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7 Legitimate Hacks to Have Fun and Make Money Online

7 Legitimate Hacks to Have Fun and Make Money Online

“Make money online.” You might be reading the 100th article on the topic, and you still haven’t found the real answer. Well, that’s not your fault. Most of the online articles focus on selling their products and, in the process, forget to help their readers.

In this article, we will focus on how to earn money online and have fun at the same time. A person’s aim in the 21st-century is to earn money. After all, who doesn’t love economic freedom? Economic freedom is a healthy way to ensure you and your family’s future.

So let’s get started with the legitimate hacks that you can implement to have fun and make money online!

1. Start freelance writing

Writing online is the easiest way to get some money in your pocket. During the initial starting period, you can be paid anywhere from $1 to $3 per word (if you get the right client). Later on, you can focus on improving your portfolio and target writing for different magazines who pay way better than some websites. Many magazines tend to pay up to $1000 for an amazing article. All you need to do is pitch the idea to the magazine editor and write it once it is approved.

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The hack: Get your basics right. If you are not good in writing, take free online English courses and make sure to use the certificates to boost your chances. After initial skill improvement, start pitching different magazines and websites with your ideas. Once approved, write the article and start earning! Rinse and repeat!

2. Love to code and mentor? Sign up for a code mentorship program

If you are a coder by any chance and also enjoy mentoring, you are in for a good opportunity to earn money. Livecoding, a social platform for engineers, aims to provide a code mentorship program for everyone. In the program, anyone can get a code mentor by signing up for a pro account. Right now, the mentor gets half the amount of the pro account fees per month. Overall, the idea is neat and applicable in the real world, as there are tons of beginners who need mentoring.

The hack: If you want to mentor successfully, you need to have sound knowledge of the programming language or technology you aim to mentor in. Before you start, make sure you know your stuff!

3. Start a blog

What if I told you that you could build your identity online? Yes, you can do so, by starting to blog. Blogging is a way to create your identity. But, don’t get too excited too soon. It is not that easy. It requires years of work, and it is a fact that most bloggers start earning good amount after 4-5 years of experience.

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So, what’s the take? You can start your blogging journey right now, and get the most out of it in the long term. You can earn income through multiple media such as advertising, affiliate programs, services, memberships, etc

The hack: There are many websites where you can learn how to blog. Detailed tutorials are easy to find. All you need to do is get into the groove and start experimenting. You can start with what you love, to what sells. Slowly, you will learn the quirks of the trade and excel with time. The key here is patience. Get started by reading the definite guide to blogging here.

4. Tutor

Online tutoring is a common thing now. With many great websites out there for tutoring purpose, you can quickly jump start your teaching career. It doesn’t matter which topic or subject you are an expert in; you can get appropriate audience online through different platforms such as Upwork.com, TutorVista.com, etc.

The hack: An urge to teaching should be there. You should also have good communication skills and the ability to stay on camera while tutoring. You should also be comfortable with the subject in which you are teaching.

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5. Virtual assistant

Being a Virtual assistant is a great profession. It requires a multitude of skills to execute correctly and is highly honored among companies or individual workers who are looking for additional help. Virtual Assistants do a plethora of work, including writing, calling and doing initial research for clients. The wide range of skills required can be challenging at the start, but with continued practice and effort, you can easily hone them.

The hack: Becoming a VA is all about communication skills and how much you understand your client. The first step is to have an online website, read about VA and its intricate ideas, be pro-active, network well with other VAs, and continuously learn.

6. Become a developer

A developer is a person who is skilled in computer technology and can help build apps for clients. There is a huge demand for developers in the current economy. But, it is a hard skill to master. If you already have some development knowledge, you are ready to move forward. If you don’t, then it is a good idea to join Bootcamps or online courses to start learning. Once you feel competent, you can go to Upwork.com or any other freelancing website to find projects.

