Have you grown sick and tired of living paycheck to paycheck? Is one of your New Year’s resolutions to make more money and save more money? What better time to brainstorm clever ways to make those goals a reality than right now? As 2019 comes to a bittersweet end, it’s time to look toward 2020 and all of the potential and possibilities it harbors.
Making cash on the side while working a traditional 9-5 job may seem next to impossible when 40 hours of your week are already booked. And quite frankly, when you’ve clocked out and returned home, nothing sounds better than getting some grub and cozying up to a much-needed Netflix marathon. However, when it comes to your wallet, and increasing what’s inside, you’ll need to self-motivate if increased cash flow is your end goal. The right side hustle will not only earn you some extra income, but it should also speak to your passions. It shouldn’t feel like an extra job, but a hobby you love that’s also lucrative.
Using this guide, we’ll walk you through some of the most rewarding side hustles that are bound to bring you glee and green.
Virtual Assistant
If you’ve got a knack for numbers, a way with people, and a keen sense of organization, virtual assisting may be your calling. One of the many advantages to the virtual assistant career path is that it exists in just about every industry—and as long as there are overwhelmed executives in need of an extra helping hand, your services will always be in demand. Your responsibilities will likely range anywhere from regular office admin work and email organization to proofreading and client meeting scheduling. All of which can be easily completed from the comfort of your home.
Virtual assisting is becoming an increasingly popular remote work option for those who aren’t tied to a traditional 40 -hour work week. Generally speaking, virtual assisting is better cut out for remote workers who have open or flexible schedules.
Fix and Flipper
Popularized by HGTV and TLC’s Flip or Flop, Fixer Upper, and Desert Flippers, fixing and flipping homes has become one of the hottest ways for those with an eye for aesthetic appeal to turn disaster properties into shining homes ready for buying. Becoming a fix and flipper may be a huge investment but making the right moves can leave you with an incredibly high pay off that makes all of the painstaking and time-consuming work well worth it.
Pro-tip for beginners: Fix-and-flips can be difficult to finance because most traditional banks outright refuse to finance short-term loans. Expedite the lending process by opting for hard money lenders who specialize in the exact type of loan you’ll need to make your fix and flip dreams come true.
Freelancer
Maybe you’ve always had an eye for graphic design, or maybe you have a degree in journalism, but never got around to fully pursuing it. Whatever it is that lights a fire under your passions is bound to be of use to someone in need. Freelancing your services on a platform like Upwork or Fiverr allows you to showcase your talents and connect with professionals in need of assistance. Whether it’s copy for landing pages or infographic designs for a blog, there are a number of gigs out there supremely crafted to match employers with short-term freelance employees.
Not sure if your services are valuable online? Anyone with a background in the following niches will do well in their specific marketplace:
- Illustration
- Social media
- WordPress
- Data entry
- SEO
- Logo design
- Voice over
- Translation
Airbnb Host
Airbnb has become the primary alternative to traditional hotel stays and business is booming for Airbnb hosts across the globe. Depending on your property’s location, you could make over $75,000 a year by simply renting your space out to curious travelers in search of cozy lodging. All you need to do is maintain a clean guest space, list the room, and wait for the reservations to pour in.
Do you live in one of the most popular U.S. cities for Airbnbs? Check out the list below:
- Los Angeles
- San Diego
- Las Vegas
- Miami
- Austin
- New York City
- Atlanta
Make 2020 your year of increased cash flow with these rewarding side gigs. Which will you try first? Let us know in the comments below!