You’ve probably thought of this pretty important question: How can I leverage resources if I myself do not have a lot of money? There are actually more than a few ways to make money using very little capitol at all.
Anyone remotely confident who doesn’t have much money, and who doesn’t work more than 50 hours a week, should be tutoring. That’s step number 1. Tutoring pays between 40 and 75 bucks an hour in cities like Manhattan. You’re going to be paid $100 an hour to tutor 10-year-old kids. You don’t have to be an expert in chemistry because these are very elementary, basic subjects. If you’re tutoring 20 hours a week at $40 an hour, that’s another $3200 a month. That’s $40,000 a year. Your knowledge is a resource all of the time, but when you’re broke, it can seriously benefit you financially.
Rent Your Resources
- Put your apartment up for rent on Airnb if you have friends that you can stay with a few days a month. People want to rent them, sometimes for weekends and sometimes for entire weeks. So, go visit with your parents. Sit on anybody’s couch, and make some money from your apartment.
- Rent out your car to folks while you’re at work all day. It’s just sitting there anyway. Think about the Uber system.
- Look at all the crap you have all over the house. For instance, that camera that you bought for $200 and now you couldn’t even sell it for $65. Rent it out to your friends when they go on trips. Ask for $20 deposit, and rake in the dough over and over.
Sell Your Junk
You should also seriously think about selling what you have that you don’t need. Everyone has junk all over their home, and we see it so much that we just get used to it. Instead of dusting it, sell it. Old valuable jewelry form the sterling silver earrings australia collection? If you aren’t going to repair it, sell it. Whatever you have, it doesn’t matter what, sell it if you’re not using it.
There are ways to leverage your resources, even when you’re broke. You can always become a tutor. Rent out your belongings, your car and your home to help come with extra cash. And, naturally, if you don’t use something, sell it. In fact, sites like cash for cars Las Vegas can help you sell your unused cars if you have any.
- Have you ever thought of tutoring? You probably have skills you haven’t even thought of leveraging to others. If you can write, do math, know,computers or fine arts, you could make good money sharing that information.
- Make a list of five things you could tutor, and five prospective markets for each skill.
- Do you own property? List five ways you could rent it or otherwise leverage it for greater value and more money.