5 Ways to Create Extra Income While Still Having a Full-Time Job
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Not everyone gets to have a job they like. According to a survey conducted by CV-Library, about 55.6% of Brits are dissatisfied with their jobs, and 38.9% cited poor salaries as the main reason for their discontent. The exploitative job market and sheer difficulty in finding a great employer have forced many people into accepting low-paying jobs. Without financial security, those who are stuck in undervalued jobs put their mental health at risk and maybe one emergency, accident, illness, or crisis away from a financial disaster.
Fortunately, it's possible to have more income streams aside from a full-time job. If this sounds like something you need or want to do, here are some ideas to help you get started:
Start a YouTube channel
Having a YouTube channel is a great side hustle for people who enjoy being in front of a camera. It pays well, too, especially if you have a big audience. Business Insider reveals that YouTubers can earn up to £1,700 for videos with 100,000 views, and up to £28,353 for videos with 1 million views. This is all through ads or sponsored content! There are several ways to gain a following online, whether you want to be an expert on a particular subject or even just share your daily life with viewers. As long as you have charisma and the patience to create high-quality videos, you can definitely build a career out of YouTube.
Trade forex
Trading forex is a great way to supplement your income. Unlike other financial markets, the forex market is open 24 hours a day, 5 days a week. This means that you can trade forex and complete your 9-to-5 job on the same day. However, it is important to remember that trading forex isn’t a walk in the park. For one, you need to have a basic understanding of the forex market and how trading works. Thankfully, you can always try your hand at simulated trading first before shelling out any actual cash. FXCM’s MetaTrader 4 platform highlights how you can easily download demo platforms on your computer and phone, allowing you to practice your forex trading skills wherever and whenever you have access to the internet. By choosing forex trading as your side gig, you can potentially make huge returns without having to compromise your day job.
Sell your art
Contributor Carol J Meyer states that creativity is essential for economic growth. And as an industry, it's one of the most dynamic sectors in the world. So if you have a penchant for creating art, it might be a great idea to earn extra cash by selling your works. However, a lot of artists find it difficult to sell their art without gallery representation. Thankfully, websites like Etsy and eBay have made it easier for artists to get their crafts out in the market and fully enjoy their earnings without needing the help of any middlemen.
Become a virtual assistant
The internet has made remote work possible around the world. Because of this, many professionals have started hiring virtual assistants to do administrative work or provide personal assistance. The work virtual assistants do can vary depending on the individual, but it usually includes writing, organising, project management, researching, transcribing, and data-editing tasks. If you’re interested in becoming a virtual assistant, be sure to check out websites like Upwork and Fiverr.
Invest in stocks
Investing in stocks may be daunting, but it’s an excellent way to earn extra money if you don’t want to actively manage it. This is because stocks are a long-term investment and all you really need to do is check on them occasionally. What’s more, some stocks give out dividends, which is when a company distributes a part of its earnings to its shareholders. In addition, there’s never been an easier time to invest in stocks than now. Stock investment platforms like Evestor and Vanguard can simply be downloaded on your phone or computer. So even if investing in stocks can be scary, complicated, and confusing, it is worth the risk if you have the patience and determination to learn.