Bad Economy? Top Ways to Make More Money

We are all suffering in this economy right now, and there are so many reasons that you’d want to save as much money as possible.

Whether you’re looking to buy a house or you want to start an emergency fund, in case any of the wars that are going on in the world seem to seep into our reality, there are plenty of reasons to save some cash.

It doesn’t matter what the savings goal is that you have. 

If you’re looking to save some money in a rubbish economy then you need to know as many ways as possible to make more.

It’s not always easy just to save money on the budget that you currently have, but if you are making more money, you can use that cash to put straight into a savings account.

The good news is that we have access to the Internet no matter what, so you have the ability to be able to make more cash should you want to.

You don’t necessarily need a full second job, but even something as simple as selling your car and swapping it for a bike could do the trick.

Let’s take a look at some of these side hustles that can help you to generate some extra dough for your savings account when you need it. 

Bad Economy? Top Ways to Make More Money

Rent out a room

Whether it’s a spare bedroom or just a spare study space in your house, you can rent out a room and start earning money on that.

Sharing your space and sharing the economy are two things that are going hand in hand with the birth of Uber and Airbnb right now.

So if you do have a spare room, you could rent the space.

If you have a car spot in the front of your house, you could rent out the parking space to others who need it.

If you have a storage cage or a garage that you don’t use, you can rent it out to others who would use it instead.

Any of these that are being underused can be used to earn you some money as you need it.

Write a book

You may think it’s impossible to write a book because nobody’s going to want to read it, but that’s not the case.

E-books don’t necessarily have to be fiction.

You can write a book on something that you understand, such as what you do for a living or what you do in your spare time, such as sewing hobby.

Publishing an ebook can turn you into a success story.

So while you can’t really count on making a killing and a prophet, you can still create something that others would benefit from.

Become a health coach

If you love to get healthy and you like to look after your own health, there’s every chance that the wisdom that you’ve gathered over the years can be imparted to other people.

You might see influencers on social media being personal trainers and health gurus, and there’s nothing stopping you from being one of them.

Whether you are helping others with a half an hour yoga session at the park or you create your very own personal military-style assault course in your back garden, you could become your own personal trainer.

You just have to make sure that you have the certifications to do it.

Don’t forget some public liability insurance as well, because you might need insurance in case of an injury.

Start writing CVS and resumes

If you like to write your own resume or you’ve worked in the recruitment business for a while, you could start your own side hustle and be self-employed as somebody who reads over resumes for others.

Writing a resume may come naturally to you, but for others it could be a complete pain.

When you put your skills out there for the world to see, you’ll be able to generate more income and help others at the same time, which is often one of the things that people like to do. 

Image source: Pexels

Start freelancing

Do you have a skill that you know that you could sell?

Are you able to write like a wizard dictating notes for other people?

No matter what, you can sell the skill that you have and you can freelance to do it so that you are in control of your income.

Of course the upside here is that you’ll be the one earning all of the money and therefore able to keep it for what you want.

But you need to consider that it is quite a saturated market out there depending on what your industry is.

So you need to look into it and do your research before you get started.

Consider writing a blog

It might be time to start a blog if you’ve got the itch to go big.

It’s not really for those who are easily intimidated, of course, because there seems to be a blog for everything by everybody out there, but that doesn’t mean you can’t be a part of it.

If you have a passion project or you have subject knowledge that you know would be valuable, starting your own blog is just a good decision to make.

You can still make money from advertising fees and affiliate marketing, and this is a great way to ensure that you are going to be getting exactly what you need. 

Start investing your money

Speaking to our financial advisor, you should be able to start investing your money and you can start as big or small as you want.

Whether you’re investing in real estate or you’re choosing to invest in the stock market, get some financial advice before you get going, just in case you need some expert help to make sure that you get this right.

There are so many platforms out there in which you can start investing money, but it shouldn’t take you too much to get going.

Open your own store

If you are looking to get rid of some older clothes that you no longer wear, then opening your own store and selling them online could be exactly what you need.

You need extra cash and you need the space to get some new clothes.

So when you choose to invest in new clothes, you can do so with the money by selling the old ones.

This could also lead to quite a profitable little business for you, which is always going to be very well received.

Start looking to become a virtual assistant

Given the breadth and scope of remote work right now, you could become a virtual assistant for somebody else by advertising yourself on websites such as Fiverr.

If you are organized and productive and diligent, then you might be able to organize yourself to organize someone else.

Virtual assistance is exactly what you need to become for that!

From transcription to accounting, digital filing to answering the phone, virtual assistants cover everything a regular assistant would do if they just do it away from the office.

You might not think you have the time for a second job, but not all money making processes involve you having to gain a second employer.

Consider the economy and the cost of living right now, and then consider where your skills fit.

If you have a skill that you can sell, you should go ahead and do it, because at least you’ll be selling something that you love.