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When you have a high debt load, you may feel it is hard to stay on top of the payments, especially when the debt is spread out across various loans and credit cards. If you are looking for options to ease out your debts spread across your credit cards and loans, you can opt for debt consolidation.

Debt consolidation can either open up a world of opportunity allowing you to tackle all your debts or can put you into a lot of trouble. There are many reasons for you to be cautious about debt consolidation, but as long as you do it right and are responsible, this can be the best available option for you to reduce the debt.

What is Debt Consolidation?
Briefly, debt consolidation is taking debts from various sources, such as different credit cards and loans, and combining all of them into one. This can help manage your debt more efficiently so that you can pay what you owe with ease.

By consolidating your debts, you will have only one payment to make each month. You will have to pay only one rate of interest, and that can be fixed or variable. This will depend on how all your debts are combined. The process of debt consolidation is relatively straightforward.

The best thing about debt consolidation is it combines multiple smaller payments, each having a separate due date, interest rate, and terms, into one single payment each month, with only one due date, one rate of interest, and one term. Debt consolidation will allow you to transfer all your debts to a single lender, and based on your credit score, when you combine all your debts, you may be eligible for a lower payment and lower interest rate.

Consolidating your debt provides several benefits like single due date, comparatively lesser monthly payment, a single rate of interest, lesser stress, and a lesser number of bills each month to worry about.

Benefits of Debt Consolidation

Debt consolidation offers several benefits. Have a look at these benefits:

If you have a good credit score, you may get consolidated debt at a lower interest rate.
You can save money if you get a lower interest rate. With a lower interest rate, you will have to pay less interest, and hence you will save more.
With a single payment, you will have only one payment to make and only one due date to follow. You will not have to keep track of various payments of loans and credit cards.
With consolidation, you can get a comparatively lesser amount of combined payment.
If you are merging multiple payments using your credit cards or taking a loan, you may initially see a slight dip in your credit score, but with time, your score can slowly increase as consolidation will allow you to pay for all your debts faster. Moreover, with just one payment, your credit score may get a boost with regular payments on time every month.
Types of Debts that You can Consolidate

When you have more than one type of debt and are looking to consolidate, you might be confused about what types of debts you can add to consolidation. A consolidation can merge many different types of debt. To plan your consolidation, you need to understand the types of debts that you can merge into a single platform. The debts that can be merged are:

Credit Card Loans
Credit cards allow you to spend money conveniently. Many credit cards offer cash backs in the form of miles and reward points for your purchases. However, most credit cards offer you high-interest rates. If you pay a minimum due amount every month, you will have to pay a very high-interest rate, thus making it difficult to pay your debts.

Credit cards allow you to spend money conveniently. Many credit cards offer cash backs in the form of miles and reward points for your purchases. However, most credit cards offer you high-interest rates. If you pay a minimum due amount every month, you will have to pay a very high-interest rate, thus making it difficult to pay your debts.

Medical Debt
Medical expenses can hurt your wallet badly if you don’t have medical insurance or if it asks you to pay from your pocket. When you have unpaid medical bills, it can be huge pressure on your pocket and can disturb your finances.

However, you can merge your medical bills into a single payment to ease out the stress. If you have a huge medical debt that your insurance coverage or emergency fund can’t cover, it is advisable to add them to your debt consolidation plan.

Student Loans

handle your debt. When you have multiple loan payments that you pay every month with different due dates, you can amalgamate them into one single payment. With a single lender, you only have a single debt rule and due date. While consolidating your debt, consider choosing a lender that offers reduced interest rates.

Other Debts Eligible for Consolidation
Apart from the above-mentioned ones, you can also amalgamate other types of debt, including:

Payday loans
Retail store cards
All types of personal loans
Should I Opt for Debt Consolidation?

If you have multiple debt payments with different due dates, or if you are unable to keep track of them, or if you have credit card payments rising every month and you are unable to cope up with the rising debt, then you seriously need to consider debt consolidation.

If you really want to turn around your financial life, you should consider debt consolidation. Most credit card users have huge credit card dependencies, leading to piling up of debt each month, especially when they are unable to keep track of the payments. You can tackle this easily with a good plan.

Debt consolidation can be at your rescue as it simplifies your payments, provides you an opportunity to set your debt to an achievable goal every month, and lets you manage your finances efficiently.

Just do some research and compare the best plans available for consolidation to achieve “Single, affordable payment every month to only one lender.” If you are successful in getting this, your consolidation plan will help you ease out the stress.

What are the Ways to consolidate your Debt?

When you are ready to consolidate, you would be looking for ways to consolidate your debt. The best thing about debt consolidation is you have multiple ways to do it. With so many options available to choose from, you should consider the one that is right for you and fits your budget.

