How long before you start to earn money on trading

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Contents

40 easy ways to make money quickly

Updated 3 April 2020

On this page you’ll find all the best ways to make money in your spare time whilst at university based on our own experience. We’ll keep adding new ways to this page so go ahead and bookmark it. And please do share your own ideas in the comments!

Top ways to make money online and offline

No-risk matched betting

Hands down the quickest way to make a lot of money (well, without breaking the law). Lots of students have genuinely made £100s from this technique. It’s completely legal, risk free, tax free, and anyone over 18 in the UK can do it (Not in UK? Skip to no. 2).

It works by taking advantage of free bets regularly offered by betting sites through ‘matching’ them at a betting exchange. Matched betting eliminates the risk (you are betting both for and against a certain outcome).

This leaves you being able to squeeze out the free bet, which can be as much as £100. Multiply this by how many betting sites there are and you can quite easily come away with a profit of a few hundred pounds.

Owen walks you through how to make your first £13 profit (using a real life example) in this gem of a guide to matched betting. If you know of any better way to make £40/hr sitting at home, please let us know!

Online surveys

An increasingly popular way for students to make money is to fill out online surveys in their spare time. Research companies are always recruiting new members worldwide to answer surveys and test new products.

For a few minutes of form filling, you can make a couple of quid which is paid as cash or rewards. You can bag up to £3 ($5) for some surveys!

Also sign up for Swagbucks which rewards you for surveys as well as simply surfing the web, watching videos and playing games.

Update: See our new full guide to the best paid online surveys!

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Interested in earning cash for doing what you already do online? This has to be one of the easiest methods of making money online without really any effort or change in your behaviour.

This innovative idea by Qmee.com rewards you for searching in Google, Bing or Yahoo. You just install a simple add-on to your browser and when you conduct a search there may be a few sponsored results alongside your normal search.

Each Qmee result has a cash reward attached – if you are interested in it simply click on it and collect your reward.

The best thing is there is no minimum to cashout – our first one was just 72p wired to our Paypal account. You also have the option to donate it to charity.

Sign up now for free and start earning from your own searches! Click here to start.

Online market trading

Whilst this isn’t necessarily an easy way to make money, investing in stock markets can be lucrative if you learn to do it properly and safely. By the same token, you may suffer significant losses if you don’t take it seriously.

Today there is no need to fund the yachts of Wolf of Wall Street style stock brokers. You can do it all yourself with the help of online market trading platforms.

Having spent many hours researching this new opportunity, I’ve been experimenting with the two biggest platforms: Plus500 and eToro.com. Both offer free practice accounts.

Overall I prefer eToro with over 12 million users worldwide. It has been featured in a BBC 2 documentary “Traders: Millions by the Minute” and recently began sponsoring several Premier League football clubs.

One of the best things on eToro is the CopyTrader feature. This lets you literally see, follow and copy the investments of other top performing traders.

Follow George’s complete guide to trading on eToro to learn more. I think $200 is a good amount to get the most out of the learning curve by trying out a few different markets. If nothing else you’ll learn a great deal about various investments and industries.

Please be aware that all trading involves risk. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. This content is for educational purposes only and is not investment advice.

Start your own website

Interested in generating passive income? You need a website. It’s THE way to make money while you sleep.

Starting a website with Bluehost takes less than 20 minutes, costs hardly anything and can be done by an 82 year-old. It only takes a bit of plugging on social media to get your first visitors, and there are plenty of ways to monetise your site.

Save the Student is just one example of a successful website, started at university by Owen Burek in his first year, which has since grown into a full-time and sizable enterprise.

Read Owen’s step-by-step guide on how to start a website in 20 minutes. It’s really one of the best assets you can have.

Review websites & apps for cash

Well it seems like you’re pretty nifty with a web browser, so perhaps it’s time to turn pro and browse websites as a paid and fun job!

Introducing UserTesting.com – a new platform that pays everyday people to review all kinds of websites. Each review takes around 20 minutes and bags you $10 (£6.50) via Paypal.

Simply sign up here, complete a test review and look forward to receiving websites in your inbox.

The ‘Disney Vault’ secret

Credit: Walt Disney Pictures Inc.

To keep demand high across generations, Disney Studios carefully restrict the supply of some home release classics. They are locked away in the ‘vault’ for 8-10 years before being released for a short unspecified time.

Buy them in this window at normal retail price and you can turn a nice profit when they go off sale for another decade or so.

For example, in 2020 you could buy Beauty and the Beast on Blu-ray 3D for just £24.99. In just a couple of years it was on Amazon for a staggering £74.99!

Importantly, not all Disney releases are subject to the vault and only the true classics will maintain such demand.

Right now there are just 2 titles out of the vault which I would recommend snapping up. They are Bambi Diamond Edition Blu-ray and The Lion King Diamond Edition Blu-ray.

‘Get Paid To’ sites

Similar to making money from online surveys, GPT sites reward you in cash and vouchers for completing various offers or activities online.

The most popular sites today are Toluna, Swagbucks and InboxPounds.

Become a delivery rider or driver

Got a bicycle, motorbike or car? What about a Smartphone? That’s all you need to make some extra money by delivering food or people whenever you’ve got some spare time.

Sign up to delivery specialist companies like Deliveroo who are always on the hunt for new riders. They allow you total flexibility to work when you want, delivering food from restaurants to the customers’ door. You can make up to £16 an hour.

Double-up your opportunities by directly contacting local takeaways and bigger chains like Dominos to see if they have any delivery jobs going.

Write and publish a Kindle eBook

If students are good at anything, it’s researching and writing. With the Amazon Kindle store, anyone can publish an eBook and make money.

And the Kindle app is now available on almost any device (laptops, iPads, smartphones and yes, Kindles) so your global market is huge!

List your book for £1.49 – £6.99 and you earn 70% of the sale. Considering Amazon is the ultimate selling machine (and remember people are looking to spend), that is a fantastic deal.

