Do you have enough money to engage in all the activities you love?
Once all the bills are paid each month, is there enough left over to enjoy a fun outing or save up for a big trip in a year or two?
Are you worried about not having enough to retire on when you get older?
You are not alone if you are facing any of these scenarios.
Earning enough money to survive is one thing.
Having the resources to enjoy all that life has to offer is another.
You can find contentment at many different income levels, but sometimes it would be nice to have some more money, right?
Fortunately, earning some extra cash is possible.
In 2023, with the Internet at our fingertips and many other modern technologies, earning a little more money outside of your primary job is very doable.
Here are some unique ways to earn extra cash.
Switch to a High-Yield Savings Account
If you have enough money for the opening balance, then a high-yield savings account can be better than most savings and checking accounts.
Often, these high-yield accounts are affiliated with online financial institutions rather than traditional brick-and-mortar banks.
If you want your money in a secure place, then it might as well work a little harder for you.
High-yield accounts have better interest rates than other savings and checking accounts, resulting in better returns on the money that is kept there.
They may have some more fees and a higher requirement for a minimum balance, but the payoff is worth it.Â
Put Your Money in a Certificate of Deposit
A Certificate of Deposit, or CD, is like a short-term savings account.
Similar to the high-yield accounts, it has better interest rates and is usually even better than high-yield accounts.
The main difference is that CDs are temporary.
You can put your money into a 12-month CD that has a higher return, which you will receive at the end of that term.
However, there are high costs to withdrawing money from a CD, so you should only use this tool if you have money that you do not plan to access for the duration of the term.
Putting your money in a credit union CD is a great way to earn some extra cash with the money that you already have in the bank over a short period.Â
Start a Blog
The world of the Internet provides many unique opportunities for making money. One of them involves sharing your thoughts or expertise with others in the form of a blog.
Writing blogs is one of the most common hobbies that leverages the Internet.
You could write about anything, such as food reviews, travel adventures, marketing tips, home improvement, book reviews, movies/TV shows, and much more.
You can turn this hobby into a money-making venture by monetizing your blog website.
Allowing ads is one of the most basic strategies to make money on your blog, but you can also look for affiliate marketing links or sponsored posts to accomplish similar objectives.
If you love writing about a particular topic, why not try making some money while doing so?
Sell Your Creations on Etsy
Making money off of a hobby is incredibly satisfying.
If you do not have the writing chops to start a blog, but you still want to share your hobby with the world somehow, then maybe you can sell physical products on an e-commerce platform like Etsy.
Do you make woodworking items, small clay sculptures, or unique toy dolls that little kids would love as gifts?
You could advertise and sell your products on Etsy without having to put too much effort into the logistical side of things.
This platform, and others like it, is perfectly set up to help entrepreneurs market their offerings to customers online, and they can easily be shared on social media as well.Â
Create a Mini Course
Lots of entrepreneurs make money by sharing their expertise about a specific topic.
Plus, with so many online course platforms, it is easier than ever to create a curriculum and sell it to others.
Maybe you spent years in a particular industry and have a lot of wisdom to share with aspiring professionals entering the same field. You could create a mini course that people will pay to take.Â
The World is Full of Opportunities if You Know Where to Find Them
Maybe you have heard of all these ideas to earn some extra cash.
Maybe you have never heard of any of them. Either way, all it takes is a little research to find some opportunities to make some extra cash in 2023.
Whether you move your money to a more secure account with better returns, start and monetize a blog, sell creations on Etsy, or create a mini course about a topic you know well, there are plenty of ways to increase your income to plan for a better financial future.Â
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