When buying a home or rental, you should have AT LEAST 3 months of living expenses saved up first. That can be tough if you’re solely depending on earned income from your job. You have to increase your income outside of your 9-5.
Here are 3 ways:
1) If you have a 2nd car that just sits in the driveway unused, rent it out on Turo (it’s like aribnb for car rentals) Just renting your car out 2 days per week, you could earn an extra $400+/month (varies depending on location + car type)
2) What’s one thing that people are always asking you questions about? Recipes? Fitness? Fashion? Write an ebook sharing your expertise and sell it on gumroad. A $20 ebook x 50 copies sold per month = $1,000/month (minus fees)
3) Do you have a spare room or basement? You don’t have to rent it overnight on airbnb. You can rent it by the hour to creatives who need a space for photo shoots using sites like Peerspace just a few hours a week could earn you an extra $500 or more.
When it comes to increasing income, think outside of the box. There are so many ways to make $$$.
Your income at your 9-5 is capped, but you have limitless earning potential at your fingertips. #NoExcuses2020