The key to success with eBooks is to create value, and write non-fiction. Simply bundling information you have researched and compiled on a common problem (eg. ‘secrets’ to finding a job) and then presenting it in an easy to digest format (an eBook) justifies someone spending a few quid on it.

Another big tip is to have a great cover designed (browse these) so it stands out, and once your book is live on the Kindle store it’s really important to get some reviews so it shows up higher in results. Encourage readers to leave an honest review at the end of your book.

The best thing about this lucrative idea is that once you’ve invested the time (say 20 hours), you’ll earn a passive income for years to come! For a step-by-step guide to publishing and earning with eBooks, see “How to write a nonfiction eBook in 21 days“.

Affiliate marketing

If you’ve got a good presence on social media or perhaps you even have a blog or website, you can start bringing in money immediately by promoting all sorts of companies, products, services and offers online.

Sign up as a publisher on the Awin network, check their offers blog or browse the merchant listings to find something you think your friends would be interested in, grab your affiliate link and share it. If someone buys (can be within up to 90 days) using your link you’ll make a nice commission.

To take it a step further, set up a website (read our guide) or a topical Facebook page and invite all your friends to join it and post your affiliate offers on there.

Mobile phone recycling

You can earn good money and help the environment by recycling your old mobile phones and other unused devices. Maybe ask your parents if they have any lying around too.

Head to our page on making money from old phones for the best companies to use and how to ensure you get all the cash quoted to you online.

Become a ‘Clickworker’

The Clickworker.com concept is based on ‘internet crowd-sourcing’ where businesses advertise specific, scalable tasks they need completing quickly. And for us, it’s an easy way to make fast cash from our couch.

There are a variety of tasks, but most commonly they involve mindless data entry, web research or form filling. You are rewarded and paid in cash (via Paypal) for the work you do, and you can choose for what and when you work. Give it a go. [If you’re US based, also try Amazon’s ‘Mechanical Turk’].

Claim tax back

Many students work part-time or during the summer months, and others will be on placements or paid internships. More often than not, if you are a student working during the year, you will be overpaying income tax.

Why? Simply because few students reach the personal tax-free income allowance each year but are put on an emergency basic tax-code by their employers meaning tax is being paid when it shouldn’t be.

To learn more and calculate how much tax back you might be due, see our guide on student tax refunds.

Get cashback when shopping

I earned this much in 2 years

This is not only a way to make money but also to save money as a student. If you look at it in a different way then you are making money with every purchase you would have made anyway, whether it be 10% or 0.5% cashback.

There are a number of cashback sites out there which pay you the commission they otherwise would have earned.

We recommend signing up with Top Cashback, Quidco.com and Swagbucks which are free and offer the best selection of retailers and exclusives.

Part-time job

A part-time job is the obvious first choice, opted for by most students looking to supplement their student loan. It provides a pretty steady flow of income and can enable you to gain valuable work experience.

But good jobs are not always easy to find!

Start with our student job search, then check local classifieds and your university careers service for vacancies.

It’s also worth signing up with CV Library, a free service which will match your CV with suitable part-time jobs and career opportunities.

Read our guide to finding a part-time job whilst studying for more tips.

Gigs on Fiverr

Fiverr is now the world’s largest marketplace for people to make money selling small services (known as ‘gigs’).

What you offer could be absolutely anything, from writing and translating, social media posting, playing pranks and teaching to creating music, voiceovers and short video clips for people all around the world!

The default price is $5 (hence Fiverr..), but you can attach extra services to gigs for more money. Whilst it might not seem like much, it can quickly add up and there are plenty of examples of people making a really good living from the site. The key is to get a system in place which minimises the time spent on each gig.

But there is another way to profit even more from Fiverr for potentially far less work. How? By simply reselling gigs elsewhere. For example, find a decent logo designer then reply to jobs on Upwork or even local classifieds. A $5 spend can easily become $50+, and it’s repeatable!

If you’re not interested in selling at all there’s SO much good stuff you can get done for yourself. Have a browse and get inspired!

Review music for money

If you love music, make it your business by reviewing unsigned bands and artists online for cash with Slicethepie.

It can take a while to build up your reputation but some users of the site have said that they earn £40 a month. This may not sound like much, but if it’s something you enjoy then it shouldn’t be hard work and is another thing for your CV. Money you earn will be in $US but anyone can sign up and review.

To get started, head over to Slicethepie now or read our quick guide for more info.

Sell your notes

If you don’t mind sharing your notes with other students it’s a great way to generate a little extra cash. There are sites out there that you can upload your notes to, along with your price, and then when another student downloads them you get paid.

Most of these sites like Nexus Notes and Stuvia are free for you to list your notes but tend to take a cut of your profit in order to handle the marketing etc so that you don’t have to go out there and promote your notes yourself.

You will most likely have to upload PDFs but it’s worth it for the return and you can submit handwritten notes but you’re likely to make more money if they’re typed up.

Sell second-hand course books

One great way to make money is to buy other students’ textbooks at the end of the year, and then sell them just after freshers’ week – when the new intake of students know that they need them!

You can either advertise on campus or list them online very easily on Amazon Marketplace (just bear in mind they take a commission on books sold).

Competitions

Entering competitions of course comes with no guarantees, but there is a growing community of so-called ‘compers’ in the UK consistently making up to £50,000 a year through all sorts of competitions.

Types of competitions available to enter vary from simple registration forms and Facebook page liking to answering questions correctly over the phone to being a TV game show contestant. Imagine you made it onto Deal or No Deal instead of just watching it!

Start by entering our very own monthly student competition (Follow our Instagram page to see when our next one is)!

Then head to our active competitions page to enter other free competitions that we have found. Just note that some of these sites may send you spam so use an alias email address and opt-out of as many of the offers as possible.

For loads more tips on achieving success and making money from competitions, read our guide to entering competitions.

Buy and sell domain names

A domain name is just a website address (eg. ‘savethestudent.org’ or ‘mysite.co.uk’) and there are lots of extensions (.com, .net, .co.uk etc).

