Frugaling

You’ve heard the phrase “if you do something you love, you’ll never work a day in your life”, right? Well, what if you could actually make that happen?

Chances are you’re probably passionate about something. Whether it’s writing, cooking, or photography, there are so many opportunities to create cash flow from your passions, especially in this digital and entrepreneurial age.

There are so many success stories about how people have turned their passions into thriving businesses that support their comfortable lifestyles. Just look at the founder of Lean Kitchen; he took his passion for meal prepping and turned it into a nationwide business.

In this article, we’ll discuss how you can turn your passion into a money-making machine. Be warned, it will take some discipline and perseverance, but it’s totally possible.

Get Really Good at It

If you want to make money from your passion, you’ll have to become really, really great at it. You must master this skill and be one of the best you know at using it. No matter what your passion is, there are always things you can learn or practice to improve it.

For example, if you love playing the guitar and want to make money one day with it, you’ll have to spend a lot of time practicing, learning new songs, and becoming an advanced player.

Identify What People Want

So now that you’ve gotten pretty good at your skill and you’re confident you could get someone to pay you for it, it’s time to identify what it is that people are actually willing to pay for. What do people want? How will your skill and passion make someone’s life better?

This involves a bit of market research and tapping into the business side of making money from your passion. Do people want to learn your skill? Then create a course. Do people want to hire you for your skill? Then become a freelancer. Do people want to purchase the product of your skill? Then start an online business or storefront.

The possibilities are truly endless in this situation.

Start as a Side Project

Don’t quit your day job immediately after finding a way to make money from your passion. It’s good to dream big, but it’s also important to start small. You don’t want it to be stressful; you want to keep it fun and actually enjoy working on this project and your passion.

Over time, you’ll start to make more money from your passion the more you learn about what people want, how to market yourself, and really find your niche in the industry. This could take a couple of months or a couple of years. No matter how long it takes, remember to keep pushing and persevere through the challenges – because there definitely will be challenges.

Eventually, you may be able to leave your full-time job and pursue your passion project. In the meantime, stay patient and watch your project grow so you can start making money.

Even with all of the available options for funding your child’s education, you might still want to help them pay for it. And while starting a savings account when they are born is highly recommended, not everyone is able to do so. Whether your child is getting ready to head off to college or just entering kindergarten, there are ways to earn money for their tuition. Read on to learn some of the best side hustles to pay for your child’s education.

Drive for Uber

This is a great way to start side hustling quickly, you can sign up right from your smartphone. Depending on where you live, driving Uber is a great way to make extra money. In fact, in busy urban areas, some drivers have made Uber their full-time job. If you already work a 9-to-5, you can always drive on weekends to earn some extra cash.

Start an Online Business

The digital age is here to stay, so there’s no reason not to make the most of it. Online businesses are another way to make money without ever having to leave home. You can build an online store on Shopify and sell print-on-demand items, or you can try your hand at dropshipping. There are plenty of local manufacturers in the USA, so your customers won’t have to deal with shipping delays.

If you have a certain skillset, you can market yourself and sell courses as well. Teachable and SkillShare allow you to upload courses in your targeted niche. This type of passive income is the perfect complement to any loans you may receive. If you do choose to get a loan, you should look into a low-interest Private Parent Loan. They’re usually more affordable in the long run and won’t affect your child’s credit.

Dog Walking

If you love all things dogs, you can sign up to walk other people’s dogs. You can work on the weekends or whenever you schedule permits. Depending on the company, dog walkers can earn $15 to $20 an hour.

Social Media Management

Running someone else’s social media is another great side gig. Look around your area for small businesses that would benefit from a social media presence. Put together a small portfolio that demonstrates your knowledge, stats and visuals as well. You can even use your own accounts as examples. Pitch the idea and explain how your services can help boost their visibility and eventually increase their profits. You might be surprised how many local businesses are looking for help.

Pet Sitting

Similar to dog walking, there’s a lot of people who need someone to watch their pet. In addition to family and friends, there’s also plenty of companies who are always looking for responsible pet sitters. You can screen the dogs or cats you watch to ensure that they’re a match for you and your family. If you choose to do this on your own, make sure that your clients can provide updated vaccination records prior to drop off. It’s also a good idea to do a meet and greet as well. As much as you love pets, sometimes it’s just doesn’t work out.

It’s not good to live on a tight budget. You’ll jump from paycheck to paycheck and hope that you’ll never get hit with a surprise expense that will send your finances into disarray. If you want to change things, read this:

What Can You Do?

First, if you run into an emergency expense that ruins your financial plans, you should think about applying for a personal line of credit online. A personal line of credit is an open-end credit tool that allows you to request withdrawals within your credit limit. If your request is approved, you can have those funds deposited in your bank account. Then you can manage your emergency.

This is an excellent safety net to apply for. If you think that you’ll meet all of the qualifications, you should apply today for your line of credit. You just might get approved.

The next thing that you can do is shrink your everyday expenses. This will add more wiggle room to your budget and give you some more financial security.

How Can You Shrink Your Everyday Spending?

Brew Your Coffee

Do you buy a cup of coffee or more every day? Then, you are likely spending hundreds on the habit. As an example, if you were to buy two $2.75 coffees per day, you would spend approximately $2000 on coffee by the end of the year. That final tally would grow if you bought more expensive espresso drinks like lattes or cappuccinos on a regular basis.

You don’t have to quit your coffee habit entirely. You can simply reduce costs by skipping the café and brewing your coffee at home. Get a reusable travel mug so that you can bring your coffee on your morning commute. This change will save you lots of money.

Cook Your Meals

Are you getting takeout every day? This is something that you should try to change. Learn some budget-friendly dinner recipes that you can whip up on your laziest days, and stack your pantry with snacks that you can pack in your bag whenever you leave the house. You won’t be as tempted to spend money on takeout when you have delicious food on hand.

Use Coupons

Using printable couponing websites can help you find deals and discounts when you’re out shopping. If you’re shopping online, you can use browser extensions like Honey and Rakuten to find savings for you.

It’s important that you only use these coupons and browser extensions to get items that you actually need. It’s not a deal if you wouldn’t buy it in the first place.

Cut Bad Habits

Smoking cigarettes is a vice that can put a strain on your wallet. If you bought a $6 pack of cigarettes every day, you would lose over $2000 by the end of the year. By quitting the habit, you could automatically put that money back in your pocket.

Drinking alcohol is another habit that you should rethink. You might be surprised to learn how much your drinking habit is costing you — you might be spending more on alcohol than on cigarettes by the end of the year. Limiting the amount you drink — or quitting entirely — can help you save thousands of dollars.

Small changes can make a big difference with your budget. Follow these tips and get more savings fast!