“I need to make money right now,” you say. You’ve probably exhausted all the offline avenues of money making (part-time jobs, odd jobs, selling items and gold at yard sales and pawn shops, etc.). You probably don’t want to go the more aggressive and risky route – taking on debt with credit cards and payday loans. But you’ve probably not exhausted the one gold mine that does exist – the world wide web.
People are spending more time on the Internet than ever before – nearly every multimedia and social function is being fulfilled online, from movies and TV to literature and the arts and social networking and dating. It makes sense, then, that many people have learned how to make money online right now, with little investment needed besides time and effort.
But where do you begin? How can we make money online if we don’t even know where to start? The internet neophyte is probably unaware of all the easy money that’s out there. There are many books and reports that can give you ten ways to make money online – here is one useful beginner’s report (click here). All you need is a computer, an internet connection, and a dash of creativity and hard work. You also need some information – so here are ten easy ways to make money online:
- The first is an extension of an offline way to make money – sell your stuff. You probably have a bunch of stuff lying around your house and garage that you don’t use anymore. You probably think that no one would want it, much less pay for it – but you’d be wrong. In fact, opening up the market to the world (literally) will give you more chances not only to sell your goods but to actually fetch a decent return. To start, check out sites like Amazon, Ebay, and Craigslist (for larger items that can only be sold locally). For instance, if you have a lot of books lying around your house, you can easily sell them on the Amazon Marketplace. You’d be surprised at what some rare and in-demand books can get you. This is essentially free money lying around your house, so don’t skip this step!
- The rise of the internet has also seen the rise of companies that hire workers online. You can easily telecommute and do the work that you need to do and earn a paycheck at the same time. Many of these companies, like Lionbridge and Leapforce, will let you pick flexible hours – you can work whenever and however you want. This flexibility is great for those who already have an offline job but need something more to supplement their income.
- Try online surveys and other offers. There are some scams out there associated with these types of programs, but if you find legit ones, you can make some decent money with little investment of time.
- Start an online part-time freelancing business. To do this, you first need to figure out what skills you have to offer to potential clients. For instance, let’s say that you are skilled at web design. There are plenty of individuals and businesses that could use help getting an online presence or sprucing up an already existing one. Visit sites like oDesk and Elance to find opportunities. You can also eventually build your own brand so that clients come to you – and return often.
- If you are a writer, you can easily get money by writing for sites like Demand Studios, Textbroker, The Content Authority, and others that offer up front payments for writing. You won’t be able to write about what you want – you’re working for a client with specific instructions – but it’s a great way to make quick money from the comfort of your home.
- There are also plenty of writing opportunities available aside from the typical freelance route. For instance, one of the best free ways to make money online is to write for sites like Hubpages and Squidoo. You write your own content and get a cut of the advertising revenue that your content generates. The more articles you write, and the more visitors you get, the more you make. Better yet, this money will be residual and passive income – once your “Hubs” are up and running, you just sit back and collect the cash. Note that you’ll have to learn some basics about search engine optimization and keyword research to really hit it big, but this is a great route for those who really enjoy to write.
- You can also cut out the middle man and make your own websites. In a sense, you are making your own “Hubpages” website and publishing your own content. You can then make revenue based off advertising (such as through programs like Google Adsense) or through affiliate commissions (like through the Amazon Associates program).
- In fact, if you really want to hit it big, you can start your own online business. What you sell or provide as a service is up to you, but usually digital products are the best, as it will require little up front investment and little overhead – your profit margins will thus be quite high. For instance, if you know a lot about a particular topic, you can write an Ebook and sell it through Clickbank. They will provide all the billing and delivery services you need, and you can easily find affiliates to help sell your work for you.
- If you want to know how to make money right now, look no further than sites like Amazon’s Mechanical Turk. You can do small HITs (human intelligence tasks) that will net you anywhere from a nickel to a dollar per more per task. You won’t make a great hourly wage (somewhere in the region of $5-6) but it’s a great way to earn spare cash while you’re doing something else like watching TV or relaxing.
- Teach someone something. If you have some skill that others want, whether it’s music, language, or school subjects and test knowledge, you can find people willing to pay you to share your knowledge and ability. You can tutor over Skype or even offer webinars.
What To Do Now
If you’re interested in making money online, a resource that people have found useful is the “Complete Guide to Making Money While You Sleep.” Go here to check it out!
CLICK HERE for the Complete Guide to Making Money While You Sleep
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If you are in debt, you are not alone. Millions of people struggle with debt of many kinds – credit card, auto, home or mortgage, business, educational and college loans, and many others. It may seem like the deck is stacked against you to ever recover unscathed from your debt. Luckily, there are solutions out there that can help you achieve the debt resolutions you need to return to a healthy financial position. Here are sixteen ways to achieve debt resolution legally and effectively – there is no talk of scams or frauds allowed here!
