Personal Finance 101

SHOW ME THE MONEY

What is Passive Income?

What is Passive Income?
Wealth Teacher provides money management tips to thousands of people. For example, financially independent people have assets that generate income (cash flow) that is at least equal to their expenses. Financial freedom means that you have enough wealth or money to live on, without working. Income you earn without having to work a job is commonly referred to as passive income. The major key to experiencing both financial freedom and time freedom is to develop multiple streams of income (i.e. invest in startup companies, invest in real estate, invest in stocks).
 
To become truly financially independent, you must earn a sizeable passive income that’s enough to cater to your needs and still have extra funds to enjoy the luxuries of life. Passive income refers to money that flows in whether you work or not. It can also be referred to as the reward for your investments. Almost everyone starts with active income before a few people graduate to earning from their passive income.
 
Everyone wants to earn passive income, but it takes time and effort to build up. You need to be determined and focused enough to direct the proceeds from your active income towards creating a passive income stream. But once you begin, it becomes easier as you learn from your mistakes and you get motivated to do more. Are you ready to create ways to make passive income?
 
The best time to start is now! A lot of people often tell themselves that they must earn more or grow older before they can start earning passive income – this is so wrong. It is best to start now, especially if you are younger and not burdened with responsibilities. Plus, when you are younger, you have a lot more energy and can dabble in several things.
 
As you get older, your energy level drops, and you will rarely have enough time. Your time will be taken up by your spouse and kids and you will not really have the desire to try new things. Very few people appreciate how much energy and vitality they have when they are young, so we end up misusing our youth and then spend our old age regretting. To become financially free, you need to begin your efforts early.
Why is passive income important? Well, when you start to earn all or the bulk of your income from passive income investments, you’re able to:
  • Retire early
  • Spend more time with family and friends
  • Build generational wealth and trust funds
  • Travel around the world and holiday in exotic locations
  • Buy your dream home
  • Buy your dream car
  • Have access to better medical or healthcare
  • Volunteer and donate to causes that you believe in
  • Holiday or vacate whenever you want
  • Start a business doing what you love
  • Work from anywhere, such as a beach in Ibiza
The list is basically endless, to include stay at home jobs with a flexible work schedule. There are so many advantages that passive income streams can earn you. And if you are looking to become financially independent and willing to learn how to make passive income, we have more financial education below. See financial planning steps.

HOW TO MAKE MONEY ONLINE

How To Make Money Online

10 Ways to Make Money Online

There are a number of quick ways to make money online, but these are typically short-term ventures.  This article addresses ways to generate a continuous flow of active income and passive income, on either a part time or full time basis.  This said, do not be misled by the word part-time job.  All of the methods discussed here require some effort, but the rewards can be life changing and very lucrative.

1. Create a niche blog and provide affiliate marketing  

A blog just refers to a certain type of website. Unlike a lot of other websites, blogs are generally updated regularly. The first step in building a niche blog, such as wealthteacher.info is to decide on your “niche” or the topic of your blog. It should be something that interests you, but in order to make money from it, you need to choose a topic that is likely to attract affiliate companies that will pay you to direct business their way.  For example, if you decide to blog about weight loss, firms like Nutrisystem, Jennie Craig, WW, and others may compensate you to include a link to their websites.  Stumped about a niche?  Register as an Amazon Associate, which enables you to use Amazon’s Keyword Planner to find profitable niches.

2. Package your knowledge as a product by creating an online course

If you have vast knowledge about a topic, you can monetize that knowledge by creating and selling a digital course, i.e. Basic Guide to Wealth Management. Maybe it is buying stocks, real estate investing, or how to make money online.  There are several websites that will help you build your course, including udemy.com, teachable.com, and skillshare.com.

3. Monetize a YouTube channel 

Build a YouTube channel and load it with educational content, such as “how to” videos, and/or entertainment videos.  Maybe you have always wanted to be a stand-up comic or a songwriter. Apply for the YouTube Partner Program and, once accepted, include ads on your videos in order to make money online.  YouTube pays $3 to $5 on average for every 1,000 views, even if the viewer does not make a purchase.  It doesn’t sound like much, but it can add up if your channel attracts a lot of people.

