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6 Lifehacks to Make Money Even When You Are Unemployed

6 Lifehacks to Make Money Even When You Are Unemployed

We have no doubt that you are putting in a lot of hard work and time into your job hunt, and that your job search is starting to feel like you already have a full-time job. But, there is one downside here; you are not getting paid to search for a new job. If you are currently unemployed, you may be experiencing some stress and that can even cause some definite problems, because after all, you need to pay those bills that are piling up.

Do not worry, because finding a new job is not your only option to bring money home. There are several quick, easy and different ways to bring home some extra cash while you are still looking for that dream job. We bet that you are getting curious, and if you are, keep reading to find out more about the lifehacks that’ll help you make money even if you are currently unemployed.

1. Start Your Own Blog

The internet is filled with different kinds of blogs that are devoted to all kinds of topics. Many of them do not make any money, some make a decent amount, and there are some that draw in lucrative and regular income. For example, fashion blogs are now ultra-popular and research has shown that a fashion blogger can make even $4000 a month, if they have 400.000 page views per month.

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This is the best case scenario, but if you manage to make $400 each month from blogging, that can certainly be useful, especially when you are unemployed. So, if you are passionate or have a lot of knowledge about a subject which others will be interested in learning, you may able to make some extra money by setting up a blog and generating revenues from sponsored posts or affiliate marketing.

2. Walk Dogs

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    Have you considered turning your love for dogs into hard cash? Many dog owners nowadays simply do not have the time to take their furry pets on walks during the day, so there’s money to be made from walking them. Walking a neighbor’s dog is not only a great way to make money, but you can also get your share of exercise.

    There are also several more tasks you can take on, like mowing lawns or weed gardens. If you are handy, you can even take care of a few repairs for people who are in need of them. Remember that people need help with everyday things all the time, but in many cases, they do not want to hire a professional. So, make yourself available, help them address these small issues and earn cash while you are doing something good.

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    3. Teach Online

    If you have a skill, a trade or knowledge of a certain foreign language, you can easily make money by teaching others. There are many websites that are looking for people who can teach these skills online. Even though this does not allow you as much control and freedom like other lifehacks we mentioned above, it can be fun if you are a person who likes to teach others.

    There is one bonus that comes with this. You will get an experience you can put in your resume and help you score a job later on. But be careful; many people have managed to make a successful career out of teaching people online, however, not everyone can do this successfully.

    4. Participate In Research Studies

    Perhaps the idea of participating in research studies and clinical trials may sound a little terrifying, because there is always that fear that something can go wrong. But many of them are safe and you can earn a decent amount of money. Search online for focus groups, research panels, clinical trials, surveys and other paid opportunities that are looking for participants. The amount of money you are going to get can vary, but this is still one effective way to earn some extra cash.

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    5. Become a Streamer

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      Many people spend money in order to play video games, but there are those who do it the other way around; they make money by playing video games. If you are a gamer yourself, and in need of cash, then this is an excellent opportunity to turn your hobby into a paying gig. Thanks to the streaming websites like Twitch and YouTube Gaming, smart and lucky people are now swimming in cash that they’ve earned by broadcasting their gameplay on the internet.

      However, turning streaming into a lucrative business is not an easy task, because you need to build a sizeable audience that will be willing to watch and pay. You will be needing the proper gear and, if you do not own an Xbox One or a PlayStation 4, a game capture box and a PC will do the trick. Once you set up everything, remember to be entertaining and charismatic if you want people to come back and watch you.

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      6. Sell Your Stuff

      It is in our human nature to hang onto things that we are no longer using, whether that is a pile of clothes in our closet, a bike we have never ridden or a spare TV set. If you look at it like leaving large piles of money just sitting around your home, it kind of seems ridiculous, doesn’t it?

      Essentially, this is what you are doing, because all of those unused items are just taking up your space, instead of actually helping you score some of that much-needed money. This is why you need to list them for sale online or host a garage sale that will not only help you eliminate your clutter, but it will also fill up your wallet.

      When you are unemployed and in a search for a job, it is understandable that you want to put in all of your energy, time and attention into finding that perfect position. But, this will not help you pay your bills, because you need to find ways to bring in some cash when you need it the most. Finding a part-time job is always an option, if you can swing it, but if you want to try something else, these different ideas and hacks will surely provide you with inspiration to earn some extra cash while you are on your job search.

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      Featured photo credit: http://kaboompics.com/one_foto/1012/white-laptop-female-hand-note-pen-phone-desk via pexels.com

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      Katarina Milovanovic

      Creative Writer

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      Last Updated on July 20, 2021

      Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

      Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

      Have you ever considered your life now, and how it would be if you had more time to spend with your family and less worries about money?

      Nowadays, financial stress is one of the most troublesome weights in life. If you’ve ever encountered financial stress, you know the difficulty of not having enough income to pay your obligations or bills.

      Many people say that money is not the ultimate goal of life. While that’s true, money certainly plays a very significant role. The meaning of financial freedom changes with the different phases of our life, but ultimately, it is something that many people strive for.

      In this article, we’ll explain how to capture that financial freedom you’ve been looking for. Read on to learn the secrets to financial freedom.

      Break Free of Your Finances

      Financial freedom is about having a constant flow of cash from your assets to cover all your regular needs.

      When you are not worried about your income, or living paycheck to paycheck, you gain a great sense of freedom. It’s the freedom to be obtain and do what you truly need to make your way through everyday life.

      Gaining financial freedom, though, is a process of growth, making small improvements and gaining emotional strength.

      Though it seems hard to believe, it is really very simple to get financial freedom.

      To do so, you simply need to make sure that your assets exceed your liabilities. In other words, you’ll need to find the sweet-spot where your residuals meet or surpass your expenses. This is something that you can achieve with the proper plan.

