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10 Creative And Effective Ways To Make Money From Home, Doing What You Love

10 Creative And Effective Ways To Make Money From Home, Doing What You Love

Long commutes, that annoying coworker you love to hate sitting on the other side of your cubicle, staff meetings that drag on forever debating the merits of various brands of toilet paper—ah, the joys of an office job.  If only there was some way you could make money without having to go into the office, otherwise known as that place that has become the bane of your existence.

Luckily for you, it just so happens that you can make money without being at an office.  Thanks to advances in modern technology, there are all kinds of ways you can make money working from the comfort of your own home. Some great home based career ideas include.

1. Freelance Writer

If you’re passionate about writing and confident in your ability to produce excellent work, you should consider becoming a freelance writer.  Check out websites such as FreelanceSwitch, Odesk, Upwork, and ArticleTeller to see some great opportunities that have come available.  If you’re really ambitious, you could even start a blog and generate an income from the space you sell for advertisements.

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2. Personal Trainer

Are you a fitness buff who loves working out?  If so, you should consider becoming a personal trainer.  Now that we have tools like Skype and FaceTime on the scene, you can easily communicate face to face with clients even if you’re hundreds of miles apart, helping them set fitness goals, prescribing workout routines for them, and providing feedback on their progress.  If you’re not already certified, you’ll want to obtain certification as a trainer first, and then once you’ve done so, you should promote yourself and the services you offer on various channels of social media (Facebook, Twitter, LinkedIn, etc.).

3. Artist

Don’t buy into the stereotype that says a career in the arts means becoming a starving artist.  You can actually generate a pretty decent income selling your works of art from home, thanks to sites like Etsy that serve as an online marketplace for producers and consumers of art.  Cafe’Press is another website on which you can sell your artwork.

4. Product Tester

If you’re really into gadgets and you enjoy scoping out the latest and greatest ones on the scene, you should consider getting paid to check out these gadgets by becoming a product tester.  People who are open to testing and marketing products are actually in high demand at a lot of companies.  Check out websites like SheSpeaks.com, Houseparty.com, and Crowdtap.com for opportunities that could allow you to try out products and make money from home.

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5. Host or Hostess

If you’re really social and you enjoy having people over to your place, you could always consider renting out your spare room to out-of-towners who need a place to stay during their vacations, college students, etc.  Check out airbnb to get started with running your own Bed and Breakfast.

6. Teacher/Tutor

working in the living room

    Love teaching, but love the idea of teaching Beowulf from at home in your pajamas even more?  Look into becoming an online teacher.  Various states have their own systems of virtual public schools, and while you may have to go through some classes and training before you get started, the flexibility you get with being able to teach from home is well worth it in the end.  If tutoring is more your thing, you can also check the website Tutor.com to find opportunities to provide assistance with math, science, music, etc.  Whatever field you excel in, chances are, somebody could use your help in that area.

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    7. Nanny

    It might sound like a silly career, but nannying is no joke: you can rake in serious cash taking care of kids while their parents are at work.  And while some parents will obviously prefer that you come to them, many will be fine with dropping their kids off at your place, allowing you to fulfill your goal of working from home.  It helps if you are certified in first aid and CPR and have some kind of background in working with kids, either from previous babysitting experience, working at a daycare, in a church nursery, etc.  Check out Care.com to find nannying opportunities near you.

    8. Tailor/Seamstress

    If you’ve got the magic touch with a thimble and thread, a work from home career as a tailor or seamstress could be in your future.  In addition to making alterations and repairs to pieces of clothing, you could make tote bags, bedding, drapes, even dresses and custom made clothes; the possibilities are endless!  Basically, if you have a knack for sewing, there’s a need for your skills.  Create a blog or website to get the word out about your services, and consider advertising with flyers and business cards at local fabric stores.

    9. Medical Transcriptionist

    If you’re interested in healthcare, you might be interested pursuing a career in medical transcription.  As a medical transcriptionist, you turn voice recordings of doctor/ patient interactions into a text-based format.  In order to get started, you will probably need to take classes in medical transcription (check to see what your local community college or technical schools offer).  You should also consider joining a professional organization as a way to network and land your first job in the field.

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    10. Virtual Assistant

    Are you super organized?  Do you love helping others?  If so, a job as a virtual assistant could be just right for you.  As a virtual assistant, you help out with paperwork, send emails, draft documents, and take care of needs that a company would generally assign to a secretary.  The beauty of being a VIRTUAL assistant, though, is that you can do secretarial work without ever having to set foot in an office.  Go to VirtualAssistants.com for suggestions on how to get started in this field.
    If you are seriously considering getting a job working from home, the good news is the opportunities abound.  With the above ideas as a guide and a little self-promotion on your part, you could be well on your way to making great money from the comfort of your own home, in your pajamas and fuzzy slippers no less.

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    Courtney Gordner

    Courtney is a passionate writer who shares about lifestyle tips on Lifehack.

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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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