Getting your own home is a huge tick on life’s to-do list. It ranks up there with getting married and having kids, but not everyone has the financial freedom to do it. Once you do own your house, you will be saddled with a mortgage which is likely to last until you are much older. Instead of waiting, you can get it paid off by taking on a side job or two. Here are some examples.
Buy and sell
If you are smart enough to know a bargain, you can make a lot of spare cash by buying and selling. Depending on what you want to specialise in, you could shop on online auction sites, at thrift stores, or at antiques dealerships. You can also visit house sales where the contents are being auctioned off, and so on. You can then sell the items – probably online – for a much higher price. This takes practice, but if you are already knowledgeable about clothes or antiques or so forth, you could definitely turn a good profit.
Join the sharing economy
There are lots of side gigs available thanks to the sharing economy. This is where you use your skills or possessions to help others who need them, for a price. You could try being a courier at Zoom2U if you have a vehicle you can drive. If you have a spare room in your house, you could rent it out with Airbnb or a similar company. There are lots of ways to share what you have with others and make a profit while doing it. Just think about what you have that you aren’t using all the time, and find a way to monetise it.
Open an online store
If you have something you can do, as a particular talent, open up an online store and sell it. This could literally be anything. You might be able to make dog collars, sew clothing, paint, take stock pictures, make jewellery, write product descriptions, and so on. You don’t have to go through the hassle of setting up your own website if that sounds daunting. Just use one of the sites that are already available for this kind of selling – such as Etsy, Fiverr, Redbubble, and so on. This will help you to make a passive income from your prints, or actively make products for sale.
Write a book
Statistics suggest that most people believe they would be able to write a book. So why haven’t you done it yet? There are plenty of guides around for how to get started and market your book, and you can self-publish on Amazon very easily. Once your book is out and the word starts to spread, you can rely on passive income from it. You can use it to drive customers to another side gig or your main line of work, or you could continue writing more books in the same vein to increase your sales. Once customers turn into fans, they will want to read everything that you write in order to follow your work. This is the kind of side gig that could easily become your main occupation if you do it well!
It’s not easy to run a side job at the same time as your day job, but your dedication will definitely pay off. You will become much more financially free when your mortgage is paid off, and you could use your side job to clear any other existing debt that you may have. Problem solved – and you will be much happier for it.