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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.

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    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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                      Published on May 7, 2019

                      How to Invest for Retirement (The Smart and Stress-Free Way)

                      How to Invest for Retirement (The Smart and Stress-Free Way)

                      When it comes to stocks, I bet you feel like you have no idea what you’re doing.

                      Everyone who’s not a financial expert has been there. I’ve been there. But, time is passing and you need to be crystal clear with how you’re investing for your retirement.

                      Otherwise, it’s back to work until you can afford not to. So, how can you invest for retirement when you’re not a financial expert?

                      You take the time to learn the fundamentals well. If you do, you can grow your wealth and retire happy. The best part is that you don’t need to be a financial expert to make smart investment decisions.

                      Here’s how to invest for retirement the smart and stress-free way:

                      1. Know Clearly Why You Invest

                      Odds are you already know why should invest for retirement.

                      But, maybe you know the wrong reasons. It’s time you get clear on why you’d like to retire. Here are some questions to help you get started:

                      • Will you spend more time with your family?
                      • What does retirement mean to you?
                      • Are you looking to launch that business you’ve been holding off for years?

                      Everyone wants to retire but not for the same reasons. Once you’re clear for why retirement is important for you, you’ll focus on making it happen.

                      Investing in the stock market allows you to take advantage of compound interest.[1] All this means is that your money earns money on top of its interest. A reason why investment in the stock market is one of the best ways to plan for retirement.

                      2. Figure out When to Invest

                      “The best time to plant a tree was 20 years ago. The second best time is now.”– Chinese Proverb

                      It’s true if you’d had started investing when you were 10 years old, you’d have a lot more money than you do today.

                      The reality is that most people don’t start investing until it’s too late. So, if you’re currently waiting for the perfect time to start an investment, it would be today. Open your calendar and block out 2 to 3 hours to choose how you’ll invest for retirement.

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                      A quick way to get a snapshot of where you stand is to use Personal Capital. Input all your personal information and spend some time setting your retirement goals. Once completed, you’ll know where you stand with your retirement.

                      Having a savings account for retirement isn’t planning for retirement. Why? Your money loses value when you factor in US inflation.[2]

                      3. Evaluate Your Risk Tolerance to Create the Perfect Portfolio

                      Investing your money well depends on your emotions.

                      Why?

                      Because when the market drops most people panic and withdraw their money. On average, the US stock market yields an annual 6% to 7% ROI (return on your investment.) But, this won’t happen if you’re worried about short-term loses.

                      Before you invest your next dollar, know your risk tolerance.[3] Your risk tolerance determines the number of risky and safe investments you’d have.

                      Regardless of your investing style, you need to view investing for retirement as a long term game. Know that some years you’ll lose money but recoup this in the long-term.

                      Avoid watching market-related new. Also, create a double authentication to log in your investment account. This way you’re less likely to withdraw your money.

                      4. Open a Reliable Retirement Account

                      Depending on your circumstance, you may need to open a new brokerage account. This is the account is where you’ll invest your money.

                      If you’re currently working for a company, odds are that they offer a 410K investing account. If so, here’s where you’ll invest most of your money. The only problem with this is that you’re limited to the stock options that are available.

                      You do have the option to open a separate IRA (individual retirement account.) Here are some of the best brokers:

                      1. Vanguard
                      2. TD Ameritrade
                      3. Charles Schwab

                      5. Challenge Yourself to Invest Consistently

                      Committing to invest for retirement is hard, but continuing to do so is harder.

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                      Once you’ve started investment for your retirement, you run at risk from stopping. Often you’ll want to contribute less, so you’d have more money in your pocket.

                      That’s why it’s important that you create a budget that allows you to invest each month. If you’re working for a company, you can set a percentage for the amount you’d like to contribute each month. Most people by default contribute 1% but aim to contribute 10% to 15%.

                      Be the judge for how much you can afford to contribute after covering important expenses. To stay motivated, use Personal Capital to view your net worth.

                      A benefit to contributing money to your retirement account is not taxed. For example, if you earn $100 and invest 10%, you’d contribute $10, then get taxed on the remaining $90. As of 2019, the most you’re able to contribute towards your 401K is 19K but this can change.

