Life can be unpredictable and stressful at times, especially when it comes to your finances. All it takes is an unexpected bill and BOOM, your savings are completely wiped out.
This is why I ALWAYS suggested having an Emergency fund. An Emergency Fund is a stash of cash set aside in case you lose your job, your earnings decrease, you receive unexpected medical bills or if your health affects your ability to work.
In a Federal Survey, 44% of people said that they would need to borrow money or sell something to cover a $400 emergency expense.
To determine individuals’ preparedness for a smaller scale financial disruption, respondents are asked how they would pay for a hypothetical emergency expense that would cost $400. This amount reflects the type of expense that one may experience from an unexpected car repair, appliance replacement, or medical bill. Just over half (56 percent) report that they could fairly easily handle such an expense, paying for it entirely using cash, money currently in their checking/savings account, or on a credit card that they would pay in full at their next statement (collectively referred to here as “cash or its functional equivalent”). The remaining 44 percent indicate that such an expense would be more challenging to handle and that they either could not pay the expense or would borrow or sell something to do so
The solution to this is to have an Emergency Fund.
So before you take out a high interest credit card/loan or start pawning off your belongings, why not consider starting a side hustle. START NOW, before things get nasty and your back is to a wall.
51 Lucrative Side Hustles You Can Start Today
- Invest in cryptocurrency and draw down 10% of your monthly gains
- Become an Uber Driver
- Become a Airbnb Host
- Become a Delivery Driver
- Complete Online Surveys
- Become a Blogger
- Become a Vlogger
- Become a Babysitter
- Become an Online Teacher in Your Specialist Subject
- Create a Course (Udemy)
- Sell on Amazon
- Sell on eBay.
Go through your closet and go through all your wanted clothes, shoes, handbags, kids old toys and list them on eBay. You be surprised how much untapped money you have at the bottom of your closet.
- Sell on Etsy
- Sell Your Services on Fiverr
- Become a Virtual Assistant
- Become a Proofreader
- Write Copyright
- Become a Real Estate Investor
- Set up a Podcast
- Sell Your Services on Upwork
- Wash Your Neighbours Cars
- Become a Cleaner
- Repair Your Neighbours and Local Businesses Computers
- Become a Life Coach
- Become a Dog Walker
- Become a Local Handyman
- Become the Human Billboard
- Become an Interior Decorator
- Become a Model
- Be an extra in a TV Show
- Become a Mystery Shopper
- Become a Pet Sitter
- Become a House Sitter.
This combines travel and saving money.
- Become a Photographer
- Become a Meditation Teacher
- Become a Window Cleaner
- Become a local tour guide, film your experiences and upload onto YouTube
- Teach English over Skype
- Teach a Language
Can you speak more than one language? There are people out there dying to learn another language, so why not utilise your talent. People WILL pay money for this information.
- Recycle old Electronics
- Manage Social Media For Local Businesses
- Be an Affiliate Marketer
- Write an eBook.
It is SO easy to get your work published nowadays … and that with Kindle Publishing.
- Create YouTube Tutorials.
You can also link this with the affiliate marketing strategy.
- Become a Personal Shopper.
Do you love fashion and making people look beautiful? Then use your creative eye and become a Personal Shopper. You can work out deals with your local boutiques for a percentage of the profit from each sale.
- Offer to Write People’s Resumes.
- Become a Baker
- Private Label Products
- Multi Level Marketing (MLM)
2 Random & Bizarre Extra Lucrative Ways To Create A Side Hustle: