How to make money without working

Author: Florence Bailey
Date Of Creation: 20 March 2021
Update Date: 1 July 2024
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How to Make Money Without Working - Robert Kiyosaki
Video: How to Make Money Without Working - Robert Kiyosaki

Content

Agree, it would be great if we could make money without working? While there is no one hundred percent way to get rich without working at all, there are methods by which you can make money without labor or with very little effort. If you have the funds to invest or are looking to invest in your next money making scheme, you will have a better chance of a steady cash flow than in a traditional job.

Steps

Method 1 of 4: How to make money in an unconventional way

  1. 1 Rent out a room in your home. If you have a room (or rooms) that no one else uses, consider furnishing and renting it out. If you do this, be sure to adhere to the law governing the procedure for renting out housing, as well as agree on the price, living conditions, and so on. This will allow you to charge a decent monthly fee with absolutely no work, except for preparing the room for delivery.
    • The more secluded a room is, the more you can charge for renting it. If you have a separate apartment with a kitchen and bathroom, you can rent a lot more than if you just rent out an empty bedroom.
    • Only rent rooms to responsible tenants, those you can trust, those who will pay on time and respect your property.It is a good idea to check the ins and outs of the tenant and their creditworthiness. Don't be afraid to ask for the phone number of the previous owner of the premises these people lived in and / or a copy of the payroll statement.
    • Several services can help you connect with travelers and people looking for short term accommodations. This will allow you to ask for a higher rate per night than renting out the room on a monthly basis.
  2. 2 Make money online. There are many ways to make money online these days, but many of them require at least a minimum of effort. If you devote time to developing your brand, you can make big money.
    • Start a website or blog. If your site gets popular and gets a lot of traffic, you can make a lot of money selling ad space. If writing content for websites isn't your thing, you can create video content.
    • If you are knowledgeable in a particular area, you can sell informational content such as e-books, webinars, or instructional videos. Come up with something you can share, be it knowledge of math, juggling, or foreign languages.
    • If you're willing to do more traditional work, you can make money by becoming a freelance article writing freelancer or virtual assistant. Search online for freelance and / or telecommuting jobs.
  3. 3 Earn royalties. If you're willing to do a lot of work for long-term cash flow, consider writing a book, song, or inventing a product. The chances of success are pretty low, but if your creations become popular, you can generate income without doing anything.
    • You can also buy the rights to existing royalties at auction, but be sure to do thorough research to make sure it's worth it.
  4. 4 Make money on short-term jobs. If you don't like the idea of ​​a full-time job, but are willing to spend a few hours a day browsing the Internet or visiting various places in the city, you may be able to make a pretty decent amount of money. Before accepting a job, make sure you understand how the payment will be made.
    • Take part in a simulation jury or focus group. Some of them require a personal presence, others can be conducted online. You will be paid to listen to the presentation and share your views on it.
    • Online surveys are a quick and easy way to earn tens of rubles. There are many paid survey companies, including SurveySavvy and SurveySpot.
    • If you enjoy surfing the Internet, you may enjoy testing new sites and sharing your opinion about them. You can do this on sites like UserTesting.com.
    • Mystery shopping is a great choice if you enjoy shopping and dining in restaurants. All you have to do is visit the various establishments often, act like a regular customer, and then share your experience with the company that hired you. Depending on the job, your work will be paid and / or you will receive a free product or service. Find a job in a specific firm, or in specialized organizations.
  5. 5 Sell ​​things. If you have items that you do not use, you can sell them on sites such as Avito, Sack or Megalot. If you know how to DIY, consider starting selling homemade crafts at specialized online auctions.
    • If you are ready to put in the effort and start selling things, you will have the opportunity to earn a considerable amount of money from buying and selling. The secret to success lies in buying things profitably at places like flea markets, garage sales and second-hand stores, and then reselling them online. The most successful is the trade in books that are fairly easy to store and transport.
    • If selling online isn't for you, run a garage sale or sell items at a flea market or craft fair.
  6. 6 Ask for alms. If all else fails, you always have the option of simply asking for money. If you decide to do this, then you should do it on a busy street or in another crowded place with a lot of passers-by and vehicles. Begging can make a decent amount of money, but for that you may have to stand for many hours, and even in bad weather.
    • If you are going to beg, know that the image is everything. You need to look needy for people to want to help you, but your image should not be dangerous or intimidating.
    • You will earn much more if you can entertain passers-by by playing the instrument, singing, performing magic tricks, or performing any other kind of performance.

