Whether it’s a financial emergency or you just want to increase your savings, you might find yourself needing or wanting cash as soon as you can earn it. The good news is that there are plenty of ways to do this, and many of them can be done from the comfort of your own home.
Sell Your Life Insurance Policy
If you have a life insurance policy you no longer need, you might want to consider selling it for cash. While you will no longer receive the death benefit, you will receive a cash payment. If you feel this is the right option for you, you can use a life settlement calculator to determine whether you qualify to sell your policy. You can also calculate your policy value to estimate how much you could receive.
Use Your Photo or Video Skills
You can sell photos or videos online to bring in more income. Depending on your images, you might be able to sell them on a stock photography site. You can upload your pictures to several of these online databases, and if they are approved, they will be available for designers, organizations, or others to purchase and use. You can sell each photo an unlimited number of times, so once you start uploading images that are in demand, you can make some passive income.
If you have videography skills, you can make money with online videos. You can create a guide or video course and monetize it by allowing only paid customers to access that content. You will need to do some research to find out what is in demand and use the right key phrases in the description.
You can offer your services as a tutor to bring in a few extra dollars. It’s flexible enough that you could do it in the evenings or on weekends as a side hustle. And it’s easy to do in nearly any country. You might grow your business by offering discounts to those who promote your services, since word-of-mouth is a great advertising tool.
You won’t get rich off of this one, but you can use it as a side hustle to bring in some extra funds. Transcribing involves listening to audio files and typing exactly what you hear. There can be a bit of a learning curve to this, since you will need to format it correctly. Some transcribing places require you to get some equipment, such as headphones or a foot pedal, and you may need to use specific software.
Typically, the pay for transcription focuses on how much you type, not how long you spend on a file. So, you will want to ensure you are a fast typist so you can make it worth your while. The time you spend on each file will depend on the quality of the audio, speaker’s accents, and the speed they speak at. Most transcribers can type around 75 to 100 words a minute, so you will typically spend about four hours on one audio hour.