4. Get paid to Teach/Tutor English online

People in other countries who want to learn English pay good money for virtual lessons via Skype.  VerbalPlanet, a site dedicated to teaching and learning languages, allows you to set your own hours and establish your own rates.  You can also find these types of assignments listed on more general freelance websites, such as Indeed and Upwork.  Some require you to be ESL (English as a Second Language) certified, but many do not.

5. Build a profitable app or other type of software

There’s an app for that,”—or maybe not.  Perhaps you have an idea for a new app or a software product that you think would be immensely popular.  If you happen to have the skillset, you can build the app yourself and submit it to the Apple and Google stores for acceptance.  Once it is, you will make money anytime someone downloads your product or makes an in-app purchase. There are numerous websites that will help you promote your app or tool, including Facebook Ads and Product Hunt. If you don’t have the skillset needed, you can also hire a developer to make your idea become a reality.  Of course, this will cut into your profits.  Another option is to obtain the skillset necessary.  There are several online programs designed to teach you the tools of the trade, including codeacademy.com and treehouse.com.  

6. Sell physical products online

If you have your own creations you would like to sell, you can build a customized website over a weekend with the help of Shopify.  You can even try Shopify for free to see if you like it.  Alternatively, if you’re not the creative type, you can buy inexpensive products that are made in some other country and sell them online for a higher price.  You can also list your items on Craigslist and eBay in addition to or instead of creating your own website.  Another great alternative is to sell on Amazon.  If you choose to use Fulfillment by Amazon (FBA), you can store your products in Amazon warehouses, and Amazon will also handle the shipping, returns, and customer service issues for you.  The company offers free two-day shipping for its Prime members, an attractive feature that your customers will like.  

7. Make money online as a virtual assistant

Companies often hire remote virtual assistants to help them with a variety of tasks, such as managing email, posting on social media sites, data entry, bookkeeping, and research.  Good sites to register on for these types of jobs are Upwork, Guru, and Indeed.

8. Sell your services online

Amazon also has a marketplace for professional services, including electrical, plumbing, handyman, cleaning, and assembly services.  No sign up, subscription or lead fees are involved. There are sites dedicated to selling specific niche services, as well:  Cloudpeeps specializes in marketing and public relations services; Gigster is a site for high-level software developers; Toptal also provides a platform for high-level software developers as well as other professionals, such as financial advisors; and designers can sell their services on a site like 99Designs.

9. Earn money as a transcriptionist

Professionals in numerous fields make presentations at seminars and other events and want the audio of the session transcribed—i.e., transformed into a written document.  If you are a good typist with great focus, you may be able to earn $15 to $25 per audio hour as a transcriptionist.  Check out sites like Transcribe Me, Quicktate, and Upwork for this type of work.  

10. Sell your teaching materials online

Maybe you have created some materials for your classroom that have worked particularly well.  There’s a market for that.  New teachers, as well as experienced teachers looking for new ideas, will pay for everything from task cards to study guides to worksheets to lesson plans to whole courses.  Teachers Pay Teachers, Educents, and Teacher Lingo are three sites that facilitate the sale of these types of materials.

ABOUT WEALTH TEACHER

To meet the Teacher

Meet the Teacher

At an early stage in life, I (Quincy Goff) bought into the idea that I would one day live the American Dream and share the wealth. After graduating from high school and many years of attending college, hard work and long hours on the job or jobs, I thought I was well on my way to the path of financial success. I had accomplished my academic goals of acquiring a MBA (Masters, Bachelors, and Associates degree), but I still did not have a MBA (Mega Bank Account).
 
Likewise, I examined the lifestyles of many of my relatives, friends, and peers and saw that they were sitting in the same boat as I. If that wasn’t enough, I witnessed numerous hard working Americans with over 30, 40, or 50 years of job experience with barely anything to show for their efforts: still unable to live in the home of their dreams, still not able to drive the car of their dreams, still can not retire, and much less travel around the world. Many of whom have reduced their hopes down to winning the lottery or jackpot someday.
 
