News Reality

3 Opportunities to Turn Skills and Spare Time into Extra Money

by www.huffingtonpost.com
Image Source: FieldEngineer I have yet to meet someone that would refuse extra money. Whether it's a raise at work, lottery winnings or a $100 bill laying on the side of the road. But, it's hard to control those things. Sure, you could work harder at your job, play the lottery and go on more walks. But, there's another path that Robert Kiyosaki, author of bestselling Rich Dad, Poor Dad is fond of pointing out: "The only difference between a rich and poor person is how they use their time." It's entirely possible to pick up some extra work outside of your regular working hours. And, if you feel inspired and prepared to take a giant leap, you could leave the 9-5 environment all-together. Focusing your life on multiple revenue streams is really about steering yourself towards long-term financial freedom. But, let's start with some baby-steps. 1. Skilled Hourly and Fixed-Price Contracts If you've sacrificed time and money to earn an education, the knowledge in your head could be worth some serious money. To understand how the gig economy is impacting professionals, I reached out to an expert in the industry. Kaushik Bhaumik, the CTO of Field Engineer, a platform for telecom engineers to find gigs, shared with me that, "...the Uber phenomenon has already allowed relatively unskilled labor (taxi drivers, dog walkers, babysitters, etc.) to cash-in on the gig economy and earn money in their spare time. The revolution that's taking place now is centered around empowering skilled professionals to offer their specialized services to niche markets on a contract basis. It's not about the size of the market, but the sophistication of the projects." Skilled labor and professionals are beginning to enjoy the fruits of their education outside of their 9-5 jobs by utilizing specialized sites that match specific employers with contractors to service their technical needs. 2. Crafting Your Own Opportunity Of course, you don't need an industry certification or an MBA to generate new revenue streams in your life. In fact, the arts and crafts that you spend time creating with your kids could be a big business opportunity. Sites like Etsy and Handmade at Amazon provide an outlet for your creativity. Sure, you might not be able to command the rate of a professional right off the bat, but you can build up a catalog that sells through and provides a solid income. And, it turns out, if you have a flare for branding and marketing, you could clear six-figures by offering your homemade creations online. 3. Keep an Eye out for Problems in Your Local Community "Don't find a fault, find a remedy. Anybody can complain." -Henry Ford Don't just take time away from your friends and family in order to make money. You can think bigger than that. Look around your community. The people you interact with, the situations you encounter are all opportunities to think better, do more and act more efficiently. If you can identify problems that the people around you are facing (whether they realize it or not), and then create solutions, you'll eventually find the right opportunity for your next business venture. Remember, businesses don't have to be huge. They just need to be profitable. Squatty Potty, a legendary startup featured on Shark Tank, was actually founded by a son whose mother was constipated. He delved into the research to find a solution. As a result of his quest, as highlighted by Inc.com, he "...helped create a special tool designed to fit around a Western toilet...[giving his mother] almost instant relief." The simple solution to his mother's difficulty relieving herself has become a multi-million-dollar business that's helped hundreds of thousands suffering from constipation. If you're willing to break out of your comfort zone, disrupt your normal daily routine, and chase opportunity, it's possible to generate a serious side-income. Depending on your personal bandwidth, you could launch an entire line of crafty items for sale online. Or, you could cash in on your education and professional experience to complete odd-jobs in your area. And, if you figure out a solution to a problem you or someone else is experiencing, you can monetize it and create a serious business. Only you can shape your family's future. Will you continue to struggle paycheck to paycheck, or can you break the cycle? Converting free-time into new revenue streams is the best way to change your family's life for the better. Are you in?

-- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.


