5 Ways you Can Supplement your Income

By: Sr vini

Money makes the world go round, at least that’s what the song says, we all need to somehow find enough money every month to support our lifestyle and for some, that is easier said than done. While there are many ways to cut your living costs, we prefer to focus on extra income, which is a win-win for everyone.

Here are a few ways that you make some extra dollars in your free time.

  1. Teaching English online – If you are a native English speaker, you can teach Chinese kids English at weekends and the pay can be quite good. Start by contacting an online English academy and applying as a teacher; you will have to pass an online English grammar test, which every native speaker should pass, then the school tells you the props you need to prepare and gives you access to all their tuition content. Sure, it will likely be unsocial hours, but you don’t even have to leave your home. Teaching online is an art and like other professions, the better you are, the more you are paid.
  2. Freelance your services – We all have our talents and whatever yours is, you can advertise as a freelance online. You could even advertise as a general handyman; if you have a car, why not register with Grab? Social media is great for finding local part-time work; where there’s a will, there’s a way! With a high-rate term deposit savings account, you will soon have that house deposit you need.
  3. Web content writer – If you have a flair for the written word, why not register as a web content writer? You will be paid to write blogs on all topics, with client links inserted and your rate would depend on your writing experience. Most content agencies will offer full training for new writers; you can attend online writing workshops if you are so inclined. The positives include working when you please and you can even refuse work without giving a reason. Click here for how raising interest rates raises inflation.
  4. Overtime at work – If you have OT opportunities, are you making the most from it? Some people can work all weekend on double or triple time; sure, the taxman takes his chunk, but you still clear a few hundred dollars more than usual when you do OT. Some people put their OT money to one side and forget about it until next month when they add another few hundred and if you can do that for a couple of years, you have a nest egg.
  5. Set up a brokerage – A brokerage is where an entity connects buyers with sellers; the right concept with a website for people to connect; classic examples are mortgage brokers, insurance brokers and even websites where cars are sold. Any web portal can be used in this way if you have the right idea.

The Internet can be a source of income as well as information and we hope the above ideas appeal and you manage to earn some extra cash.