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Finding Alternative Income Streams

Savvy Solution: Find Ways To Make More Money, Part II

Investing is the most obvious and ideal form of alternative income because you're passively earning dividends, and when those dividends are reinvested you can truly see the positive effects of compounding growth. Don't have enough cash to buy a piece of the market, or you can't afford any market fluctuation with your cash right now? One of the most common ways people raise money for themselves is by running a side business on eBay or Craigslist — take a peek in your closet and start adding up how much you could earn from everything you don't use anymore (or is still hanging with its tags on). Blogging could be another way to earn a little side income.

I know some people have reservations about taking on a second job, but that's an obvious option if you're unable to find an income source that can be done from home. A second job may even be preferable to you — think about the new people you could meet! Even working ten hours a week (or less!) will help you reach your money goals more quickly. Whether you're trying to pay off debt, reach retirement early, save for a home, or you simply want more disposable income for the weekends, the only person holding you back from making more money is you.

Do any of you have creative ways that you make income on the side, or have any stories about how earning additional income has had a positive effect on your financial situation?


Nickey Nickey 9 years
I work a full time job during the day and I tutor at my school (which I also do full time). After the semester's over, I will need another way to make some extra money. I am trying to be debt free before the year is out. I'll have to look into that blogging for cash thing. Hmmm....
snowbunny11 snowbunny11 9 years
Overtime, and lots of it. I'm chained to my job.
Cassandra57 Cassandra57 9 years
When my kids were smaller, for a year or two, I mostly did freelance work. I'm an excellent word processor and desktop publisher (a bit rusty now, though) and live near a community college. So, I "typed" papers, did a little editing for an additional fee. (I stopped that when I had one or two kids expect me to actually *write* their papers!) I also did stuff like: proposals for a one-man industrial refrigeration business and training manuals, for a woman who did free-lance human resources work all around the country. The beauty of it is, I did all of that from home. Also, for a little while, I worked with one of those inventory firms (the two main ones here seem to be RGIS and Washington), but the hours didn't fit with the rest of the family's schedule. That would be a great evening / night job if starting around 6pm works for you.
MsWalton MsWalton 9 years
I've been entertaining the thought of getting a PT job. Can somebody provide me w/more info on the blogging for $$ and freelancing? Thanx.
j0j0y j0j0y 9 years
I would love to make more income blogging! I just have to get off my butt and start my blog officially. I also want to sell crafts on Etsy... but again, I haven't got enough drive yet to just get started. I'm a hostess at a sushi restaurant and I do graphic design work independently (when I can get it).
bellaressa bellaressa 9 years
I am actually looking for a second job. I can't seem to find one.
coolgurl24 coolgurl24 9 years
I take surveys and also do medical studies occasionally.
fitgirlFL fitgirlFL 9 years
I work a full time day job and last year I took on a second job. I work all day, then work four hours at night, five nights per week. But . . . I've already paid half my debt and plan to be totally debt free by the end of summer or sometime in the fall. I need to learn more about investing too - I know nothing. I'd like to make better use of what money I do have/will have.
ktownpolarbear ktownpolarbear 9 years
I work full-time at a corporate gig, but to pay down my debt, I also work part-time as a private tutor (which actually pays more hourly.)
anaisethenry anaisethenry 9 years
Here's a site where you can open up a free online store: You can use it to unleash a passion and make some money as well :)
Le-Luxe Le-Luxe 9 years
I waitress one night a week. Its pure torture, but when I leave there with an extra $150 a week, its not so bad! haha
bellaressa bellaressa 9 years
Congrats, ladypenguin. I wish you luck on your business. This is a fab article Savvy - thanks for the advice.
princessjaslew princessjaslew 9 years
i sign up for medical studies. generally pays well. but NEVER ever do anything you aren't comfortable with!
Shopaholichunny Shopaholichunny 9 years
I need more money. I shop too much. :P
ladypenguin ladypenguin 9 years
I left a full-time job to start my own event planning business, so obviously the money coming in is going to be down for a while until the business takes off. I've been doing some freelance writing (another great way to make extra money...and build relevant experience, no matter what you are freelancing in). But I also took on a part-time job, at a local eBay consignment store. It's nice to have the extra cash and I'm definitely meeting a lot of new people...even if it makes my life that much more hectic and busy!
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