25 Part Time Jobs To Make Some Extra Money In 2019!

If you’re finding your wallet empty and your budget stretched too thin, it may be time to add another job to your resume. Even part-time jobs can yield big returns.

Check out the 25 jobs below that are known to bring good sized paychecks without requiring you to clock in a 40-hour work week.

1. School Bus Driver

Most school districts have a difficult time finding enough drivers, and openings pop up at any time during the school year. Drivers are given complete training and then work around 20 hours a week or even less. Pay scales average around $15 per hour, and you may will have plenty of school holidays and the whole summer off for other pursuits.

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2. Bank Teller

There are also frequent openings for tellers, and in financial institutions there’s plenty of opportunities to advance in your position. Pay is good and even as a part-timer you could have the option of contributing to a retirement account. You will quickly get up to speed handling money and your math skills will increase exponentially. Bonus: you can make your own hours and even work weekends so you can fit this part-time job into your schedule with your regular full-time job.

3. Private Tutor

If your math skills are above par or you know the books “Lord of the Flies” and “To Kill a Mockingbird” (which you read and critiqued in high school and are still part of the
English curriculum) this part-time job is for you. It can be done online, but you can typically charge more if you go to your student’s home or even work at a public place such as the library. Since this job is done in evenings or weekends, this is a good choice if you’re adding a part-time job to your daytime 9 to 5 job. Personal tutors can rake in as
much as $30 per hour, making this a stellar option if you’re willing to crack the books and are patient correcting grammar and spelling. Be prepared to proofread and edit your student’s work so it’s perfect.

4. Editor

Speaking of proofreading, editing is a great option because you can work your own schedule (although you need to make sure you adhere to deadlines). Build up a steady group of clients through social media marketing and word-of-mouth, and you can earn a pretty penny. Since this is done online, if you work accurately and efficiently, this can be the ideal part-time job for you.

5. Landscaper

Love being outdoors? Landscaping is a fantastic part-time gig because there’s work in all seasons. In summer, you’ll be hired to mow and trim bushes; there are plenty of leaves to rake in fall (no jumping in the piles allowed!) and snow removal in winter. Again, you can set your own house and do the bulk of the work in summer and fall on weekends to rake in the highest pay. Design business cards to distribute and watch your client list blossom.

6. Home/Office/Church/School Cleaner

There are almost unlimited places that need cleaners, from private homes to high schools. Pop an ad up on social media and you’ll soon have lots of messages from home
owners, church pastors and business people looking for cleaning services. School cleaners and office help typically work nights, and you can squeeze in home cleaning during the day when clients are at work. Piece together a small group of customers for a part-time job that makes sense to you and your schedule.

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Cleaner, Flickr

7. Office/Administrative Assistant

From making travel plans to scheduling meetings, this assistant to business people is a great part-time gig. Some assistants even work from home. You can bring in optimum pay if you snag a boss that’s a CEO in a larger company, earning around $15 to $25 per hour. Note: you will likely need to work regular business hours, so plan accordingly.

8. Deliver Mail

Did you know mail carriers average about 20 hours a week? If you are interested in being outdoors, getting lots of exercise and working independently, this job is for you.
Even though this is a part-time job, with pay around $20 an hour, you’ll see money delivered to your bank account that really adds up.

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9. Dental Hygienist

If you’re willing to go back to school to earn an Associate’s Degree, this low-stress, high demand job allows you to set your own hours and also the number of hours you work
each day. You will always have nights and weekends off, and can earn a smile-worthy $35 an hour.

10. Makeup Artist

Always had a way with eyeliner and contouring? Master the art of cosmetics and you can work at a store offering makeovers or work on your own with clients who want to
look their best for special occasions like parties and weddings. Be sure to take pics to develop your own portfolio and ask happy clients for testimonials praising your work.

11. Yoga Instructor

Study for your yoga license and open your own business to teach classes, or work with small groups or individuals on this form of exercise and relaxation that’s become highly
sought and is all the rage these days. Both physically toning and mentally soothing, yoga is being embraced by people wanting to escape the stress of everyday life. As an added bonus, you’ll get into the best shape of your life teaching classes! Time to say “namaste” and learn this art to teach to others wanting to slow down their fast-paced stressful daily life.

12. Entrepreneur

There are so many ways to work part-time developing your own niche business. Artsy? Create a brand and sell anything from painted sneakers to hand-stitched placements on sites such as Etsy. Got an idea for something that will improve peoples’ lives? Have a gadget you’d love to develop? Take the plunge and follow your dreams as an entrepreneur. If you’re committed and willing to put in the time and effort, you can watch your home-based small business grow and flourish.

13. Baker

Many successful bakers launched a business starting with just a handful of recipes for homemade pies and cakes. You will need to set up a certified commercial kitchen that
meets health department standards, but once up and running, you can bake your specialty gourmet cheesecake, frosted cookies and shortbreads and even offer delivery as part of the service. Some churches and fraternal lodges have commercial grade kitchens they may be willing to rent out to you. Watch this sweet business grow, and you can turn it into a full-time job running your own bakery.

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14. Pet Care

From dog walking to dog washing, this job always has a high demand. In today’s busy world, lots of business people seek dog walkers during the day, or even while they’re away on vacation. Some even hire dog lovers to go socialize with this much-loved member of their family. You can also offer pet washing and grooming at peoples’ homes. Or try a “take a pet to the vet” service to relieve owners of the stressful job of keeping Fido’s shots up to date. If you’re an animal lover, this part-time job is a walk in the park.

15. In Home Care

You will need to sign on with a professional service to take on this job, but there is high demand for people to provide home care for older adults. Your tasks will likely include light housekeeping and/or meal planning and cooking, but your main job duty will be spending time with an elderly adult, socializing and ensuring their safety. Be sure to have pristine references for your background. If you’re compassionate and want to work with people, this caring part-time job could grow into full-time work as you take on a roster of clients.

16. Realtor

Brush up on your sales skills and get your realty license, and you’re in business. Sure, you will spend a good amount of time showing homes, but commissions are high when you make a sale. Sign on with a reputable realty company and start hustling.

17. Test Monitor

This is a no-stress job that pays a decent hourly wage. From civil service tests to college exams, monitors keep an eye on what’s going on in the classroom to ensure rules are
being followed and to time test completion. You will be paid by the hour for this easy peasy gig. Check with local school districts to start.

18. Grocery Store Brand Rep

This is another low stress part-time job because it doesn’t involve actual sales. Instead, you offer samples and hand out coupons for everything from Kellogg Cereals to Doritos to boost their business. Sure, you may need to wear an apron, but you can work your own schedule and even test the samples yourself.

19. Customer Service Reps

Places like visitor’s centers, museums, convention halls and hotels are always looking for guest service reps to handle everything from greeting people to leading tours. At conventions, you can be a scheduler and event organizer for any gatherings you choose, making this a part-time job that will keep you challenged and on the go.

20. Survey Caller

No one likes to answer the phone for a cold call from someone with a pushy sales pitch, but answering surveys is an entirely different thing. You can be hired by any number of companies to do surveys on peoples’ likes and dislikes that provide valuable feedback about a product or service. There may be a call center, but chances are good you can conduct surveys from home, making this ideal for setting your own hours.

21. Parking Attendant

Sure, you will have to sit in a small booth, but hey, at least you’re not on your feet for hours at a time. Ticket booth operators may also need to make change and deal with a
few cranky people when you tell them the lot is full, but in general this is a low-stress part-time job that has the added benefit of working independently without anyone looking over your shoulder.

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Parking Attendant, Flickr

22. Retail

You can easily name your own hours in this high-demand job. Pick a store with brands you like to take advantage of the worker’s discount. Many store workers simply greet
people and offer to help them shop, or work the cash register. You don’t necessarily get involved with pushing sales on people that may be undecided. Another plus: you can work evenings or weekends at your discretion, so this job can easily be fit in with a full-time job. Seasonal work around the holidays is always available.

23. Restaurant Host/Seater

Pick your favorite chain or independent eatery and apply for a host/hostess job. This is different from waitressing, which is a stressful, labor intensive job. Hosts and hostesses generally greet people, lead them to a table and hand out menus. Time will fly by in this fast-paced job and you may even be offered discounted or free meals as a staff member.

24. Social Media Marketing

Investing Simple is affiliated with Kevin David.

Many people don’t know the difference between a Tweet and a Facebook post, or what Instagram even involves. Whether they want to learn these skills for a small business or for keeping in touch with family and friends, you can use your knowledge and experience with social media to teach others lacking understanding and practice. There are plenty of technology shy people out there too embarrassed to ask for help but willing to work privately with someone who knows their stuff. Leverage the social media know how you already have into a great consulting gig!

Check out this video to learn more about how you can make money through social media marketing. Here is the free training link.

25. Lifeguard

Yes, you will need to become certified, but think of the great shape you will be in afterwards. You can work outside during the summer and inside at gym or school
pools in colder months, and rates of pay are high. Try this out and expect a flood of job offers coming your way.

Part-time gigs require flexibility and the willingness to think outside the box to seek work that’s in high demand. But once you’re in the groove of your 20-hour or less a week job, you will see your income soaring.

Got a suggestion for a part time job? Comment below!

31 Side Hustles To Make An Extra $100 In 2019!

Sure, you work all day to earn a decent living that covers your basic expenses, but
who couldn’t use a little extra moola, especially around the holidays?

Side hustles are called this for a reason: you do them outside your regular job, and
you’ve gotta hit the ground running and keep up pace to earn the big bucks.

Here are 31 suggestions to get you started with your side hustle:

1. Sell your extra stuff on eBay

Got extra merch? Set up your own store on eBay with a seller account, then
write some catchy copy to lure in customers. Your inventory can include
everything from new socks to bicycle tires, you name it. Find a niche and
start offering advice, such as how to install bike tires; your customers will be
grateful for the extra how-to info.

2. Break out your camera and take photos

Practice makes perfect, and once you’ve mastered the art of photography,
you can sell your masterpieces online. Or create a portfolio (doesn’t matter if
it’s pics of your Aunt Margaret or Uncle Hal; no one will know), then
market yourself as an events photographer for proms, birthday parties and
graduations.

3. Teach a continuing education class

If you’ve learned something others could use, such as couponing or
managing a budget, you can contact schools in your area and make a pitch to
teach a class for adults. Think outside the box: there are courses out there on
how to make the perfect cheese omelet, how to plan a cruise and learning to
swing dance. These are typically done at night, which makes this hustle a
win-win.

4. Create and sell your own online course

Use your notes from your night class to launch your own course online. You
can teach anything from house training a dog to how to change the oil in a
car, to how to make those perfect frosting flowers when decorating a cake.

If you are interested in creating an online course, check out this free training by one of the blog authors! Click here to get started.

5. Design logos for small businesses

If you have a flair for design, contact local or even regional small businesses
with suggestions it’s time to revamp their company logo. Create a portfolio of unique insignias with unusual fonts and bold colors and send samples to your potential client list. Your first step can be making a logo for your own design biz!

If you want to take this a step further, post your graphic design gig on Fiverr and create logos for people all over the world!

6. Complete data entry for clients

This could be the ideal work-from-home side job for you, since it only
involves your time, and your computer. You can set your own hours – if
you’re a morning person, dig in before your day job. Conversely, if you’re a
night person, brew the coffee after dinner and work as long as you like. Try
googling “data entry jobs” to launch this side hustle.

7. Rent out your garage space

This is a great incentive to sort out the junk that’s accumulated in your
garage, which some people think of as a spare room. Downsize your
belongings, clear out the garage and offer it for a monthly rental fee. Many
people seek space for their vehicles, particularly in the winter months. You
may even get a bidding war going on this one!

8. Rent out your spare rooms

While we’re on the topic of renting space, why not offer that spare bedroom
you’re not using to a tenant? Today’s leases cover just about everything,
from the landlord’s rights to damage to property. Plus, you’ll be on site to
keep an eye on things. Google sample leases online to find one that offers
you the right amount of protection, and don’t forget to ask for references
from all potential tenants. Set a short-term lease, such as month to month, if
you’re uncertain about making a 12-month commitment.

