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25 Things to Sell to Make a Lot of Money

25 Things to Sell to Make a Lot of Money

Making money can often seem more difficult than ever before. Many people rely on pawn shops and Craigslist ads to get a little extra money when things get tight.

The good news is, you don’t have to hock your computer or your great-grandmother’s prize china to make ends meet. Why not put your computer to work for you?

Here are 25 things you can sell to make money right from the comfort of your own home:

1. Old stuff

If you don’t use it, why shouldn’t you make a little money on it? Selling old household items and clothing you’re not using anyway is a great way to clear out your storage areas and make some cash at the same time!

2. Handmade goods

If you are handy with arts and crafts, you can sell these through sites like EtsyArtfireHandmade at Amazon and Cargoh. It may not make you rich, but it can make a great sideline income.

3. Opinions

Everyone has an opinion on something. Why shouldn’t you get paid for yours? There are websites and companies that are willing to pay for your input and ideas on making their products and services better! For example, you can writer reviews on places you go on Yelp!

4. Car advertising space

If you’ve ever seen a vehicle wrapped in an ad for a company, the logical conclusion is that the person driving it works for the company. This is not necessarily the case, however.

Companies will pay from $400 to $900 a month or more for you to turn your car into a mobile billboard for their product or service, which is the same as covering your rent and possibly a load or two of groceries for most places! Wrapify is one of those companies.

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5. Spare room in your house

Renting out a room in your house may not seem like a great idea. But if you can find a solid and reliable tenant, renting a room is a great way to make extra money while helping someone else get on their feet.

Depending on the rental market in your area, you can rent a room for anywhere from $150 to $1,000 a month or more. Check out Spareroom and you can rent your room within days.

6. “Flipping” items

Sometimes you have to spend money to make money. Buying items from eBay, Etsy or even Craigslist, rehabbing them, and turning them around for sale can net you big profits. A good rule of thumb here is to never spend more than 75% of the item’s list price and never accept less than 25% more than you bought it for.

7. Old books

If you have a bunch of old books you don’t read anymore, someone else might want them! Used bookstores will often pay you store credit at 50% of what the books can sell for, or 25% of their value in cash. This is another great way to clean house and clean up at the same time!

Try your nearby local bookstores or sell books on Decluttr or Amazon.

8. Gold jewelry

With gold at record high prices per troy ounce, it’s a great time to weed through your jewelry drawer or box and get rid of some of that hideous jewelry you inherited or were given by well-meaning but clueless friends or relatives.

Gold’s value fluctuates, but you can expect to make around $600 an ounce or more, meaning you could be sitting on a treasure trove of spare cash!

9. Recyclable materials

Bottles, cans, bags, newspapers… the list of things that can be recycled just keeps getting bigger. Check out your local recycling center’s website and start a collection bin for the things they take. Recycling is not just good for the environment, but it’s great for your wallet!

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10. Photos

How would you like to turn your amateur shutterbug hobby into a money-making profession? Sites like 123RF.com and Shutterstock are always looking for new photos to license. The best part of doing this is, posting your pictures can turn into a perennial revenue stream that pays you over and over for those pictures you thought no one would ever want!

11. Plasma

Blood banks always need plasma and blood products to help treat sick and critically injured people. Depending on your blood type, you could turn your blood products into a helpful source of extra income.

12. Sperm

Not everybody is comfortable with the idea of selling their DNA. However, for couples who have a hard time conceiving by traditional methods, this can help them know the joy of parenthood and help you out by giving you some bucks. Win-win situation!

If you are fit and healthy, you can become a sperm donor here.

13. Egg cells

Egg cells are by far the most sought-after and costly form of conception assistance. A woman selling her eggs could realize upward of US$10,000 on one batch, making this a very lucrative way to help yourself while helping others create a new life!

If you are healthy, you can become an egg donor here.

14. Ideas

Your ideas may actually be worth money. Writers, journalists, and people in all manner of professions are always looking for new and innovative ideas. Many of them are willing to pay good money for your thoughts and ideas. Example of this are Innocentive.com and Leonardo League.

15. Video gaming skills

Believe it or not, people can actually get paid to help online video game players navigate puzzles, defeat bosses and solve troubleshooting issues. Being a video game consultant is a good way for gamers to make money while helping newbies get through that infuriating level you had so much trouble with. It could pay you up to $50,000 a year!

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16. Shopping sense

Companies like to know what the customer experience is like on their sites and in their stores. Why not become a mystery shopper?

Mystery shoppers can make a full-time income by working only three to four hours a day, making this a great solution for stay-at-home moms and people who want to pull in extra money without committing to a full-time schedule.

You can get mystery shopping opportunities via Mobee app or Marketforce.

17. Services

Do you like kids, pets, or seniors? Why not sell your time taking care of and keeping other people’s loved ones company? This is a good way to get in some socialization and pick up some spending money.

You can check out petsitting opportunities at Petsitters or childcare opportunities at Sitter.com.

18. Freelance work

If you are handy with a turn of phrase, you can turn this into income by selling your work to e-publishers, article-writing sites and even self-publishing. It’s a good way to meet new people, make new connections and generate income! Find out more about this at Freelance Writing Jobs.

19. Consultations

Doing consulting work can be fun and rewarding, and it pays well if you are really good at what you do. Tutoring, helping build a better website or even giving interviews and information for books and articles can all help you make extra money while doing things you’re truly passionate about. There are some companies that look for consultants: FlexJobs and Upwork.

20. Blog advertising space

If you have a blog, you could be making money at it. High-traffic blogs with interesting or controversial material can be leveraged to create an additional revenue stream for minimal work on your part. Selling blog advertising can help you draw more traffic to your own site and pull in extra money just for the time it takes to post a sponsored ad!

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21. Editing services

Maybe you are not a writer but you know good writing when you see it and know how to make it better. If you’ve ever said, “If this writer had just used this word,” you have the potential to be a freelance editor.

Freelance authors are always looking for editorial input at reasonable prices. Expect to break even or maybe lose a little money short term if you do this. But as your reputation and that of your clients grows, you can bet you’ll start making great money for doing something you do for free anyway! Fiverr offers many of such opportunity.

22. Articles

People with a flair for words and a unique way of getting their point across are worth a lot of money to blog owners, and they’re willing to share. Textbroker.com is one of those great places to make money off your ability to communicate!

23. Art

If you like playing with computer graphics and images, and you enjoy imagining characters from books on the screen, you have everything you need to be a cover artist. A good freelance cover artist can make $75 or more per cover created, and many cover art sites even do discount specials on premade covers to help generate business. Fiverr also offers many of such opportunity.

24. Photo manipulation skills

If you are good with Photoshop or Gim, and like restoring or manipulating photos, you can turn your hobby into revenue. Photo retouching, eye color correction, and even image cropping for holiday and birthday cards are all possible ways you can make money on your photo-fixing chops. Check out Fiverr for anyone looking for photo editing skills.

25. Your business mind

Maybe you have a new take on an old business model, or want to try a new approach to an idea you’ve always wanted to work on. Why not start your own business? The out-of-pocket expenses could go as little as $15-20 a month or as high as your budget will permit. But remember you have to spend money to make money!

There are companies like IdeaBuyer that help to turn your idea into a real business.

Starting your own business can be a very satisfying way of making money on your terms and your schedule. The income potential is really limited only by what you are willing to invest in your success.

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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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