The hack: If you are new to development, start with basic online courses and then move to Livecoding to get a taste of how real development take place. Once comfortable, use your connections to get new projects and build a portfolio. With the portfolio, you can now pitch online clients with your ideas and get projects to work on!

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7. Sell your stuff online

It is now incredibly easy to sell your stuff online. It doesn’t matter if you are selling brand new stuff or stuff you already own, you will always get a buyer. There are many websites that let you sell things. For example, you can use ebay.com to sell your stuff. Other websites that you can use to sell stuff are Craigslist, Amazon, etc.

The hack: The only way to sell stuff online is to be good at taking pictures, write good product descriptions, and offer great customer service when things go wrong. You also need to open a PayPal account for transaction purposes. You can also opt to create your website for selling stuff, but with so many eCommerce websites out there, making one is highly discouraged, until and unless you have an excellent idea.

Conclusion

It is now upon you on how to utilize them. Not only you will be more financially secure, but you can learn to enjoy your life freely with better work-life balance. Becoming self-sufficient is never a bad thing to do when the cost of living is increasing every single day.

So, considering where you stand now, which channel of earning are you planning to get started with? Go ahead and show the world how you earn money online and have fun at the same time.

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Published on January 8, 2021

How To Pay Off Credit Card Debt Fast: 7 Powerful Tips

How To Pay Off Credit Card Debt Fast: 7 Powerful Tips

Ever wondered whether your credit card debt is the reason you’re in a bad financial situation? You can’t enjoy any fun activities because a good chunk of your money goes toward debt payment. Heck, you’re even behind on some of your monthly bills.

The effects of clumsy debt management are too many to list here. This guide is going to help you discover how to pay off credit card debt fast and start chasing your financial goals.

Debt problems are the last thing anyone wants to encounter. But things can get out of hand when all the “little debts” you take accumulate in interests.

What if you knew some simple and proven ways to be debt-free quickly? Implementing them would mean better financial health for you. It becomes possible to free up cash for your “wants.” These include taking a trip or buying something you’ve always desired. All that while paying your bills on time!

Let’s not wait any longer. Here are 7 powerful tips for paying off credit card debt fast:

1. Pay More Than the Minimum Credit Card Payments

Many people only pay the monthly minimum on their credit cards. Truly, that’s the right amount for staying on good terms with your credit card company. But you need a different approach if you’re looking to achieve financial independence within a short time.[1]

Most of your payments go toward interest costs when you only pay the minimum amount. A substantial sum of your balance remains standing. As a result, it becomes more expensive to eliminate your debts.

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You don’t want to wait more than 10 years to get rid of debt while it’s possible to do it sooner. All you have to do is double that $100 minimum payment to $200 or go higher.

The good thing is that minimum credit card payments are affordable in most cases. By paying a higher amount, you reduce your interest costs, lessen your borrowing period, and boost your credit score.

2. Start With High-Interest Credit Card Debt

If you have more than one credit card debt, prioritize putting the extra money toward the ones with the highest interests. This debt pay-off strategy, known as the debt avalanche method, is essential for being debt-free quickly.[2]

First, you need to list down all the credit card debts you have in the order of their interest rates. Next, you choose the one with the highest interest and pay a significant amount toward it each month. It can be an amount twice or even thrice larger than the minimum payment.

At the same time, you make monthly minimum payments on the other debts. Their interest charges won’t be as costly as that of the first debt on your list. You only move on to the next high-interest debt after the first one is gone. Remember that your focus is on the interest rates and not the balances.

3. Revisit Your Budget

Budgeting is useful for tracking your financial moves. Once you create a budget, some tweaks along the way can make it work for you better. One situation that requires you to revisit your budget is when you’re struggling with debts. It might hurt a bit to slash some expenses. But you also don’t want to miss out on achieving financial freedom in the long run.

You can reduce some variable expenses to free up more cash for credit card debt payments. They’re the ones that change from time to time. Some examples are groceries, fuel, and clothing.