9. Deliver food for people

Lots of hungry people would happily pay for delivery of their fave fast food
right to their doorstep. Hand out flyers or better still, business cards touting
your service, and be prepared to work late hours and weekends. Along with
a standard rate, you can expect to receive tips for exceptionally good service.
Invest in a well-insulated carrying package to keep the burgers and tacos
warm on the way.

10. Be a designated or private driver

While we’re talking about earning cash with your vehicle, how about
advertising your services As a Designated Driver? Lots of (smart) people are
looking to party safely and would be happy to enlist your freelance services.
This is also work you can do evenings and weekends.

You could also offer your services as a private driver. Some people are looking for something a little more personal than an Uber driver. A suit and tie can go a long way!

11. Design websites for clients

Many people lack the time, knowledge and imagination to launch a website,
but if you’ve got the time and savvy, put it to good use and make a pretty
penny! Do a quick search of businesses in a particular category, such as pet salons or auto repair shops, and check out their websites. Contact them with suggestions for improvements and make your pitch.

12. Watch apartments and houses for friends

These days, many people prefer not to leave an empty house or apartment
when they’re travelling. Get together a list of solid references so people
know you’re trustworthy, then get the buzz going about your service on
social media. Eventually, business will grow through word-of-mouth. You
can charge more if the gig includes taking care of a pet!

13. Pet sitting

Believe it or not, there are people who want socialization so their dog
doesn’t feel isolated while they go to work. This is the ultimate win-win,
because you’ll get paid to play fetch or toss around dog toys for your
customer’s pooch. Offer extra services such as combing snarly hair or taking
the dog out for a walk, and your pay will rise exponentially.

14. Flip cars on Craigslist

One of the best ways to make some extra side money is flipping cars. If you know what you are looking for, you can find great deals on used cars online. This is usually a result of a seller needing to get rid of a car that day for some reason. While you should be mechanically inclined, this can be a great way to make some extra side income!

Check out this video here. These guys flipped a 2007 Toyota Camry for a hefty profit of $1,000! You can too.

15. Rent out your car

This is a great choice if you live someplace where you can walk to work or
to the downtown and can get by without your vehicle for a weekend or a
couple days during the week. One caveat: check with your insurance carrier
to see what coverage you need, but once you have your premiums paid,
you’re good to go.

16. Offer a writing service

This involves both writing and some design skills, but practice up and
produce some great samples and you’ll see clients coming in by the droves.
Your samples don’t have to be for actual people; you can dream up
backgrounds and career goals and prepare something that stands out from
the crowd.

17. Catering

If you love to cook and are able to present food in an attractive way, this is
the hustle for you. People will pay good money for home cooked and baked
items as small as a birthday cake and as large as a full course meal for 20 or
a picnic for the entire corporation. Develop a menu of items you feel
comfortable whipping up (bonus points for dusting off that old recipe for
Swedish meatballs from your Granny, or the apple crisp that’s been in the
family forever), and post it on social media. Ask satisfied clients for positive feedback and post testimonials singing your praises. Now, get in the kitchen
and start making your magic!

18. Tutoring

From high school geometry and social studies to college essays and
coursework, people will pay good money for private tutoring. Offer
reasonable rates and tutor in your areas of expertise, and you’ll soon have
repeat customers. Bonus points if you relieve parents of the challenge of
learning new math to help with their child’s homework.

19. Teach basic computer skills

Many folks in the older generation haven’t learned how to even turn on a
laptop or use their phone for anything more than making calls. Offer private
or small group lessons and patiently go from A to B with easy to follow
steps. Keep in mind your students may be starting with zero knowledge, and
be patient. Gauge the progress of your group or student to judge how many
sessions will be needed to bring them up to speed.

20. Teach music lessons

If you’ve been strumming away for years and feel comfortable teaching the
basics, advertise your services for lessons. People who’ve wanted to play
this popular instrument will pay for private lessons to bring out their inner
musician.

21. Small repair work

Handy with a hammer and nails? There are tons of people out there looking
for help with small household repairs. Remember, no job is too small for you
to help (and charge for). You’ll likely be working evenings and weekends,
but the extra cash will go straight into that vacation fund or whatever you’re
saving for.

22. Personal training and nutrition consulting

If you’re a gym rat and have an outgoing personality, offer your services as a
personal trainer to motivate couch potatoes to put together a cardio and
weights workout they can do at the local Y or in their home with a small
investment of weights. Once they start seeing results, they will recommend
you to their friends.

23. Offer cooking lessons

People love cooking lessons because they get to sample the finished product
and take home the leftovers. These can be anything from orange chicken to
fudge cake. Most schools and churches have kitchens that can accommodate
groups, so find a location and get cooking!

24. House cleaning

In today’s rushed lifestyle, many people simply do not have the time to scrub
the tub, dust and wash the kitchen floor. Grab a friend and some basic cleaning
products (some customers will have their own to use) and market your services
on social media. You can offer extra services like doing a load of laundry or
running the dishwasher that will earn a great hourly wage and even tips.

25. Snow removal

You will have a full list of customers if you’re willing to rise early after a
snowfall and clear snow from driveways and sidewalks. Offer to break up
ice on the front steps and put down rock salt as well.

26. Window washing

This household chore is dreaded by most home owners, even though it only
requires some Windex and a squeegee. Today’s windows pop right out for
easy cleaning! You can charge by the hour, or by the window, and the
sparkling results will mean repeat business for you.

27. Clean pools

Once you learn this task, you’ll be swimming in customers. Skimming off
leaves and vacuuming the pool is a chore many people who can afford a
pool don’t have time for.

28. Mobile oil changes

Make a mobile business out of changing oil on driveways and you will have
customers that call every time they need a change. Try charging 5% less
than some pricey motor oil places charge, and still see a hearty profit.

29. Painting service

Grab a few friends and some brushes and tape and launch a business
painting walls and exterior pieces like gates and shutters and mailbox stands.
Most people like the stage of picking out colors from swatches at home
improvement stores, but procrastinate badly about doing the actual painting.
You’d be surprised how hard it is to find a painting crew. Snap pics of your
finished work and ask customers to serve as references to bring this business
to the next level.

30. Home staging

Learn a little about aesthetics and offer your services to people trying to sell
their house. Arrange furniture and artwork to make the house look cozy and
inviting. Don’t forget to put some cinnamon sticks simmering on the stove
for a scent that makes potential buyers feel like the house could be their
home!

31. Mobile car wash

Have you seen the price of commercial car washes these days? They’re very
high, and there are often delays as people sit in line on sunny days. Grab
some buckets and soap and use their hose to wash their Hondas on the
driveway. Do little extras like hand drying to a brilliant shine and even
offering waxing services and you will drive away with a ton of extra cash.

Got an idea for a side hustle that we missed? Comment below!

Happy Hustling!

Affilate Marketing For Beginners: How To START In 2019! (With ODi Productions)

Investing Simple is affiliated with Affiliate Marketing Champ by Odi Productions.

Recently, I had the pleasure of spending some time in beautiful San Diego California where I met up with a number of different YouTubers and online entrepreneurs. While I was there, I spent a lot of time talking with Odi aka “ODi Productions” on YouTube.

Odi is an affiliate marketer, and he has been doing this for around 6 years. One of the most interesting things I noticed about Odi while I was on this trip was how little he actually did. Now I am not saying that he is lazy, but he has a business model that most people would call perfect. Odi is able to work when he wants to, and on the days he does not work the money continues to flow in.

While the other entrepreneurs I was meeting with scrambled to put out fires, Odi just watched us while eating a pack of Gushers. On that day alone, Odi made $1,397 in passive income. 

A few of us convinced Odi to start a series on YouTube where he shows people exactly what he is doing in a given day and how much money he is making. It is honestly hard to believe that you can make $1,000 a day doing next to nothing. Odi started this series, dubbed “Real Passive Income” the following day.

Here is Episode 1 of Real Passive Income…

Before we go any further, let’s go ahead and cover the very basics for those who are completely new to all of this.

“Passive Income” – Income from a source where the earner is not actively involved.

I’m actually not a huge fan of this definition. It makes it seem like the earner was never involved with this source of income. It also gives people the unrealistic expectation that income is earned from doing absolutely nothing. Yes, Odi did nothing on a given day and made over $1,000. But what is important is what Odi spent the last 6 years doing.

My favorite definition of passive income is that it is income from your past efforts. Odi earned that money on that particular day from the hard work he had done in previous years. It is unrealistic to expect to be paid money having done absolutely nothing in the first place. Passive income requires a lot of upfront effort.

“Affiliate Marketing” – Commission is paid to affiliates for bringing in business.

As an affiliate, you are working with other people and businesses. You are bringing them valuable traffic and customers and in return they pay you a commission on the sale. While the interest in affiliate marketing has grown significantly in recent years, it is actually a relatively old business model.

Have you ever made a recommendation to someone and they followed up with it and made a purchase or became a client of a medical professional? You were actually an affiliate marketer. Hopefully you got paid!

That is essentially what an affiliate marketer does. They make recommendations. The internet has made affiliate marketing a lot easier, because now instead of worrying about discount codes or name dropping we have tracking links. A tracking link has a tracking cookie which keeps track of the traffic to a site and retains it.

This might seem complicated, but don’t worry it will all make sense shortly!

Each tracking cookie has a cookie duration. This tells you how long the affiliate action is valid for. For some affiliate programs, this is 24 hours. For others, this could be 365 days or a lifetime.

Take the Amazon Associates affiliate program for example. The cookie duration for this affiliate program is 24 hours. If someone visits Amazon from your site and makes a purchase within 24 hours, you get credit even if they left the site in the meantime.

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Amazon Associates Dashboard

In a nutshell, that is exactly what people like Odi are doing. They are getting paid for recommendations. The difference between Odi and most people doing this is that Odi is REALLY good at it.

While I was with Odi, we sat down and recorded three videos together to teach others some of the basics of affiliate marketing. I am going to include those videos in this article as well as a summary of what was discussed below each video. At the end of the video, Odi mentions a free course that he offers on affiliate marketing. I will include a link to his free course at the bottom of each video.

VIDEO 1: How To Earn PASSIVE INCOME With Affiliate Marketing In 2019

Odi’s FREE Affiliate Marketing Course For Beginners! (Start Here)

Odi was born and raised in San Diego. He is currently 25 years old. When he was 19 years old, he was starting college and like many people he was looking at different ways of making money online.

Odi attributes a lot of his success to a book called The Millionaire Fastlane by Mj DeMarco. This changed Odi’s mindset and made him realize that working for every dollar that you earn was a losing strategy. As soon as he learned that trading his time for money was a losing game, he started looking for ways to make passive income.

“Active Income” – Income earned by performing a service.

Most people are only earning active income. Typically, this is the income from your job. It can also be the income from your business if you are simply a technician working in the business (reference to The E Myth).

Here are the main problems with earning active income…

  1. You only earn money while you are active. If this is a 9 to 5 job, you earn money for 8 hours and for the other 16 hours you earn nothing.
  2. Most people who earn active income earn it from one source. If that source goes away (aka you lose your job) you stop earning income.
  3. Most people want to stop working eventually. When you do that, you will stop earning income if you never build passive income streams.
  4. Active income typically ties you down to one location and requires you to work when it is convenient for your boss, not you.
  5. Only one source of active income can be earned at a time. You can’t be in two different places at once!

Personally, I learned similar lessons from the book Rich Dad, Poor Dad by Robert Kiyosaki. (And yes, these are affiliate links! Once you get started with affiliate marketing, you will learn that every penny counts.)

Odi learned this lesson about earning active income at 19 and I learned this lesson at 20. Odi and I are very grateful that we were exposed to this important lesson early on in life. Most people never learn about the downside of actively working for every dollar they earn, aka earning active income.

Once Odi learned about this, he started looking to create automated systems that would run on their own once they were set up. Online businesses allow you to create systems that work without you working actively on them. For example, if you create a digital product like an ebook, you only have to make it once. After that, it can generate income for years to follow.

Once Odi got this idea in his head, he became obsessed with earning passive income and decided to learn more about affiliate marketing. At that point, he stumbled upon someone named Pat Flynn. Pat has a blog called Smart Passive Income where he talks about everything related to passive income, including affiliate marketing.

