Everyone has seen better financial days.
Thanks to COVID-19 there have been non-stop budget cuts and mass layoffs, and a lot of people are starting to feel the financial pressure. While full-time remote work is hard to find, there are plenty of fast, extra ways to make a buck. If you're strapped for cash, here are a few easy ways to make some money.
One of the easiest ways to make some fast cash from home is by taking online surveys. Brands, research groups, politicians, almost anyone with a need for public opinion will likely have some type of quick survey online. Sure, it won't make you rich, but any extra pocket change in a financial crisis is nice.
Chances are you've had an urge to deep clean your apartment, but what should you do with all the extra clutter you wanna get rid of? Sell it, of course! From LetGo to eBay and Craigslist, there are plenty of ways to sell your stuff and make good money doing it. If the goods are quality, it's best to go for eBay. Their auctioning system means you have a better shot of walking away with more than you bargained for. No matter what you're trying to sell, chances are there's an app that can help.
Become a Neighborhood Dog Walker
With schools and daycares closed across the nation, chances are parents will do anything to get a break from their dogs nagging. Offer to walk your neighbor's dog for an affordable rate a few times a week, or maybe even walk a couple of pooches in the neighborhood. Spending some quality time with pets can help improve your mental health, and not to mention it's a safe way (as far as we know) to make a relatively decent income.
Sign up For Uber Eats, Instacart, or Door Dash
With people afraid to go to the supermarket, delivery services are in extremely high demand. It's easy to become a delivery driver, and given the current climate, you can probably make some okay money. Not to mention it's good karma, as even the cheapest meal delivery services can make someone's day a little bit easier.
Become a Freelancer
Thanks to the internet there are a ton of ways to do some remote freelance work. Regardless of your skillset, chances are there are plenty of people looking for someone like you. UpWork, VirtualVocations, and Fiverr are always updating their sites with new opportunities. If those sites don't offer anything for you, Craigslist and Facebook also offer freelance opportunities.
Airbnb offers an affordable option for people looking to be more comfortable as they travel.
However, there are downsides to staying in a host's home rather than a hotel. Whereas hotels are designed for constant streams of visitors and often have furniture built to last, at an Airbnb, you may be staying on old or cheap furniture that a host is using in order to maximize their profits.
And while most reputable hotels will have regular room inspections from staff to check for any wear and tear, Airbnb damage disputes are oftentimes he said, she said situations. If you are in an Airbnb and something breaks, there are a few steps you should take in order to ensure that you are not on the hook for damages out of your control.
If you're keeping tabs on the art and tech worlds, you've probably been hearing whispers about "NFTs" for the past month. Just over the past week they've entered the mainstream lexicon.
Twitter founder Jack Dorsey made the news for selling his first ever tweet. The app has been teasing paid subscription models and newsletter-like features, but tweets for sale is "the next frontier."
just setting up my twttr— jack (@jack)1142974214.0
The 2006 tweet went up for auction as an NFT, and the current bid is $2.5 Million. But what does it mean to own that? Why would anyone want to? And what even is an NFT?
Long gone are the days when the majority of Americans dreamed about owning a home with a white picket fence.
The traditional American Dream may be on its deathbed, but that doesn't mean a core component of the vision can't survive. It simply takes a diverse perspective. People can still believe they can attain their own vision of success in society with hard work, knowledge, and risk-taking. Investing in today's American Dream may literally mean investing money in our modern economy, starting with our infrastructure.
Real estate investing in particular is a lucrative method that can boost income and secure a better financial future for many. There's always risk involved, but the payoffs can far outweigh the uncertainty. Selecting solid financial investments is about confidence and competence. If you're looking for some advice on this kind of investment, here are a few savvy tips for new real estate investors.
Stick To a Specific Strategy or Niche
Real estate is a challenging sphere of the business world, one that requires several key skills: groundwork knowledge, networking, perseverance, and organization. True knowledge of the real estate market will come with time and experience, but it's a smart idea to select one area of the market and stick to it. This is the best way to attain in-depth familiarity with your specific niche.
First, choose a geographical area close by and then a niche strategy within it, such as house flips, rental rehabs, or residential or commercial properties. By doing so, you can become aware of current inner working conditions in the market and you'll have a better idea of how these trends may change in the future.
Be Vigilant About Viable Financing Options
While it takes money to make money, you don't have to use all your own money. A common misconception about real estate investing is that you must be wealthy to start off. This isn't straight fact, however. A majority of people can test the waters of real estate investing without a lot of initial cash in their pocket.
Aside from traditional financing options from banks and institutions, private lending options can be worthy solutions. Hard money lenders are popular, reasonable choices, and they tend to have fewer qualification requirements upfront. However, be sure to strategically choose a hard money lender to find the best possible fit.
Master the Art of Finding Good Deals
There may be hundreds of thousands of available properties for sale on the current market, but the bulk of them will never amount to the final money-making result you desire. Another great tip for new real estate investors is to use good math to estimate profit. Taking risks is part of the process, but you have the ability to analyze properties and use networking sources to find the greatest deal. You can't win every deal, but you can steadily work towards a thriving financial future.