With prices rising across the board daily, wallets are being squeezed, and bank accounts are looking bare. Killing yourself at three jobs need not be the only way to maximize your potential to get through these challenging times.
Look around at what you already have and figure out how to use it to bring in additional income. Those extra dollars can be hiding in surprising places, just waiting for you to cash in.
Rent Out The Spare Room
Renting a spare room has long been an easy way to supplement income, which still holds today. Advertise privately for a mid to long-term lodger if you’d prefer to have a low turnover of people through your home.
Alternatively, list your extra room on Airbnb as a short-term let for holidaymakers and businesspeople. Both options have their advantages, with a lodger bringing in a steady weekly income, while short term lets afford flexibility when you have strangers in your home.
Rent Out Land
It’s not only rooms that landowners can rent out, but spare land can also. In busy cities and towns, renting out driveway space for parking helps commuters and your bank balance.
Alternatively, at huunt.com, you can list the hunting rights to large tracts of land if you own substantial property. As with a room in your house, you can choose to sell long-term hunting rights or opt for short-term, meaning it works for all situations.
Webinars
If there’s a topic you’re passionate or decently knowledgeable about, creating a webinar about it is a fantastic way to generate passive income. As long as it’s aimed at an audience less familiar than yourself, you don’t have to be an expert in the subject.
The great thing about an automated webinar is once it’s made and posted online, you don’t need to do anything else. This lack of required maintenance makes it a good option if you’re short on ongoing spare time.
Pet Sitter
If animals make you happy, then advertising your services as a pet sitter is a terrific way to get your fix while earning money. Allowing pets to bypass the stress of going into a pet hotel and staying at home instead, a pet sitter looks in a couple of times a day to feed and water the animals. Depending on the animals involved, there may be some dog walking involved or tummy rubs to be given—a gratifying experience for both parties involved.
Plant and house sitting are other options to look into if animals aren’t your thing. House sitting gives you somewhere to stay for a few days to weeks and keeps people’s homes secure as they aren’t left vacant for an extended period.
Finding a suitable passive income to your abilities and lifestyle can positively impact your finances without putting unnecessary strain on your downtime. Potential isn’t always about how much or what you can do, but what you do with what you already have.