Read Full Article On www.huffingtonpost.com
Latest
The UK will have to play by international rules after it exits the EU, limiting its ability to use tax breaks to woo investors, said Finance Minister Michael Noonan.
Irish investors have been warned off from increasing their bets on overvalued Irish and global shares because the risks posed by President Donald Trump cutting US corporation taxes and by Brexit-drive
The investors and executives who throng Davos every January are many things. However above all, they’re rich. And they’re starting to see plenty of opportunities to stay that way under Don
The EU’s ethics watchdog led by Emily O’Reilly has opened an inquiry into the participation of ECB president Mario Draghi and senior ECB officials in the work of an exclusive group that in
Private landlords’ group the Irish Property Owners Association (IPOA) has been reprimanded by the competition regulator over a press release and a meeting where it discussed levying new charges
The firm behind the business that was victim to a “very sophisticated cyber attack” in 2013 is to maintain its presence here, but with a reduced workforce.
The Corrs have started to enjoy the fruits of their 2015 comeback with the cashpile at their music firm climbing to over €310,000.
Wall Street analysts are predicting Starbucks could finally surpass McDonald’s to become the world’s most valuable restaurant chain.
West Bengal has received investment proposals worth Rs 2.35 lakh crore across sectors at the 3rd Global Bengal Business Summit held here, Chief Minister Mamata Banerjee said today. "I am glad to anno
The chorus supporting the bull taming sport Jallikattu is getting louder with people witnessing nation-wide protests on Saturday.Protests were seen in Maharashtra's capital Mumbai with people coming o
Endeavours for the attraction of donations and acquisitions of artworks destined for the National Museum of Romanian Art (MNAR) have been started for two paintings by Anton Chladek (1794-1882), classi
Tamil Nadu government has given away Rs 78.50 lakh to various sportspersons and coaches hailing from the state and who had achieved international honour. Chief Minister O Panneerselvam gave away
The Manipur government today celebrated the 45th Statehood Day at old Secretariat hall here in a function attended by Chief Minister O Ibobi Singh and other senior officials. Speaking on the occasion
He may have relinquished the India limited overs captaincy but Mahendra Singh Dhoni is still playing a proactive role in the team affairs as he today performed the leadership role, including inspectin
Two women arms smugglers and an illegal manufacturer of weapons were arrested and a six 9-mm pistols, five magazines and a live round seized by a combined team of Assam Rifles and Manipur police. The
Unlike his previous trips to Davos, Switzerland, for the World Economic Forum (WEF), Andhra Pradesh Chief Minister Chandrababu Naidu's latest visit has come under attack from the opposition parties, d
Bahujan Samaj Party (BSP) chief Mayawati on Saturday urged the Muslim voters to cast their votes in favour of her, and not in support of the ruling Samajwadi Party, in order to defeat the Bharatiya Ja
Bollywood actor Taheer Shabbir considers himself extremely lucky to be a part of Neeraj Pandey-backed "Naam Shabana" as it is a huge learning opportunity for him. The actor was last seen in "Fan" in
The Bucharest-based nightclub Bamboo, which is owned by Italian businessman Joshua Castellano, was destroyed due to a violent fire that erupted on Saturday morning. Around 100-200 people were inside t
A city-based school teacher has been booked for allegedly molesting a 14-year-old student, police said today. According to API Anil Bhawari of Rabodi police station, the teacher Anwar Khalpe was book
BEIJING (AP) — Citizens of China’s capital Beijing are expressing doubts about President Donald Trump’s ability to steer the U.S. economy and manage China-American relations. Aaron Wang,
NEW YORK (AP) — Whether it’s to plan for their future once basketball is done, promote healthy living or just to have some fun, WNBA players such as Sue Bird and Maya Moore are getting involved
A 55-year-old woman was killed in Mokhwadi village here when she tried to rescue her son who was being allegedly beaten up by a villager over a family dispute, police said today. The incident too pla
Oakbay's claims are designed to deflect from the primary issues in Finance Minister Pravin Gordhan’s court application, the National Treasury said.
Open markets and global trade have been blamed for job losses over the last decade, but global CEOs say the real culprits are machines
An excise inspector in Kadapa district was caught while she was allegedly taking a bribe of Rs 54,000 amount from a businessman, Anti-Corruption Bureau (ACB) officials said today. Excise inspector A
A Junior Engineer in Assam's Nagaon district was allegedly made to apologise by touching the feet of a BJP MLA for removing the legislator's car blocking the road to the office, a BDO official said.
India pacer Bhuvneshwar Kumar today credited the Indian Premier League for his transformation as a death bowler and said the team would play without pressure as it aims for a clean sweep against Engla
Prime Minister Narendra Modi today wished the people of the Northeastern states of Manipur, Meghalaya and Tripura on their 'statehood day' and hoped they continue to achieve heights in all-round devel
Prices of select edible oils recovered at the wholesale oil and oilseeds market during the week, driven by pick up in demand from vanaspati millers and retailers in view of ongoing wedding season agai
England wicket-keeper batsman Jonny Bairstow has replaced the injured Alex Hales in the squad for the three T20 Internationals to be played against India from January 26. Hales fractured his righ
A team of central government officials arrived here today to assess the drought situation in Tamil Nadu following a plea by the state government. The team is expected to visit drought-hit areas and d
The series in their grasp along with a distinct psychological edge, India would be aiming for a clean-sweep to dent England's confidence a bit more in their final ODI outing before the Champions Troph

