3 Ways to Increase Your Income

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

  1. Ashley Goldsby says:

    Great suggestions!! Definitely looking into creating an ebook. What are thoughts about renting space if you have kids?

    • Kendra Barnes says:

      Hey! It depends on the type of space you’re renting and what kind of renter you’re looking for. If you are renting out a room in your home or your basement, you may want to find a renter that isn’t sensitive to a lot of noise. I have a little one and I know how noisy they can be 🙂
      You may want to consider short term rentals if you have kids so there’s more flexibility.

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