Change jobs and employer. Once you've gotten some experience under your belt, consider finding a new job. By changing your environment, you can increase your pay and experience different corporate cultures. Don't be afraid to do this several times. If you're a valued employee, it's also likely your current company may offer you a raise or other benefits if they know you're looking at leaving.
If you love to travel and find yourself randomly searching for airfare sales or browsing Lonely Planet, why not carve out a niche for yourself as a private travel agent? My friend, Mark Jackson did just that, making extra money online with his travel consulting side business. Start with word of mouth recommendations from friends who know they can count on you for the cheapest flights, and then move on and create a Facebook or LinkedIn group to invite people who want to stay on top of the latest deals. Eventually you could spin this into a full-time consultancy teaching people how to make their dream trip a reality.
I see we have the same mindset. I really believe I’ll be a millionaire in the future, and I’ve been working toward that for many years now. From time to time something can happen unexpected and cause you to have to spend a little more than you earn… you can’t make a habit of doing that though. This was a good article, and should help a lot of people if they will just do it.
17. Amazon – Have you heard of FBA? It stands for “Fulfilled by Amazon” and it’s getting pretty popular. Basically, you buy products (in bulk is best) and ship them to Amazon for them to store. When your products sell, Amazon packs them up, ships them out and sends you the money (after taking their cut). There are people making a full-time living from FBA, while others just do it for some extra money.
Look, I know it’s not always realistic to pull these off; I personally wouldn’t bother trying. But if you’ve got a ton of stuff lying around — not outright junk, but stuff you don’t need, like the aforementioned DVDs and kid’s clothes — it’s worth a try. Advertise on Craigslist and put up signs in your neighborhood, then come Saturday haul a table out to your driveway (assuming you have a driveway), load it up with stuff for sale, and take whatever you can get.
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.”
401k: Be sure to take advantage of your employer’s 401k plan by putting at least enough money to collect the employer match into it. This basically means that for every dollar you contribute, your company will match that (pre-tax!). This ensures you’re taking full advantage of what is essentially free money from your employer. That match is POWERFUL and can double your money over the course of your working life:
Using the money you already have to make more money is usually a pretty smart move. A service like Lending Club is a great way to act as a lender and earn interest on your money. Essentially, you act as the bank, which is pretty neat. Lending Club is the world’s largest online credit marketplace connecting borrowers and investors. Definitely something worth looking into!