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How to make extra incomes?

Nowadays, extra incomes have become increasingly sought-after. With a world subjected to economic crises and with the uncertainty of the upcoming years, what everyone looks for is a stable stream of income that helps them have a better future, especially in their retirement years.

But the reality is that not everyone knows how to make extra incomes, so they lose their productive years in 9 to 5 jobs and underpaid companies. This is why we have prepared the answers to some questions that you may have. At Extra-Incomes we know what you need and we’re here to give you the best tips to reach your financial independence.

Read on and discover how to make extra incomes!

1. What is extra income?
2. What is the best way to earn extra income?
3. What is a side hustle?
4. What is the best side hustle?
5. What is the most profitable side hustle 2024?
6. How can I make a second income with a full time job?
7. How to make €100 a day?
8. What is passive income?
9. Is there a way to make passive income online?
10. What is the most profitable passive income?
11. What is the quickest way to make money?

What is extra income?

Extra Income can be defined as an additional profit that you receive on top of your stable income. This extra money can come from a side hustle, an investment you did, or even by selling things you don’t use. Either way, extra income is an essential tool to maximize your profits, and also to provide you with better financial stability.

Most people that make extra incomes work on a full time job, or a main activity, and then look for small side hustles that can be done during their free time, so they can seize their time while also making money with an extra job.

What is the best way to earn extra income?

The best way to make money as an additional profit or extra income is by finding an extra job, an activity that you can do after finishing your regular working hours, or even on your free days, such as the weekends. A side hustle can be beneficial to get additional money that can serve as means to invest, or to buy other things that you can’t gain access to with your regular salary.

Another good way to get extra income is to sell things that you no longer use, think of musical instruments, sports gear, old furniture, or even accessories that you don’t wear any more. These little things can help you make money faster and save for other investments or important expenses.

On the other hand, and although it seems contradictory, if you invest in a good asset, you can also earn extra income. Investments can pay off if you do them properly and you research which one to choose. If you invest in a proper asset and you know how to handle it, you can certainly make extra income without putting out too much effort.

What is a side hustle?

A side hustle is an additional activity that can help you make money. A side hustle can be the right way to improve your finances, giving you more stability and allowing you to pay for little whims that you may have, or also saving the money for a bigger and most important purpose.

The majority of people worldwide have a side hustle to support their lifestyles, live comfortably and save money for their own personal projects. So it is a common practice to have a side hustle and to earn extra income that will benefit your financial growth.

What is the best side hustle?

Currently there are many side hustle options that can be explored, but choosing the best may be relative, as everything depends on your capabilities, availability and preferences. However, these are the best side hustles of the moment:

• Personal Shopper: If you love fashion and shopping, you can earn money just by going shopping in your European city. Visit luxurious fashion brand stores and purchase the exclusive products your clients need. Perform a fun, relaxing and easy activity to earn extra income.
• Freelancer: Working as a freelancer in many different disciplines can be good to earn extra income. Especially because you can work from home and make money. You can be a freelancer by becoming a writer, translator, graphic designer, web developer, virtual assistant and much more.
• In-home Pet-sitter: For people that love animals and that understand their needs, becoming a pet-sitter can be a good option. You can go to your clients’ homes and take good care of their pets while they are away.
• Bartender: Being a bartender is a good way to make money. Best of all you can work in different bars, work during weekends, or even offer your services privately for parties or other social gatherings.
• Delivery Worker: Working as a delivery person after finishing your regular working schedule, or doing it during the weekends can provide nice extra income. Best of all, you only need a motorcycle or a bicycle to do it.

What is the most profitable side hustle 2024?

If you’re looking for a good extra job, and you ask yourself what is the best side hustle income? We want to show you the best paid and most profitable side hustles of the year, so you don’t lose time with underpaid extra jobs, but find the perfect alternative that can get you extra income.

Here is a list of the best paid and most profitable side hustles of 2024:

• Personal Shopper: With an average rate of €100 per hour, the personal shopper job in Europe is by far the best paid side hustle, especially because it doesn’t require credentials and because it has a flexible schedule of only a few hours per week.
• Online Course Teacher: If you’re a professional of any discipline, you can easily make $40 per hour. You just need to create your own course and teach people online.
• Freelancer: Depending on the discipline, a freelancer can make from $25 to $35 per hour. You can organize your own schedule and offer a good service to your clients.
• Part-time Real Estate Agent: Real estate agents can take 6% of property sales, considering that property prices are high nowadays, you can make good income as a part-time real estate agent.
• Pet-Sitter: With the great affluence and need for this service, pet-sitters obtain a good profit from owners that desperately need help taking care of their pets. You can make $16 to $25 per hour.

How can I make a second income with a full time job?