                      6. Consider Where to Invest Your Money

                      The most common way to invest your money is in stocks, but it’s not the only way. Here are other ways to invest:

                      Robo Advisors

                      Robo-advisors[4] are fancy algorithms that’ll choose the best investments for you. Sites like Wealthfront make it easy for first-time investors to invest their money. You’d input information about yourself and set your risk tolerance.

                      Then, set your monthly contribution amount and your robo-advisor would do the rest. Robo-advisors charge a fee to manage your money, but less than regular advisors.

                      Bonds

                      Think of bonds as “IOUs” to whomever you buy them from.

                      Essentially, you’re lending money and charging interest. Like stocks, not all bonds are equal. Some will be riskier than others depending on their rating.

                      Here are the different types of bond categories:[5]

                      1. Treasury bonds
                      2. Government bonds
                      3. Corporate bonds
                      4. Foreign bonds
                      5. Mortgage-backed bonds
                      6. Municipal bonds

                      Mutual Funds

                      Picture a group of people dumping all their money in a jar that’s managed by a professional. This is how mutual funds work. The fund manager manages the money looking to earn capital gains (interest.)

                      One of the best types of mutual funds is index funds. Since these funds don’t try to beat the market and instead follow it, they need less research. Because of this they often charge the lowest fees and yield the best long-term results.

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                      Real Estate

                      Yes, buying a home is an investment when done correctly.

                      Imagine buying a home and using it as a rental property. After repairing it, you receive a monthly surplus check of $100 to $200.

                      This may not sound like a lot, but repeat this process enough times and you’d earn a large amount of passive income. That’s why real estate is one of the best investments to not only retire but become wealthy.

                      But, it requires a lot of money to start and you should expect losing money along the way as you learn the process.

                      Savings Accounts

                      Your money can still grow in a savings account. Nowadays most online banks offer a 2% annual return. Although the average inflation is higher your money will be available when you need it.

                      7. Master Disincline to Dodge Short Success

                      Investing for retirement is a long-term strategy. That’s why you need to master delayed gratification. All this means is delaying short-term pleasure for something bigger in the future. Research shows that those who have delayed gratification are more successful.[6]

                      So how can you master delayed gratification?

                      By building your discipline.

                      Think back to what retirement means to you. A clear purpose will help you avoid withdrawing your money during a market downturn. It’ll help you contribute more towards retirement when you’d want to waste it instead.

                      Your journey towards retirement will be long, so reward yourself along the way. Choose a reward that’s relevant and meaningful, so that you reinforce positive behavior. For example, after contributing more towards retirement, treat yourself to dinner.

                      8. Aggressively Invest on This One Investment

                      I’ve mentioned several types of investments but haven’t covered the most important one.

                      It sounds cliche but here’s why you’re your best investment towards retirement. The more you know, the more money you’ll be able to make. The more good habits you adopt, the more secure your retirement will be.

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                      More importantly, investing in yourself is an investment that no one can take away. There’s no market downturn nor tragic circumstance that’ll wipe your knowledge and experience.

                      But, how can you invest yourself?

                      Reading books, blogs, and anything that’ll help you learn new topics daily. Listen to podcasts and audiobooks on your commute to/from work.

                      Save money to buy courses and hire coaches. I used to believe hiring coaches was a waste of money when I could learn the subject alone.

                      But, coaches see your blind spots and hold you accountable. Hiring the right coach will help you achieve your goals faster than you would’ve alone.

                      Retire Happy with Excess Money

                      The key to a secure financial future doesn’t only belong to financial experts.

                      It’s possible for you and I. What if you were able to retire earlier than most people and weren’t a financial planner? What if you were able to focus on what you enjoy doing the most while your money was working hard for you?

                      I know this sounds impossible now, but the truth is you’re capable of taking charge of your retirement. I’m not a financial expert but I’ve learned how to invest my money by reading books and learning from others.

                      Investing your money is scary. So start small and invest a small amount of your money with a robo-advisor. Feel your money drop and rise for a month or two. Then, invest more and keep this up until you’re aggressively saving for retirement.

                      One day, you’ll wake up with a net worth you’re proud of – confident about your retirement. You now know a few strategies you can use to invest in your retirement. Will you take action to retire happy?

                      More Articles About Making Wise Investment

                      Featured photo credit: Matthew Bennett via unsplash.com

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