for a short period of time to boost your savings or pay down debt. And, if you discover that you really like selling stuff, you might be able to parlay it into a side job doing the same work for other people at a commission.
It’s nice to be able to make use of your possessions to earn extra money. However, honestly, when most people think about how to make $50 a day, they’re thinking about what they can do online in their spare time to earn that extra cash. There are many great options:
Notably, this isa real full-time professional job so it’s not easy to break into if you’re new. That said, if you already have skills that translate well then you can begin finding work fairly quickly. For example, if you have already done content writing within the context of your work history, then you can brush up your resume to reflect that and start looking for freelance writing jobs. If you have a graphic design background, there’s work for you as well.
Anyone who has basic administrative experience can parlay that a job working as a virtual personal assistance for someone who needs help across all kinds of different fields. And even without that kind of experience, there might be jobs out there for you. If, in your spare time, you’re happy to help someone schedule their appointments, book travel plans, and organize their calendar then you might do well in this kind of work.
Of course, this is a hybrid offline/online job as it requires that you leave the home but also that you’re connected to the Internet constantly. In any case, this kind of app-based gig work using your car is one of the most popular ways that people turn to today when looking for how to make $50 a day.
In the same vein, you can sign up with a site like Instacart to do shopping for others.
The truth is that you will have to spend quite a few hours of the day doing this if you want to make $50. That said, it’s not impossible. And it will put some extra cash in your pocket. Learn more about getting paid for your opinion here.
If you’re already online regularly for your day job then you might want to know how to make $50 a day offline. After all, you can only stare at a screen for so many hours of the day. Luckily, there are a lot of fun gigs that will allow you to earn some extra cash:
If you’re an animal lover then this can be one of the most pleasurable ways to make that extra cash. Whether you join a service like Rover, set up an account on a site like Care.com, or simply head to the dog park and use word of mouth, you should quickly find it easy to get gigs. You can walk one or more dogs at a time. You can petsit in your home or in someone else’s.
This is often a spinoff of petsitting because so many of the people who want you to stay in their home expect you to care for their pets. However, that’s not always the case. Even if you don’t want to watch pets, you might be able to get some good house sitting gigs. Some people just want a person who will water the plants, collect the mail, and accept deliveries while they are away.
If you prefer children to pets then perhaps you’ll want to get a gig taking care of them. This can be a delightful way to spend a few hours, easily earning $50 or more per day.
During the pandemic, children have started doing a lot of their learning at home. Parents don’t always have the time, skills, energy, or willingness to devote to educating their children. Therefore, there’s a growing interest in home-based tutors. (Of course, this can also be an online job or a hybrid of the two.)
Do you excel at and enjoy organizing closets, files, and other areas that many people keep cluttered? If so, people need your skills. Start by offering to declutter for friends for a small fee and take it from there.
Do you know how to sew? What about reupholstering old furniture to make it look new? If you have domestic skills like these then you can market those. This is a great way to start making extra cash, perhaps doing something that you really enjoy.
Mow lawns. Rake leaves. If you can do a bit of gardening and landscaping then you can earn even more money on the side.
Remember when you were a teenager and you were willing to accept almost any job just to start earning some money? If you’re looking for how to make $50 a day then go back to that mentality. Get a job at a coffee shop, a fast food restaurant, cleaning offices. Work the minimum number of hours required to earn that small amount of money. Since it’s your second job and not your career, you might even find that it’s kind of relaxing this time around.
If you’re still asking how to make $50 a day in other ways, here are some miscellaneous extra ideas:
What is your favorite way to drum up $50 a day quickly?
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There are so many different ways to make a little bit of extra money. For example, you can sell food. Whether you sell it at farmers’ markets, from a food truck, going door to door, or through a small online business, selling food can be a great way to garner some new income. You want to find easy food to sell, especially as you start out. After all, you want to make money, not spend a lot out of pocket to get started.
Before you begin to sell food, you need to think about what kind of business do you want. Some examples of food-based small businesses include:
Depending on where you live and how you want to sell your food, there are legal issues to think about. These include general issues about small businesses, such as setting yourself up with a business license. Additionally, there are specific rules about food-based businesses. For example, you may have to determine whether your local laws allow you to cook from your own kitchen or require you to rent space from a commercial kitchen.
If you want to make a lot of money, then you need to look for easy food to sell. There are two different aspects to what “easy foods” means:
If you can prepare food quickly, inexpensively, and easily, then you’re getting off on the right food. If you’re choosing foods that sell well because of their popularity, then you’re going to sell out. That’s how you make money.
When deciding what you want to sell, there are some important factors to take into consideration. Ask yourself the following questions:
In other words, you want to think about your market, your experience, your passion for food, and the cost of both time and money that you’ll invest into this business. Ideally, you will come up with a food that’s inexpensive to prepare, easy and fun to make, and popular but also unique from what’s already available around you.
Your market may vary widely in terms of which foods sell easily. For example, in some places, the easiest food to sell is French Fries. In contrast, other places have good niche markets for organic, artisanal, vegan food trends. You’ll have to research your market to figure out what’s going to sell easily in your area. With that in mind, though, here are some examples of easy food to sell:
You’ve already reviewed the legal issues for starting a food business. You’ve looked at some easy food to sell. Moreover, you’ve thought about how your food interests intersect with popular foods to come up with a good product to sell. Here are some additional factors to consider before you decide for sure what food to sell:
You can start a business selling food. It might turn out to be not just a passion project but one that you earns you a solid steady income. If you really love the work, it could even turn into a professional small business. That said, you want to make sure that you start slow, invest your time and money wisely, find easy food to sell, and then grow your market over time.
