A reverse mortgage is essentially a loan where the amount borrowed doesn't need to be paid back until you die, sell your home, or stop living in it -- if you move to a nursing home, for example. At that time, the home can be sold to cover the debt, or your heirs can pay it off and keep the home. Reverse-mortgage income is often tax-free, which is another big plus. The amount you get can be delivered in monthly installments, providing very passive and reliable income in retirement.
If you have a blog or some other online property with some traffic, you can monetize it via affiliate advertising. For example, imagine that you write a blog about cars and you have thousands of visitors each month. You might review some books or products related to cars, and then link to them on Amazon so that you get a cut of the purchase price when anyone buys books through the links.
Make money on YouTube. People who love the spotlight and have other online hustles should consider creating their own YouTube channel. If you’re interested — and interesting — you can use the platform to market affiliate products, sell products you create yourself, or receive ad revenue for your informal tutorials or entertaining videos. Once you get the ball rolling, YouTube offers a partner program that can help you monetize your business further.
You can generate a small side income taking online surveys — but don’t expect to be rolling in the dough. Survey sites don’t typically offer a big payoff, unless you invest a lot of time, and many sites are more useful for earning gift cards than cash. Some of the more popular survey sites include Swagbucks and Global Test Market. Read our analysis of a dozen survey sites to find out which one is best suited for you.
Regardless if you need to earn some fast cash or we're just talking about making money in the grand scheme of things, there's an important psychology that needs to be mentioned before getting into the strategies. If you study Freud's model of the mind, you'll discover the Psychic Apparatus. It's the three-part construct in your mind that controls all of your behavior.
Mention what you bring to the table. When I first applied to write for Oberlo, I mentioned how I worked in ecommerce for four years as an entrepreneur and in a 9 to 5 role at an ecommerce company. My experience on a content team was also brought up. And my 9 years experience in marketing. I had also already been working on my Oberlo dropshipping store as I had been using Shopify for a year at that point. Having a writing sample in a niche isn’t enough. You also need to have the experience to write about that niche. Mention every little detail of what you’ve done prior to writing. Niche experience is important.
You can turn bounty hunter to track and capture criminals to bring them to justice for money. You can kill them or bring them back alive, but the latter carries a higher payout. You can find out what criminals are at large by visiting the sheriff's office. The criminals will have wanted posters. It's obviously going to be tougher to bring some criminals in alive, but that's just another challenge available in this vast virtual world.
Do you ever encounter horses in the RDR 2 open world? Sure you do. The wild horses you see (meaning the ones that aren't abandoned by people who you or someone else might have killed) can become an in-game income source. If you capture these horses with your lasso, you can begin to tame them. You'll have to ride and calm them to create a bond. Once you've done that, you can sell them as racehorses at ranches.
City-dwellers often don’t use their cars for days or weeks at a time. That idle time can translate to money with services like Getaround and Turo, which let you rent out your car by the hour or day. Earning potential varies by car and location, but standard vehicles typically rent for $30 to $50 per day. Luxury cars and sport-utility vehicles command even more money. Just be sure you talk to your insurance provider before signing up to make sure that you don’t run afoul of the policy.
Become a freelance writer or editor. If you have a passion for storytelling or a background in writing or editing, it’s possible to find freelance writing or editing work online. To search available job openings, check out sites like UpWork.com and Problogger.net. You can also check traditional job sites such as Indeed.com and enter “telecommute” or “anywhere” in the location field.
Search engine evaluation - Almost everyone uses the internet in day to day activities and being paid to hang out online can put a smile on your face. Search engines such as Bing, Yahoo and Google use human skills to authenticate search engine results produced by complex algorithms. It is a simple online job because all you have to do is type word phrases into a search engine and then assess the relevance of the results.
I’m a huge fan of blogging because I love writing and connecting with people all over the world. To give you an idea of what is possible with blogging, DollarSprout.com is part of a group of blogs that routinely brings in over $20,000 a month. While it takes time to build your blog up to that income level, you can get the initial set up done in under 30 minutes (no experience needed).