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12 Ways To Earn More Money While You Have A Full-Time Job

12 Ways To Earn More Money While You Have A Full-Time Job

In a world where we are faced with towering levels of responsibilities, it has become common for adults to take on two or more jobs to earn more money and make ends meet. Whether it’s to support one’s education, help a loved one financially, or simply to make sure that we are financially secured, acquiring more than one job is no longer out of the ordinary. We’re now more adaptive to our environment and the endless changes that cross our paths, making us braver to step ahead from mediocrity.

In this modern age, advanced technology is something that people take advantage of. It has now become a platform where work is done faster and where communication is easier. Through these conduits, entrepreneurs and job-seeking individuals have become dependent on the internet.

For some however, earning extra can still be done the old-fashioned way. Your skill set and internal strength define what services you can offer.

If you’re thinking about expanding your horizons and taking on a new source of income, you have come to the right place. Here’s a list of jobs that can help provide the extra earnings that you need:

1. Tutor online

This has become a common part-time job for some who already have day jobs. The good thing about being an online tutor is that you are totally in control of your time. Most online tutors provide English lessons to non-English speaking individuals from countries like South Korea or China.

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2. Be an online writer

This is another common part-time job for job seekers. Although this is a little bit more complex than being an online tutor, getting a job as online writer is a surefire way to broaden your knowledge about something you haven’t encountered before.

3. Post videos on Youtube

Social media channels like Youtube offer their users a fun, engaging way to earn by simply posting videos on their site. Clips that contain pornographic, offensive and/or inappropriate material are big deal-breakers. Remember, if you want to make money online, do it in a decent way.

4. Invest in stocks

Stock investment is an area that entrepreneurs usually take part in. By investing your money through stocks and bonds in the international market, there’s a risk that you need to be prepared for. If you think you have enough courage to put your savings out there, then go for it. Just make sure you have a financial advisor to monitor your progress.

5. Become a freelance consultant

If you have a broad knowledge of a certain subject, like accounting, law, or sales, then this kind of part-time job is the right one for you. Assess your own previous experiences that have helped you become an expert in your field. Employers are now willing to hire freelancers to cover their short-term projects.

6. Offer typing jobs

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    Photo credit: Source

    Proud of your typing skills? Let your skill be known by seeking out employers who need help in completing a typing project. This kind of job usually comes with deadlines, so make sure you get the job done as discussed.

    7. Be a babysitter

    If you’re tired working in front of a computer all day and need some time to earn comfortably, getting a job as a babysitter could be the right one for you. Babies will be your bosses and your sole job requirement is to keep them happy. Win-win, right?

    8. Take nightshift gigs

    If you love an active nightlife, embrace it even more by seeking out jobs that operate past 6 pm. Bartending, waiting tables, or DJ-ing are some of the jobs you’ll find in this area.

    9. Sell baked goodies

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      Photo credit: Source

      If you have the tools, knowledge, and a handy recipe book, selling cookies, cupcakes, bread, and other baked goods may be a great part-time gig for you. Be mindful of your quality, as this will be your top asset among your competition.

      10. Be an Uber driver

        Photo credit: Source

        Someone who loves to drive and knows the rules of the road is the perfect person to be an Uber driver. If you think you exemplify these attributes, why not try giving it a shot?

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        11. Be an online translator

        If you’re bilingual or multi-lingual, there’s a long list of employers who are waiting to hire someone with your skill set.

        12. Sell used items, like gadgets

        Let go of your old gadgets by selling them online. Not only you have made a profit from them, but you can also make someone extra-happy by selling them for a low price!

        I hope this list helped you in picking out your new part-time job! Good luck in your new endeavor!

        Featured photo credit: To Earn More Money via lifehack.org

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        Published on June 12, 2018

        How Much Money Do I Need to Retire? Find Your Answer Here

        How Much Money Do I Need to Retire? Find Your Answer Here

        It is never too early nor is it ever too late to start planning for retirement. It ultimately depends on your way of life, where are you living, and whether you need to let go of anything. A successful retirement strategy is to have enough pay to cover your expenses with a little cash going into a savings account for sudden financial needs.

        With regards to retirement, we all have an alternate vision in mind. In fact, some think about traveling throughout the world, while some think of a peaceful life with their grandchildren. Whether we get ready for it or not, we will one day turn to retirement age and so, we should be prepared for it. I’m going to tell you how in this article.

        Benefits of early ventures for retirement

        The way this works is you figure out where you need to live, the amount it will cost you to live there (rent/food/transportation), and the various expenses you will need to account for, like travel/insurance/medical bills and taxes. Many people are struggling to put aside money for their future savings and some haven’t started yet. Think you can put off thinking about retirement? The reality is that you need to start thinking about it right now, and putting aside some money from today.