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Do you feel like you’re in a financial rut? Has your income remained relatively stable over the past few years? Do you want to grow your income in a proven and sustainable way? Well, this article is for you.
So much of increasing your income has to do with being in the right place at the right time. And while there is an element of luck/chance involved, most successful people get to where they are by doing the little things right.
Here are some tried and true principles you can use to increase your income in both the short-term and long-term:
There’s always going to be an element of time involved. Experience is arguably the number one asset you can have on your side. Not because of the time involved, but because of what repeated immersion in your area of expertise yields.
As you gain experience in your profession, you see the good, the bad, and the ugly. You experience success and failure. You learn what works and what doesn’t. You become a trusted voice.
Rather than constantly shift jobs until you find your “dream job,” stick with a job that has potential and gain the experience needed to command a higher salary.
Most people assume that the best strategy is to cast a wide net. They assume that a general degree, a general job, or a general profession will give them the best chance of being successful. But nothing could be further from the truth.
If you study the most successful people in the world, you’ll find that most of them are in very specific niches. In fact, there’s a popular saying in the business world that there are riches in niches – or niches get riches.
The more you drill down into a specific area, the more potential you have to become an expert. And people don’t pay top dollar for general products or services. They pay premiums to people who are experts. Prove yourself to be an expert in a niche and watch your demand skyrocket.
If you’re standing still, you’re falling behind. It doesn’t matter where you are in your career, you must constantly be learning. A failure to do so gives others the chance to surpass you. (You might not feel like you’re getting passed in the moment, but you’ll suddenly look up in three years and all of your peers will have moved on to bigger and better things.)
You don’t have to go back to college to continue learning. You can take online courses, read books, and listen to podcasts. Surround yourself with knowledge and you’ll find yourself improving with time.
There’s something very valuable about having one-on-one time with someone who is older and more experienced than you. This is called having a mentor – and you need one!
A mentor is someone who helps you grow, isn’t afraid to call you out, and offers encouragement when it’s needed. A mentor could be someone in your industry, or it could simply be someone you trust.
While it’s true that you should niche down to gain more experience and increase your value to others, there’s also something to be said for layering skills. And one of the best ways to add new skills into your repertoire is to launch a side hustle.
There’s something about being a business owner or entrepreneur that forces you to do things you otherwise wouldn’t as an employee. Through these challenges, risks, and constant movement, you’ll discover growth.
It’s not enough to say you want to increase your income over the next three years. You need to get specific and granular with your goal. How much do you want to increase your income by? And how will you track your progress?
It’s helpful to view your goal in stages. An example would be:
I want to increase my income by:
Do you notice how specific that is? (And feel free to enter specific target dollar amounts for your own goal)
Increasing your income is hard work, but through a combination of calculated goal setting and strategic action, you can see your annual income grow on a yearly basis. Now go to work!
With school starting, it means new expenses for a lot of you. Especially considering the pandemic shrinking wallets nationally, education costs can cause a lot of stress. Not only that, but student loans are some of the most common forms of debt acquired by young people. Debt and stress suck, and they make life far less enjoyable. So, it is important to know how to ease the load by working on the side! So, here are 10 ways to make money while going to school full time.
One of the higher-paying independent gigs for newbies is house cleaning. Many house cleaners can easily land $25/hour, and landing a couple jobs over the weekend can add up quite a bit. You set your own schedule, pick clients you are comfortable with, and you help pay a few bills on the way. Just post adds on sites like Craigslist, and you can start to field offers and negotiate pay.
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If you live in an area that sees a lot of rain, odds are you have many neighbors with overgrown landscaping. While this seems a little cliche, it is a classic independent job for a reason– people will pay for it. So, walk your neighborhood and see who’s hiring!
While this one is dwindling a bit in popularity given the online retail boom, there are still people that value personal shoppers. If you are interested in fashion, or just good at finding deals, try posting an ad and seeing if there is interest. Pay is all over the place, but you can usually ask for a flat fee or a percentage of the cart.
If you have any artistic talents, sites like Fiverr are great for getting your work out there. This is a great opportunity to grow a portfolio and make money for school. You can add tiers of service, and make sure that you are always getting paid enough for work you commission. With a great rating and sharing system, word of mouth can actually get you pretty busy.
There are many small projects that you can dip your feet in when it comes to voice acting. As far as remote opportunities go, it will usually be more independent projects. Fiverr works here too, but it is a better idea to look around voice over forums and find a few job boards that stay active.
Apps like Wag! have made dog walking a much easier gig to start. All you have to do is make a profile, perform a couple of verification steps, and then you can look for jobs! If you love dogs, but maybe can’t own one in your dorm or apartment, this is perfect for you.
On the same app, you can even do home stays over the weekend and pet sit. These usually bring more money, and you get to enjoy the animals for a longer period of time.
The Amazon Flex program makes you an Amazon delivery driver. If you are in an area they are recruiting, you can pick some time slots and a block to deliver packages to for $18-25 per hour! That is a great wage for independent work, and it is pretty simple to get done. Overall, a pretty reliable way to make money while going to school.
There are plenty of food delivery apps around for you to pick from, and they all pay a similar amount. Basically, you pick orders to deliver from the restaurant to the customer. The faster and more efficient you are, the more you can make!
Uber and Lyft are the dominant players in ridesharing, and you can make a decent chunk of change doing it. If you have a car that qualifies, you just need to apply on their websites and get through verification, and you can become a part-time cab driver (kinda).
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