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20 Creative Ways to Earn Money

20 Creative Ways to Earn Money

Perhaps your regular job is not earning you enough money, or you have just lost your job. If you are looking for new and creative ways of making money, then look no further!

1. Take online surveys.

People these days make as much as 500 dollars a month filling online surveys. Some online survey sites areToluna, VivaticMySurvey, YouGovSurveyBodsValued Opinions, The Opinion PaneliPollGlobal Test Market, HivingPanelBaseHarris PollOpinion Outpost, YourwordPineconeIPSOSNew Vista. You can make as much as 5 dollars filling out some surveys.

2. Sell your knowledge in book-form.

If you have some knowledge on a particular topic and you love to write, you could write a book. You can publish to the Amazon Kindle store and keep 70% of your earnings.

3. Join a direct-selling company.

Some people earn as much as a six-figure salary selling products of brands they love. However, some brands require resellers to pay money up front to get started with these programs.

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4. Sell your photos.

The photos you take can be sold to photo agencies like IStock or Shutterstock. Each time someone downloads your photos you get 25 cents.

5. Start your website/blog.

You could earn a six-figure salary annually from your blog or website. Through affiliate marketing, Google adsense and subscribers, you could rake in some cash.

6. Become a freelancer.

You could make money by selling your unique set of skills as services. You could try doing web design, content writing, and programming for many clients. Many people who do this earn between $40k to $100k a year.

7. Be a secret shopper.

Being a secret shopper means visiting shops to provide feedback to agencies on how their products are doing. The smartphone app Streetspotr could be helpful in the direction of getting mystery shopping job.

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8. Sell your junk.

By selling junk on popular site like eBay could earn you as much as $2,000–$3,000 a month. You can sell what you no longer use, or you could buy other used items and sell those.

9. Do small tasks for businesses.

Small businesses need translators and transcribers, while others need people to write product reviews. You can earn a pretty decent amount from doing this.

10. Rent out your room.

You could take in a boarder to rent out an extra room. This could put more cash in your pocket if someone moves into your room or even onto your couch

11. Start a small or part-time business.

You could have an expertise or hobby which you could turn into a small part time business. Part time jobs like teaching guitar lessons and picking up trash for neighbors have been become profitable for their creators.

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12. Be a coin collector.

You could buy coins from banks in large stock and find the ones that are worth something. Perhaps you’ll find a silver coin or gold coin, or a rare item. According to a CNN article, “presidential dollar errors can be worth $50 to $5,000 each; uncirculated state quarters can sell from $10 to $50 per roll; and rare error coins can value up to $35,000″.

13. Be a music reviewer.

If you are a music lover, you can make money reviewing artists online for cash with Slicethepie. Some users of the site claim to earn as much 60 dollars a month on the site.

14. Buy and sell domain names.

A domain name is a website address. You can buy a domain name for as cheap as $3, but you can resell such an address as a premium domain to someone who needs it for as much as $2,000.

15. Walk dogs.

If you love walking and exercising, you could rake in cash by walking dogs for people who are busy or at work. All you need to do is reach out to dog owners and market yourself.

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16. Be a ghost writer.

The publishing business is experiencing a big boom with online publishing. You could advertise your skill to persons who will be interested in allowing you to ghostwrite their work.

17. Sell your services on Fiver/Craiglist.

You could make money selling small services on Fiverr and craigslist. The default price on Fiverr is $5, but you can quickly make this amount add up depending on how many gigs you take on.

18. Sell old water at busy and hot vacation spots.

Busy vacation spots could be ideal for selling cold water or lemonade. The demand is high and also the profit margins in certain locations like Las Vegas.

19. Become a tutor.

You could become a tutor to high school or A-level students and local GCSE students. You could also do this online and earn as much as 10 dollars per hour.

20. Sell old CDs, games and movies.

You could sell old CDs, games, and movies for free on Amazon Trade-In or MusicMagpie. You can earn anything from 20 cents to 30 dollars per item.

Featured photo credit: http://www.pixabay.com via pixabay.com

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Casey Imafidon

Specialized in motivation and personal growth, providing advice to make readers fulfilled and spurred on to achieve all that they desire in life.

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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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