Innovative Ways to Make Extra Money

Sometimes it can feel as though no matter how much you try to adhere to a strict budget, it’s a struggle to try and make ends meet, let alone save any money and consider luxuries such as vacations.

It’s not always possible to ask your employer for an advance on your paycheck or for additional overtime and so making a little extra seems impossible.

Ways to Make Extra Money at Home

Fortunately in this Digital Age , there are countless ways to make money – especially if you are informed about the ways of working online.

Sell Your Old Things Online

So many of us have closets absolutely packed full of items that we never ever wear yet we feel that we cannot bring ourselves to throw them away. Perhaps you went through a phase where you thought that animal prints were cool and now you’re looking at that strange cheetah print dress wondering if you were having some kind of mental breakdown.

Alternatively perhaps you had a thing for huge chunky jewelry that you now think is hideous. Rather than having these things around gathering dust, there are plenty of websites that allow you to help your clothes find a new home and to sell your jewelry online.

Rest assured, someone out there in the big wide world will be going through the same strange animal print phase and you will be able to find the best jewelry buyer for your old accessories.. Clearing out your closet in this way helps you make way for new things. Hurrah!

Get Rid of Old Electronics

In a similar vein to having old clothes clogging up our closets, so many of us have old electrical appliances that we will never use again loitering around – especially phones.

I’m betting that you have a secret draw somewhere in your apartment with all of your old phones inside. Be honest with yourself though, realistically are you ever going to dig out that old Nokia 3210 and start playing snake?

Many companies will pay for your old phones and they recycle and resell the parts (even if they are battered and broken!)

Get Rid of Old Electronics

Turn Your Apartment into a Vacation Rental

Make sure that you check the applicable local laws before doing this one but it’s worth keeping in mind! Websites like Airbnb enable you to rent out your spare room or entire apartment to people traveling in the area. If you live in a major city like Chicago or Los Angeles you may find lots of demand.

This is s great way to make a few extra bucks (you can charge a premium) and meet new international friends while you’re at it. You can even rent out your entire place while you’re away.

Teach English Online

Did you know that you could teach English online from the comfort of your living room without changing out of your pyjamas and fluffy slippers?

Even if you don’t have a formal teaching qualification or any prior teaching experience, you will find it easy to find work online as an English Teacher.

With many people across the globe wanting to learn English in order to improve their professional prospects and advance in their careers, there is a significant demand for English Teachers.

With just a few clicks of a button you could be talking to a college student in Japan and helping them to improve their pronunciation. More often than not, these individuals already have some grasp of the English language and rather than wanting you to help them tackle complex grammar matters, they simply want to practice talking with a native speaker so that they can improve on their pronunciation.

Teaching online offers complete flexibility of schedule and is a nice way to make new international friends and learn about different cultures, all while getting paid to do so.

Teach English Online

Consider Passive Income Streams

Passive income streams are certainly not easy to set up and establish. As a matter of fact, they take a significant amount of work and time investment to get started before you start to see any return on your efforts.

With that said, they are extremely lucrative ways to make money once you have them established. You can make passive income online through setting up a blog or website, and selling advertising space or working with affiliate partners.

Similarly if you consider yourself something of a “Wolf of Wall Street” Trader, you could consider trading cryptocurrency.

Find Remote Work

With the power of the internet, technology, and software that enables us to communicate with our clients and employers easily from opposite ends of the globe, virtually any job today can be done online and remotely.

You may be surprised at the plentiful opportunities that you can find to work online. If you have a creative skillset (for example, you are a Writer or an Artist) then you will find job opportunities on online job boards and freelancing platforms such as Upwork.

Social media groups for aspiring remote workers and Digital Nomads are also a good place to look.

Be a Part Time Cabbie

If you have your own transport, sites like Uber and Lyft will enable you to work as a freelance cab driver. There is plenty of demand for these services since it’s cheaper for customers than calling a regular cab.

All you need to do is install the app on your phone and wait for the notification that someone needs a Driver. You can make as much as $35 an hour this way.

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