You can compare various methods of consolidation to know how they will work, how they will benefit you, and how they will affect your credit score. Here are different options that you can consider for consolidating your debt:

1. Balance Transfer

The first option you can look for is transferring debts to a single credit card. This can be the best option for you if you are able to get a card that offers low-interest-rate or at least that provides a low introductory interest rate. Balance transfer to a credit card is beneficial when there is a low transfer fee, between 2-4% of the balance.

If the card provides an introductory offer of low-interest rate, check for the duration for which it offers. In most cases, it is for 12 to 18 months. Also, you should avoid making new purchases using this card after transferring the balance. The new payments will have regular interest rates.

Balance transfer on a credit card will work best if you have a comparatively lower amount of debt that you can pay within the limits of low-interest rate duration.

2. Home Equity Line of Credit (HELOC) or Home Equity Loan

Homeowners can use home equity to secure a loan or line of credit to use for consolidating the debt. These types of loans offer low-interest rates than credit cards and other loan options available. Moreover, with a home equity loan or HELOC, you will be exchanging your bad debt with good debt.

However, you need to be extra careful while choosing this option as you will be putting your home on the line. If you are unable to pay your loans, you can even lose your most valuable asset.

Home equity loans and home equity lines of credit are different. An equity loan completely dissolves when you finish paying the interest and principal, while a line of credit can be used multiple times. As you pay the balance of your home equity line of credit, money is freed up to be borrowed again.

3. Personal Loan or Debt Consolidation Loan

Many types of loans, such as personal loans, are available for you to apply in replacing your debts into a single payment.

The most important benefit of a personal loan is that you don’t require collateral; this means you do not require putting your valuable assets on the line to secure the loan. Usually, you need to have a good credit score to get these loans, especially when you want to get a loan at a reasonable interest rate.

Another good option is to get a debt consolidation loan that you can avail from a bank or debt consolidation company.

4. Borrow from Retirement Plan or Life Insurance

If you don’t want to get an additional loan or are unable to find a new credit card with a lesser interest rate, you can also consider the option of borrowing from your life insurance policy or retirement savings.

By borrowing from retirement savings, you can take your own money to get out of the debts. Then, you can repay the amount to the plan or the policy with interest-paying to you.

These types of loans are easy to qualify for, but you may have to face penalties or taxes if you don’t pay back the amount withdrawn. Due to this, it is advised to keep this as the last option. Go for this only if you aren’t able to get the money from other methods like credit card, personal loan, or home equity loan.

You may have another option to get the required amount for debt consolidation. It is borrowing against your life insurance policy. Most insurance companies let you borrow cash up to the amount equal to the policy.

Steps to Consolidate Your Debt

After you have explored the options you can avail, you would be looking at how you can go further and get your debt consolidated.

Here are steps to follow for Debt Consolidation:

1. Check your Credit Score

Evaluate your credit score and check what options you can avail of for debt consolidation. If you have a bad credit score of around 300 to 629 on the FICO scale, you might not be eligible for all types of loans.

If you have a credit score of 690-850, you are likely to get quick approval and at lower interest rates. Ideally, your loan for debt consolidation should have a lower rate of interest. A lower interest rate will reduce the overall cost of consolidation and shorten the amount of repayment.

If your credit score is not good, you can take some time to improve your score and then opt for consolidation. Follow the below steps to improve your credit score:

Regulate your late payments: From 30 days past the due date, your late payment is reported to the credit bureaus, and it can penalize you with around 100 points of credit score. If you have a pending payment within 30 days of the due date, you can still save your credit score by paying off the payment.
Check for Errors: Evaluate your credit score once in a year and check if there is an error in the report like payment done to wrong debts or accounts marked closed incorrectly. Report these errors to the credit bureaus to improve your score.
Repay your debts: 30% of your credit score accounts for the debts you owe. Check if you can pay any debt with high-interest rates. This will improve the debt to income ratio and allow you to get a loan on a lower interest rate.
2. List Out Your Debts

Prepare a list of all your debts that you are considering to merge into a single payment. This can include your personal loans, credit card payments, store card payments, study loans, medical expense bills, and payday loans. List down all the payments that you pay each month with high-interest rates.

List down the money you have to pay every month towards each debt. This will help you evaluate how much you need to borrow through a loan, credit card, HELOC, or from your retirement plan. Remember, the loan you borrow should have a lower monthly payment and lower interest rate than all the debts in total.

3. Compare Various Options Available

With everything in place, now it’s time to go shopping for the loan. Check for the options available to you like credit card, online lender, personal loan, debt consolidation loan, home equity loan, or HELOC.

With everything in place, now it’s time to go shopping for the loan. Check for the options available to you like credit card, online lender, personal loan, debt consolidation loan, home equity loan, or HELOC.

