Smart Reasons to Save, Use and Invest Money

Boosting Your Income: How to Earn Money on the Side

Boosting Your Income: How to Earn Money on the Side

It feels like our money never quite stretches far enough these days. With wages stagnating while inflation rises, it is getting harder and harder to meet our expected standard of living; and that’s before we start even considering taking levels of debt into account. Due to this, more and more people have now started trying to earn money on the side. From betting to arts and crafts to car boot sales, there are a number of ways that this can be done. Due to the technology involved in 21st century life, however, you can now earn money without even leaving the house. Here are three ways that you can boost your income all from the comfort of your own home.

Start Your Very Own eBay/ Amazon Business

Online businesses are now all the rage and, with sites like eBay growing daily, it is no wonder that hundreds of thousands of people are flocking there in an attempt to make a quick buck. The truth with sites like eBay and Amazon is that if you have the right stock at the right price you’ll always sell because the volume of traffic is so high. Plus, what’s more, it’s cheap and simple as well, and all you’ll need is an eBay seller’s account. Admittedly, you may have to leave the house to post your items, but that’s a small price to pay.

 

Get Rid of Those Old CDs and DVDs

You’d be amazed at how much money you have in boxes up in the attic. Although most CDs and DVDs aren’t worth a lot, there’s always the odd limited edition gem mixed in there and, if there’s something that’s almost brand new, it’ll almost certainly be worth enough for it to be worth your while selling it.

If you’ve got a job lot to get rid of then you can make a quick buck fairly easily. Of course, selling all these items takes time, but it is well worth the effort in the end. Compare and contrast a number of online sites that offer to take these items and that way, you know you’re guaranteed to get the best price. All you have to do is scan the barcode of the items on your phone for an instant valuation, what could be simpler than that?

Start Trading on the Side

If you’re not interested in getting your hands dirty, then online Forex trading may be for you. Once again, this is an incredibly cheap option, and all you’ll need to get started is an ECN account. Trading currencies online is quite technical, and is only advised if you’re already quite studious and brainy. In addition to this, it is also the highest risk of all the options, and there’s a potential to lose money as well as earn money. Incredibly lucrative if done well, Forex trading is practiced all over the world, but you’ll need to put the research in to earn some money.

Using such techniques described above could help you increase your income class as I have done with my personal finance pyramid.  While it’s not easy to move to each level once you get higher up in the pyramid, extra income definitely will move you more quickly on the lower levels!

So, there you have it, three ways you can earn money without leaving your home. What’s stopping you?

 

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