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How to Make $50 a Day

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How to Make $50 a Day

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.

Make $50 a Day with Items You Have

There are things that you already own that can help you easily begin to earn extra money. Let’s start there:

Rent Out a Room with AirBnB

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.

Rent Out Your Car

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.



Rent Out Garage / Storage Space

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.

Rent Out a Parking Space

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.

Sell Your Stuff

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.

How to Make $50 a Day Online

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:

Freelance Writing / Design

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.

Virtual Assistant

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.

Rideshare / Delivery Driver

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.

Get Paid to Take Surveys

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.

Offline Ways to Make $50 a Day

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:

Dog Walking / Pet Sitting

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.

House Sitting

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.

Babysitting/ Childcare / Mother’s Helper

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.

Tutoring

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.)

Decluttering / Organizing

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.

Tailoring / Upholstery / Domestic Skills

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.

Lawn Care

Mow lawns. Rake leaves. If you can do a bit of gardening and landscaping then you can earn even more money on the side.

Almost Any Part-Time Job

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.

More Ways to Make That Extra Cash

If you’re still asking how to make $50 a day in other ways, here are some miscellaneous extra ideas:

  • Create a course and sell it through a channel such as Udemy.
  • Write and sell one or more ebooks.
  • Make and sell your own food.
  • Make and sell your own jewelry, stationery, art, etc. using a site like Etsy.
  • Start a blog / YouTube channel and make ad income.
  • Take the time to get good at investing your money and earning that passive income.
  • Taking the long view, purchase a second home as a real estate investment.
  • Advertise on your car.
  • Become a paid friend to a tourist, elderly person, or other in need.

What is your favorite way to drum up $50 a day quickly?

Read More:

If you enjoy reading our blog posts and would like to try your hand at blogging, we have good news for you; you can do exactly that on Saving Advice. Just click here to get started. If you want to be able to customize your blog on your own domain and need hosting service, we recommend trying BlueHost. They offer powerful hosting services for $3.95/month!

 

Should You Quit Your Job and Start a Business?

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Quit job to start a business

You want to quit your job to start a business. Nobody can blame you. There are many wonderful things about being your own boss. However, it’s a risky endeavor. It’s not all sunshine and roses. Moreover, you can lose a lot of income at the beginning of starting a business. Should you really quit your job? Or should you perhaps scale back on your regular work as you first start your business? There are a lot of things to take into consideration when you make this decision. Let’s explore the pros and cons a little bit.

Why Do You Want to Quit Your Job and Start a Business?

This is the most important question to answer before you actually quit your job and start a business. And, in fact, you should answer it as two separate questions:

  • Why do you want to quit your job?
  • Why do you want to start your own business?

Many people consider it to be one question. However, if you are honest about the answers to both parts of the question then you’ll be a lot clearer whether or not this is the right step for you.

For example, let’s say that you answer part one: “I hate my boss.” As you dig into part two, you may realize that you don’t actually want to start your own business at all. In contrast, you simply don’t want to work for that same boss anymore. Realizing this early on will go a long way towards making sure that you’re taking the next right step in your career.

Alternatively, let’s say that you don’t have a clear answer to part one. You know that you want to start your own business because there’s a particular cause that you’re passionate about. Could you keep your day job and just volunteer in a capacity that fills that need?

If you are very clear about why you both want to quit your job and why you want to start a business then you’re well on your way to making smart choices as you move forward.

Benefits When You Quit Your Job to Start a Business

When you quit your job and start a business, you do reap some benefits:

  • You immediately begin to work for yourself. This gives you a huge feeling of freedom. However, don’t discount how much responsibility it requires.
  • You have plenty of time to devote to your new business. After all, if you regularly work 40+ hours per week and then you quit, that’s 40+ hours per week to devote to your new passion project.
  • You avoid any conflict of interest. If you want to start a job that’s similar to what you do now then there might be a conflict of interest that would prevent you from staying at your current job. Review any non-compete agreements and related terms of your contract.

