With the economic climate more uncertain than ever and unemployment reaching record levels, we need to keep a closer eye on the purse strings. Just six months ago, you were probably in the throes of planning your next vacation, contemplating doing some home renovations, and looking forward to the year ahead. Fast forward to today and the world has changed immeasurably. People are now becoming more reflective and thinking about their priorities. While you were once bothered about the sporty little car on your driveway and the curb appeal of your house, you are now more concerned about the health of your family and spending quality time with your nearest and dearest.
Now, it’s time to consider how you can protect yourself from the economic uncertainty that coronavirus has brought. Check out these three inspiring side hustles that can give you some extra financial security.
There’s never been a better time to have a clear out of your humble abode. Head into your attic and venture into your drawers and cupboards to seek out those unwanted items that could still be worth some cash. Listing these items on eBay will enable you to top up your bank balance without having to pay tax on your sales. If you haven’t used an item in twelve months, get it listed and sold. One person’s junk really is another person’s treasure. Utilize all of the photos that you are allowed and write honest and detailed product descriptions. Point out flaws and list accordingly. You can choose to go to auction with a low starting price to entice potential buyers or you could go for the buy it now approach when selling your wares.
Take On A More Flexitarian Career
Millennials are now looking to a more varied and dynamic career rather than a set nine to five office job to earn their wage. You can do the same. If the company you work for is making redundancies, consider taking on an extra job here and there. Doing multiple part time jobs allows you to experience more variety in your working life, you can meet new people, and gain experience across a number of fields. Think about looking for part-time customer service work alongside your role as an administrator or marketing executive. You might even want to have an evening job as a delivery driver. All these separate roles will add up to a comfortable wage.
Start A Business
You don’t have to give up your full-time job to start a little business as a side hustle. Think about what you love doing as a hobby and try to turn it into a money-making venture. If you adore terrariums, make these miniature bottled gardens to sell online. If you love art, consider putting some of your designs onto some custom made tee shirts. Start slowly and invest minimal cash to ensure that you don’t lose money. Any orders you take and sales that you make will be a bonus. Remember, it should be something you are passionate about, so it won’t even feel like a job.
With the world looking economically uncertain, it makes sense to diversify, watch the purse strings, and top up your bank balance.