Selena Maranjian has been writing for the Fool since 1996 and covers basic investing and personal finance topics. She also prepares the Fool's syndicated newspaper column and has written or co-written a number of Fool books.
For more financial and non-financial fare (as well as silly things), follow her on Twitter.What better way is there to learn something than from an expert in the field? And when it comes to investing, what better investor is there to learn from than Berkshire Hathaway's (NYSE:BRK-B) Warren Buffett?But of course, you may be wondering: How did he get so good in the first place?Of mentors and men Most people - OK, most investing geeks - know that Buffett was an ardent devotee of deep value investor Benjamin Graham, who taught him to look for dollar bills selling for $0.50. (Here are some of today's.) Buffett's investing later evolved through his association with Charlie Munger, and now he prefers a great company at a good price over a good company at a great price.But before all of that, when he was still quite young, he learned some fundamental lessons of his investing life through a book titled A Thousand Ways to Make $1,000.Multiply, multiply, multiply That book gave Buffett his legendary appreciation for compounding - the way time and investment combine to make money multiply. PeriodResult10 years$2,60020 years$6,70030 years$17,40040 years$45,30050 years$117,40060 years$304,50070 years$789,700That 10% return, over 70 years, really adds up.
It's what you might average even through periods like our current recession, when there are still.Investing matters.Start yesterday The authors of A Thousand Ways to Make $1,000 also urged readers to not put off making money - because the annualized return is only one piece of the puzzle. How long the money has to compound is the other. Just look at that table again. The same $1,000 compounding for 60 years will add up to less than half of that amount if it compounds for 70 years. Just 10 more years delivers nearly $500,000 more!If you start investing early, it can be hard to not end up rich.
Buffett was a preteen when he read about compounding - too bad for us that we often grasp its power when we're in our 30s or 40s, or later.So what? Given that you probably are in your 30s or 40s, or later (most investors are), what good does all of this advice do?If you're 10 or 20 or 30 years from retirement and just now starting to invest, you might not end up with millions. But that doesn't mean you shouldn't start now. Even if you just invest in a broad-market index fund and earn the historical average of 10% per year, that rate of return will turn a nest egg of $100,000 into more than $670,000 in 20 years.
If you add money every year, the figure will become much, much greater. And sure, that 10% figure might seem, um, generous given, but remember that it's an average over many, many years, including those of the Great Depression. When it comes to investing - and compounding - you want to think in terms of decades, not years.Great companies But how do you get those 10% returns? You can invest in a broad-market index fund, of course.
For a chance at market-beating returns, however, you'll need to add some individual companies to your mix.Buffett looks for companies generating growing streams of money. You can screen for that to get a list of companies worthy of further research.Here are some large-cap possibilities I got when I screened for companies with returns on equity (ROE) of 15% or more, a price-to-earnings (P/E) ratio of 20 or less, and four- or five-star ratings in our CAPS community - all indications that a company is worth a second glance. CompanyCAPS Stars (Out of 5)Return on EquityP/E ratioUnitedHealth (NYSE:UNH).16%10ExxonMobil (NYSE:XOM).29%11Philip Morris International (NYSE:PM).100%14Johnson & Johnson.28%13Halliburton (NYSE:HAL).16%19Rio Tinto (NYSE:RTP).18%11Arcelor Mittal (NYSE:MT).17%8PepsiCo.36%17Data: CAPS, Fool.com.Good prices You really don't need 1,000 ways to make $1,000. Time and compounding working together are plenty, and are the foundations of.Still, remember that it's also important to buy at good prices. That's what we look for at. Like Buffett, we're on the hunt for dollar bills selling for $0.50 - and our current depressed market is offering these days. You can even take a free, 30-day guest pass and see all of our current and former recommendations.
To get started - there's no obligation to subscribe.Already subscribe to Inside Value? Log in at the top of.This article was originally published April 17, 2009. It has been updated.Longtime Fool contributor owns shares of Johnson & Johnson, Berkshire Hathaway, and PepsiCo. UnitedHealth Group and Berkshire Hathaway are Motley Fool Stock Advisor and Inside Value picks. Johnson & Johnson and PepsiCo are Income Investor picks. Philip Morris International is a Global Gains selection.