They cost as little as $0.99 to register with GoDaddy.com yet premium domain names can fetch $1,000s if not millions when sold on. In 2007 VacationRentals.com went for a cool $35m!

Now you’re probably not going to come across anything like that, but you can still turn a quick profit with a bit of searching. The trick is to find available domain names which have some commercial value, snap them up and then list them for sale on a site like Sedo.com.

Mystery shopping

Today becoming a mystery shopper is easier than you think and you can get rewarded handsomely.

There are dozens of agencies that pay you to visit all sorts of shops and restaurants to feedback on how they are performing. We’ve reviewed the best agencies in our guide how to become a mystery shopper.

Tasking apps are another form of mystery shopping, where you earn rewards for completing small local tasks. It can be a lot of fun too!

Be an Extra

Do you fancy yourself as a budding young actor or just that person that walks past in the background shot of an episode of Eastenders? It could be you if you apply to be an extra in TV or film.

The pay isn’t bad either: £60-80 a day on average, and you hardly have to do anything!

There are lots of casting agencies that place willing extras. They make their money by taking a cut from your earnings, so always ask what that is before you take on work.

Head over to our how to become an extra guide for 5 of the better agencies, plus lots more advice on getting your first gig.

Sell all your old CDs, games and movies

If you are looking to make a very quick buck, then selling your old bits and bobs that are cluttering up your room is a good idea.

The best thing about it is that you can rip all the songs and films onto your laptop or external hard drive before selling them. This means that you are only really selling the plastic and artwork!

You can earn anything from 10p to £20 per item, and the earnings can really add up if you have a large collection. Whilst you’re at it, see if your parents have any ‘clutter’ they’d be happy to see the back of.

You can also sell almost anything for free on Amazon Marketplace or Preloved and sites like MusicMagpie will pay you instantly for sending in unwanted items.

For more tips and places to sell check out our guide on selling DVDs, CDs and games.

Sell on your education!

Becoming a tutor to other students is easier than ever. Until recently your market was limited to local face-to-face sessions, but thanks to online tutoring sites you can go global!

Udemy allows anyone to create an online course (on literally anything!) and get paid forever after as users take it up.

For one-to-one tutoring, list yourself on Superprof and UK Tutors.

You can expect to earn upwards of £10 an hour, and you don’t have to be highly qualified to tutor younger GCSE or even A Level students. Get started with our guide to making money as a private tutor.

Sell your photos

If you think you’ve got a good shot and a little creativity, try uploading your photographs for free to stock websites. A good starting point is Adobe Stock or Getty Images.

Make more money selling photo subjects that have fewer search results but you feel would have some demand. It might be a good idea to test them out in print first yourself (get free photo prints here).

Rent out your car parking space

Some student accommodation comes with a drive or garage. If you aren’t using your parking space and you live in a busy area then you might be in luck. There are plenty of people that may work in the city centre and are fed up of paying through the roof for daily parking.

Advertise your space on Gumtree, Parklet or Just Park.

Babysitting

It’s a classic money-maker, and for good reason. You get paid (well) to watch TV and not very much else – hopefully!

If you are wondering what to charge have a look at local ads, but you can expect to be paid over £9ph even if you aren’t trained in childcare.

Aside from advertising yourself, it’s free to create a profile on Care Babysitting. It really can be easy money (unless you get stuck with the child from hell!).

Our guide to babysitting walks you through the main considerations. For instance, in the UK you will need a DBS (Disclosure and Barring Service) check to look after small children, even though some parents may not ask for one.

Dog walking & sitting

If babies ain’t your thing, then maybe canines are. dog sitting is big business. Students especially are likely to have free time during the day when others are out at work and worried about their pets at home.

You could bag around £8 an hour per dog, and it’s also a great way to keep fit.

Join Care Pet Care who are best for dog sitting and also Tailster who specialise in dog walkers.

Become your own bank

‘Peer-to-peer’ lending is the future of banking. It cuts out the middle-man, passing on higher interest rates to you and cheaper loans to borrowers. And it’s all managed online from the comfort of your sofa.

Founded in 2020, RateSetter was the first to reimburse lenders on late payments or defaults through its ‘Provision Fund’. Effectively it is designed to be like a normal savings account. To date RateSetter say no investors have ever lost money, and they are fully FCA regulated.

Right now you can expect to achieve up to 4% fixed return, depending on how long you choose to lend for. If you can, go for the ISA account to earn interest tax-free.

Update: for a limited time also get this £20 bonus when you deposit just £10.

Work as a charity collector

Ok, so this job takes a certain kind of person, as you’ll have to take a lot of rejection and be persistent.

But if you are bubbly, personable and reckon you could sell ice to an Eskimo then this could actually be a great student money making idea. You get paid commission on new sign ups (typically around £20).

Have a look at Wesser as well as charity websites like Oxfam.

Rent out your house for filming

Directors for TV and film are always on the hunt for houses to film in. For instance, a scene for Coronation Street was recently filmed in the student house one of the Save the Student editors used to live in!

Not only can you make good money but it’s crazy seeing your own place on TV. Start out by looking at this site.

Rent out your body

If you are comfortable taking off your kit then why not try life modelling. Sit there in the buff while budding artists capture your every curve (or pokey bits) in frightening detail! Try RAM, a website especially designed for these kind of jobs.

You could also get involved in clinical drug trials, but be sure you fully appreciate any risks attached.

Warning: Do not do anything you are not comfortable with, no matter how desperate you are for money!

Freelance work

Perhaps you enjoy writing, managing Facebook pages or doing a little bit of graphic design in your spare time. There are so many freelance jobs out there that require simple skills or just time that someone else might not have.

And the best thing about freelancing is that you can work for clients in the UK and around the world with just an internet connection from home, to your own hours whilst developing valuable skills.

A great place to start is with the leading freelance site Upwork.com. Or try using our student job search to find freelance jobs closer to home.

Sell clothes on eBay

Everyone’s best friend when it comes to getting rid of junk is eBay. Online auctions are a sure-fire way to turn that sleeveless jacket (which came in and out of fashion in a week) into hard cash.

