Advertising
Advertising

10 Unusual Ways To Make Money

10 Unusual Ways To Make Money

The median U.S. salary is less than $29,000, and even those who exceed this metric are not likely to make more than $45,000. In other words, individuals who are working a typical 9-to-5 job may not be bringing in enough money to have their version of the American dream. This becomes even more difficult for retirees and those who are not suited to a career in Corporate America. Fortunately, there are several alternative methods you can utilize to either boost your current income or to replace a typical job altogether.

1. Join A Clinical Trial

Not every clinical trial offers cash compensation, and the amount paid in others will vary. However, it may be possible to earn anywhere from a few dollars to almost $2,000 for participating in one clinical trial. The trick is to pay close attention to the qualifying criteria and any applicable payments so that you can choose the right type of trial for you. As an added bonus, some people who choose this route are able to gain access to potentially life-saving medication for a variety of medical issues.

2. Start House Flipping

The housing market is continuously improving, but there are still many foreclosed properties that are available for a discounted price. This gives someone who is handy with tools a good opportunity to get involved in house flipping. In a nutshell, the process of flipping houses involves buying cheap homes with the intention of investing enough time and money to dramatically increase their value. The amount of money that you can make will depend on several factors, but a quick house flip has the potential to bring in several thousand dollars in one month.

Advertising

3. Dog Walking And Pet Sitting

Many people who work full-time hire others to walk their dog or even pet sit throughout the day, and this is also a useful alternative to boarding animals during vacation. In the past, this was something that people in the local area could use as a way to make a few dollars, but the rise of websites such as Care.com and Pet Sitters International makes it possible to earn $10 an hour or more offering these services. This is a great way for animal lovers to supplement their income, and some people have even turned it into a career!

4. Tutor Others In Your Top Subjects

YouTube and other online resources can help students get a better grasp on tricky subjects, but there are still many people who need an actual tutor to answer questions and show them more difficult concepts. Tutors for every subject imaginable can be found in-person and on numerous websites. According to Presto Experts, online tutors can earn at least 50 cents per minute for offering their knowledge to others. This may not be a steady source of income, but it is a good way to earn an extra $30 per hour every so often.

5. Sell Your Hair And Plasma

There are many things that you naturally have on and in your body that are worth money to others, including hair, plasma, and sperm. For example, the online hair price calculator indicates that 6 inches of brown undyed hair is valued at $59. Donating plasma can bring in $200 or more per month, and a sperm donation is usually worth at least $35. There are also some much more highly invasive procedures you can go through if you need to make a larger amount of money. Qualified women have the option of selling their eggs, and a completed cycle is typically compensated with an $8,000 payment.

Advertising

6. Become A Professional Gamer

Are video games one of your favorite things about life? If your skill level is high enough, you may be able to turn your interest into a viable career. The top professional gamer in the industry earned $454,544 in 2013, but it is important to note that this is not a typical salary. Earning an annual salary of $25,000 as a gamer will require you to win at least one U.S. tournament each year, so you need to be very dedicated and skilled to make a decent living.

7. Turn Your Snapshots Into Stock Photos

Stock photos sites are very common, and almost anyone with a camera can join them in order to make some extra cash. Simply upload any pictures that may be useful for websites or marketers and set your price. Most people will not accrue a lot of money by doing this, and you may end up selling photos for less than 50 cents each. The good news, though, is that this is something that can be done in your spare time, and each picture has the potential to make money after it has been uploaded.

8. Make Your Backyard A Rental Space For Campers

People who do not spend all of their time in one location can turn their house into a rental home, but this is not going to provide any steady source of income unless you have two houses. However, your backyard will always be available, and some resourceful individuals have started renting this space to campers and gardeners. You will need to make sure that you have the proper insurance and that you are not violating any local laws, but most homeowners should have the ability to utilize this unusual revenue source.