The Fool owns shares of UnitedHealth Group and Berkshire Hathaway. The Motley Fool is.
Our number one goal at DollarSprout is to help readers improve their financial lives, and we regularly partner with companies that share that same vision. Some of the links in this post may be from our partners. Here’s.In a pinch and need a little extra cash? Looking for easy ways to make money from home?You are not alone.In fact, Google logs nearly 250,000,000 (that’s 250 million) searches each year by people just like you.Whether you’re a broke college student who needs a little extra spending cash, or you’re actually an adult now and looking to eliminate credit card debt or increase savings, most of us could benefit from a little more take home pay each month.And whether we choose to acknowledge it or not, our financial situations have an enormous impact on almost every facet of our lives.
The can have devastating effects on our collective mental, social and emotional health.Being short on cash often means being late on a utility bill, foregoing holiday gifts for a loved one, or missing out on activities with friends. Worse yet, some of us continue to spend and rack up debt. Even a few hundred dollars is often the difference between making it till the end of the month, or falling flat on our face.If you feel like you are a part of this group, there is good news — we live in a pretty incredible age. The rise of the Internet makes earning money from home a legitimate option for those of us who could use a little extra cash. From getting paid to do online surveys, to opening an online store, there are hundreds of ways to make money at home.Below, we will share with you the 24 best ways to make money at home in 2019.
24 Best Ways To Make Money from HomeNot all money-making opportunities are created equally. Because of that, this article is broken down into four sections. You can click to jump to a particular section.These items all require little to no effort, and are good for helping you find a few quick financial wins.If you are looking for more meaningful income and want a relatively quick payout, this is the section for you.
The gigs listed in this section can sometimes pay as much as a legit part time job, and there are even cases where people earn a full time income from home.If you are looking to make a quick buck, this is not the section for you. The items listed here will not have you making money from home overnight, but they all have very high ceilings for income growth. If you want to eventually leave your 9 to 5 to work at home instead, one of these might be suitable for you.A catch-all section where we will continually add new ideas as we come across them. 5 Easy Ways to Make Money from Home 1. Take paid online surveys.
What does it pay? $0.50-$3 per survey is normal. Some survey takers make over $100 per month.Best sites: Market research via is a booming industry right now.
Companies all over the world are looking for any competitive edge they can get, and one way they’re doing that is by investing time and money into understanding consumer behavior. What does it pay? What does it pay? It depends on how much — and what — you are able to sell.Best sites: (electronics) (textbooks) (clothes)If you are looking to make money from home, chances are good that there’s a few hundred dollars sitting right in your very own closet. Between clothes, books, shoes, electronics, and all the other stuff we hang on to for too long, there is money to be made by selling the things we no longer use.Aside from the monetary benefits of selling stuff you don’t need anymore, downsizing can also be liberating mentally. That a clean and minimal space can lead to higher levels of happiness. Less stress and a bit of extra money never hurt anyone, right?Here are some of the most popular and getting the best deals:Electronics, DVDs, CDs, Video Games: buys your old CDs, DVDs, games, books, LEGO®, and technology.
Select your technology or scan the barcode on your media items for an instant valuation. Once you accept an offer, Decluttr will send you a free shipping label. All you have to do is pack a box and drop it at your nearest UPS location or schedule a pick-up. Read our.Textbooks:Instead of being at the mercy of your local bookstore to offer you a good deal on your textbooks, BookScouter lets you instantly compare book prices across 44 different vendors. You pick the one that offers the best price and voila. Book sold.Clothing:thredUP makes it easy to sell clothes online.
To sell your items, order a free “Clean Out Bag” on thredUP’s website. Then send in your shoes via FedEx or USPS. Once they arrive, thredUp will inspect your items before listing. Their site says they accept less than 40% of items in the average Clean Out Bag.
Make sure your items are clean, name-brand, less than five years old, and in excellent condition to increase your chances. Depending on the popularity of the clothing items you send in, you will be paid either after processing, or once your items sell. Install a few cell phone apps (or allow ads on your phone).
