INVEST YOUR EXTRA CASH TO GROW YOUR WEALTH
How to Make More Money Starting Now
Yesterday I wrote, “One of the great challenges today is balancing your present needs and wants with those of the future.” I implored you to find out the things that make you happy and put your efforts in that direction. I went on to state that “wealth is an attitude.” If you are satisfied with your path, income, and lifestyle, you are wealthy.
But what if you want to grow your wealth more quickly? Creating some side money making gigs, to go towards saving and investing can beef up your net worth.
Today’s article touches on ways to make more money. I’ve found these “make more money” articles to be the most popular posts with my readers. And who doesn’t want more cash?
Here is an abridged list of some of my money making schemes;
- Sell lemonade
- Sell Avon
- Sell hand made shirts
- Provide tailoring for a shop (fired after one week)
- Provide individual career counseling
- Sell professional books
- Teach English in Spain
- Tutor students
- Blogging
- Sell items on Craigslist (which reminds me, I have an old bicycle gathering dust)
But, I want to go beyond the typical advice; “Find out what you are good at and then sell those services.” So in order to give you a really great and inventive list, I decided to do some hard hitting research!
Ways to Make More Money
In the fashion of great inventors, I’ve decided to steal a few great money making ideas from others, and repackage them for you; and add some of my own.
- PT Money recommended Cashcrate.com, a clever company which claims to pay you for trying new offers. I cannot vouch for this system, but it certainly sounds like a good idea.
- Elance.com offers online employment in a variety of areas. From their website, “If you have skills and talent and are seeking independent work online, Elance offers access to qualified clients, a virtual workplace and guaranteed pay for great work..” I’ve heard good things about this site from individuals on both sides of the trade, the sellers of services and the buyers.
- PTMoney also reminded me of Fiverr. This is a really cool site where you can sell almost anything for five bucks. Now five dollars doesn’t sound like much, but if you create the product or service in a few minutes and sell it for $5.00 many times throughout each day, the money starts to add up.
- Look for ads to be a focus group participant. I’ve tried this before and the pay is fairly good.
- If you live near a medical center or research hospital, there are multitudes of research studies looking for participants. Sign up and get some free health care along with the cash.
- Lawn care and baby sitting are frequently relegated to the younger set. If you have a lawn mower or are good with kids, put together some flyers and distribute in your district. Don’t forget to post some ads on Craigslist for greater visibility.
- Tutors make big bucks if you are well educated and an articulate teacher. Every library or a Barnes and Noble coffee shop has men or women tutoring children in their basic subjects. Again, flyers (especially in the libraries) and Craigslist ads are great for marketing your skills.
- Financial Highway had an abundance of methods to develop multiple income streams. This next one hit home as I spent $200.00 paying someone to haul our boxes away after we made our cross country move. If you own a truck and a strong back, consider hiring yourself out for debris removal. There’s lots of money in this one.
- For you bloggers out there, this one has made the rounds; be a virtual assistant. There are thousands of people who work online or work remotely and have no assistant. Their days are filled to the brim with work and they frequently need some help. That’s where a virtual assistant comes in. If you’ve got decent communication skills, hire yourself out for any number of computer and related writing tasks. And there are no geographic limitations for this one.
- Lots of folks have an extra room and would be willing to take in a room mate or just rent the room out to the occasional tourist. Now that type of money really adds up. Just make sure to screen your roomies well. After a quick online search, I came up with quite a few services which can help with process.
- Do you like to write? ProBlogger Job Boards lists lots of writing and web related gigs. The more quickly you produce content, the more income you mke.
- Retail is starting to pick up, with night and week end hours available. Take on a shift or two per week, get some store discounts, and boost your weekly pay.
Growing your personal wealth takes time and determination. Earn more, spend less, and invest are time tested strategies. For tips on investing your extra cash, sign up on right for my WEALTH TIPS NEWSLETTER and receive a free eBook; 20 Minute Guide to Investing.
Action Steps:
Get a notebook label it: “(your name) Personal Finance” and keep it by the computer. Use it for all of your personal finance goals, thoughts, activities, and plans.
1. List 10 ways to increase your income that are realistic.
2. Choose one money making strategy and begin this week.
How do you define wealth?