According to the Bureau of Labor Statistics, in 2020, the following were the average salaries for Americans based on ages 45 to 54 years old: $1,112 weekly or $57,824 annually. Through additional research and to my surprise, I discovered that about 10 (ten) percent of individual Americans earn over $100,000 per year!
 
The last straw happened when I was denied a simple request for a credit card increase by my bank in spite of my good credit score (700 or above) and loyal years as a customer. On the other hand, my bank would have easily granted my request if I would have put up the title of my car as collateral. However, I was totally offended by the matter and did not care to proceed forward with the request. I felt as though my proven credit history report should have been more than enough to satisfy their terms of approval.
 
So on that very day, I made a promise to myself that my days of financial lack are coming to an end! Then I diligently began to study the ultra wealthy and any material on the topic of money and investing on a daily basis. Secondly, I took action and continually applied the knowledge I learned and adjusted accordingly.
 
I also came across some amazing show me the money discoveries and eventually saw a great need to teach financial literacy and financial freedom in this world. Nowadays, I have a six-figure income and I am well on my way to living the abundant life and the Wealth Teacher at https://wealthteacher.info was born as a result!
 
Wealth Teacher is dedicated to teaching people how to make money and obtain freedom through a high financial IQ, investing, and financial planning. When I am not enriching others with financial freedom tips, I enjoy creating, learning, participating in various sports or fitness activities, relaxing, traveling, and spending quality time with family and friends.

FINANCIAL PLANNING

A financial plan report shows revenue or earning strategy.

1. Master High Income Skills and Earn More Money

Generally speaking, you do not have a savings problem, you have an income problem. You need to earn a lot more income as well as increase your income earning potential. In order to do that, I highly recommend you focus your energy on mastering a high income skill (a skill that will help you make a minimum of $10,000 per month) that does not require a post-secondary education. In addition, this is a skill set that you could learn the basics within a relatively short period of time, such as a few months. Take the following list of high income skills for example: advertising (i.e. create and manage Facebook ads, Google ads), affiliate marketing, consulting, copywriting, sell digital courses, digital marketing, eCommerce (i.e. Amazon FBA, Shopify Dropshipping), entrepreneur, lead generation, public speaking, sales, web design, or YouTube channel creator. On a side note, investment banker is one of the highest paying jobs that require a college degree. Overall, pick a skill that most resonates or interests you, that you may be naturally good at and commit to getting better every single day.

The best way to make a lot of money is by creating multiple streams of income, preferably from passive income ideas. Thus, everyone has some skill that they are gifted at. Discover your talent, master that ability as well as become a subject matter expert, and then form creative ways to make money from it. It could be teaching how to golf, dance, play a musical instrument, code or computer programing, graphic designing, swimming, etc. So start writing that movie script. Begin painting that picture. Set out to practice daily that activity you are best at and figure out how to monetize it. Likewise, you can position yourself to earn more money as a freelancer on huge website platforms like fiverr, guru and upwork. 

2. Have A Financial Plan

In order to build passive income, you must have a financial plan. Passive income streams do not happen by chance, it is a reward for meticulous financial planning and effort. Have a plan that states how much you expect to save every month; how much you intend to invest and the things that you need to work on. You need to fix a timeline to your goals and work within that timeline.

3. Save Money to Invest

Another step towards earning a passive income is to set aside money to invest. I recommend that you save a minimum of ten percent of your active income to invest into income producing assets that will have positive cash flow and that you are at least 99% sure will appreciate over time. Of course, this savings should be after paying your taxes. Remember that you can not build a passive income if you have not committed to the idea of reserving money until you have enough to invest in a sure thing (asset).

4. Realize That You Have to Start Small

A lot of people get discouraged at the beginning when they realize how far they have to go. A journey of a thousand miles begins with a step. Even though your goals are lofty, you have to set milestones. These realistic milestones will serve to guide you and remind you that you have achieved some things and you are on the right path.

5. Start now

Do not wait until your understanding of financial literacy is almost perfect; however, devote your time toward obtaining a high financial IQ by reading numerous personal finance books from the Wealth Teacher Library. Likewise, every rich or wealthy individual had to start from somewhere. Warren Buffett, one of the most successful investors of all time, bought his first shares of stock when he was 11 years old and became a millionaire by age 30 and a billionaire at 56. So begin that personal financial planning process, increase your income, start saving and start investing. Remain consistent with what you do, and you will reap the rewards. 

