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3 Ways to Earn an Extra $500 on the Side

3 Ways to Earn an Extra $500 on the Side

When I graduated from college in 2009 with a BA in French, I spent six weeks looking for a job.

Any job.

I needed to save money for my impending move to Paris, where I would spend a year working as a teaching assistant in an elementary school, frolicking in the City of Lights, and I needed to save money quick—$3,000 in the span of a couple months—in order to afford all of those baguettes and bottles of vin.

I don’t know if you recall, but the summer of 2009 wasn’t exactly the best time to find a job/graduate from college because of the…ahem…recession that had just hit the U.S.. Merci, economy! When June arrived and I still hadn’t found work, I started to panic. In my desperation, I posted an ad on Craigslist entitled “French Tutor: $15/hr”.

Two days later, I got an email and scheduled my first student: a Russian-American eighth grader with a deep love for David Bowie.

That, my dear reader, is how I got my first taste of how to earn money on the side. No, it wasn’t a ton of money (I eventually found a full-time job to save the money I needed for France), but I realized an important lesson: it’s just not that hard to get people to pay you to do things.

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In the four years since I graduated, I’ve become more and more obsessed with the idea that I can earn money without getting a real job. In fact, while living in Paris, I continued to grow my tutoring business and offered up my services as a nanny. I made bank. I even moved back to France in 2011 and spent eight months living off of my side hustle, earning money “under the table” or “in the black”, as the French say, by tutoring ESL, babysitting, and even continuing to tutor American students via Skype.

Now, I even teach new entrepreneurs how to land their first three clients and start earning money on the side. (My “side hustle” has become my main income).

How did I do it? More importantly: How can you start earning extra money (at least $500) on the side, too?

Lemon squeezy.

You just need to try a few of the following things (as many as you can, really). It’s fun. Just think of it like a game!

#1 – Teach someone something

You, my friend, are talented. You have knowledge and wisdom that others just don’t have. You have knowledge that they need. Stop hogging it all!

Maybe you have an academic skill, like tutoring French or Math or Biology. Maybe you’re an amateur auto mechanic. Maybe you have a knack for cooking tapas or sneaky vegan recipes that even meat lovers will love. Contact the local high school, library, etc to see if they’d refer you.

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Whatever it is, there’s someone out there who is willing to pay you to teach them how to do what you do best. You have to get over the unwillingness to earn money for doing what comes easy to you, because, well… it doesn’t come easy to them. (I, for example, would love to hire someone to teach me how to sew or do my taxes).

Make a list of 50 things that you know how to do. You don’t have to be an expert. You just have to know how to do it better than the person who hires you. (I am not the best French speaker in the world, but I know way more than my students and have diverse teaching experience, and they get an incredible value from my lessons).

Charge what you’re worth. Don’t do what I did and charge a measly $15. (My lessons are now triple that cost). If you do this right, this is the best and easiest way to make money on the side.

#2—Sell something (not your body, duh)

Don’t even try to tell me that you don’t own anything that you can sell. I’m a minimalist, for crying out loud, and I still have things lying around that I can sell.

Do you have:

  • Nice clothes that you rarely wear?
  • Shoes?
  • Furniture?
  • An instrument?
  • An old computer, phone, or other electronics?
  • A designer purse?
  • Books?

Walk around your house with a pen and paper. Make a list of items that you see that you might be able to sell. (Note: the best places to sell things are eBay, Craigslist, and at garage sales).

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I sold my piccolo from high school for $300. A few friends told me I was crazy—that I should keep the piccolo just in case. Just in case what?! The damn thing had been rotting on a shelf in my basement for eight years. Now that I’ve sold it, it’s actually going to get the love and attention that it deserves… and I made 300 bucks.

#3—Get a J-O-B.

Last spring, after my house was hit by a tornado (yeah, that happened). It was cra-zy. In the midst of the madness, I craved normality. I decided to get a part-time job at the local coffee shop (I’m actually writing this post from that coffee shop right now, sippin’ on my chai tea).

