City-dwellers often don’t use their cars for days or weeks at a time. That idle time can translate to money with services like Getaround and Turo, which let you rent out your car by the hour or day. Earning potential varies by car and location, but standard vehicles typically rent for $30 to $50 per day. Luxury cars and sport-utility vehicles command even more money. Just be sure you talk to your insurance provider before signing up to make sure that you don’t run afoul of the policy.
Even in the age of automation, some jobs still require a human touch. Companies often outsource those jobs via services like Amazon’s Mechanical Turk. These jobs can be tedious — tagging images, transcribing videos, classifying receipts — and can take anywhere from a few minutes to a few hours. Pay depends on the task, and the person requesting the work gets to approve the finished product before paying you. That can leave room for scams, so do your research and join a community like TurkNation, which can steer you away from shifty dealers. Read more about doing tasks on Mechanical Turk.
Love dogs, but not ready to get one of your own? Get your fix by taking care of other people’s pooches — and get paid for it. If your home isn’t dog-friendly, consider becoming a dog walker. Apps like Wag! offer on-demand dog walking, so you can pick up walks when your schedule allows. If you have space (and your landlord’s permission, if you rent), offer overnight dog boarding. Dog sitters on Rover.com, the go-to site for pet-sitting, generally command $25 to $35 a night, according to the company.
If you’ve got experience and expertise in a specific area of business, there are hundreds if not thousands of business owners who would love to jump on a phone call and pick your brain. This can be an easy way to make extra money online and to hone your skills to use in your consulting or freelance business. Sites like Clarity.fm let you create a profile where entrepreneurs and business owners can pre-pay to book a phone call with you for a set amount of time. Whether you’re an expert in raising money for startups, building apps, or running a restaurant, you can make extra money selling a few minutes of your time to people in need.
You could easily do home organizing for people, an industry that has gained a lot of popularity since the debut of Netflix's hit series Tidying Up with Marie Kondo. If you're a tidy and organized person yourself, and you're good at organizing spaces, why not offer your services to people around you? You'd be surprised at how many people, even on your own social media feed, might take you up on doing something like this.
If you're unfamiliar with the concept of arbitrage, here's how it works. Wikipedia describes an arbitrage as effectively, "the practice of taking advantage of a price difference between two or more markets: striking a combination of matching deals that capitalize upon the imbalance, the profit being the difference between the market prices." Clothier was able to identify arbitrage opportunities in the grocery industry with precision.
Like talking to people and helping walk them through problems? You can bring in extra income as a contract customer support superstar for companies all over the world. Due to the 24/7 nature of online businesses, companies are looking for people in different time zones to help deal with issues that their users are having. Better yet, if you have experience in service or retail you’ll be perfectly suited. Check out indeed or the other remote job boards I listed earlier to find opportunities.
Getaround is the sharing economy's answer to rental agencies. The company allows you to rent out your car on an hourly or daily basis, starting at $5 an hour. Depending on your vehicle's market value, you set the price per hour, and Getaround takes a 40% cut to cover 24/7 roadside assistance and driver insurance. According to the Getaround, earning potential for renting your car when you're not using it is up to $1,000 a year.
Ask for a raise. If you’re unhappy with your compensation at your 9-5 job, asking for a raise is one way to beef up your bank account. Most employers offer an annual review of your work – which could be the perfect time to negotiate a higher salary or ask for better perks. If your employer doesn’t offer such an opportunity, it might be time to initiate a review yourself.
Spend your tax refund wisely. In 2007, the average American tax refund was $2,733. That's a lot of money! Can you use that money to pay off debts or create an emergency fund instead of blowing it on something that will lose half its value the second you buy it? If you invest nearly $3,000 wisely, it could be worth ten times that much in as many years.
As you start regularly putting out content, you’ll hopefully start to build a bit of an audience. But to start seeing real money from YouTube you need to market your videos elsewhere. Share your channel on Twitter and Facebook. Distribute videos anywhere else you can think of. Also, interact with comments and build a community around the videos you’re making so people will share it with their friends.
Here’s a good example of how lead sales can work in real life: My second website, Life Insurance by Jeff, brings in a ton of traffic from people who are searching the web to find answers to life insurance questions. While I used to have the website set up so I could sell these people life insurance myself, it was a lot of work to process all the different requests and clients. As a result, I started selling the leads I gathered instead.
If you're running on fumes, financially speaking, but you have some money coming your way soon, consider pawning something of value to borrow fast cash. Of course, to get those items back you'll need to pay back the loan with interest. If you don't pay it back in time, that you'll lose the item. If it's really something that has a lot of intrinsic value to you, don't do it. But if it's something that doesn't, you can certainly consider it depending on your situation.
I have a question. I am 24 and I just started selling commercial insurance. My wife and I have about 70 k in student loans which we plan on paying back asap. I am going to have an additional 10k on top of my salary next year which I plan on saving until the end of the year and allocating it as I see fit. Everything I read says “compounding interest is the bomb” but then says “don’t save, pay down debt”. Now, I hate debt but I want to take full advantage of our young age and compounding interest. What would you recommend I do with extra 10k if we already put and extra $200 towards debt a month and we have an emegency fund in place? Fully Fund our IRA’s for the year or pay down a loan? I feel like there is no right or wrong answer. Your thoughts?
Net worth is probably the most important financial number you can track. It’s a simple way to see your financial life with a few basic calculations. Every month income comes in, and expenses go out to pay bills and rent. If after all your expenses are paid if you still have some money left over – that’s great. Now you have money to invest and grow.