- First, you need to stop the bleeding by cutting the use of any further credit lines. If you take on more debt, you’re making the problem worse.
- Cut off any money that you may be hemorrhaging in other places. For instance, if you are smoking, or wasting money on booze or junk food or eating out, or any expenditure that isn’t strictly necessary, stop it immediately! Your goal right now is to preserve capital. Think of how long you’d have to work to earn the money that you could save simply by changing your habits.
- You need to be in a long-term mindset. Get out of the instant gratification, quick fix mentality, and think of your financial health and happiness in terms of years, not weeks or months. This will give you the patience to forge ahead not only with your debt plan, but also with your money habits.
- Get a free credit report in order to assess your current financial health.
- Figure out your current major debts. Line up how much is owed on each account, the interest rate, and the number of payments remaining. If you need credit card debt resolution, make sure to have all your information organized by card and interest rate so that you know where to begin.
- If you haven’t already, create a budget based on your income and expenses.
- Look for places to increase the income side of the equation. For instance, a second job might help. You could also sell some of your old goods and gadgets online or at a yard sale. Consider also starting an online business. There are also tons of freelance and other business opportunities available on the internet if you have the right talents, including writing, web design, editing, and more. You could also give online poker a chance (if you are good). Internet marketing could also be your game. No matter what you do, if you increase your income, you’ll be able to resolve your debt more quickl.y
- Cut down on the expenses side of the equation as well. Cut back wherever you can to conserve your capital supply. Be ruthless – the suffering you may feel now without your latte or TV or cell phone will be worth it a year down the line when all your debt has been wiped away. So don’t be afraid to sacrifice short-term comfort for long-term gain.
- Be careful with so-called debt resolution companies. Many of them are a horrible scam, out there only to prey on the weak and the helpless and those who are desperate to get out of debt. Always do your research to find out the latest news on debt resolution scams before you sign on to any of their company agreements. Best case scenario is that these frauds do nothing for you and only take money. The worst case scenario is that they take your money AND make your situation worse. Always read reviews and consult with professionals before giving any of these debt resolution firms your money. Commonly searched debt resolution companies include National Debt Resolution, Debt Resolution Partners, and Community Debt Resolution.
- Consider getting a cheaper loan from other sources. A balance transfer from one credit card to an interest-free card may save you a ton of money and stress. A home equity loan could help you wipe out credit card debt and other high interest debts. You could also borrow money from friends and family, as long as trust and documentation is present, to wipe out debts immediately.
- Pay down your highest interest rate debt first. This will save you the most money in the long-term. Plus, the money you save in interest by paying these down can be put towards paying down more debt, further increasing the so-called ‘snowball effect.’
- Or you could pay down your smallest debt first to get the psychological ball rolling in your head. You may feel less discouraged if you wipe out debts quickly instead of being stuck with huge debts that take awhile to annihilate.
- Pay down any debts that are past due or are late. You don’t want to hurt your credit score more than you already might be.
- If you are in serious financial trouble, you may have a bargaining position with companies where you can ask them to forgive some of your debt or at least lower your rates. Credit card companies and other creditors don’t want to see you go bankrupt, as they may lose a lot of money if that occurs. Thus, your weakness may actually be a strength in the bargaining process. Call them and see if they’ll work with you.
- Get the services of a professional. This advice may help, but your circumstances will vary, and one size surely does not fit all. Debt counselors and debt management groups can help you figure out a plan tailored to your life situation. There are many nonprofit groups that you could go to for help first before going to the for-profit companies. So make sure you use all the resources at your disposal before taking drastic action. The money you pay for their help may be worth the amount of money and pain you’ll save in the long-run.
- Bankruptcy is a big NO in all but the most serious situations. Exhaust literally every other possible option before even thinking about this! The long-term effects will be serious, so don’t go into it lightly.
If you have any more ideas, leave them in the comments!
The cost of a college education is not cheap. The average debt for students graduating from a four-year college is over $20,000, and this will continue to rise as more students go to school and tuitions and expenses continue to rise. For many students, paying off student loans can become burdensome, especially when the job market doesn’t cooperate and give the student the job and salary he or she expected. Thus, you might have to get creative with the ways you pay off your student loans. Here are ten ways to get free money to pay off student loans. Note that some of these suggestions don’t give you ‘free’ money per se; instead, it can give you ideas to earn extra money aside from your day job to help you pay the bills. Here we go!
- The first major way people get free money to pay down their loans is to get their federal loans forgiven. This is a very strenuous process, and only happens under the strictest requirements. Usually, the individual must be a teacher or doctor and work in a disadvantaged area, among other requirements. Thus, this may not be a great option for most people – however, it’s a possibility to think about pursuing if you’re just starting your college career.