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Pat Flynn, Smart Passive Income

What you will find when educating yourself about passive income is that the methods for earning passive income differ in terms of the work involved. Some business models are more passive than others. The most passive method for earning income is dividends. You simply invest your money into a collection of stocks that pay dividends and the money comes in on a regular basis.

There is one HUGE problem with earning passive income from dividends and that is the fact that it takes money to make money. As a young person especially, you do not have a lot of money sitting around. What you do have, in most cases, is time. Affiliate marketing is very time consuming at first, but once you get the ball rolling it can be extremely passive.

In my opinion, affiliate marketing is the second most passive form of earning income next to earning income from dividend stocks.

When Odi was first exploring the idea of having an online business, he looked at ecommerce as well. The main problem he saw with ecommerce was that he was limited to restrictions working with physical products. For example, if you are selling products on Amazon and you run out of inventory, you are stuck waiting for another shipment from overseas.

With digital products, there is no inventory and there are no restrictions. Odi learned about how Pat Flynn was earning money as an affiliate for web hosting services and email marketing software. In a nutshell, Pat Flynn was getting paid A LOT for posting links.

Most of the biggest companies in the world today use affiliate marketing. One of the largest and most well known affiliate programs is Amazon Associates. Beyond that, most other companies have programs as well.

Search “COMPANY affiliate program” in Google to see for yourself!

Odi loves the business model of affiliate marketing because it is a win-win-win. As an affiliate, you get to promote real products and services that you love and use everyday. For example, if you are a fan of Bose headphones or speakers you can join their affiliate program and earn commission on sales of these products you love.

Bose wins because they are selling more products.

You win as the affiliate because you earned a commission.

The buyer wins because they get to enjoy a great product.

One of the problems Odi has with other businesses out there is that you are selling cheap products. For example, with dropshipping you are selling products from China. If you are doing it right, you are buying the products, taking your own photos and warehousing them here in the United States. Unfortunately, a lot of people are simply dropshipping out of China which makes for a very poor customer experience. The shipping time is often weeks, not days and the quality control is non existent. As the dropshipper, you have no idea what the product is like if you have never put your hands on it.

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This iPhone case from AliExpress has a 20 to 39 day shipping time!

MYTH: “Affiliate marketing is too saturated.”

Affiliate marketing can never truly be saturated, meaning it can never be too late to get started. At the end of the day, it is just a form of marketing that can be applied to any niche out there. Even if you are working in one niche, you can pivot into something else entirely if it is not working for you anymore. Once you learn the skills involved with affiliate marketing, the possibilities are endless.

Affiliate marketing is a very easy business model to get started with. You can start for free or even with as little as $100. Once you learn the marketing skills required to be successful with affiliate marketing, you can apply these elsewhere!

Because affiliate marketing is so passive, you can move on to other businesses as well in your spare time. For some people, this is a great option. Odi spends his spare time working on other businesses as well as making beats. For others, you are looking to free up your time so you can spend it elsewhere. Affiliate marketing is not the end all be all business model. For most people, it is just the beginning.

Odi’s first trial at affiliate marketing was a site called Recording Now that is still earning him income to this day. On this site, Odi reviewed headphones as well as other audio recording equipment. Odi earned money from this site by referring sales of these products to Amazon. By giving honest reviews of these headphones, he has helped people make a better informed decision about their purchase and earned a commission in the process.

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Odi’s first site recordingnow.com

Headphones are one of the higher commission products in the Amazon Associates program. Each product category has a different commission rate. Certain categories, like headphones, pay higher commissions. Amazon Associates is a good affiliate program for beginners because you can promote almost any product on Amazon, but the affiliate commission is actually lower than what most others pay.

There are a number of pros of working with the Amazon Associates program…

  1. Chances are, most people are already a customer of Amazon.
  2. The buyer likely has a lot of trust for the Amazon platform.
  3. The buyer likely has stored payment information and can purchase with the click of a button.

If you refer sales to a site people are not familiar with, the trust will be significantly lower and the customer will likely have to manually fill out the payment information. These factors will lower your conversion rate.

If you are looking to make explosive income with affiliate marketing, you will have to find affiliate programs outside of Amazon Associates and establish affiliate relationships directly with companies. Even if a company does not have an affiliate program, you should reach out to them to see if they would offer you a personal one.

At the end of the day, as an honest affiliate marketer you need to be most concerned with the consumer getting the right product. On his site, Odi did not simply give the most expensive headphones the best review. While this would likely result in higher commissions, it would be dishonest and he would lose the trust of his customers.

Odi has a natural interest in music, as he produces his own beats on the side as a hobby. This is a passion of his.

Odi did not simply pick the headphone niche because it was profitable. He picked this niche because he had a natural interest in the product. If you do not have a natural interest in your niche, you will burn out. Building up an affiliate blog takes a lot of work, and you need to stay interested and engaged through the process. Odi believes in starting with passion.

“The reason why you are looking to make money is to live a certain lifestyle. If you are doing something that you do not enjoy each day, that is not a good lifestyle choice. This will more than likely result in a burn out.” – Odi

This headphone blog was what got Odi started with and hooked on affiliate marketing. It is not what made him the most money, but it got the gears turning for him. Odi was able to scale this blog up to a full time income which allowed him to drop out of UCLA to spend his time building other passive income streams through affiliate marketing.

The fatal mistake people make when getting started with affiliate marketing is overestimating what is possible in the short term and underestimating what is possible in the long term. Odi did not make any money from his blog for the first year, but he loved what he was doing so he kept at it. You cannot expect to get rich quick with affiliate marketing.

VIDEO 2: How Odi Productions Makes $1,000+ A DAY With Affiliate Marketing [EARNINGS PROOF]

Odi’s FREE Affiliate Marketing Course For Beginners! (Start Here)

There are a lot of people out there claiming to be making $100 or $1,000 a day doing something, but very few are willing to let you take a look at the numbers. On top of that, a lot of people are just showing you revenue and not the actual profit of the business. Three of the most popular online businesses right now are affiliate marketing, dropshipping and Amazon FBA.

In Real Passive Income, Odi mentions that he has a 90% profit margin on the numbers you are seeing here. Odi spends a very limited amount of money on ad spend. Other than that, it is pure profit. Odi spends about $80 to $100 a day on ads.

Here is a comparison of the margins of these three businesses…

Affiliate Marketing = 90% or more ($0.90+ out of every $1 is profit)

Amazon FBA = 40% ($0.40 out of every $1 is profit)

Dropshipping = 25% ($0.25 out of every $1 is profit)

Affiliate marketing is one of the highest profit margin online businesses. Understand that when you see people showing revenue numbers for Amazon FBA and dropshipping that they are only earning a small portion as profit.

Here is a comparison of $10,000 earned across each business…

Affiliate Marketing = $9,000 profit or more ($1,000 expenses)

Amazon FBA = $4,000 profit ($6,000 expenses)

Dropshipping = $2,500 profit ($7,500 expenses)

Odi typically does not share much about his earnings with affiliate marketing, because at the end of the day it isn’t anyones business. Odi agreed to share some earnings figures with us to be as honest and transparent as possible.

Odi has been earning over $1,000 a day in profit from affiliate marketing for close to 3 years now. In total, he has been involved with affiliate marketing for a total of 6 years as he started while he was in college. Odi has had consistent success with affiliate marketing and this has not been a flash in the pan success online. It is rare to see this level of consistency with any online business.

12:33am Affiliate Commission #1: $150

Odi received an email regarding this affiliate commission in the middle of the night. He was literally making money while he was asleep. Most affiliate marketing programs send you emails each time you earn a commission.

2:26am Affiliate Commission #2: $750

Odi received his second affiliate commission of the day again before he got out of bed. In the middle of the night, he made $900 while he was asleep.

Yesterday 11:53am Affiliate Commission: $14,000 (Not counted towards total)

The most impressive commission shown was a payment from the past two weeks in the amount of $14,000. Odi earns $1,000 a day from this one affiliate income source alone. Odi mentioned to me that you really only need one good affiliate income source, but the more you have the better diversified you are.

(No time specified) Affiliate Commission #3: $497

This particular affiliate program does not specify when a commission is received. This is the ClickFunnels affiliate dashboard and Odi earned this commission by referring a sale to a digital product.

In total, Odi earned $1,397 for the day in passive income. This does not represent the total earnings for Odi. This is only the portion that is passive. Odi also earns income selling his own online course Affiliate Marketing Champ as well as from his other business ventures.

It is really hard to believe how passive affiliate marketing can be until you see it firsthand. Odi spent the day with me cruising around in his dream car, a twin turbo Lamborghini (video included below). We met up at a fellow entrepreneurs house, recorded a few videos and then had lunch. After that, Odi dropped me off and the day was complete. Odi did not put any effort towards these three income sources but they continued to churn out money.

Here is Odi’s car…

Each of these three sources of income shown in this video are typically over the $10,000 mark each month. Odi mentions that he is earning closer to $2,000 a day from these products on an average day. In terms of expenses, Odi is spending about $20 to $30 a day on each in ad spend.

Odi typically sees a 96% profit margin with his business. This is primarily due to the fact that as an affiliate you are not touching any products. The reason why the margins are lower for dropshipping and Amazon FBA is because you have to fulfill orders and in some cases touch the actual products. It is very uncommon to find a dropshipper with a 90% profit margin or more.

With affiliate marketing, your operating costs do not increase based on the volume of sales. Let’s say you have an affiliate blog and these are your expenses for the business.

Web Hosting = $10 a month

Domain Name = $1 a month

Ad Spend = $600 a month

Your total expenses or operating costs are $611 a month. Let’s say your blog reviews peer to peer lending sites, and each referral earns you a $50 commission.

January = 120 referrals, $6,000 revenue – $611 expenses

PROFIT = $5,389 (90% profit margin)

February = 133 referrals, $6,650 revenue – $611 expenses

PROFIT = $6,039 (91% profit margin)

March = 129 referrals, $6,450 revenue – $611 expenses

PROFIT = $5,839 (91% profit margin)

Assuming the ad spend stays the same, the operating expenses of an affiliate marketing business are constant. It does not matter how many referrals you earn commission on, it does not change your expenses. There are very few businesses out there that operate in this way. If you have more sales with a dropshipping or Amazon FBA business, you are buying more inventory and your expenses grow with sales.

Affiliate marketing is one of the most lean business models out there…

  • You don’t touch any inventory.
  • You don’t ship or warehouse anything.
  • You don’t have employees unless you want them.
  • You don’t handle any customer service questions.
  • Your operating expenses are constant and do not grow with sales.

As mentioned earlier, Odi has been extremely consistent with his online business. This has not been a flash in the pan success for him. Odi has been earning $1,000 a day in profit or more for close to 3 years.

THE TRUTH: How To Be Successful With Affiliate Marketing

Odi has been extremely successful with affiliate marketing by establishing brands around his affiliate platforms. By doing so, he is able to become a credible and authoritative source for valuable information. This type of reputation comes slowly over time. By establishing a brand and building trust and authority, you have staying power in the market you are serving. This is a major reason why Odi has had continued success with affiliate marketing. If you do not establish brands with your sites or platforms, your audience will not be loyal to them.

The number one lesson Odi teaches to his students is to give value at the core of everything you do. The goal is not to make money. The goal is to add a tremendous amount of value and bring the customer through your purchasing experience.

Odi was a customer of all of these headphones before he began writing articles about them on his blog. He understood what the customer journey was like and was able to offer the audience tremendous value. In doing so, he established trust and rapport with the audience. This is absolutely essential if you are looking to have long term success with affiliate marketing.

Add value first. Money is the after thought.

Odi went from making $0 a day to $1,000 a day with affiliate marketing over the course of 3 years. While this does not seem like a long time, it is important to realize that Odi spent a long time earning next to nothing for his efforts. This again is why Odi tells his students to start with passion.

From age 19 to 20, Odi did not earn a single cent from his online business efforts. He was going through a trial and error process trying to find a business model he wanted to run with. Odi had a lot of failed attempts in this stage, but he learned something from each mistake.