Getting a part-time job is great because (a) it’s easy (b) you get to meet new people (c) you spend your time doing something that’s earning you more money rather than spending it.

Most people complain that they don’t have enough time to get a part-time job, even for just a few hours on a Saturday morning. Or—they think that having a part-time job would suck just as much as it did in high school.

I don’t agree with either of these claims. I’m sure that you could wake up a couple of hours earlier on a Saturday or trade some of that time that you spend surfing Facebook to get out into the world. You need to think about the benefits the job gives you: more money, more freedom (eventually), and a more interesting life!

So, what’s it gonna be?

You can absolutely earn $500 a month this way, but you have to make a decision. The mailman is not going to drop the money off at your door, though. You must get up and take action to get started.

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In the comments, please do share… (I read + respond to all comments).

(1)   Do you have any other ideas for ways to earn money on the side?

(2)   What are you going to do this week to start earning some extra cash?

If you’d like some more ideas of ways to earn extra money, check out these articles:

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Last Updated on March 29, 2021

Life Insurance: A Secure Way To Protect Your Future.

Life Insurance: A Secure Way To Protect Your Future.

Life is a journey full of ups and downs. No one can actually predict what might happen the next moment; there are times where the happiest moments do not even take a second to turn into the gravest. Planning for your future can help you face such unwelcomed but irrepressible situations with much ease. We all want to make every memorable event of our life more special and to cherish all those moments happily and worry less, you must financially plan your future. But no one has control over life and death. Who would wish to see his family suffer in his absence? Insurance hands over the financial jeopardy of life’s happenings to an insurance company.

Importance of getting a life insurance

No one has control over life and death. Nobody would like to see their family suffering in an absence, and that’s why many people recommend life insurance. A life insurance plan is one of the best ways to secure the future of your family, even against those financial troubles after an untimely demise. These plans are safe and credible, and you could trust them for your family’s better future.

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On the other hand, a life insurance policy is a contract between a company (insurance provider) and policyholder in which the insurance provider ensures to pay a certain amount of money to the nominated beneficiary in case of the policyholder’s death during the term of the agreement. There are different types of insurance plans, and it is important for you to know the benefits of those plans such as a funeral, medical or some life expenses provided they are mentioned in the agreement.

Choosing the right insurance plan

If you’re about to select an insurance plan, you should consider some important factors:

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  • The time at which you start investing in a program and the number of family members you want to get insured. Obviously, a married man with two children has different needs compared to a single one. The number of persons who are dependent on an individual also varies from person to person.
  • The next thing you need to consider is you and your family needs. What are your child’s dream, your retirement plans, for how long would your dependents need financial support, any personal injury, etc. And do not forget those events or situations that will surely demand a huge sum of money.
  • The next thing one must consider is your current income. You should preferably choose a plan which you can afford.

Now you must be having a pretty clear idea of how to choose the best plan for you. Further, you should also compare various plans offered by different companies and numerous sites available online that help will you to compare them.

Differences between life insurance plans

Here’s a short brief of some plan categories you can choose according to your needs:

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  • Term Insurance Plan – You have to pay once, and your nominee gets the paid money under your misfortune demise. It ensures a person for a fixed time. If you survive the policy period, you do not get your premiums back.
  • Whole Life Policy – This plan continues for your lifetime. Under this, the policyholder has to pay regular premiums, until their death.
  • Endowment Policy –  In case the individual dies during the tenure, the beneficiary gets the amount assured. If the person survives the policy tenure, they gets back the premiums paid with other investment returns along with several other benefits.
  • Money Back Policy – In this a portion of the money invested is returned to the investor at regular intervals. If you survive the insurance term you get the entire amount back; else the beneficiary receives the entire sum assured.
  • ULIPs – These are the life insurance plans that offer you future security plus wealth creation options.

Many people do not opt for whole life policy and endowment policy because of the high amount of money you need to pay, while others may prefer to opt for these if they have a high life expectancy. Surely you will find the best one for you.

So what are you waiting for? Plan for your future and live a happier and carefree life today.

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Featured photo credit: aryehsampson.com via aryehsampson.com

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