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22 Creative Ways to Make Money (Simple and Effective)

22 Creative Ways to Make Money (Simple and Effective)

Money, you always wish you had a bit more — to buy that fancy dress or a new gadget, to save more for your vacation or a cool dinner date, to pay off your debt faster or just feel more laid back about your whole personal finance situation.

The follow list features some simple, yet effective and creative ways to make money on the side. You can earn a few extra hundreds each month without spending neither much time nor efforts!

1. Recycle your old phone(s)

Bet you got a few ancient Nokia’s or old phones hidden somewhere around the house. You’d be surprised to know that you can actually get some cash if you decide to sell them.

A lot of companies offer compensation for recycling old phones which are shipped somewhere to Asia and getting dismantled there. You can check the list of companies and possible earnings here. Ask your family and friends if they’d like to give away their old phones too for a bigger bucks.

2. Invite people for dinner

If you have relatively impressive cooking skills and some room to host guests, sign up for Eat With – a cool new service connecting travelers with hosts around the world, who invite them to a small dinner party for a fixed fee. As a host, you can set a rate per guest, choose the time and dates when you are available to throw a feast and indicate the max amount of people you are ready to invite (usually less than 6).

To become a host, fill in an application form where you tell about yourself, your cooking talents and your place. Currently, the service is available in Las Vegas, Los Angeles, New York, San Francisco and some major cities in Europe, Middle East and South America. The money you can earn for a small party are more than decent.

3. Become a part-time mover

This option is more suitable for guys, but girls are often accepted too to move around fragile stuff and do some minor cleaning. Moving jobs are typically per request and you can always choose a suitable time for you to do them.

A lot of moving companies allow you to create an account with them for a fee, list your services, rates, working hours etc. and get hired for temporary jobs. Check out this list of moving jobs to get a better idea of how things work and how much you can actually earn for lifting someone’s sofa.

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4. Review music for cash

All music lovers will love this job – all you need to do is listen to and review unsigned bands and artists online at Slicethepie. It may take a while to build up your reputation, but you can earn extra $50+ per month for spending 5-10 min a day listening to some aspiring music talents (or not so talents).

5. Get cash rebates for scanning your receipts

You do buy groceries, cosmetics and other staff monthly, do you? Why don’t you earn some extra bucks for that? Download a free Ibotta app, browse around and see what rebates there are offering if you scan and upload your receipts for a certain product they request.

For instance, they offer 50 cents if you upload a picture of a receipt where you bought milk and offer $10 for a picture of a Best Buy receipt. Of course, it makes no sense going out and purposefully buying products with the highest rebate, yet it won’t take much of your time taking and uploading pictures of things you typically buy and stash some extra cash by the end of the month.

6. Sell your wardrobe

This is a perfect option for women. How many dresses do you have that you wore like 3 times and now they’re hidden somewhere deep in your closet? Clothes you no longer wear shouldn’t pile up around the house when they can be turned into cash asserts.

You can either organize a yard sale yourself (which is kind of a hassle), or better sell the items through ThredUp, which will pay somewhere around $2-$25 for staff from Gap, Banana Republic, H&M, etc. You can browse around to see how much different items are worth. The best thing about ThredUp is that all you need to do is pack your clothes in a box and then just ship it to them (shipping costs are covered by the company).

7. Test websites for money

A lot of big companies look for feedback on the usability of their websites and you can get paid doing that. Expect to earn somewhere from 10 cents for an assignment taking less than a minute, to $10-$15 when it comes to larger questionnaires requesting more of your time.

Here’s a big list of sites where you can create an account and start earning cash. All the payments are typically made via PayPal either at the end of the month or when you have earned a certain sum.

8. Get paid for being someone’s friend

Rent a Friend is an absolutely legit US service where people offer their friendship (and nothing more!) starting from $10 and up to $50 per hour. As Scott Rosenbaum, the creator of the service says: “Just to hang out with, go to a movie or restaurant with or find someone to show you around an unfamiliar town”.

