Parenting is a tough job, and it may seem like 24 hours is not enough to get everything done. Expenses are also ever-present, which is why having a second job, or better, a small business, can be a lifesaver. While it is not advisable to leave your day job, there are ways on how you can increase your income and also get to spend more time with the family.
Although it is not a quick and easy task, it definitely pays off later on. You will have to invest time, effort, or money at first. Still, at least you will be well on your way to freeing yourself from tight budgets and strict office schedules—all you need to do is tap into your creative genius and get more resourceful in looking into these new opportunities for growth.
Start a Small Business
Contrary to popular belief, you do not need thousands of dollars to start a business. But what would be crucial is expertise on a particular skill or product. If you have always been good at carpentry, it may be high time to get certified for this job and accept work from friends and family on weekends. If you have always been passionate about make-up and styling, you can check out beauty schools for short courses and schedules that will complement your current work schedule.
Once you have acquired the needed license, certification, or business knowledge, you need to know the basics of running your own business. It is important to be a hands-on entrepreneur, especially if you are starting. This allows you to become more familiar with the ropes of the trade while saving on manpower expenses. There are many tutorials online where you can learn from; make sure to look for reputable sources.
There may be some adjustments at first since you will need to invest your time and effort to get licensed or certified, or even perhaps earn a new degree, but this would mean getting to advance or expand your employment or business opportunities. Almost every parent dreads having to spend eight to nine hours at work and sometimes miss important school events for their children, making this new business opportunity a welcome change.
Start an Investment
Money sitting at the bank is money lost. As they say, time is gold, and your money should be growing and must not be left sitting in a bank account earning a lot less than what it should be. Investments may seem scary to many, but it is important to know the types of investments and which ones can work for you.
The first thing you need to know is investments are often long-term, which means you can only use money that you will not need in the near future. The shortest time for a long-term investment to earn is typically five years. Hence, investors need to be patient. If you have a financial advisor, you can also seek advice regarding which investments suit you best. This will depend on your risk appetite and how much you are willing to invest. They should be able to provide you with information on which markets are a good place to start.
Sell Items You No Longer Use
Almost every family has a room full (or half full) of items they no longer use. If these take up more space than they should, it is high time to put up that garage sale sign and start earning. Take the time to sort out clothing, books, bedding, furniture, and other items that are stacked up and collecting dust in the attic or basement and turn them into cash.
Make sure to clean and dust them off, or if you have the time, repair or repaint them—this will allow you to sell these at a higher price. Make sure everyone knows when and where you are holding the sale. Create a post on social media and share them with various online communities located nearby. You can also tap into collector communities in case you have any collectible items they might be interested in.
There are a lot of ways on how you can earn more nowadays—thanks to online learning and social media. All you need to do is find the right platforms and strategies and turn them into a tool that can help you start a business, earn more, or invest. Just make sure to take the time to do your research to ensure they are all legitimate and well within your means.