In year 2, Odi began to earn money but it was nothing to brag about. At that point in time, he was making around $20 to $30 a month. This was exciting however because this was a proof of concept that his business actually worked. All he had to do was scale it.

“The first sale is always the hardest. Once you can see that it is possible, sparks fly and your imagination starts running wild.” – Odi

These are the kinds of results you can see when you dedicate years of your life to something, not just days. Odi’s success with affiliate marketing is not typical, as most people give up early on. You need to see the long term vision.

VIDEO 3: How To Get Started With Affiliate Marketing With $100 OR LESS!

Odi’s FREE Affiliate Marketing Course For Beginners! (Start Here)

Affiliate marketing is a rare business because it does not require a lot of upfront capital. If you are spending a ton of money on your affiliate marketing business, you are probably doing something wrong. What it takes instead is an investment of your time. In this final video, Odi shares two methods on how you can get started with affiliate marketing

Method #1: How To Start For FREE

When Odi got started with affiliate marketing, he followed this method and started for free. If he were to start over today, he would recommend creating a platform and that platform would be YouTube. This is one of the best platforms for affiliate marketing due to the long term content. It builds trust and rapport with your audience faster than anything else out there. What you are aiming to do with this channel is to become the authority in a certain niche.

Odi’s first affiliate marketing business was Recording Now. On this site, he created content and reviews around headphones and other studio gear. By sharing reviews and comparing different products, Odi established authority in this niche.

Odi earned affiliate commission from the Amazon Associates program from this blog. Amazon Associates is one of the easiest affiliate programs to get started with and it is completely free to join. Most affiliate programs are free to join.

By having the platform and the affiliate program, Odi was able to include purchase links for the products he was reviewing on his site. Each time someone made a purchase through his link on Amazon, he would earn a commission on that product. In his video reviews, he was including the link in the description below.

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Odi’s video review, best studio microphones under $100

It is important to include a call to action to the audience as many of them are interested in supporting you as the creator. The viewer does not pay any more for the product by purchasing through your link. It is an easy way for them to give back to you as the content creator for taking the time to create the valuable content.

From a legality standpoint, you need to include a disclaimer somewhere that mentions you are earning affiliate commission. At the end of the day, transparency is the best strategy. Be honest with people about your use of affiliate links. By being transparent, it will actually help you because you become more trustworthy.

One of the coolest parts about earning commission through the Amazon Associates program is the fact that you can earn commission on products they purchase above and beyond what you referred them to.

For example, I have Amazon affiliate links on my YouTube channel. I recommend a lot of books and I include links to these books. Most of the time, the commission I am earning is not from these books. It is from the purchase of other items!

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Amazon Affiliate Sales

As you can see, I made a commission of…

  • $1.60 selling a car diagnostic tool
  • $1.40 selling a watch band strap
  • $1.22 selling a beard trimmer

I have never talked about vehicle diagnostics, watches or male grooming on my channel. Once, I sold a $1,500 vacuum cleaner through my Amazon affiliate link. That earned me a commission of over $100.

Method #2: How To Start With $100

If you have $100 to invest in your affiliate marketing business, your best bet is to create your own website. These days, you do not need to do any coding or sophisticated web design because there are so many services out there that help you do this.

Odi recommends creating a self hosted WordPress website. (Like Investing Simple!)

A self hosted WordPress website means that you are hosting the website on a paid server. There are a number of different web hosts to choose from.

The main reason for doing this is because you do not want your viewers to see that you have a free website when you are trying to build a brand. This is a major turn off and it will severely impact your credibility. By paying for your own self hosted website, you have a much more professional appearance on the internet.

You want to purchase a custom domain as well. Once you have a standalone website, you want to make sure your branding is consistent across all of your different platforms. By establishing a brand, you are building credibility and authority in your niche.

Web hosting is very inexpensive. It should cost you around $50 a month and a lot of web hosts offer a free domain upon sign up. For a $100 investment, you can run a professional self hosted blog for 2 years. This is exactly how Odi started his first affiliate website.

After you have your site, it is up to you to create the content for your site. If you followed Odi’s advice and started with passion, it should be easy for you to create content because you are naturally interested in your niche. Remember, the number one rule with affiliate marketing is to add value first! Money is an afterthought or a byproduct of your efforts.

There are creative ways to get around the hurdles of creating original content and purchasing expensive equipment to review. If you have a well established blog that reviews products, people will likely be sending them to you for free left and right in hopes that you will review their product.

If you are trying to get a business off the ground with $100, you need to be as creative as possible and bootstrap.

Closing Thoughts…

I want to thank those of you who stayed to the very end of this article. For the 1% that decide to take action, I encourage you to follow up with me or Odi and share your experience with us. Remember, everyone starts at nothing and those who take action will get ahead. You might not slam it out of the park with your first attempt, but you will learn something from everything you do. Odi mentioned earlier that he had a number of failed businesses online before he had a successful one and he spent his first year spinning his tires and earning nothing at all.

If you are looking to learn more about Odi and affiliate marketing, I would recommend taking his free course and checking out his YouTube channel. I will provide links to both of these below!

Odi’s YouTube Channel

Odi’s FREE Affiliate Marketing Course

 

 

 

Changes To The 2018 Tax Law: Here’s What You Need To Know!

At Investing Simple, we are not tax professionals. We recommend contacting a tax professional for more information on anything discussed in this article.

Last year congress passed the Tax Cuts and Jobs Act (2017) which made significant changes to the tax code. As of the time we are writing this article these changes are in effect from 2018 to 2025. Many of these changes will impact taxpayers across all income levels and households. Knowing the specific changes to the law and how it may affect you could help save you money when you file your taxes.

Key Changes

  1. Tax bracket income limits and rates have been adjusted
  2. The standard deduction has significantly increased, but personal and dependent exemptions have been eliminated
  3. Less people will itemize their deductions on Schedule A due to the increase in the standard deduction

Tax Brackets

There are still 7 tax brackets, but the rates have been reduced to the following:

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What Has Changed?

1. Increased Standard Deduction: The new tax law has increased the standard deduction for all filers. The standard deduction is simply the portion of your income that is not subject to taxation. Rather than having everyone itemize deductions, the standard deduction is in place to simplify the process. This increase in the standard deduction means that less people will be itemizing deductions.

2. Personal and Dependent Exemptions Eliminated: In prior tax years taxpayers could deduct up to $4,050 for yourself and each dependent living in your household. The new tax law has eliminated all personal and dependent exemptions for 2018.

3. Child Tax Credit Increased: In prior years taxpayers could receive a tax credit up to $1,000 for each dependent child in their household. This deduction has been increased to $2,000 per qualifying child. The income level phase out has been increased as well, allowing more people to take advantage of this.

4. Investment Advisory Fee Deduction Eliminated: Prior to the new tax law being passed, investors could deduct fees paid to investment advisors as an itemized deduction that must exceed 2% of their income. This deduction was for fees paid for investment management of non retirement accounts. This deduction has been eliminated.

5. Unreimbursed Employee Expenses Deduction Eliminated: Prior to 2018 employees could deduct unreimbursed expenses related to their job on Schedule A if it exceeded 2% of their adjusted gross income (AGI). This included travel expenses, meals and entertainment expenses. As of 2018, this deduction has been eliminated.

Here are some additional changes made to specific deductions for 2018…

Deduction20172018 To 2025
Standard DeductionsSingle $6,350

Married Filing Joint $12,700

Elderly or blind (single, not a surviving spouse) Additional $1,550

Elderly (both over age 65 and MFJ) Additional $2,500
Single $12,000

Married Filing Joint $24,000

Elderly or blind (single, not a surviving spouse) Additional $1,600

Elderly (both over age 65 and MFJ) Additional $2,600
Personal/Dependent Exemptions$4,050 per family member including yourselfELIMINATED
Child Tax CreditUp to $1,000 per qualifying child (MAGI limit $110,000 MFJ/ $75,000 Single)Up to $2,000 per qualifying child (MAGI limit $400,000 MFJ/ $200,000 single)
Dependent CreditN/A$500 credit per qualifying dependent
Health Insurance MandateEvery American Tax payer must have health insurance coverageApplies for 2018

ELIMINATED 2019 To 2025

No longer a penalty for not being covered by health insurance
AlimonyTax deductible by the payer

Taxable to the recipient
No longer tax deductible for payer

No longer taxable income for recipient

(Applies to divorces after December 31, 2018)
Moving ExpensesDeductible if you move less than 50 miles for a new jobELIMINATED
Miscellaneous Itemized Expenses*Previously deductible in excess of 2% AGIELIMINATED
Mortgage InterestLimited to loans on primary or secondary homes

Applies to interest on $1,000,000 of debt
No change for existing mortgages

Limited to interest on $750,000 for new mortgages

Applies to Primary or secondary homes
State/Local Tax DeductionAll state and local taxes deductibleState and local taxes capped at $10,000
Casualty/Theft LossDeductible if greater than 10% of AGIELIMINATED

Except for federally declared disaster areas
Charitable DonationsLimited to 50% of AGILimited to 60% of AGI
Net Operating LossesEligible to carryback net operating losses to 2 tax years priorELIMINATED
529 PlansSavings from 529 plans can only be used to fund qualified higher education expensesSavings from 529 plans can now be used to fund private K-12 schooling

Limited to $10,000 per year in qualified expenses

*Miscellaneous Itemized Expenses includes tax prep fees, work expenses that were not reimbursed (travel, meals, entertainment, parking), job search expenses and investment advisory fee expenses

Qualified Business Income Deduction/Section 199A Deduction

As of 2018, there is now a qualified business income deduction offered to business entities that are not C Corporations. This deduction applies to S Corps, LLCs, Partnerships, as well as sole proprietors on Schedule C. This deduction is specified for non trade or service type businesses. This means that it is supposed to benefit businesses that sell products rather than services. To understand more about this deduction and how it may impact your business read this article here.

Corporate Tax Rate

The Tax Cuts and Jobs Act (2017) also made significant changes to corporate tax laws as well. The act cut the federal corporate tax rate down from 35% to 21% for C Corporations.

The new law has put the US Corporate Tax Rate in line with other OECD (Organization for Economic Cooperation and Development) member nations. The statutory tax rate, considering State corporate tax rates as well, shows how the US compares to other OECD nations.

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Tax Foundation

Up until this change, the United States had the highest Corporate Income Tax Rate in the industrialized world. This created an incentive for companies to move overseas to lessen the tax burden. Now, at 21% it is far more reasonable and in line with other OCED member nations. This should attract more businesses back to the United States.

The Bottom Line

Investing Simple is affiliated with TurboTax.

To understand how the changes to the tax law may have an impact on your situation you should first look at your tax return from the previous year. One of the biggest changes is the doubling of the standard deduction, meaning less people will itemize their deductions on Schedule A. To see if you will itemize in 2018, see what your total itemized deductions were for the previous year. If they are under $24,000 (married filing joint) or $12,000 (single) then you will not itemize in 2018.

If your itemized deductions come close to the standard deduction limits then you may want to further research the specific changes to each deduction. This will ensure you are eligible to take all the specific deductions you are entitled to.

If you do not itemize your deductions then you will still want to see how changes to each deduction and the tax rates themselves will impact your situation. The new tax law has resulted in lower marginal tax brackets for many tax payers, however certain income levels will see an increase in their marginal rate. As always, you may want to consult a tax advisor for specific questions or concerns about your personal tax situation.

If you are looking to prep and file your own taxes, TurboTax has an excellent platform for this.

12 High Paying Jobs That Don’t Require A College Degree!

You aren’t interested in college, but you are looking for a high paying job that does not require a college degree. The reasons for coming to this decision can be different. Maybe you just aren’t interested in going into debt or you honestly have no idea what you want to do with your life! Personally, I am indifferent about a college education. If you end up using your degree, it can be one of the most valuable investments you ever make. Unfortunately, these days a lot of young people are getting a college degree to impress other people. It is often an expectation to go to college and your family might imply that they will be disappointed if you do not attend.

