It’s a brand new year but you still have lingering money issues clouding above your head? Thankfully, it’s never been easier to make some extra cash on the side, also known as a ‘side hustle’.
The internet and new wave of technology has provided immense opportunities for you to make extra income with ease. You just need to know where to look.
Whether you are trying to get out of debt, save for a house or just want to build a nest egg here are 3 ways to make extra income in 2020.
1. Freelancing
Freelancing was once reserved only for those with creative or design skills but is now available to pretty much anyone with any skill set. Websites such as UpWork and the improvements in remote working software such as cloud sharing allow professionals from all backgrounds to find extra work online.
Here are just some of the skill areas that can now be used for freelancing:
- Accounting
- Administration
- Consultation
- Content Creation
- Copywriting
- Design
- Marketing Executives & Management
- Personal Assistant (or Virtual Assistant)
- Planning & Operations
- Project Management
There are opportunities to make extra money in 2020 with whatever skills you may have. As the business world continues to evolve, it makes much more sense to outsource one-off projects to freelance professionals as it saves companies money, time and most importantly allows them to stay flexible.
Freelancing can be really flexible for you too, allowing you to schedule the work whenever you have free time. What are you waiting for?
2. The Stock Market
Once reserved for men in expensive suits working on Wall Street, the stock market is now far more accessible to everyday people. Advancements in technology and software have opened a whole new door of opportunity for those looking to invest their money.
There are lots of channels you can now take with varying options that allow you to start investing in companies right now from your sofa. You are not limited to any individual stock market either, you can choose to invest in any or all of the stock markets at the same time. You can now invest in multiple companies at the same time. You don’t even have to own a full share anymore to invest. You can buy fractions of shares with companies like Robin Hood and eToro which means you can invest in some of the biggest companies on the planet.
Most importantly, you don’t have to be knowledgable about your investments either. You can even use an auto investment tool that will use your personal preferences to invest your money in the best possible way on your behalf.
3. Teach English Online
Join one of the fastest-growing industries on the planet and earn up to $35 an hour teaching English online. If you are a native English speaker you can start teaching online in no time.
All you need is proof of your degree (any major) and complete a 120-150 hour TEFL course to gain the right certification. You can buy the TEFL course online and it’s very straight forward to complete. Once you have passed you can apply to teach online with any of the rising number of online teaching companies. Once accepted, you will then go through some initial training and before you know it you will be teaching.
Teaching kids is not just lucrative it’s also very rewarding working with children to help them learn English and go on to higher levels of education. The best schools paying the most money per hour include VIP Kidz, Dada ABC, and Whales English.