4. Apply for the Loan or Credit Card

Based on the selection you made in the previous step, you need to apply for the loan or new credit card. You will be asked to submit several documents to complete the process, including proof of address, identity, and income.

Read and understand the terms of the loan to understand all the fine prints before you sign. Check for any extra fees, penalties for prepayment, and reporting of late payments to the credit bureaus.

5. Make the Payments

Once your loan is approved, and the required process is completed, you will get the payment into your account. If you decide to pay using the balance transfer option, you will be receiving the new credit card. Start paying off all your debts with different lenders. Check all the accounts for zero balance. You can also call the creditors to ensure that all the money is paid off.

Do this at the earliest to avoid additional interest on the old debts. This is also important to eliminate the temptation of spending loan money on other things.

Who should avoid Debt Consolidation?

Debt consolidation may be the best way to consolidate your debts, but this is not always the case. Here are some scenarios where one should consider avoiding debt consolidation and explore other repayment options:

If you don’t have enough income to make a minimum monthly payment required for debt management
If you don’t have a good credit score to qualify for a personal loan or credit card balance transfer at low-interest rates
If you don’t want to add the upfront cost and transfer fee to the existing debts
If you can’t consolidate all the debts in one place
If you think that applying for a new credit card or loan will further affect your credit score
If you have too high debt that can’t be paid through debt consolidation
If you have an income to pay for all the debt, but need a plan to do so
It is important to do your own research and understand all about debt consolidation. Debt consolidation might not be an option if you are just looking for a plan to pay off your debt. While consolidating the debt, remember not to add new debts into your account, as this will be quite hard to manage.

Paying off your debts needs some time, and it is important that you stay focused and committed to achieving the goal. Strong determination can benefit you while trying to achieve financial independence.

 

Read more related articles - www.gomakeitrain.com

Do you often find your days flying out of control? You plan daily to complete so much work but get distracted from your goal and start focusing on a low priority task or tend to delay the work. Do you want to regain control over your time? Do you want to get more productive in your work?

If yes, the right productivity method can make a huge difference in your work. A distraction-less workflow can take you from feeling unfocused and unproductive to feeling in control, efficient in your work, and prepared to take bigger projects.

There are several ways to follow, and many new methods are being developed and shared all the time. As we know this is not one size fits all kind of thing, you need to try several techniques to find the best one for you to improve your productivity and become more efficient at what you do. With thousands of articles available across the internet about productivity, it can be very time consuming, which you should be using to get the things done.

To help you with this, we have arranged a complete productivity guide and listed some of the most powerful productivity methods in one place.

Before we start, we need to understand the definition of productivity:

What is Productivity?
In simple words, productivity is a measure of the efficiency of a person to complete a task. Often, people assume that productivity is getting more things done every day. But, it is to get the important tasks done consistently and efficiently. And, no matter what you are working on, you always have other important things to do.

Being productive means maintaining a steady speed on most of the important things and not maximum speed on all things.

Why Productivity Matters?
The more productive you are, the more efficient and faster you will complete your tasks. With this, you will complete more work each day, and you will be left with more time, which you can utilize to focus on other tasks. With more productivity, you will be able to move towards your goal faster.

What are the Benefits of being Productive?

Productivity defines your living standards. With more free time, you can earn more. Improve your productivity by using various methods because it matters most in the end. When you work efficiently on the right things, you get better results and have better growth. Here are three additional benefits of improving productivity:

1. Self-confidence

In an article called ‘Self Confidence for Competence,’ Bernice Milburn Moore shared how competencies boost your self-confidence. The better you are at something, the more self-confident you become. With better productivity, you can develop more competencies. This leads to improved self-confidence.

2. Better Engagement

The more passionate and involved you are about your work, the higher is the level of work engagement.

Some Common Challenges in Productivity
Before discussing the techniques to improve productivity, you need to understand the common challenges in productivity. If you don’t address these challenges, no method to improve productivity will benefit you.

1. Distractions

The modern-day workplaces have several distracting places. In any office building, you can see many people in meeting rooms, drinking coffee, walking around, or chatting about the football game last night. Moreover, we carry the biggest distraction in our pocket that continuously beeps to grab the attention. As a result, we get interrupted every five minutes due to one reason or another.

2. Personal Reasons

Many people work for 10 hours a day or even more, leaving only a little time to spare in the evening. As a result, we hardly get time for all personal demands like family, relationships, paying bills, groceries, working out, etc.

3. Lack of Training

Everyone wants to stay focused at work and calm in personal life. There is a huge need to make a work-life balance. We don’t consider productivity as a skill that we can learn when it can be learned through proper training.With productivity improvement techniques, all these challenges can be solved. We need to understand what is standing in our way to become the most productive. For most people, the above three challenges are reasons for low productivity.

How to Improve Productivity?