So, if you are on the fence about going to college this is what I would recommend. If you have the means to go and you have a general idea about what interests you, go for it. If you are simply going to college to party with your friends, you are better off just going to bars even though both are a waste of money! If you are going to college to impress your friends or meet up to the expectations of your family members, you are doing it for the wrong reason!

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JOHN AUCHTER / MICHIGAN RADIO

Remember, the decision to take a break between high school and college does not mean that you will never attend in the future. Most people graduate high school at the age of 18 and they are expected to make a decision that will impact the next 50 years of their life. This is just not realistic! Some people know exactly what they want to do in life from a young age, while it may take other people a lot longer.

Personally, I was clueless about what I wanted to do with my life after high school. I ended up deciding to go to community college to get an associates degree in electrical construction. This was more of a trade certification than a degree, but the job market for this skill was very strong. I was hired a month before graduating to my local power utility at an hourly rate of $27.20 an hour as a 20 year old. If you have the means to invest in some form of college or education, skilled trades are the way to go. You will work hard, but you will be compensated well.

After working for the power utility for a little over two years, I decided I wanted to do something else. I was far more interested in teaching others and learning about personal finance than I was drawing blueprints for power line construction. I ended up quitting that job, earning $31.62 an hour at the time.

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Was my college education a waste? Yeah. I spent two years in school only to come out and work for just over two years. Had I taken time to learn about myself and my interests, I likely would have gotten involved with finance, business or education. Nonetheless, it was an important step in the process of my own self discovery.

Anyways, on to the topic of this article. Assuming you have absolutely no interest in pursuing a college education and you don’t want to flip burgers at a fast food restaurant, what options do you have?

1. Postal Service Mail Carrier (Salary: $51,390)

If you are interested in pursing a career in the postal office, law enforcement, air traffic control and other government jobs you will have to take the civil service exam. Most of these public sector jobs do not require any formal education, but applicants with an education will likely take priority. The average salary of a mail carrier was $51,390 in 2011, meaning this has likely increased over the recent years! One perk to working as a mail carrier is that you will stay in excellent shape, as you will likely be walking miles each day!

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Wikimedia Commons

2. Correctional Officer (Salary: $43,555)

While this is not a glamorous job, it is an essential part of our civilized lives. A correctional officer is responsible for the safety, supervision and security of prisons and prisoners. There are over 400,000 correctional officers serving in prisons all over the United States. This is typically another public sector job, however there are some privately owned prisons out there. Most correctional officers working in the municipal, county or state level have just a high school diploma. If you are interested in working at a federal penitentiary, you will most likely need a college degree. Any correctional officer with a college education will likely start out in a better position at a higher rate of pay. The median salary of a correctional officer in 2012 was $43,555.

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Correctional Officer, Flickr

3. Transportation Security Officer (Salary: $40,160)

Another high paying public sector is working for the TSA. As a TSA employee, you will be making sure the airways are safe for passengers flying. A lot of the jobs working for the TSA require a college education, but some require just a high school diploma. Applicants with a high school diploma will likely take priority and end up starting at a higher rate of pay. Nonetheless, this could be a great option for someone that has a high school diploma looking to make good money. The average TSA agent made $40,160 in 2016, which is probably close to what this job pays today.

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Wikimedia Commons

4. Digital Marketing Agency (Salary: $100,000)

Investing Simple is affiliated with Kevin David.

One of the most interesting ways to make money these days is through a digital marketing agency. While this will require you to learn skills above and beyond what you learned in high school, this does not require a college degree. In fact, most marketing courses taught in college are outdated! Digital marketing changes so quickly that by the time something is written in a book, it is likely outdated. With a digital marketing agency, you will be helping small businesses in establishing a presence online and advertising their businesses on sites like Facebook, Google and Instagram. There are a number of courses out there where you can learn about this.

Here is an interview I did with Kevin David. He teaches his students how to run Facebook ads and create a digital marketing agency from scratch!

Most successful marketing agencies are making over $100,000 a year. The typical starting package for a business is $1,000 a month. If you are able to bring on 10 clients, you would be making $120,000 per year.

If you are interested in learning more about digital marketing, Kevin offers a completely free course on Facebook ads. Click here to enroll!

5. Skilled Trade Union (Salary: $54,110)

There are a number of different skilled trades out there, so we are going to lump them all in together. A few examples of skilled trades are electricians, plumbers, pipe fitters, welders and boilermakers. Most of these skilled trades have labor unions and those interested in joining have the option to complete an apprenticeship. Take being an electrician for example. Many high schools now offer trade classes, and those with these certifications will be at an advantage when applying for an apprenticeship. These programs typically consist of three to five years of paid, on the job training combined with classroom instruction. You typically work during the day and attend classes at night. As an apprentice, you will typically make just above minimum wage. The good news is your pay significantly increases after your apprenticeship is over. The average pay for an electrician in 2017 was $54,110! Most skilled trade positions will earn you a salary of over $45,000. Keep in mind, these jobs often come with the benefits associated with being in a labor union. This is something that you might not be considering now, but benefits can be a very important factor to consider.

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Wikimedia Commons

6. Real Estate Agent (Salary: Varies)

If you are a self motivated individual with a large network of friends and family, being a real estate agent might be a great option. You will have to go through a training and licensing process in order to become a real estate agent, and this will likely cost you a few thousand dollars. For some, being a real estate agent has been the best decision they have made. For others, it has been a complete waste of time and money. The main reason for this is because as an agent you work for yourself. You are paid based on commission when you sell or lease a property. If you aren’t working very hard, you won’t be making much of anything. As a beginner getting started with real estate, you should expect to make nothing in your first year. If you make any money at all, be very thankful. The reason why most real estate agents fail is because they have unrealistic expectations of making money out of the gate.

Consider Graham Stephan. He is a real estate agent as well as a real estate investor. Graham is a friend of mine, and he has been very successful when it comes to being a real estate agent. He is just about to turn 30, and he has earned over $3,000,000 working as a real estate agent.

While this result is not typical, this just goes to show you what is possible when you work hard and dedicate yourself to something. Unfortunately, most real estate agents never even manage to recoup the money invested in the training and licensing!

7. Utility Worker (Salary: $56,576)

As a former utility worker, I will tell you that the work is not glamorous but the pay is great. I originally worked as a past due bill collector earning $27.20 an hour or a salary of $56,576 as a 20 year old. Eventually, I moved on to the planning department where I earned $31.62 an hour or a salary of $65,769. The first job I had did not require a college degree, however the second one did. While most utility jobs do not require a college education, it is extremely difficult to get a job without having the educational background. Typically, it is those with an education or those with family members working there that get a job. It is possible to get a job without a college education as a utility worker. A friend of mine was able to get a job at the power utility I worked for, but he had military experience. Even so, it took him over a year of applying for jobs to actually find employment. Find out what your local power utility is and check back often for job postings!

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Wikimedia Commons

8. Subway Operator (Salary: $62,360)

This job may be referred to as a subway, transit or light rail operator. The job of an operator is to make sure passengers get on and off these transportation vehicles safely. As a subway operator, you may be driving underground in tunnels or above ground. In this day and age, most of the subway trains are operated by computerized equipment, but it is up to the subway operator to monitor this equipment and keep an eye out for any potential hazards. Subway operators will receive on the job training and the educational requirement is typically just a high school diploma. In 2015, the average pay for a subway operator was $62,360! This salary is likely pushing $65,000 today.

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Wikipedia

9. Casino Slot Attendant (Salary: $69,408)

I live next to a casino. As someone who has little interest in gambling, this is not a problem for me. Many of the people that live in the same building as me work at this casino, and these jobs pay surprisingly well. One of the most common jobs at a casino is a slot attendant. You are in charge of operations on the casino floor. These jobs typically do not require any formal education, but past work experience might be a deciding factor of employment. At the casino I live nearby, the average pay for a slot attendant is $69,408! There is one major drawback to this job however. Most casinos are a 24 hour operation, meaning that this will not be your cushy 9 to 5 job! As a new employee at a casino, you will probably end up getting the graveyard shift. If you don’t mind working at odd times, this could be the perfect job for you!

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Card Dealer, Flickr

10. Massage Therapist (Salary: $49,748)

Are you good with your hands? No, literally! Have you been told that you are good at giving massages? Massage therapists are often mobile, as they meet clients at their homes or offices. If you are interested in a job that does not tie you down to a desk, this might be an interesting opportunity. As a massage therapist, you are required to be licensed and to complete a certification process. Massage therapy does not require any kind of formal education. In 2018, the average pay for a massage therapist was $49,748. If you own your business, you can foreseeably charge whatever your customers are willing to pay!

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Massage Therapist, Flickr

11. Wind Turbine Technician (Salary: $53,880)

If you are afraid of heights, this is not the job for you. You know those massive wind turbines that are popping up all over the country? Well, someone has to climb up to the top to monitor and maintain the equipment. That somebody could be you! Most wind turbine technicians receive on the job training after completing a technical program. This is typically not as involved as a traditional college education. According to the Bureau of Labor Statistics, employment of wind turbine service technicians is projected to grow 96 percent from 2016 to 2026, much faster than the average for all occupations. Since this is a brand new field, the job market is very strong. As a wind turbine technician, you need to be okay with a lot of travel, heights and confined spaces. The average pay for a wind turbine technician in 2017 was $53,880 per year.

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Wind Turbine, pxhere

12. Air Traffic Controller (Salary: $122,950)

There are primarily two different ways to become an air traffic controller. The first option is to gain experience through the military. The second option is to complete training through the FAA’s Air Traffic Collegiate Training Initiative program. As an air traffic controller, you will be regulating air traffic as well as keeping track of weather conditions. Air traffic controllers are supervising all of the traffic in and out of the airports. While this job pays extremely well, it is known to be one of the most stressful occupations out there. In 2015, the average salary of an air traffic controller was an astounding $122,950!

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Wikimedia Commons

The Verdict

In summary, there are a lot of high paying jobs out there that do not require a formal education. What you will find is that a lot of these high paying jobs require a lot of very hard work! Typically, there is a reason why these jobs pay so well. Before you settle for a job working in retail or fast food, consider these jobs mentioned. While it may take longer to find employment, the difference in pay can be staggering. While most of these jobs mentioned do not require a college education, having this qualification could help and even result in a better starting position and pay!

Do you know of any high paying jobs that don’t require a college education? If so, comment below! We will add them to the list.

How To Invest Your First $100! (7 Ways To Grow Your Money)

Investing Simple is affiliated with Fundrise, Betterment, M1 Finance and Lending Club. This relationship does not influence our opinion of these platforms.

You have a crisp $100 bill in your hand and you have two choices. First of all, you could be like most people and spend that money. Or, you could invest it!

Most people do not realize that there are a number of investments out there that you can get started with that do not require thousands of dollars. We are going to be covering a number of different ways you can start investing with as little as $100.

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$100 Bill, Wikipedia

In the past, investing was reserved for people who had thousands if not tens of thousands of dollars on hand. If you go into the office of a financial advisor and tell them that you want to invest $100, they will probably politely give you the boot! The reason for this is because these advisors make a commission off of what you have invested with them, typically around 1%. If you invest $100 with them, they stand to make about $1! It is simply not worth it.

But what about an online brokerage account? The good news is the options have gotten a lot better. When I opened my first trading account, I had to deposit a minimum of $500 and pay a commission of $6.95 per trade. Today, there are countless options for investing that require a minimum balance of $100 or less with little to no commission costs!

The reason behind this is technology. Thanks to modern day technology, automation and paperless communication, the cost of investing has been drastically reduced. This means better options for you and that $100 in your hand!

But is it actually worth it to invest $100? You could have a night out with some friends, go out on a movie date or buy a new gold club. What is the point of investing such a small amount of money?

As soon as you begin investing, you have made a decision. You have transitioned from someone who is living day to day to someone who is planning and preparing for tomorrow. What you are planning for is different for everyone. It could be a home purchase, an education, a new car or simply making sure mom doesn’t have to worry in her later years. The point is, you started. The amount does not matter, the action does.