16 Proven Ways to Make Money Fast

A businessman that is on the path upwards to financial success.

Personal Finance Strategies

You have finally gotten around to creating a budget or financial plan.  Perhaps you have discovered your monthly income does not cover your monthly expenses.  Each month you are getting deeper and deeper in debt.  There are two ways to remedy the situation: (1) determine where you can cut down some of your monthly expenses; and/or (2) figure out how to make money fast, such as a second job.  This article provides 16 personal finance strategies to do the latter.

1. Drive people around

Sign up to be a driver for Uber or Lyft if you have a fairly new car and a clean driving record.  You can decide when you want to work—maybe just on weekends if you already have a full-time job.  The hourly wage varies depending on the location, but Uber drivers average $20 an hour.

2. Babysit  

Care.com enables you to offer your services as a babysitter, nanny, special needs caregiver, and/or senior caregiver. This is another instance in which you can also advertise in your local newspaper, on the bulletin board of a local business, or via social media and garner some references.

3. Dog walking

A lot of dog lovers have jobs that keep them away from their homes for long hours.  They will pay for someone to walk their dogs once or twice a day to ensure Fido gets the exercise he needs to keep him healthy.  An ad in your local newspaper or on the bulletin board of your local grocery store or some other local business should get you started in this endeavor. Social media should also work. The aforementioned Rover.com also matches owners with dog walkers.

4. Deliver food  

People often order from restaurants that do not offer delivery.  That is where companies like Postmates, DoorDash, and Ubereats come into play.  They deliver meals from these establishments to the consumers.  It is easy to sign up to be a driver for any of these companies, and you can work whenever and however many hours you want.

5. Teach English to kids  

Sign up to be a teacher on VIPkid and teach English to elementary-level Chinese students.  No knowledge of Chinese is needed.  Work one-on-one with a student to make money online.  You can set your own schedule.  There is no minimum-hour requirement and no commitment.  Lesson plans are provided.  The pay ranges from $15 to $22 an hour.

6. Run errands 

Many people hate the time they have to spend running errands.  That is where you come in.  Earn money shopping or simply standing in line for those must-have concert tickets.  TaskRabbit is a site that allows you to advertise your services for a one-time $25 registration fee.  

7. Turn your car into a billboard

If you have a quality vehicle and can pass a basic background check, you can also earn money by allowing companies to advertise on it.  Carvertise.com and Wrapify.com are two websites that match drivers with advertisers.  Wrapify’s website indicates you can earn anywhere from $174 to $452 a month, depending on your location and how much of your vehicle you agree to turn into a billboard.

8. Craigslist gigs

Check out Craigslist.com for gigs in your area.  These are typically short-term, temporary jobs for which you can earn a quick buck.  There are various categories from which to choose, including labor, crew, writing, talent, computer, domestic, and creative.

9. Shop for and deliver groceries  

Download the Instacart app to your smart phone, receive customer orders, do the shopping, and deliver the goods.  You can choose your own hours, but you will need access to a car.

10. Become a tutor  

One of the other services care.com supports is tutoring.  Parents are more than willing to pay to help their child advance in school.  If you have a lot of knowledge in subjects such as computers, math, or the sciences, you can earn good money. Two other platforms on which you can offer your tutoring services are indeed.com and wyzant.com.  

Related: How to Make Money in College

11. Answer questions  

If you possess superior knowledge about a topic, you can share your expertise on a platform like JustAnswer.  Medical experts, legal experts, car mechanics, computer engineers, and home renovators are among those who can earn money online simply by answering questions that people submit.

12. Sell your blood plasma  

You can do this at a hospital or some other donation center, earning anywhere from $10 on up.  You have to be at least 18 years old, healthy, and weigh at least 110 pounds to be a plasma donor.  You can sell your plasma as often as twice a week to get cash.

13. Post links for Fortune 500 companies  

Computer Improvement sets you up with your own website and then you post links to name-brand companies or Fortune 500 companies like Visa, Bank of America, and Goldman Sachs.  You do not need to be a computer expert; Computer Improvement does all the work for you. If you can do email, you can do this and earn over $37 an hour.  