- There are also grants available that may be put towards the college education. However, these too have specific requirements that will not fit most people’s situations, so don’t count on them.
- In general, you’ll be hard pressed to find the federal government or any creditor forgiving anyone’s debt. It’s just not good business sense. Thus, you need to come up with your own ways to earn extra money to pay down your debt. Some ideas include…
- Get an addition part time job. This is the hardest option, as it requires so much of your time, so only do this when desperate.
- Freelance out of your home. There are plenty of opportunities to sell your work online. Online writing, for example, is one rather lucrative field. You can write in your spare time for sites and earn either upfront payments or shares of the ad revenues that your articles make. Over time you could build a nice little online empire of writing and use that money to pay down your debt. This is a great way to get a passive income stream coming in.
- Sell off some of your assets. Online sites like Amazon, Ebay, and Craigslist open up the global market for your stuff. What you think is junk might actually fetch some good value if you try.
- Start a home business. Internet marketing, drop shipping, Ebay businesses, Amazon businesses, and digital products and services are great ways to earn money to pay down debt. Best of all, if you develop your business enough, you’ll eventually be able to make it a full time job if you’d like.
- Save money wherever you can. This is more like ‘free’ money because you won’t have to use any of your labor to ‘produce’ it. Instead, cut back where you can, both on minor and major expenditures. Cut back on utilities, car payments, clothing, transportation costs, entertainment, eating out – whatever you can do to preserve a good quality of life while accelerating your student loan repayment.
- Ask for a loan from a friend or family member. They will often loan you the cash you need at a rate that’s lower than the interest rate you’re paying on your education loans. Always put your agreement in writing so that both sides know the terms of the deal.
- Win the lottery. Hey, you never know!
If you have any other ideas, leave them in the comments!
Debt slowly eats away at your financial health. Each payment you make towards interest is burned money. For those carrying anywhere from a little debt to a crushing amount, how do you even go about fixing this problem? Here are some ways to get out of debt. They only require knowledge, planning, and willpower to complete, leading you to a life of financial freedom.
- Get a free credit report from one of the three credit agencies and analyze your situation. If there are any problem accounts, attack them first to restore your credit.
- Pay down your highest interest-rate debts first. For most people, this will be credit cards. One of the best ways to get out of credit card debt is to pay more than the minimum payment. Recent reforms require credit companies to be more forthcoming with how long it will take you to pay off your debt, but most people don’t realize that paying the minimum keeps them locked in years of debt slavery. Create a budget that eliminates unneeded expenses and luxuries, and put the savings towards wiping out the high-interest debt.
- Consider moving debt around from high-interest to low-interest accounts. For example, you could transfer balances to lower interest cards, or use a home-equity line of credit to wipe out higher interest rate debts. This is probably the best ways to get out of debt fast, but it is also dangerous: don’t let unused credit get filled up again, otherwise you’ll find yourself back where you started. Many credit cards offer promotions for balance transfers at a very low percent, so consider moving your debt around to these offers. (Always read the fine print for the stipulations.)
- The best way to get out of debt is to use all your assets at your disposal towards paying it down. Money sitting in a savings account is making a very low rate of return. Using that money to pay off a chunk of your debt will save you many dollars – it is like you are earning the %APR of the credit card back into your pocket! Also, if you have any assets you can sell – car, boat, motorcycle, electronics, etc. – consider parting with it to help pay off your outstanding debts. It may hurt now, but you’ll save yourself a deeper, more significant long-term pain.
- Borrow from other sources – 401(k)s, friends and families, life insurance plans, etc. Be careful of any penalties that may be assessed by withdrawing money early. If you borrow from friends or family, make sure you draw up the terms of the loan in writing so that everyone involved is clear and comfortable with the arrangement.
- Stop buying stuff. The more your debt increases, the worse it will get.
- Find other ways to entertain yourself aside from gadgets and expensive goods. Find cheap hobbies that can take up your time and save you money which you can then use to repay your debts.
- Find some odd jobs/part-time work to increase your income, and use that money to pay off your debt.
- Hire a debt counselor to help you overcome your debt. These professionals will help you tailor your plan to your individual financial situation. For instance, a group like this may help you…
- Reorganize your debt and get better terms. If you are near the edge of bankruptcy, lenders may work with you to lower your payments and improve the terms of your credit. They don’t want you to go bankrupt because it is a financial risk to them, so they will often go the extra mile to help you.
- In the end, bankruptcy is the final option. Do not do this lightly. Always consult with professionals, including lawyers, to go over all your options.
For more information, check out The Debt Solution System.