What does it pay? Most people can expect to make $50-$100 per year.Yes, companies will pay you to install apps (or place ads) on your cell phone and leave them there. These apps often run in the background and track your spending/purchasing habits. If you’re not one to care who knows what groceries you’re buying that week, then this is an easy way to a few extra dollars each year, for free. Here are some of the that we have found:Get paid to (anonymously) share your internet usage –Nielsen (the same company that creates TV show ratings) has a research division that is similar to what survey companies do, which is gather information to help companies better market themselves to customers. Instead of having you take surveys, though, their computer and mobile panel is focused on gathering information pertaining to your “unique internet usage with people like you to build a picture of internet behavior.”What it means: Nielsen will pay you to download their app to any of your eligible devices.
After you’ve installed the app, you will slowly start earning rewards just for using the internet as you normally do. According to their website, Neilsen each month to members.Sell ad space on your phone’s lock screen – (Android only)S’more is straightforward app that rewards you for allowing content and ads to show on your lock screen.How it works: Simply swipe up, down, left or right to unlock your phone.
If you’re interested in what you’re seeing on your lock screen, just tap the “learn more” button. In exchange for allowing S’more to rent your lock screen, the apps awards you points every day. You can redeem those points for gift cards to places like Amazon, Google Play, Starbucks, and more.Other similar lock screen apps:. Screenlift. Slidejoy. Fronto5. Don’t buy anything without first using a cash back app.
What does it pay? It depends on how much you shop. $100-$200 per year is reasonable.Best apps: If you’re going to shop, why not get money for doing it?
Technically you’re not making money, but you’re getting money back (cash back) on purchases you would have made anyways. Best part is, this is on top of any discounts or coupon codes you may already have.There is no reason not to do this — it’s probably the single easiest way to earn extra money at home.
You need an email address to sign up. That’s it.Even if it’s $100-$200 per year, the savings start to add up. And it comes at zero cost to you!Here are some of the most popular cash back apps that DollarSprout readers use everyday:: With over 2,500 stores to choose from, Rakuten (formerly known as Ebates) is a leader in the cash back industry. To date, Rakuten has paid its members over $1 billion in cash back. You can shop directly through Rakuten by visiting the website and choosing your store, or you can install the browser extension in your browser.
Read DollarSprout’s.: This site bills itself as “your personal shopping assistant.” Automatically get cash back, discounts, coupons and deals. Simply install, and start shopping. Your cash back savings are paid out via check, or PayPal deposits. : The rewards app may not be offering a signup bonus currently, but it is one of the on the market. And since each app has its own unique offerings, signing up for more than one will help ensure you get the best deal available.
Read DollarSprout’s. 5 Gigs That Allow You to Earn from Home (Or On Your Own Schedule)Simple survey and cash back apps are great for making money from home, but there is a limit to how much you can realistically expect to earn from them. If you are looking for something that’s going to make a more meaningful dent in your monthly bills, these opportunities might be a better fit. Food delivery gigs. What does it pay?
$8-$25 per hour, depending on factors like location, demand, and efficiency.Best sites: slogan is very straightforward: “Anything, anytime, anywhere. We get it.”Being a courier for Postmates is a great way to earn extra money, especially if you like not having a set “work” schedule. Your tasks include delivering things like groceries, take out food from restaurants, and even alcohol. Even if you don’t have a car, you can use your bike for deliveries (plus you’ll get a nice workout).There are no startup fees or time commitments with Postmates; you can work as much or as little as you’d like. What does it pay? Up to $22 per hour with VIPKID. Most teachers make between $14-$18 per hour.Best sites: In China, there is a pressing need for qualified teachers to teach English to kids via online classes.
One Thousand Ways To Make $1000 Summary
If you have teaching experience, you can now start teaching classes from home. There are several companies specializing in this niche, and they are all eager to onboard fresh new teachers:VIPKIDneeds thousands of teachers to teach English online to kids in China.
While they do require a Bachelors degree, VIPKID does not require that new teachers need to know any foreign language or have formal teaching experience. What does it pay? You set your own hourly rate.