If you are the type of person who works best under pressure then you might find that it’s worth it quit your job to start a business. You could thrive under the stress of trying to make a go of it when you don’t have another income to fall back on. The time you free up by quitting your job, and the freedom you get from working your own schedule, could be worth it. But don’t fail to take into consideration that there are drawbacks when you quit your job to start a business.

Drawbacks When You Quit Your Job to Start a Business

Research indicates that entrepreneurs do better if they stay at their job when first starting a business. There are some big risks and drawbacks to the decision to quit your job and start a business. Those drawbacks include:

  • You’re obviously no longer drawing an income. Therefore, there’s a lot of pressure on your new business to succeed dramatically and right away. You aren’t giving it enough time to scale up.
  • It could be harder to get loans for your business. If you can’t show that you’ve got an income coming in then getting credit for your new business could be more difficult.
  • If the business doesn’t do well, you might not be able to get your old job back. After all, the economy isn’t thriving right now. If you’re lucky enough to have full-time employment then you might not want to sacrifice that to start your own business.

Starting a Business: What to Do First

If you decide that you do want to quit your job to start a business, then you have to take that decision very seriously. You have to put your all into this new endeavor if you want to make it work. Here are some of the things that you need to do before you even quit your job:

  • Create a business plan. It’s imperative that you know exactly what you plan to do and how you plan to do it. You need goals, milestones, and timelines. Of course, those may shift with time but try to get a solid plan in place.
  • Crunch the numbers. Figure out what it’s going to cost you to start a business. Consider the initial costs, your own paycheck for the first year, and all other first-year expenses. Figure out how to make that work before you quit your job to start a business.
  • Start working. Don’t delay getting your first clients or customers. You might want to get the first few clients lined up before you quit your regular job.
  • Network. Just because you’re working for yourself doesn’t mean that you don’t need other people. Build your team. This might mean hiring people, working with consultants, or simply networking with other entrepreneurs. Make sure that you have a group of people in your corner.

Weigh the pros and cons before you quit a job to start a business. Does it make sense for you, considering the economy, where you are in your career, and what you truly want from starting your own business? The more thought that you put into the process ahead of time, the better chances you are to get the results that you desire.

Read More:

If you enjoy reading our blog posts and would like to try your hand at blogging, we have good news for you; you can do exactly that on Saving Advice. Just click here to get started. If you want to be able to customize your blog on your own domain and need hosting service, we recommend trying BlueHost. They offer powerful hosting services for $3.95/month!

How to Get Paid by Giving Your Opinion

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Get Paid for Opinion

They say that everyone has opinions. It’s usually meant as a derogatory comment. However, in today’s social media / consumer age, your opinion matters a lot to businesses and brands. In fact, you can get paid for your opinion. There are many different surveys and tools that will pay you to share your thoughts and experiences.

Why Would You Get Paid for Opinion?

From the consumer’s side of things, it seems almost silly to get paid for opinion. After all, if you keep buying a product then you probably like it. Doesn’t that say it all? No. It doesn’t say nearly enough to the businesses that are creating the products and services you’re using (or opting not to use.)

Companies improve their products and services all of the time. They constantly tweak what they have to offer. The better they do, the more money they make. That’s why they conduct market research. And when you get paid for opinion surveys, that’s a form of a market research.

What Happens When You Give Your Opinion?

When you get paid for opinion surveys, that information goes into a databank. The responses that you give are combined with hundreds or even thousands of other responses from people just like you who got paid for opinion giving. The company then uses a variety of tools and algorithms to analyze those opinions.

In other words, it’s not as if the company looks at the data and says, “oh, Susan A. feels this way about the product.” It’s not a way to track you and your specific opinions. Instead, it’s a way to say, “overly, people are feeling this way about the product.” And also to say, “but then there are some people who would prefer this.”

Companies use that information to make changes to their products. They improve products. They change their marketing. Additionally, they may discontinue products or add new ones to suit the changing needs of their market base. They can’t know what people want unless they ask. Therefore, they will pay for your opinion.

Google Opinion Rewards

One of the quickest and easiest ways to get paid for your opinion is to start completing online surveys. Google Opinion Rewards is one of the best places that you can do that.

When you visit the link above, you’ll see that this is a an app for download. It’s available for Apple and Android users. You can download it to your phone or tablet.

