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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.

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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.

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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.

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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.

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Featured photo credit: TaxCredits.net via flickr.com

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Holly Chavez

Writer, Entrepreneur, Small Business Owner

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Last Updated on April 3, 2019

How to Nix Your Credit Card Debt in Less Than 3 Years

How to Nix Your Credit Card Debt in Less Than 3 Years

Debt is never a fun thing to be in. But, there are many actions that you can take that will help you rid yourself of the burden of debt once and for all.

By coming up with a set plan, eliminating your debt can feel much easier than constantly thinking about it.

This post will provide some tips on how you can do this to help you nix your credit card debt in less than 3 years.

Hint: there are ways that are easier than you think.

1. Consider Consolidating Multiple Credit Cards If Possible

This may not be applicable to you, but if you have multiple cards – it is something to consider. Keeping up with multiple bills is time consuming.

It will depend on the balance you have on each. Consolidate ones you can but do not do it to the point that you get too close to the maximum limit. Also, it is ideal to pick the card with the lower interest rate.

Consider if there are any fees or alternatively, rewards, with transferring a balance to another card. Watch out for fees. Note that some cards offer rewards for transferring a balance to them. This is extra cash that can help go towards paying off your debt.

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Having one or two cards can make nixing your debt much simpler than keeping up with the balance of a bunch of cards. Keeping track of paying the minimum towards a bunch of cards is time consuming. Spend the time to consolidate instead to make the overall process simpler going forward.

My tip: Have one main credit card. Have a second one that you use for necessities – such as groceries or gas – that offers rewards for those purchases (a lot of cards do) and set the second one on auto-pay. You should be able to pay off a smaller amount on auto-pay if it is a necessity. If you think you cannot, then you may need to cut down a lot on expenses.

Why do I suggest doing this? Having one thing set to auto-pay is one less thing to think about. One less thing to waste time on. Same idea with consolidating to one main card. Tracking down too many is a hassle.

2. Try to Pay the Full Balance You Spent Each Month at the Very Least

You need to pay off the amount you are spending each month when that bill comes in. This is the amount you spent THAT month.

Do not let the debt keep accruing while you work on paying any unpaid debt that has accrued. It will become a never-ending battle. Try as best as you can to be current on paying for each month’s expenses when that month’s bill comes out.

If this is a strain, consider why. You may need to cut expenses. Or you may need to consider other cards. Or look at where this money is going.

3. Pay Extra When You Can – Every Small Amount Counts

This cannot be emphasized enough. If you are looking at a lot of credit card debt, it can look daunting, but each extra amount that you can put towards the debt will really add up – no matter how small it is.

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It does not just reduce the principal amount that you have left to pay off, but it reduces the amount that is collecting interest. You will always save money with that reduced interest.

4. Create a Plan on How to Pay Extra

Back to the main point, having this plan is giving you one less thing to think about.

This plan should be a plan that works for you. If it does not work for you, your spending habits, and your views on debt, then it will not be an effective plan.

For instance, if a set plan of an extra $50 (or another amount that you know you can afford) works for you, then do that. Set that aside every month and pay that extra amount. Treat it like a bill. Choose an amount that works for you and pay it like clockwork as though it was a bill you had to pay each month.

Little amounts will not nix it entirely, but they will help tackle it and having a set plan can make it less of a chore. Creating a new plan of how much to put towards it each month is an unnecessary added stress.

5. Cut out Costs for Services You Do Not Use

If you are signed up for subscriptions that you do not use because of some free trial or for some other reason, cut it out. Your overall financial position will look better.

In turn, that will make cutting your credit card debt easier. Look at your statements to find these expenses. If you do not use them, you may forget you are paying some unnecessary amount each month. Cutting it out can really add up in savings that you can put towards other needed expenses.

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6. Get Aggressive About It

Consider these points:

Depending on the interest and the level of debt, you may need to give up a few indulgences. For example, instead of ordering delivery or going out to eat, cook at home. Everything adds up.

Other things may be more of a sacrifice. It may be a trip you wanted to go on, or a daily latte habit you’ve picked up. In these instances, consider how important it is to you and if it’s worth the sacrifice. And if it is a costly expense, think whether you can wait to indulge.

Cutting an extravagant expense can really help make a dent in your overall debt. Try not to add to debt when you are trying to pay it off. It will be a never-ending battle. Make it less of a battle with these tips and it will feel easier.

Bottom line: Do what you can to make this process easier for you. Implement steps that do this. It takes time now, but will help overall. Also, keep track of your spending and paying down of your debts. Which is the next point.

7. Reevaluate Your Progress at Set Intervals

Doing a regular check-in can help you see your efforts pay off or maybe indicate that you need to give this a bit more effort. If you check every 3-6 months, it will not feel so much like a chore or feel so daunting.

By doing this, you will be able to better understand your progress and perhaps readjust your plan. Bonus: if you see it pay off, it will feel great to do this check-in. You will get there.

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Finally (and most importantly)…

8. Keep Trying

Do not get discouraged. Pushing it off will make it worse. Just keep trying.

Once your debt becomes lower, each monthly payment will reduce the balance more. Why? You are paying less towards interest. It will be a snowball effect eventually and it will become much easier to manage. Just get to that point. And know once you do, it will feel easier and motivating.

Start Knocking out Your Debt Today

The best way to eliminate debt is to get started right away. Begin by implementing the above steps and watch your debt just melt away. Try out some of the above strategies and see what works best for you. Soon you’ll be on your way to a debt free life.

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Featured photo credit: Pexels via pexels.com

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