        There are a lot of benefits of taking early steps towards retirement. Utilize the power of compounding, low investment for targeted corpus and you can create more corpus investing the same money:

        • If someone saves $100 every month and starts investing for 30 years at 10% return, initially you will see that within 5-10 years, your investments will not multiply. However, after that period, the corpus will increase immensely with the impact of compounding. The investment period expands the extent of profits increments in the corpus.
        • Suppose there are two people, one aged 30, and the other 40. Both need to resign at 60 with the same retirement objectives of $300,000 USD each. Both will put resources into an investment with 10% of the return. Thus, to accomplish their retirement objective, the younger one needs to save $100 USD / month and the older one needs to collect $300 USD / month. Since the older one has started investing ten years later than the younger one, he will pay more than double what the younger one will pay.
        • If someone saves $100 USD every month and starts investing at 30 years old till 60 and gets 10% annual return, his corpus becomes around $170,000. Otherwise, if he starts the same amount spending at 40 years of age with the same 10% return, he will have around $57,000 USD. He can profit by just investing ten years early.

        You can’t invest too much money in retirement during the early stage of your career since you may have different objectives. However, you can increase the investment gradually if you start investing just a small amount.

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        Average retirement age

        For many people who are nearing retirement age or recently resigned, one of their most significant financial regrets is that they did not focus on saving for their golden years. As per the Consumer Reports study, it demonstrates that only 28% of investors with the age of 55 years or older are pleased with the way they have saved for retirement.

        As per the report, The Economic Policy Institute breaks down how much Americans have put away.[1] Since you know that when the majority of people retire, you can subtract your age from that more significant number and check down what number of more years you need to work.

        But many retirees go back to work. Some of them do part time job while others do seek for a second career. Some even come back to full-time work and then retire again in a couple of years. So deciding their retirement age could be tricky.

        Average retirement savings

        To get retirement started, saving is pretty easy, though it can seem complicated. These simple five steps will make you go on retirement now. So, you don’t need to stress over having the same regrets as today’s retirees.

        1. Invest 15% for your retirement

        Your initial step is to save 15% of your income. This will depend on your gross income and does not include any coordinating assets you get through your employer’s retirement plan.

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        It’s sufficient to enable you to achieve your retirement investment funds objectives, but not too much to keep you from enjoying your income today.

        2. Utilize tax-advantaged retirement plan

        Yes, we utilized the T-word; however, don’t daydream! Split your 15% retirement contributing budget between charge conceded retirement plans like your 401(k) or after-tax plans like a Roth IRA.

        3. Invest your money around

        To put it all in one place is the most significant risk that you can take with your retirement money. With mutual funds, however, you can invest in the biggest and most recognizable brands as well as that new organizations you’ve never known about but has a lot of growth potential.

        Opt a growth-stock mutual fund with background marked by solid returns for both your 401(k) and Roth IRA speculations.

        4. Stay with it

        Since mutual fund investing is less risky than investing in single stocks, it is not risk-free. You can see your savings grow in the long term as long as you can leave your money where it is and keep adding to it.

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        5. Work with an investing professional

        It is essential to look for an investment professional, as you must have a lot of queries concerning your retirement plan during 30 or more years of investing,

        Never make due with an investment professional who recommends or patronizes you to turn over all your investment choices to them. Since this is your retirement, nobody will think or care about it more than you do!

        You might analyze or compare your savings against the average retirement savings for your age group to check whether you’re falling behind or getting towards of the curve. On the other hand, it might be conceivable to hang up the work boots and hit the shoreline with fewer savings if you live easily or below your means.

        How to achieve your financial goals?

        An ideal approach to achieve your financial goals is to stay focused on what you need for your future, ignore everything (and everyone) else that may divert you. There’s a significant business culture out there that requires you to stay in debt, live for the occasion and stress over your future later on.

        You need to start planning for your future from now, not when you have more time or money to invest. You can even talk to a financial advisor for any help. Cooperate to set your money goals and make an action plan to reach them. You can retire younger than you thought you could if you create a project and follow up on it.

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        Start planning for your retirement

        A lot has changed in the last 30 years; our previous generation had an career goal and they would join either a large private company or a government organization immediately after school or college. Then they would spend the next 38 years in the same organization and the form of provident fund and gratuity. They would retire with a decent corpus and they would later spend the remaining time with their pension benefits. It’s a bit different now, but with the above information, you’ll be well prepared.

        Whether you can afford to retire now or not, you need not bother with a retirement calculator to get a rough estimate. You should have the capacity to closely approximate your daily spending habits to figure out how much money goes out the door every year.

        Featured photo credit: Pexels via pexels.com

        Reference

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