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How To Make Money With Your Hobby

How To Make Money With Your Hobby

Life should be enjoyable. But if you don’t enjoy your job, it can be exhausting to work all day just to retire when you’re too old to enjoy it.

Everyone should have a hobby that they enjoy. It’s a way to express yourself and feel better. What’s even better, is that sometimes you can make your hobby profitable. Whether you’re looking to branch out to make your hobby your full-time career, or if you want to use it to make some money on the side, we have some tips on how to make money with your hobby.

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As you read, remember that starting a business, even just a side one, can be a lot of work. You will have setbacks in the beginning, but if your heart is in it, you will succeed. Do it because you love it, not just for the money. The money comes after the passion.

Enjoy your hobby, whether it is profitable or not. Do it with happiness and with love. If you make it into a business, work hard and stay organized. Be determined to get to the top. Know that you can do it, and you can be successful. I have been successful in turning my hobby profitable (you know this, because you’re reading my work now), and you can too.

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Here are just a few tips to help get you started:

Sell products

Enjoy making things? Sell them! Plenty of people sell their products. Make sure you have something special that no one else has. You can sell locally, but if you can ship your product, you can sell worldwide. Websites like eBay, Etsy or Amazon are great for selling your handmade items.

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Involve others

Some hobbies, like playing an instrument, are great for involving people. Teaching someone how to play an instrument or how to make something can be very profitable. Offer lessons on a regular basis, like weekly or monthly, or give workshops for people who share your hobby, but want in-depth information on the subject.

Find a related job

Some hobbies are not easy to turn into a business. Try to look for jobs that relate to your hobby. Love flowers? Be a gardener. Love fitness? Be a trainer. You may not be doing exactly what you want, but finding a career where you can share your excitement and knowledge for a particular subject can be exhilarating!

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Share it online

Maybe you don’t like selling or teaching. Blog about it! Make your own website and share your passion with others. You can write a blog and share your projects and ideas. Take pictures and show your creativity. The more people find your website, the more profit you can make, especially if you look into selling ad space. Talk about interesting topics, share your experiences, maybe even track your work in a video. It’s your website, do whatever you like!

Take a picture

Almost everything that you do or create can be photographed. There are lots of websites where you can publish your pictures and people pay to use your photos. Take pictures of your hobby, or choose photography as a hobby, and sell your pictures. Who knows; you may be a real talent!

With all this being said, remember that your hobby might not always be the best way to go when looking for ways to make more money. Take into account the reasons you enjoy your hobby. If you do it to have your own time, you may want to reconsider whether you want to use that time to start a business. It’s important to have a hobby to help you relax and express your feelings. If you aren’t having fun, you may start to dread your hobby. So even while you’re trying to make money, keep having fun. Remember what you love about the hobby and focus on that.

Featured photo credit: Viktor Hanacek via picjumbo.com

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Florence Carmen Bukasa

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Last Updated on March 4, 2019

How to Use Credit Cards While Staying Out of Debt

How to Use Credit Cards While Staying Out of Debt

Many people will suggest that the best thing to do with your credit cards during these tough economic times is to cut them up with a pair of scissors. Indeed, if you are already in huge debt, you probably should stop using them and begin a payback strategy immediately. However, if you are not currently in trouble with your credit cards, there are wise ways to use them.

I happen to really love my credit cards so I will share with you my approach to how I use mine without getting into deep financial trouble.

Ever since about 1983 when I got my first Visa card, I continue to charge as many of my purchases as possible on credit. Everything from gas, groceries and monthly payments for services like my cable and home security monitoring are charged on credit. Despite my heavy usage, I have maintained the joy of never paying any interest fees at all on any of my credit cards.

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Here are some tips on how best to use your credit cards without falling into the trap of paying those nasty double-digit interest fees.

Do Not Treat Credit Cards as Your Funding Sources

Too many people treat their credit cards as funding sources for major purchases. Do not do this if you want to stay out of trouble. I use my credit cards as convenient financial instruments so I do not have to carry around much cash. In fact, I hate carrying cash, especially coins. When you buy things on credit, the purchases are clean and you will not get annoying coins back as change.

I do not rely on my Visa, MasterCard or American Express to fund any of my purchases, large or small. This brings me to my golden rule when it comes to whether I will pull out any of my credit cards either at a retail or online store.

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I never purchase anything with my credit cards if I do not have the actual cash on hand in my bank account.

If I really cannot pay for the item or service with cash that I already have at the bank, then I simply will not make the purchase. Remember, my credit cards are not used as funding sources. They are just convenient alternatives to actual cash in my pocket.

Make Sure to Always Pay Off Balances in Full Each Month

The next very important part of my overall strategy is to make absolutely sure that I pay the balances in full each and every month no matter how large they are. This should never be a problem if the cash has been budgeted for my purchases and secured in the bank. I have always paid my full balances each month ever since my very first credit card and this is why I never pay interest charges.

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Using Credit Cards with Rewards

Most of my credit cards are of the “no annual fees” type, including one MasterCard on a separate account I keep at home as a spare in case I lose my wallet or incur any fraudulent charges. However, I do use a main Visa card which does have an annual fee because all purchases on that card reward me with airline frequent flyer points. For me, the annual fee is worth it since I do travel and I get enough points to redeem many free flights.

You have to decide for yourself if you will charge enough purchases on credit each year without paying interest charges to warrant a credit card that rewards you with airline points (or other rewards). In my case, the answer is “yes” but that might not be the case for you.

I occasionally use a MasterCard or American Express card on small purchases just to keep those accounts active. Also, I have been to the odd retailer that accepted only a certain type of credit card, so I find that having one from each major company is quite handy. Aside from my main Visa card which earns the airline points, the rest of my cards are of the “no annual fees” variety.

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So this is how I use my credit cards without getting into any financial trouble with them. This strategy is recommended only if you are not in debt, of course. In fact, it is worth keeping in mind once you’re out of debt so that you can keep your credit cards active and treat them responsibly.

What are your credit card usage strategies? Let me know in the comments — I’d love to hear what methods you use.

Featured photo credit: Artem Bali via unsplash.com

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