If we’ve never been tested before, we know that COVID has played a huge role in our finances. When we first learned about COVID, and the world began to shift, many people were not prepared for what was to come. Many people couldn’t go to work because it wasn’t safe. Many people lost their jobs.
It’s safe to say, lots of people where put between a rock and a hard place. While jobs were looking to figure out what systems would accommodate the situation, life felt like it was on pause. Most people with one source of income began to panic. I say all this to say, it’s extremely important to diversify your coins.
Having a major stream of income is dope but don’t stop there. No matter what you do, you can always find a way to do more. But you may wonder, “what exactly can I do if I work 8 hours each day?” Truth is, I got you covered. Here’s a few ideas to consider.
Become a Micro-Entrepreneur
With apps like Lyft, Uber, Instacart, Doordash, and Grubhub making money on the side has never been easier. And when I say easy, I mean EASY! All of these apps are as simple as a download of the app, registration, and you’re on your way. Apps like these give you the ability to make money at any given time. The best part is the fact that you can pay yourself out the same day if necessary. With opportunities like this in your back pocket, you’ll never go broke.
Sell a Product/Service
Dig deep inside and discover your passion or simply put your hobby to work. You could sell a product like shirts, bundles, kids clothes, or even an ebook. If you’re computer literate, offer a class, or monthly workshop, or even resume building. Whether you paint in your spare time or organize closets, you can turn your skills into a side hustle.
Get a Day Job
We live in a time where working a 9-5 is shamed upon virtually, quite often. However, working a 9-5 could be the best decision you make as an entrepreneur perusing your dreams. A 9-5 is a job that brings in most the income you need to survive. However, you can turn your 9-5 into the reason you get to live the life that you want. Your day job doesn’t just have to help you with bills. Your day job can help you get ahead. When it comes to your business that you wanna start, you need funds to invest. If you’re thinking about becoming an investor, your day job can help you get there.
Invest in Real Estate
Real Estate is one of those things that can truly change the trajectory of your life. There’s many ways to get into real estate, whether it’s buying and flipping, buying and holding, managing, becoming a real estate agent, wholesaling, etc. The list goes on. No matter the direction you choose to go in, real estate is a game changer. It gives you the ability to allow your money to work for you.
Invest in Stocks
The stock market is becoming more and more popular. Nowadays it’s easy to find young people who are into stocks and trading. They’ve figured out the value of learning this skill and how it can impact there pockets and lifestyle. Stocks and trading give you an opportunity to make money in your sleep. Yes, it involves a lot of learning and trial and error. But you will be proud of the person you become just by being willing to take a risk.
These are just 5 ways to diversify your income. There’s many more contingent upon your scenario. Begin to look for more opportunities to take advantage of. Diversify your coins. Never become victim to one source of income. Take more control over your financial life. Make a difference. Make a change.