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As current users say you can get invited to be someone’s +1 on a VIP event, wine tasting tour, concert or some other cool activity that will cost you nothing to attend!

If you are easygoing and communicative, this might be the best job for you. Some users claim to do it full-time and earn over $50,000 per year! To become a friend, you’ll need to fill in an application form describing your personality and send it to the community manager.

9. Earn by tweeting

If you have a relatively large following on Twitter, you can get paid somewhere from $0.5 to $20 for tweeting sponsored tweets and content to your audience. The rate depends on the amount of followers you have and some other factors e.g. the age of your account.

You can earn with SponsoredTweetsPaidPerTweet and some other services alike.

10. Try match betting

It’s an absolutely legit, risk free and tax free technique. The system works by taking advantage of free bets vastly offered by online betting sites through ‘matching’ them at a betting exchange. Matched betting eliminates the risk as you are betting both for and against a certain result at the same time!

Here’s a comprehensive guide to help you get started with this. Don’t forget you have to be over 21 (18) to bet!

11. Get paid $35/hour to drive people around

Yes, that’s exactly how much you can make with Lyft and Uber. Users can just login from their phone and request a drive in all major cities in US. It’s faster and at least twice cheaper than calling the typical cab.

You, as a driver, will get a notification and can take a lift request. You set your own working hours and earn money. Obviously, you’ll need your own car to earn with them and some initial money to pay for the gas.

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12. Do odd jobs at Fiverr

At Fiverr, you can offer any kind of service starting from $5. Register an account, browse around the gigs and offer something similar. Seriously, at this online marketplace you can sell and buy all sort of things from voiceovers to logo design to things like “I’ll pretend to be your girlfriend on Facebook for 2 days”.

Write an attractive gig description clearly outlining what you’ll do for 5 bucks e.g. translate 200 words from French to English; add extras e.g. translated 300 words more for $5; deliver the order in just one day etc; add a payment method – Paypal or Payoneer and start promoting your gig and earning money.

13. Sell your notes

If you are good at writing notes and attended all lectures, you can sell your asserts to less committed students via NoteSale. You can create a listing for free, but the site will take a per cent from each of your sales. Typed notes in PDF/Text format sell best, yet it’s worth trying with scanned handwritten notes too if you have nice clear writing.

14. Sell old books the smart way

Instead of just taking them to the thrift shop and receiving peanuts, try using BooksCounter app. Scan the book barcode, upload it to the app’s system and see which of 20+ different buyback companies offers the highest payout. Once you found the right company, all you have to do is fill in some basic information of how you’d like to get paid, download a free shipping label and pack up all the books to dispatch.

15. Do data entry jobs

This may include mere copy-pasting, minor text editing, data categorisation, translations and staff alike. You can work a few hours a day and earn some hundred bucks by the end of the month. Obviously, the total payout depends on how fast/good you are. Sign up to ClickWorker if you can tolerate handling some routine tasks in exchange for cash injections.

16. Become a mystery shopper

Go undercover to local stores, look around, take notes and sneaky pictures of stuff doing nothing, fill in the questionnaire afterwards and get your cash. You can get mystery shopping assignments via Mobee app (typically the payments are not that big, yet the tasks you need to do are simple too) or get an account with Marketforce – a more established website where you’ll need to carefully fill in an application form and pass a review process. The potential earning are much bigger.

17. Sell out your old CDs, movies and games

Again, you might be surprised to know that some companies pay cash for your old compact discs. Music Magpie will pay you somewhere between a few cents to over ten bucks for all your old staff. It’s a nice way to finally de-clutter your home too!

18. Distribute leaflets

It sounds like a bit of a lame job, but some companies can offer you good money for giving away promotional staff or doing door drops. For say working 4-5 hours on the weekends, you can expect to earn somewhere between $40-$60 per 1.000 distributed leaflets.