Once you’ve downloaded the tool, you’ll set up your profile. Then you’re ready to start giving your opinion. There are a variety of different surveys available through this tool. When a new one becomes available, the app notifies you (presuming that you’ve set your notification alerts accordingly). Then you fill it out. And that is all: you get paid for your opinion.

You can get paid in one of two ways:

  • Google Play Credit
  • PayPal

How Much You’ll Get Paid for Opinion Surveys

Google Opinion Rewards pays up to $1 per survey. It takes less than one minute to complete each survey. In fact, many are just a few questions long and take less than twenty seconds to complete. If there are a lot of surveys available, then you can add a nice little bonus income to your life just by taking the surveys.

You won’t get rich off of giving your opinion. There are only so many surveys available. Moreover, the companies are always trying to hear from specific demographics, so you might not always qualify to get paid for your opinion.

That said, you can easily boost your income this way. After all, you can complete these surveys on your phone when you would otherwise be playing a game or posting on social media. Use your time to earn a little bit of money instead. You can take that money and set it aside in a special savings or investment account and grow it there.

Other Ways to Get Paid for Your Opinion

Google Opinion Rewards its one of the top apps out there to get paid for opinion surveys. It has more than 98, 000 reviews and has 4.7 stars out of 5 in the App Store. However, it’s not the only way to get paid for your opinion. Here are some other options:

American Consumer Opinion

Most survey apps, including Google Opinion Rewards, are filled with short surveys. American Consumer Opinion is different in that the surveys can take up to half an hour to complete. The nice thing about this is that you really get to give a more in-depth opinion. If you like to get paid for opinion surveys not just for the money but also because you’re shaping products then this is a good option to check out.

Survey Junkie

The Survey Junkie app is another app where you get paid for your opinion. On this one, you earn points. In addition to earning points per survey, you earn points for other actions on the app – such as setting up your profile. Points can be redeemed for gift cards.

Surveys on the Go

Each of these survey apps has similarities and differences. Reviewers say that Surveys on the Go tends to pay more per survey than many of the other options do. You can earn between $1 and $10 per survey. Once you reach $10 in your account, you can cash out. You can cash out with Amazon or Starbucks credit. Alternatively, you can get paid through PayPal or a Visa gift card.

Swagbucks

Swagbucks consistently makes top lists for money-earning apps. You can get paid in points, redeemable for gift cards, or via PayPal payment. People like this one because not only do you get paid for opinion surveys but you can also make money watching videos and performing other online tasks.

Read More:

If you enjoy reading our blog posts and would like to try your hand at blogging, we have good news for you; you can do exactly that on Saving Advice. Just click here to get started. If you want to be able to customize your blog on your own domain and need hosting service, we recommend trying BlueHost. They offer powerful hosting services for $3.95/month!

5 Ways Artists Are Making Money During Quarantine

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making money during quarantine

Artists have always been innovators. While there are certainly established paths for making a living as an artist, more often that not, artists have to work hard to cobble together a solid income. Therefore, it’s no surprise that many artists are making money during quarantine by getting creative.

In particular, many artists are pushing the boundaries of the online digital platform as a means of earning money while stuck at home during shelter-in-place orders. It is fascinating to see the direction art is taking right now, particularly where it intersects with small business and commerce. We could all learn by watching how artists are making money during quarantine.

Here are five key approaches I’ve seen so far:

1. Patreon

Patreon is one of the key platforms that artists use to earn money directly from their fan base. It’s been popular for several years now. I have an account, and although I only earn a little bit from it each month, it really helps my bottom line. I’ve noticed that more and more artists are taking advantage of Patreon as a means of making money during quarantine.

Of course, Patreon isn’t the only way that people drum up financial support from the people who know and love them. Some artists have turned to Go Fund Me or Kickstarter. The difference between the two is that supporters on Patreon commit to continued, ongoing monthly support whereas the other platforms are one-off means of generating a sum of money.