Recent News

Suspect in murder of "Lambada" singer arrested in Brazil

Brazilian police have detained three men in what has been described as a robbery gone awry, Report informs citing foreign media.
Read Full Article

Ministry of Taxes gives extra 3 days to taxpayers for submission of tax returns

Ministry of Taxes has given an extra 3 days to taxpayers in order to submit declaration.
Read Full Article

Lucic-Baroni, Brady Take Different Paths to Success at Slams

For both the veteran, Mirjana Lucic-Baroni, and the newcomer, Jennifer Brady, it's a completely unexpected position to be in: Playing for a spot in the quarterfinals of the Australian Open
Read Full Article

Trump to eliminate Obama's climate action plan, reveals White House website

It claimed that lifting these restrictions will greatly help American workers
Read Full Article

Indian citizen convicted of citizenship fraud in US

He had sexually abused a child & did not disclose his crime during the application process
Read Full Article

Violence, protests mar Donald Trump's inauguration; 217 arrested

In Seattle, people threw bricks at officers during demonstration at University of Washington campus
Read Full Article

Toshiba prepares for sale of stake in chip business

The industrial conglomerate has distributed non-disclosure agreement forms to various funds
Read Full Article

Vietnam to allow locals in casinos under 3-year test project

Vietnamese gamblers will soon be allowed into local casinos under a three-year pilot project.
Read Full Article

Rescue teams pull 2 bodies from Iran building rubble

Rescuers found the bodies of two firefighters in the rubble of a commercial building that collapsed in Tehran after a blaze, leaving up to 30 dead, Iran’s state TV reported Saturday.
Read Full Article

Popular Finance

16 killed as bus carrying students crashes and burns in Italy

Police say 16 people died when a bus carrying Hungarian students returning home from France left a highway and crashed near Verona, Italy. Thirty-nine people survived.  Police Cmdr. Geralomo Lacqu
Read Full Article

Bomb blast in Pakistan market kills 18, wounds 51

A bomb exploded Saturday in a market in a northwestern tribal region of Pakistan, killing at least 18 people and wounding at least 51.  Dr. Sabir Hussain at the Parachinar main hospital said 11 cr
Read Full Article

Hot Property: Just when you thought things couldn't get any crazier

Now we have officially seen it all. The Bel-Air mansion that hit the market mid-week at $250 million is the most expensive home for sale in the U.S. Where to begin? Well, at the top of the four-le
Read Full Article
 

Mexican top officials will meet Trump administration to discuss bilateral relations next week

Mexican officials will hold meetings on January 25 and 26 with U.S. President-Elect Donald Trump's top aides in Washington, to discuss bilateral relations such as security, tra
Read Full Article

Nathan Chen dominates men's short program at U.S. figure skating championships

Hyped as the future of men's skating, Nathan Chen put the sport on notice that his time is now.  Chen dazzled and dominated as he stamped himself as a future Olympic medalist contender, connecting
Read Full Article

Boys' basketball: Birmingham unleashes 24-0 run to defeat El Camino Real

Anyone who wants to know just how good Birmingham might be when it plays at its best only needed to be in its gym on Friday night for a West Valley League game against El Camino Real. The Patriots
Read Full Article

Boys' basketball: LiAngelo Ball scores 60 points; Chino Hills winning streak reaches 55

Another game, another victory and another high-scoring performance from the unbeaten Chino Hills Huskies and senior guard LiAngelo Ball. He scored 60 points in the Huskies' 136-93 Baseline League
Read Full Article

Lakers roll past Pacers despite loss of D'Angelo Russell to knee injury

The Lakers should have installed one of those Turn-o-Matic ticket dispensers — like the ones at supermarket deli counters — outside their training room Friday night. “Now serving No. 1 … Now servi
Read Full Article

Storms delay start of Obama's post-presidential vacation

After eight years, Barack Obama had to wait a little bit longer to start his post-presidential relaxation. The plane taking the Obama family from Washington to the California desert Friday was del
Read Full Article