Stop Complaining About the Amount of Work You have
People complain when they feel powerless to get what they want. Complaining is an excuse for not doing anything to resolve the situation. So, before you talk about the situation, you should analyze the complaints.

“Nobody wants to help you when you keep complaining” – Stephen Hawking

Everyone looks for people who can positively impact their lives and inspire them to do better. If someone keeps complaining about the problems, they have a negative outlook on the situation.

Generally, we spend five hours every day on daily routine tasks, like household chores, getting ready, working out, eating, etc. With a full-time job, we cannot complete everything we planned for the day. So, how to manage the time better to do most work without complaining?

Don’t overload your daily schedule.
Work on important tasks.
Take the daily routine tasks into account.
While working, don’t think of the pending tasks. Just focus on the current task.
Thinking about other tasks will drain your mental energy. Complete one task and switch to another.
Be busy, and don’t stress or complain about it.
Eliminate Unimportant Activities
The most productive people regularly evaluate their tasks and check what tasks they can eliminate as their main focus is on results. They understand that success is not about the number of tasks you complete but the significance of completing the task. You can:

Multiply your time by evaluating everything you need to do in a day with eliminating mindset.
Cut yourself off from unnecessary distractions, like games, Netflix, or TV, and prepare yourself for an effective mode of working.
Organize and prioritize the tasks that are important and need to be completed to fulfill urgent commitments.
“What is important is seldom urgent, and what is urgent is urgent is seldom important” – Dwight Eisenhower

To understand this further, you can follow the Eisenhower Matrix to prioritize your tasks based on their importance and urgency. Eisenhower’s strategy of organizing and prioritizing the tasks, and taking actions are very simple to understand. This can be understood further using the decision matrix. You can separate the tasks based on four possibilities:

Urgent and Important: Tasks that you need to complete immediately
Important and not Urgent: Tasks that you can schedule for later
Urgent and not Important: Tasks that you can delegate to someone else
Not Urgent and not Important: Tasks that you can eliminate
Urgent tasks are those that you feel the need to react to phone calls, texts, emails, or news stories. According to Brett McKay, important tasks are those that contribute to our long-term mission, goals, and values.

Separating these tasks is simple, and continuing doing this can be very tough. The Eisenhower matrix provides a clear framework for making decisions repeatedly. The hardest part of this strategy is maintaining consistency.

Use 80/20 Rule
Vilfredo Pareto, an Italian economist, stated the 80/20 rule. According to this rule, 80% of the results in any situation will come from 20% of the efforts. Highly productive people:

Try to identify the most important 20% of their work to maximize efficiency and results.
Find ways to cut down the other 80% tasks in their schedule.
Dedicate more time to the things that make more impact.
You can also implement this rule in your daily schedule to improve your productivity. The 80/20 rule by Pareto will help you focus. Now, you just need to take the right action to resolve your problems.

4. Lack of Training

The famous investor and the billionaire Warren Buffet introduced a 2-list strategy to maximize the focus and mastering the priorities. The method uses a simple 3-step productivity strategy to master your priorities. This method can be very useful for making decisions and make yourself committed to doing one thing right away.

Let’s understand the famous strategy through a story:

Mike Flint was the personal airplane pilot of Buffet for 10 years. Once, he was talking about his career priorities with Warren Buffett. He asked Flint to go through a 3-step exercise. The 3-step strategy is:

Step #1

Buffett asked Flint to write down the top 25 career goals. Flint took some time and listed down what he was asked to do. You can also list your own goals for a short timeline. You can write 25 things you want to accomplish next month or week.

Step #2

Buffett then asked him to review the list and circle top goals. Flint, again, took some time and made his way through the list. He circled his top 5 most important goals. If you are following the same strategy, you need to pause right now and complete these two steps before you move to the third step.

Step #3

At this point, Flint has prepared two different lists. List A, where he had circles 5 items and List B with the remaining 20 items. Buffett asked him to work on List A with five goals right away. Buffett asked Flint about the second list, where he didn’t circle.

Flint replied that the five goals that he circled are his primary focus, but the other 20 are in a close second. These are still important, but he said he would work on these alternately as he sees fit as these are not urgent. He still plans to dedicate efforts to these tasks.

Buffett replied to this, “You got it wrong. Whatever you didn’t circle, just became your avoid list. You won’t give any attention to these 20 tasks until you succeed in the top 5.”

5. Implement Ivy Lee Method for Daily Routine to Improve Productivity

This is a simple and straightforward productivity strategy. Complete your most important tasks first every day. Let’s understand this method through a story:

In 1918, one of the richest people in the world, Charles M. Schwab, arranged a one-on-one with Ivy Lee, an in-demand productivity consultant, to increase his team’s efficiency and find a better way to get things done. Lee asked for 15 minutes with every executive. Schwab asked what it would cost him. Lee said that he would not charge anything unless it works. He further said to send the paycheck after three months for whatever amount he will feel worth for the work.

