Though you can absolutely survive and even thrive, it’s actually better to have multiple options laid out for you on one income stream. Multiple income streams prop you up and protect you if you lose your job, and some that are passive can continue to help you well into retirement.
Some income streams are great for the short term; others are long term, but they can all help you stay more financially secure and a little bit extra every month. To help you get started with your own income streams, just try out the top options in our list:
Take Up Small Jobs Online
There are many great little jobs that you can do remotely and online. The best part about them is that there is absolutely no pressure. Paid surveys, for example, are an excellent way to bring in a little bit of extra money without any pressure or quotas to reach. You fill them out when you have the time, and you can rack up the rewards as you go. Just remember that reputable companies will never ask for personal information like your social security or bank details, so be careful when choosing a survey site and ideally stick with the largest and most popular ones to stay safe.
Rent to Others
You can rent a lot of things out to others. You can rent out your spare room, and you can rent out your sports equipment, or your toolkit, or even your car. Many sites are designed just for this, meaning that you can make money on items you already own but aren’t using right this moment with ease.
Sell Curated Collections Online
If you already like online shopping and love to find unique and interesting pieces, then you can make a side business out of this. You can either do it with second-hand items or partner with artists and other boutique shops to do things like offer a subscription service or a basket of goodies to customers who are eager for something cool and unique.
Sell Digital Products
Photography, music, and videography can make you money on an ongoing basis through stock sites. All you need is to have full copyright of the item and then put it up on a stock site for sale. These sites are more number sites, so you will want to aim to put up more content over and over again. The good thing about this option, however, is that you only need to do it once. The photos that you sell can continue to make you money next months, all the way to ten years from now, so long as the company, they are uploaded to is still in business, and people are still buying your images.
There are many great ways to increase your income, even as a working professional. Knowing how to do this and getting started can feel like big steps, but you’ll wonder why it took you so long to get started once you take the plunge.
