Now that you know how to make extra money, try a few of these (or all 30) and see if you can generate a nice little chunk of change. You can use these ideas no matter what Baby Step you’re on! Take that extra cash you bring in and toss it at your money goals—things like paying off debt, saving up for your emergency fund, or putting a little extra toward retirement. With extra dollars in your pocket you’ll be kicking major butt on your goals in no time!
While this isn’t exactly a long-term solution for making money (since you have to pay it back), it is a reliable way to get some extra cash when you’re in a pinch. It’s also a great way to make money by saving money if you use a personal loan to pay off high-interest debt, such as credit cards. Since getting a loan is one of the easiest ways to make extra money, we felt we had to include it.
For anyone who has capped at their current job, it could be time to look for another. If your salary is capped, it typically means that you are an expert for your current job, and the company can’t pay you anymore money for doing the same job. Take this as a sign to better utilize your skills at a more challenging, and subsequently higher paying job.