For young people in 2022, the cost of living is currently higher than they’ve ever known it to be. Fuel prices are skyrocketing, energy costs are up, and with the effects of the pandemic still taking their toll and conflict occurring across Europe, the future is very uncertain.
It’s understandable then, that you may feel you need an extra source of income to supplement the wages you earn at work. A side hustle is a great way to increase your financial security while enabling you to follow your passions outside of your full time career.
If you are looking for ways to generate a bit of extra cash, here are some options that might inspire you.
Take an extra job
When you work in an office for eight hours a day, five days a week, the idea of taking a second job is not that appealing. But there are ways to earn some extra cash that won’t leave you feeling drained on a Monday morning. For example, you could become a dog walker or babysitter to help out people in your neighborhood. Although it’s an important responsibility, most of the time you will be getting paid to hang out with a cute baby or animal.
Sell your belongings
Most of us have homes full of things we don’t need. Whether these are old clothes we’ve grown out of, 3/4 carat diamonds we no longer wear, or gadgets we bought on a whim one time and ended up collecting dust in a cupboard. These possessions aren’t doing you any good cluttering up your home so why not get some use out of them? List them on an online marketplace or take them to a local car boot sale to see what you can get for your old bits and pieces.
Rent out your space
If you have a spare room in your home or an outbuilding that isn’t being used, you could make a huge amount of passive income by renting it out. Taking in a lodger might seem like a big step, but the money you will make from rent each month could be substantial, especially if you live in a desirable area. If you are not capable or willing to rent out a room, you could consider renting a driveway space to commuters who want to park cheaply while they’re at work.
Invest
Most people think investing is something best left to market traders and financial experts, but the truth is, anyone can do it. Building an investment portfolio is a great way to earn some passive income by putting your money into stocks, bonds, or cryptocurrency. It is of course essential that you do your research before parting with any money, and it can be invaluable to find a mentor who can teach you the tips and tricks of the business.
These are just a few ideas for ways you can make some extra income in 2022. If you are creative and resourceful, there is no end to the money-making schemes you can come up with the enhance your life.
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