Last Updated on March 1, 2019
TABLE OF CONTENTS
We could all use some extra cash, and
there are lots of ways to make it. We
found the best money making ideas and
smart ways to increase your income.
At a certain point, you can’t save any more
money; there just isn’t anything left to cut. And
really, saving money is not nearly as impactful
as making more. So whether you want to
increase your income to pay off debt, save for
a home, take a vacation, or retire early, we have
ways to do it. What to know how to make
money? Here are our favorite money making
ideas.
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Money Making Ideas: Smart Ways
to Increase Your Income
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Your Career
You are already spending a big chunk of your
day at your job so you might as well get the
most out of it you can.
1. Fill The Voids
People get hired to do certain things, but they
don’t always do all of those things. Every job
has parts that no one wants to do. Look
around your workplace and identify those jobs,
even better if they are things your boss doesn’t
want to do, and start doing them.
And don’t wait to be asked to do them, just
dive in and do them. Doing the scut work is
what makes you indispensable at a job.
1. Know Your Worth
You’ve been filling the voids, and nothing is
happening. Everyone is grateful, but no one is
promoting you or giving you a raise. It’s time
to start looking for a new opportunity. In fact,
you should always be looking for a new
opportunity even if you are 100% happy with
your current job.
The average raise within a company is a
measly 3%. The raise when you move to a new
company is 15-20%. If you’re not sure how
much you should be making you can check out
sites like PayScale to find out.
Linkedin is probably the best way to find a job
or a recruiter who gets paid to get you a job.
Know Your Worth With Adrian
Granzella Larssen
1. Negotiate
Once you find that new job, you have to
negotiate. Too many people just accept
whatever is offered, afraid that if they dare to
ask for more the potential employer will just
revoke the offer and hire someone else.
But they want you. You’ve made it to the point
of being offered a salary because they want to
hire you. If you’ve never been on the other side
of a job search, it sucks. It’s a pain in the ass.
It doesn’t suck as much as looking for a job,
but it’s close.
That means you are not some supplicant
grateful for whatever you can get. No, you are
in a strong position. The other side expects
you to negotiate, that’s how this whole thing
works. They give you an offer, you counter, and
you go back and forth until both parties are
happy.
1. Time for a Change
If you not only don’t like the job you are in but
don’t like the industry you are in either, you can
do something else. You might need to improve
your skills or learn an entirely new set of skills,
but you can do it.
A listener who drove trucks for a living decided
he wanted a change. He was tired of working
such long hours, being away from home so
much and just making average money. So he
went to coding boot camp.
Fast forward about two years and the guy is
making four or five times what he was making
driving trucks and doing something he never
dreamed of doing.
Now more than ever there are opportunities,
often free opportunities to learn new skills that
can put you on the path to an entirely new
career. Americans watch five hours of
television a day. If you don’t like where you are
in your career, you can use those hours to learn
something that will allow you to pivot.
Side Hustle
There are dozens of side hustles , so there is
guaranteed to be one of them that you are
good at or at least could start doing and get
good enough at that people would pay you
money to do it.
1. Writing
I never set out to become a writer, I just sort
of accidentally fell ass-backward into
becoming one. Finding LMM was the best and
luckiest thing that ever happened to me. Every
other writing job I got is a direct result of
LMM.
When I decided to leave New York City for New
Orleans, I needed to save money for the move.
I made profiles for the freelancing sites Upwork
and Guru.
These sites have gotten me a ton of work on
both sites because I had such a vast portfolio,
the dozens of articles I had written for LMM.
Other jobs have come to me because potential
clients contacted Andrew and he vouched for
me.
As you heard, after five years, I was able to
quit working a 9-5 job and write full time. If
you aren’t lucky enough to find your own LMM,
take Thomas’s suggestion and “create the
capital of a different kind.” Contact blogs and
publications focused on the subject you want
to write about and offer to write for free.
Or make low ball bids on freelancing sites.
These things will allow you to build up a
portfolio and in the case of freelancing sites,
get good feedback from your clients. This body
of work, even if it wasn’t paid or well-paid, can
be the foundation you base a career on. You
can really make a lot of extra money and it can
also turn into one of the best business ideas
for freelancers.
1. Social Media Person
Most businesses recognize the power of social
media these days, but that doesn’t mean they
know how to utilize it. If you do and can
convince them that harnessing that power can
make them extra money, they will pay you
money to do it.
There are plenty of these kinds of positions
available on freelancing sites, but you’re up
against a lot of competition. I think you will
have better odds pitching yourself and your
skills in the area of social media to small,
local businesses in your city.
1. Virtual Assistant
People only have so many hours in the day,
and they have to assign value to their time. Is
it cheaper to pay someone else to do things
like return emails, schedule appointments,
invoice customers, dispute charges on their
credit cards or to do it themselves?