Some eBay sellers look at trends and try to predict what will be big ahead of the market. If you are good and don’t mind taking a risk then you can buy early in bulk and sell on when the craze hits.

For lots more tips on selling on eBay read this guide.

Sell your stories and videos

If you have an interesting story then you could try selling it to the papers. It could be anything from sleeping with a professional footballer to getting caught in a clothes horse!

One of the Save the Student team was unfortunate enough to have a pigeon fly through and smash their window at university and sold the story to The Sun for a tidy £50.

You could also film your mates at all times and send it into You’ve Been Framed to net yourself £250 and a few seconds of fame.

YouTube videos

According to recent stats we now watch more videos on YouTube than searches on Google. And with the recently introduced YouTube Partner Program you can now profit from making and uploading videos. You will receive a percentage of the advertising revenue collected per 1,000 views.

Depending on how successful you are (virality, subscriber base and topic) you can make a lot of money, and there are plenty of stories every week of more and more YouTubers making it their career.

Network marketing

Also known as Multi-Level Marketing (MLM), this is a business model that allows you to generate ongoing income in two ways: by making a commission selling products and by recruiting other members who go on to sell. The latter allows you to make money from the sales made by those you have recruited.

Importantly, this is not a pyramid scheme (they are illegal) because there is an end goal which involves a customer buying a product or service of value.

It’s also not a ‘get rich quick’ scheme. You will have to work I’m afraid! However with the growth of social media, network marketing is becoming easier and lots of people are now making a decent living from it.

This is a serious way of making good money on your own terms and it’s well worth reading up on it. I recommend getting “The Business of the 21st Century” by Robert Kiyosaki.

Source property for wealthy investors

We all know how much money there is in property, but on the surface (with house prices as high as they are) you might be thinking this market is off-limits.

Truth is, lots of people make a great deal of cash simply sourcing suitable properties for wealthy investors who simply have no time.

The trick is to find properties below market value (BMV) by avoiding estate agents and instead flyering your area with your contact details offering to buy houses. Then approach investors with a no-brainer offer to pass on the details of cut-price property in exchange for a % of the sale value.

Most cities will have monthly networking events for landlords and property investors. Track these down, sign up, put on your best suit and go along with lots of business cards. Or you could start on LinkedIn or even Twitter to build some initial contacts.

As you might imagine, this isn’t necessarily a quick way to make money but once you’ve got a few investors in your phone book it can prove to be very lucrative in the long run. If you’re interested, I recommend reading this book.

Bitcoin and cryptocurrencies

Update. We’re increasingly being asked about how to make money from Bitcoin (and other cryptocurrencies). This isn’t surprising given the ever-growing hype and stories of kids making millions.

Please don’t rush into buying Bitcoin to make money. It’s really important to know what you’re getting involved with. Read our new how to buy Bitcoin tutorial which explains everything you need to know.

There are many other creative ways to make money as a student, such as our 50 business ideas.

You’re Burning Your Hard Earned Money If You Do These 8 Things Often

A passionate writer who loves sharing about positive psychology. Read full profile

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Saving money in today’s economy can sometimes feel impossible. Do you often find you earn an okay amount but don’t seem to have enough at the end of the month? Taking a good look at our spending habits and recognising how we use our money can go towards re-evaluating and cultivating a life where we only spend what’s necessary.

8 Daily Habits That Drain Your Money Unknowingly

What can you do to help stay mindful of what you spend your money on? It’s all about adopting habits to help you be aware of how you spend your money but these are common habits we have that drain our money more easily.

You Justify Buying the Cheap Stuff

We think we’re saving money if we opt for the cheaper options but in truth, quality lasts longer. Looking at more expensive options as an investment rather than an unnecessary expense is a better mindset to have but we seldom think like this because in the moment more expensive equals more money.

Spending money on items that last rather than cheap ones that need replacing more often will save you money in the long run.

You Justify Buying Sale Items

We’re led to believe that buying stuff on sale is saving money. If you’re in a supermarket and what you intend to buy is on sale, then great. But we can get caught up thinking we’re getting a bargain when really we’d never have bought that item in the first place were it not on sale! So curb unnecessary purchases – don’t get sucked in to the sale items and justify buying them because you believe you’re saving money – you’re not.

Your Savings Account is Too Easy to Access

It’s so easy these days to with internet banking, to have easy access to our savings. While your good intentions are slowly piling up in your savings account, if it’s easy to get to, you can sometimes delve into it if you feel you’re down on your money.

So find savings accounts that aren’t so accessible and can’t be linked to your current account. This will help you think twice about transferring that money if it’s not so easy to do.

You Don’t Wait 30 Days Before Big Purchases

This is a good trick if you’re more of an impulse buyer. Impulse buying can drain our money extremely quickly and we can be very good at justifying why we need an item. If it’s a big purchase then do this 30 day rule before going ahead with it. You’ll be surprised at how much your mind can change in this period and often you’ll realise you probably don’t need to buy it or, even better, find a cheaper alternative in the meantime.

You Don’t Set Realistic Goals

When we set the intention of saving money, we can get lots of big ideas on how to do this but most of the time, although it feels good and productive to set these big goals, you can’t realistically stick to them in the long term. This then begins demotivation. So for example, instead of setting the goal of not eating out in the next month, set a more manageable goal of letting yourself eat out once a week instead of your normal 2 or 3 times.

You Don’t Write Lists of What You Need Before Shopping (and Stick to It)

This is similar to the impulse buying but more so when we’re food shopping. When you’re hungry, you will buy around 20% more food than if you went on a full stomach. Being purposefully mindful before you leave the house by making strict lists of what you need, will cut down more spending than you realise. Research recipes in advance and stick to only what you’ve written down. If it’s not on the list, it doesn’t make the cut!

You Waste Time Finding Cheap Deals

The emphasis here is on time. We spend so much of our time researching in order to find the best deals and often in these moments the best deals actually pass us by or sell out. Think of time as money too – overthinking and overanalysing can waste you money despite thinking that you’re ultimately saving it.