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Warren Buffet Caricature, Flickr

Let me share with you a story about Warren Buffett. He is arguably the most successful investor of our time with a net worth approaching $100 billion. There is a story about how Buffett was riding an elevator and he noticed a penny on the floor. He was on the elevator with a few other people, but he was the only one that noticed the coin. When the elevator doors opened, everyone walked off except for Warren Buffett. He kneeled down to pick up the penny on the floor while the others watched. As he walked past the others, he muttered “the beginning of the next billion.”

Warren Buffett is the last person in the world who needs to pick up change off the ground, but that does not stop him. He understands that it is the action and the principle behind it that counts, not the amount of money. Just like this story with Warren Buffett, the action of starting to invest is far more significant than the amount you invest.

Recently, we wrote a piece on Warren Buffett about how he invests and how you too can invest like him. You can read it here.

So, let’s get the ball rolling and figure out how you can invest your first $100!

1. Robo Advisor Modern Investing

Remember that financial advisor we mentioned above? If you went into his office with $100 he would send you away. Today, there is an entirely new form of advisor known as the robo advisor. This is an algorithm based investing platform where your money is invested based on your goals and current situation. Instead of having a human do this, it is handled by technology!

The result? A seriously inexpensive financial advisor that doesn’t need thousands of your hard earned dollars to get started.

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Betterment Robo Advisor

Take Betterment for example. This is the most popular robo advisor out there. While most financial advisors charge an asset management fee of around 1%, Betterment charges just 0.25%. Since Betterment is algorithm based, you can invest with any amount you have! Thats right, no minimum balance.

If you invest with a financial advisor, it would take them a few hours to have a discussion with you and set up an investment account for you. If they are going to make $1 off you, that is just not worth it! If they took on small clients like this, they would not be in business for very long.

Betterment on the other hand can easily afford to work with you. Betterment doesn’t have any physical brick and mortar locations, and everything is 100% automated. It does not cost them any more money to take you on as a client!

When you invest with a robo advisor, this is a 100% passive method of investing. You simply open an account, answer a few questions about your goals and your current situation and fund the account. After that, you are done! You will not think about this investment until tax season or if you choose to contribute more money.

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Betterment Sign Up Process

Your robo advisor will automatically rebalance and reallocate your portfolio. If you are investing for retirement, the closer you get to the retirement date the more conservative your investing strategy should be. Your robo advisor will me shifting more of your money into conservative investments as time goes on.

You will be able to have professional management of your money without having tens of thousands of dollars to invest and paying fees of 1% or more.

If you are brand new to investing and you don’t want to pick individual stocks or funds, a robo advisor like Betterment is a great option. You will have professional oversight of your money without paying a boat load of fees. If you want to pick your own investments, keep reading!

Click here to get started with Betterment!

2. Pick Your Own Stocks

Are you looking to be more active with your investments? If so, another option for investing is to pick some individual stocks or funds. This can be one of the most exciting ways to invest, but we recommend doing some research first!

Here is our free guide on investing in the stock market as a beginner.

In the past, your options for investing in individual stocks were the in person stock broker or the online discount broker. Your in person broker was someone you would call on the phone to make trades on your behalf. This was an expensive way to trade, with commission costs of $10 or more per trade common.

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Amazon Stock, August 14th 2018

This method of trading was largely phased out by the online discount broker. These services would offer an online trading platform and by cutting out the human involvement, commission costs were lower. My first brokerage account was an online discount broker, and I would pay a commission of $6.95 per trade. On top of that, as I mentioned the minimum to get started was a whopping $500!

The reason why I am telling you about this is so you appreciate the array of great options you have today! Just a few years have resulted in some major changes in the brokerage industry.

Thanks to paperless communication, technology and high frequency trading platforms, there are now an array of free investing platforms out there. Two of the most popular platforms are M1 Finance and Robinhood.

Here is our full review of M1 Finance.

Both of these platforms allow you to invest in stocks and ETFs traded on the major stock exchanges for free. Robinhood has a minimum account balance of $0 and M1 Finance has a minimum balance of $100. There are a number of differences between these two platforms that we discussed here.

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M1 Finance Investing Platform

To summarize them, Robinhood only allows you to buy whole shares while M1 Finance allows you to buy fractional shares. If you wanted to invest $100 in Amazon stock, you would only be able to do that through M1 Finance due to the share price. Second, M1 Finance allows you to automate your entire portfolio as well as dividend reinvestment. Unfortunately, Robinhood lacks these automation features. Third, retirement accounts are offered through M1 Finance and not Robinhood. And finally, M1 Finance offers some expert built portfolios you can invest in for free. With Robinhood, you are on your own when it comes to building your portfolio.

Most people will find that the features M1 Finance offers make this a superior platform to Robinhood. Stocks are a long term investment, and M1 Finance has a platform that is better suited for this.

Click here to get started with M1 Finance! 

3. Invest In A Business

Watch out! If your friends approach you about a business opportunity, do your research on it. If this business requires you to buy a starter package, pay for your own website or buy inventory, it might be a multi level marketing business. While most of these are perfectly legal, they often require you to leverage your personal network of friends and family. There are probably better opportunities out there!

So, aside from selling tupperware and candles to your friends on Facebook, what businesses could you start with $100? The answer is quite a few! Here is a list:

  • Bucket + Sponge + Soap = Car Wash Business
  • Blog/YouTube Channel
  • Rent a truck for a day for a Junk Removal Business
  • Photography/Videography
  • Tutoring
  • Ride Sharing
  • Child Care
  • Social Media Marketing
  • Window Cleaning
  • Resume Writing
  • Vacation/Event Planner

Looking for more ideas? Here is our list of 50.

4. Invest In An FDIC Insured CD

If you are totally afraid of risk, you could invest in a certificate of deposit through your bank. Most of these bank investments have a minimum deposit amount and time threshold, but you could find one that has a minimum of $100 or less. The first certificate of deposit that I opened was a $500 deposit. This was a 12 month CD that renewed annually and the purpose of this CD was to secure a line of credit I had with the bank. At the time, I was 18 and I needed to establish credit. I was offered a $500 line of credit from the bank if I backed it with a certificate of deposit. I earned an interest rate of 0.5% on that short term CD, meaning I was earning $2.50 per year.

For most people, the returns from a CD are not what they are looking for. The purpose of a CD is to earn interest that is a little better than what you would earn from a checking or savings account. Bank CD’s are FDIC Insured for up to $250,000 meaning there is no way that you could lose money by investing in one.

Bank CD.jpeg
Bank CD Rates Ad, First United Bank

If you are a young person and you do not need the money you are investing in the short term, you should probably look beyond the bank CD. The interest you are receiving will not outpace inflation and you will be losing the buying power of your money.

Recently, a new bank opened nearby where I live. To get people in the door, they were offering a number of CD’s with great rates. The best one was a 48 month CD. The minimum balance to open it was $25,000 and the interest rate was a guaranteed 3% per year. This would be a great investment for someone who was saving for college or a major life purchase. You would not want to invest that money in the stock market as stocks are volatile and higher risk. Instead of leaving that money in the bank earning very little interest, a certificate of deposit is a great option.

5. Peer To Peer Lending

Have you ever loaned your friend some money and later on he paid you back with some interest? You gave your friend a personal loan! Traditionally, this type of investment has been reserved for the banks. Recently, a number of platforms have surfaced that allow you to loan your money to others just like the banks do! One of the most popular platforms for this is Lending Club.

These peer to peer lending platforms allow you to either lend or borrow money. Borrowers will pay interest to lenders based on a number of factors such as credit score, income and borrowing history. With Lending Club, you can invest in loans for personal reasons, medical bills, auto refinancing and even small business loans! You can purchase fractions of a loan called a note with as little as $25. Most people who have had success with peer to peer lending have suggested investing in at least 100 notes to be adequately diversified.

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Lending Club Peer To Peer Lending

These peer to peer lending platforms have a dashboard where you can screen loans and pick them individually. If you have a greater risk appetite, you can find higher risk loans that will pay a higher return. If you are more conservative, you can invest in only the safest loans from the low risk borrowers. If you don’t want to pick loans individually, you can invest in a preselected collection or portfolio of loans!

Peer to peer lending allows you to access an asset that was traditionally reserved for the banks! Now, you can be the bank.

Click here to get started with Lending Club!

6. Invest In Yourself

This is probably not an option you want to follow, but at least consider it! There are a number of small investments you can make in yourself that can generate huge returns in the long run. Here is a list:

  • Invest in a professional resume edit and review
  • Invest in new job interview clothes
  • Invest in books (or read at the library for free!)
  • Learn a new skill though an online course
  • Find someone you look up to and take them out for lunch
  • Invest in a gym membership for your health
  • Find continuing education classes at your local school

Often times, when it comes to a job interview the first impression is what matters. Something as simple as a fresh haircut and a new shirt and tie could put you ahead of the other candidates. If a $100 investment in your looks means you get the job, that is well worth it!

7. Invest In Crowdfunded Real Estate

One of the most exciting investments that has recently emerged is crowdfunded real estate investing. Platforms like Fundrise allow you to pool your money with other investors to invest in real estate projects.

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Fundrise Logo

I am sure we all have that rich friend or family member that made a fortune by investing in real estate. Typically, this is through buying multifamily properties and renting them out. While this can be a great investment, there is one problem with this. It is really difficult to get started! If you want to buy a piece of real estate, get ready to put down as much as 25% of the total price of the property, not including closing costs!

Here is our full review of Fundrise.

Thanks to crowdfunded real estate platforms, you can now invest in real estate projects with other people without shelling out thousands of dollars! It is a lot easier to get started. Real estate is one of the most popular investments out there, and you are able to make money while providing much needed housing to other people. This type of real estate investment is 100% passive, meaning you will not have to do anything after you invest! If you buy a piece of real estate to rent out to someone else, that is going to be a very active income source. You will be getting calls at all hours of the day, and night! On top of that, if your tenant does not pay rent you will have to evict them! This is a very time consuming process and you will not be making any money from that unit during that time.

With crowdfunded real estate investments, you own a small piece of hundreds or thousands of different properties! You won’t have to worry about vacancies or evictions.

Click here to get started with Fundrise!

How NOT To Invest Your First $100

What you do with your money is up to you! You might decide to follow one of the strategies listed above or continue searching. The last thing I want to do is cover a few things that you probably should not do with your $100 investment. Most people who do these things end up losing most if not all of the money. We want you to have the best chance at success!

  1. Avoid investing in penny stocks. While they may appear cheap, they are often cheap for a reason. If you are going to invest in individual stocks, stick to those listed on the NYSE or NASDAQ.
  2. As mentioned earlier, watch out for multi level marketing opportunities. This typically requires you to pester your friends and family to buy products from you. Consider this, if it is such a great opportunity why is someone telling you about it?
  3. These days, there are a lot of people running ads on Facebook and YouTube. Some of these ads include attractive people and sports cars. As I am sure you know, not everything on the internet is true! Watch out for these ads trying to sell you a course or training. While online courses can be extremely helpful, don’t just buy one because you think it will get you behind the wheel of a Lamborghini!
  4. Don’t waste your money on gambling. Lottery tickets are an optional tax that you do not have to pay! The odds are against you when it comes to lottery tickets.
  5. Do not use that $100 as a down payment. You might be tempted to put $100 down on a new toy, but all you will be doing is putting yourself in debt. Car dealers often advertise deals where you can drive a brand new car with $100 down or less. This is not an investment! You will be buying a depreciating asset and going into debt.

 

6 Best Passive Income Ideas For 2018

Investing Simple is affiliated with Fundrise. This relationship does not influence our opinion of this platform.

Welcome to the new frontier of making money, where there are countless ways to earn it. Some of these money making methods are passive, where you do not have to trade your time for money! Here at Investing Simple, we love passive income.

But there is a catch: You need to put in time setting it all up. Lots of time.

The investment, however, is well worth it.

In other words, you work a lot today, and you don’t work nearly as hard tomorrow!

It takes time and patience to start seeing money coming in with passive income. That’s why most people just get jobs. My favorite definition of passive income is that it is income paid on your past efforts. Put in the work today and reap the benefits tomorrow!

Here are our favorite passive income ideas for 2018. 

