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10 Freelance Jobs Anyone Can Do To Easily Make Extra Money

10 Freelance Jobs Anyone Can Do To Easily Make Extra Money

Whether you have a great job you love that just doesn’t pay a lot, you need to find a new job or you need some extra money to tide you over during a tough time, freelance jobs can be a great way to make up the difference. Believe it or not, there are a lot of ways to make extra cash and very few of them require any special skills or training. Depending on your interests and what you have available to you, you can try a few different things or concentrate on one. Who knows? Maybe you’ll end up with a new career.

1. Social Media Guru

Believe it or not, your time on Facebook, Twitter and other social media websites can actually pay off. Offer your services to businesses as a social media expert — assuming you are one and understand the types of social media out there – you can write blog posts, Facebook posts, Tweets and other messages for companies that don’t have time to keep up with their social media platforms. Check out just what you need to be a social media guru here. A social media guru can charge per post or per month, often as much as $150 per brand per month.

dude perfect

    2. Yard Work

    Post a sign on the board at the grocery store, post in groups on Facebook and let everyone know that you can weed, mow, weed whack or whatever. Those who do yard work for a job often charge by the job, so call around and find out what others in your area are charging and adjust your prices accordingly.

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    mower

      3. Trash to Treasure

      Do you have a flair for turning something old into something new? Start refurbishing old furniture and other items. Add knobs to old dressers, paint them bright colors and resell them for a profit. You’d be amazed at how much you can make at a local flea market doing something like this. An old dresser you buy for $20 at a yard sale can turn into a $200 item.

      furniture

        4. Teach

        Can you play the piano? Knit? Take brilliant pictures? Offer classes. Talk with someone at your local library or community center and set up class times. Piano or other music lessons are frequently about $20 per half hour. If you’re not sure what to charge, look up similar classes in a nearby town.

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        piano and drawing

          5. Babysit

          Parents always need extra help in this department. If you have some time available in your day or night, you could offer babysitting services for local families. Make sure you are familiar with first aid and CPR first and then hang out your shingle. If you want to do something more permanent or long-term, check with your state about laws for child care. Babysitters make different amounts in different areas but can charge between $5 and $10 an hour depending on where you live and how many kids you are watching at once.

          babysit

            6. Petsitting/Walking

            Dogwalking is a great service to offer those who are away for a long time during the day. It’s also a great way to stay in shape. You can also add petsitting services and if you’re not squeamish, dog poop scooping services. Dog walkers frequently get about $20 per hour, depending on location. Petsitters often charge per visit – usually about $20 per day depending on what your duties will be.

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            pet sitting

              7. Head to the fair

              Summertime is fair and festival time. Do you have a craft you make that you would be willing to make a lot of? Do you bake or make fudge? Try your hand at making fudge and bring it to the fairs and festivals in your area. You could make hundreds of dollars — maybe more — over a weekend, depending on the festival. Make sure to investigate your state rules first regarding cottage food industries if you are making edibles.

              baking

                8. Tutoring

                Were you a math whiz in high school? Do you understand the intricacies of chemistry? Many students could use a helping hand in a lot of these subjects and you might be just the person to help them out. You could make $10 or so an hour and be a real boon to a student who is struggling.

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                tutoring

                  9. Videographer/Photographer

                  Have a flair with a camera? From weddings to parties to receptions of all sorts, many organizations need someone to photo or video their events. Become familiar with your equipment and offer to do the first one or two jobs for the cost of gas and you will have a portfolio upon which you can build.

                  photographer

                    10. Running errands

                    Moms, seniors, folks that work out of town often, frequently need someone to help them get those little things done. You could drive senior citizens to appointments or go shopping for or with them. You could pick up someone else’s dry cleaning while you drop off someone else’s prescriptions. Put up flyers, post on Facebook and Craigslist. You’d be amazed at how much people are willing to pay for an extra hand now and again. Start by charging a basic rate – $5 per errand, for example, depending on the errand – or $20 for an hour of shopping plus delivery. Adjust your rates as you run more errands and find more need for your services.

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                      More by this author

                      Michelle Kennedy Hogan

                      Michelle is an explorer, editor, author of 15 books, and mom of eight.

