5 Side-Hustles To Help You Get Debt-Free Quickly
If you’ve got outstanding student loan debt, pending loans to pay off, or any remaining fee you are yet to brush off completely, it will keep lingering on your mind. Debt can eat away your confidence and energy, hampering your current efforts to achieve your goals. Hence, you must pay them off as fast as possible. And side hustles can be your solution!
While some side hustles need you to be a certified professional, some, not so much. So if you’ve got the talent, you might as well begin today. With some extra time and effort every day, you can earn quite a bit to reach your monthly savings goal. Here are five side hustles you can try.
Pawning items you no longer require is a great way to pay off your debt. Collect everything you find to be valuable in your home that you can sell in a pawn shop. This would not only help declutter your space but also give you some extra cash.
If you have any jewelry that isn’t a valuable family heirloom and only something hanging out in the back of your closet, you can pawn it at a diamond pawn shop. You could also have them hold onto it until you make enough money to repurchase it from the pawn store again.
Another great way to make money is by becoming a reseller. You can buy affordable items from local stores and sell them on eCommerce websites like eBay, Etsy, Amazon, etc.
Freelancing is a great way to be your own boss. Set up a working schedule and system for your freelance clients and follow through to avoid your freelancing work overlapping with your working hours.
You can freelance as a professional, providing the same services as your full-time job or services based on a talent you wish to pursue sometime in the future. For instance, if you’re an IT professional with a knack for painting, you can work as an artist on commission.
4 in 5 millennials own a car. That means the vehicle hanging out in your garage can bring you a constant stream of cash if you work for it. Consider opting to register as a driver on ride-hailing services such as Uber, Lyft, or Turo. You can enjoy flexible working hours, additional tips and pay during rush hours, insurance schemes for vehicle protection, and much more.
If you’re an animal lover and don’t mind spending your days with them, consider becoming a pet sitter. You could either register with a company that allows people to hire pet sitters through an automated system or advertise your availability online on your own. If you’re a professional working from home, you can not only go about your workday as usual—attending work calls and completing tasks at home—while pet sitting; that’s double income at the same time!
You can earn up to $900 a month to keep canines company alone! So don’t shy away from putting forth your charges for this service and letting them know your available working hours.
Online education platforms are seeing a lot of traction owing to the global pandemic we’ve been facing; more and more people, regardless of age, are enjoying the accessibility of online lectures. If you’ve got skills to show, consider registering on a virtual education marketplace; from arts and crafts to languages to a skill, you can teach anything you are good at. You don’t need higher education degrees to teach; you can simply curate a course and upload it. For every view or download, you can earn a royalty fee.
It’s only understandable to feel overwhelmed when you have accumulated debt you need to pay off. But with some planning, budgeting, and investing, you can pay off your debt quickly.