A while back we ran a series on this site where we looked at a variety of ways that you can create extra income for your family. Creating a side income is a great way to get ahead and dump debt faster, work towards maxing out that Roth IRA or 401(k), or to just build up that emergency fund. Having secondary sources of income has been a huge godsend for our family, and I believe it can be for yours as well.
Today I thought we could look back at some of the posts we've done in the past couple of years that involved creating side income, including posts from our “Ways To Make Extra Money” series. Have your own posts about how to make extra income? Leave a link in the comments and I'll try to make sure it gets approved.
- Ways To Make Extra Money Series: Guide To Diversifying Your Sources Of Income
- Ways To Make Extra Money Series: 5 More Great Ideas For Creating Extra Income
- Ways To Make Extra Money Series: 5 Simple Ways to Create Income
- Ways To Make Extra Money Series: 5 More Ideas To Create Extra Income
- Ways To Make Extra Money Series: 50 Ways To Make Money And Increase Income
Here are a few more posts that we've written on the topic of making extra money:
- Making Money With Cash Crate – A Step By Step Guide
- 5 Ways To Make Some Extra Money
- Make Extra Money By Doing Graphic Design Work On The Side
- Ways To Make Extra Income: How To Create And Sell An Ebook On Your WordPress Site
- How To Increase Your Income Without A Raise
- Making Side Income Can Help Blunt The Impact Of Becoming A One Income Family
Reader Ideas for Creating More Income
Today I thought I would wrap things up with a few more ideas brought to us by our readers in the comments, as well as suggestions given on Twitter. If you want to add your own – as always – add your suggestions to the comments!
Money Making Ideas from Twitter:
- Make Money by starting a local community website and selling advertising locally. @mattjabs
- Sell old movies, CDs, books on Amazon. Everyone has at least 10 items they'll never use again that they can sell. @foreignersfinan
- If you have a skill like another language, you can try tutoring for local schools or universities (I'm fluent in German). @lafoxey86
- Mechanical Turk will pay at least a few bucks an hour. Was just playing around with it last night, it's interesting! @ericabiz
- Think about stuff you don't like to do and would pay somebody for, then offer that as a side hustle. Dog Poop anyone? @fiscalgeek
- Depending on how much soda your family drinks, there's always recycling. Money's low but it's a good lesson for the kids. @ipickuppennies
- Tutor students in courses you did well in. People want to get high grades/pass and they are willing to pay for it. @studenomics
- Sell homemade food. I used to sell homemade bread. @domesticcents
- Start a business. A blog, a cake business, something u are passionate about & will pour time/patience in to develop. @nodebtplan
- Submit to a site that pays for articles. @budgetpulse
- Can you guess my favorite way to make extra money? @deliverawaydebt (as in delivering pizzas!)
Money Making Ideas from the comments:
- English as second language is huge right now with the migrations from various parts of the world. There are certificate programs you can take or you can do it informally. That’s a niche you can enter for no other reason than being able to speak the native tongue! Kevin at Out Of Your Rut
- My wife has begun keeping kids in our home. I am starting part-time census work this month. Ken at moneymakingsense.com
- If you happened to have a plow for your truck in the southeast this year you could have made a killing as much snow as we have gotten. Supply and demand was in effect and the demand for snow clearing far outweighed the supply of plows. Kyle at SuburbanDollar.com
- I am commissioned as a notary here in WA, and when I was laid off in 2008 I took a gamble and started a full-time mobile notary service. It keeps me busy and is great income. I got additional training on how to close real estate transactions (I wouldn’t advise anyone to try to do it without that training) but if you’re already a commissioned notary or can become commissioned easily in your state, the “odd job” general notary work is great extra income. Jessica at thepennywisefamily.com
- Last summer garbage collectors in Toronto went on a very long strike, my brother (a entrepreneur by nature) took quick advantage of the situation by setting up his own private temporary garbage collection services. Start up cost was about $700 and they made over $25,000 in about 3 months. Paid tuition for 3 years. Ray at Financial Highway.
- A friend of my was able to make some extra money writing short scripts for a production agency. They ranged from 10-30 pages, and it was basically creative story telling. They gave him the premise, he made up the rest. Easy money considering all you have to do is come up with some stories! myfinancialobjectives.com
- I used to have a thing for designer shoes (in my carefree days of high living off of credit cards). There were many pairs that I sold on eBay for about $800, but they were mostly unworn Jimmy Choos. I had a few other pairs that were equally lovely but I couldn’t get any interest on eBay, so I took them to a local consignment shop that only deals in high end merchandise. Out of the 8 items I’ve taken in, so far, I’ve made $250. Danielle at thefrugallawyer.com
- My husband and I have turned my hobby of making hair bows for girls into a business. bowsoprecious.com
- Amazon’s great for selling books, movies, etc. The amount of people on Amazon is ridiculous and when I sold textbooks in college I was shocked by how many books old and new I could sell. Austin at foreignersfinances.com
One of my main reasons for doing this series, was not necessarily to give specific ideas and methods for making money, but rather to get the creative juices flowing and to help you to find your own best method(s) for making money.
So often on personal finance blogs we focus only on the frugality aspect of personal finance. But in reality, you can only cut back so much and you can only be so frugal. My opinion is that you ignore the other side of the coin – generating income – at your own peril.
There are a million and one ways that you can find to generate income, you just have to find where your skill sets lie, what you're passionate about, and where there is a need. So go out there and start earning!
Have more ideas for generating income? Have a sure fire way to make money? Tell us your thoughts in the comments!