Can’t Afford To Travel? Income Ideas To Help Fund Your Trip
Travelling the world can be expensive. Whatever your travel plans are, they are likely to cost money. Finding a good source of additional income to fund your travels can take the worry out of paying for flights, accommodation, and meals. You will probably already have a source of income, but when you want to save for an expensive trip, having an additional income can help significantly. In addition to this, some of the ideas highlighted in this article will allow you to continue to earn while you travel!
Rent Out Your Spare Space
If you own a property and have spare rooms, hiring them out can generate substantial income for you. There are many sites online that allow you to advertise your spare rooms to travellers or holidaymakers. Although you can rent your rooms out to long term tenants, it’s usually more profitable to rent to short stay travellers or holidaymakers. If you wanted to continue generating income from your property while you are away on your travels, then long term tenants are generally a better option. Renting out spare rooms to short term tenants can require a lot more work and management, this is slightly more difficult if you’re not in the country.
Hire Out Your Possessions
Many aren’t aware that you can actually make money from hiring out your possessions to others. Generally these are short term hires, ranging from one day to a month. A quick web search will provide you with a number of sites that will allow you to list your stuff for hire. The best items to hire out are musical instruments, film and photography equipment, drones, vehicles, and bicycles. If you own anything that could be of use to someone else, particularly those in creative industries, then you could make a decent sum of money by renting it out. Most people that hire equipment from others are creative individuals working on a project.
Become A Virtual Assistant
Many businesses are now turning to virtual assistants to manage their business needs, and save money. A virtual assistant usually works from home and takes on a customer relations role representing a specific company. Virtual assistants can be asked to operate live chats for a business, respond to emails, or answer phone calls. The good thing about becoming a virtual assistant is the flexibility of it. Many companies only require you to have a laptop and a headset, this means you can work anywhere in the world. The hours you work are also fairly flexible, some companies may require you to commit to a certain number of hours per week but this usually isn’t a lot.
Try Online Trading
Trading stocks and betting on the stock market is gaining in popularity. Although this is a risky business, it can be a good way to make some extra money. Most trading sites only require you to have access to a computer or mobile device to start trading. This option isn’t recommended to those that have nothing to invest. You will need some money to start trading, and profits from trades aren’t guaranteed. You can learn more about trading stocks online with CMC Markets.
Become An Online Tutor
There are many opportunities online that allow you to teach students a variety of subjects via webcam. Generally all that is required from you is access to a webcam in a quiet environment, and sometimes a minimum commitment to hours that you will work. If you decide to work for a company that teaches English to foreign students, you will usually require a TEFL certificate and be able to commit to a certain number of hours per week. Gaining a TEFL certificate is fairly easy and you can usually enrol on a TEFL course without spending too much.
If you don’t fancy teaching English, then you could become a private tutor in any area of expertise that you may have. For example, some people choose to teach guitar or other musical instruments to students via webcam. Others offer additional support to those studying specialist degrees. A simple online search should provide you with a number of online teaching opportunities.