Method 2 of 4: How to Make Money with the Money You Already Have

  1. 1 Borrow money at interest. If you already have money to spare, you can earn more by borrowing it and getting interest on loans. There are many companies that match a potential lender to a potential borrower. Although this field of activity has shifted away from private investors, there are still people who use the services of private individuals.
    • If you want to borrow money at interest, be sure to comply with all applicable legal regulations in your city or country.
  2. 2 Earn interest. Instead of letting your money waste away in your checking bank account (or under your mattress), put it in the money market at a higher interest rate or put it on deposit. Such an account has a higher percentage than a regular one. Ask a bank employee to help you deposit money into one of these accounts.
    • Note that these accounts require a minimum investment to start earning interest. Such accounts can also be long-term, in which you will not be able to access your funds without paying a default interest.
  3. 3 Invest in stock exchange. Another way to make money without working is to gamble on the stock market. Gambling on the stock exchange is a rather risky business, but if you are smart, careful and a little lucky, you can raise a large amount of money on the stock exchange. Whichever type of investment you choose, never invest money in the stock exchange that you can never lose.
    • Low-cost e-commerce platforms are the perfect choice for investors who don't want someone else to manage their investments.
    • There are many different investment strategies out there, so research them and find the one that works best for you. Regardless of the strategy you choose, it is very important to diversify your funds and keep a close eye on the latest changes in the market.
  4. 4 Invest in business. Business investment is a surefire way to get rich, but finding the right company isn't easy. If you are lucky enough to find a business that you truly believe in, be sure to research it before investing your money.
    • It is very important that you trust the management of the company. Even if the concept of a business is good, poor leadership can ruin it.
    • You should have a very good understanding of the costs and profit potential of the company, as well as its brand and image.
    • Make sure the contract clearly states your rights. You should also be aware of your paths out of the current agreement.
    • Don't invest all your money in one business. If this venture fails, you will be left with nothing.
  5. 5 Resell real estate. “Resale of real estate” is the process of buying a cheap home in a state of disrepair, raising its price (after a certain improvement or simply waiting for prices to jump on the market), and then reselling it.With smart choices and hands-on home renovation skills, you can make tens of thousands of dollars in a very short time, although unexpected expenses and a poor real estate market can leave you in debt.
    • Make sure you really understand the local real estate market before investing money here, otherwise the sale could lead to losses.
    • If you don’t have enough money to hire contractors to do all the work for you, you’ll have to do a huge amount of work to resell your home. Even if you hire workers, you still have to look after them.
    • If you don't have enough funds to invest in real estate, there are many other things you can resell, including furniture and cars. Anything that you can buy cheaper, fix it yourself and sell it at a profit will do for resale.

Method 3 of 4: Borrow money

  1. 1 Get a payday loan. If you have a job but need additional funds until your next paycheck, consider taking out a loan. These are short-term loans that can be borrowed for a relatively small amount of money over the Internet or from specialized institutions.
    • Be careful with this type of loans as their interest rate is unusually high. These loans should only be taken as a last resort.
  2. 2 Get an advance on your credit card. Many credit card companies send checks in the mail, which you can exchange for cash or withdraw money from your credit card at an ATM. As with payday loans, issuing money on a credit card has a high interest rate, which makes it more costly.
    • Be sure to read the fine print to know what percentage you will have to pay for the withdrawal.
  3. 3 Get a bank loan. Banking and credit unions offer various types of loans. Some loans, such as a home loan, require you to provide personal property as collateral if you are unable to repay the loan. If you do not have a home or other assets, then, depending on your financial situation, you can still get a consumer loan.
    • Before taking out a loan, check the interest rate at various banking institutions. Credit unions often offer lower interest rates than banks.
  4. 4 Borrow from friends or family. Borrowing money from loved ones can be difficult because your relationship will be jeopardized if you cannot get the money back. If you decide to borrow from friends or family, be honest and tell them how long it will take you to pay them back.

Method 4 of 4: How to Make Money Effortlessly

  1. 1 Inherit money. If you have a wealthy and elderly relative, you may receive some amount of money when it comes time to read his or her will. Of course, if a relative treats you with love, he / she will be more willing to write you in a will, so try to maintain a good relationship with him / her. It goes without saying that showing an elderly person love and respect just to get money from them is incredibly vile and cynical.
  2. 2 Win the lottery. Lottery tickets usually cost only a few tens of rubles and can be bought in most stores and kiosks, because this is the cheapest and least time-consuming way to get money. However, by playing the lottery, you are much more likely to lose money than hit a big jackpot.
    • Always expect to lose all the money spent on lottery tickets. While you can't win the lottery without playing, don't expect it to help you achieve financial independence. Objectively, your odds of hitting the jackpot are 1 in 200,000,000.
  3. 3 Win the competition. Like a lottery, a contest or draw can completely change your life overnight.Your chances of winning are not so high, but they are still there. The more contests you visit, the more chances you will have of winning money and other valuable prizes.
    • The advantage of contests over the lottery is that often participation in them is free. Search the internet or social media for free sweepstakes or contests that you can participate in. You can also find out about the various contests by looking at product advertisements while shopping. To participate in many of them, you do not even need to purchase a product.
    • If you are serious about participating in as many sweepstakes as possible, search the Internet for a newsletter about the various sweepstakes. This will help you find out about various competitions early and you won't have to spend several hours searching.
    • There are many pranks on the Internet, so be careful. Please remember that you do not have to pay any fee or provide your credit card information in order to receive your legal winnings. Also, be careful about how much personal information you disclose when signing up for a draw.

Tips

  • If you are not incredibly lucky, then in order to make money, you have to do some work. Try to find what you love to do so that the work does not cause such negative feelings in you.
  • Find a mentor who is financially mature and learn from him.

Warnings

  • Do not gamble at casinos if you are a gambler.
  • Many investments can be the opposite of what you want, so don't invest more than you are willing to lose.
  • Beware of quick get-rich schemes. If you think that this or that scheme is too good to be true, most likely it is not!