Showing posts with label recession. Show all posts
Showing posts with label recession. Show all posts

Monday, January 23, 2012

Legal Side Hustles: Ways to Curb The Recession through odd jobs

Yes we are a month into 2012, and the war in Iraq is over. However, we are still in a recession, many folks are either out of work, working reduced hours, or haven't seen a pay raise since George W. Bush was in office. Plus it is a presidential election year, making things more iffy financially. 


Being that I always have to find ways to earn extra money and stay above water, I have been looking into side hustles.  This means additional but legal and amazingly practical sources of income.  What will follow will be a list of what would be considered odd but practical legal side jobs.  They don't include gambling, selling drugs, pipe dreams, or cheating the IRS. They have been proven to put extra cash in your pocket without often having to punch a time clock.


1. Sitting (children, houses, and even pets)


All of these can be extremely lucrative, even pet sitting and pampering. I have a friend in St Louis, MO that started with just pet sitting and now runs her own pet pampering business full time. Plus I know someone personally that house and pet sat for the last week of December and pocketed $600.  Not bad, eh?  Now opening a daycare is one thing.  I'm talking about simple, routine, sitting and caretaking


2. Sports referee.


Many guys I know referee and umpire sporting events year round. Like some of the jobs on this list, a test is required. But once that test is passed and you build your reputation, you can have some change in your life. It's an added bonus if you love sports and can handle hostile crowds.


3. Test proctor


A former employer put me onto this. Many standardized tests (SAT, ACT, LSAT, GRE, etc) are administered every weekend. These tests need folks to proctor them, i.e., monitor them, and get paid for it. 


4. Blogger


Yes you can get paid for what I currently do, mostly from ads and/or TV shows and entertainment sites. Believe me, I don't plan on writing for free my entire life!


5. Personal trainer


These are especially popular during this time of the year. Certification, and obviously being in superb physical shape, is a must. But if you regularly work out, this is also a good way to bank some dollars while doing something you already do on the regular


6. Network marketing


Now many of these companies have been called "pyramid schemes" and overall the name makes most screech. However, there are many reputable ones, such as Mary Kay, Avon, Tupperware, and even Pure Romance. Even if you fail to turn a profit from a business such as this, it makes an awesome tax write off


7. Repair services (TV, home, car, computer)


If you possess natural and trained skills on how to fix and repair various items, you can almost name your own price, provided you are skilled and reputable enough. 


8. Lawn/yard care


Landscaping companies have long been known as "prison schemes" as a way for parolees to make money when society doesn't roll out the welcome wagon for them. Hey, don't knock the hustle. With a riding lawn mower, weed eater, pressure washer, and a few other garden tools, you can be spending your spare time making spare change.


9. Tutor


Now many services offer free tutoring in many subjects. However, for advanced academic subjects such as law, computer skills, accounting, creative writing, art and music, it pays to know how to help others.


10. Bounty Hunter


This is for the thrill seekers out there who aren't afraid to bring in bail and border jumpers. You can collect the reward and go. Dog and Beth don't have to be the only ones getting paid from this dirty job.


11.  Event Planner


This has become really popular among women, especially the super organized that love weddings and other extravagant events.  Hundreds of dollars can be made on a single weekend for planning a great event or party


12.  Car detailing


Different from repairing and beyond washing cars, someone whom details cars vacuums, cleans, waxes, and basically cleans parts of the vehicle you may not know to clean. The pay is small/vehicle but enough clientele can add up.


13.  Chauffeur


This is mostly driving folks around that don't have their own transportation, and competing with and even overcompensating for lack of public transit. There are instances where you must have a chauffeur's license so check into this. 


14. Boarders


If you have an extra room in your home (assuming you own your home), rent that room out for a few hundred dollars to someone you trust. They get a place to stay, and you can apply the money directly towards the mortgage or other bills.


15. Photographer


Buy yourself a nice camera, start small, and you would be surprised how much you can make working certain contracts and events. Weddings, parties, even setting up at a nightclub a couple of nights/week is where its at far as the photography game. It is competitive so if you're good with the glass eye and have good connections, use them!


There are many others, but most fall in the same category of having to be certified, licensed, and otherwise qualified. Notice that some of these jobs can be worked on a part time basis, on a contract, typically legal. 


So get to researching these and other side jobs. Your tax refund won't last forever, and you may be able to make your own full time job or business from something as small as one of these "hustles"





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Monday, June 27, 2011

Financial tips Part 1 from the self proclaimed economically sound brotha

Being that I'm a financial person as well as a numbers person, I feel inclined to give some financial tips that have helped me over the years. I've been living on a tight budget since well before the recession. Now I'm taking it to the next level by getting into couponing more. 11 is one of my favorite numbers so here are 11 quick financial tips I have learned over the years.

- Drive on regular roads whenever possible, and try not to speed to save on gas.

When you go at blazing speeds, (60 mph or higher) you tend to burn more gas. This is because your engine is working harder to go faster and thus burning gas at a faster rate. Therefore, stick to the scenic routes whenever possible.

- Bring your lunch to work

You would be surprised how much the average person spends on lunch/week. Some folks spend about 60/week, well over 200/month, just on lunch. Bringing your lunch is very practical and economically sound. Whether its bringing leftovers from dinner the night before, or buying cheap lunch meat and bread, you can feed yourself lunch for about $5/week, or even 20/month. Makes sense, doesn't it?

- Try to refrain from running errands on your lunch break

I understand there are times where you only have that 1 hour window to get things done. However, even driving 2 miles every day on your lunch hour can burn gas like a 20 minute road trip, especially with the A/C blasting. Try to keep the car parked at lunch. Better yet, carpool.

- Don't shop or eat out unless its a sale or a special

I feel buying nice things and eating at nice restaurants is a treat. However, waiting for a sale or a special makes it all the more sweeter, as you save money in your pocket.

-80/10/10

Use this basic ratio when budgeting. Use 80% of your check for miscellanei, 10% on your tithes, and the other 10% on saving. The Lord must be paid first, then save some money, then use the other 80 to help out with other various expenses.

- Layaway

As mentioned in an earlier blog, layaway can be awesome. Don't turn your nose up at the idea.

- Coupon, coupon, COUPON!!!

Couponing has become more popular with the recent TLC show Extreme Couponing. Now most folks wanna do it. However, give it a try, use your Sunday papers and various couponing websites. Also, find out which stores double and match coupons.

- Buy wholesale

You have Sams Club, Costco, and the unsung BJs. Wholesale ( buying in bulk) is especially effective when you have a large family and your grocery bill is in the 100s every week. Membership to these stores is a low yearly fee, and can be well worth your while.

- Let go of the SUV

Sure its great for family vacations and the like. But that gas bill will kill ya. Try downgrading to a sedan or a compact. Think about it, theres a reason Hummer was discontinued last year.

- Unplug anything at night you don't use or need.

A woman on the Oprah show did this years ago and it worked. I decided to try it and its very true. The electric company will charge you if you have an outlet occupied. So why have something unplugged that you do not need.

- Give up that Starbucks

I also previously blogged on this. You can make coffee cheaper at your home, and you don't even need a coffee maker.

This blog is definitely incomplete. These are simply some quick tips that have helped me save money during tough times.

Stay tuned for more!

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