1. Real Estate:

Real estate is one of the best ways to make passive income. At first, this is going to anything but passive! You will be managing the property, collecting rent and making repairs. Down the road, you will be able to hire a property manager and this can become passive.

If you want to learn more about investing in real estate, check out Graham Stephan on YouTube. He became a millionaire in his 20’s simply by saving his money and investing in real estate.

Here is a great video on investing in real estate by Graham Stephan.

If you don’t have the money for investing in real estate on your own, another option is to invest in real estate through Fundrise!

With Fundrise, you are pooling your money with other people and investing in real estate projects. Fundrise is a relatively new investment, but so far they have seen 8 to 11% returns. This type of real estate investment is 100% passive! You put your money to work and you sit back and earn your returns.

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Fundrise Returns 2014 To 2017

Click here to learn more about Fundrise.

Another way to make passive income with real estate is by offering short term rentals. If you live in a tourist area, this is a great option. Rather than renting your spare living space out for extended periods of time, you can often make more money doing short term rentals on sites like AirBnb.

While AirBnb is great, you are actually better off building your own site for rentals. This will cut out the middleman and keep more money in your pockets since you will be avoiding the AirBnb fees! At first, this will be active income but down the road you could hire a property manager for a fee.

2. Dropshipping:

One of the most popular ways to make money online these days is by dropshipping. Essentially, you are selling products that you are never putting your hands on. You build out a website, run ads to get traffic to the site and then fulfill the order.

For example, many people are creating a Shopify store where they can sell products from AliExpress. Keep in mind that it will take weeks if not months for products to ship from China, so you want to be transparent about this on your site!

A better way to dropship is to ship the products to the United States first and pay for fulfillment services. This will significantly reduce the shipping time.

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Dropshipping Explained, Oberlo

3. Online Courses:

Ready to demonstrate how to write the perfect resume? Knit a sweater? Read tarot cards? Buy a car? Balance a checkbook?

If you’re an expert (or willing to do the footwork and become an expert) on any topic, you can create an online course to teach others your skills.

Setting up the curriculum requires a time commitment, as does marketing your course, but once it’s up and running, you’ll earn passive income based on the number of students.

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Teachable Course Earnings

Ryan Scribner offers a free course all about building a successful online course or membership site. You can enroll here!

This is one of the best ways to make passive income. Once the course is completed, you just collect the payments! Hosting sites like Teachable will handle the rest.

TIP: Ask people who’ve completed the course to write a testimonial praising it, and publish their words.

4. YouTube Videos:

One of the coolest ways to make passive income is to start a YouTube channel. Once your channel becomes established, you can run ads on your videos and collect a check every single month!

You will need to continue to post new content in order to keep the views coming in, but if you enjoy doing this it can be a great way to earn passive income. Take Financial Education for example. He uploads a daily stock market commentary video and typically gets 10,000 to 20,000 views per video.

In a recent video, he shares just how much money he is making on YouTube!

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HOW TO MAKE $100 PER DAY PASSIVE INCOME ONLINE, Financial Education YouTube

You are reading that right. Jeremy is making over $16,000 a month with his YouTube channel! There are countless YouTube channels out there pulling in over $100,000 a month just in ad revenue.

5. Affiliate Marketing 

The idea here is you market someone else’s product for them and earn a commission on each sale you’re able to provide for the original seller. This works best when you have a large audience of some sort on social media. This could be a blog, a YouTube channel or even an Instagram account.

One of the best ways to do this is with Amazon Affiliate Links. In this video, Ryan Scribner will teach you how to make passive income with these links.

Link a product to your blog, YouTube, Instagram, Facebook, etc.

Every time someone clicks on the product and buys it, you get paid a royalty.

There are countless affiliate opportunities out there. The key here is to become the authority in your niche and then reach out to the biggest companies serving these customers. Many of these companies will pay you for referrals!

6. Stock Market:

Here at Investing Simple, our favorite way to make passive income is to invest in the stock market. This type of investing can be 100% passive!

It may seem dicey or risky, but if you put in the time to learn about the ins-and-outs of playing the stock market, you can take small steps to start based on a long-term plan.
There are tons of sites for tutorials aimed at newcomers to the stock market, teaching you the lingo, how to assess your risk tolerance, and even giving stock tips.

Check out our beginner’s guide on investing in the stock market here!

38 Essential Tips To Save More Money Now!

Whether you’re saving for a house, looking to buy a new car, paying off a student loan or any other financial circumstance, the more money you have, the greater success you will achieve.

Have you ever gotten paid and then doled out all that money to living expenses, things like rent, groceries, gas and other necessities? Then found yourself waiting for the next paycheck, without any idea where your money had gone?

Living paycheck to paycheck is an unfortunate situation many people find themselves in, but there are ways to carve out savings for your future.

Most people know little about investing; they are only concerned with spending.

You cannot work to spend.

You need to work to invest.

Check out our beginner’s guide to investing in the stock market here!

Here are our 38 essential tips for spending less and saving more money.

1. Eat Cheaper

You don’t need to waste $20 in one night because your friends wanted you to go eat at Chili’s with them.

Stay at home, eat those leftovers, and save that money! Remember, convenience is expensive! Skip the drive thru and pack a sandwich.

Estimated Savings: $50 per week!

2. Forget The Brand

Branding = more expensive for no reason!

If you are still buying name brand razors, groceries and clothing you are spending money for no reason. Often times, the off brands are produced by the same people who make the name brands! All you are paying for is the name.

Learn how to compare prices at the grocery store and ditch the big brands.

Estimated Savings: $25 per week!

3. Quit Bad Habits

Stop smoking. Stop drinking excessively.

If you smoke a pack a day, you could be spending $3,650 a year or more!

If you drink a 30 rack of beer a week, you could be spending $1,500 a year or more!

It always amazes me how many people say they have no money to spend money or invest, but they are happy to shell out money towards a bad habit like smoking or drinking!

Estimated Savings: Up to $5,000 per year!

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Cigarette Smoking, Pixabay

4. Cancel Unused Memberships

Are you paying monthly for a music app that you don’t even use? Or maybe a gym membership? Think about it, or check your card transactions if you’re not sure.
Paying for things you don’t use is basically throwing money down the drain.

Estimated Savings: $100 per month!

5. Stop Buying New Clothes

Do you really need a new pair of shoes?

Sometimes you do, but most times you just want to spend money.

Try to resist the urge of buying a new sweater that you saw at a store, because chances are it will get lost in your closet and you won’t really use it. This is something called dead money! That money could be earning you interest or dividends, but instead it is sitting in your closet.

Estimated Savings: $100 per month!

6. Understand Wants And Needs

If you are buying something, ask yourself “Is this something I want, or something I need?”

Use this strategy for purchases large and small.

Do this every time you’re going to buy something. It doesn’t have to be long and intense, just quick and casual. You might just realize you were going to waste money for no good reason.

Better yet, follow the 30 day rule! If you want to buy something, put it on a list. If you still want it in 30 days, buy it. This eliminates the impulse purchase!

Estimated Savings: $200 per month!

7. Consider Your Future Self

If you’re going to buy something expensive, ask yourself, “Will my future self be disappointed with my current decision to spend so much money?”

Future you might thank you.

8. Avoid Credit Cards

Credit cards give you the option to spend money that you don’t really have. This creates debt. You don’t want to be in debt.

Instead, use debit cards and real cash. Credit cards only increase your monthly expenses.

Estimated Savings: Could be $1,000 per year or more!

9. Cut Your Services

If you aren’t using your landline phone or cable subscription, cut the cord! There are countless alternative streaming options nowadays.

Estimated Savings: $200 per month!

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Cutting The Cord, Flickr

10. Entertainment Expenses

You might choose the movies, a restaurant, or bowling as ways to have fun. It’s fun to have fun.

But fun does not have a price tag. You can have fun playing basketball, having a picnic, or watching movies at home!

Be flexible and creative with your entertainment. Set a monthly entertainment budget and stick to it!

Estimated Savings: $200 per month!

11. Free Transportation 

This kills many birds with one stone.

First off, if you make it a goal to exercise, this is a great way of doing so. You are multitasking by traveling to your destination while working out.

In addition, it spares you from having to fill up your gas tank every week, resulting in huge savings.

Estimated Savings: $20 per week!

12. Carpool 

This alternative works if you’ve got a close friend who works with you. If both of you work out, shop or work at the same place, go in one vehicle. You can even take turns. Whoever drives gets to choose the radio station.

Estimated Savings: $20 per week!

13. Avoid Scratch Off Tickets

The lottery is simply a tax on the stupid. If you are in the habit of buying a lotto ticket with your morning coffee, skip the ticket! (Skip the coffee too and brew at home…)

Estimated Savings: $50 per week!

14. Defensive Driving

Speeding can make your tank run out quickly. It also leads to more wear and tear on your brake pads, meaning more frequent replacement. Stop this bad habit, as it’s illegal and it’s expensive!

Estimated Savings: $10 per week!

15. Turn Off Lights

Make the best use of natural sunlight. Turn off the lights, let the light come in from the windows, and relax, knowing that your next light bill will be smaller.

Estimated Savings: $15 per week!

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What’s Your Excuse? US Ad Council

16. Buy Food In Bulk

Buying food in bulk saves you time, energy, gas, and prevents you from being in an environment where you want to spend money.

Try making a bigger shopping list in order to spend less and save more.

Estimated Savings: $10 per week!

17. Don’t Shop Hungry

Shopping hungry will make you think that you need SO much food, when you really don’t. Eating a dozen muffins seems like nothing when you’re hungry. When you’re not hungry, you may not want even a single muffin.

Try to go shopping 30 minutes after you eat. This will ensure you’re not shopping out of a short term feeling of immediate hunger. Go with a list and plan what you will be buying ahead of time.

Estimated Savings: $25 per week!

18. Pay With Cash

Numerous studies have found that people who pay with cash spend less than those who use a card.

Estimated Savings: $100 per week!

19. Customer Loyalty Programs

These programs are run by stores in order to maintain customers.

By tracking your purchases, and being loyal to a select few stores, you can start earning rewards and discounts.

Just be careful. Many of these customer loyalty programs encourage spending to get rewards! Don’t fall for this trap.

Estimated Savings: $50 per month!

20. Make Coffee At Home

What’s the point of coffee? It wakes you up and gives you energy.

A Starbucks latte with 60% sugar might taste good, but it’s really unhealthy, expensive, and overrated.

Make your own coffee if you don’t already. It’s a healthy and cheap resource.

Estimated Savings: $1,500 per year!

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Coffee Maker, Flickr

21. Plan Out Meals

Make a weekly schedule of breakfast, lunch, and dinner.

Buy ingredients ahead of time to avoid last minute dashes to the grocery store.

Estimated Savings: $25 per week!

22. Avoid Small Purchases

Many small purchases add up. The daily trip to the vending machine at work counts!

Estimated Savings: $5 per week!

23. Eat Out Less

Restaurants are way more expensive than they seem. You end up paying for refills and a tip that you didn’t factor into your overall price.

Yes, your plate might only be $12, but your tip, refills, and appetizers can make it $25 or more.

Estimated Savings: $100 per week!

24. Find Free Entertainment

We are humans, we need enjoyment.

Avoid spending money to enrich your life. Playing sports, hiking, picnics; these are all cheap and rich ways to spend your times. They’re definitely better than doling out $15 for a ticket to watch a movie with your friends.

Everyone needs to find something that they do that costs no money! Otherwise, you will only be happy when you are spending money.

Estimated Savings: $100 per month!

25. Avoid Checkout Line Shopping

This part of a store is a collection of stuff you don’t need. Soda bottles, candy, magazines, etc. I have heard some refer to this as the impulse isle!

Don’t even think about buying anything in these sections, because I’m pretty sure you didn’t write “Snickers Bar” and “Ring Pop” on your shopping list.

Estimated Savings: $10 per week!

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Grocery Store “Impulse Isle” Checkout, Wikimedia

26. Use Coupons And Promo Codes

You can simply Google these or find them at restaurants and stores. Or, clip coupons on Sunday for your groceries! Just don’t buy anything you usually do not.

Estimated Savings: $25 per week!

