According to a report published by CNBC, almost half of Americans are at the brink of retiring without enough money in the bank – essentially financially broke. Apart from tough economic times, financial literacy has become the main problem of why the current population is struggling with money. One important lesson when it comes to money is to ensure you have a positive cash flow. More money should be coming in, than going out and you can do that by having a side hustle.
In 2018, around 5% of the working population holds more than one job. Between paying bills, supporting education, and looking after daily essentials, it is no wonder that people need more jobs to cover these expenses.
Thankfully, our world has changed and it opened up new opportunities for people to earn. Earning extra income has never been more available and creative than ever before. Here is some side hustle you may want to look out to afford the comfortable life we all want.
Put Your Place on AirBnB
We live in what experts call a shared economy and you can see it in the form of platforms that allow consumers to share or rent out their asset. AirBnB is an online platform that allows people to place their properties for rent. If you have a spare room, a vacation house or a property that is not fully utilised then you can make use of AirBnB to create a passive income.
Being an AirBnB host not only gives you extra income, but it is also an opportunity to meet people from around the world.
It is difficult to find a well paid career that incorporates your passion. Thankfully, if you love animals, there’s the side hustle of pet sitting or walking, where you tend to pets, usually a dog or a cat, of someone else and walk, feed and generally watch them. Who knew simply being around adorable animals pays? An app called Rover can help you look for clients in your area.
If you feel like you are a go-getter type of guy or gal, then doing odd jobs and chores should be easy peasy for you. If you enjoy anything from cleaning a house, grocery shopping, doing small repairs, or assisting in home improvements then this may be the job for you. TaskRabbit, an online platform that matches freelance labour with local requests, will be your friend.
Teach A Skill
If you have a skill like playing a musical instrument, cooking, or speaking multiple languages, then it is high time you made the most of it. There is no need for you to be professionally qualified or licensed, as long as you are comfortable teaching the basics to others.
If you aren’t skilled, then your knowledge about the English language can have a good payout. English as a second language is a booming industry especially to students from other countries. You can set your own time and work at the comfort of your home – as long as you have a strong internet connection. You can make around $20 per hour.
If you are feeling a little unmotivated but still determined to earn some extra money, then answering surveys is the best bet you have. There are a number of organisations or online services that pay people who participate and answer surveys and studies. They usually send an invite via email when a new survey needs to be answered, and you need to pass on some initial questions to know whether you are the appropriate person to answer them. It can be a repetitive task, but you can’t complain when you’re earning from the comfort of your own bed.