Ivy Lee Method
What did Lee discuss with each executive during his 15 minutes? Lee simply explained his daily routine to achieve high productivity:

At the end of each day, list-down the most important tasks that you need to complete the next day. Don’t list more than six tasks every day.
Prioritize these tasks in order of their importance.
When you arrive at work the next day, only concentrate on the first task. Until the first task is incomplete, don’t move to the second.
Approach the remaining tasks in the list the same way. At the end of the day, move the unfinished task to the list for the next day.
Repeat the same process every day.
The approach sounded very simple. Schwab and his team of executives at Bethlehem Steel started to implement it. After three months, Schwab was so overwhelmed with his company’s progress that he called Ivy Lee into his office phone and gifted him a check worth $25,000. The check is equivalent to more than a $400,000 check today. The Ivy Lee method to prioritize the to-do list appears very simple. But, how could something that simple be worth such a huge amount?

How is this method effective in improving productivity?

It is simple to work: The primary evaluation of the method shows that it is too basic, and it doesn’t account for all the nuances and complexities of life. The method doesn’t explain what one should do in case any emergency arises. Complexity is often considered a weakness, as it makes it difficult to return on track. And, you can handle emergencies and unexpected distractions when required to and return to the prioritized list as soon as possible. Just use simple rules to guide complex behavior.
Ivy Lee’s method forces you to make tough decisions: You can even keep five tasks per day. However, when you have too many things to do, it is best to trim the list and eliminate everything that isn’t necessary. Limitations can make you better. The method is similar to Warren Buffett’s 2-list strategy that requires you to focus on five critical tasks only and ignore everything else. When you are committed to nothing, you will be distracted by everything.
It removes Friction of Starting: The biggest obstacle to accomplishing most tasks is to start working on them. Getting out of your bed can be hard, but as soon as you start to run, it will be easier to complete the workout. The method forces you to decide your first task a day before. The strategy can be helpful as you will know what you need to do as soon as you reach work, and you won’t have to think where you should start your work.
You can focus on a single task at a time: Multitasking is what everyone is running towards. However, with fewer priorities, you can concentrate better and complete one task sooner. Excellent experts from every field have one thing in common – focus. You can’t focus on multiple tasks at one time as you will be dividing your time into different tasks simultaneously.
6. Avoid Multitasking – Fewer Priorities Results in Better Work

The word priority means different today. Greg McKeown explained how the meaning of the word ‘priority’ has changed over time in his best-selling book, Essentialism. In the English language, the word came into existence in the 1400s. It was initially singular and meant the very first or priority thing. The word stayed singular for over five centuries until in the 1900s when it was pluralized when people started talking about priorities.

Illogically, everyone has started to believe that we can bend reality by changing the word into plural form. Now, we believe in having multiple first things. While we try to prioritize multiple things, in actuality, nothing gets the priority.

We need to understand that multitasking is a myth. We can only focus on one thing at a time. While we think we are multitasking, in reality, we are forcing the brain to switch back and forth from one task to another very quickly. This won’t be a problem if our brains could transition from one task to another seamlessly, but the truth is it can’t. When the brain switches from one task to the next, we are forcing the brain to pay a mental price, known as switching cost in psychology terms. It is a disruption in performance due to the switching of attention between multiple tasks.

A study published in the Journal of Information Management found that generally, a person checks the phone every 5 minutes, and it takes approximately 64 seconds for the brain to resume the previous task after this distraction.

One can say a phone can typically waste at least one out of every six minutes. Hence, it can be rightly said that doing more things doesn’t bring out better and faster results, but doing better things brings better results. When you do just one thing, you will be driving better results.

7. Stop Procrastination

Have you ever struggled with how to stop procrastinating? Almost everyone has struggled with this at some point in time.

It can feel good at that moment, but there is a long-term cost of the short-term delay. It can take a toll on our emotional, physical, and financial health and, in the end, our productivity. Don’t let procrastination take over your life.

You can follow the following steps to eliminate procrastination in your work:
Breakdown big tasks into small
Change your working environment
Create a detailed timeline with specific deadlines
Eliminate procrastination pit stops
Get yourself organized
Share your goal with others
Avoid distractions
Reward yourself for achieving small goals
Follow the above steps to stop procrastinating as it can affect your productivity badly.

8. Manage Energy and not Time

If you invest some time thinking about the tasks, you will realize that some tasks are better done at a certain time. Evaluate the amount of energy required to complete the task and arrange them according to the energy levels you will be having at different times of the day. You will have the most energy during the day, and you can complete those tasks that require high energy in the morning. You can leave tasks that require very low energy to the end of the day.

