5 Ways to Supplement Your Income from Home in 2019

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If you’re looking to supplement your income by working from home, now is a better time than ever to get started. A recent survey conducted by FlexJobs found that 22% more freelancers found work online between 2014 and 2018. The number of freelancers who earned more than $75,000 per year increased 15% in the same period.

Making money online doesn’t require a significant investment of time, an esteemed education or a specific skill set – especially considering the wide range of opportunities that are only growing by the day. Think about what a few extra dollars could do for you, or what a few hundred or few thousand dollars could do?

You’ll have more money to pay off debts, to put towards luxuries such as your hobbies or a vacation, retire earlier, invest in bigger plans… the list goes on. The potential here is truly limitless. To help you get started on the right foot, here are five ways to supplement your income from home in 2019. 

Surveys

Filling out surveys is perhaps the most simple and easiest way that anyone can earn money online. Sure, it won’t make you rich, but an extra $20 here and there isn’t bad in exchange for a few minutes of your time. There are countless survey websites to choose from, and signing up is completely free. 

Some popular choices include Swagbucks, Pinecone Research, American Consumer Opinion and Harris Poll Online, but there are many more. A good approach here would be to create another email address and use it to sign up on as many websites as possible. This way, you’ll have a steady stream of incoming surveys – without spamming your personal inbox.

Trading

If you have an interest in business and the economy, trading may be a considerable side-income that could turn into something much bigger as you gain experience. Of course, whether it’s stocks, forex or crypto, there’s a lot to learn here, and you’ll inevitably have to spend some time with your head in the books before you make any real money. 

Starting with a well-documented, beginner-friendly method such as copy trading would be your best bet. This method is perfect for beginners, as it involves automatically copying trades performed by more experienced traders. You can head over to InvestinGoal for a comprehensive overview of trading strategies, including how to use ZuluTrade as a cross-broker platform, and they also provide advice for beginners. 

Writing

There are a variety of paths you can take as a writer online. You could start a blog and write your own content, profiting from affiliate commissions and ad placements. Alternatively, you could set up a profile on freelancer websites such as Upwork and become a content writer, putting together web content for other blogs.

If that’s not your cup of tea, you could start writing eBooks and sell them on your own website or marketplaces such as Amazon. Perhaps writing fan fiction or short stories for users on forums such as Reddit in exchange for some cash is more your type of thing. The sky’s the limit here, so don’t hesitate to get creative!

Tutoring

If you have a good grasp of English and a passion for passing on knowledge, online tutoring is well worth considering. More often than not, you don’t need a certificate or teaching degree to get started. Most websites ask for an English as a Second Language certification at most, which can easily be obtained online. 

Schedules are flexible, which means you can do it after work or on weekends. As for earnings, you can expect an average of between $20 and $30 per hour, but this can increase as you build a portfolio and find better websites. Education First and VIPKID are popular companies in the English tutoring space, but there are many more. 

Transcription

As the emphasis on developing more mediums to share content with audiences on the internet grows, the demand for transcriptionists has steadily increased. The premise is simple: you’re given an audio or video file to listen to, and your job is to type out what is spoken into a certain format. 

It’s worth noting that due to the strict formatting requirements that most transcription websites have, there’s a bit of a learning curve and your hourly earnings won’t be spectacular from the get-go. But if you manage to get the hang of it quickly enough, transcription could make for a decent and fun side-income.

Conclusion

These are just some of the countless ways that you can earn money online in 2019. Alternatives include starting your own website, becoming a digital marketer, being a virtual assistant, a bookkeeper, website tester or even a combination of one or more of those jobs. In fact, this list can, quite frankly, go on forever.

Just about every opportunity is flexible enough that you can try more than one thing at the same time. And if you don’t like it, there are plenty more around the corner.

Planning Real Estate Investment

Top Do’s and Don’ts While Planning Real Estate Investment

People consider real estate as an easy goal, but investing in properties is not a cakewalk. Those who become successful in real estate business are experts in this domain with their hard-earned knowledge and in-depth skills in various aspects of real estate deals. It is seen that many people commit the same type of mistakes over and over again in order to fail in a real estate career.

