If you’re currently dissatisfied by your current take home income, it’s well worth looking for additional ways to make money now. Simply continue reading in order to discover an invaluable guide to making extra money, which you should find useful!
If you have a knack for writing, you may be able to earn residual passive income, by writing eBooks which you’ll be able to self publish on Amazon. One of the key benefits of self publishing books, is that if an individual purchases your book 5 years after you first published it, you’ll still receive money from the sale of your book.
If you don’t have a creative bone in your body, don’t worry as the most popular self published books on Amazon are actually factual, instructional books. As examples, travel guides, cooking books and books about personal finances are extremely popular niches, which you may want to write about. Although you can make money from writing about any of your unique hobbies or interests.
Invest in the stock market:
When you invest in shares, you’ll earn dividends and may make a profit if you purchase shares at a low price and later sell them at a much higher price. If you’re interested in purchasing shares in businesses who you believe will increase in value in the future, it’s well worth finding a South African investor broker. As an example, you may want to deal with a Alpari MT5 Broker in South Africa.
Find a second job to increase your disposable income:
If you’d like to earn more money in order to be able to afford more shares, you may want to consider temporarily working a second job. As if you invest heavily into stocks and money making opportunities which will increase your passive income, in time you’ll be able to quit your part time job and your day job.
Some part jobs which you may be interested in taking up include driving for a ride sharing app or a meal delivery app. As you’ll have the freedom and the flexibility to choose your own work schedule.
Invest in property shares:
While you may not be able to afford to purchase a second home, to rent out, in order to earn extra money now, you do have enough money to start purchasing property shares. Purchasing property shares is a wise idea as won’t have to take on the same risk as an individual who purchases an investment property out right. As you’ll share the risk of your investment with a variety of other individuals, who all own a small stake in the property which you’ve purchased.
Another advantage of investing in property shares, is that you can opt to split your investment and to invest in a handful of different rental properties. Instead of investing in a single property.
So if you’d like to bring in extra money in a short time period, it’s well worth using some of the suggestions which have been listed above, in order to help you get started!