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19. Teach classes online

If you are particularly good at somethings, say map design, capable of creating a series of video lessons, you can become a tutor at SkillShare. You’ll be in good company with folks like Seth Godin and James Franco among others. SkillShare tutorials and 30 days teaching challenge will help you create a winning video tutorial. Your earnings will depend on the popularity of your course, but even low attendance will let you earn some decent money.

You don’t need to have prior teaching experience, just skills and passion about what you do.

20. Become a language tutor online

Did you know that English language practice is in high demand in Asia? Sites like Italki.com allows teachers to list their rates and services, schedule classes and provide you with tools to conduct them in real time. You can expect to make $15-20 per hour.

If English isn’t your first language, no worries, italiki also invites French, Italian, Chinese, Spanish, Russian and more native speakers to join. You’ll have to fill in a detailed application form, get it approved and afterwards create a professional looking profile, suitable schedule for you and different courses you offer. The service will handle the rest – scheduling, marketing payments and so on.

21. Sell handmade and vintage items on Etsy

Found some retro clothes in your grandma’s chest or made a few cool brooches your friends admire? Become an Etsy seller to earn money for your crafts.

Opening your shop, listing products and prices takes less than 30 minutes. It costs $0.20 to list one item in your shop for 4 month (or till it sales) and Etsy takes 3.5% commission from each sale you make. Mind that fact when setting up the prices. Shipping costs are either to be covered by you or by the buyer (you can set the rates depending on the buyer’s’ location e.g. free shipping around US; $10.99 shipping to Europe).

22. Become a field agent

Sign up for an account with Field Agent and get paid to do small tasks around town for different clients. Those usually involve scanning barcodes with your Phone, checking prices at your local drug store and conducting field surveys. Your earnings vary from assignment to assignment and depend on the area you are based in.

For example, one listing offers $9 for 4 pictures of any products in the toothbrush section of the local Target in Mission Viejo, CA; while taking one picture of $19.99 & under video game display taken in any Toys”R”Us in NYC will earn you $5.50.

This list of effective and creative ways to make money will help you get some extra money fast. Pick one or a few to start getting those extra bucks now!

Featured photo credit: pixabay via pixabay.com

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Published on June 12, 2018

How Much Money Do I Need to Retire? Find Your Answer Here

How Much Money Do I Need to Retire? Find Your Answer Here

It is never too early nor is it ever too late to start planning for retirement. It ultimately depends on your way of life, where are you living, and whether you need to let go of anything. A successful retirement strategy is to have enough pay to cover your expenses with a little cash going into a savings account for sudden financial needs.

With regards to retirement, we all have an alternate vision in mind. In fact, some think about traveling throughout the world, while some think of a peaceful life with their grandchildren. Whether we get ready for it or not, we will one day turn to retirement age and so, we should be prepared for it. I’m going to tell you how in this article.

Benefits of early ventures for retirement

The way this works is you figure out where you need to live, the amount it will cost you to live there (rent/food/transportation), and the various expenses you will need to account for, like travel/insurance/medical bills and taxes. Many people are struggling to put aside money for their future savings and some haven’t started yet. Think you can put off thinking about retirement? The reality is that you need to start thinking about it right now, and putting aside some money from today.

There are a lot of benefits of taking early steps towards retirement. Utilize the power of compounding, low investment for targeted corpus and you can create more corpus investing the same money:

  • If someone saves $100 every month and starts investing for 30 years at 10% return, initially you will see that within 5-10 years, your investments will not multiply. However, after that period, the corpus will increase immensely with the impact of compounding. The investment period expands the extent of profits increments in the corpus.
  • Suppose there are two people, one aged 30, and the other 40. Both need to resign at 60 with the same retirement objectives of $300,000 USD each. Both will put resources into an investment with 10% of the return. Thus, to accomplish their retirement objective, the younger one needs to save $100 USD / month and the older one needs to collect $300 USD / month. Since the older one has started investing ten years later than the younger one, he will pay more than double what the younger one will pay.
  • If someone saves $100 USD every month and starts investing at 30 years old till 60 and gets 10% annual return, his corpus becomes around $170,000. Otherwise, if he starts the same amount spending at 40 years of age with the same 10% return, he will have around $57,000 USD. He can profit by just investing ten years early.

