3 Ways to Earn a Second Income

People all around the world are looking for ways to make extra money. While some of us have great jobs which absorb all of our interest and pay for the life we want and more, these jobs are sadly in the minority. Most people have a job that does the trick: puts food on the table and pays the bills. But for millions, this just getting by, this living paycheck to paycheck, just isn’t enough.

Make Extra Money

Enter the endless search for the second income. For people in partnered relationships, an additional income stream can be incredibly helpful, often taking a household into a new tax bracket. For single people, a second income can turn the workday into more than a survival tool – possibly taking a person from subsistence worker to saver, traveler, and investor.

It’s amazing what you can do with a little extra money. Used wisely, an extra income can be a true life-changer.

Here are three ways real people are making significant extra money in their time spent not at work:

• Spread betting with ETX Capital is a great way to make extra money off of personal insights and observations about the financial world. When you make your first account (you can make a trial account without having to deposit even $1), you’ll see charts with tons of stocks, indices, currencies, and various financial instruments, all with their current prices in real time. When a person makes a spread betting contract, they will make an educated guess about the future value of one or more of these financial entities. If at a set period in time the value has moved in the chosen direction, the investor will make money in proportion to the amount staked at the beginning of the contract. Once you learn the ropes, you can make a surprising amount of extra money.
• Freelancing is another tool to make extra money. Perhaps you have some reliable skills that you can monetize in various ways. Maybe these are skills you learned in your primary career, which you can put to work during evenings and on weekends. Or, maybe you’re tired of doing the same thing all day and want a change. Try your hand as a writer, editor, graphic designer, voice actor, etc. All of these jobs are available at entry level for freelancers, and are found on a diverse set of job-hunting sites accessible to all. Build good feedback scores and you could actually create a second career.
• Passive income is a great way to earn money while pursuing other tasks in your daily life. If you have the money to buy a home, or to rent out part of your home, you can earn cash flow from your tenant. If you have stocks with dividends, you can use that money as income. There are many examples, all available online, which interested parties can explore

A Second Income

If you research and constantly look for opportunities, you’ll find a method that will provide serious second income, all in the few spare hours you have out of your busy life and work. Don’t be disappointed if you don’t get great results at first. Set a reasonable goal to meet in your first month, then work each month thereafter to surpass it.

Finding a second income option that works for you is all about consistency. If you, like many, are working in the gig economy, you’ll greatly benefit from word of mouth and other reputation-based methods for growing your new income. If you work steadily for a year, you’ll be surprised at what you have built by the end of it. Stay productive and stay interested in what you do – this is the way to bring in serious extra money.