Whether you’re trying to save for something special or dealing with a difficult financial situation, there is always a good reason to make more money and boost your income. However, that doesn’t necessarily mean that you have the time, energy, or motivation to work any more hours than you already do. Thankfully, there are plenty of ways you can make some extra cash without the extra effort. Here are eight popular methods to flip your work to earnings ratio on its head and make some more money.
1. Open A Better Bank Account
One of the easiest ways to boost your income is switching bank accounts. If you’re anything like most people, then your current savings account interest rate is far from the best, but that doesn’t mean that you have to settle for it. By taking ten minutes out of your day and moving to a bank account with a decent interest rate, you can easily earn several hundred dollars more each year. Of course, this won’t appear overnight, but it will make things a little easier in the long run.
2. Opt For Less Desirable Shifts
You may not want to work any more hours than you already do, but that doesn’t mean that you have to stick with the shifts you’ve got. Most companies offer financial incentives and rewards to employees working shifts they deem undesirable. These include overnights, weekends, and public holidays. If you were to switch over to one of these less desirable work patterns, you could earn significantly more than you already do, even though you still have the exact same job.
3. Drive Around In A Billboard
The long commutes to work each morning may seem like a huge waste of time, but there is a way you can make these tiresome journeys completely worth it. Depending on your car and how long you drive for each day, you could use your vehicle as advertising space for companies and businesses. This can seem a little tacky, and sometimes even embarrassing, but considering just how much you can earn, without any effort whatsoever, it’s worth thinking about.
4. Sell Your Body To Science
When most people imagine selling their bodies to science, they think about the various organs you can buy on the black market. Thankfully, the reality is a whole lot different. While some procedures, like sperm and feces donation, can earn you some pocket money, egg donors and those partaking in sleep studies can easily make thousands. Of course, there are requirements and restrictions, but, if you were to be accepted, the rewards are much greater than the work.
5. Set Up An Online Store
Crafty hobbies, like painting and knitting, offer plenty of fun and stress relief, but what most people don’t realize is how easy it is to make money from them too. There are plenty of places that you could sell your creations, from online stores, like Etsy, to local craft fairs and car boot sales. Selling your products online is probably the easiest way to go, as you’d only need to post them to your customers, rather than manning a stall every weekend.
6. Rent Out Your Spare Space
When you have a spare room in your house, it can be tempting to turn it into a games room, guest bedroom, or even just storage. Unfortunately, none of these ideas are going to make you any money. Instead, you should consider renting out your space on a short-term rental platform, like Airbnb. The room will need to be cleaned and kept in good condition, but, other than this, there’s no real work you need to do.
7. Invest In Local Real Estate
Of course, you might not like the idea of having strangers staying in your home, in which case, you could invest in real estate and have them sleep in another one. Unfortunately, this investment opportunity is far from cheap, but, if you have the money spare, you could gain a steady income with very little effort whatsoever. All you’d need to do is hire a property management company to do all the work.
8. Use Cashback And Reward Cards
Every time you visit a store or restaurant, make sure that you check to see whether or not they offer some sort of reward card or loyalty programme. These days, most of them do. All you’d need to do is present your card every time you shop, and you’ll receive points, which you should be able to exchange for a discount, freebie, or another reward. You may even get the odd surprise throughout the year. This will save you some cash and inevitably boost your income.
If you want to make more money without working any more hours, then consider the methods listed above.