4 Ways to Make Extra Money With a Full-Time Job


Even with a full-time job on your resume, it can be a serious challenge to start saving money. Between bills and lifestyle expenses, it can feel like you’re barely breaking even. If this describes your current reality, you might consider getting a part-time gig to fill in the gaps.

In this post, we’ve come up with four ways to make extra money while still fulfilling your full-time job’s obligations. Read on to learn how.

1. Create your own schedule freelancing

Freelancing has become an incredibly common source of income for millions of workers around the globe. While much of freelancing is focused on creative professions such as graphic design and copywriting, there’s plenty of opportunity for other marketable skills like web development and data analysis.

There are plenty of perks associated with freelancing, including:

  • The ability to make your own hours
  • The power to choose and pass on projects
  • The freedom to work from anywhere
  • The empowerment to set your own hourly rates

These qualities make freelancing an ideal gig for those who want to earn some extra cash but don’t have the time in their schedule to work at a second employer’s behest. By joining a freelance network, you can search and apply for jobs that pique your interest, or wait for clients to reach out to you. Before accepting a freelance job, make sure that you can realistically meet the deadlines and expectations set forth and make sure the paycheck will be worth your while.

2. Try your hand at investing

If you’re in search of a money-making opportunity that’s a little bit more hands-off, investing may be the best approach for you. Depending on your budget, goals, and experience, there are several investment opportunities to choose from.

Here are three investment vehicles you may consider:

  • ETFs: ETFs, also known as exchange-traded funds are bought and sold on the stock market. ETFs are essentially baskets of different stocks usually managed by a robo-advisor and investment platform. These are relatively hands-off.
  • Real estate: Investing in real estate involves more management and capital upfront, but once you get that over with, you can automate management for the most part. Plus, there are lots of options you can leverage to make money, including, short-term rentals, long-term rentals, and fix-and-flips.
  • CDs: If you want something really low-risk to begin with, high-yield savings programs, like CDs, can be a great option. Keep in mind, you may not have access to your funds for a long period of time, so make sure you don’t need them in the immediate or near future.

Pro-Tip: Use an investment calculator to estimate the value of an investment opportunity before you fully commit.

3. Participate in the share economy

Thanks to modern technology, primarily your pocket-sized computer, there are so many ways to earn extra cash in your very own community. From walking your neighbor’s dog and driving for rideshare services, to selling your old stuff online, you can almost certainly find opportunity for earning on a tight schedule. If you decide to join the share (aka “gig) economy, be aware of your state’s income tax regulations so that you’re not surprised by a big tax bill later on.

In addition to the extra income, many participants in the gig economy cite community connection, positive work-life balance, and flexible schedules as some of the reasons they enjoy their jobs.

4. Boost your primary income

Before you search outward for opportunities to make an extra buck, you might also want to think about whether there’s room for growth at your full-time job. Are there bonuses to take advantage of? What about certifications that could boost your value as an employee and result in a raise?

If you’re unsure about these opportunities but know you want to really commit yourself to your craft, set up a meeting with your manager to discuss potential avenues. You don’t need to mention your savings goals in your meeting, but you can be clear that you want to increase your monetary value within your organization. If they’re a good employer, they’ll be more than happy to help you reach your highest potential.

Wrapping up

Making some extra money is entirely doable! Use these tips to help you get those wheels turning and you’ll be well on your way toward meeting your savings goals before you know it.


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