How to earn money when you’re unemployed

Business News | 4 Feb, 2019 |

If you have recently been made redundant or have been forced to walk out of your job, you may be wondering how you can earn money or earn that extra bit of income to support both yourself and your family.

Job-hunting is extremely time-consuming, and while you’re spending those long hours searching for a suitable position, you may be feeling guilty at the fact that you aren’t earning a wage. You still have rent and bills to pay and need to put food on the table, but is there anything you can really do about it? The good news is that you don’t necessarily need to be in a job to earn a bit of cash and you could start up some side-line money-makers to keep on once you secure a new job role.

Sell what you don’t need

If you haven’t had a wardrobe clearance recently, now might be a good time to do it while you have a bit of free time to spare. You may have purchased a handful of expensive items over the years which have been left in the cupboard unused.  If so, you could go on to advertise them on online selling pages such as on eBay. Over 4 million users are now active on this particular selling site; many of which have gone on to create their very own businesses for new and used goods.

Turn your skills into cash

Do you have any hobbies that could make you a bit of money? For example, if you are a keen writer, you could search online job boards for freelance positions that aren’t contractually binding and can be taken on whenever you have some time to spare. Clients usually pay per word, and the price is usually dependent on your experience and complexity of the task.

Make an investment

In order to make an investment, you will need to be comfortable parting with a large proportion of your savings that you won’t be needing in the next five years or so. Instead of holding your cash in the bank, you will be making the most of your money with the intentions of making a healthy profit.

There are many investments to consider, such as the likes of shares, properties or foreign currency and it will be up to you as to where is best to invest your hard-earned savings. Crawford Park Farming AG offer a unique farmland investment in agriculture. This industry grows orchards of almonds which are highly profitable in the current age due to the significant rise in demand, as a result of limited land and water to aid new plantings. As almonds are becoming rarer, there is a better chance of a higher return on investment with the rising costs for buyers. Test the waters and see what options are out there that you may want to consider investing in.

Rent out a room

If you have an unused spare room in your home, you are sitting on a real money-making scheme. An extra room could potentially become a new source of income for renters; especially if you live in a desirable, central location which is nearby to a city or a popular vacation resort.

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