Some people charge up to $50 per hour.Best apps: Wag!Do you love dogs? Is a resource for busy pet owners, and they are always looking for new gig workers. They offer sitting, boarding, and drop-in visits for dogs and cats, as well as doggy daycare and dog walking services.Caretakers set their own schedule, rates, size limitations, and whether they want to watch pets in their homes or those of the pets. All payment is done through Rover, so the only thing to collect in person are the snuggles. Is another pet sitting and dog walking site worth checking out. It’s common for people to sign up for both sites so they have maximum visibility in their area. List an extra room in your house (short term rental).
What does it pay? Depends on your location and what your listing offers. Some are able to cover their mortgage from their Airbnb earnings.Best apps: VRBOHave an extra room in your house? Going on vacation for a week and interested in turning your home into an extra income stream while you are gone?Another great way to is to consider putting a room (or the whole place) on sites like or VRBO.Ultimately, you can make money from your home. It involves very little to no work on your end, and you can get started without any investment. Here’s how making money from home via Airbnb works:by filling out a description, taking and uploading photos, and setting a price. Your listing helps guests get a sense of what your place is like.Then, set the availability and house rules for your listing.
Once your listing is live, guests can book their stay at your home, and you start earning money.To up the “trust” factor for both the host and the guests, Airbnb does require some verification information, including phone numbers. After a visit, everyone gets the chance to write a review. Reviews keep guest accountable for treating hosts and their homes with respect, and helps ensure hosts make their space as welcoming as possible.Sign up to.You can also read our. Rent your car out while you’re not using it. What does it pay? It depends on your location.
Getaround claims their average owner earns $1,000s per year.Best apps: One of our newest tips for how you can make money from home: Let other people use your car when you don’t need it.These two companies are leading the charge in this new market:: The vehicle sharing app lets you post your vehicle and automatically connects you to people in your area who need a ride. Renters can access and book your car straight from the app, so you don’t have to mess around with scheduling to exchange keys.As a Getaround car owner, you get access to premium parking as well as a $50 monthly rental credit. And with $1 million insurance coverage, you can rest assured your property is in good hands.According to Getaround’s estimates, car owners that routinely lend out their car can earn “$1,000s per year actively sharing your parked car”. Considering there is no effort needed by you, it’s a pretty good way to make money. That being said, your car will likely depreciate a bit faster by virtue of lending it out to other people. If you have a big car loan or are underwater on your loan, putting your car on a site like Getaround might not be a great idea.To get started, just and name your car, set the location and availability, and enter a description.Rental earnings accrue on a monthly basis and are paid on the 15 th of the following month.: The coolest part about this app is that it uses an algorithm to set your car’s price based on market value, location, time of year, and other data (to make your listing as competitive and lucrative as possible).
If you prefer, you can manually set your own daily price.Turo pays you via direct deposit within five days. According to their site, you’ll earn “65% to 85% of the trip price, depending on the vehicle protection package you choose. If you have commercial rental insurance to cover you, your car, and your customers and would like to waive vehicle protection provided via Turo, you earn 90% of the trip price.” 6 Full-Fledged Businesses You Can Start from HomeThe items in this section of this list are the heavy hitters. Most of these ideas usually start as a simple side hustle, but they all have unlimited growth potential. If you find something here that you fall in love with, there is nothing stopping your from turning it into a career. Start a blogDid you know that the site you are on right now is considered a blog?DollarSprout is a personal finance blog with articles primarily focused on money topics, but you can start a blog on just about anything.People often have very unique reasons for wanting to start a blog and make money from home. Some blogs, like this one (DollarSprout), are meant to be informative resources for readers.
Other bloggers may opt to share personal sides of their lives. Cons:. Shared hosting may mean slower performance at times. Slower customer support (at times)12. Start a Facebook ads businessThink about how many small businesses are in your city (not giant retailers like Target or Walgreen’s, but local restaurants, dentists, law firms, etc).
Chances are, most of them are not taking advantage of Facebook advertising.These businesses may have a Facebook page, but most aren’t getting anything out of it (i.e., they aren’t getting more customers or sales). That’s where you can come in: the Facebook ads specialist. The best part about this home-based business is that learning the art and skill of Facebook ads isn’t impossible — anyone can pick it up and secure their first client within a month. What do Facebook ads experts do? As you might expect, Facebook ad agencies help businesses get more customers and increase revenue.
Specifically, you would help local small businesses:. Create Facebook ads based on their goals.
