Making Money Fast: Five Ways To Make Extra Money, Even In A Tough Economy

Man removes cash from wallet

In this post global financial crisis world, it could be easy to assume that the opportunities to boost your income are over. As Dr Jason Cabler explains though, this may not be the case. Below are five of his best suggestions for ways you can make supplementary income even in uncertain economic times. Whether you are looking to save to invest, pay off debt or just want to be able to treat yourself, there may be a way you can make money on the side too.

Make Extra Money, Even in a Tough Economy!

If you need to make extra money because you’re having trouble making ends meet in a tough economy and you’ve already cut your budget to the bone, here are a few ways you can make some extra money that you can do right now to help get your bills caught up, and start paying down your debt. Some of these are just plain common sense and some you may have never thought about, but all of them can make you some extra scratch to get by on even when the overall economy is not so hot.

Freelancing
Whether you do accounting or carpentry, if you have a skill that is marketable, then hire yourself out for freelance work on the side. Unless your employer strictly forbids freelancing, it can be a great way to make extra money and you could even grow it into a full time business. It’s very easy to advertise your services on such sites as Craigslist and Elance.com.

Are You Crafty?
If you have any arts and crafts skills you can make any number of things and sell them to friends, family, or anyone else in the world by setting up a shop at Etsy.com. It’s a web based marketplace for arts and crafts that can connect you with people around the world to buy what you make. That’s definitely a lot better than setting up shop at a flea market or trying to convince a boutique owner to carry your stuff.

Got an Extra Room?
Rent a room or your whole house to someone who is traveling to your city using AirBnB.com. You list what you have available on their website and people sign up to stay. You charge what you want per night and you have the power to approve or deny who stays. Travellers and destinations are rated by the participants so you have a better idea of what you might be getting. AirBnB will even send a professional photographer to take pictures for your listing at no charge to make sure your accommodations are represented as well as they can be. Here’s a quick video to show you how it works.

Drive Like a Wrap Star
Ever seen those cars zipping around town wrapped in advertising? They aren’t always driven by small business owners promoting their business. Some people actually get paid to have their car wrapped in advertising and go about their normal daily driving habits. Depending on where you live, what your driving habits are, and the advertiser, you can make as much as $400 a month just for driving your car. It can be a little difficult to get picked if you drive less than 800 miles per month and don’t live in a heavily populated area, but it may be worth 20- 30 minutes of your time to fill out the forms necessary on the different websites to see if you qualify. Just do a Google search for “auto wrap advertising”.

Is Photography Your Hobby?
Then you can actually sell your photos online at sites such as Shutterstock, Fotolia, or istockphoto.com. You may already have a large collection of photos or you can shoot what interests you and upload them to these sites. You’ll typically make about $ .25 every time someone purchases one of your pics, so you won’t make millions, but remember, each photo can be sold an unlimited number of times. So if you upload dozens or even hundreds of good quality photos, it can become a steady stream of income over time.

Whether you may have lost your job, had your hours cut back, or you’re just wanting to make extra money to pay off your debts because you’re becoming intense about getting debt free, remember, there is always a way to hustle and make extra money, even in a bad economy.

In fact, I would argue that there has been no better time in history to make extra income due to the power of the internet and its ability to connect one single person with almost every other person on the planet, a segment of those who are looking for exactly what you have to offer.

Dr Jason Cabler is a personal finance blogger, author and speaker who provides advice and strategies for reducing debt and living a debt free life. For more articles by Dr Cabler, visit his website

Have you tried any of the ideas on Dr Cabler’s list? Would you consider any of them?

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  • AppMedia Mobile Apps

    Great post!