4 Tips for Making More Money Outside of Work

Since the recession, our economy has improved in some ways but not in others.  More people are now employed, but wages collectively have stayed the same or fallen in many locations, expanding the divide between rich and poor.  While that is bad news for everyone, for professional women, there is an additional problem—the wage gap, which AAUW reported in 2015 held at 20%.  

AAUW estimates that if the rate of change between 1960 and 2015 extends into the future, women might achieve equal pay in … 2152.  

While that does not mean we should not continue to fight for equality in the workplace, it also means that realistically, we need to look for clever alternatives to traditional wages to increase our incomes.  We need to stop waiting around for our bosses to change our lives, and instead explore avenues outside of hourly wages or annual salaries.

If you are looking for a way to make more money now, here are some ideas.

1. Budget your money and reduce your expenses

You know that old bromide that “a penny saved is a penny earned?”  It is as true today as ever.  For every penny that you spend, before you can add to your savings, you need to first recoup that cost.  That means you have to make two pennies in order to add one to your savings.

So the very first thing you should do to add to your income is to look into opportunities to cut your expenses.  You can begin by keeping a monthly budget.  Keep careful track of both your expenses (including taxes) and your income, and review it at least once a month to find out where your hard-earned money is going.

While there are some bills which are impossible to reduce, there are many which you may be able to trim down.  Hand wash more of your clothes or use the cold cycle when you can.  Switch from central heating to a space heater.  Cook casseroles and soups that last for days instead of eating out.  

2. Invest online

One great opportunity to make more money nowadays is to invest online in stocks, currencies, commodities, or other financial assets.  The best online brokerages nowadays have very low minimum thresholds for deposits and investments, allowing you to start investing on a shoestring.

This is not to say that investing online is easy money—becoming a profitable trader is a second job in itself.  But if you are willing to put in the time and the hard work, the sky is the limit.  You have the opportunity to add exponential gains to your earnings—something that will never be possible at any day job.

3. Start freelancing

Speaking of second jobs, another idea is to try freelancing.  Once again, it would be deceptive to say that this is easy, but there really are a lot more opportunities out there than you may realize.  If there is something you are good at, there is probably someone who needs that skill.  Since the recession, there has been a major shift away from full-time employment toward contract work, and that is something you can capitalize on.  Even if you just find and take on a couple of freelance gigs a month, that is valuable money to add to your savings.  

4. Look for a way to make passive income

Trying to juggle more than one job isn’t easy, so while you are investigating freelancing possibilities, you might also want to check into some ways to earn passive income.

Some people think of investing as passive income, but in reality, making smart investment decisions requires a good deal of time and work, at least if you want to be consistently profitable.

Still, there are many different ways you can earn passive income.  You can create an authoritative website—which does require some level of ongoing time and energy, but affords you some passive payoff as well—or you can create and upload designs to websites like Café Press or Zazzle.  

No matter what approach you take to increasing your income, the most important thing is to go in with perspective.  If you have unrealistic expectations of overnight success, you will be disappointed, and will probably end up giving up.  But if you are willing to deal with the extra workload, you may very well be able to close the wage gap and start saving up for retirement through your own ingenuity and determination.  

photo credit: ccPixs.com Vintage Grow Your Money via photopin (license)


  1. The following time I read a blog, I hope that it doesnt disappoint me as a lot as this one. I imply, I do know it was my choice to learn, however I truly thought youd have one thing interesting to say. All I hear is a bunch of whining about one thing that you might repair if you happen to werent too busy in search of attention.

  2. After research a number of of the blog posts in your website now, and I actually like your method of blogging. I bookmarked it to my bookmark web site listing and can be checking back soon. Pls take a look at my web site as well and let me know what you think.

  3. Good day! This is kind of off topic but I need some advice from an established blog. Is it very hard to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about setting up my own but I’m not sure where to begin. Do you have any tips or suggestions? With thanks

  4. Hi! I know this is somewhat off topic but I was wondering if you knew where I could get a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having problems finding one? Thanks a lot!

