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Money Making Mayhem: How You Can Generate Extra Cash

Money Making Mayhem: How You Can Generate Extra Cash

April 27, 2021 | Habiba Ashton
finance

Table of Contents

Get your head around tradingBuild a passive incomeLook closely at your existing lifestyle

We have all been anxious about money at some stage in our lives. When this happens, we appear to get stuck in a bubble, constrained by the tools we do have at our disposal, such as time and motivation.

Here, we will look at some of the things you can do to break free from your self-imposed limitations and start earning money!

Get your head around trading

If you have never tried your hand at financial trading before, it can appear to be intimidating and complicated. However, once you have mastered it and built a technique that works for you, it can be a fruitful money-making opportunity. The best thing is that no matter what capital you have available, whether it is a small fortune or just a few extra dollars,  there is a financial trading opportunity for you - it is just a matter of finding it.

To avoid putting all of your eggs in one basket, the first move is to build a diversified portfolio. As a beginner, this is especially crucial. Investments and trading are not guaranteed ways to make quick money; they take time and effort, but they can pay off handsomely, especially with cryptocurrencies. This is becoming increasingly popular as a way of investing some cash, although it can be volatile. Do some research before you start trading - have a look at the Swyftx trade platform.

Build a passive income

Making money passively means not having to do anything, at least not after the initial setup. There are several approaches to this, depending on the skills you can offer others and the resources you have available. If you have a blog, for example, you could look at banner advertising and pay per click (PPC) ads, which will earn you money once they are in operation. Make a living as an affiliate marketer, which allows you to make a small commission on items that you promote on behalf of a company. 

Spend some time putting together an online course that customers can pay to download and complete if you have a talent or expertise in a specific field. It takes some time to get up and running, but once you do, you can relax and enjoy the money when it comes in.

Look closely at your existing lifestyle

This one may not be about making money so much as it is about saving money.  Examine your way of life and see if there is something you are spending money on that does not actually add value or positivity to your life. Do you still need the pricey gym membership if you have not used it in three months? Is it necessary to purchase a branded beauty product when an off-brand product would suffice?

Knowing how to budget is important, and it should be the first priority before making any other financial commitments. It gives us more leverage over our finances and allows us to invest more in order to earn more.

Habiba Ashton | BCS Growth Fund (Israel) L.P., a private investment fund specializing in investments in technologically focused businesses with high growth potential, employs Habiba as an analyst. Mrs. Ashton served as an analyst and information manager at the Israel International Fund, the first Israeli venture capital fund designed specifically for Japanese corporate investors, prior to joining BCS. Habiba graduated with honors from Israel's College of Management with a B.A. in Business Administration.

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