Gain exposure to their target market. Manage advertising budgets and ongoing campaignsHow much can a Facebook ads agency earn? This depends on the results you deliver for your clients. Most Facebook ad agencies — and even one man shows — will usually charge a monthly retainer as their “management fee” for managing the ads.It’s industry standard to charge anywhere from $1,000-$2,000 per month per client, and you don’t need previous website or marketing experience to get started. As you bring on more clients and build a reputation in your community for delivering outstanding results, your income can scale up quickly. It only takes a handful of clients to start building a full-time income from home.Bobby Hoyt and Mike Yanda (featured in the video above) are two world-class Facebook marketers who to teach you everything you need to know to get started. Instead of piecing together an education on your own, and wasting a lot of time and money in the process, this course puts everything you need to know in one place.The course helps you quickly master the three phases of building your own work-from-home Facebook ads business:.
Learning how to set up a Facebook ad system for a local business. How to find prospects who will pay you for this service. How to convert those prospects into clientsIf you want to learn more about Bobby and Mike’s backgrounds, and how they’ve built their own Facebook ads business,. Become a freelance writer (or proofreader)Along the same lines as starting your own blog, another one of the best ways to make money from home is writing quality content for viewers.
How much money? To the tune of several hundred dollars for a 3-4 page article.If you’re still reading this article, odds are someone would have paid you over $200 for something of similar (or hopefully better) quality.The better you are at writing, the more your content is worth. Even part-time freelance work can add thousands to your monthly income. Holly Johnson from Club Thrifty makes over $200,000 a year from freelance writing! And she has that teaches others how to do the same. If writing isn’t your thing, do what Caitlin Pyle did:In 2014, Caitlin made over $43,000 by working as a — in her spare time. If you’ve got a knack for spotting typos or naughty grammar, this might be right up your alley.When she wasn’t working, she even had time to go on several fun vacations.
After she had a ton of success doing that, she decided she wanted to teach others how to do the same thing, so she started up.Sign up for one of her to learn more about how to make money from home as a proofreader. Become a virtual assistantIf you’re interested in a career that will allow you to make money from the comfort of your own home, becoming a virtual assistant is a realistic, flexible option that may be suitable for you.Virtual assistants are responsible for helping businesses manage some of their basic day-to-day tasks. Things like posting to social media, managing incoming email, etc. By offloading some of these task to a virtual assistant, a small business owner can put more focus on the bigger picture. If you want to fast-track your learning, there are several reputable courses available online:– This course is taught by Gina Horkey, who started her virtual assistant business in 2014.
Within 6 months of starting, she was making over $4,000 per month.– Kayla Sloan is a well-known virtual assistant who turned her VA work into a 6-figure career, and she recently put together a course teaching others how to do the same.In Kayla’s course, you will:. Learn how to land your first client. Get swipe files for pitching to potential clients. Learn how to set your rates so you get paid what you’re worth. Create a system for efficiency so you can maximize your billable hours.
Join a community of other virtual assistants15. Become a graphic designerWhether we want to admit it or not, most people will judge a book by its cover. It’s human nature.We also subconsciously judge businesses by how they visually present themselves. Graphic design is something that virtually every business needs, but it often gets neglected or is seen as unimportant. That’s where you can come in as a graphic designer.Graphic designers are in charge of bringing to life the visual “feel” of a brand.
Whether it’s, designing a restaurant menu, crafting a logo, or anything else, the work that graphic designers has a large impact on how a customer and the general public feel about a business. On Oct 1, 2019 at 8:53am PDT16. Design and sell t-shirtsEverybody wears t-shirts, which is a trend that probably won’t end any time soon. That means there will always be ways to make money from home in this industry.is a site that allows you to design and sell t-shirts, without paying any money up front for inventory.You basically create your own “store” with different t-shirt designs, and once you hit a certain number of orders, Teespring will create your shirts in one batch and ship them all for you. 8 Other Ways to Make Money from HomeIf you still haven’t found “the one” yet, do not despair. Here are some more ideas for legitimate ways to make money from home: 17. Become a real estate investorAndrew Carnegie famously once said:“Ninety percent of all millionaires become so through owning real estate.