9. Prepare night before

Spend a few minutes of your time every night to organize your to-do list for the next day. It will hardly take 10-15 minutes of your time and save hours of your work the next day.

10. Avoid using your Phone

Phones are the biggest distractions. Avoid using your phone. You can turn your phone off, leave it with your colleague, or place it out of sight. When your phone is away from you, you are eliminating the urge to check Facebook, WhatsApp, text messages, Instagram, or any such thing. This will reduce the likeliness of slipping into half work where your attention is divided towards unproductive things.

Final Words

Carefully evaluate your daily activities and look for the tasks or things that you can eliminate, delegate, and prioritize to gain control of your daily schedule. You need to determine the challenges that are resulting in reduced productivity before you use any technique to improve your productivity. When you have figured out the reasons for low productivity, you can use the methods that fit best for you and regain control of your productive self.

Winners don’t do different things. They do things differently. – Shiv Khera

 

Read related article - www.gomakeitrain.com

 

 

 

Are you looking for ways to make $100 every day? You must have already looked at many websites that are promising you ways to make money online, and you end up disappointed, as these ways don’t work?

 

 

You must have been frustrated after trying too many things until now. But we assure you that you can make $100 every day online legitimately. I have taken a lot of time to pick some best ways to make $100 per day online. You can greatly benefit from these money-making ideas.

 

 

• What can you do with more money?
  You can save or pay off your debts.
  It can help you stop living from paycheck to paycheck.
  You can reach financial independence.
  You can plan better for your retirement.
• 
  With more money, you can also choose to invest in the stock market.
  Making extra money isn’t that difficult. If you invest an hour or two every day in something that you are passionate about, instead of scrolling down the feeds on your Instagram or binge-watching on Netflix, you can achieve a lot.

 

How to make $100 every day

 

If you are really interested in making money online by investing only a few hours every day, then here are 24 creative ways how you can make $100 every day:

 

1. Make Money Walking - Walking keeps you fit, but what if it makes you rich too?

Sounds interesting, right? But is it true? 

 

Yes. You can make money while walking using the new app called SweatCoin. The app will pay you for every step you walk.

 

The app will make you more motivated to stay fit. Walk more; take stairs to add more steps to your day.

 

Click here to get the SweatCoin app and start earning money by walking.

 

2. Earn by Completing Surveys - Participating in online surveys is one of the easiest ways to earn money online. Many sites are available on the internet, but only a few of these are genuine and really pay you for the efforts you make to submit your entries. Survey Junkie and Swagbucks are two websites that you can use to make extra money.

To earn extra money by filling surveys, you can sign up here:

 

Swagbucks: The app provides a free $5 bonus when you sign up. You can make more than $200 per year just by participating in the surveys.

 

Survey Junkie: The website provides some great surveys to choose from, and most of them are easy to qualify.

 

Both these websites have excellent ratings on TrustPilot with thousands of reviews. Another website you can try is LifePoints. The website is available in 40 countries with many survey options.

 

Taking part in the survey takes about 10 minutes, and you can do it while watching your favorite show on TV. You won’t make $100 a day just by taking surveys. But, you can get there by making $5-10 a day from surveys and working on other tips along.

 

3. Become a Respondent - Similar to surveys, you can share your opinions in market research studies or focus groups. Companies are looking for qualified persons to join in the studies, and you don’t have to be a professional to qualify for these.

 

Respondent.io is a genuine website that provides qualified research respondents to someone who needs them. The website offers many one-on-one projects and interviews that suit everyone’s needs. Anyone over 18 years can join and start making money.

 

The website is always looking for parents, students, and industry professionals. Various projects are available for the US and international residents. This means that people living outside of the US can also join and earn $50 to $250 for each research.

 

To participate in the research, you just need to join with either LinkedIn or Facebook and should have a PayPal account.

 

How does it work?

 

Scroll through the projects on the website Respondent.io and apply for participating in studies that you are fit for.

The researcher will review the responses and send the invitations to respondents that they feel are the best fit.

If you receive an invitation, you can choose the time that suits you from the researcher’s available timeframes.

After you have completed the project, you will be paid through PayPal.
Click here to join Respondant.io and apply for research studies.

Another genuine company that offers you money is UserInterviews. If you are a resident of the US or Canada, you can get $75 to $450 per hour of very specific studies. UserInterviews has a vast range of studies covering various topics, including food, family, consumer goods, hobbies, sports, pets, beauty, music, transportation, technology, software, or any other topic of your choice. The reputed clients of the website include Vistaprints, Spotify, Thumbtack, and Pinterest.

 

You can join UserInterviews and get paid for your valuable feedback on different products.

 

4. Be a Shopper

Do you love shopping? How about being paid to shop?

