If you want to learn new ways to make money in 2020, then you’ve come to right place! Learning how to make extra income has completely changed my life for the better, and with the things I’ll talk about today, you can find several ways to make money that will work for you.
Learning how to make money on the side of my day job helped me pay off $38,000 in student loans within 7 months. I eventually turned my side hustle into a full-time job (blogging!), and I can now travel full-time, pursue my passions, and more!
On Making Sense of Cents, I talk a lot about different ways to make money on the side because I believe that earning extra income can completely change your life. You can stop living paycheck to paycheck, you can pay off your debt, reach your retirement earlier, and more.
Making extra income is the best way to start paying off your debt, put more towards savings, and work towards financial independence.
As you can tell, I am a big believer that learning new ways to make money can completely change your future for the better.
The crazy thing is that before I learned how to make money through my blog, the idea never even crossed my mind! I didn’t realize side hustles and side businesses were even a thing people did. Actually, when I started my blog, I had no idea that blogs could even make money. Now I wish I had gotten started even sooner.
One of the best parts of blogging and learning new ways to make money is that I can share what I’ve learned with all of you. I also love hearing from people who are making money on the side so that they can pay off debt, reach retirement, and more. I’ll be sharing some of their tips and stories here as well.
Finding extra ways to make money can change your life in some really great ways, such as helping you with:
Paying off your debt.
Saving up for big purchases, such as a vacation.
Getting out of a paycheck to paycheck lifestyle.
Retiring earlier than you had originally planned.
Realizing that your job isn’t the only option out there, especially if you are currently feeling stuck.
Help you to become more diversified with the way that you make money, which will protect you in the future, and more.
Making extra money doesn’t have to consume all of your extra time either. You can find new ways to make money with just one extra hour a week. Or, if you are willing to work 40 to 50 hours a week on top of your full-time job, there are even more options when it comes to earning extra money.
You can make money online, by creating a side business, with a part-time job, selling your stuff, earning more at your current job, and more!
Related posts on how to make money on the side:
Here are 80 ways to make money on the side in 2020:
Making money online.
Some people may be skeptical when thinking of ways to make money online, but there are many legitimate online jobs and business ideas where you can earn a full-time living, or at least a side income. Yes, real work from home jobs do exist, and more and more people are doing it these days. Did you know that nearly 4 million Americans now work online? These aren’t just remote jobs either, as many are freelancing online, running their own businesses, and more.
I love being able to earn a living online, and it allows me to be location independent and/or work from home. Learning to make money online is how I was able to quit my day job, sell our house, and travel full-time on a sailboat.
So, if you are interested in learning ways to make money online, start here.
Create a side business (or a full-time one!) in 2020.
Creating a side business is one of the best ways to make money in 2020, and it may even lead to a full-time career. While many people start these businesses on the side of their regular job, most of the people who’s interviews I share in this list have been able to turn their side jobs into full-time businesses.
Ways to make money on the side with a part-time job.
If you’re looking for something a little more permanent than a side hustle, a part-time job might be one of the best ways to make money on the side. There are many part-time jobs that will work with your full-time job’s schedule. You can find a job on sites such as Snagajob, Craigslist (yes, I’ve found a legitimate job through there before), Monster, and so on.
Deliver RVs to dealerships – RVs are huge, and the majority of the time they can’t be transported by semi-trucks because of their size. Due to that, someone has to drive them from the manufacturer to the RV dealership. We met a couple who did this for a living, and they both loved what they did. They were able to travel a lot, earn a living, and got to see new RVs all the time. To make extra income doing this, you can contact transport companies in your area, RV manufacturers, RV dealerships, and more.
Find a part-time seasonal job – If you have a job that gives you the summers off (or whatever season), then finding a part-time seasonal job might be one of the ways to make money while filling your time off. Some of the seasonal, part-time job options are listed below.
Bartend – If you have bartending experience, then you may be able to find a bartending job at a bar, restaurant, catering company, and more. Since the hours for this are usually later at night and on the weekends, you will probably be able to find a bartending job that works well with a regular 9-5 job schedule.
Work at a restaurant – You could be a host, wait tables, bus tables, and so on. You may even get to eat delicious food and receive a discount when dining out at the restaurant you work at.
Substitute teach – I know quite a few people who substitute teach both part-time and full-time and love it. Sometimes the schedule can be tricky as you may be called at the last moment, but other times you may secure a long-term position. In some places, substitute teaching can pay around $100 per day.
Teach during summer school – If you are a teacher, then spending part of your summer teaching summer school is a great way to make extra money. My brother-in-law is a teacher and he earns around $3,000 for just three weeks of work, and it isn’t even full days! He and his wife use that money to fund their summer vacations.
Work at a hotel, motel, hostel, resort, etc. – There are many jobs in the hospitality industry. If you love meeting new people who are visiting your area, this can be one of the great ways to make money. When we were RVing, we met several RVers who make money at RV parks and campgrounds while they full-time RV.
Work at a retail store – I worked in retail for over five years, made lifelong friends, and I was able to make an okay income to live off of. Plus, you can usually receive a good discount when working in retail.
Lifeguard – You could lifeguard at a community pool, a private pool, a water park, and so on. You don’t have to be a teenager to lifeguard either!
