Blogger,  Blogging,  Finance,  Marketing

Building Up Your Money Pot: Simple Ways to Earn Cash on the Side

It is so hard to earn a decent crust these days. Everybody’s feeling the pinch in light of the pandemic. And this means that we’ve got to start diversifying our financial efforts. Whether you have been considering getting into investing or wondering how you can make money on the side, there’s a lot of things that you can do to build up your money pot. And if you’ve got children that are desperate for extra funds, it’s important to feel that you can genuinely provide for them. So let’s give you some suggestions on how to gradually diversify your finances to build up that all-important money pot.

Picture – CC0 Licence 

Online Market Trading

There are a wide variety of ECN brokers that can help you with this. It might not be a very easy way to make money. Stock markets can be very lucrative as long as you learn how to trade safely. This means you’ve got to take it seriously. There’s a wide variety of platforms out there that can get you started in terms of trading. With a wide variety of practice accounts, you can find numerous trading websites to help you dip your toe into this world. The most important thing to remember is that you have to invest a significant amount upfront if you want to yield massive returns. It’s certainly possible to make small amounts of money. And when you are starting out if you can earn £50 here or £70 there, you should consider this a job well done. The most important thing is to remember how much you can buy with £50 or £70. It can equate to almost a week’s worth of shopping!

Bitcoin

Cryptocurrency is all the rage right now because of how well the market is performing. The beauty of investing in bitcoin is that you don’t have to do anything to make your money grow, and you have complete control over the amount you invest. After you’re satisfied, you can withdraw your funds. Did you know that you can invest your IRA funds in bitcoin to help it grow and build a more secure future for yourself? Head to sites like https://coincierge.de/bitcoin-evolution/ for more information and to get started!

Matched Betting

Betting can be risky, but with matched betting, it is without risk. The free offers provided by betting sites through matching them against a “betting exchange,” means that when you use matched betting to bet for and against a certain outcome, the money you invest into it cancels itself out and the free bet becomes yours. This is particularly popular within football. It’s simple mathematics, but if you get stuck into this correctly, you can easily earn a few hundred pounds. There are so many different betting sites out there, from esports betting sites to casino related betting, so there is the potential to earn lots quickly.

Of course, as with any sort of gambling, you do need to be aware of addiction. The large majority of gamblers enjoy themselves responsibly and use it as a way to top up their income, but there are a few who don’t know when to stop. Gamstop has been set up to help individuals who have entered a self-exclusion agreement from participating in gambling. Although, some people find themselves unlawfully added to gamstop – if you find yourself in this group but want to get involved with football betting get around gamstop by accessing gambling activities that are operated by organisations which are not participating in the gamstop scheme.

Microtasks

When you start to think about earning a little bit of money here and there, it all adds up. This is why the idea of microtasks is so important. There are a wide variety of websites out there that are looking for people to complete a task in the space of 10 minutes or more. Some of these can pay pretty well based on the amount of time it takes. For example, a website like Appen will pay you for completing tasks where you speak into your phone and give voice commands. There are a wide variety of companies that need to gather samples of different accents. If they are looking for accents in your general area, which they very likely are, you can complete these tasks pretty quickly and get paid very shortly afterwards. 

There are a significant amount of ways that you can earn money out there. There’s also doing surveys, selling your old mobile phones, affiliate marketing, and getting paid for searching the web. If you are looking for a lot of methods to earn money, you just have to know where to look.