Yes, you can make money by shopping for others. With Instacart, you can work as an independent contractor delivering groceries to others. During the busy times, you can make as much as $25 per hour, although you can regularly earn $10-$20 per hour for shopping. All you need to do is to get the offer, shop the order, and you will be paid.

So, next time you go for your shopping, remember that you can earn money by shopping for others as well.

 

You can make your own schedule, pick the orders at your flexibility, and deliver it. The flexibility makes it a great option to earn money.

Click here to register at Instacart start making money to shop.

 

5. Get Paid to Watching Videos

InboxDollars is another website that you can use to make money with surveys and also by watching movie previews, celebrity videos, TV shows, news, and many more videos. Moreover, it also gives you $5 for signing up.

 

How does it work?

It’s easy. Just visit the website InboxDollars.com and login to see the list of available videos that you can watch. You can use your phone or laptop to watch videos. It rewards you with gift cards or free cash of your choice.

You can earn as much as $200 every month just by watching movies on InboxDollars.com.

6. Wrap your Car

Do you own a car? You can get paid to place advertisements on your car. Use Wrapify to get paid up to $450 for wrapping your car with ads.

Download the Wrapify app in your phone, the app will track your vehicle journeys, and if you reach 50 miles, you are eligible to take part in the ad campaign. Each campaign can place ads on your car for one month to one year. During this period, you will earn money every month for the placed ad.

How can you be eligible to take part in the campaign?

You should be of 21 years or older
You should have a clean driving record
The car should be newer than 2008
If you are already driving around the town, why not get paid to do that? Click here to register at Wrapify.

7. Sell your Craft

Are you a creative person? Have you ever thought of selling your crafts on online platforms like Etsy?

By creating your crafts and selling them, you can make extra income online. You can set your preferred hours, spend time creating the craft items that you love to make, and can earn money by selling them online. You need to make items that would actually sell online.

8. Make $125 through these Apps

Use the Nelson app to make $50 every year. Nelson used to collect data by tracking TV ratings. Now they have moved on and looking for people to help them study the future of the world.

If you are a resident of the US, they will pay you $50 per year for just installing their app on your smartphone. The app collects the data on what type of websites you browse and how long you stay on each website. They keep the data anonymous and don’t link it to anyone.

Install the app on your phone and keep surfing the internet as you do

Get $75 for installing UpVoice Chrome Extension

UpVoice pays the users $75 worth Amazon Gift cards just for browsing websites like YouTube, Amazon, and Facebook. While you are browsing these websites, UpVoice will collect the data passively about the ads you see and match the data with demographics to create marketing insights.

It is currently available in the desktop version as a Google Chrome extension. Moreover, you don’t have to worry about your data security. Any data that they share with the clients is anonymized. They never share your personal information with anyone.

Just sign up and install the chrome extension to start making money today.

9. Freelancing

If you have skills that you can put to use, you can earn extra by freelancing. But how can you find work?

Many websites can help you find a job to work from home. You can work for a few hours every day as a social media manager, virtual assistant, tutor, proofreader, transcriptionist, content writer, and more. The options are infinite, and you can make $100 every day by working as a freelancer.

The best way to find freelancing is to register at websites like Flexjobs, Remote.co, and Weworkremotely.com.

10. Get paid for Playing Games

Do you love playing games on your phone? What if you get paid to do that?

That would be awesome, right? You can use Mistplay to make money by playing games. It is one of the most popular android games to earn money with over 75,000 reviews and an average of 4.4-star rating.

How to earn money through Mistplay?

Install the app in your smartphone
Download one of the game from the list
You can start earning within just 5-10 minutes of playing
To earn more, you can share your feedback on the play store.
Once you reach the target unit, you can redeem these units for gift cards from Amazon gift cards, iTunes, PlayStation, Google Play, Visa gift cards, and many more.

You may not be earning money by playing games, but it is a good way to earn some extra cash by doing something fun.

Click here to download Mistplay and start playing games and make money.

11. Become a Virtual Assistant

You can earn $35-$45 per hour working from home for a few hours a day as a virtual assistant.

You need to have administrative skills, understanding of social media/blogging, and you should be highly organized to be a virtual assistant. A virtual assistant can help a business in various ways. Some businesses use virtual assistants for online consumer services, blogging, for posting across various social media platforms and for keeping up with emails.

If you want to become a virtual assistant, you can sign up on various freelancing websites and apply for the projects that demand virtual assistants.

12. Teach English

Teaching English can be a great way to make a side income for school teachers and college students. You need a bachelor’s degree, and you should be able to work legally in the US, UK, or Canada.

EF Education Firstis one of the highly organized English school classrooms across the world. They offer English teaching jobs online for both the citizens of the UK and the US. If you want to teach and make online income from home, working with EducationFirst can be a great idea. You can earn as much as $20 per hour in one-on-one classes. Each class is of 25 minutes, and the amount you earn by teaching will be directly deposited in your bank account.