27. Skip The Happy Hour

If you grab a drink with friends a few times a week, consider drinking at home with your friends instead. It will save you and your friends a lot of money! Bars charge a huge markup on alcoholic beverages.

Estimated Savings: $50 per week!

28. Spend Time, Not Money

Instead of spending money with your friends, spend time instead. It is just as easy to walk through the park as it is to walk through the mall.

Estimated Savings: $20 per week!

29. Collect Spare Change

Most people underestimate spare change. Stash yours away as a simple method of saving money. Make sure to always keep it in an accessible place, like your car or in a jar at home. This comes in handy and can amount to large figures!

If you don’t use cash, find an app that rounds up your purchases and accumulates the spare change in a savings account!

Estimated Savings: $100 per month!

30. Leave Your Wallet Home

If you are going to school, for example, there’s almost no need to take money with you.
If you are going out somewhere, and you know you are not going need money there, resist temptation and leave your money at home.

Estimated Savings: $20 per week!

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Wallet, Pixabay

31. Learn To Say No

A lot of people let other people waste their money. Learn to say “no,” whether they ask you to go to a concert or out to eat with them. Offer to spend time with them, not money!

Estimated Savings: $100 per month!

32. Have A Weekly Budget

First, you need to calculate food, memberships, bills, gas, etc.

Come up with a number, an amount of money that you need to have each week. Then, try to stay within this budget.

Estimated Savings: $50 per week!

33. Track Your Expenses

Where is your money going? Once you answer this question with specific details and specificity, you’ll realize there’s a lot of stuff you can painlessly cut back on.

Estimated Savings: $50 per month!

34. Shower Faster

Most people get caught up in the shower, singing their favorite song or thinking about their next business venture.

Instead, take a brisk shower, get out, and get on with your day. Water bills can be reduced largely this way.

Estimated Savings: $10 per month!

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Simple Ways To Save Water, Pinterest

35. Pack Lunch For Work

You don’t have to go out, and you don’t have to spend money. Make yourself a full sandwich with snacks and sides. Some people spend as much as $20 a day on lunch!

Estimated Savings: $75 per week!

36. Set Savings Goals

Those jeans might look great on you. But, are they really in line with your goals? Will this $100 be better spent on pants or on your savings account?

Estimated Savings: $100 per month!

37. Tax Yourself

In The Richest Man In Babylon, it talks about imposing a tax on yourself. Commit to doing this and tax yourself before you have a chance to spend that money! Start with as little as 1% and build up from there.

Estimated Savings: UNLIMITED!

Richest Man Babylon.jpeg
The Richest Man In Babylon, Medium

38. Avoid Spend To Save Gimmicks 

It is impossible to spend money and save money at the same time. Don’t buy that toaster because you will save $50 with the mail in rebate.

You didn’t save $50, you just spent $50 less. The truth is, that rebate is already factored in and they are still making a profit on the sale! Plus, a lot of people will forget to mail it in.

If your toaster works fine, why buy a new one? Spend to save gimmicks are all over, so watch out!

Estimated Savings: $50 per month!

Talk down that inner voice with the voice of reason. Follow these tips studiously and you will see your savings blossom. Your future self will thank you!

5 Home Based Businesses You Can Start Today

It’s everyone’s dream to wake up whenever you want to, roll out of bed, make some coffee and begin your work day. Sounds nice, doesn’t it? No grueling commute or personalities to deal with at the workplace. Just wake up and work!

That’s all possible if you can create a successful home based business, but it’s not all fun and games. It takes hard work and a lot of time and effort out of you in the beginning but the question is, are you willing to put in the sweat equity?

Here are 5 home based businesses you can start today!

1. Resume Editor

A lot of people struggle to perfect their resume before that big job interview, but you can help them with your professional writing service! This could be a cover letter, a resume or something else entirely.

It is not uncommon to charge $100 for a resume review. If you could do four resume reviews and edits per day, you could make $2,000 a week which is just under $100,000 a year!

2. Website Designer

Business owners are notoriously bad at social media and web presence. If you have a lot of businesses in your area, reach out to them and offer to build them a website! The best way to do this is to have them pay you a retainer for ongoing updates and site maintenance.

Consider this. What if you helped 30 businesses build a professional website and each one paid you a retainer of $100 a month for ongoing updates and maintenance? You would be making $3,000 a month!

3. Affiliate Marketing

The idea here is you market someone else’s product for them and earn a commission on each sale you’re able to provide for the original seller. This works best when you have a large audience of some sort on social media. This could be a blog, a YouTube channel or even an Instagram account.

One of the best ways to do this is with Amazon Affiliate Links. In this video, Ryan Scribner will teach you how to make passive income with these links.

Link a product to your blog, YouTube, Instagram, Facebook, etc.

Every time someone clicks on the product and buys it, you get paid a royalty.

There are countless affiliate opportunities out there. The key here is to become the authority in your niche and then reach out to the biggest companies serving these customers. Many of these companies will pay you for referrals!

Check out our beginner’s guide to affiliate marketing here.

4. Pet Or Child Care

People love their pets and kids, but many parents work full time and can’t get home to walk Fido. Or they want to go out to dinner but they need someone to watch the little ones.

You might not be able to wake up whenever you please but people will pay a premium for the best care for their loved ones. If you are an animal lover or you are good with kids, consider operating a child or doggy daycare! You will be able to write off a lot of your housing expenses by having a home based business.

Consider having a doggy daycare. Each owner pays you $100 a week and you have 12 dogs that you are watching. That adds up to $1,200 a week and just under $5,000 a month!

5. YouTube Channel 

Now, this idea is not for everyone! But if you are a good speaker and you have interest in going on camera, consider starting up your own YouTube channel.

Once your channel becomes established, you can run ads on your videos and collect a check every single month!

You will need to continue to post new content in order to keep the views coming in, but if you enjoy doing this it can be a great way to earn money from home. Take Financial Education for example. He uploads a daily stock market commentary video and typically gets 10,000 to 20,000 views per video.

In a recent video, he shares just how much money he is making on YouTube!

Financial Education Ad Revenue
HOW TO MAKE $100 PER DAY PASSIVE INCOME ONLINE, Financial Education

You are reading that right. Jeremy is making over $16,000 a month with his YouTube channel! There are countless YouTube channels out there pulling in over $100,000 a month just in ad revenue.

6 Realistic Ways To Make $100,000 Online (WITH PROOF!)

The world is full of opportunity today. You have the ability to make money while in bed, sitting on your phone, or even while you are asleep. This opportunity is made available by something called the internet.

Before we jump into six ways you can make $100,000 or more online, I need to tell you, how much you make is fully dependent on you and how much work and time you’re willing to put in.

If you are only willing to put in a few hours of effort, you won’t make a penny!

Each of these methods will take months if not a year or more to build a six figure income source, but it is possible. I know someone who is making at least $100,000 a year doing each of the following things and I will share each one as an example.

1. YouTube Channel

One of the coolest ways to make money is to start a YouTube channel. Once your channel becomes established, you can run ads on your videos and collect a check every single month!

You will need to continue to post new content in order to keep the views coming in, but if you enjoy doing this it can be a great way to earn passive income. Take Financial Education for example. He uploads a daily stock market commentary video and typically gets 10,000 to 20,000 views per video.

In a recent video, he shares just how much money he is making on YouTube!

Financial Education Ad Revenue
HOW TO MAKE $100 PER DAY PASSIVE INCOME ONLINE, Financial Education

Now, don’t be fooled by this seemingly easy way to make money. This takes a lot of effort. Jeremy started his YouTube channel over two years ago in January of 2016. Since then, he has posted over 850 videos!

Here is one of his earliest videos explaining what a checking account is.

In order to be successful on YouTube, you need to be extremely patient and see the bigger picture! You also need to improve your content and quality with time, otherwise people will lose interest in your videos.

Personally, I know about a dozen people who are making over $100,000 a year with a YouTube channel. While it is difficult, it is not impossible!

2. Personal Coaching/Consulting

Coaching and consulting is a huge business opportunity. Often times, people need a second opinion to break past a certain barrier in their personal or professional life.

Take my friend Jake Woodard for example. He spent years learning about personal development and working on himself mentally, physically and spiritually. Now, he has a six figure coaching business online. He helps people through one on one coaching and speaks at events all over the world.

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Jake Woodard, Life Coach

Once you have established credibility in your field, take on a few clients pro bono. This means that you will be doing it for free, in exchange for a testimonial of course! Once you have real results and proof of your work, you can take on paid clients.

Jake Woodard spends a lot of time building out his social media presence, and you will need to do this too! Most of his clients find out about him from one of his powerful videos being shared around on Facebook.

3. Affiliate Marketing

Affiliate marketing is a very simple business. You simply refer a sale to someone and earn a commission in the process!

The idea here is you market someone else’s product for them and earn a commission on each sale you are able to provide for the original seller. This works best when you have a large audience of some sort on social media. This could be a blog, a YouTube channel or even an Instagram account.

One of the best ways to do this is with Amazon Affiliate Links. In this video, Ryan Scribner will teach you how to make passive income with these links.

Every time someone clicks on the product and buys it, you get paid a commission.

There are countless affiliate opportunities out there. The key here is to become the authority in your niche and then reach out to the biggest companies serving these customers. Many of these companies will pay you for referrals!

So, just how much money can you make with affiliate marketing? Let’s take ODi Productions for example. He makes over $100,000 a month with affiliate marketing! He dropped out of his dream school UCLA with a 3.5 GPA in order to pursue entrepreneurship full time and create an online business.

Now, he owns his dream car and lives in his dream apartment thanks to affiliate marketing. He states that it took him a little over two years to build out his business.

Here is a video where he explains more.

Click here for our beginner’s guide on affiliate marketing.

4. Social Media Marketing

Investing Simple is affiliated with Online CEOs by Josue Pena.

Use what you do every day to your advantage. There are so many businesses getting left behind because they don’t know how to use social media. If you are able to help businesses with their social media and get them more customers, they will pay you massive sums of money.

Take Josue Pena for example, he has a social media marketing agency that does close to $100,000 per month in revenue. It took Josue months to learn the ins and outs of social media, but now clients all over the world pay him for his expertise.

Here is a video that talks about his social media marketing agency.

Click here for a free Instagram training guide by Josue Pena!

Become an expert on Instagram and other social media platforms, then go look around where you live for local businesses you think could use some help. Take over their social media, and get them more customers while earning a monthly retainer in return.

Once you become too busy, hire an employee or outsource the work to someone overseas! This business is very easy to scale.

5. Blogging

Blogging can be a fun creative outlet that can turn into a side hustle though affiliate marketing and selling ad space. One example of this is Good Financial Cents. Jeff Rose started this blog over 10 years ago, but in one month alone he made over $100,000!

Check out this video Jeff Rose did talking about that.

You can start a blog for next to nothing. In fact, some sites will allow you to start a blog for free! Take the Investing Simple blog for example. We pay about $50 a year for hosting and a domain name. The main investment here is your time!

If you want to learn more about starting a blog, here is a guide I recommend that talks about how to get your blog started with under $100 and in 24 hours!

6. Selling An Online Course

Ready to demonstrate how to write the perfect resume? Knit a sweater? Read tarot cards? Buy a car? Balance a checkbook?

If you’re an expert (or willing to do the footwork and become an expert) on any topic, you can create an online course to teach others your skills.

Setting up the curriculum requires a time commitment, as does marketing your course, but once it’s up and running, you’ll earn passive income based on the number of students.

Teachable 5
Teachable Course Earnings

Ryan Scribner offers a free course all about building a successful online course or membership site. You can enroll here!

This is one of the best ways to make passive income. Once the course is completed, you just collect the payments! Hosting sites like Teachable will handle the rest. There are countless examples of people who are making $100,000 or more with an online course.

Take Tai Lopez for example. In this video, Tanner J. Fox estimates that he does close to $90,000,000 a year in revenue from his online courses and coaching!

Thanks to the internet, there are now hundreds of ways to make money online. In my opinion, these are the most profitable ways of making money online today. The number one thing you have to remember is that this is going to require a lot of time and patience. Nobody on this list became an overnight six figure earner. Stick to one idea and commit to your success as an online entrepreneur!