The key to financial security is earning enough money to cover necessary expenses while having money left over to save for emergency situations and retirement. Unfortunately, wages for much of the population has stagnated while costs continue to rise. The solution for many is to make more money outside of their primary job to supplement their income. Here are some techniques that will help you make more money in 2016.
Get A Part-Time Job
If your primary job has set, regular hours, you can supplement your income by working a part time job at nights or on weekends. Securing a part time job supplies you with extra income on a regular basis and taxes are automatically taken out, so you won’t be hit with a tax bill when income taxes are due. Your earnings could boost your annual income by as much as $10,000, before taxes.
Become A Freelancer
If you need more flexibility in your schedule than a part time job would supply, consider becoming a freelancer. Freelancing is the next best thing to being paid more for your full-time work, because professional work always pays more than unskilled. To find freelance opportunities, try websites like Mediabistro, 99Designs.com, Elance-Odesk, or Fiverr. You can also find gigs through former colleagues or other personal connections. The amount you make will depend on the rate that you charge and the amount of time you are willing to dedicate to freelancing.
Start A Blog
If you have an area of expertise, you can create a website with ads and affiliate links to earn extra money. The topic can be anything of interest, from personal finance tips to legal instructions to parenting techniques. If you want your blog to be successful, it is important to remember that the topics must be interesting and your blog posts must provide value for the readers. There are a number of sites online that will help you build a website and get started blogging.
Start Tutoring Students
Tutoring is an easy way to monetize your knowledge. There are always people looking to learn more about a subject and helping others learn those things can be lucrative, earning you hundreds of dollars in additional earnings each month. You can work with an established group like Kaplan or make your services known to students, parents and schools in your community. Group tutoring sessions may earn you more because you have more people paying for tutoring at the same time, but many parents prefer for their children to be worked with one-on-one.
Sell Crafts That You Make
If you are a person that takes pleasure in creating crafts, consider selling your crafts to make more money this year. There are many venues available for selling craft items, including neighborhood yard sales, local craft fairs, and online websites like Etsy and Craft Foxes. Some craft items cannot be sold unless they meed certain requirements, so make sure you review the relevant rules for your product to ensure you are meeting all of the qualifications.