You Don’t Carve Out Time to Declutter Your House

Decluttering your living space is one of the best things you can do to save money. Not only because you can sell many of your old items and actually make money, but also it transforms the space in your mind as well. Once you realise that you don’t need so many possessions to make you happy, it will shift your mindset and make you more aware of unnecessary spending in the future.

Cultivating this mindset is what will save you the most money in the long-term and help you to re-evaluate what’s important to you. So adopt the mindfulness of spending your money to create a better way of saving it.

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More by this author

Jenny Marchal

A passionate writer who loves sharing about positive psychology.

More by this author

Jenny Marchal

A passionate writer who loves sharing about positive psychology.

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Last Updated on March 25, 2020

How to Set Financial Goals and Actually Meet Them

Serial entrepreneur and working towards Early Retirement Read full profile

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Finances can push anyone to the point of extreme anxiety and worry. Easier said than done, planning finances is not an egg meant for everyone’s basket. And that’s why most of us are often living pay check to pay check. But did anyone tell you that it is actually not a tough task to meet your financial goals?

In this article, we will explore ways on how to set financial goals and then actually meet them with ease.

Table of Contents

5 Steps to Set Financial Goals

Though setting financial goals might seem to be a daunting task but if one has the will and clarity of thought, it is rather easy. Try using these steps:

1. Be Clear About the Objectives

Any goal (let alone financial) without a clear objective is nothing more than a pipe dream. And this couldn’t be more true for financial matters.

It is often said that savings is nothing but deferred consumption. Therefore if you are saving today, then you should be crystal clear about what it is for. It could be anything like kid’s education, retirement, marriage, that dream vacation, fancy car etc.

Once the objective is clear, put a monetary value to that objective and the time frame. The important point at this step of goal setting is to list all the objectives, however small they may be, that you foresee in the future and put a value to it.

2. Keep Them Realistic

It’s good to be an optimistic person but being a pollyanna is not desirable. Similarly, while it might be a good thing to keep your financial goals a bit aggressive, going out of the line will definitely hurt your chances of achieving them.

It’s important that you keep your goals realistic in nature for it will help you stay the course and keep you motivated throughout the journey.

3. Account for Inflation

Ronald Reagan once said – “Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hitman”. And this quote sums up the best what inflation could do your financial goals.

Therefore account for inflation whenever you are putting a monetary value to a financial objective that is far away in the future.

For example, if one of your financial goal is your son’s college education, which is 15 years hence, then inflation would increase the monetary burden by more than 50% if inflation is mere 3%. So always account for inflation.

4. Short Term vs Long Term

Just like every calorie is not the same, the approach towards achieving every financial goal will not be the same. It is important to bifurcate goals in short term and long term.

As a rule of thumb, any financial goal, which is due in next 3 years should be termed as short term goal. Any longer duration goals are to be classified as long term goals. This bifurcation of goals into short term vs long term will help in choosing the right investment instrument to achieve them.

More on this later when we talk about how to achieve financial goals.

5. To Each to His Own

The journey of setting financial goals is an individualistic affair i.e. your goals are your own goals and are determined by your want to achieve them. A lot of times we get on the bandwagon of goal setting only to realize later on that it was not meant for us.

It is important that your goals are actually your goals and not inspired by someone else. Take a hard look at this step at all the goals you’ve set for after this step, you will be on the way to achieve them.

By now, you would be ready with your financial goals, now it’s time to go all out and achieve them.

11 Ways to Achieve Your Financial Goals

Whenever we talk about chasing any financial goal, it is usually a 2 step process –

  • Ensuring healthy savings
  • Making smart investments

You will need to save enough; and invest those savings wisely so that they grow over a period of time to help you achieve goals. So let’s get down to ensuring healthy savings.

Ensuring Healthy Savings

Self realization is the best form of realisation and unless you decide what your current financial position is, you aren’t heading anywhere.

This is the focal point from where you start your journey of achieving financial goals.

1. Track Expenses

The first and the foremost thing to be done is to track your monthly expenses. Use any of the expense tracking mobile apps to record your expenses. Once you start doing it diligently, you would be surprised to see how small expenses add up to a sizeable amount.

Also categorize those expenses into different bucket so that you know which bucket is eating the most of your pay check. This record keeping will pave the way for cutting down on un-wanted expenses and pump up your savings rate.

2. Pay Yourself First

Generally, savings come after all the expenses have been taken care of. This is a classical mistake which almost everyone of us do. We pay ourselves last!

Ideally, this should be planned upside down. We should be paying ourselves first and then to the world i.e. we should be taking out the planned saving amount first and then manage all the expenses from the rest.

The best way to actually implement is to put the savings on automatic mode i.e. money flowing automatically into different financial instruments (for example – mutual funds, retirement corpus etc) every month.

Taking the automatic route will make us lose control of our money and hence will compel us to manage in what’s left with us thereby increasing the savings rate.

3. Make a Plan and Vow to Stick with It

Budgeting is the best to get around the uncertainty that financial plans always pose. Decide in advance how spending has to be made.

Nowadays, several money management apps and wallets can help you do this automatically. It’s easy and who knows, you may just end up doing what people fail to do.

At first, you may not be able to stick to your plans completely but don’t let that become a reason why you stop budgeting entirely.

Make use of technology solutions you like. Explore options and alternatives that let you make use of the available wallet options and choose the one that suits you the most. In time, you will get accustomed to making use of these solutions.

You will find that they make it simpler for you to follow your plan, which would have been difficult otherwise.

4. Rise Again Even If You Fall

Let’s be realistic. It’s not like the world will come to an end if you made one mistake. This isn’t called leniency but discipline.

If you fail to meet your budget for a month, don’t give up the entire effort just like that. Instead, start again.

Remember that flexible plans are the most realistic plans. So go forward and try to follow your financial goals as planned but if for some reason, the plan gets out of hand for you, do not give up on it just yet. This has a lot to do with your psychology rather than any material commitment.

All you have to do is to stay on the road and vow to stay on it, no matter how much you fall down.

