Word! Just because you aren’t a professional doesn’t mean you can’t have a good amount of talent in a subject. If you can provide quality services to people who can’t or don’t want to pay high professional prices, then go for it! That’s the free market right there. You have just as much right to try and make money for yourself and your family from your talents as professionals do.
Try flipping houses if you have experience with making home repairs. As you may know from watching popular home improvement shows, flipping homes involves buying up a lower valued property that needs work, and then fixing it up for resell. To get started, you’ll need to have financing either through a bank a partner. Then, you can buy a property that’s priced below market value. After you renovate the property, you may be able to sell it for a profit.
Millionaires are all around us, and many of them are probably not who you would think. This is because they smartly live below their means and save their money rather than showcase it. Of course, it’s easy to live below your means when you have millions, but even if you have far less, getting into the habit of spending minimally now will help you have a lot more later. The trick is adopting a “less is more” mentality and sticking with it, even when your income and net worth increase in the future.
Individuals who cannot get approved for loans through traditional financial institutions and lenders often turn to alternate sources of financing such as peer-to-peer lending. Because these tend to be higher-risk loans, interest rates typically range from 6 to 10 percent. You can use programs like Lending Club to get involved with peer-to-peer lending quickly and easily.
Rose and others looking for employment this summer: Retry the babysitting idea. Summer is a good time to babysit. Maybe volunteer a few times first and then use those families as references. Tell everyone you know that you are available to babysit. Use email, Facebook, fliers, word of mouth. Also try offering a set time every week, like Tuesday evenings form 5-9 pm in your home. Parents know they can drop off their children without calling ahead. They really appreciate that. It takes time and persistence to get the word out, butit can be done!
What are dividend stocks? They are just like regular shares of stock, but with one exception: For every share of a dividend stock that you own, you are paid a small portion of the company’s earnings. Basically, you get paid just for owning the stock! If you are looking to get started with dividend investing, check out Ally Invest (which is included on our list of best investment apps).
Find a profitable niche: We’ve talked about this a lot. But, where are you most comfortable. What niche do your skills, values, and interests intersect? Do you have 10 years of experience as a technical writer? Do you have long-standing PR relationships that’ll be invaluable in helping startups launch a successful crowdfunding campaign? Determine what makes your value unique, and lean heavily on showcasing that strength to your potential clients.
But once you’re in your home office—alone, every day—you might start to miss that collegial camaraderie. Since the UPS incident, I’ve reached out more to colleagues via IM and will post cute pics of my new puppy for my colleagues to see on Yammer. And when we’re on deadline, we even (gasp!) talk on the phone. It’s helped tremendously to make the disconnect not feel so severe. It’s a good balance between having peace and quiet when you need it and much-needed interaction with others, too.