Finances in 2021: Three ways to make a bit of cash on the side
4 January 2021
Excluding the world’s fortune heirs and millionaires, almost everyone has to work to get by. Often, the reality is that one job might not cover all expenses, especially nowadays when for many work is thin on the ground. Even those lucky enough to be making ends meet might want a little more cash to put towards some of the finer things in life, and this is where having a side gig can come in handy. Done correctly, it’s possible to make piles of extra cash to put towards little (or even big!) luxuries. Here are some ways to earn some money on the side.
Getting involved in playing competitive games online is a great way to make some extra cash while also having fun. With competitions and tournaments in all areas, from esports to brain games, with or without friends, it’s possible to turn a lazy Sunday afternoon into a profitable day.
There are plenty of websites out there – including sites like gamblingguy.com and LeagueGaming.com – each providing different incentives and bonuses for using them. Players need to find what works best for them, their needs and abilities, and it’s paramount to do appropriate research before participating. It’s also a good idea to practise in advance – after all, practice makes perfect, and today’s preparation determines tomorrow’s achievement.
Another great way to make some side income is to look into day trading. Day trading can be a little stressful at first, but with enough time and experience, those in the know can understand how the stock market works and how to use it to their own benefit. Day traders have to constantly pay attention to what is going on in the markets, so for those after a more passive profit stream this might not be a good option.
The big tip with day trading is to look for small guaranteed profits. People will often aim for massive gains, but that will most likely result in situations that cause them to lose money. Continuous small gains are better than one huge one followed by a series of failures, so it’s important to know when to cut losses, as well as sell stocks.
Finally, freelancing can be a great earner, where skills and abilities are loaned to companies that need them. The great thing for freelancers is that they often set their own schedules and hours, allowing them to be busy as much or as little as they want. Working this way also enables independent negotiation of rates with employers, so freelancers are paid fairly for their efforts. There are endless different freelancing opportunities out there, whether for writers, designers or anything else, and it’s not difficult to find jobs to fit.
These are just some of the great ways to make extra money, and a little poke about on the Internet will dig up even more. The key is to find something on the side that’s enjoyable, so that working more than one job isn’t hard. Once having multiple income streams becomes a habit, it’s easy to make a tonne of spare money to spend on just about any dream, big or small.
The editorial unit