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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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Last Updated on July 10, 2020

The Definitive Guide to Get out of Debt Fast (and Forever)

The Definitive Guide to Get out of Debt Fast (and Forever)

Debt can feel crushing, like a weight that is always weighing you down. Looking at those numbers, it can feel as if you’ll never get out from under it. However, if you really want to learn how to get out of debt, it is possible with a great deal of focus and self-control.

Getting out of debt isn’t impossible. Like any big goal, all that it takes is an action plan to identify where you are and creating a plan to zero out your debt.

Identifying All of Your Debts

The first part of paying off your debt is getting a complete picture of what you owe. When you have everything written out in front of you, it makes it much easier to create an action plan. Depending on how much you owe, it might also help you realize it’s not as bad you might have originally thought.

Here’s how you can get started identifying your debts:

1. Own Your Debt

Before you start identifying all of your debts, take a moment to process that you have debt but want to get out of it.

Forgive yourself for any past mistakes, missed payments, or overspending. It might be painful to accept how much debt you have at first, but you must own it.

2. Make a Debt Tracker

It’s astonishing how few people ever created a tracker to understand their total debts. Most likely, it comes from not wanting to accept the guilt of having debt, but, if avoided, it can make it nearly impossible to get out of debt.

Open up a new Google or Microsoft Excel sheet and list out all of your debts. Start with the name of the creditor, interest rates, total balance, loan term length (if any), and the minimum amount due each payment. This will include student loans, credit cards, and any other type of debt owed.

3. Get Your Debt Number

Once you’ve made your debt tracker and taken the other steps, identify your total payoff number. This is crucial, as you will have a starting point and a clear goal that you are trying to achieve.

Prioritizing Your Debts

All debt is not created equal. It’s imperative to understand that there are different types of debt.

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1. Understand Bad and Good Debts

Bad debts are usually paying for things you want instead of always need. While there might be some emergencies that max out your credit cards, often times it’s excessive spending[1].

There are three main types of bad debt:

  • Credit Card Debt: The average American household owes over $16,000 in credit card debt!
  • Auto Loan Debt: According to CNBC , the average auto loan in the US is $30,032!
  • Consumer Loan Debt: Consumer loan debt isn’t as common as credit card and auto loan debt, but it’s still considered bad as interest rates are usually between 10-28%.

Good debt is identified as investments in your future. Here are three common types of good debt:

  • Student Loan Debt
  • Mortgage Loan
  • Business Loans

2. Decide Which Debt to Pay off First

Once you know each type of debt and their interest rates, you can begin to pay off debt quickly.

Focus on paying off bad debt first, regardless of if it is a credit card or auto loan. Start by paying off the loan with the highest interest rate first.

If you have several credit cards with different interest rates, you want to focus on the one with a higher APR. You will actually save more money by eliminating the card with the highest interest rate.

3. Don’t Pay the Minimum Amount

Paying the minimum amount digs you into a hole as interest rates will offset your payment. Even a small amount more than the minimum can help you pay off debt much faster.

Removing Obstacles to Pay off Debt Quickly

Creating a debt tracker and prioritizing a plan is simple, but avoiding temptation can be difficult.

1. Set a Reminder to Track Your Debt

“If you can’t measure it you can’t manage it.” -Peter Drucker

It’s so important to track your debt to ensure that you get it paid off quickly. Similar to working out and measuring your results, you need to track your debt constantly. Start with a weekly reminder, where you sign on and log your updated number. Did you increase, decrease, or stay the same?

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Regularly tracking your student loan balance can be incredibly motivating, as well. You will get a huge confidence boost each time you see your total debt amount decreases.

Set weekly and monthly goals so you can have short term wins and keep the momentum going.

2. Hide Your Credit Cards

If your biggest debt is credit cards, you need to eliminate temptation and remove them from your wallet.

Some people have gone to extreme measures by freezing their credit cards. Why? This would create an ice block around your card, which would require you to chip away at it slowly. This will give you time to think if it’s the best idea to buy that thing you’re about to buy.

3. Automate Everything

Willpower can be a huge downfall to paying off your debt. By automating your bills each month, you will ensure that willpower isn’t involved.

4. Plan Ahead

Getting out of debt will require some sacrifices, but with enough planning, you can make it work.

