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Last Updated on January 29, 2019
Our financial situation has a huge impact on almost every aspect of our lives. In fact, being short on cash often means foregoing certain things in life like family holidays and being late on payments. This can have devastating effects on one’s overall well-being. Being that we live in hard economic times, most of us could actually benefit from some extra cash every now and then. Are you are looking to start a business, pay off debt, save for the future, or simply fund those little guilty pleasures that cost money? Well, whatever the reason, there’s a wide array of money-making ideas. For starters:
Invest in Causes You Care About
Investing is one of the best ways to build wealth over time. Technology has made the entire world seem like one small village, meaning you can invest in virtually any company across the globe. When choosing where to invest, you should consider a company with good morals and values. This includes companies or organizations that support sustainability, promote gender equality, focus on eradicating poverty, or support any other causes you care about. This is called impact investing; it offers a financial return alongside a measurable social or environmental impact.
Cash in on Internet Outages
Everyone knows that they can negotiate all kinds of expenses, but did you know that you can save money negotiating bills as well? For starter, most of us can’t live without the internet; unfortunately, internet prices just seem to increase every time. Lucky for you, a simple call to your internet or cable provider can result in having your bills lowered. And, if you have any outages, you probably deserve a refund.
Hang out with Pups
Pet sitting is a more flexible way to make extra cash. There are several networks that connect dog owners with sitters. You can also advertise your services on social media or simply knock on neighbors doors. You can offer a variety of services, including daycare, overnight boarding or dog walking.
Sell Your Life Insurance Policy
If you have a life insurance policy that you no longer need or can’t afford, you can make money selling it. But first, ensure you get the policy appraised to determine its selling value. Finding a buyer on your own isn’t easy, that’s why most people choose to sell their policy to a settlement company. It’s also important to carefully research life settlements to ensure you are getting the best possible deal.
Rent out Your Car
If you are not using your car, turn it into an income stream by renting it to others. An app like GetAround will automatically connect you to people who need your ride. The company screens drivers, offer 24/7 roadside assistance, and insures your car. This means you can rest assured your property is in good hands.
Sell Your Old Stuff
Do you have a bunch of old technology like CDs, DVDs, Blu-rays, video games and used electronics, which are just collecting dust on the shelves? Well, many chains or local stores will buy them for cash on the spot. Apps like Decluttr also buy old technology.
Teach English as a Second Language
English has become a global language. There are a lot of people whose native language is not English and are interested in learning the language. This means you have the opportunity to get paid to teach English as a second language. You can choose to do this in a classroom setting or online.