If their time is valued at $100 an hour and they
can pay a virtual assistant $20 an hour to do
them, then the choice is obvious. It makes
sense to outsource those tasks. You can find
these kinds of jobs on freelancing sites.
You and your employer don’t have to be in the
same place. Some VA’s never even talk to their
boss on the phone; everything is done via
email or texting.
1. Real World Assistant
Real world assistants do all the same kind of
tasks a virtual assistant does, but you are
working in the same place. You can find these
jobs in all of the traditional job finding places
but if you are aware of some entrepreneurial
people in your city and you can somehow
wrangle a meeting, pitch yourself as their
assistant.
This is a good strategy particularly if the
person is involved in an industry you are
interested in. You can use your time as their
assistant to learn what they know and if you’re
lucky, develop a mentoring relationship with
that person.
1. Task Rabbit
Task Rabbit is a website where people can hire
taskers to do just about anything for them.
Apparently, the number one job on Task Rabbit
is putting together Ikea furniture so if you’re
good at that; you could really clean up.
People hire taskers for the same reason they
hire VA’s because their time is too valuable to
be spent doing things like picking up dry
cleaning, dog walking and putting together Ikea
furniture. But also because people are lazy,
really, really lazy.
Their time might not be worth jack shit, but
Chipotle doesn’t deliver the bastards. But
they’re too lazy to put on pants never mind
actually go outside and walk or drive to fetch
their own tasty burrito. So they hire a tasker to
bring them a burrito. And a Diet Coke.
1. Teach Something
There is something you’re good at that other
people would like to be good at. And they will
pay you to teach them how to be good at it
too. This can be done online or in the real
world. You can tutor online at sites like Wyzant.
You can teach English to Chinese kids at VIP
Kid.
You can create online courses for Udemy or
Skillshare . And you don’t have to find students;
those sites do that for you. You just have to
create good content.
You can tutor in an academic subject, give
music lessons, dance lessons, cooking
lessons, dating lessons. There is a market out
there for all of those. You can advertise them
on local Facebook groups or Nextdoor.
Those tiger parents will pay a pretty penny to
ensure their special spawn get a place in the
premiere pre-school and that requires a very
expensive tutor who is you. These jobs are
especially good side hustles because if you’re
good, you can get so many word of mouth
clients. Could even turn into your full-time gig.
1. Sell Stuff Online
The great thing about selling things as a side
hustle is that there are so many things you can
sell and so many places to sell them. Whatever
your particular interest is, there is a market for
it.
Like books? Sell them on Bookscouter. Like
antique toys? Sell them on eBay . Like thrifting
and clothes? Sell used clothing on Poshmark.
Laura is practically running a business doing
this at Finders Keepers.
If you have a lot of kids stuff, toys, books,
clothes, their multitude of gear? Facebook
parenting groups are a good place to unload all
of that. If you’re trying to get rid of big, bulky
items, use Craigslist, so you only have local
buyers willing to pick the items up.
You can start with your own stuff both as a way
to declutter your house and life and because
you don’t need to invest any money. Use your
stuff as your learning curve. Figure out what
sells and what doesn’t before you spend money
buying stuff to sell. You always have a garage
sale too!
1. Community Activities
When you see kids’ little league games or adult
inter-mural games being played, there is
always a ref or an umpire, and those people
are getting paid. This can be a fun way to get
outside, get some activity, and meet new
people while you earn extra money part-time.
But if you want to do this, I would try to stick
to the adult inter-mural leagues and steer clear
of kids’ games. Their parents are like savages
and officials have been assaulted by irate
parents. Sure you might get the occasional
heckling from a softball player who had one
too many before the game started or even
during the game but those parents are out for
blood. Avoid!
1. Make extra money with
online surveys
Want to get paid for your opinion? Using Survey
Junkie you can share your opinion to help
brands deliver better products and services.
After you create your profile, they will start
matching you to online surveys you can take
online anywhere, anytime, and on any device.
Completed surveys earn virtual points that can
be redeemed for PayPal or gift cards. Survey
Junkie is great for anyone who is interested in
earning money from their couch.
If you have some free time during your lunch
break or commercials it’s a great way to make
money fast. There are a lot of survey sites out
there but we like Survey Junkie . Sign up to
make some fast money online. Most of the
online surveys are pretty easy and you are not
required to sign-up for other services so no
annoying spam mail.
For starters, it’s completely free, and you earn
25 free points when you create your account.
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Investments
If you’ve listened to the show for any length of
time, you knew we weren’t going to let an
episode about how to make more money go by
without talking about investing. Investing is the
best way to grow your wealth, and it’s not hard
to get started.
1. Fundrise
Fundrise is crowdsourced real estate investing.
