Putting your cash to work 

There are several ways to make more money with the money you already have. Here are some ideas: 

Invest in stocks or mutual funds

Investing in the stock market can be a great way to generate passive income over time. 

Rent out a room in your home

If you have a spare room in your home, consider renting it out on Airbnb or other rental platforms. 

Start a side business

Use your skills and expertise to start a side business, whether it’s freelancing, consulting or selling products online. 

Participate in the sharing economy

Consider renting out your car on Turo or your tools and equipment on PeerRenters. 

Get a high-yield savings account

By choosing a high-yield savings account, you can earn more interest on your savings. 

Refinance your debt

If you have high-interest debt, consider refinancing to a lower interest rate to save money in the long run. 

Take advantage of rewards programs

Sign up for rewards programs on credit cards or other services to earn cash back or other rewards for everyday purchases. 

By implementing one or more of these strategies, you can make more money with the money you already have. 

• Author
• Recent Posts

Angelica Johnson

Professional Bookkeeper at Open Roads Bookkeeping

Angelica Johnson is a professional bookkeeper and owner of Open Roads Bookkeeping. She greatly enjoys helping businesses meet their full potential. Angelica has always loved numbers and spent several years as a middle and high school math teacher. She can use her love of numbers and accounting to clean and organize your books removing the stress from finances and taxes, so you can have more family time.

Latest posts by Angelica Johnson (see all)

• Creating Christmas Magic - December 10, 2024
• Holiday Harmony: Planning How to Have Peace from Halloween to New Years  - September 24, 2024
• How to Recession-Proof Your Business - September 3, 2024