      While not every person will accomplish financial freedom, the potential for anyone to do so is certainly there. Anyone can achieve this success, regardless of their income level.

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      Outlined below are 9 secrets that will help you in your goals of achieving financial freedom.

      1. Stop Unnecessary Spending

      We often spend money inwardly, instead of objectively.

      For example, you may spend when you’re anxious, depressed, restless, exhausted, from fear of missing out, or to please others. This is a very unhealthy way to handle your finances.

      To stop this habitual spending, log down all your spending over the course of a month.

      Just as some people keep a food diary, keep an expense diary. Remember not to just write down how much and what you spent the money on, also include the circumstances of why you spent the money. Was it an impulse buy at the checkout line or was it something you planned to purchase?

      This increased self-awareness could enable you to avoid triggering situations in the future when you are considering an impulse buy.

      2. Plan a Monthly Budget

      This is a great opportunity to get serious.

      Take a seat with your spouse or partner and make a monthly budget based on your income, not your expenses. You are never again going to spend more cash then you have on hand.

      Overspending is the thing that led you to more financial obligations. Make sure you decide every month what is coming in and what will be going out and stick to that budget… no matter what.

      3. Cut-up Credit Cards

      Perhaps you are the type of person who always pays your credit card balance in full before the end of your billing cycle, and enjoys the reward points you gain. If this is the case, then you’re already way ahead of the game.

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      If not, you may want to consider ridding your life of the burden that credit cards bring.

      Many cards have strategies set up so that if you make a certain number of late payments, they will raise your interest rate much higher. This can really add up in the long run and you won’t be doing your financial situation any favors. If you’re prone to late payments or have a large balance due on your cards, cut them up!

      Without proper self control on credit card spending and payments, you are basically throwing your money away. To ensure that you have better control over your spending, use only cash or debit for all future purchases (and don’t forget to pay at least your minimum payment on your cut-up cards each month!).

      4. Increase Savings

      There is no doubt that for a comfortable retirement you must accumulate satisfactory savings throughout your working life.

      It’s good practice to save up to 15% of your income.

      Start with your workplace 401(k), if you have one. If not, a Roth IRA (if you are eligible) or a traditional IRA (if you are not eligible for the Roth) are the next logical steps.

      Increase in longevity means you might be able to look forward to 25 to 30 years in retirement, or possibly even significantly more. Investing now in good retirement plans will ensure that you have a guaranteed a stable monthly income when the time comes to stop working. [1]

      5. Invest Wisely

      Consider investing in funds.

      Specifically, you will gain higher returns if you invest in different types of mutual funds such as Debt funds, Equity funds and Hybrid funds with a proper balance, although it absolutely relies on your personal preferences and sense of risk taking.

      To get the most of these benefits, make sure you are investing in a variety of assets. Another resource of investing in mutual funds is SIP (Systematic Investment Plan) where you invest some money every month in funds. SIP works by averaging the per unit price of the stock.

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      Mutual fund investors are aware of the benefits of an SIP (Systematic Investment Plan). For one, it is the most secure way to invest in equity mutual plans so that wealth is created over a long period of time. This plan also helps you to gain a better sense of financial discipline, which will come in handy in all your financial endeavors.

      6. Invest in Gold

      There isn’t really a better way to invest in gold than to have the physical gold itself in your possession.

      You can purchase gold coins and bars from mints as well as from coin dealers and other private sellers.

      Another way to invest in gold is through ETFs (Exchange Traded Funds).

      These are is similar to mutual funds but they are exclusively investments of gold. ETFs are great because they offer more liquidity; the ETF owns the actual physical gold, stores it, and retains the value of the shares. These shares can then be bought and sold in the stock market, and one big benefit is that the transaction costs of gold ETFs are much lower than the that of physical gold.

      With its consistently-increasing demand, investment in gold can be very wise long-term investment to make.

      7. Stash Emergency Funds

      Whether it’s a cash gift or a work bonus, always try to save any extra money that comes your way rather than making unneeded purchases.

      If you get paid every other week, you’ll get an “extra” paycheck (three rather than the usual two) twice a year. Either save those paychecks towards your emergency funds or utilize the money to pay down other obligations, such as loans, credit cards or other debts.

      Make it hard to get your cash.

      Put your savings in an alternate bank, maybe an online bank that forces you to delay for several business days before transferred money hits your regular bank account.

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      8. Find Fabulous Mentors

      Find a mentor, such as a friend or family member, who has exceptional control over their finances and pay attention to everything they do.

      If you do not have any friends or family that are enjoying financial freedom, then find a mentor online! There are numerous blogs and guru websites featuring the advice of many people who have reached financial freedom, and they exist primarily to let you in on how to achieve it for yourself.

      There are also plentiful forums available that share tips and tricks on how to best achieve financial freedom. Read as much as you can and start changing your habits for the better.

      9. Be Extra Patient

      Patience is the key of financial success.

      Being patient can be quite tough, especially when you’re struggling with your finances, but having faith is worth it. You’ll continuously be on the right track if you are taking the proper steps above.

      So don’t be discouraged, even if you are only saving a few dollars a month; it all adds up. Within just a few years you’ll look back proudly at your accomplishments and be glad that you had the patience to get there.

      Financial Freedom for All

      Anyone can achieve financial freedom, regardless of their financial circumstance.

      Use the tips provided above to get yourself on the track to financial freedom and toss your monetary concerns out the window. If you wish to achieve a life with financial freedom for yourself and your family then you must adopt a disciplined approach towards your finances.

      Following the simple secrets above is a great start to making your money work for you, so you can work less and live more!

      Featured photo credit: rawpixel via unsplash.com

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      Reference

      [1] Hartford Gold Group: IRA Retirement Accounts

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