You couldn’t make these kinds of investments
on your own, so you pool your money together
with other investors through Fundrise. They
invests in things like apartment complexes,
hotels, and retail complexes.
Fundrise pays quarterly dividends, and they
have a new Starter Plan that only requires $500
to start investing.
1. Roofstock
Roofstock is how Andrew started investing in
rental properties. Because Roofstock does
“turnkey” real estate investing, you don’t have
to be a hands-on landlord, so your lack of
plumbing knowledge doesn’t have to stop you
from making passive income by becoming a
landlord.
It also means you can own properties nowhere
near your own city which may be too expensive
for you to buy in. Roofstock lets you invest in
homes in a low cost of living areas like
Indiana, Ohio, and Georgia.
1. Lending Club
Lending Club is a peer-to-peer lending
platform. People can go there to borrow money
for all sorts of things, paying off credit card
debt, paying for a wedding, or home
renovations. They don’t have to go through all
the trouble and paperwork involved with getting
a bank loan, and they get a better interest rate
than a bank would offer.
The lenders make loans for the same reason
banks make loans because it’s a good way to
make money. Lenders make money each
month on interest and the principle of the loans
they make.
1. Dividend Aristocrats
Not all stocks are created equal. Some stocks
pay dividends, and then there are the stocks
that are considered dividend aristocrats.
An aristocrat dividend is a company that has
continuously increased the number of dividends
it pays to its shareholders. To be categorized
as such, a company must typically have
increased dividends for at least 25 years.
Coca-Cola and McDonald’s would be two
examples. The S&P 500 has a fund called The
S&P 500 Aristocrat Fund that has over the last
five years had returns of 17.56%.
The Sharing Economy
People don’t necessarily want to own certain
kinds of things, cars for example. But they still
need cars from time to time. And some bright
people realized that they could make money
with their spare time or their spare things by
renting them to those non-buying type people.
And poof, the sharing economy was born.
You can rent out your car and driving services
with Uber and Lyft. You can rent your car to
Uber or Lyft drivers who don’t have cars of their
own up to those companies’ standards with
Hyrecar and make more than $1,000 a month.
For doing nothing! Be sure to check into what
kind of insurance is required to do this, or it
can cost you many more times than you could
ever make.
The core of my being is
making money doing nothing.
Rent a room in your house or your entire house
on Airbnb. Depending on where you live, even
doing that one weekend a month could pay
your mortgage.
1. Optimize Your Expenses
It’s true that making more money is more
impactful than saving money, but that’s not to
say you shouldn’t save money when you can.
1. Earny
Have you ever bought something and then seen
it cheaper soon after? Sometimes you can get
the difference back either from the retailer or
your credit card company, but most of us don’t
bother. Now you don’t have to.
That’s what Earny does for you. If you are
entitled to a refund or rebate, Earny does the
legwork and gets the money for you.
1. Trim
Trim goes through your credit card and bank
statements looking for recurring charges, things
like gym memberships and subscription
services like Audible, Pandora, or Emma and
Chloe. The app will send you a message
asking if you want to cancel these services.
If you do, you haven’t been to the gym in
months, you meant to cancel Emma and Chloe
after the introductory period and forgot, Trim
does it for you. I love Trim. I used it, and they
saved me almost $70 a month.
1. Billshark
Whatever you’re paying for things like cable,
internet, and your cell phone service, you’re
probably paying more than you should be. But
it’s such a hassle to comparison shop to say
nothing of having to actually call those
companies up, spend a lot of time on hold and
then try to negotiate a better price.
With Billshark you don’t have to do any of that.
They handle all of it for you. I used their
service, and they saved me about $60 a year
on my cable and internet bill. Not a ton of
money but $60 I didn’t have before.
1. Seated
I loved this app and was using it all the time,
but it’s not available in New Orleans anymore
which really sucks. If someone from Seated is
reading this, PLEASE come back to New
Orleans. All we do is eat and drink down here
so I don’t know why you left but I want you to
come back!
All you have to do is use the app to make a
reservation at participating restaurants,
complete your reservation and you will get $10-
$50 in rewards from Amazon, Lyft, or
Starbucks. You lucky ducks in the 14 cities
Seated is available in should definitely use this
app!
You Could Be Doing More
Almost none of us is at peak capacity. We
could be making more money. Your
assignment this week is to start doing one
thing on this list, just one. Look around your
job and notice what everyone avoids doing and
start doing it. Go on Payscale and see if you
are being paid what you’re worth. If not, start
looking around for a job that will pay you that.
Go through your bookcase or your closet and
sell the books or the clothes you don’t use.
Take $500 and open a Starter Account with
Fundrise. We could all be doing more to grow
our wealth and achieve financial independence.
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