Are you saving up for something big but struggling to get the funds together? Have you considered a second income? This is the quickest way to improve your savings and will also boost your disposable income to allow you to live as you please.
There are a number of opportunities available that you can take on alongside your full-time job. Here are some of the best ways you can enhance your income and achieve your financial goals.
One of the best and quickest ways to boost your income is through freelancing. This includes anything from blog writing and graphic design to bookkeeping and accounts. If you’re skilled in any of these areas, as well as many others, you could easily earn money and the best part is – you can do it from the comfort of your own home.
To get yourself started you can use websites like Upwork or Freelancer.com, where you can find a wide range of opportunities for everyone, including beginners and more experienced freelancers. When using these sites, you should make sure that you’re working with an accredited employer to ensure you receive payment for your hard work.
Make a smart investment
If you’re looking for a long-term solution to boost your income, you should consider investing in property. Purchasing a buy-to-let property can offer you high returns, which is great in the long run as well as the short-term, due to the regular monthly income you would receive.
To make sure you benefit from a high return on investment, you should seek guidance from property professionals like RW Invest, who can advise you on the best places and property to invest in. They have a number of properties available in the north-west, where you can find some of the highest rental yields in the country, so you are guaranteed to receive lucrative profits.
Rent out a room
If property investment is out of your budget, you could enter the property market in another way – through room rentals. If you live on your own but have multiple bedrooms in your property, then you should consider renting out your spare rooms. Many working professionals like nurses or contractors are always on the lookout for rooms to rent when they are on the job for a number of months.
You can rent out your extra space on websites like Airbnb and Home Away, where you can post your listings and feature all the aspects of the rental. You should look at similar listings on these sites to establish a reasonable price, but make sure this does not set you back and actually benefits you financially.
Sell your stuff
If your home is inundated with too many clothes, jewellery, or anything else you wish to get rid of, then you should consider selling them. You could choose to sell them at a market or online on sites like Amazon, eBay, or Depop. An online market may be a lot easier as you can simply upload pictures of your items and sell them on to customers without having to pay for a stall, which is usually charged per hour.
You could also sell on items made by yourself if you’re creating, such as handmade jewellery, knitted clothing or anything else you have crafted. These items should be sold on websites like Etsy and Not on the high street, where shoppers are interested in more bespoke items.