Although it seems complicated to get a second income when you already work a full time job, we want to assure you that it is possible and that you can earn more by doing an extra activity. You only need to have good organizational skills and a little time to spare to create an additional income.

It also depends on your preferences and the extra job you’re able to find, as there are some that only require a few hours a week to complete, and you are still going to receive a very good profit from them.

Here are some simple tips to get a second income with a full time job:

• Organize your schedule: Sometimes the key to everything is a good organization. When planning on getting a second income, you need to organize your time to meet what is expected from you, so you can deliver both activities successfully without neglecting neither of them,
• Find a complementary extra job: An extra job needs to fit perfectly into your personal life and your regular job schedule, this is why you must analyze this before applying for a side hustle. Find one that can fit in your free time, so you can do it without any inconvenience.
• Respect your own times: Having another source of income doesn’t mean that you have to be stressed and neglect your personal life. You need to be gentle with yourself and find a balance to do your regular job, your side hustle and take care of yourself. Put limits to your working hours and respect them.
• Save money: When getting a second income, you need to start organizing your money so that you can seize it correctly. Try to avoid irresponsible spending, make a saving plan and stick to it to maximize your financial independence.

How to make €100 a day?

If you’re looking for a way to make money consistently as an extra income, we have a great option for you. The personal shopper job at the Personal Shopper Agency allows you to earn an average of €100 an hour, and the best of all is that it can be done as a side hustle, an easy activity that you can incorporate into your schedule and that it won’t take too long.

Becoming a personal shopper allows you to dive deep into the luxury world, as the main task is to go to fashion brand stores and purchase the items desired by clients. By doing this simple task, you will be able to earn €100 an hour and also enjoy all the fun and elegance of walking around the most prestigious luxury stores in Europe.

This extra job is designed for those that enjoy shopping, love fashion and want to earn an additional income to pay for whims or whatever they desire. This activity is ideal for women that have some time to spare after their regular job, retired women or even housewives. Best of all, it doesn’t require credentials, it can be done once a week and it is an enriching activity.

What is passive income?

Passive income can be defined as a type of income that doesn’t come from a contractor or an employer, and that it is not produced by a service you’re performing. Passive income can be obtained by past investments that produce a profit from time to time or consistently, by renting a property that you have already invested in, or even by selling items you no longer use.

Obtaining passive income is a good way to secure a financially stable future, as it is also considered extra income, so you can save it to procure a better retirement plan or even to invest it in your own business, which will surely produce more profit over time.

Is there a way to make passive income online?

The digital era has brought many possibilities for those that want to make money online, and passive income is not the exception. Nowadays, creating your own content and selling it online is the way to go to make passive income. This can be done by creating an e-book, a course, a song, an online store, or even videos on social media platforms.

All of these options allow you to make your own project that will later stay online and let people buy it or interact with it, so for every sale or view, you will obtain a profit that is considered passive income.

You can also combine investments with an online store, and this can be done by purchasing exclusive products, or luxurious products that are valuable, to later sell them on your own online store or through resale marketplaces, so you can multiply your investment and make it worthwhile. This is especially popular nowadays, as people invest in luxury fashion brand products, that tend to revalue over time, and then sell them online to make a good profit.

What is the most profitable passive income?

By studying the market, the most profitable passive income has to be the one that allows you to invest to obtain a retribution. This can be applied to properties, assets, or even a luxury online store, where you can invest in fashion brand products and sell them for higher amounts.

It has been proven that the handbags from fashion brands such as Chanel, Louis Vuitton and Hermès are able to double their value with time, as they are considered exclusive products that are difficult to purchase at official stores. So by investing in these pieces and creating your own strategy to sell them, you can easily make passive income, and it won’t only be common income, but a very solid profit.

What is the quickest way to make money?

Nowadays there are many ways to make money fast, but the quickest way will always be selling something that you no longer use, because surprisingly there are many people that prefer buying a used product, rather than spending more on a new one. Selling things you don’t use can help you not only make money, but also get rid of old stuff that you never use, things that remind you of the past or that keep you stuck in one place.

The most profitable things to sell are the following:

• Sell Electronics
• Sell Musical Instruments
• Sell Sports Gear
• Sell Luxury Accessories
• Sell Your Car
• Sell Jewelry
• Sell Collectibles

If you make the right decision and sell your items correctly, you can surely generate a good amount of income to invest in other markets, save for your future, or spend it on whims that you desire. Selling is by far the quickest way to make money!

Whether you want to make money with an extra job, get extra incomes by selling things you don’t use, or obtain passive income with well-thought investments, Extra-Incomes is the right place for you. We are here to support your road to financial independence and empower you to get the life you want by making smart financial choices now.

Keep exploring our blogs for the answers to your questions and get extra incomes like never before!