You can’t invest too much money in retirement during the early stage of your career since you may have different objectives. However, you can increase the investment gradually if you start investing just a small amount.

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Average retirement age

For many people who are nearing retirement age or recently resigned, one of their most significant financial regrets is that they did not focus on saving for their golden years. As per the Consumer Reports study, it demonstrates that only 28% of investors with the age of 55 years or older are pleased with the way they have saved for retirement.

As per the report, The Economic Policy Institute breaks down how much Americans have put away.[1] Since you know that when the majority of people retire, you can subtract your age from that more significant number and check down what number of more years you need to work.

But many retirees go back to work. Some of them do part time job while others do seek for a second career. Some even come back to full-time work and then retire again in a couple of years. So deciding their retirement age could be tricky.

Average retirement savings

To get retirement started, saving is pretty easy, though it can seem complicated. These simple five steps will make you go on retirement now. So, you don’t need to stress over having the same regrets as today’s retirees.

1. Invest 15% for your retirement

Your initial step is to save 15% of your income. This will depend on your gross income and does not include any coordinating assets you get through your employer’s retirement plan.

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It’s sufficient to enable you to achieve your retirement investment funds objectives, but not too much to keep you from enjoying your income today.

2. Utilize tax-advantaged retirement plan

Yes, we utilized the T-word; however, don’t daydream! Split your 15% retirement contributing budget between charge conceded retirement plans like your 401(k) or after-tax plans like a Roth IRA.

3. Invest your money around

To put it all in one place is the most significant risk that you can take with your retirement money. With mutual funds, however, you can invest in the biggest and most recognizable brands as well as that new organizations you’ve never known about but has a lot of growth potential.

Opt a growth-stock mutual fund with background marked by solid returns for both your 401(k) and Roth IRA speculations.

4. Stay with it

Since mutual fund investing is less risky than investing in single stocks, it is not risk-free. You can see your savings grow in the long term as long as you can leave your money where it is and keep adding to it.

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5. Work with an investing professional

It is essential to look for an investment professional, as you must have a lot of queries concerning your retirement plan during 30 or more years of investing,

Never make due with an investment professional who recommends or patronizes you to turn over all your investment choices to them. Since this is your retirement, nobody will think or care about it more than you do!

You might analyze or compare your savings against the average retirement savings for your age group to check whether you’re falling behind or getting towards of the curve. On the other hand, it might be conceivable to hang up the work boots and hit the shoreline with fewer savings if you live easily or below your means.

How to achieve your financial goals?

An ideal approach to achieve your financial goals is to stay focused on what you need for your future, ignore everything (and everyone) else that may divert you. There’s a significant business culture out there that requires you to stay in debt, live for the occasion and stress over your future later on.

You need to start planning for your future from now, not when you have more time or money to invest. You can even talk to a financial advisor for any help. Cooperate to set your money goals and make an action plan to reach them. You can retire younger than you thought you could if you create a project and follow up on it.

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Start planning for your retirement

A lot has changed in the last 30 years; our previous generation had an career goal and they would join either a large private company or a government organization immediately after school or college. Then they would spend the next 38 years in the same organization and the form of provident fund and gratuity. They would retire with a decent corpus and they would later spend the remaining time with their pension benefits. It’s a bit different now, but with the above information, you’ll be well prepared.

Whether you can afford to retire now or not, you need not bother with a retirement calculator to get a rough estimate. You should have the capacity to closely approximate your daily spending habits to figure out how much money goes out the door every year.

Featured photo credit: Pexels via pexels.com

Reference

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