                      8 Things to Remember When You Don’t Know What to Do with Your Life 30 Fun Things To Do With Your Friends Without Spending Much 10 Benefits of Deadlifts You Probably Never Knew 9 Benefits of Jumping Rope You Probably Don’t Know 9 Signs It’s Time to Quit Your Job

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                      Last Updated on September 2, 2020

                      How to Set Financial Goals and Actually Meet Them

                      How to Set Financial Goals and Actually Meet Them

                      Personal finances can push anyone to the point of extreme anxiety and worry. Easier said than done, planning finances is not an egg meant for everyone’s basket. That’s why most of us are often living pay check to pay check. But did anyone tell you that it is actually not a tough task to meet your financial goals?

                      In this article, we will explore ways to set financial goals and actually meet them with ease.

                      4 Steps to Setting Financial Goals

                      Though setting financial goals might seem to be a daunting task, if one has the will and clarity of thought, it is rather easy. Try using these steps to get you started.

                      1. Be Clear About the Objectives

                      Any goal without a clear objective is nothing more than a pipe dream, and this couldn’t be more true for financial matters.

                      It is often said that savings is nothing but deferred consumption. Therefore, if you are saving today, then you should be crystal clear about what it’s for. It could be anything, including your child’s education, retirement, marriage, that dream vacation, fancy car, etc.

                      Once the objective is clear, put a monetary value to that objective and the time frame. The important point at this step of goal setting is to list all the objectives that you foresee in the future and put a value to each.

                      2. Keep Goals Realistic

                      It’s good to be an optimistic person but being a Pollyanna is not desirable. Similarly, while it might be a good thing to keep your financial goals a bit aggressive, going beyond what you can realistically achieve will definitely hurt your chances of making meaningful progress.

                      It’s important that you keep your goals realistic, as it will help you stay the course and keep you motivated throughout the journey.

                      3. Account for Inflation

                      Ronald Reagan once said: “Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hitman.” This quote sums up what inflation could do your financial goals.

                      Therefore, account for inflation[1] whenever you are putting a monetary value to a financial objective that is far into the future.

                      For example, if one of your financial goal is your son’s college education, which is 15 years from now, then inflation would increase the monetary burden by more than 50% if inflation is a mere 3%. Always account for this to avoid falling short of your goals.

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                      4. Short Term Vs Long Term

                      Just like every calorie is not the same, the approach to achieving every financial goal will not be the same. It’s important to bifurcate goals into short-term and long-term.

                      As a rule of thumb, any financial goal that is due in next 3 years should be termed as a short-term goal. Any longer duration goals are to be classified as long-term goals. This bifurcation of goals into short-term vs long-term will help in choosing the right investment instrument to achieve them.

                      By now, you should be ready with your list of financial goals. Now, it’s time to go all out and achieve them.

                      How to Achieve Your Financial Goals

                      Whenever we talk about chasing any financial goal, it is usually a two-step process:

                      • Ensuring healthy savings
                      • Making smart investments

                      You will need to save enough and invest those savings wisely so that they grow over a period of time to help you achieve goals.

                      Ensuring Healthy Savings

                      Self-realization is the best form of realization, and unless you decide what your current financial position is, you aren’t heading anywhere.

                      This is the focal point from where you start your journey of achieving financial goals.

                      1. Track Expenses

                      The first and the foremost thing to be done is to track your spending. Use any of the expense tracking mobile apps to record your expenses. Once you start doing it diligently, you will be surprised by how small expenses add up to a sizable amount.

                      Also categorize those expenses into different buckets so that you know which bucket is eating most of your pay check. This record keeping will pave the way for cutting down on un-wanted expenses and pumping up your savings rate.

                      If you’re not sure where to start when tracking expenses, this article may be able to help.

                      2. Pay Yourself First

                      Generally, savings come after all the expenses have been taken care of. This is a classic mistake when setting financial goals. We pay ourselves last!

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                      Ideally, this should be planned upside down. We should be paying ourselves first and then to the world, i.e. we should be taking out the planned saving amount first and manage all the expenses from the rest.

                      The best way to actually implement this is to put the savings on automatic mode, i.e. money flowing automatically into different financial instruments (mutual funds, retirement accounts, etc) every month.

                      Taking the automatic route will help release some control and compel us to manage what’s left, increasing the savings rate.