14. Do voiceovers  

If you have a good voice, you may be able to earn money doing voiceovers. Voices.com is a freelancer platform on which you can offer your services to companies that are looking for a certain “voice.” Voices.com even has a beginner’s guide to voice acting on its site.

15. Perform odd jobs

Several sites enable you to advertise your talent for painting, house cleaning, window cleaning, sewing, furniture assembly, electrical work, and more.  TaskRabbit is one.  Thumbtack and Gigwalk are two others to check out.

16. Pet sitting

When they have to be away for some duration, a lot of people prefer to have their beloved pet continue to enjoy the familiar surroundings of home as opposed to putting them in a kennel. And there simply are not any pet care facilities available for some types of animals.  Petsitter.com is a site that matches pet owners with potential pet sitters.  You can sign up for the basic plan for free to see if you like it.  Rover.com is another site.  You can also put an ad in your local newspaper or on the bulletin board of your local grocery store or some other local business, or use social media to get the word out. These types of ads might be the way to go initially so that you can accumulate customer reviews to add to your profile on Petsitter.com.

How to Manage Your Money

To show that you should set aside funds to treat yourself, such as a vacation and enjoy life.

Famous Celebrities with Wealth

We are all stunned when we read about a famous celebrity who made millions over the course of his or her career, but who dies bankrupt.  When actress Judy Garland of Wizard of Oz  fame died in 1969, she had over $4 million in unpaid debt.  The million-dollar estate of Mickey Rooney, whose acting career spanned nine decades, had been reduced to only $18,000 when he died at age 93.  Michael Jackson was $500 million in debt when he died in 2009, and Burt Reynolds, immensely popular in the 1960s, 1970s, and 1980s, declared bankruptcy in the 1990s.  “I’ve lost more money than is possible because I just haven’t watched it,” Reynolds is quoted as saying in 2015, three years before his death.

Mr. Reynolds’ statement is a powerful one.  It does not matter how much money you make, you have to learn to manage it wisely.  And as these celebrities’ situations indicate, it’s not how much money you make, but, rather, how much money you keep.  Unfortunately, these celebrities fell victim to what is known as “lifestyle creep.”  The more money they earned, the more they spent, eventually borrowing even more money to support the lavish lifestyles to which they had become accustomed.  

Avoiding lifestyle creep requires a disciplined approach, but it need not be a complex endeavor.  One simple technique is to employ a bucket money management system. Using this system, you distribute your income among five buckets:  a necessities fund, an emergency fund, an investment fund, an education fund, and a fun fund.  

Related: Charli D’Amelio Net Worth

Necessities Fund

The money in this necessities fund is held in cash or in your checking account to pay for life’s necessities, such as housing, utilities, food, transportation, and insurance.  A recommended target is 60 percent.  That is, 60% of your income should go to spending on necessities.

Emergency Fund

The money in this fund is to be used for emergencies, like that huge deductible you must pay if you have to have an unexpected surgery.  You should grow the money in this emergency fund until it equals at least six months of monthly expenses, should you lose your job or another emergency situation.  Since you need this money quickly if an emergency occurs, this money should be kept in a bank savings or money market account, where it will earn at least a little interest, but still be readily accessible.  Start by directing 10% of your income into this bucket.  Then do not touch it unless a true emergency occurs—and that does not mean a Caribbean vacation, no matter how well-deserved.

Investment Fund

You also need to plan for your future, i.e. retirement.  Another 10 percent of your income should be invested in assets that can be expected to increase in value over the long term, such as stocks, real estate, and business.  You can invest in some paper assets, such as stocks, exchange-traded funds (ETF), bonds with as little as $100 to start building wealth.  One of the best pieces of money management advice is, “Pay yourself first.”  When you direct $100 to be automatically invested in the investment fund each month, you are unlikely to miss that money.  There is an old saying in the investment world: “Bulls get rich, and bears get rich, but pigs get led to slaughter.”  Do not be greedy and invest in something that may (or may not) be able to return 25% a year.  A 7% to 10% return will allow your money to grow nicely without exposing you to unnecessary risk. If you are seeking much higher returns on investment, then become a qualified accredited investor per the Securities and Exchange Commission.

