Part of your growth and independence requires that you own your wallet and get in the driving seat of your how your income is spend. A major part of this part of adulting is not only keeping tabs on how the money you earn is spent but also you have control on how much income you are generating.
This post presents top life hacks to make extra money. These life hacks will help you increase your income and get onto a better grip and grasp of your finances.
If you’re looking for ways to make money on the side, these side hustle ideas might come in handy. From making money by selling unwanted items to finding new ways to recycle old things, there are many options available.
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Top Life Hacks to Make Extra Cash
Sell Your Stuff Online
Selling your stuff online is one of the easiest ways to make some extra cash. You can sell anything from books to clothes to electronics to furniture. There are even websites where you can sell your old gadgets.
Rent Out Your Space
If you live in an area with lots of people who need a place to stay, consider renting out your spare room or apartment. This can be a good side hustle because you can charge more than what you would pay for rent.
Start an Etsy Shop
You can start an online store by selling items through sites like Etsy.com. It’s easy to set up an account and sell your own handmade goods.
Become a Virtual Assistant
If you’re looking for ways to make money fast, consider becoming a virtual assistant. This job involves helping businesses with administrative tasks such as scheduling appointments, answering emails, and managing social media accounts.
Work From Home as a Freelance Writer
You can also work at home as a freelance writer. There are several websites where you can find clients who need writing services. Many companies hire freelancers to write articles, blog posts, press releases, white papers, and more.
More Life Hacks
There are additional life hacks for earning extra money. These include renting out your stuff, investing in stocks, and using Rakuten to earn gift cards. You can also ask your boss for a raise. Whether you’re a new college grad, a stay-at-home parent, or someone who just wants to supplement their income, there are a variety of options available to you.
Renting Out Your Stuff
Renting out your stuff is a great way to make extra money and earn passive income. You can rent out items you no longer use for a minimal commission. It’s also a great idea for people who go out of town or don’t use certain items often. In addition to generating extra income, renting out your stuff will also help you build strong relationships with other people.
There are countless options available to rent out your stuff. You can use platforms like Airbnb and FriendWithA to find rental opportunities. You can rent out almost anything, from bicycles to projector screens, and earn extra cash. These platforms are easy to use and safe to use.
Investing In Stocks
While investing in stocks may seem like a dangerous proposition, it’s a great way to make extra money. In fact, Warren Buffet says that you should hold onto your stock investments for at least ten years. Investing is a lot like training for a marathon. You can’t start running a week before the big race, and you need to be willing to endure setbacks.
Investing is a great way to build wealth and fund your retirement. It can also help you get out of a financial bind. It can also increase your purchasing power over time, so it’s a good idea for people who have recently sold their houses.
Using Rakuten To Earn Gift Cards
One of the ways to earn gift cards is by using your Rakuten credit card. You can earn 3x points when you use your credit card to pay for Rakuten purchases. You can also earn up to 2% cashback from Rakuten purchases.
These are not particularly high cashback rates compared to other sources, but they are still a decent rate. Moreover, your cashback will be earned as Membership Rewards, which are worth much more than cash.
You can use Rakuten to earn gift cards by shopping at participating online stores. The site offers cash back on your purchases and is linked with many major retailers. This cash back is equivalent to $5 for every $100 spent.
To start earning gift cards, you need to register as a Rakuten member. You can do this by signing up with the site and using your referral link.
Once you’ve signed up, you can use the Rakuten app to link your debit or credit card. Then, whenever you shop at a participating store, you’ll receive push notifications about deals and discounts.
You can even select to receive geo-push notifications from Rakuten when you’re nearby a physical store. The cash back will be deposited to your Rakuten account when the store confirms the purchase.
You can redeem your rewards through either PayPal or by mail. If you have a PayPal account, you’ll need to link it to your Rakuten account. After that, you’ll receive an email when you reach a minimum threshold of $5, $10, or $20. This is a great way to buy gifts and get free money.
Another good way to earn gift cards on Rakuten is by sharing your referral link with friends. You’ll earn a referral bonus for every $25 that a friend spends with Rakuten. If you refer at least two friends, you can earn a bonus of up to 50%!
Rakuten offers cash back on some purchases, but you’ll have to read the fine print before making any purchases. Some stores offer better cash back deals than others. Some stores offer cash back as much as 6%. Most of these stores also triple their cash back offers on Black Friday.
Asking For A Raise
If you’re looking for a raise, you need to know how to approach your boss. It’s important to be confident and ask for a raise at the right time.
Make sure to use strong language to make your case. Using weak language will water down your argument. Be specific about your contribution and why you deserve more money. You also need to strike a balance between confidence and arrogance.
Before approaching your manager, consider your career goals and how a raise would benefit you and your employer. If your boss sees you as a high-quality employee, a raise may not be out of the question.
For example, a raise might mean a shorter application process or less turnover. Or a promotion could mean a more client-focused approach.
If your boss doesn’t approve the raise, take time to figure out why. This will not only be helpful for the conversation, but will also show your boss that you’re mature. When you’re asking for a raise, be sure to prepare a handout to help you make your case. Even if your boss says no, don’t let your emotional response turn the conversation around. It’s important to remain calm and show your boss that you’re willing to handle it.
When asking for a raise, it’s best to go face-to-face. Although asking for a raise by email is lower-stress, it’s still better to meet with your manager in person. Most managers will respect your request more if you personally come into their office.
Depending on your company’s policy, some companies are likely to discuss raise requests only during specific times of the year. Make sure your manager knows about your accomplishments, so that he or she can make an informed decision about whether to give you a raise. It’s also important to note whether your manager expects raise requests from their employees.
The first step in asking for a raise is building a strong network of supporters. A strong network of supporters can prove invaluable in showing the value of your work. They can also act as references when you need to ask for a raise, so they can send you an affirmative note.
Final Thoughts
There are plenty plus life hacks for making extra cash. In addition to what we have listed above you can consider the following:
- Tutor online,
- Become a user experience tester,
- Take surveys,
- Get cash back from apps,
- Teach English Online,
- Get paid for your creative skills,
- Become an influencer,
- Become a social media manager,
- Get paid for your photos,
- Drive for Uber or Lyft,
- Become a food delivery driver,
- Deliver groceries, Take up babysitting, etc.
There are many reasons many people are working a side job these days, renting out things, or selling unneeded items to get additional money. Getting a side hustle is a great way to increase your income and explore new interests.
It’s time to start working toward your financial objectives and to find ways to make extra money at home, online, or on the side. By the way, none of the hacks we share are shady ways of making money. They are all legal and legit ways to do it. All the best.