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Living Daily. This

1:10

is Optimal Finance Daily, episode 2673, 7 Ways to

1:13

Make Money Instead of Working a Full-Time

1:17

Job, by Courtney Luke

1:20

of arrestyourdebt.com. And

1:22

I'm your host and personal finance enthusiast,

1:24

Diana Merriam. Welcome back

1:26

to Optimal Finance Daily, where I'm here with

1:28

you each and every day reading from some

1:30

of the world's best personal finance blogs. And

1:33

with that, let's get right to today's article

1:35

and start optimizing your life. 7

1:42

Ways to Make Money Instead of Working a

1:44

Full-Time Job, by Courtney

1:46

Luke of arrestyourdebt.com. These

1:50

days, everyone's hustling and overworking themselves to

1:52

make ends meet. Unfortunately,

1:54

their money comes at the cost of their

1:56

mental health and social lives. Work

1:59

doesn't leave time for hobbies and loved ones. To

2:02

many, the perks of working around the

2:04

clock, such as job security and constant

2:07

income, are no longer enough. According

2:10

to Forrest McCall of Don't Work Another

2:12

Day, you can quit your job and

2:14

pursue a flexible career through multiple income

2:16

streams. This work will

2:19

leave your schedule relatively free, improving your

2:21

mental health and providing time for yourself

2:23

and your family. Here

2:25

are a few ways to earn money without a

2:27

full-time job. 1.

2:30

Investment Investment is an

2:32

income strategy that does not require a 9-5 workday

2:35

to generate money. Instead, you

2:37

purchase an asset and sell it at a

2:39

higher price after some time. These

2:41

assets can be anything. However,

2:43

shares, bonds, precious metals,

2:46

virtual currency, and property are the

2:48

most common investment tools. Start

2:51

investing, you'll require an initial soon,

2:53

making it an unsuitable option for many if

2:55

they don't have the capital. It

2:58

also comes with risk, as assets can drop

3:00

in value instead of rising. You

3:03

should heavily research the market to

3:05

avoid such undesirable situations. Find

3:08

which commodity is performing well and determine the

3:11

best time to buy and sell. Ensure

3:13

your investments are small initially. The

3:16

more money you invest, the more you may lose.

3:19

For better returns, you should diversify your

3:21

investments. 2. Start

3:24

a business. Starting

3:27

a business can be daunting, especially

3:29

since 45% failed during the first

3:31

five years. However, marketing

3:33

and customer service makes any business

3:35

plan a reality. Start

3:37

your business small and focus on establishing an

3:40

online presence and creating a brand name. Boost

3:43

traffic to your website through social media

3:45

and sell only a limited number of

3:47

products at first. Smaller

3:49

businesses have a greater chance of succeeding

3:51

as they require less investment and have

3:54

no closing costs. To

3:56

ensure your business's success, choose products

3:58

customers are likely to buy. such

4:00

as food, paintings, cosmetics, and

4:03

accessories. Having a

4:05

business allows you to create your schedule and

4:07

manage things accordingly. When your

4:09

business grows and becomes difficult to handle, you

4:11

can always hire assistants to share the workload.

4:14

This way, you can continue making money and

4:16

have free time. Number

4:18

3. Freelancing. Freelancers

4:21

work on a contract basis. They

4:23

have the freedom to dictate their terms to the

4:26

employer and choose whether to take a job or

4:28

not. Freelancing is

4:30

done in almost every field, from graphic

4:32

design to modeling. Freelancing

4:34

skills can easily be acquired through short

4:36

courses and do not require an advanced

4:38

degree. To attract clients,

4:41

you must create an appealing profile

4:43

with a well-equipped portfolio on a

4:45

freelancing website. Employers

4:47

usually only hire freelancers with good ratings, so

4:49

it will take a few months for you

4:51

to establish yourself as a freelancer and solely

4:53

rely on it for your income. It's

4:56

vital to note that working from home can get

4:58

tricky. It often blurs the lines

5:00

between work and life, and finishing your work

5:02

can be hard when your loved ones are nearby. To

5:05

ensure you stay on track, create a

5:07

proper work schedule and utilize mobile apps

5:09

that help avoid distractions. Number

5:13

4. Start a blog.

5:15

Blogging is a great way to express yourself

5:17

regarding topics you're passionate about. You

5:20

can start a blog on any topic,

5:22

eventually becoming an informative and interactive website.

5:25

Aside from creating content, you'll also have to

5:27

design a website and graphics for your blog.

5:30

Building a website can be intimidating,

5:32

especially if you're unfamiliar with programming.

5:35

Multiple online platforms with a simple

5:37

interface allow you to create unique

5:39

websites. If your website

5:42

is appealing and strategic, it can generate a

5:44

lot of traffic through search engines. Once

5:47

people visit your blog, you can begin making

5:49

money by placing Google ads on your website.

5:52

While you control the size and format,

5:54

Google chooses the ad. The

5:56

ads are related to your blog's niche, and you

5:58

earn money whenever you want. someone clicks on them.