Planning Real Estate Investment

In fact, it is primarily all about using common sense, along with developing a solid investment practice based on thorough research. In this article, we will discuss some key do’s and don’ts of real estate investment as advised by the real estate expert mentors to the real estate investors. In between, we will discuss some debt consolidation do’s and don’ts also, which is also a trending topic now.

Real Estate Investment Tips

1. Do a proper study of the field.

It is found that the mistakes are usually made by those who do it in a rush and don’t take enough time to learn the field before making a move. If you want to make real estate investment career, you need to prepare well by investing time into researching the local real estate scenario and the market conditions, which keep on changing.

Doing proper homework will help you to make well-informed decisions, which may not only protect you from making potential mistakes but also can save a lot of money and time by doing the right thing at the right time. In real estate investment, it is better to play safe than feeling sorry about a loss later.

2. Don’t buy real estate properties based on the future value

This is otherwise known as “pro forma analysis,” which is the practice of buying property based on what it could be at a future point. Don’t go this way. Many real estate buyers make this mistake, which never work that way as they expect. The sellers tend to use this point to neglect the current drawbacks and issues.

So, this is something one must be aware of in order to avoid any trap. Keep this golden rule in mind as never evaluate a property for anything other than its current value. You may push the future value to the back of your mind, and they do current-time calculations to negotiate.

Let’s have a quick overview of debt consolidation do’s and don’ts and then come back to further points.

Do’s and Don’ts of Debt Consolidation.

If you are into multiple debts, remember that debts can quickly pile up if you don’t manage them well. However, if you do some due diligence and understand how your debt management system works, you can avoid some serious trouble in the long run. Otherwise, failing to make debt repayments property or ending up in a troublesome debt situation may not only adversely affect your credit scores, but can even put into neck-deep trouble as by ending up in bankruptcy or so.

In general, we can see that the debt across the USA is largely mounting. The total household debts of US citizens exceeded about $13 trillion last year based on the Federal Reserve statistics. Most importantly, mortgages account for the most chunk of the outstanding debts, and then comes credit card, student loans, and auto loans. Here are some do’s and don’ts in debt consolidation from Libertylending.com for those who are in debt to follow. 

Do shop for good rates.

Obtaining funds with the lowest interest is the key to succeed in debt consolidation, so look for the best rates. The interest rate of a fund advance largely depends on the individual credit score, where a higher score will win a better rate and vice versa. The rates may vary from provider to provider, so it is ideal for exploring multiple options and comparing the rates to identify the best possible deal. 

Don’t apply for multiple loans. 

Being in desperation to get funds and with the fear of rejection, people tend to make this mistake. However, it is seen that applying for more than one loan at a time may adversely affect your credit score. In fact, some companies now give you the opportunity to preview the rate without creating any impact on your credit score. Explore such opportunities and fully understand the loan terms before applying.

Do keep the credit cards open.

It may seem counterintuitive, but it is advisable to keep your credit card open even when you pay off the debts. The credit scores are determined based on the debt amount you may potentially use versus what you actually use. So, once if you keep the potential balance higher, the better your scores can be. However, this works only with the cards which have been used already. Keep this in mind.

Don’t try to accumulate more credit card debt.

When you are already under debt consolidation program, don’t use further credit just because those are available to you. The actual point of consolidation is to pay off your loans and not to lower your balance so that you can pile it up again. Even when you keep a credit card open to meet up with any emergency situation arise, don’t be an overspender.

Let’s get back to real estate investment tips.

3. Do establish your goals.

While planning for real estate investment, don’t act without a proper plan. Set a goal and then works towards achieving it. The goal should be well thought and before making any move, value it against your goal and ensure that you are on the right track. Maintain a clear idea about your budget, the risks involved, and the exact ROI of your real estate investment.

4. Don’t blindly follow a real-estate guru.

In fact, there is no such real-estate guru who can lead you foolproof. However, there are plenty of them online and offline who promise to make you a millionaire overnight. In fact, making millions is very much without in your reach, but only when you decide to use your common sense and calculations, and not the blind advice of a guru. Investing in anything is actually adapting to a change, and there is no such readymade system as proposed by gurus may be flexible enough to cover all possible variables in such a very dynamic market.

Overall, investing in real estate is not so difficult to make expensive mistakes. Try to follow the best examples and always pay within your limits to taste success.