2. Online Performance Art

The means of making money during quarantine that I’m most fascinated by is the growing art of performing online for pay. Many of us have been more active on our screens lately, participating in meetings and celebrations via Zoom, House Party, Facebook Live, and Facetime. While we used these tools in the past, use exploded now that people are stuck at home. The way that artists are innovating in this digital space is fascinating to watch.

Increasingly, performers who can’t do their work in person are figuring out ways of making money during quarantine by performing online for ticket sales and/or tips. I’ve personally bought tickets to several online events and “attended” others that were offered free. For example, I recently went to a multi-room performance art event hosted by Vau de Vire Society, a group that puts on circus, burlesque, steampunk-inspired interactive performance art events in San Francisco. They took their skills online, and I was happy to pay for a ticket to check out the performances.

I also just watched a digital symposium hosted by SOMArts in which a number of different performers spoke about how they are taking their work online. For example, The Stud (a bar and artist collective in San Francisco that typically hosts in-person nightlife events) has begun hosting digital performance art through Twitch. Digital Drag also uses Twitch to create curated “live” streaming drag shows. Attendees pay for tickets, the performers get paid, and it’s also possible to tip any of the performers through their Venmo, Zelle, and other direct-pay accounts.

Seeing a performance on a screen is different from seeing one in person. Performing via screen is certainly different than performing for a live audience. But different doesn’t mean one is better and the other worse. Artists are innovating in very creative ways, making use of the digital space and the tools available for it to do new things that they couldn’t do on stage with their art. It’s not just a way of making money during quarantine; it’s a way to push creative boundaries that might extend into new forms of art in the future, even when COVID restrictions are completely

3. Hustling Up New Work

Working artists are good at the hustle. In other words, they are driven to create and in order to make enough money to create, they also work hard. Artists continue to do that today. Sometimes it’s in the same way as before, sometimes it’s in new ways. Some of the ways that artists I know are hustling up new work online include:

  • Opening up new online stores and/or refreshing stock in existing online stores
  • Refreshing blog content and working on getting ad revenue from their artist websites
  • Refreshing their resumes and coming up with new material to showcase on their websites as they look for new online freelance art opportunities.  One of the basic technology you need while working  as a freelancer is a cheap vpn. Try Atlas vpn for that. Check it out to know more.
  • Freelance writing about their experiences as artists trying to make money during quarantine
  • Developing classes (or applying for existing work as art teachers) to teach others their skills
  • Self-publishing art and writing materials

 

4. Artist Grants/ Emergency Funding

Despite the fact that artists are innovating and hustling, many do find themselves without enough income right now. Luckily there are a lot of artist grants and emergency funding sources that people can apply for. Low-income artists, artists facing immediate emergencies, and artists in minority groups often get first priority. However, many of these grants are open to any working artist in need.

A few examples of some of the emergency grants and COVID-era funds for artists include:

5. Street Art and Mural-Making

While many of the ways that artists are making money during quarantine do take place in the digital sphere, I wanted to emphasize that there are still other options. For example, I live on a busy street in San Francisco. All of the retail stores have been boarded up for about two months since the shelter-in-place orders went into effect. Graffiti / street art cover many of those storefronts. While that doesn’t pay the artist’s bills, they do include their Instagram handles on the art images so that they can generate a following online which can translate to money down the line.

Moreover, some stores hired independent artists to professional paint the boarded-up windows. I particularly love seeing these pieces. They are big and bold. They add beauty to the street. More than anything, they are a nice collaboration between small businesses, local artists, and the community. Plus people pay the artists to do the work, which they can do while maintaining proper social distancing protocols. It’s a win-win way that artists are making money during quarantine.

What do you see as the most innovative ways for artists to make money during quarantine? 

3 Cheap Hobbies That Can Also Bring in Cash

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3 Cheap Hobbies That Can Also Bring in Cash

When it comes to the monthly budget, wiggle room is hard to come by for most people. Whenever a new expense comes up, we are always looking for what we have to go without to compensate. Well, what if you didn’t have to sacrifice anything to have an extra date night? What if that new yoga membership didn’t mean you have to give up post-work drinks on Friday? All this is possible, and you may be able to pull it off with your own cheap hobbies! To show you how this is possible, here are some cheap hobbies that can make you money.