Great message, Jeff. When I look at big goals, or even incremental goals, I like to break them down into bite size bits. Earning $100,000 a year seems difficult in many situations, but it seems easier when you break it down to $8,350 a month, or roughly $280 a day. Sure, that is aggressive for many salaries, but there are many ways to fill the gaps with side income, owning a small business, consulting, freelance work, etc. The same concept works for any number or goal you want to reach. Find out where you are, and what it will take to reach the next step. It’s much more attainable when you make incremental goals.
In 2014, Caitlin Pyle made over $43,000 by working as a freelance proofreader…part time. When she wasn’t working, she even had time to go on several fun vacations. After she had a ton of success doing that, she decided she wanted to teach others how to do the same thing, so she started up Proofread Anywhere. Sign up for one of her free workshops to learn more about making money as a proofreader.
Write and publish an eBook. You don’t need a traditional publisher and financial backing to publish your own book anymore. In fact, Amazon.com makes it possible for you to publish your own eBook and sell it independently – with no financial investment on your part. And with Kindle eBook publishing, your book will appear on Kindle stores worldwide within 24-48 hours. Just be prepared to market it yourself on social media, your blog, or elsewhere if you expect to generate sales.
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.
One man’s trash is another man’s treasure. This is ever present in the sneaker world. I am an avid sneaker collector and a huge part of the culture is buying and selling your sneakers to keep updating your stock with your current favorites. I use a website called Kixify to buy and sell some of my sneakers and it is just like Ebay or Craigslist. Whenever I need money for whatever reason, I always look to see if I have a pair of shoes I am no longer in love with and willing to sell.
Reduce your utility bills. Electricity, gas, and other utilities can deeply impact your monthly budget if you let them. So don't. Be smart about ways to keep your home cool during the summer and warm during winter. You may even consider investing in or building solar panels to channel the sun's natural energy into electricity. Keep your utilities low, and watch the money you save start to mount.
You might find, when speaking with millionaires — especially self-made millionaires — that there is an element of optimism and joie de vivre. Many millionaires know that if things go wrong, it is possible to find the bright side, learn from mistakes, and move on. Additionally, many millionaires know how to enjoy life as well. Many successful and happy millionaires understand that there is more to life than just amassing wealth; sometimes you need to spend time with your family and friends, eat good food and relax a little. However, the ability to find a silver lining, and to have the persistence to try again, is one of the defining traits of a millionaire.
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?
Avoid purchases that are likely to depreciate rapidly. Spending $50,000 on a car is sometimes considered a waste because it's likely that it won't be worth half that much in five years, regardless of how much work you put into it. As soon as you drive a new car off the lot, it depreciates about 20%-25% in value and continues to do so each year you own it.  That makes buying a car a very important financial decision.
As someone who's acutely interested in passive income and online marketing, I speak to a great deal of people who are successful, but rarely do I personally come across someone who's had such an immensely interesting journey that it screams attention. While success is certainly alluring, most people don't have the wherewithal to suffer through such life-altering and suffocating failures, and to not only reemerge on the shores of hope, but to create a life of sheer and utter abundance in the process.
Has anyone ever told you you have a voice for radio? Are you great at creating original characters with just your voice? There are tons of people looking to pay for quality voice overs for their corporate videos, animation series, or educational videos. Check out Fiverr and UpWork or create a profile on a specialized site like Voices.com or The Voice Realm to get started making money online doing voice overs.
Take it seriously. Yes, you’re applying for an online job. Yes, you can do the work in your underwear, but that doesn’t mean it’s not a “real job”. You must treat it as such or they aren’t going to treat you as a serious candidate. You aren’t the only one who wants to work in their underwear. In fact, the competition online is likely higher than it is in your local area.
Start by taking other courses you’re interested in: Not only is this important competitor and opportunity analysis, but it also gives you an idea of how a course could or should look and feel. What’s the pacing like? Is it via email, video, in-person chats? Once you understand how you want your course to look, it’s time to decide what it should include. Those same courses are a great starting place. How can you make your course better or more interesting? Do you have experience others don’t?
If you love kids, sign up for Care.com or SitterCity to spend a few hours a week babysitting. These websites verify both babysitters and those seeking sitters with background checks, so you can ensure you're conversing with a reliable source. Babysitting rates vary based on years of experience, number of children, and hours per week. According to ZipRecruiter, the average hourly rate for a babysitter is $28. Use Care.com's calculator to plug in your experience and find out how much your should be making an hour as a babysitter.
Take the phrase “one person’s trash is another person’s treasure” to heart by purging your closet of clothes that you don’t wear anymore. You’ll have the best luck selling items that are on trend, so consider purging items that are still in style, but you don’t wear anymore. Head to a local thrift shop or consignment shop to see how much your clothes are worth!
I think you missed the point: these words have helped me. I have no consumer debt, a reasonable mortgage payment with a lot of equity, a healthy retirement account based on my age and income, and strong professional prospects. I earn money, live within my means, save and invest that money, and repeat the process. I am well on my way to becoming a millionaire, and I wish you the same success.
My next self-funded business hit $160,000 in revenue in its first year alone. After that first taste of self-made success, I’ve gone on to sign consulting contracts worth tens of thousands of dollars with startups like LinkedIn and Google, launch profitable online courses, and build a following of hundreds of thousands for this blog and my podcast series.
A good source of extra income is Power Lead System. Monthly charge of total $53 you get an all encompassing virtual Marketing Training in a box. You get lead capture and landing page templates you can edit. Auto responders, hosting, video training, email campaigns with a complete contact manager, virtual postcards, email swipes, everything all for just $53 per month. It’s $30 plus an optional Affiliate program for $23 that pays monthly residuals. long with the Affiliate you get a professional marketing system called Endless Leads by Max Steingart, no charge, it retails for $500, it’s yours while a member. You have to check this unbelievable web marketing system out. You will be impressed. All for less than $2 per day.