During my career, I worked for a Fortune 500 company and earned an excellent salary. However, the organization was facing serious issues, and rumors of layoffs were widespread. I became terrified of losing my job.
My earnings made up 75 percent of my household’s income. Without that money, there was no way we could make ends meet. I spent many sleepless nights worrying about what we’d do if I ended up on the chopping block.
I became obsessed with building multiple income streams. From freelance writing to cash-back shopping apps, I cultivated about a dozen different sources of monthly income. Within a year, I was bringing in about $2,000 a month beyond my salary. The multiple sources of income gave me peace of mind and security in the face of workplace cuts.
If you’re like me and want to diversify your income or simply want to make extra money on the side, there are plenty of legitimate ways to make money from home.
5 ways to make money from home
If you want to start earning extra cash, you can use apps to make money right from your home. Best of all, you don’t need specialized tools or fancy equipment. You just need a smartphone and some spare time.
NiceTalk is one of a growing number of apps that pay you to have conversations with non-English speakers. Chinese users use the app to practice their English language skills by talking to native speakers.
As a NiceTalk tutor, you can work on your own schedule and make $10 per hour. Payments are sent through PayPal, and the company pays you weekly as long as you earn at least $20.
Demand for native speakers can fluctuate. One day you might have hours of steady work, then go several days without any at all. NiceTalk can help you earn extra cash, but it’s not a reliable source of steady income.
To qualify as a NiceTalk tutor, you must be an English native speaker, have high speed internet, and own an iOS or Android smartphone.
2. Amazon Associates
Amazon Associates is an affiliate link program. If there’s a product you would recommend to a friend, you copy a link to the product and share it on your blog or social media accounts. If anyone purchases that item — or goes on to buy other things on Amazon — you get a small commission of their order total.
It’s a quick and easy way to make extra money without dedicating a lot of time. I spend about an hour each month choosing and scheduling affiliate link posts on my small blog. That hour’s worth of work generally results in about $200 per month in my pocket.
Though it can take some time to build an audience or get traffic to your social media accounts, signing up for an Amazon Associates account is quick and easy. It’s free to join, and you can start creating links and making money quickly.
Once you’re set up, you can manage your account and create posts directly from your phone using the Associate app.
If you’re skilled in math, science, English, or test preparation, you can earn money by acting as a tutor through Mentored. Students can connect with tutors right away if they’re having trouble with homework or are studying for a test. As a mentor, you use the app to interact with students and help them with their work.
Sessions are generally short — usually 20 minutes or less. You can work when it’s convenient for you and choose which questions or issues you tackle. The company does not list pay on its website, but according to Care.com, you can expect to earn $15 per hour.
You can work from your smartphone, tablet, or desktop computer.
If you’re bilingual, you can earn up to $18 per hour translating text with Unbabel.
Unbabel is a translation generator. To ensure the translation is as accurate as possible, the company relies on human editors to review the text and confirm that it sounds natural. You do not need to be a professional translator; you just need to speak at least two languages to start work.
All work is done through the app. Unbabel pays workers weekly through PayPal or Skrill.
If you have previous sales call experience, you can make up to 30 cents per minute of talk time with VOIQ, with the potential to earn performance bonuses. VOIQ is a company that provides large businesses with remote sales agents to help them increase profits.
There are plenty of remote call center jobs available, but many require you to have an elaborate home setup, such as a separate and dedicated internet connection, specialized headset and microphone, and software. VOIQ is different; all you need is your smartphone and a reliable internet connection.
To qualify for a VOIQ sales agent role, you must have three to five years of call center experience. Once hired, the company pays you weekly via PayPal.
One thing to keep in mind is that you won’t have continuous talk time every hour you want to work. If there’s downtime, you might only make $10 per hour. VOIQ likely can’t replace your regular income, but it can be a source of supplemental money.
Earning extra money in your spare time
If you need to boost your income, but can’t (or don’t want to) pick up side gigs delivering food or driving passengers, these apps can provide a smart alternative. By spending a few extra hours each day or week on these apps, you can increase your earnings to meet your financial goals and protect you in case of an emergency.
If you’re looking for more low-key ways to make money from home, you can earn cash without ever leaving your couch.
Interested in refinancing student loans?Here are the top 6 lenders of 2018!
|Lender||Variable APR||Eligible Degrees|
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1 Important Disclosures for Earnest.
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 3.89% APR (with Auto Pay) to 5.87% APR (with Auto Pay). Variable rate loan rates range from 2.47% APR (with Auto Pay) to 5.87% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of Month/Day/Year, and are subject to change based on market conditions and borrower eligibility.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 08/21/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at firstname.lastname@example.org, or call 888-601-2801 for more information on ourstudent loan refinance product.
© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.
2 Important Disclosures for Laurel Road.
Laurel Road Disclosures
3 Important Disclosures for SoFi.
4 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
5 Important Disclosures for CommonBond.
6 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|2.57% – 6.98%3||Undergrad & Graduate||Visit SoFi|
|2.47% – 5.87%1||Undergrad & Graduate||Visit Earnest|
|2.80% – 6.22%2||Undergrad & Graduate||Visit Laurel Road|
|2.51% – 8.03%4||Undergrad & Graduate||Visit Lendkey|
|2.48% – 6.25%5||Undergrad & Graduate||Visit CommonBond|
|2.57% – 8.17%6||Undergrad & Graduate||Visit Citizens|