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How to Make Money in Unusual Ways

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Published
03/15/2021

Making some extra money, or even replacing an unloved job with one that you enjoy much more, is always something to look out for. Spotting these opportunities means that you can change your life for the better, and whether you want more cash so that you can go on vacation, pay off debts, or save up for a big purchase, finding unusual ways to make that money can make a big difference to your life. 

You'd be surprised at what things can become a full-time job. Guess what? One of the best resources for inspiration is also easily accessible—you! Have you considered turning your hobbies or interests into a career? This can get a little tricky because the IRS has several complex rules regarding hobbies and income, but it's nothing that can't be handled with a little research and a good online tax calculator. Read on to discover some of those unusual money-making options and see what you might like to try out for yourself.

 

Become a Landlord

There is certainly money to be made in real estate, and if you put in the right amount of research or have an expert to guide you, then buying a property to then rent out to tenants is a good way to make some extra money. Plus, once your mortgage is paid off, you can sell the property and enjoy the money you make as a means to a great retirement.

The more properties you have, the less risky the prospect of being a landlord is, and this is something to remember; landlords don’t always make money (you need to have tenants who are paying the rent to ensure that happens), and property prices can go down as well as up. Plus, you’ll need a substantial down payment right at the start.

However, if you can manage all of these challenges, being a landlord could well be an ideal side job to take on. You can buy properties in the same city you’re in, or you can reach out to property experts overseas, such as Uganda Property Centre, in areas that have a thriving rental market; this can cost you a lot less. Research both options so that you’re sure you’re making the right choice. 

 

Sell Your Old Stuff

If you’re entirely honest with yourself and you take a good look around your home, you’re sure to find a lot of ‘stuff’ that you no longer want or need. Since decluttering is so good for your peace of mind and it will lead to a much tidier, cleaner, more comfortable house, it makes sense to gather everything together to remove it.

Don’t just throw it out with the trash, though. You can sell it all and make some extra money. Either hold a garage sale or sell the items online (bear in mind there will usually be fees and postage costs to consider with this option, so make sure you factor that into your price), and you’ll not only have a decluttered home, but you’ll have some money too. If you have anything that you think might be an antique or a collector’s item, just ensure that you have it valued by a professional; it might be worth more than you think.

 

Write an eBook

There are many different ways to self-publish a book these days, and eBooks are extremely popular. The key is to write what people are interested in, and ideally, it should be a ‘how to’ or guide style book rather than a novel. Novels might be fun to write, but they don’t make the same kind of money (potentially) as non-fiction books do.

If you’re an expert at something, then it shouldn’t take too long to write a short eBook that people can download and use to help them in whatever area it is you’re writing about, from starting a business to dog grooming to accounting or anything else.

Of course, the book will need to be thoroughly proofread and edited, and it must be interesting to read. If you can do this, why not try it?

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