Another suggestion for passive income is refinancing your mortgage. Imagine, for example, that you're making monthly mortgage payments of $1,500 now and can reduce that to $1,200 per month by refinancing your home loan at a lower interest rate. That will let you keep $300 in your pocket each month. Of course, refinancing isn't free -- there are closing costs -- and you'll start the clock ticking on a new loan (typically of 15 or 30 years) when you refinance.
Offer to watch children or pets. If you know anyone who has children or pets, you could easily begin a side gig as a babysitter or pet sitter. To let people know you’re interested, send out a group email describing your services, post an ad on Facebook, or tell friends and acquaintances about your availability in person or over the phone. You can also create a profile on a babysitting referral site like Care.com.
When you’ve done whatever it takes to make money fast but struggle to make an impact, sometimes you’re left with no choice but to get a part-time job. A lot of the money making ideas on this list are great for building up to. They can be really successful over the long-term too. But if you’re struggling to make money fast enough, you might need to apply to a part-time job in your field. You can browse part-time jobs on job bank websites like Indeed, Monster or a job website for your industry.
Websites like Care.com connect parents with babysitters. The company does all the background checking and other due diligence to put parents' minds at ease. Of course, you can appeal directly to people in your personal network, but if you're looking to generate recurring revenue sign up with a site marketing to parents looking for child care services.
It occurred to me that you’re probably interested in growing your blog. I might be able to help. I’ve done video editing (http://www.fakesamplesite.com) and PowerPoint design (http://www.anotherfakesite.com). Imagine doing a great video on using virtual assistants, then distributing it through your newsletter. I could do one for you in about 2 days if you’re interested.
Those who love teaching but would prefer to make passive income could consider teaching online courses. With online courses, you can teach topics that go beyond what a tutoring gig for students would teach. If you’re great at building stable relationships, you might create a relationships course. If you’re an ecommerce expert, you might teach a course about dropshipping. There’s no limit to what you can teach. You can also niche down within an industry to teach courses about specific subtopics. For example, instead of teaching public relations you might teach a course about growing your blog traffic.
If you've ruled out survey taking as a legitimate way to earn money from home, listen to Bonnie Alcala. She and her daughter Andrea Spain, an elementary-school substitute teacher, take surveys online for fun and a little profit. They are careful to avoid any scams by refusing to pay an upfront fee or other charge. Bonnie and Andrea pocket around $100 a month for spending two hours a week taking surveys, which gives each of them extra pin money. In addition, they collect all kinds of gift cards and other prizes.
Start analyzing your decisions from the perspective of a firm. In economics, a firm's goal is simply to maximize profit. Well-run firms spend money only if they can expect to make more money from their investment, and they allocate their resources to the most profitable use. You're not a firm, of course, and you have other considerations, but if you make the majority of your time and money decisions by choosing the options that promise the highest return on investment, you'll likely earn more money, and that's good news for your shareholders (you and your family).
You mention one name of a survey site and then you say to sign up for 3-5 others, but you do not say what others to sign up for. I am very interested in doing this—especially when you mention that you earned over $600 in a month’s time by doing surveys an hour a day. I can spend an hour a day doing surveys, but please help walk me through how to do this (specifics please)—thanks!!!!!!!!!!!!
Rent out a room on Airbnb. Living near a tourist area has its perks, including the prospect of renting out a room for a profit. With home sharing sites like Airbnb, you can rent out a room in your home – or even the entire place – for a day, a week, or longer. If you have extra space and might enjoy the company of travelers, renting out a room is great way to earn some extra money with little effort on your part. See our post, “How to Make Money as an AirBNB Host.”
Red Dead Online is finally here, allowing players to Posse up and roam around the Wild West at their leisure. There are PvP modes as well, and horse racing of course. You’ll earn money for doing just about anything in Red Dead Online, but considering just how pricey some of the guns and camp upgrades can be, you’ll likely want to know the best ways to make as much money as possible, as fast as possible. To help you out, we’ve put together a list of the very best ways to make money in Red Dead Online. We'll cover selling pelts, highlight lucrative missions, and show you a particularly good Red Dead Online Money Glitch. Let’s take a look.
Ebates ($10 free signup bonus): Shop online through their website at more than 2,000 stores like Sephora, Macy’s, and Apple. Ebates members also special discounts, promo codes, and coupons. You earn cash back with each purchase and will receive it in the form of a check or through PayPal. If it’s already cheaper to shop online, why not make it even cheaper?
Hmmm… my 12 yr old daughter has gone through almost 4 different sizes in the last couple of years. I have jeans and tops, some with the tags still on them, some only worn by her once or twice. I bet I have at least 50 or more pairs of just jeans … mostly very expensive jeans!! Is there another kind,lol ? I hate to have a lot of ppl come to our home. Would I lose a lot of money by selling them online as opposed to a yard sale? I also have quite a few other items I really need to get rid of, they’re just sitting in my shed. Taking up space. Any advice on how to get the maximum $$ for these items, mainly the girl’s clothing? Thanks !!
Amazon makes it fairly easy to list and sell old books on its marketplace. You can make more than just a few bucks If you have pricey text books from college. Be sure the books are in good condition. You'll get negative reviews if you attempt to sell books that are falling apart. Remember, add value where you can, no matter how small it might be and no matter how few people might readily notice it.
As for other tips, all I can say is “a penny saved is a penny earned”. If you are running out of ideas to make money, start saving. Some quick “low hanging fruit” tips to save some quick cash include – switch to MetroPCS or Boost for cellphone (I only pay $20/month), switch auto insurance to Insurance Panda ($25/month), and start using GasBuddy (saves me like $100/month at least. I drive a lot).
Work as an online interpreter or translator. If you’re fluent in a foreign language, it makes sense to look for work as an online interpreter or translator. Depending on your individual skillset, you could find work translating blog posts or eBooks, transcribing recorded lessons or speeches for clients, or translating through Skype or another online video service. And, thanks to the increased use of foreign languages in the United States, getting started could really pay off. According to the Bureau of Labor Statistics, employment for interpreters and translators is expected to increase 17% nationally through 2026.
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Get paid to search the Web. Sites like Swagbucks.com and Zoombucks.com will pay you to use their online interface to search the web. To qualify, you need to be willing to download their search bar and use it for everyday Internet use. The only caveat that comes with this “gig” is that you might be paid in gift cards instead of cash. If you can parlay those gift cards into items you need to buy anyway – like groceries or gas – searching online can be a lucrative way to spend your free time.
Earn cash back for shopping. Earning cash back on your purchases is a smart idea, and credit card rewards aren’t the only good cash-back strategy out there. With sites like ShopAtHome.com, eBates.com, and TopCashBack.com, you can earn up to 10% cash back on purchases made with approved merchants. Many frequent shoppers also love the Ibotta app, which lets you earn cash-back on every purchase.
Rent out a parking spot. If you live in a busy or congested area and have parking to spare, you might be able to rent out your parking space for some quick cash when you’re not using it. Simply advertise your open parking space online including details on the location, whether it’s covered or uncovered, and your desired hourly, weekly, or monthly fee. If you want, you can even use a site like Just Park or download the Spot App to reach more potential customers.
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