Advertising

9. Become A Local Tour Guide

Do you live in or near a popular tourist destination? If so, you can turn your localized expertise into an easy way to make extra money! There are multiple websites you can join to advertise your services, and this is also a great way to spend time outside while socializing with new people from around the world. Guides do everything from providing a generalized overview of the city to taking people on specialized routes such as the macabre Jack the Ripper tours that are very popular in London.

10. Flip Items On eBay

House flipping comes with a bigger reward than eBay flipping, but it also requires a larger initial commitment. If this is out of your reach, you can start building some capital by picking up useful and collectible items from yard sales and flea markets. After you clean them up, they can be flipped on eBay for a profit. Make sure that you pay close attention to current trends, and it is also wise to invest in a current toy collectible pricing guide so that you avoid overspending.

Combining these money-making tips with some of the most unusual ways to save money is a great way to boost your bank account! Even if you are only able to utilize one or two of these methods, it should soon be at least a bit easier to pay all of your bills and keep some money in your savings account.

Advertising

Featured photo credit: TaxCredits.net via flickr.com

More by this author

Holly Chavez

Writer, Entrepreneur, Small Business Owner

How I Keep the Spark Alive in My 10 Years of Marriage 8 Psychological Tricks To Help You Nail the Interview of Your Dream Job The Ultimate Solution To Your Super Long Stay At Bathroom: Constipation Remedy. Low glycemic index foods I Promise These 10 Low GI foods can Keep You Fuller For Longer! Emotional Quotient Isn’t Just About Emotions. It Involves Numerous Skills

Trending in Money

1 The Best Ways to Save Money Even Impulsive Spenders Can Get Behind 2 How to Answer the Tough Question: What are Your Salary Requirements? 3 How Personal Finance Software Helps You Get More Out of Your Money 4 The Definitive Guide to Get Out of Debt Fast (And Forever) 5 35 Real Ways to Actually Make Money Online

Read Next

Advertising
Advertising

Published on November 20, 2018

The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

The truth is, there are many “money saving guides” online, but most don’t cover the root issue for not saving.

Once I’d discovered a few key factors that allowed me to save 10k in one year, I realized why most articles couldn’t help me. The problem is that even with the right strategies you can still fail to save money. You need to have the right systems in place and the right mindset.

In this guide, I’ll cover the best ways to save money — practical yet powerful steps you can take to start saving more. It won’t be easy but with hard work, I’m confident you’ll be able to save more money–even if you’re an impulsive spender.

Why Your Past Prevents You from Saving Money

Are you constantly thinking about your financial mistakes?

If so, these thoughts are holding you back from saving.

I get it, you wish you could go back in time to avoid your financial downfalls. But dwelling over your past will only rob you from your future. Instead, reflect on your mistakes and ask yourself what lessons you can learn from them.

It wasn’t easy for me to accept that I had accumulated thousands of dollars in credit card debt. Once I did, I started heading in the right direction. Embrace your past failures and use them as an opportunity to set new financial goals.

For example, after accepting that you’re thousands of dollars in debt create a plan to be debt free in a year or two. This way when you’ll be at peace even when you get negative thoughts about your finances. Now you can focus more time on saving and less on your past financial mistakes.

Advertising

How to Effortlessly Track Your Spending

Stop manually tracking your spending.

Leverage powerful analytic tools such as Personal Capital and these money management apps to do the work for you. This tool has worked for me and has kept me motivated to why I’m saving in the first place. Once you login to your Personal Capital dashboard, you’re able to view your net worth.

When I’d first signed up with Personal Capital, I had a negative net worth, but this motivated me to save more. With this tool, you can also view your spending patterns, expenses, and how much money you’re saving.

Use your net worth as your north star to saving more. Whenever you experience financial setbacks, view how far you’ve come along. Saving money is only half the battle, being consistent is the other half.

The Truth on Why You Keep Failing

Saving money isn’t sexy. If it was, wouldn’t everyone be doing it?

Some people are natural savers, but most are impulsive spenders. Instead of denying that you’re an impulsive spender, embrace it.

Don’t try to save 60 to 70% of your income if this means you’ll live a miserable life. Saving money isn’t a race but a marathon. You’re saving for retirement and for large purchases.