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Other opportunities for cutting down your spending lie in non-essential expenses. Instead of dining out all the time, you can cook at home more to save money. You can also share some subscriptions with friends and pay a fraction of the cost.

If you’re determined enough, you can eliminate all your unnecessary expenses and focus on paying off your credit card debt first.

4. Avoid Using Your Credit Cards

Do you want to know how to pay off credit card debt with a low income? One simple way is to stop using them. Having your credit cards everywhere you go means that you’ll be more tempted to buy unnecessary stuff. In this case, you spend money that you don’t really own and get deeper into debt.

The quickest fix to stop the debt build-up is spending with cash. You’ll be more aware of everything you can afford at any particular time. If you decide to keep one or two cards to ease the transition, always make wise choices. For instance, only use them when experiencing financial difficulties.

It’s best to categorize your fun activities under “discretionary spending” in your budget. This way, you won’t need more debt to kill your boredom. By halting your credit debt from accumulating, it’s easy to pay down what you already owe and be happy with the progress.

5. Start a Side Hustle to Boost Your Income

You’re probably turning away a lot of money by not monetizing your skills. Everyone has something that they’re good at doing. And you can use that to generate extra income for attacking your credit card debt.

If you look around your neighborhood, you can find several side hustle opportunities. It can be pet sitting, tutoring, or lawn mowing. You can start an online business by offering services such as digital marketing, content creation, and web development. Such skills go in high demand on freelance sites and job boards.

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Finding clients on social media is also a good strategy to utilize your skills and make more money. Facebook groups, Quora Spaces, and subreddits are some places to look for side jobs. You only have to join a niche-specific platform, share your services, and respond to any opportunities.

It’s possible to learn a skill, practice it, and earn from it. Use the free resources online or purchase some e-courses to get started.

6. Sell Your Used Items for Extra Cash

Starting a side hustle isn’t the only way to generate extra money. You can turn unwanted items into cash for paying off credit card debt. Whether it’s an old TV, book, or furniture, there is always someone itching to buy your used stuff.

A garage sale, as much as it’s old-fashioned, is perfect for getting your neighbors and passers-by to buy from you. You keep all the money because there are no business permits or taxes involved. While you may not make much cash, it’s better than leaving your stuff to go defunct in your storage.

Other than that, you can sell your used stuff on online marketplaces. Facebook groups are great places to start if you want quick approvals and hence sales. You only have to ensure that your listing follows Facebook’s commerce policies.

When selling any pre-owned items online, ensure they’re in good shape to avoid problems with your buyers.

7. Know When to Seek Help With Your Debt

Asking for help with your credit card debt can be challenging to do. But letting it drown you is a road you don’t want to take. While you may feel embarrassed at first, it’s the best way to get back on track when you run out of options.

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There are tons of non-profit credit counseling organizations that can offer you free guidance on how to escape the debt trap. An example is The National Foundation for Credit Counseling. They simply review your finances and help you determine the source of your financial problems. After that, they match you with an actionable debt management solution.[3]

In extreme cases, the debt solution can be:

  • Debt relief – where your debt is partially or wholly forgiven
  • Debt consolidation – taking out one loan to repay others
  • Debt settlement – the creditor forgives a significant portion of your debt
  • Bankruptcy – legal process for seeking relief from some or all your debts

It’s necessary to carefully weigh your options before deciding on the way to go. Find out how it might affect your credit score and any other risks.

Wrapping It Up

Debt is a major setback when you’re trying to prosper in life. Paying off credit card debt is essential if you want to reach your financial goals. That means having more free income, a good credit card score, and even a chance to retire early. You become more productive each day because of the peace in your mind.

So, you now have some tips on how to pay off credit fast. Go ahead and get rid of that good life progress killer!

More Tips on How to Pay Off Debt

Featured photo credit: rupixen.com via unsplash.com

Reference

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