5. Make Savings a Habit and Not a Goal

In the book Nudge, authors Richard Thaler and Cass Sunstein advocate that in order to achieve any goal, it should be broken down into habits since habits are more intuitive for people to adapt to.

Make Savings a habit rather than a goal. While it might seem to be counter intuitive to many but there are some deft ways of doing it. For example:

Always eat out (if at all) during weekdays rather than weekends. Usually weekends are expensive. Make it a habit and you would in turn be saving a great deal.

If you are travelling buff, try to travel during off season. Your outlay will be much less.

If you go out for shopping, always look out for coupons and see where can you get the best deal.

So the key point is to imbibe the action that results in savings rather than on the savings itself, which is the outcome. Focusing on the outcome will bring out the feeling of sacrifice which will be harder to sustain over a period of time.

6. Talk About It

Sticking to the saving schedule (to achieve financial goals) is not an easy journey. There will be many distractions from those who are not aligned with your mission. And it would be rather easy to lose the grip over your discipline.

Therefore in order to stay the course, it is advisable that you keep yourself surrounded with people who are also on the same bandwagon. Daily discussions with them will keep you motivated to move forward.

7. Maintain a Journal

For some people, writing helps a great deal in making sure that they achieve what they plan.

So if you are one of them, maintain a proper journal, where you write down your goals and also jot down the extent to which you managed to meet them. This will help you in reviewing how far you have come and which goals you have met.

Use this journal to write down all essential points such as your short term, mid term and long term goals, your current sources of income, your regular expenses which you are aware of and any committed expenses which are of recurring nature.

When you have a written commitment on paper, you are going to feel more energised to follow the plan and stick to it. Moreover, it is going to be a lot more easier for you to follow you and track your progress.

At this point, you should be ready with your financial goals and would be doing brilliantly with savings; now it’s time to talk about the big daddy – Investments.

Making Smart Investments

Savings by themselves don’t take anyone too far. However savings when invested wisely can do wonders and we are at that stage where we will talk about making smart investments.

8. Consult a Financial Advisor

Investments doesn’t come naturally to most of us therefore rather than dabbling with it ourselves, it is wise to consult a financial advisor.

Talk to him/her about your financial goals and savings and then seek advice for the best investment instruments to achieve your goals.

9. Choose Your Investment Instrument Wisely

Though your financial advisor will suggest the best investment instruments, it doesn’t hurt to know a bit about them.

Just like “no one is born a criminal”, no investment instrument is bad or good. It is the application of that instrument that makes all the difference.

Do you remember we talked about bifurcating financial goals in short term and long term?

It is here where that classification will help.

So as a general rule, for all your short term financial goals, choose an investment instrument that has debt nature for example fixed deposits, debt mutual funds etc. The reason for going for debt instruments is that chances of capital loss is less as compared to equity instruments.

10. Compounding Is the Eighth Wonder

Einstein once remarked about compounding,

Compound Interest is the eighth wonder of the world. He who understands it, earns it… He who doesn’t… Pays it.

So make friends with this wonder kid. And sooner you become friends with it, quicker you will reach closer to your financial goals.

Start investing early so that time is on your side to help you bear the fruits of compounding.

11. Measure, Measure, Measure

All of us do good when it comes to earning more per month but fail miserably when it comes to measuring the investments; taking stock of how our investments are doing.

If there is one single step where everything (so far) can go wrong, it is at this step – Measuring the Progress.

If we don’t measure the progress timely, then we would be shooting in the dark. We wouldn’t know if our saving rate is appropriate or not; whether financial advisor is doing a decent job; whether we are moving closer to our target or not.

Do measure everything. If you can’t measure it all yourself, ask your financial advisor to do it for you. But do it!

The Bottom Line

This completes the list of tips for you to set financial goals and actually achieve them with not so great difficulty.

As you can see, all it requires is discipline. But guess that’s the most difficult part!

How to make money online without investing

Reading time: 12 min.

Is it possible to make money online without paying anything? You may have no seed capital, but you certainly have access to useful information that’s right here in front of your eyes to shed perspective on effective methods of earning. We’ve prepared a guide on how to earn money online without paying anything.

Ways to make money online

Unfortunately, we live in the world of unequal opportunities. But, the internet has made positive adjustments which give everybody a chance to achieve financial well-being without any investments or useful relationships. Wherever you are, if you have an internet connection, you have the same opportunities as billions of other people around the world. Let’s look through the most credible methods of making money online in 2020:

  1. Content writing
  2. Blogging
  3. Affiliate marketing
  4. YouTube
  5. Trading
  6. Selling photos
  7. Other ways

Next, we’ll tell you how to make money online without investments in terms of those methods, and how to reap the maximum benefits from them to increase your income and make it stable.

Content writing

You see written content every day on the web pages you visit in the form of articles, blog posts, announcements and press releases (event content), technical and other tutorials, guides and descriptions. However, it’s not the same type of writing that you did in school, like compositions, summaries or dictations.

Content writing should be unique and creative enough to immerse users in the essence of the texts and to help them embrace the idea, motivate them for the certain action, convince them of something or provoke certain feelings. In this case, you can succeed and earn money online for free.

How much you can earn

You can make anywhere from $500 up $2,000+ per month writing content for diverse web resources. The exact amount depends on your skills, type of content and the volume of of articles you produce. The rates for top content writers can range from as low as $15 dollars an hour to as high as $80, though most fall in the $30-50 range. The prices depend on markets, the writer’s location and experience, as well as his/her expertise.

How to start

As a rookie, you’ll be looking for a good start. In our digital era, there are plenty of job boards that give good opportunities to beginners. To start, you can use:

You can find short-term tasks or full-time contract work there. Your specialized skills can get you on a cool project team.