More money has been made in real estate than in all industrial investments combined.”Real estate can be a very profitable investment opportunity, but many people don’t know how or where to start. It’s also common for aspiring real estate investors to be scared off of the idea because of the upfront capital requirements. While it’s true that you do need some money to make money from real estate, technology has made it easier for investors to get up and running without much startup capital.Fundrise ($500 minimum)If you don’t want to deal with the learning curve that comes with hands-on real estate investing, you can start with with.Fundrise allows investors of all types (beginners and experts alike) to invest directly in a real estate portfolio that’s managed by a team of professionals.By using a platform like Fundrise, you don’t have to deal with the headaches of being a landlord and dealing with tenants. With, this is an excellent opportunity to potentially grow your wealth.RoofstockIf you prefer the challenge of buying individual properties yourself, but aren’t quite ready to do it 100% solo, consider looking into a site like Roofstock. Lets you buy properties with as little as 20% down that already have tenants living in them, which means you start getting paid from the first day of your investment. Since everything with Roofstock is still done online, you don’t even have to physically visit the properties!This could be a smart strategy if you live in an area where real estate is outrageously expensive, or you don’t want the hassle and expense of traveling all over the country visiting potential properties. Plus, if you are new to single-family real estate investing, letting a place like Roofstock guide you through the process is a great way to get your feet wet.
Profit off your own weight lossWhat’s one of the best ways to make money from home? How about a service that is healthy for your wallet, and your waistline?is a website that allows you to make a bet on your own weight loss.The idea is simple: If you accomplish your weight loss goal within a given time frame, you win your bet. If you don’t accomplish your weight loss goal, you lose your bet.For example, if you, a $30 monthly bet to lose 20 lbs in 6 months will win you between $200-$529.41.Check out our to learn more. Start investing (no matter how small)If you want to set yourself up for long term financial success, it all starts with the choices you are making with your money today.That means that if you have extra money just sitting idle, either in a checking account or a low yield savings account, you might be better suited to put those funds into something that can grow faster.Depending on your age and how much risk you are willing to take with your investments, you should be netting around 7% growth per year with a balanced portfolio. By moving your money into an online savings account, though, you stand to earn far more on your money. Many online savings accounts today offer somewhere in the neighborhood of 2% APY — about 20 times more than the average.Right now there are several competing banks offering premium rates on high-yield. This is great for the consumer you because they’re in constant competition to see who can offer the best interest rate to lure in new customers.
Invest in fine artWhen the word “investing” is mentioned, most people think of the usual: stocks, bonds, real estate, currencies, etc.As it turns out, there are assets classes beyond these that can give investors additional diversification. One such asset class is fine art.Up until now, it wasn’t possible for most ordinary people to buy famous and original works of art from artists like Picasso, Monet, or Rembrandt.is a new company that is making it possible to buy “shares” in a painting, just as you would buy shares of stock.Here’s how it works:. Masterworks purchases a piece of artwork using their own pool of money. They will then file the art with the SEC.
Once the SEC qualifies the filing, investors can purchase shares. After time, Masterworks sells the art and shares the profit with shareholders22. Rent out things you’re not usingYou know that super nice Nikon DSLR that’s sitting in your closet collecting dust (that you can’t bring yourself to sell because you still use it from time to time)?Or that Trek mountain bike that goes unused for 300 days out of the year that’s just sitting in your garage?We all have something like that just laying around that could help us make money from home through a neat service known as.Think of Fat Lama like Airbnb, except you list everyday items for rent, instead of your house. Some users are earning upwards of $3,000 per month renting out a wide variety of things — from TV’s and high-end sound systems, to simple things like bikes and scooters, you can list just about anything and turn a profit.Better yet, they even offer comprehensive lenders insurance. If an item is lost, damaged and/or for some reason never returned, they’ll cover the full value of the item.
It’s an insanely easy way to passively make money at home and have someone basically pay off your item for you.Renting out items isn’t the only way you can earn, too. New users automatically get a $20 bonus applied to their account and you can an earn an additional $10 for each member that you refer than ends up placing a rental order. This is a good was to while your items to get the use they deserve. Help Google and make money at homeWant to earn $100 per year in rewards for changing nothing about your life?With app, you have the opportunity to install apps that collect information to help Google improve their products. According to the site, users can earn an estimated $100 in rewards each year.It works in essentially the same way as the phone apps that were mentioned earlier. If you don’t mind having Google know what you do on a daily basis (anonymously), you can make money from home by letting them monitor your Internet usage.