6:01

You can also use your blog for sponsored

6:03

product reviews, in which a company will directly

6:05

pay you for your service. Earning

6:08

from a blog is unsuitable as a steady

6:10

income option. It can vary

6:13

too much, as user preferences continue to

6:15

evolve. As a result,

6:17

your blog can quickly become outdated. Instead

6:19

of relying on your blog as your

6:22

primary income source, consider it an extra

6:24

earning option. Number

6:26

5. Teaching. In

6:29

physical teaching, substituting is a great way

6:31

to earn a steady income without working

6:33

9 to 5 hours. Substitute

6:35

teachers are also provided with summer vacation

6:37

and perks, such as free health and

6:40

life insurance if they're government employees. Working

6:43

as a substitute teacher in a school allows

6:45

you to enjoy a flexible schedule with these

6:47

added perks. For that, you'll

6:49

also require a bachelor's degree and a

6:52

state certification for teaching. Consider

6:54

teaching a vocational course if you

6:56

prefer something even more flexible and

6:58

accommodating. These courses can teach

7:00

anything from a skill to a language. They're

7:03

usually a few months long. Most

7:05

students are adults and require

7:07

less management. You can also teach

7:09

courses online and have students from all over

7:11

the world. Charging students

7:13

for additional learning aids is another way for

7:16

teachers to earn more money. Over

7:18

the years, you can build a reputation for your

7:20

course, which allows you to raise prices. Teaching

7:23

a class gives you guaranteed income and a

7:25

flexible schedule to devote to other parts of

7:28

your life. Number 6. Rent

7:31

out a room. Your

7:33

apartment or house might have a spare room.

7:35

Instead of letting it gather dust, clean the room

7:38

and rent it out to someone. As

7:40

property prices skyrocket, most people starting with

7:42

their jobs cannot afford to rent an

7:45

apartment. This makes single rooms

7:47

highly in demand. Carefully

7:49

choose your tenant. Ensure they have

7:51

a steady income and good credit scores so that

7:53

they can pay the rent. Check

7:56

that their temperament matches yours, making

7:58

arguments less likely. Renting

8:00

a room is ideal if you live alone,

8:02

but if you have a family with children,

8:04

your tenant will make noise complaints and he

8:06

can get hard to find a favorable deal.

8:09

A number seven house sitting. Many.

8:12

People frequently travel because of constant work

8:14

trips and eighty cents. As

8:16

a result, they leave a lot of valuables

8:18

behind in their homes, including pets. They.

8:21

Need someone to care for their house and pets

8:23

when they're gone? So they hire a house sitter.

8:26

To work as a house that are, you must create a

8:28

profile on a related. Website and ensure you

8:30

have favorable reviews from have clients

8:32

to testify to your services. A

8:35

House Sitters sets their rates depending on the

8:37

houses size, the number of pets, and the

8:39

requirement list of the employers. Before.

8:41

Taking on any job. Signed the contract

8:44

with an employer of what ball size

8:46

expect. The. Agreement Less you

8:48

avoid any miscommunication, an unresolved

8:50

expectations later on. Then.

8:53

As your house sitting profile grows he to

8:55

make it a steady income over time. And

8:58

new. If. You're looking

9:00

to escape the overburdening or culture of a

9:02

nine to five job and pursue a more

9:05

flexible career path. The jobs mentioned

9:07

today can help. Remember. That

9:09

in the beginning Beasley as will not produce

9:11

a sizable salary you can live off. So.

9:13

You may have to consider two to three modes

9:15

of earnings and make ends meet. However,

9:18

as you gain experience and your presence

9:20

in the field crows to be able

9:22

to have higher salaries are having a

9:24

relaxed schedule. You. Can also maintain

9:26

a healthy work life balance and will not

9:28

have the over burn yourself with a full

9:30

time just. You

9:36

just listen to the post titled. Seven.

9:38

Ways to make money instead of working a

9:40

full time To Her by Courtney Luke of

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A Rest Your data com. And. I'll

9:44

be right back with my commentary. If

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are so many benefits to not having

11:03

a full-time job, but I'm glad I

11:05

waited to explore self-employment. I

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first got myself to a strong

11:11

financial position through traditional W-2 employment

11:13

and then I decided I was in a good position

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to take a risk. I've

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heard people say that they would rather

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hours for someone else, but

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I don't agree with this sentiment personally.

11:27

I'd rather work 40 hours for someone

11:29

else to get into the financial position

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where I can graduate to working only

11:33

20 hours for myself. The

11:37

issue is that there's a ton of uncertainty when

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it comes to your income when you're self-employed. Of

11:42

course, this depends on your line of work,

11:44

but I can tell you from personal experience

11:46

that all of my projections on what I

11:49

thought I would earn from various sources of

11:51

income were incorrect, which is okay

11:53

because I'm in the financial position to not have

11:55

to worry too much about my income. But

11:57

if I had a lot of financial I'd

12:00

be very careful about self-employment. One

12:04

strategy to consider is starting many of

12:06

the things mentioned in this article as

12:08

a side hustle. If

12:10

you gain traction on the income side, then

12:12

you can consider if it makes sense to

12:14

focus on it full-time. And

12:17

that'll do it for another edition of Optimal

12:19

Finance Daily. Thank you so much for joining

12:21

today and every day. And I'll

12:23

be back again tomorrow, so I'll see you there

12:26

where your optimal life awaits.