                      3. Make a Plan and Vow to Stick With It

                      Learning to create a budget is the best way to get around the uncertainty that financial plans always pose. Decide in advance how spending has to be organized

                      Nowadays, several money management apps can help you do this automatically.

                      At first, you may not be able to stick to your plans completely, but don’t let that become a reason why you stop budgeting entirely.

                      Make use of technology solutions you like. Explore options and alternatives that let you make use of the available wallet options, and choose the one that suits you the most. In time, you will get accustomed to making use of these solutions.

                      You will find that they make it simpler for you to follow your plan, which would have been difficult otherwise.

                      4. Make Savings a Habit and Not a Goal

                      In the book Nudge, authors Richard Thaler and Cass Sunstein advocate that, in order to achieve any goal, it should be broken down into habits since habits are more intuitive for people to adapt to.

                      Make savings a habit rather than a goal. While it might seem to be counterintuitive to many, there are some deft ways of doing it. For example:

                      • Always eat out (if at all) during weekdays rather than weekends. Weekends are more expensive.
                      • If you are a travel buff, try to travel during off-season. You’ll spend significantly less.
                      • If you go shopping, always look out for coupons and see where can you get the best deal.

                      The key point is to imbibe the action that results in savings rather than on the savings itself, which is the outcome. Focusing on the outcome will bring out the feeling of sacrifice, which will be harder to sustain over a period of time.

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                      5. Talk About It

                      Sticking to the saving schedule (to achieve financial goals) is not an easy journey. There will be many distractions from those who are not aligned with your mission.

                      Therefore, in order to stay the course, surround yourself with people who are also on the same bandwagon. Daily discussions with them will keep you motivated to move forward.

                      6. Maintain a Journal

                      For some people, writing helps a great deal in making sure that they achieve what they plan.

                      If you are one of them, maintain a proper journal, where you write down your goals and also jot down the extent to which you managed to meet them. This will help you in reviewing how far you have come and which goals you have met.

                      When you have a written commitment on paper, you are going to feel more energized to follow the plan and stick to it. Moreover, it is going to be a lot easier for you to track your progress.

                      Making Smart Investments

                      Savings by themselves don’t take anyone too far. However, savings, when invested wisely, can do wonders.

                      1. Consult a Financial Advisor

                      Investment doesn’t come naturally to most of us, so it’s wise to consult a financial advisor.

                      Talk to him/her about your financial goals and savings, and then seek advice for the best investment instruments to achieve your goals.

                      2. Choose Your Investment Instrument Wisely

                      Though your financial advisor will suggest the best investment instruments, it doesn’t hurt to know a bit about the common ones, like a savings account, Roth IRA, and others.

                      Just like “no one is born a criminal,” no investment instrument is bad or good. It is the application of that instrument that makes all the difference[2].

                      As a general rule, for all your short-term financial goals, choose an investment instrument that has debt nature, for example fixed deposits, debt mutual funds, etc. The reason for going for debt instruments is that chances of capital loss is less compared to equity instruments.

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                      3. Compounding Is the Eighth Wonder

                      Einstein once remarked about compounding:

                      “Compound interest is the eighth wonder of the world. He who understands it, earns it… He who doesn’t… Pays it.”

                      Use compound interest when setting financial goals

                        Make friends with this wonder kid. The sooner you become friends with it, the quicker you will reach closer to your financial goals.

                        Start saving early so that time is on your side to help you bear the fruits of compounding.

                        4. Measure, Measure, Measure

                        All of us do good when it comes to earning more per month but fail miserably when it comes to measuring the investments and taking stock of how our investments are doing.

                        If we don’t measure progress at the right times, we are shooting in the dark. We won’t know if our saving rate is appropriate or not, whether the financial advisor is doing a decent job, or whether we are moving closer to our target.

                        Measure everything. If you can’t measure it all yourself, ask your financial advisor to do it for you. But do it!

                        The Bottom Line

                        Managing your extra money to achieve your short and long-term financial goals

                        and live a debt-free life is doable for anyone who is willing to put in the time and effort. Use the tips above to get you started on your path to setting financial goals.

                        More Tips on Financial Goals

                        Featured photo credit: Micheile Henderson via unsplash.com

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