You’re living on a budget, paying all your bills but it’s still paycheck to paycheck. You just can’t seem to get ahead or make any progress building up your emergency fund. If only you could find a way to make some extra cash... Cheer up, because this MoneyWise Live is all about second jobs, moonlighting and side gigs. Rob details these 5 real ways you can earn extra cash:
- Start driving for a ride-sharing service like Uber or Lyft.
- Being an “on-demand photographer.” Basically you use your smartphone to take pictures for companies and other enterprises.
- “Car wrapping.” You become a mobile advertiser for companies or products by having your car wrapped in a plastic coat of advertising.
- If you’ve got practical skills— or maybe even one practical skill that people will pay you for - handyman.
- Become a tutor. This is a great one if you like teaching other people and passing along your knowledge.
Next, Rob and Steve answer these questions at 800-525-7000 or via email at Questions@MoneyWiseLive.org:
- If your daughter is going through Chapter 13 bankruptcy and you were a co-signer on a personal loan for her school, how will her filing affect you financially?
- A caller reminds listeners that there are classes in every station though adult education for which teachers are paid $35.00/hour which could allow teachers to augment their salary.
- A caller relates a story how she has cleaned an elderly lady's house for years and has enjoyed the opportunity to witness while working.
- A full-time student calls to tell MoneyWise Live listeners how she does hair for weddings.
- Another listener relates how she does clerical work for an elderly person offering help with collecting mail, using the Internet and such.
- If you work full-time, how much should you make working part time to avoid taxes?
- If you're a retiree on a fixed income who just paid off your car loan and have $5,000 credit card debt, should you use the extra $300/month to pay off the debt or get a loan?
- If you have a rental house and primary residence and you wish to sell them to buy a house elsewhere, will you owe capital gains on the two you sell?
- If you're age 52 and recently closed out a Roth to pay on your daughter's college education, what do you pay a penalty on?
- If you're 53 and have nothing saved for retirement yet, what steps should you take as you move forward?
- If you have several credit cards but all with $0.00 balances, will it damage your credit rating if you close them all at once?
- If credit cards aren't a problem for you, is there any reason you shouldn't keep a few open?
- If you're 23 and married with a baby on the way, should you consider term or whole life insurance?
Be sure to check out the rest of MoneyWise.org to connect with a MoneyWise Coach or access our books and our many free helpful resources. You can also find us on Facebook (MoneyWise Media) and join the conversation. Thanks for your prayerful and financial support that helps keep MoneyWise on the air. And if you'd like to help, just click the Donate tab at the top of the page.