Are you in need of some extra cash these days? Are you looking to invest in your future by getting more involved in business or in a hobby that can earn you a steady side income? Here are some opportunities you should consider pursuing.
Invest in Real Estate
Have you ever considered investing in real estate or becoming a landlord to earn extra money? 42.58 million housing units are occupied by renters in the U.S. – and you can invest in this growing area.
Perhaps you lived in an apartment in your 20s and saw how much work your landlord put into keeping your place livable – or perhaps you had a landlord who did nothing at all. Depending on your outlook, perhaps being a landlord isn’t for you. However, investing your money into real estate is another potential option for you. Not only can you earn a steady stream of income every month, but real estate is tax-deductible, meaning you can pay less in taxes every year. If youāre under 40 and donāt have a will, now is the time to consider having one drawn up. With more assets in your name, you should prepare for the future as much as possible.
Flip Cars
If you enjoy working on cars or have a passion for vintage vehicles, flipping older or damaged cars may be a way for you to enjoy a hobby while also making some extra money.
Yes, people love new cars. Since 2010, the production of commercial vehicles in the United States has jumped from around five million units to 8.5 million units in 2018. Despite the growing number of people buying and leasing new vehicles, there will also be people who need older, cheaper cars. Perhaps your neighbor is going to college and needs something to ger her around. Perhaps your uncle is looking to downsize and wants to sell his newer car for something smaller and cheaper. Despite the circumstances, there will always be a population that needs an older, cheaper car. If you have the skills, give flipping cars a shot.
Property Maintenance
Do you love gardening throughout the spring and summer? Perhaps you enjoy sitting in the sun, getting out your gardening gloves, pulling weeds, and planting beautiful flowers. If this is a hobby you enjoy, have you considered the fact that many people love the idea of having a garden but don’t want to put in the work? This is where you come in.
Not only are people unwilling to put in the work, but some are willing to pay big bucks to have someone maintain a beautiful garden for them on a week-to-week basis. If you love gardening, why not make a steady income each week doing something you love? Not only can you charge for your time, but also for materials and your commute. Many people who care about their property’s appearance will pay more than you would expect.
Along with gardening comes other ways of taking care of a property’s landscape. If you enjoy mowing the lawn, listening to music, and getting some time to think on your own, then perhaps mowing lawns on the side during the spring, summer, and into the fall is something you could do a few days a week to earn some extra cash. Property maintenance of any kind is something many individuals don’t have the time to maintain – or they simply don’t want to. Your hobby may be something you can earn a small income doing, so why not give it a shot?
Blogging
If you enjoy writing, taking pictures, and inspiring others, then perhaps blogging is a hobby you should consider pursuing. Not only will you enjoy running a website entirely dedicated to things you enjoy doing or enjoy writing about, but you can also earn some money on the side.
Are you a TV show fanatic? Consider starting a blog where you can write about your predictions and thoughts on your favorite TV shows. Create a space where you and readers can have conversations about plotlines and characters. You will surely be excited to log in every day and discuss something you love.
If you love makeup, then start a blog dedicated to makeup brands and techniques. You could give your opinions on styles, provide tutorials, and exchange ideas with readers. Along with your content, include ads for your favorite products. This will earn you money and will attract readers from across the internet to your blog.
If you are looking to earn some extra cash, truly consider whether investing your money into real estate or into making your hobby a side job can be beneficial for you long-term. Why not earn a small, steady income from something you enjoy doing? Not only will you enjoy taking part in whichever activity you enjoy, but earning some money on the side can bring you joy as well as financial comfort.