If you’re currently having a hard time saving, start spending more money on nice things. This may sound counterintuitive but hear me out. Wouldn’t it be better to save $200 each month for 12 months instead of $500 for 3 months?

Advertising

Most people run into trouble because they create budgets that set them up for failure. This system won’t work for those who are frugal, but chances are they don’t need help saving. This system is for those who can’t save money and need to be rewarded for their hard work.

Only because you’re buying nice things doesn’t mean that you’ll save less. Here are some rules you should have in place:

  1. Save more than 50% of your available money (after expenses)
  2. Only buy nice things after saving
  3. Automate your savings with automatic bank transfers

These are the same rules that helped me save thousands each year while buying the latest iPhone. Focus only on items that are important to you. Remember, you can afford anything but not everything.

How to Foolproof Yourself out of Debt

Personal finance is a game. On one end, you’re earning money; and on the to other, you’re saving. But what ends up counting in the end isn’t how much you earn but how much you save. Research shows that about 60% of Americans spend more than they save.[1]

So how can you separate yourself from the 60%?

By not accumulating more debt. This way you’ll have more money to save and avoid having more financial obligations. A great way to stop accumulating debt is using cash to pay for all your transactions.

This will be challenging, depending on how reliant you are with your credit card, but it’s worth the effort. Not only will you stop accruing debt, but you’ll also be more conscious with what you buy.

For example, you’ll think twice about purchasing a new $200 headphone despite having the cash to buy them. According to a poll conducted by The CreditCards.com, 5 out of 6 Americans are impulsive spenders.[2]

Advertising

Telling yourself that you’ll have the discipline to not buy things won’t cut it. This is equal to having junk food in your fridge while trying to eat healthy–it’s only a matter of time before you slip. By using cash to make your purchases, you’ll spend less and save more.

A Proven Formula to Skyrocket Your Savings

Having proven systems in place to help you save more is important, but they’re not the best way to save money.

You can search for dozens of ways to save money, but there’ll always be a limit. Instead of spending the majority of your effort saving, look for ways to increase your income. The truth is that once you have the right systems in place, saving is easy.

What’s challenging is earning more money. There are many routes you can take to achieve this. For example, you can work long and hard at your current job to earn a raise. But there’s one problem–you’re depending on someone else to give you a raise.

Your company will have to have the budget, and you’ll have to know how to toot your own horn to get this raise. This isn’t to say that earning a raise is impossible, but things are better when you’re in control right? That’s why building a side-hustle is the best way to increase your income.

Think of your side-hustle as a part-time job doing something you enjoy. You can sell items on eBay for a profit, or design websites for small businesses. Building a side-hustle will be on the hardest things you’ll do, be too stubborn to quit.

During the early stages, you won’t be making money and that’s okay. Since you already have a source of income, you won’t be dependent on your side-hustle to pay for your expenses. Depending on how much time you invest in your side-hustle, it can one day replace your current income.

Whatever route you take, focus more on earning and save as much as possible. You have more control than you give yourself credit for.

Advertising

Transform Yourself into a Saving Money Machine

Saving money isn’t complicated but it’s one of the hardest things you’ll do.

By learning from your mistakes and rewarding yourself after saving you’ll save more. What would you do with an extra $200 or $500 each month? To some, this is life-changing money that can improve the quality of their lives.

The truth is saving money is an art. Save too much and you’ll quit, but save too little and you’ll pay for the consequences in the future. Saving money takes effort and having the right systems in place.

Imagine if you’d started saving an extra $100 this next month? Or, saved $20K in one year? Although it’s hard to imagine, this can be your reality if you follow the principles covered in this guide.

Take a moment to brainstorm which goals you’d be able to reach if you had extra money each month. Use these goals as motivation to help you stay on track on your journey to saving more. If I was able to save thousands of dollars with little guidance, imagine what you’ll be able to do.

What are you waiting for? Go and start saving money, the sky is your limit.

Featured photo credit: rawpixel via unsplash.com

Reference

Read Next