Let’s talk about $20,000… how to get there and make it happen. Why $20,000? Because it’s a number that’s big enough to make a difference, but small enough to be achievable by most people who set out for it. And there are some crazy ways to make $20,000, so this will also be pretty fun!t many people don’t think they can earn $20,000 extra in just one year.
Today, I’m going to show you some of the more unique ways that you can do it. In reality, there are countless ways to earn $20,000 more in a year.
1. Sell Everything You Own
How much stuff do you have and how much do you really need? Studies vary, but on average, insurance companies believe that most adults have about $20,000 in personal belongings in their homes or apartments.
This includes everything from furniture, to electronics, kitchenware, to clothes.
Now, you don’t have to sell everything, but if you really want to try, you can probably find $20,000 in things you don’t need. For example, do you really need a couch in your living room AND family room (who uses a living room anymore)? Do you still need to have a DVD collection?
Selling your stuff can be both liberating and profitable. In fact, studies have been done around this Paradox of Choice and how consumerism can really be challenging for people.
If you’re ready to take a leap and sell your stuff, look to a few places to make it happen:
- Amazon: If you have items with packaging or UPC barcodes, Amazon is probably the easiest choice. I’m talking about things like books, CDs, DVDs, and new-in-box items. Amazon is the best because you can simply type in the UPC number, set a price, and your item is listed. you could post to RV Lots For Rent. If you rent your driveway for an RV, you can expect to receive several hundred dollars per month! Not a bad way to earn money for doing nothing.
3. Rent Your Car & Stuff
Maybe you don’t have a lot of space to rent out, and maybe you don’t want to sell your stuff. But there is a third option that is a pretty crazy way to make $20,000 – rent your stuff.
- Rent Your Car: If you’re not using your car (or maybe you have an “extra” car?), then you might consider renting it out. We first reviewed Turo a year ago, and since then, it’s grown tremendously. This is a website that lets you list your car for rent, and then connects renters to you who might be interested. Turo claims that you can make $1,000 renting your car, but even if you make less, it’s still a great way to boost your income.
- Rent Your Stuff: If you have “stuff” around the house that you think others might like, you can rent it! For example, electronics, tools, lawn and garden stuff, and more can all be rented online. Our favorite sites that you can list your items for rent are Loanables and RentNotBuy. You can also list items for rent on Craigslist as well.
- Rent Your Clothes: If you specifically have items your want to rent in your closet, you can use a site like StyleLend to lend your clothes. Maybe you have a fun cocktail dress or a suit that doesn’t fit anymore? These are the perfect clothing items to rent out to others who may need them but don’t want to buy them. And you can make a little money doing it as well.
4. Start Partnering With Lyft
Don’t want to rent your car, but you still want to put it to use? Consider driving for Lyft to make that magical $833 per month. It’s pretty easy to get started with Lyft – you just need to be 21 or older, have a 4 door car, and have a valid drivers license. There may be more specific requirements for your location.
Once you get started, you can expect to earn around $19/hr according to the website Aliva. If you’re trying to hit your goal of about $833 per month, that means you need to drive 44 hours per month to make it. That’s only 11 hours per week – not a bad “crazy way to earn $20,000” if you ask me. If you want to learn more about how to make the most money possible driving for Lyft, check out this course called Maximum Ridesharing Profits. You will learn how to
become a master rideshare driver and make the most money possible in the least amount of time.
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5. Gameshows, Sweepstakes, And More
You can’t win if you never play. And there is potentially big money in entering sweepstakes, gameshows, and more. But too many people dismiss this as a fools errand. Well, the great thing about trying to enter as many sweepstakes and contests as possible is… it really only takes your time.
First, let’s talk about gameshows. You know, shows like The Price Is Right, or the new one called The Wall. What a lot of people don’t realize is you can have a pretty good chance of getting on these shows – simply because a lot of people don’t try. Here’s a great article about a strategy to almost guarantee you a spot on the show. And you can win substantial prizes – if you make it to the end, you could walk away with $20,000 or more! Definitely not something to scoff at.
But okay, maybe you don’t think you have a chance to get on a game show. But, you do have some spare time at night and would enter sweepstakes. (Important note: contests require you to do an action that can be judged, but sweepstakes just require you to fill out an entry form).
Sweepstakes can be a great way to potentially make money – there are some sweepstakes that give away huge amounts (we gave away a $500 Amazon gift card at Christmas). But where do you find these giveaways? Here’s
a list of our favorite sites to look at:
- Sweeties Sweeps
- Contest Girl
- Online Sweepstakes
- Giveaway Promote
- Sweepstakes Advantage
- Win Prizes Online
- Reddit Giveaways
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Daily Investing 101 