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January is in full flow and often this is the tightest month of the year when it comes to money. Many people have a focus on their finances during this month, and with resolutions in full force, you may be considering some options on how you can boost your income this year or certainly find yourself in a better financial position come to the end of the year.
Of course, some of you may have already considered some of the more popular side hustles and money making options you can do such as decluttering your home and selling online or filling out surveys in your spare time. However, I thought it would be a good idea to share with you some of the ideas you may not have thought about or considered. Perhaps it will provide you with some inspiration to consider other options.
Property is one of the biggest ways you can make a serious amount of cash, and renovating them can only boost your chances of increasing the value. So if you find yourself in your home with a long list of jobs that need doing make this the year you do it and then sell your home and move onto the next project. The cash influx could help you move forward with your life plans far quicker.
Buying property and renting out
Maybe you want to buy an additional property and rent it out, which again can be very lucrative in today’s property market. You could buy a house that’s perfect for rental, or even look at land for sale and consider building your own house of development. I get that this can be quite the investment, but it could pay off in the future with some serious cash bonuses.
Maybe you have a skill that you want to earn money from, so going freelance in your spare time on taking on projects over the weekend or when you aren’t committed to your full-time job could be the answer. It might be writing, developing websites or even looking after local businesses social media platforms. There are websites online that advertise potential jobs, or you could even set up social media pages advertising your services.
Starring as an extra in film or TV
Ever wanted to be on the big screen? Then maybe this is your year. While you may not be the next leading male or female in a big blockbuster, you could be starring as an extra on the big or small screen. Extras get paid a daily rate, and if you have the time to do it, the extra money could come in handy.
Going on a game show
Finally, on the subject of TV game shows are always looking for contestants and the opportunities to earn big is not to be turned down. While you may not get paid for featuring on the show, often travel expenses are paid for, and the opportunity to win big could be just the ticket for a cash injection this year.
I hope that this has inspired you to consider some other options to make money this year.