Education Fund

In addition to investing for retirement, you should also be investing in yourself.  The money in this education fund is set aside to spend on increasing your high income skillsets through online courses, attending seminars and other personal development events, reading personal finance books or other beneficial material, and perhaps registering for a public speaking class at your local community college.  It is recommended that 10% of your income be directed into a fund to support these activities.

Fun Fund

It helps us maintain our discipline when we know we also have a fun fund that we can spend on anything we want, so another 10% of your income should go into a fun fund that will enable you to enjoy some of the fruits of your labor.  Maybe it is that new electronic device you have your eye on, a nice dinner out, perhaps a round trip to an all inclusive resort, or tickets to an upcoming concert or athletic event.

In reading this, you may be saying to yourself, “There is no way I can live on just 60% of my current income.  My necessary expenses amount to much more than that.”  So, adjust the percentages for each of your buckets.  Maybe you need to put 80% of your current income in the Necessities Bucket, but do not neglect the other buckets.  You could then direct 5% of your income in the other four buckets until you can afford more—perhaps because you get a raise.  Just do not let that raise make you the next victim of lifestyle creep.

Manage Money Like the Rich

As you earn more and more money, you should adjust your money management system accordingly.  If you are earning less than $50,000 a year, directing 10% of it to your investment fund is your goal.  But once you start earning between $50,000 and $200,000, you should target 15% for that fund, reducing your necessities fund to 55% of your income.  When you are earning between $200,000 and $500,000, start putting 25% into investments, and beyond that, 35% or more.  Again, you can do this by reducing the percentage you direct to your necessities fund.  Think about it.  If someone is earning $1 million a year and is spending 60% of it on necessities, that’s $600,000 a year.  That is pretty extravagant. Remember, it is ideal to keep your monthly expenses low and your assets or income column high in order to avoid lifestyle creep from eating your wealth.

FINANCIAL LITERACY DICTIONARY

HOW TO MAKE EXTRA MONEY

How To Make Extra Money

22 Side Hustle Ideas

1. Sell clothes and accessories you no longer use  

Maybe that basement or attic that you could rent out is cluttered with stuff you do not need.  Clean it out and list the items you no longer want on one of a number of platforms, like Facebook Marketplace, eBay or Craigslist.

When it comes to this side hustle, poshmark.com makes it easy to sell your brand-name clothes and quality accessories.  Take a picture of your item, post it on the site, and when it sells, poshmark emails you a pre-paid, pre-addressed shipping label to use to mail it to the buyer.

2. Rent out extra storage space  

If you have extra space in your basement or attic—or even an extra bedroom–and need cash, neighbor.com will help you rent it out to someone who needs more storage.

3. Lose weight  

Healthywage.com pays you to lose weight.  All you have to do is register on the site, indicate the amount of weight you want to lose, and bet on the amount of time it will take you.  Your bet can range from $20 to $500 a month, and it’s possible to win as much as $10,000, depending on how much you bet, how much you have to lose, and how long it takes you.

4. Sign up to be a mock juror  

If you have ever watched the TV show Bull, you are aware that attorneys sometimes want to do a mock trial to determine how well the arguments they make are working before they actually go to trial.  Sign up to be a mock juror on eJury.com and earn anywhere from $5 to $10 a case.

5. Share your writing talent  

Another side hustle idea includes writing articles, eBooks, resumes, test banks, cover letters and more for clients.  Upload your profile, including some writing samples, to one of several freelancer websites, like Upwork.com and Guru.com.

6. Participate in market research

There are a number of platforms that collect consumers’ opinions on products and businesses for companies.  Respondent.io pays cash. Some, like Toluna, pay with reward points that can be redeemed for all sorts of things, including store vouchers and getaways.

7. Product testing  

Here is another example of how to earn money online. Join Focusgroup.com and get invited to test new products before they are brought to market.  Earn $75 to $150 for your time.

8. Be a website tester  

Get paid to test new web and mobile sites.  Usertesting.com pays $10 for every 20-minute test.  They pay more when you participate in an interview.

