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Right now, many of us are looking for simple and straightforward ways to make a bit of extra money. There are countless reasons for this, but for many of us, the main reason is the pandemic. Some of us have lost our jobs and need something to tide us over until we find new employment. Some of us have been made redundant and need the same cash support. Whatever your reason for needing a little extra cash at the moment, it’s good to know that there are multiple options for you to choose from that can help you along the way. Here are just a few for you to take into consideration for now.
Stocks and Shares
Now, many of us automatically think of big businesses on Wall Street when we think of stocks and shares. People answering phones, shouting, throwing paper in the air, and all sorts. But this isn’t the only way to engage with stocks and shares to make a profit. Instead, it is an activity you can engage with more casually from home – and still make a good profit if you make the right decisions. The first step you need to take when getting involved is to choose a market. Perhaps the best known is the stock market, as this is most publicised. However, you should bear in mind that there are other options out there too. Getting to know each can give you more scope and more options. One popular option is the foreign exchange (or FX) market, which FX Globe can help you with. Another option is the contract for a different market. Once you choose a market, start reading about it. Keep up to date with news. You can also use stock simulators to practice before putting real money on the market.
Freelancing
Do you have a skill that you could use on a freelance basis? Freelancing is when you work for yourself, selling your services to another company or agency. You will need to build relationships with different clients and you will complete projects on their behalf. This doesn’t only earn you money, but can provide a simple and straightforward means of earning outside of your usual, employed job or to simply make some short-term cash. Many people find that they enjoy it so much they turn it into their full-time career. There are, of course, countless perks. You get to choose who you work with, what projects you agree to take on, how much you charge for your time, where you work from, and what your working hours are. Some common freelancing roles tend to include copywriting, graphic design, accounting, web design, web development, and more. Just make sure to register as self-employed before getting started. Also, remember to deduct your own tax and national insurance contributions each time you’re paid to pay your self-assessment at the end of each tax year.
These two options really can help to provide you with some cash when times are tough. There are other options out there, but those listed above tend to suit many people down to a tee!
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