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Five Ways To Make Extra Income This Week (And Every Other Week)

Five Ways To Make Extra Income This Week (And Every Other Week)

Have you been thinking and searching for new ways of generating extra income every month? Do you feel the best time to start is now?

In this post, I will share with you the 5 seamless ways to generate the extra income you need to sustain your lifestyle and move toward financial independence.

Extra Income #1 – 𝐓𝐮𝐭𝐨𝐫𝐢𝐧𝐠

In case you are good in academics, your skill is valuable in the market. There are so many opportunities for you to teach someone a range of topics – like Geography, Chemistry and English Language and so on (in school).

Out of school, you can also offer your teaching skills. For example, there are people that may want to learn a musical instrument that you are good at, this is a chance to train people and make some cool cash.

It may surprise you that there are young boys and girls that make about $50-100 per hour giving guitar lessons, from the comfort of their parents home. They simply post the type of service they offer on a website like craigslist and yes, they earn.

Extra Income #2 – 𝐒𝐢𝐭𝐭𝐢𝐧𝐠

Well, how does that sound? Sitting to earn money? Yes, but not the sitting you are thinking about.

The types of sitting I mean are things like:

  1. Dog sitting
  2. House sitting
  3. Baby sitting

For example, you can help a dog owner to walk their dog for some hours and charge them for that service.

In your spare time, you can offer to sit with a baby and take a close watch over them. This is service that most busy parents are always looking out for.

As you gradually excel in offering these services, it is likely that you will begin to get a consistent flow of referrals.

Extra Income #3 – Sell Something

If you are good in convincing people to buy a product or service, then, your skill can open up more possibilities for you.

You can close sales for companies – when you sell any product of a company, you will earn a commission. This can be both online (i.e. affiliate marketing) or off

line (i.e. selling a physical good at a shopping centre).

Now, imagine that your commission for selling any product is 5% for a start. This means that for every product, worth $3,000 that you sell, you get $150.

Depending on how skilled you are, you can rake in a lot of money every month without any sort of formal qualifications.

Get results and you get paid, it is as straightforward as that.

Extra Income #4 – 𝐑𝐞𝐧𝐭𝐢𝐧𝐠 𝐎𝐮𝐭 𝐒𝐩𝐚𝐜𝐞𝐬 𝐖𝐢𝐭𝐡 𝐀𝐢𝐫𝐛𝐧𝐛

This is a popular one now.

You can remodel a part of your house – garage, backyard, boy’s quarters, or even your room – and rent it out for a couple of nights on Airbnb.

You can earn some good cash by renting out that your space for a number of nights. Get that space cleaned out and looking fresh and you are good to go, renting it out to anyone that wants it.

Extra Income #5 – 𝐁𝐮𝐲 𝐀𝐧𝐝 𝐒𝐞𝐥𝐥 𝐔𝐬𝐞𝐝 𝐒𝐭𝐮𝐟𝐟

There are several ways to turn used stuff into real wealth. You may have heard about the ‘flea market’ model before, now imagine that model in an online space.

If you check the store in your house, or by chance the store of your parents and relatives, you will find out that there are several unused stuff they have in the house.

Why not take some of the items out, flip them, put it up online and sell it? Imagine that you sell an item for $200 and you give $120 to your parent for their stuff you sold, that means you will have $80 to yourself.

That’s not bad an income for helping your parent sell off their unused stuff. Interestingly, this doesn’t take you more than a few minutes of work.

To get started with this side hustle, you can use sites like the ones below:

  1. eBay
  2. Gumtree
  3. Facebook Marketplace

When it comes to generating extra income, the only limit you have is your imagination. So get creative and let me know what you are going to do!

If this is a topic that you would like to discuss in more detail, please go to www.MasterYourMoneyNow.com.au/getstarted to book in your complimentary 30 minute strategy session.
If you want to know more about Master Your Money Now, go to www.masteryourmoneynow.com.au and follow Master Your Money Now on:
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Disclaimer: This information is general information only.  You should consider the appropriateness of this information with regards to your objectives, financial situation and needs. Past performance does not guarantee future returns.
Chris Carlin is an Authorised Representative (No. 1235031 for financial services and No. 514748 for credit) and Master Your Money Now Pty Ltd ABN 65 627 229 681 is a Corporate Authorised Representative (No. 1265677 for financial services and No. 514747 for credit) of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL and Australian Credit Licence No. 236523
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