Deliver newspapers – Delivering newspapers can be a good way to make some side money. You may have to wake up early, but maybe those are the hours you are looking for.
Run errands for others – Being someone’s assistant can be an interesting way to make money. Someone may pay you to do their laundry, clean their home, pick up their food, answer phone calls, and more.
Related content: 18 Of The Best Ways To Make Extra Money For The Holidays
Sell your stuff to make money.
There are many ways to make money by selling items. We all have things around our homes that can be sold instead of collecting dust, or you can even search for items that can be bought and resold for a profit. Or, if you are trying to live a minimalist lifestyle, then knowing that you can make money selling your things might be the motivation you need to get started. If you want to learn how to make money on the side by selling your stuff, then continue reading below.
Related post: 8 Things To Sell To Make Money
Flip items – Melissa’s family was able to make $42,875 in one year through buying and flipping items for sale, and they were only working about 10-20 hours per week. Learn more in How Melissa Made $40,000 In One Year Flipping Items .
Sell/donate blood, plasma, eggs, etc. – Yup, all of these can be sold for a price, and you can definitely make extra money by doing so. Women can earn anywhere from a few thousand dollars to $10,000 or more for their eggs, depending on their characteristics. Egg donors are typically under the age of 30 and healthy. African American women and Asian American women usually earn the most money as there is a larger need for their eggs. This is not easy money, though. There are a number of doctor visits, and extracting the eggs requires a medical procedure. For sperm, the average donation pays anywhere from $50 to $100. It can be quite easy to donate, and some men donate as often as 2-3 times each week.
Sell items on eBay – Whether you have old clothes you want to sell, a car, electronics, and so on, eBay can be a great way to sell many different types of items. eBay also has a worldwide reach, which can be great if the market in your area isn’t large enough. I know many people who use this as one of the ways to make money online, and it’s very easy to get started.
Sell items on Craigslist – Craigslist has gotten a bad rap in the past, but I have always had great success when I have bought or sold things through them. Craigslist can be a great way to sell your items, while often earning a higher value for them too. However, be safe, because you will have to meet with strangers to complete the transactions.
Sell things on Facebook Marketplace – Facebook is a great place to sell your items to make extra money. You can find buyers in your area, but for larger items, like cars and furniture, buyers are often willing to travel. Plus, because you are probably already on Facebook, it can be one of the easier ways to make money online.
Sell to second hand stores – There are many second hand stores out there that will take your clothing and shoes. Stores like Plato’s Closet, Hut No. 8, and Buffalo Exchange will pay you upfront for on-trend young adult clothing, and they take all of the legwork out of selling items, which is nice. There are also second hand stores for designer items, women’s clothing, children’s items, and more. Some pay upfront, whereas others may not pay you until after the item has sold.
Sell on Etsy – Etsy is a great place to sell handmade items, vintage finds, and craft supplies. If you are a crafty person, definitely check out this website if you are looking for ways to make money in 2020.
Sell your gift cards – If you have any gift cards in your wallet that you know you won’t use, you should think about selling them. There are many, many websites out there that will pay you cash for your gift cards. Some of the websites I know of are Gift Card Granny, Cardpool, and Raise. If you have unused gift cards sitting around your house, why not sell them as one of the ways to make money?
Sell items through a garage sale – A garage sale can be an easy way to make extra money because people come straight to your house. The only downside is that you usually don’t make as much for your items as you would if you were to sell them on sites such as eBay, Craigslist, or Facebook Marketplace.
Sell your old books – Back when I was in college, I would always sell my textbooks immediately after the class was over. This helped me regain the amount that I originally paid for the book. You can sell your books online, and most university bookstores have a buyback option.
Make more money at the job you already have.
If you’re already employed and not interested in learning ways to make money through starting a side hustle, online business, or taking part-time job, then you may want to see if you can earn more at the job you already have.
Work overtime – One of the extra ways to make money at the job you already have is to see if your company will allow you to work overtime. In many cases, overtime is welcomed and you can earn a decent amount of money by doing so. Plus, what’s an extra hour or two when you’re already there?
Ask for a raise – Asking for a raise may be the best way to make extra money at your current job, as the work is the same and you most likely won’t be adding additional hours to your work week. Many people never ask for a raise, which is money that may possibly be left on the table. Over numerous years, this can add up to a significant amount of income!
Get a promotion – If a raise is not possible, then you may want to try for a promotion at your company that you know comes with a pay bump. There are sometimes when a company can only pay you so much for the job you currently have, but perhaps a promotion with different and/or additional job duties, a possible move, etc. may result in an increase in pay.
Earn bonuses – Depending on the industry and the company you work at, you may be able to earn bonuses. Bonuses often come in large chunks which makes them ideal for paying off large amounts of credit card or student loan debt. Or, you could even invest your bonus to earn even more in the long run.
Interesting ways to make money in 2020.
If you’re looking for even MORE ways to make money on the side, then this is your spot. The things I will list below often aren’t what first comes to your mind when you are trying to make extra money, so they don’t fit into any of the categories that I listed above. I honestly love interesting and creative ways to make money because it shows you that there are really so many options out there. If there is something that you do to make money that is not on this list, please share in the comments below!
Are you interested in learning new ways to make money on the side? How could learning how to make money online or any of the other ways help you with your financial goals?