I don’t know if I’ve shared this story with you or not, but Greg and I have spent the majority of our marriage in debt. At one point, with car loans, credit card debt, 0% interest, 0% down, 0% no payment for the rest of your life deals we owed around $65,000. So, you can bet that we have both had to look for ways to find extra money throughout our Kill Debt adventure.
Let me start by saying that I did try to sell one of those multi-level marketing products but was highly unsuccessful. First of all, I didn’t even like the product I was selling. Secondly, we didn’t even have the $100 to spend on the kit but I bought one anyways because that’s what you do when you’re in debt, right? Spend more money. Now that makes sense!
All of these ways to earn extra income do not require you to put any money down. Now after finding all these gems, I don’t believe in multi-level marketing. I don’t believe it helps the majority of people make money because they’re having to constantly buy product. That’s not the case in what I’m about to share with you.
#1 – Do What you Love & Teach it to Others
So, when I gave up multi-level marketing because I was staying up late, working hard every night, and making $0 I decided to put that same amount of effort into doing something I truly love – saving money and using coupons.
After years of using coupons and being a frugal shopper, I took my knowledge of coupons, and saving money at the grocery store, and wrote my own curriculum. I hosted classes and charged $10 a person. I didn’t become rich, but I did create a book on Amazon out of this adventure. Do what you love and think of how to make money doing it!
#2 – Selling on Etsy
Maybe you’re really crafty and love to make or paint things during your spare time (Ha, spare time?!? You’re a teacher…you don’t have any.) But if you truly need extra income and want to get some publicity out there for your product then sell something on Etsy.
I worked with a lady one time who loved to paint. She started selling her artwork on Etsy. I also have a cousin who loves to bake and she used to sell her products through Etsy. Plus, Etsy is free to join!!!
#3 – Taking Surveys
This is one of my favorite ways to make money! I love using I-Say. My sister-in-law introduced me to this several years ago. It is a quick way to make money and it adds up fast. You can cash in your accumulated points and purchase gift cards to be used at various places.
My husband completes surveys on his phone using the app QuickThoughts and earns money rather quickly. He can purchases items through Amazon using the points he has accrued. He has gotten a lot of free stuff.
I live in a university town and am able to take surveys through the university. This means having to go after work to complete one, but for $30 or $50 I’ll do it. I usually taste food like salsa, cantaloupe, or answer questions on a computer regarding food. You might look for something similar in your town.
#4 – Selling on Teachers Pay Teachers
Now, let me remind you that none of what I am introducing are get rich quick schemes. It’s the same with Teachers Pay Teachers. I read blogs all the time of teachers wanting to make enough money to quit their jobs and work full-time selling products on TPT. I hope that pays off for them, but from other blogs I’ve read it takes years to get to that point. In other words, don’t quit your day job.
Here I go again, but do what you love. Find your niche. People are always asking me about TPT. So, here’s my deal. Create what you love. Yes, try and find your niche, but my “niche” turned out to be products that were breaking copyright laws. So, now I just add what I want to add – something that I think will help others.
Don’t spend a lot of money. I made that mistake early on. Create GREAT, quality products. Make them no-prep if possible so the teacher has everything she will need all housed within your product. Honestly, you have to love TPT or else you will burn out quickly. The money will come – sell products to help others and because you love it!
#6 – Work Odd Jobs
I’m not a big promoter on getting a 2nd or 3rd job unless you have temporary goals that you are trying to reach. Like when our redhead shoved aquarium rocks up his nose and it was going to cost us $3,000 to have them taken out. Greg worked part-time at Pizza Hut to help pay off this amount, but the boys missed him tremendously and I was pretty much raising our two boys by myself while working full-time. Think short-term.
Now, I will tell you that I hope I’m never too prideful or think too much of myself to take out odd jobs working for others. Greg and I wanted to tackle some debt so we would look on social media or in the paper for odd jobs like raking leaves for people. This was a service that we were able to provide someone else and they were able to help us pay down our debt.
I am currently playing the piano for a church so that I can pay for grad school as I go. I only practice an hour on Wednesday nights and play for an hour on Sunday mornings. Of course I want to graduate debt-free and with the help of scholarships and this pianist job I have not had to take out a single loan.
#7 – Complete a Budget
This might sound cliche, but you may already have the money and you just don’t know it. Through our 10 years of teaching Financial Peace University people were always shocked when they would temporarily stop eating out only to find out that they made plenty of money – they were just eating away their savings. They began thinking of ways to pack lunches and eat at home.
In this video, I walk you through how to complete a budget. You might just be surprised what you will find hiding in your bank account.
I hope you can find something in this blog to help you pay down debt or earn a little extra income. Get creative and think of things you are passion about or already do and how to make income selling it. If you have another way to make money, I would love to hear about it. Thanks for sharing!