Money on the Side 75 Ways to Earn Extra Money Working Side Jobs

By MM Barricelli

Are you working a full time job and still not able to make ends meet? Want to start a part time business but having trouble getting started?

Are you interested in making extra money using your basic everyday skills?

This book can help you find ways to earn extra money doing small side jobs

• Language: English
• Publisher: MM Barricelli
• Release date: Apr 9, 2021
• ISBN: 9781087941967

MM Barricelli

Michelle is a writer and consultant helping people start or grow their business with over 20 years of professional experience. She also provides research on various topics for other writers, companies and agencies.

Book preview

CHAPTER 1

Where Did All My Money Go?

Have you ever asked yourself that question just after you got paid from your full time job?

For many of us we simply live paycheck to paycheck with little savings set aside for emergencies. When something major happens we struggle to find a way to pay for the emergency and usually we go to the credit card. Wouldn’t it be great if we could just write a check from our savings account and be done with it?

There is a way to get there. It starts with working many small side jobs to create multiple streams of income and taking that money and putting it aside. It’s called banking it. Take anything extra and put it in the bank.

If you are working full time and want to get ahead of your finances don’t wait for that raise to come anytime soon with this crazy economy. Take control and begin to find ways to supplement and build up multiple streams of income from outside sources. It is the only way to gain financial independence.

This may sound hard if you are already struggling financially and feel overwhelmed but what we must keep in mind is this: You will never get ahead of the game by working one job.

It is just a fact of life. One job is a big money trap. Working as an employee for a company is a risk to great to depend on for our financial security. Why?

When we are working for someone else, we begin to depend on that paycheck. We create our lifestyle based on that paycheck and often live beyond our means because we feel safe with our job and income. We begin to live off future paychecks we haven’t yet received. We take risks such as building that swimming pool, or buying a new car or a bunch of new clothes. We become extravagant and buy the big boat instead of renting one. That’s when the job becomes the money trap, locking you into a lifestyle of debt praying for the next paycheck to come quickly.

We create a lifestyle and expect our job to keep up with our cost of living but it is impossible. Wages are stagnant. They have been stagnating for over a decade but the cost of housing and goods have all increased. Those costs we immediately notice. What we don’t notice are the other kinds of costs we never accounted for such as gasoline taxes, liquor and cigarette taxes, cable and wireless, electric, utility taxes, town excise taxes. Of course food costs have skyrocketed and housing maintenance and insurance costs are on the rise.

One paycheck cannot possibly stay ahead of the high cost of living unless you have a lifestyle that matches the monthly expenses with money to bank consistently and put aside for your retirement or college for the kids. That is pretty hard on a $75,000 a year income let alone working for a minimum wages between $7.25/hr. to $12.00/hr.

So if you are wondering why you are using credit cards more to pay for basic things there are plenty of reasons why. The United States has become too expensive to live comfortably on a modest income.

According to Statista, a company that tracks statistics, in 2019 over 53% of the workers earned under $75,000 a year with 16.5% of those same workers earning between $50,000 and $75,000. That is roughly $6,250 gross monthly before taxes and FICA and after taxes comes to around $57,500 a year or roughly $4791.per month. (https://www.statista.com/statistics/203183/percentage-distribution-of-household-income-in-the-us/)

Most of that monthly of $4791.00 will go for car payments, health care, housing and food, utilities, insurances and other basic necessities leaving very little left over for savings. It is even more difficult to save if your wages are under $50,000. It is not impossible, but it is harder and harder because all the costs of living will continue to increase.

What would you do with an extra $500.00 a week? I hope you said bank it.

With many of the second incomes noted in this book it is more than possible to increase your cash flow by taking on various second jobs and even turn those side lines into a full time business.

The easiest way to take control of your income and regain your financial independence is by building up additional income and that means working on the side.

CHAPTER 2

We All Have Marketable Skills

Most of us don’t think of ourselves as a commodity with earning power that is marketable but every skill we acquired in our lifetime can be shaped into a source of income.

All of those early skills are the beginning of careers that are molded and reshaped over time and every skill we ever accumulated in a lifetime is valuable.

Over the course of the past several years wages were stagnate. Now we are suffering through one of the most difficult periods in our history with this pandemic virus.

Getting a lucrative job today is not easy. The landscape for employment has drastically changed and it is more unstable today than ever before in our economic history.

Many people lack the necessary skills to compete in the global market place where technology related jobs are the future. Low wage jobs are too low to build any real equity in savings or to buy property. Most of the low end paying jobs in retail such as cashiers and warehouse are being replaced with kiosks and automation. Applications for work are all done on- line using algorithms to weed out potential candidates.

Grocery stores have also drastically changed replacing cashiers with self- service check- out lanes. Worse, during this pandemic crisis, hundreds of retail stores, restaurants and small businesses closed shedding thousands of jobs leaving millions unemployed without any other means of income. All of these factors stand in the way of obtaining necessary employment. The way we were raised, to get a job, keep that job no longer applies in the current job market.

Todays’ income stream is unpredictable and we can’t depend on one source for all of our income to meet our needs. Our income must come from multiple sources and we need to be flexible and adapt our skills to the changing corporate landscape.

For us to gain financial independence we have to rethink our financial strategy and take control of our earning potential by placing a value on our time and evaluate our marketable skills.

Our income success is based on our own flexibility and open mindedness to work many little jobs that could turn into a full time revenue stream we could build from, if that is what we desire.

I am confident that self-employment doing jobs on the side has earning potential and nearly all of us have the skills to earn extra money and create multiple revenue streams.

As we have seen from the financial and housing crisis of 2008 and this horrible pandemic, nothing is safe. Nothing is forever secure and we cannot predict if and when hard economic times will affect us.

The only thing that is totally under our control is our income yet most of us don’t see it that way. We have this idea stuck in our minds that our income only comes from one source, one full time job and we have to accept whatever pay the company offers to us. This is not true.

We should never be too proud to do any type of work to survive. What I found through my own personal experiences is good and reasonable people are not judging us by the way we make a living only those superficial gravitate toward labels and income status.

Only individuals who are pretentious and materialistic judge us by the type of work we do and the amount of money we earn. That stigmatism creates our own self-consciousness regarding our financial goals and keeps us from stepping out and doing something different, something we are over skilled for.

No job is beneath us and there is no shame for having to ask for work or take a job we feel we are over qualified for. We never know who we will meet during the course of working small jobs and where those new contacts will lead us.

CHAPTER 3

Work Should Be Fun

What we have to keep in mind about second income job sources is they are not get rich quick schemes. They are sources for immediate cash. They are not going to make us immediately wealthy. They are a way to survive and supplement our income. Even if you only make a hundred