  5. Thanks for your write-up. One other thing is that often individual states in the United states of america have their own personal laws of which affect people, which makes it very, very hard for the Congress to come up with a new set of recommendations concerning home foreclosure on property owners. The problem is that each state possesses own laws and regulations which may work in an unfavorable manner with regards to foreclosure plans.

  6. It’s a pity you don’t have a donate button! I’d definitely donate to this brilliant blog! I suppose for now i’ll settle for bookmarking and adding your RSS feed to my Google account. I look forward to fresh updates and will talk about this site with my Facebook group. Talk soon!

  7. I like the valuable info you provide in your articles. I’ll bookmark your weblog and take a look at once more right here regularly. I am rather sure I will be told lots of new stuff right here! Best of luck for the following!

  8. hey there and thank you for your information – I have certainly picked up something new from right here. I did however expertise some technical points using this website, since I experienced to reload the web site lots of times previous to I could get it to load properly. I had been wondering if your hosting is OK? Not that I’m complaining, but slow loading instances times will sometimes affect your placement in google and can damage your high quality score if advertising and marketing with Adwords. Well I’m adding this RSS to my e-mail and could look out for a lot more of your respective exciting content. Make sure you update this again very soon..

  9. Many thanks for this article. I will also like to say that it can end up being hard when you are in school and just starting out to initiate a long credit standing. There are many college students who are simply trying to survive and have a protracted or good credit history can occasionally be a difficult matter to have.

  10. Hi! This is my 1st comment here so I just wanted to give a quick shout out and tell you I really enjoy reading through your articles. Can you recommend any other blogs/websites/forums that go over the same topics? Thanks!

  11. Hiya, I’m really glad I’ve found this info. Today bloggers publish just about gossip and web stuff and this is actually irritating. A good blog with interesting content, this is what I need. Thank you for making this website, and I will be visiting again. Do you do newsletters? I Can not find it.

  12. Thanks alot : ) for your post. I’d prefer to write my opinion that the price of car insurance varies greatly from one scheme to another, simply because there are so many different facets which play a role in the overall cost. For instance, the model and make of the auto will have a huge bearing on the purchase price. A reliable aged family auto will have a more affordable premium over a flashy expensive car.

  13. I discovered your weblog web site on google and verify a number of of your early posts. Proceed to maintain up the excellent operate. I simply extra up your RSS feed to my MSN Information Reader. Searching for ahead to studying more from you afterward!…

  14. Hello there! This is kind of off topic but I need some guidance from an established blog. Is it very hard to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about setting up my own but I’m not sure where to start. Do you have any ideas or suggestions? With thanks

  15. When I originally commented I clicked the -Notify me when new feedback are added- checkbox and now every time a comment is added I get four emails with the identical comment. Is there any means you may take away me from that service? Thanks!

  16. One other important issue is that if you are a senior, travel insurance intended for pensioners is something you ought to really take into consideration. The more aged you are, the greater at risk you might be for allowing something poor happen to you while in another country. If you are certainly not covered by quite a few comprehensive insurance cover, you could have a number of serious problems. Thanks for giving your good tips on this blog site.

  17. Wow! This could be one of the most useful blogs we have ever come across on thesubject. Actually fantastic article! I am also an expert in this topic therefore I can understand your hard work.

  18. Howdy! I know this is somewhat off topic but I was wondering which blog platform are you using for this site? I’m getting sick and tired of WordPress because I’ve had issues with hackers and I’m looking at alternatives for another platform. I would be great if you could point me in the direction of a good platform.

  19. Hi, Neat post. There is a problem with your website in internet explorer, would check this… IE still is the market leader and a large portion of people will miss your great writing due to this problem.

  20. I keep listening to the reports speak about receiving boundless online grant applications so I have been looking around for the top site to get one. Could you advise me please, where could i get some?


Please enter your comment!
Please enter your name here