Driving Around

DO you have a comfortable car, and enjoy cruising around your area? Uber and Lyft have become mainstays for side-hustlers. Sign up for an account, grab some snacks and drinks for the back seat, and earn that extra dough! Be careful about this one, and make sure you have the right vehicle. Certain higher-end vehicles depreciate heavily with mileage, and the loss you’ll take on that can compound with premium gas expenses to rapidly make this one not worth it. Older reliable cars that just barely make the year/make/model requirements for the apps are the best option. these have already depreciated, and are probably cheaper to fix. Bonus points if you have a hybrid!

Cooking

Got some skill in the kitchen, and need some extra fun-money? Not only can being a good cook save you cash on eating out, it can also be monetized by selling the food you make! You can sell homemade snacks to coworkers, cater for parties, or even work on the side as a private cook. There are options here for all skill levels, as dealing some easy pastries at work doesn’t take too much expertise and will make you an office favorite. The more you can make, the more money you can bring in, and this one is very easy to work around your own schedule.

Tutoring

Do you have a degree in a high-demand field, and love to teach? Tutors can make great money on the side using online sites like Varsity Tutors or even Craigslist. You can also become a part-time staffed tutor at local educational institutions for a more reliable workload. Usually a degree is required, which elevates the pay past your usual side hustle. Tutoring holds an extra special spot on this list, as you are earning money by helping educate your community. Not only are you providing better for yourself or your family, you’re also giving back to those around you. It doesn’t get much better than that!

Sorry! You Can’t Actually Start a Business for Free

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You Can't Actually Start a Business for Free

If you have dreams of entrepreneurship, don’t quit your day job just yet. As lovely as it would be, you can’t start a business for free. Here are only a handful of the fees you’ll incur to get started.

Federal Requirements

The Employer Identification Number (EIN) is one of your first steps to starting a business. To request a number for your business, you will fill out an SS-4 on paper or online at the Internal Revenue Services website. Completing the process online takes a few minutes and is free. You will receive an email with an official letter providing your EIN, which you need to keep in a safe place. You need this number to file your federal income taxes whether you’re a sole proprietor or larger entity. This number is also essential when you open a business bank account. Your financial institution will need your EIN to report any income, such as interest earned, to the IRS.

Trademarks and patents are additional costs you have to consider. They can be extremely expensive, primarily because you will more than likely need legal advice. Make sure you factor all of your needs while registering to protect your intellectual property.

State Requirements

Your next step is to register the name of your business with your state. Each state has different requirements, but a good number of them allow online filing. There are fees to register your business name, your tax status, and your trade name – “Doing Business As.” In some states, you need to register with your county for taxes too. If you plan to incorporate as a limited liability corporation, there may be additional fees. Prepare to spend two to three hundred dollars upfront, and around one hundred dollars every year to keep your business active.

You may have additional conditions based on your type of business. For example, if you plan to work in real estate in Florida, you have several requirements. You must apply, get fingerprinted, take the required courses, and pass the licensing exam within two years. These can add on over two hundred dollars, depending on your class format.

Other Costs

Keep in mind that all of these costs are before you started working in your business. We haven’t gotten to the intangibles yet. In our technology-driven world, you will need a website. Domains can run from $3 to $12 per year, depending on the site. Namecheap.com tends to have the best prices over GoDaddy and others. If someone else owns the web address you want, it could cost you hundreds or thousands to buy your specific domain.

Luckily, you can use a template to build your website. When you build your website through Wix or Squarespace, you may end up paying more because you’re purchasing through a third party. However, it is far less time consuming because coding can take a long time. Plus, the templates you can choose are attractive and come formatted for different devices.

Some other intangible costs to consider are marketing and branding. Do you want to have sponsored posts on Instagram? Are you selling insurance by having your face on a bench at a bus stop? Perhaps you want custom t-shirts or polo shirts with your logo and slogan? Your budget and preferred method will determine how much you spend.

I know this sounds like a lot, and it is. However, if you want to own your own business, think of it as an investment. Plus, all of the fees incurred that are directly related to your business are now tax writeoffs. Does that change your perspective?

Read More

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