Some skills are required to earn money online without paying anything by writing content. Let’s look through some recommendations that would be very helpful for you at an early stage of your new career:

  • Use a task management program (Trello, Google Sheets or others)
  • Use an image editing program and editing apps (Grammarly or Hemingway)
  • Practice writing constantly
  • Create a portfolio
  • Keep track of all your projects
  • Jot down content ideas

Using a job board is not the only way to start your career as a paid content writer (however, it is the fastest and the easiest). You could start a blog that you then can use to showcase your skills. Another approach is to find related communities on social media (Facebook or LinkedIn) to get a job.

How to become an expert

You should keep an eye on the quality of your work and continue to gradually improve your writing up to the highest standards. Here are some common recommendations to make your texts more valuable:

  • Form a killer title and first paragraph
  • Keep it simple, sans exaggeration
  • Edit, read and edit again
  • Deliver value through your content
  • Conclude with a powerful note
  • Pay attention to the critics

To make it easier to get started, and make quick money online for free, you should pick a niche at first. After mastering that niche, then you can try to become a multitasker. Besides, you should learn different writing styles, but finding your own is crucial.

Blogging

Plenty of people have their own blogs, but not everybody seeks to gain benefits from them. However, it is possible and profitable. A blog is a site with mostly written content, where the author writes about a certain topic from his/her own perspective. They then go on to correspond with readers to make direct contact.

Blogging is a hobby and it’s a good way to share your knowledge with the world. The reader’s’ interest and positive comments are just a bonus, but they can bring in a lot of revenue if you want. While your blog is gaining popularity and the number of subscribers increases, you can add products or services on your blog to sell.

The easier approach is to sell your blog space for ads. You shouldn’t need to find advertisers, because your blog will be popular and they will have already started hunting you. You can join Google Adsense or other contextual advertising networks at the beginning.

How much you can earn

Blogging allows you to make money online from home for free, but how much can you get? The payments depend on you as a blogger. Are you independent or are you employed as a blogger for an established company or website? For the last one, the ranges vary from $19,000 to $79,000 a year. Freelancers can get $10,000 or more for just a post!

Your salary will depend on several factors – the frequency of updates, the relevance and quality of your content, the competitiveness in the niche you’ve chosen and the effectiveness of your marketing strategy to build an audience and generate traffic.

How to start

  1. Find a good descriptive blog name that is relevant to your topic
  2. Choose a great domain name and domain extension (.com, .net, .org, etc.)
  3. Employ a blog host and software to get a template
  4. Customize your blog (change the design)
  5. Write several blog posts
  6. Publish the blog
  7. Promote the blog to gain traffic and an audience
  8. Start monetization

To succeed in blogging, you should be passionate about your topic, but also about your long-term business model. Analyze competitors and take into consideration potential challenges. If you need more tips, visit Travelpayouts for valid information.

How to become an expert

Interesting content is paramount and helps grow your income. There are two main ways to monetize – take money for ads or sell something. Other ads may not be as profitable as you want.You allow other people to use your traffic. This means that you may earn money on an ad, but it may not resonate with your audience and cause dissatisfaction. However, such an approach doesn’t demand much of your time and effort, so you can take this route if you don’t care about your “personal space.”

If you are selling a physical or digital product, you should know for sure that your readers need it. Then, you should get your leads’ contact information in exchange for a valid giveaway.You can make a sidebar opt-in box on your site, as well as a popup to encourage users enter their email to win the giveaway.

We’ve prepared a set of useful articles to make your work easier:

Affiliate marketing

If you want to make money online with no money to start, you can join affiliate marketing and become an affiliate. That means you direct your site/blog visitors to the product and get commissions for purchases they make. In this case, you can combine blogging and affiliate marketing to get more revenue.You can trash the blog and use affiliate arbitrage to resell traffic via PPC. For this purpose, you should know more about making money without a website.

How much you can earn

Affiliate rewards usually start at 1% and can reach 10% or even more. The percentage depends on the company’s policy. Additionally, you can get extra promotions and privileges.

Note that you do not get money for clicks, but for real purchases. Moreover, if you get $500 today, it doesn’t mean you’ll earn the same amount tomorrow.

Affiliates are divided into levels according to their income. Low-level affiliates usually earn up to $100/day. The affiliates at the highest level manage to earn a profit of more $10,000/day.

How to start

First, you should find an appropriate affiliate program, taking into consideration the program’s terms and conditions, along with your own preferences. To choose a niche you already like is much better than to start from scratch. You should select an evergreen niche like traveling. You don’t need pay anything to earn via travel, just follow the steps:

  • Join Travelpayouts
  • Get your personal affiliate link to flight tickets, hotels or other travel services
  • Share this link on your blog or even with your friends

You will be rewarded for each purchase that was made through your affiliate link. After you make your first profit, you can re-invest it to create a blog or continue to develop your current project.

Set up your own blog or website and fill it with content related to the product you promote. Then, start development by using relevant keywords – this is not a fast way to make money, but it’s a good way to build your own source of steady income.

Content can be diverse – product reviews for individual products, comparisons, information-based articles, guides, etc. You should use an appropriate set of marketing tools to gain more traffic – PPC, email marketing or SMM, for example.

How to become an expert

Affiliate marketing is not rocket science, but you should acquire some knowledge first, though. Your goal will always be traffic generation to direct users to the merchant’s resource through your affiliate link.

You should care about both free and paid traffic. Utilizing social media marketing is very helpful for getting traffic. Doing videos on social networks is extremely effective today. Don’t forget to use anchor links in order to make them short, friendly and attractive users.

Another crucial skill is copywriting. Note that only a few affiliate programs provide you with ready posts. You will need to prepare articles yourself or hire someone.

We’ve prepared a set of useful articles to make your work easier:

YouTube

It is possible to make money online with YouTube without having millions of subscribers. You can create your channel with a great earning potential depending on the niche you’ve chosen and the level of engagement that you create. If you already have your own blog and a strong subscriber base, you can start making money quickly. You can also earn via video ads, sponsorships and crowdsourcing.

How much you can earn

Nobody can say exactly how much you’ll earn, because of many factors influence the result – CPM (cost per million), views, CPC (cost per click), watch time, CTR (click through rate), user retention, traffic source, traffic region and video category all play a role. You only start earning money after 4,000 watch hours for the previous year, plus 1,000 subscribers.

