How to Make More Money on the Side to Spend on Myself
Finance 115

How to Make More Money on the Side to Spend on Myself

How to Make More Money on the Side to Spend on Myself

With supply chain shortages and gradual inflation, the dollar doesn’t quite stretch as far as it used to. However, that doesn’t mean that you can’t find ways to give your income a cash infusion. No matter what it is that calls to you, there’s plenty of money to be made. If you have a need for some extra cash that you can spend on yourself, here are a few ways to make that happen.

Look for activities you can do on the side without too much work.

For the most part, making money is a serious endeavor. However, there are some activities that can help you earn more cash without having to be as active as you would be if you were to pick up another job, for example. One way you can do this is by investing in options and becoming a trader. Day-trading stocks and options is a popular side hustle for those with a solid understanding of the stock market and extra time on their hands. Additionally, you can always supplement it by investing in stocks that pay quarterly dividends and finding other investment vehicles that help you further build wealth.

That being said, it’s important that you find the right platform to trade on first. Otherwise, you can end up spending a ton on trading fees that reduce your overall profits. If you’re interested in trading options, look for the best trading platform in your country (such as the best stock trading app in Canada) that will give you the ability to start investing right away. Whether you’re a fan of Wealthsimple, Questrade, or Interactive Brokers, there are ample platforms out there that will help you access the options you want for a seamless investing experience.

Consider going freelance if you have a specific savings goal.

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Some people want to make more money as a means to afford something special. For example, let’s imagine that you have a dentist near you who offers the Solea laser for dental procedures. Solea is a dental laser that eliminates the need for anesthesia as it’s virtually pain-free. Without the need for a dental drill, you can sit back without the discomfort as your dentist uses this later to reshape the gums and the enamel and spend less time recovering so that you can get back to your day-to-day life. If your insurance doesn’t cover laser dentistry for dental fillings and other dental treatments, working towards having money for this laser treatment may be at the top of your priority list.

One way to make the money you need is to freelance. There’s plenty of in-demand, high-paying freelance skills that can help you connect with clients and start tackling projects immediately. You also get to set your rates and determine how much time you wish to spend working on these projects. If you’re looking for a way to earn more money and have greater control over your schedule, freelancing may be the best way to go.

Pick up a second job if your schedule can handle it.

 

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If you’re looking for something simple and you have a relatively flexible work situation, you could also bring in more money for yourself by picking up a second job. Some of the simplest second jobs to hold include those in the service industries and in retail. Some people decide to engage in the gig economy as well, which can offer you greater flexibility as you decide which orders to pick up. No matter what appeals most to you, this is certainly one way to bring in more money when you want it.

Paying for your necessary expenses is essential, but some people want to be able to do more than just that. If you want more money in your life, the guide above will help you find some opportunities to boost your income that will easily fit into your current schedule and meet your needs.

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Finance 115