After listening to your show, I found a lead to my first side hustle. For my wife’s program and mine, we are required to have CPR. We took our class to meet these requirements, and I talked with our instructor who passed my name to the owner letting him know I was curious about becoming an instructor. I was contacted about certifying myself to teach classes! – John S.
The Discover it® - Cash Back has always been a challenger for the best overall credit card on the market today. So many benefits to choose from and some of our favorites are that Discover will match the cash back you've earned the first year while offering a 0% intro APR on purchases and balance transfers for the first 14 months (then, the regular APR applies). 5% cash back on select categories each quarter you activate ($1,500 max spend) and no annual fee. Read review
How much could money could you make as a VA? Some VA’s make between $14 and $25 an hour, others charge $40 and up. If you are great at making Pinterest images and Instagram creatives, you could charge brands upwards of $50 an hour. To get the best value for your work, it helps to have a social media following of your own to demonstrate your work online.
Set up an account on Rover.com. Enjoy furry company once in a while? These days, many professional pet-sitters set up an account on Rover.com. With Rover.com, you can reach people in your area who are actively looking for someone to watch their dogs, cats, hamsters, or turtles, either in their home or your own. You can set your own rules and schedule and come up with your own pricing through the Rover.com pet-sitting platform.
Remember the steps from point 2: Make more money, spend less, and invest wisely. Point 3 covered making more money, and this one covers spending less. Make a detailed budget for yourself based on your projected income and your current expenses. Set firm limits for your expenses, and keep a close eye on where most of your money goes--you might be surprised at some of the areas where you waste the most money. Once identified, you can start refining your budget to spend as little as possible, and funnel the rest into a savings or investment program.
Survey Junkie is among the most straightforward survey sites out there, which puts them near the top of this list. All you have to do is sign up to be eligible for surveys. Once you complete a survey you earn a certain amount of points that you can exchange for cash paid directly to a PayPal account or you can redeem your points for gift cards. Super simple.
Years ago, a friend told me she didn't want to invest in stocks because she "didn't want to wait ten years to be rich..." she would rather enjoy her money now. The folly with this type of thinking is that the odds are, you are going to be alive in ten years. The question is whether or not you will be better off when you arrive there. Where you are right now is the sum total of the decisions you have made in the past. Why not set the stage for your life in the future right now?
It’s crucial to begin saving for retirement early on, so you can take advantage of the magic of compound interest. And you should also be socking some money away into an emergency fund to protect you and prevent you from going into massive debt if the worst happens. By saving for the long term, you’ll ensure you’re building a nest egg to see you beyond your 30s.
Craigslist: Craigslist is definitely the scrappiest of the major online resale options. The advantage of Craigslist is its enticing profit potential, thanks to the total lack of listing and selling fees for most items. The disadvantages are many, but include potential safety risks and higher chances of nonpayment. If you do choose Craigslist, keep your wits about you and use the buddy system.
A very wise investor once said to pick the traits you admire and dislike the most about your heroes, then do everything in your power to develop the traits you like and reject the ones you don't. Mold yourself into who you want to become. You'll find that by investing in yourself first, money will begin to flow into your life. Success and wealth beget success and wealth. You have to purchase your way into that cycle, and you do so by building your army one soldier at a time and putting your money to work for you.
Join a startup accelerator: Another great option is to apply to a startup accelerator like Y Combinator, 500 startups, or TechStars, where a group of investors will help coach you, connect you with potential partners, and provide startup cash in return for a small stake in your company. The competition is tough to get into these, so don’t rely on them as your only path forward.
I have a question. I am 24 and I just started selling commercial insurance. My wife and I have about 70 k in student loans which we plan on paying back asap. I am going to have an additional 10k on top of my salary next year which I plan on saving until the end of the year and allocating it as I see fit. Everything I read says “compounding interest is the bomb” but then says “don’t save, pay down debt”. Now, I hate debt but I want to take full advantage of our young age and compounding interest. What would you recommend I do with extra 10k if we already put and extra $200 towards debt a month and we have an emegency fund in place? Fully Fund our IRA’s for the year or pay down a loan? I feel like there is no right or wrong answer. Your thoughts?
Thank you for your unselfish ideas and suggestions. It’s really a big help for people who wished but hesitant to jump in this kind of career, like me. I am a single mom, as in literal single/alone in all responsibilities. I wished to work from home so that I will no longer leave my daughter to our neighbors house when I need to go to work, but I am afraid to leave my current job and risk to a home base job for I think of the stability. I am afraid to put my financial responsibilities at risk, specially I have a child to support.
For some people, work just has to be in an office, factory, store, or any other environment that’s separate from home. Even a second job would have to be in a separate place. For others, a home office is a welcome place for a secondary or even a primary job. If you’re one of those people, you have some unique opportunities, but you also have some very particular challenges of working from home.