This is a collaborative post.
As the economy begins to recover after the unprecedented impact of COVID-19, millions of people are looking for viable ways to boost their income. Fortunately, there are numerous ways you can increase your earnings and you don’t even need to leave the house! With these four innovative ways to make money from home in 2021, you can generate extra revenue and achieve your financial goals.
Become a Freelancer
The gig economy makes it easier than ever to work from home and earn an impressive salary. Being a freelancer gives you the freedom to work the hours you choose, so it’s the ideal way to fit your career around family commitments. Furthermore, you can accept projects that are most interesting to you or those that fit with your existing professional experience. With plenty of platforms designed to connect freelancers and clients, you shouldn’t find it difficult to pick up work either.
Generate Rental Income
Renting out some of your property can be a simple way to boost your income in 2021. While you could lease a room to a lodger, you could also make money by renting out your driveway for parking or your garage as storage space.
Alternatively, you may want to invest in a second property and rent it out in order to generate rental income and grow your capital in the long-term. With an expat buy to let mortgage, you can even make money from the at-home property market while living abroad, so it’s the ideal hands-off investment opportunity for those of you who like to get around. Whether you choose to buy residential or commercial property, the chance to start your own portfolio could be the first step towards creating significant wealth.
Find Alternative Investments
Alternative investments, such as P2P lending or cryptocurrency, are relatively high-risk but they can offer impressive returns. By setting yourself up as a lender and charging borrowers interest on P2P platforms, for example, you can use your capital to generate further income. Similarly, buying and selling digital currency can enable you to make high returns in a relatively short space of time, providing you make trades at the right time.
Use Your Property for Filming
Photographers, directors and location scouts are always looking for properties to use for filming and photoshoots. As all types of properties are required, this is something you can do if you live in a one-bed flat or sprawling, detached estate. Although the income can be sporadic, getting your home listed on the books of well-known agencies can ensure you have a steady stream of producers, directors and actors using your property for their next production.
Boost Your Income in 2021
Whether you’re looking for a new career, a long-term investment opportunity or you want to generate a second income, making money from home is flexible and convenient. When you can boost your household earnings with minimal or moderate effort, you can transform your financial situation and achieve your economic goals in record time.