January is finally here, and most of us are taking our first steps towards fulfilling our New Year’s Resolutions. Now, many of us may be focusing on health and fitness, breaking bad habits, taking our first steps on the property ladder or moving our career forwards. But for many of us, our resolutions involve finances. After the busy Christmas period, hundreds of thousands of people across the nation have found themselves in debt from gift giving and celebrating. So we want to get ourselves out of the red and back into the black. But how can we do this without having to wait for the next payday to roll around? Well, you’ll be glad to hear that there are plenty of quick money making schemes out there that will allow you to make a little extra cash on the side of our usual income. This can go towards clearing credit cards, paying off finance plans, and generally helping us to get back into a more comfortable financial position. Here are a few for you to consider!
It’s surprising how few people seem to have heard of day trading. Especially considering it pays out so quickly! This really is one of the fastest ways to make a profit. So what actually is it? Well, day trading is defined as the buying and selling of a security in a single working day. While it can take place in any marketplace, foreign exchange markets and stock markets tend to be the most popular spaces for this kind of activity to take place. Now, if you look for “day trading” in any online search engine, you’ll come across pages of controversies and complicated anecdotes. This is because scam artists have recently capitalised on people’s lack of knowledge in the area by promising that they will make a fortune in turnovers in no time. Don’t buy into this. After all, if it sounds too good to be true then it probably is. When participating in day trading, you’re not going to earn enough to put a deposit down on a property, book an extended vacation and pay the kids through college within a single day. But you can make some relatively substantial returns! You just have to go into it with more of a realistic mindset. So, if you fancy getting started, take a look at investormint.com. Their article on the best online trading platforms will prove extremely beneficial as you get started out!
Participate in Paid Market Research
Sure, taking part in market research doesn’t tend to pay out big bucks each time. But if you complete a few different activities (such as surveys, focus groups, and interviews), the cash will mount up pretty quickly. Retail companies tend to do a lot of this type of work as the new year begins, as sales will lull after the big festive splurge and they will want to launch new products to get consumers spending again following the January sales. Look out for market research agencies and get your contact details on their books!
When it comes to clearing your debts, or stabilizing your finances, remember that things may take a little time and patience. But there are a few activities out there that will help you along the way!