You can forecast your result using the Youtube Money Calculator that was developed to calculate the estimated income from your videos or channel. The calculations are based on the factors listed above. For example, if your daily video views equal 20,000 views/day, you can get from $28.50 up to $47.50 dollars a day.

You can combine different income sources to earn more. Read about how you can earn from a YouTube channel. This interview with a channel owner may also be useful for you.

How to start

First, build your channel and then add keywords in the settings to allow people to see your channel in the YouTube SERP according to their requirements. The second step is to add high-quality, yet brief content. Note that uploads must be on a regular schedule and you should track the results of each one.

Your next task is to build an audience to increase monetization and that starts with allowing YouTube to place ads in your videos. Then, you should set up Google AdSense to let the service send you money per click or per view.

How to become an expert

To grow as a YouTuber and to improve your content, you should always check your analytics to see how your strategy is performing. Here are some additional tips:

  • Don’t use YouTube exclusively for placing videos. Share them wherever possible – social media sites, blogs, etc
  • Join YouTube as a partner to get access to more content creation tools
  • Use services to create free quizzes and polls to encourage people to answer your questions. In this case, you get paid for visitors and you get audience feedback at the same time
  • Improve your content by using various high-quality equipment like software, cameras, tripods, etc
  • Make eye-catching descriptions

Don’t view your subscribers as traffic. They are real people and that’s why you should always try to respond to them. Answer their questions and discuss their comments. Your loyalty and readiness for communication is an effective tool to build an audience.

Trading

Another way to make money online for free without scams is trading. That essentially means exchanging one thing for another. You could buy and sell plenty of things – currencies, shares, oil, crypto or anything else. You don’t need to be the owner of the product, but you can deposit and trade on a special platform that takes commissions from payouts. However, financial trading carries risks with it:

  • Marketability – the possible decrease in the liquidity of your investments
  • Currency translation – when the value of your currency falls against another currency
  • Hidden transaction costs
  • The price you expect may differ from the price you really get
  • An opening stock opening is different from its last close

You should actively avoid frauds in this niche. The most credible platforms are Ally Invest. It’s the best for cheap trading. E*TRADE is mostly a good fit for beginners. Be very carefully though.

Warning: Trading without knowledge and skill can be dangerous and we do not recommend using this method without both. Learn through this demo-account using fake money.

How much you can earn

Your income is determined by your level of risk aversion – the riskier you are per trade, the more you get. On average, if you invest $1,000, you can make around $100-150 per year what is 10-15% p.a. Your revenue depends on the strategy you choose. It usually consists of many components and its profitability can be measured according to its win-rate and risk/reward ratio.

How to start

First, you should learn the stock market. That will help you understand the value of the company and its shares. Then, you should consider your means and assess the risks properly. The next step is to find out which platform relates the most closely to your purposes. It should be reliable and honest, provide you with a set of tools for research and offer low commissions.

Warning: Practicing before depositing is crucial in trading. That’s why it’s best to choose the broker with a demo mode to use to study. Before trading, you should choose your strategy and constantly check its effectiveness.

How to become an expert

To achieve success, you should steady your income and grow your benefits regularly. If you choose small or medium-sized stocks, you can win a jackpot, but suffer heavy losses. Trading on large platforms allows you to enjoy stability.

If you are rapidly losing money, get out of the market and don’t try to get revenge.You should identify your point of failure. Don’t be greedy and buy more, because the price hike is a result of market manipulations and not company efforts. One more tip is to only trade at your own expense and remain calm despite market conditions.

Sell photos

If your main goal is to earn money online without investing, and you’re a creative person at the same time, you can earn revenue through stock photography. Stock photos are licensed pictures used by businesses, web-designers, marketing agencies and media companies. How do they work? You take photos and then sell them to global companies like Shutterstock or Fotolia.

How much you can earn

Your profit is determined by your own skills, authenticity and creativity. It is important to note that some companies have strict rules and won’t pay you until they sell your photo. However, there are some sites that work on a pay-per-download basis, in which case you have a chance to increase your commission.

Your income also depends on the number of photos that have been approved. You may earn more for one photo that has been downloaded several times than for several photos that have only been downloaded once.

How to start

There are many of stock photography websites. First, you should sign up on the stock photography website you decide to go with. One of the most popular ones is Shutterstock. Here are some simple steps to get started:

  • Sign up on the website
  • Download high-quality images
  • Upload content with their platform to get tips for success
  • Earn a fee every time your image is downloaded

Note that you will need an account at submit.shutterstock.com. You’ll have to provide personal information and verify your email. You can provide some photos, illustrations or videos for your debuted submission debut.

How to become an expert

Choose a single topic to sell more – business, everyday life, medical or education, for example. Take everything that happens every day in to consideration to help catch a moment and make your photo extremely natural. You should always look at what is happening on TV and in normal life.You can draw graphics as well, with the aid of drawing tablets (they make digital art easier and faster).

Most of the large stocks want you to shoot authentic people and things that inspire you. At the same time, some contributors track hits and competitor sales and want similar photos. Therefore, to become an expert you should focus on both your own preferences and the company’s policy.

Other ways to make money online without paying anything

If you still have questions about how to earn money online quickly and easily without investment, here are a few ideas.

  1. Client work through digital marketing to sell websites and other tools for promotion online. For example, you can create logos or business cards if you are a designer. If you are keen on copywriting and SEO, you can fill websites with relevant content.
  2. Complete small surveys providing your feedback and opinions which can earn from $1 up to $20 per one survey.
  3. Join a PTC websites to click and read the apps. It takes just up to 30 seconds to view one ad and be paid for it.
  4. You can become a captcha solver who reads captcha images and types the related symbols. It only takes two hours a day and lets you put $2 for every thousand captchas in your pocket.

Indeed, there are plenty of other ways to raise money without any investments. These great possibilities made possible via the internet are giving equal chances for everybody to make a good living sitting in the comfort of their home.

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