9. Be a music reviewer  

Listen to new music and provide your feedback on the various aspects of it—vocals, rhythm, etc.—on www.slicethepie.com. Your review goes directly to the artist(s), and you get paid cash.

10. Make money for browsing the internet  

Download the Swagbuck app to your device, browse the internet, and share your opinion on the content you view, including TV shows, movies, and new products and services.  Earn Swagbucks that can be redeemed for gift cards to retailers like Target, Amazon, Starbucks, Walmart, and more.

11. Use your photography skills  

You don’t have to be a professional photographer to make money from the photos you take.  You can sell the pictures you snap to stock photo agencies like Shutterstock, Adobe Stock, and iStock.  You get paid whenever someone downloads one of your photos.

12. Teach an online course

There are a number of positions for online teachers at all levels of the educational scale listed on indeed.com.  Not all are for academic subjects.  There are also opportunities for those who can teach a craft or Zumba, and there are online coaching opportunities as well from time to time.

13. Sell old books and games  

Those books and old video games gathering dust can put cash in your pocket, too.  Textbooks, in particular, will command a high price if they are fairly recent—i.e., still in use in the classrooms—and in good condition.  Amazon.com makes it easy to do.  Sign up as an individual seller and list your item for just $0.99 plus a referral fee (which varies by category).

14. Get paid when you shop

Rakuten (formerly Ebates) pays you money when you shop online at a myriad of different online stores, including Stein Mart, Pier One, Walmart, and Best Buy. You can earn anywhere from 1% to 15% of your purchase price, and sometimes even more. Rakuten pays you via PayPal or a check mailed to your house.

15. Become a model  

You don’t have to be young and beautiful to sign up for modeling gigs on BookModels.com. They want people of all ages, genders, shapes and sizes, and ethnicities for gigs as vendor models, brand ambassadors, event staff, product demonstrators, and more.  You might find yourself at festivals, expos, fashion shows, car shows, trade shows, and photo shoots among other venues, earning $15 to $50 an hour.

16. Earn extra money watching videos

Earn more money by watching videos or TV on your computer or smart phone.  Large companies and brands wishing to increase their visibility hook up with the InboxDollars, which, in turn, recruits you to watch the content they provide.  In return, you get virtual scratch-off cards that reveal an award of anything from a few cents to a hundred dollars.  It’s not much, but it can add up, and there is a $5 registration bonus.

17. Get scratching  

The android app Lucktastic issues new free digital scratch-off tickets every day.  Scratch off three matching symbols, and you can win anything from $1 to $10,000.  Of course, you’ll have to view an ad before you can scratch off the tickets, which is how Lucktastic earns the prize money it distributes.

18. Turn your grocery receipts into cash

The Ibotta app enables you to get cash back when you buy certain items at the grocery store.  First, search the Ibotta app for items on your grocery list. After you check out, snap a picture of your cash register receipt, scan the barcodes of those items, and you’ll get cash back.  If you purchase 10 of the items on the app’s list within 14 days, you’ll also get a $20 bonus for signing on.

19. Be a virtual assistant  

Companies hire people to work remotely answering emails, doing data entry, and helping with marketing, among other tasks.  Upload your profile on a site like Upwork.com to get started.

20. Be a proofreader or editor  

Don’t like writing from scratch, but have good grammar, punctuation, and spelling skills?  Many writers are looking for people to proofread and/or edit their work.  You can sign up for these jobs on fiverr.com or guru.com as well.

21. Offer an online course  

You don’t have to have a PhD in anything, you just need to have a good bit of knowledge about a subject in order to create an online course.  There are a number of websites that facilitate this, including teachable.com, udemy.com and skillshare.com.  Skillshare specializes in courses on creative topics, such as photography, illustration, and design.

22. Be a transcriptionist  

Numerous professionals want to have a hard copy of an event in which they have participated, such as a court proceeding or a seminar or class they held.  Transcriptionists listen to the audio, typing it up as they do so.  If you’re a good typist and have good focus, this might be a great gig for you.  You can find people looking for this service on many freelancer sites, including  Guru and Fiverr.

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