They use the information they gather to help them market and increase the functionality of their advertising programs when targeting users that are similar to you. Put your digits to useNot your phone number. Your fingers.You can earn up to $24 per hour simply by transcribing audio to text. Pays speedy typists to make written versions of audio and/or video clips.At up to $.40 per minute, you can rack up some serious cash for those insanely fast typing skills you never thought would come in handy.
Additional Resources (and One Last Recommendation)While there are hundreds of ways to make money at home, that doesn’t mean you need to be doing all of them.Those who tend to find the most success with side hustling find a one or two things they really enjoy, and they stick to them.Here’s how that might look for someone:. James has a job that he unhappy at, and he wants to eventually start his own business (from home). James loves surfing, and decides he wants to start a blog about surfing. Every morning before work, James gets up at 5 A.M. To work on his new blog.
Some nights after work, he delivers for Postmates to earn a little more. After 16 months, his surfing blog is starting to earn a respectable income and his savings are starting to build up. James decides it’s time quit his job and go all-in on his blogThis is a simple example, but it goes to show how someone can leverage multiple side hustles to eventually accomplish their end goal — whatever that may be.But, if James didn’t truly enjoy the work he was doing on his surfing blog, he would have never stuck around long enough to make it to that point.
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He would have quit after a few weeks (or less!).So, find something you’re passionate about doing. If you’re going to be doing something to make money at home on top of your 9-5, when you’re already tired from a day’s work, it should be something you really enjoy.And that’s it. With some hustle and dedication, you can figure out how to make money at home. Many people reading this can add an additional $1,000 in income to their take-home pay each month — you just have to go out and make it happen!Additional DollarSprout resources:»»»».
A personal finance nerd and entrepreneur at heart, I'm here to bring you all the latest cool ways to make and save extra money. I've been quoted in several online publications, including Entrepreneur, NBC News, GoBankingRates, Student Loan Hero, Business.com, Credit Karma, The Simple Dollar, US News & World Report, Lifehacker, MSN Money, Moneyish, Zumper, IdeaMensch, Discover Bank, PrimeRates, Credit.com, Yahoo! Finance, Club Thrifty, Guru Focus, Rent Track, Fit Small Business, Coupon Chief, and more. Hey Paige,That’s such a hard question!
My biggest piece of advice to anyone is don’t gamble with money you can’t afford to lose 🙂 It’s okay to have fun – set a budget for what you think is a responsible entertainment budget and don’t exceed it!As far as Poker goes (at least for Texas Hold’em), I’d recommend sitting at a low stakes table (1/2 no-limit is the lowest most places have) and merely being observant/make casual conversation at the table for a while until you feel comfortable. If you’ve never played, just tell the dealer and they’ll be happy to help you out (most players will notice if you haven’t played before anyways so you’re not really at a loss there). Just play “tight” (a small range of strong starting hands) and that’s a pretty good place to start!Sorry if this is all to rudimentary of an explanation for you – tough to know where your game is at from here 🙂Good luck, have fun and be smart!Ben. LuisHi Ben,These ideas all sound great! My question is this: how did you figure out that you loved TexasHoldEm? I don’t understand your point about “doing what you love” because all these sound like work, no matter how you slice it.For example, I love singing karaoke, but how can I turn that passion into money?
I am jealous of your success. I feel like I’m in a financial bottomless pit and will never make it out. I’ll always be broke because I can’t find any way out.Sorry. Thank you for your article.Luis. JohnNice writing style Ben. I’m finding out very quickly that to make any money writing, you have to read, read, and then read some more, no matter how smart you feel you are on a subject, before writing your first sentence.
I have always been a fan of multiple income streams and am thrilled by the ideas of proofreading, editing, blogging, freelancing and transcribing. Having spent one of my careers doing just that for a large corporation, it’s a perfect fit, but now I can get credit for my work, thanks again for a great article. Under no circumstances should any information from this blog be used as replacement for professional financial advice.
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