With the current state of the economy and the United States speeding into another recession, it’s time to take a hard and honest look at your bank account. Do you have enough in your savings account to survive many more months of lockdown if you lose your job? For many of us, that answer is a harsh no.
Now is an important time to plan for the future and take control of your finances. Investing isn’t the best option right now, with the stock market struggling to hold value. Even high-yield savings accounts have a meager return on investment.
You could always get a second job working at an essential business on nights and weekends. However, the hours are draining, the customers are a nightmare, and the work is not anywhere close to your dream job. Working a service sector job would also take away from your time to enjoy your hobbies and passions.
You need a second (or third!) source of income that allows you to make money through the activities that bring you joy. Below, we’ve described some lucrative money-makers that won’t crush your soul.
If shopping and shopping is your passion, consider using that love to make some extra cash while you relax on the couch as a fashion reseller. There are two different routes you can take your fashion-based side hustle.
First, you can sell off the items already in your closet. Anything that doesn’t fit, is left over from last season, or doesn’t match your current style is money sitting in your closet. You’re already not wearing these clothes, so you won’t miss having them around. By selling them, you make money while someone else finds the perfect addition to their wardrobe that fits their body type and style.
If you aren’t ready to part with anything in your collection, consider buying clothes to upcycle and sell. If it’s a great item at a fantastic price, buy it even if it isn’t your size or style. You can then pass it along to someone else who loves it while you make a few bucks. If you’re good with your hands, you could even tweak it and sell it as upcycled.
Thrift stores, consignment shops, friend’s closets, estate sales, and even eBay are great places to find bargains on like-new, name-brand clothing. These are great places to begin your fashion reselling business.
Do you yearn to spend every night and weekend at the tastiest restaurants, hottest clubs, or fancy gatherings? Would a Sunday afternoon on a yacht be your dream come true? Sometimes, finding invites to these events is a challenge. Plus, the cost of clothes, alcohol, and entry fees tend to add up fast.
To live and afford the lifestyle of luxury events, while also making a profit, consider a job as an escort. You get paid to show up as arm candy for a night on the town or a weekend of luxury. Instead of spending money, you’re making it.
All you have to do is be your attractive, charming, stylish self and enjoy the event with your date for the evening. You already work hard at the gym and yoga studio. Why not use that investment to your advantage and get paid to look sexy?
Working as an escort developed a bad reputation in the past. However, the industry has changed for the better. Think of it as going on a first date with someone you met on the internet. Even better than a blind date, a company vets this person for safety, pays for everything, and they won’t be expecting a future together. You get paid to provide a girlfriend experience without any risks or commitment. You can learn more here.
Is your favorite way to relax driving around town with the windows down and music blasting? Consider a gig with a ride-sharing company. You can pick up passengers along your route to make money while you unwind.
Because you’re not committed to a set route or schedule, you can switch on the app and see if anyone wants to go the way you’re traveling. It’s a hassle-free way to boost your bank account without any extra effort.
If you enjoy long road trips, reach out to RV and rental car companies. Often, they need safe, willing drivers to move their vehicles from one place to another. With this job, not only can you get out of town and see new parts of the country, but you also do so without having to spend any gas money or put the miles on your own car.
For most fun side jobs, you work as an independent contractor, not an employee of the company. They pay you without taking out any state or federal taxes. When April 15 rolls around, you’ll be responsible for sending those deductions to the government yourself.
It’s essential to determine these costs and keep that money set aside. You don’t want your side hustle to create more financial problems than you had when you began.