7 Ways to Make Money for the Vacation of your Dreams

Submitted by ConsumerFu on Tue, 02/18/2014 – 06:01

  1. Rent out a room in your house on Airbnb, or even rent the whole place and stay elsewhere. Using Airbnb, you can charge premium rates that make it worth your while. Indeed, a full time Airbnb in a desirable neighbourhood and easily cover a mortgage repayment.

  2. Use discount apps like VoucherCloud when eating out, as these can save real money.

  3. Become an UberX taxi driver. Using Uber, anyone can become a taxi driver for an afternoon, as long as you have a car and a smart phone. During busy times, you can make up to $40 an hour. Look out for when it’s raining, Saturday nights or rush hour- as the more demand there is, the more you get paid.

  4. If you’re feeling lucky, well you can try your hand at the casino. Sites like CaesarsCasino let you play free online slots games; you have to be in it to win it!

  5. If you have spare cash, pay off all debts. It’s a bad idea to have cash sitting around while simultaneously paying interest elsewhere, but astonishingly people can sometimes have many thousands sat in a bank account while paying interest on their mortgage or credit cards.

  6. If you still have spare cash, the wisest thing to do is to invest your money in an index tracking fund. This tracks the value of the S&P500 (or whichever index you choose), so if it rises 10%, you make 10%. On average, the markets rise 7% per year, although in the short term they will fluctuate.

  7. Get a part time job. It’s possible to find a lot of work online that can even be done at home, including translation, writing, admin or basic graphics work. If you have specific skills, there’s a good chance you can find very well paying jobs online. Sites like Odesk, Elance and Craigslist can be a great help.