Life has a way of becoming more and more expensive, especially when we have children to
take care and provide for. So if there is a way (or more than one way) to boost our income,
it’s tempting to think it can solve all of our problems. That isn’t always the case if we rush
and pick the first seemingly simple way of earning money, but searching out the income
boost that will work for you will help immensely. Here are four ideas to help you on your way:
Take A Second Job
Taking on a second job is probably the first thing that comes to mind when you think of
making more money. It can be an excellent idea, but it comes at a price; you will lose family
time. You need to weigh up and the pros and cons of a second job and determine whether it
is right for you. It will depend on the age of your children, for example, and the availability of
childcare. If you will have to pay someone to watch the children, will you be earning enough
to make a difference?
Jobs that you could think about include driving for a company such as Uber or Lyft, taking in
other people’s ironing, or even starting your own business. What you choose to do will all
depend on where your skills lie.
Get Paid For Being Online
Although you won’t make millions using this method, being paid to be online can be a way to
bring in a little extra money. You will need to download and install software that can track
what you are doing, so you will have to be comfortable with that before you start. You can
also be paid to carry out online surveys. Sometimes payment will be in cash, and sometimes
it will be in the form of coupons or cashback on your shopping. It can be a great, quick way
to get your groceries at least partly paid for, for example.
Investing is a long-term financial solution, so don’t expect to put your money into the markets
one day and make a profit the next. However, if you do have ‘spare money’ that you can
invest, and you choose the right place to invest it, you can make a good amount of money
when you are ready to cash out. There are many different types of investment including real
estate, stocks and shares, and other people’s businesses. It’s a good idea to use a financial
advisor or robo-advisor to gain the most insight into the markets before you invest. If you opt
the for the latter, make sure you read reviews first. There are Ellevest reviews here, for
example, as you need to ensure you truly are getting the best advice.
Sell Your Items
By selling items that you no longer want or need, you can make a good additional income.
You can sell using online auction sites such as eBay, or you can place ads online or in the
local newspaper. You could even arrange a garage sale if you have a lot of items to sell at
one time. It is important to price these items correctly, and not be too expensive (because no
one will buy) or too cheap (because you won’t make much money).
This post was written by Bill Clark. Bill is a freelance journalist who specialises in writing about culture and the arts, however will write about anything that piques his interest including business, travel and lifestyle. He can be reached on Twitter @BilboClark01.