For example, if you know that you have a friend’s birthday or family dinner coming up, plan ahead for the costs. Whether you need to cut back on spending the week before, pick up a side job, or meet them after dinner, do what is needed.

5. Live Cheaply

The only way to get out of debt is to make some sacrifices on your spending habits. Find ways to save money each month so you can apply that amount to your outstanding debts. Here are some ways to save money each month:

  • Live with roommates
  • Cook dinners and prepare lunches for work instead of eating out
  • Cut cable and choose Netflix or Amazon Prime
  • Take public transit or bike to work

Finding the Lowest Interest Rates

The higher your interest rates, the harder (and longer) it will take you to pay off any debt.

If possible, you want to find ways to lower your interest rates to help get out of debt quickly. Here’s how you can get started:

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1. Maintain a High Credit Score

Your credit score will have a large impact on your ability to refinance your loans and receive a lower interest rate. If you have a low credit score, it’s unlikely you will be able to refinance your loans. Use these credit tips to increase and maintain an excellent score:

  • Never miss a payment
  • Don’t exceed 30% of your credit limit
  • Don’t sign up for more than one card at once
  • Limit hard inquires, like auto-loans and new credit cards
  • Monitor frequently with free credit-tracking software

2. Find Balance Transfer Offers

Start by opening a free account on credit.com. Credit.com offers you the chance to open a free account and see what type of balance transfer offers you can receive. Some of your existing credit cards might already have 0% or lower APR balance transfer offers available.

Contact each of your credit card providers to ask about lowering your rate for a one-time balance transfer offer[2].

If you do take advantage of this option, make sure that you use a balance transfer and not a cash advance. Cash advances have a ton of high interest fees (15-25%, depending on your credit card) and will only compound your debt problem.

How to Get Rid of Debt Forever

Setting up a plan, removing temptations, and getting the lowest interest rates is the first step to get out of debt.

1. Keep Monitoring and Adjusting

Once you have a plan, don’t get comfortable. Track your debt payoff plan and make the necessary adjustments when needed.

Monitor your credit scores with a free site like CreditKarma. The higher your credit score climbs, the more likely you will be to secure a new, lower-interest loan.

2. Earn More Money

There are only so many ways to save money. Instead of clipping another coupon or making sacrifices for your morning coffee, find ways to earn more money!

Think about it…it is much easier to find ways to earn an extra $1,000 per month than find $1,000 to cut from your budget.

Here are some examples of ways to earn more money:

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Talk to Your Boss

Have a conversation with your boss about current salary and/or commission rates. If you’re not satisfied or want a change, don’t be afraid to look around at other positions. Some of them might even have a student loan debt reimbursement plan!

Start a Side Hustle

This could be coaching students on the weekends, driving for Uber, or taking paid online surveys. There are tons of ways to make money outside your 9-5. Now that you have a clear plan to pay off your debts, you’ll be more motivated than ever to figure out creative new ways to earn money.

Build an Online Business

There are so many websites and blogs that earn money from ads, affiliates, and other online products. Find your niche and get started.

3. Celebrate Your Wins

As you progress in your debt payoff journey, don’t forget to celebrate your wins. You need to always reward yourself for the hard work and discipline that is required to get out of debt.

While you shouldn’t celebrate so big that it increases debt, make sure to factor in little rewards to keep you motivated.

4. Set New Financial Goals

Eventually, with a plan and these steps, you can rid yourself of your debt. Once you do, make sure to celebrate your monumental achievement, but don’t stop there.

Now, you can focus on acquiring wealth and increasing your net worth. Set new financial goals so you have a new target to aim toward. Here’s how to set financial goals and actually meet them.

These could be anything now that you are debt free! Think about where you want to travel, buying your first home, or saving for your future retirement. Just like before, make sure that your goals are specific, measurable, and achievable.

Conclusion

Congrats, you can now set a plan in motion to finally pay off your debt quickly (and hopefully forever)!

Remember, if you want to get out of debt quickly, it’s not always easy. Just like any big goal, there will be sacrifices, challenges, and problems to overcome.

More Tips on Getting out of Debt

Featured photo credit: Pepi Stojanovski via unsplash.com

Reference

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