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Stressed About Money? Get Supplemental Income

09.19.16 Adding Money to Income

Stressed About Money? Get Supplemental Income

Posted by Payroll Data Processing in Blog Sep 19 2016

Do you ever look at the social media posts about your friend’s money problems or those funny jokes about saving money? Well it is important for some people. In fact in the US alone the number one stressor for most people is money. The American Psychological Assocation (APA) released a survey about the types of stress triggers that people often face. The biggest thing that stressed most Americans is their money. It can stem from spending habits to payments that need to be made, to even those fees and charges that can add up overtime.

Money is the most important thing for most Amercians. From low-income to upper-class, money is how much you have and how much you can afford to live on. However, for those with full-time jobs, there are some benefits of which a supplemental income might help out with saving more money or earning more money on top of your paycheck. It sounds like adding too much stress to your stress of a full-time job, but there are benefits for making more money and it doesn’t always mean go out and find a job as an Uber driver.

If you have debt and it keeps piling up or you need some extra cash to pay for a car repair, you can easily start a service business without networking or an online presence. Start out with those closest to you, like friends and family and see if they are willing to try your service. If it proves to be a successful run, then you can easily ask them to start spreading the word to their own networks. Make some cards or flyers at home that can be passed around. Provide email and phone contact information and what times you are available. You can easily make a little extra money and work up to $1,000 easy with some of these simple steps in mind.

Sometimes investing in real estate can be tricky. But buying a house, condo, apartment, or something like a warehouse to rent out to people who need a place can be beneficial to adding more income overtime. The key to managing property and real estate is making sure you work with the best property managers in mind. There are companies out there who can help you with rental properties and finding the right tennants. Commercial real estate can also be beneficial than working with a large down payment. There are websites that can help you find commercial real estate or property management companies that can take care of the expense and tennant work and give you income to help with those large payments on your end.

Online resources are also a great way to manage the extra income you need. Video courses, bootcamps, and ebooks are just some of the ways in which you can earn more income. If you have other ways of working with online resources then look into those and see if whether or not you can make more money from those other online areas.

Amazon is the biggest company with the largest shipping and retail consumers. If you are selling a product or advertising a brand of clothing or resource in mind, make a habit of selling your wares on Amazon’s retail and wait for the consumers to come browsing for you. There is no guesswork and gimmicks, you just need to brand your product and sell it to the largest growing online retailer and let the money come running in.

Renting out equipment is another way to make some extra bucks. You can rent out your car for carpooling, rent out your bikes, camera equipment, anything that people need to use. Airbnb is another way to make money renting out your house to people for vacation experiences, or if you are concerned with the people you are renting your house to, a simple bedroom in your home will suffice.

Another way to make money is to host an event. There are apps and websites that can help you launch a successful event. You can charge admission or you can charge the amount of money you want to a well-known speaker that won’t break the bank. If you have a birthday party you want to make an exclusive event, you can use these resources to your own preferred needs and watch the money come back into your wallet.

If you have a hobby you enjoy doing and think of giving back to the community, then you can invest in getting certifications or licenses for the types of things you enjoy. If you want to be a piano teacher or a choral instructor out of your own home, then go ahead and work towards that interest if you think it is worth the extra income and effort to have someone else enjoy what you love doing too.

Money is always a tight-fitting problem. But there are other ways to help you stay on top of budget or out of debt.