Support My Efforts By Visiting The Advertisers

Disclaimer

This is a personal blog. The opinions expressed here represent my own, not those of my employer and is not intended to malign any religion, ethnic group, club, organization, company, or individual.

How To Make Extra Cash

>> Thursday, September 22, 2011

Came across an article on asiaone on how to make extra cash. It listed 10 ways:
1) Sell your unwanted stuff
2) Rent out your spare room
3) Get a part-time job
4) Get paid to do surveys
5) Become a mystery shopper
6) Sell your skills
7) Make money out of your hobby
8) Show off your problem-solving skills
9) Get paid to baby-sit
10) Sell advertising space on your website

Basically, most of them required an exchange of time for money, more specifically Item 1, 3, 4, 5, 6, 7, 8, 9. This is no different from your current job. In fact, it should be weighed vis-a-vis the per hour rate of return. If it does not, I would prefer to focus on improving my value add to the organisation to move up or be in demand from external. It is not practical for full time employees who require a minimum amount of work-life balance, unless one is a full time home maker.

Some per hour rate job that stands a higher possibility of return in my opinion would be tuition, photographer, property agent, insurance agent, but may require the specific skill or clientele base. So, bottom line is, the alternative needs to be practical, else the suggestions can be endless, like petrol pump attendant, coffeeshop assistant, 7-11/Cheers cashier, car wash cleaner, janitor, security guard.. I believe you get my point.

Item 2 is only possible but most are uncomfortable with a stranger living together. It is indeed a serious alternative to consider as it does not involve time to be exchanged for money directly. However, not everyone has a spare room to begin with.

Item 10 is also good possibility as it again does not require direct effort. However, the revenue generated could be quite insignificant for the majority. Unless your site is a real success like those celebrity bloggers.

Well, I am not just critisizing alone, but I believe it is important that the suggestions should not involve time to be directly exchanged for money. That is why we find a job in the first place, then it is just finding a second job. Everything will crash when we fall ill or due to unforeseen circumstances.

My personal 5 suggestions (which everyone is free to critisize as well, appreciate if they were constructive though) would be:
1) Rent out. Why not go all the way and rent out the whole unit, stay in one room instead. Obtain another property and gain more rental income, touching on point 5 now.
2) Sell advertising space on website
3) Write and publish a book on any topic of interest (Cooking, Where to Eat, Gaming, Investments, anything)
4) Build a business (MLM, Property Agency, Insurance Agency, Tuition Agency, Franchising, Consultancy, Faciltating, anything)
5) Invest for passive income and capital appreciation (Property, REITs, stocks, UT..)

Well, no one said it would be easy.

1 comments:

Calvin September 23, 2011 at 12:53 PM  

I could really use some money by selling my unwanted stuff. I got too much trash sitting unused in my storeroom. i.e. my gym equipment etc.

Calvin
http://www.investinpassiveincome.com

Disclaimer

Privacy

The owner of this blog does not share personal information with third-parties nor does the owner store information is collected about your visit for use other than to analyze content performance through the use of cookies, which you can turn off at anytime by modifying your Internet browser’s settings. The owner is not responsible for the republishing of the content found on this blog on other Web sites or media without permission.

Blog Comments

The owner of this blog reserves the right to edit or delete any comments submitted to this blog without notice due to;

1. Comments deemed to be spam or questionable spam
2. Comments including profanity
3. Comments containing language or concepts that could be deemed offensive
4. Comments that attack a person individually

Terms and Conditions

All content provided on this blog is for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. The owner will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information.

This policy is subject to change at anytime.

About This Blog

To promote the education of individuals for the need to have a healthy lifestyle and wealth management through proper financial planning, particularly in investments.




Top Blogs


Awards

There was an error in this gadget

Top Sites

  © Blogger templates Sunset by Ourblogtemplates.com 2008

Back to TOP