You will require completing a 40-hour TEFL course to become a teacher. Click here to obtain TEFL at affordable prices.

VIP Kid is another online platform for teaching English. The platform is for teaching English to Chinese students aged 5-12 years. It is rated in the top 5 best remote companies to work for by Forbes.

13. Deliver Food

Delivering food for others can be another great way to make money. Several companies can help you earn extra by delivering food in your free time, and you can choose the time according to your choice.

Some of the companies that you can work with for food delivery include:

UberEats
DoorDash
Postmates
These companies don’t charge any fee or time commitments, so you will take home all you earn. All you need is a smartphone, a delivery vehicle, and an app to get your first delivery.

14. Deliver for Amazon

You can make some extra cash by making deliveries for Amazon Flex. You can earn $18-$25 per hour, which means you have an opportunity to earn $100 by working for 4-5 hours.

How does it work?

Pick the packages from one of the Amazon facilities or businesses. Check for the quickest delivery route using maps application and follow the route to deliver the package safely. You can set the time you can work and schedule accordingly. The great thing about this is that these opportunities are available all around the week.

15. Get paid for Shopping

You can get cashback for shopping online. Fetch Rewards is an app that provides cashback when you shop online. The app has over half a million reviews on the Apple store and over 83,000 votes on Google play store.

Just scan your grocery receipt after your shopping and save some cash on popular products throughout the store. Earn money for every receipt.

Click here to download the app and enter the code ___. You will get a complimentary 3,000 points, which is equivalent to $3, and you can cash in this reward straight away.

Rakuten is another great app that you can use to earn rewards. You can earn a $10 bonus by signing up on the app and can earn up to 2-7% cashback for your online purchase.

Click here to download Rakuten and claim a $10 welcome bonus.

16. Testing Websites and Apps

App developers and website owners need to know what visitors think when they use their app or website for the first time. You can earn $10 per test on the website UserTesting.com through PayPal. Each test will take about 20 minutes.

BetaTesting is another app or website that you can use for testing and earning. You can make $10 to $25 per test. Sign up and provide some details about your device to start testing and earn money.

17. Become a Writer

Not every business owner has time to create the content they require. If you enjoy writing, you can sell your skills and become a freelance content writer. You can find writing jobs at websites like:

Fiverr
Upwork
Peopleperhour
Flexjobs
Problogger Job Board
You can find various writing tasks like articles, blog posts, website content, and reviews

18. Start your Blog

Starting a blog can be one of the best ways to earn online. You can write about something and advertise on your blog or add affiliate marketing links, or you can create your own products and sell them to your readers.

All you need is a hosting and domain name to start your blog and invest your time. You will be able to make about $100 per day if you invest your time properly.

19. Share Your Skill and Earn passive Income for Longtime

Learn what skills you have and find people who will be willing to pay to learn from you. You can sell online courses and earn money. There are many online websites where you can create an online course and sell them to earn more.

You can earn $100 every day by sharing your skills through online courses, and you can achieve this by sharing your skills only once. You can choose from various skills available on these platforms, like graphics designing, writing, web designing, photography, music, or any other skill you are good at.

Some of the popular websites are:

Udemy
Skillshare
Teachable.com
Teachable.com also offers free live training to help you create your online course.

20. Do Tasks for Others

Many people don’t have time to do small chores, such as picking up groceries, cleaning the gardens, entering data, or putting the furniture together.

You can make some money by running up some errands for others. Some websites that offer such tasks:

TaskRabbit
Gigwalk
Thumbtack
Fiverr
TaskRabbit is one of the best websites, but you need to pay $20 to register on it.

21. Sell your Stuff

This can be the quickest way to make $100. Just sell the stuff you haven’t used for the past year. You can use websites like:

Craigslist
eBay
Facebook Marketplace
You can also check declutter.com to sell your DVDs, CDs, old phones, games, books, lego pieces, and tech gadgets.

22. Proofreading Work

If you are passionate about punctuation, grammar, and spellings with eagle eyes for mistakes, this can be something that you can benefit from. You can earn as much as $60,000 every year. You can do the proofreading while at home or even while you are traveling.

Click here to sign up for a free workshop and start working as a proofreader.

23. Monetize your YouTube Channel

If you are always looking to start a YouTube channel, this can be your best time. Last year, Google made more than $15 billion in ad revenue, and most of it goes directly into the pockets of YouTubers.

Start your channel and promote to earn money online.

24. Get Paid to Write Reviews

Slicethepie.com is one of the largest paid review websites on the internet. You can earn money for every review you post. Sign up and start reviewing unsigned bands and artists to make more money.

The better you review, the larger your bonus will be. Slicethepie.com encourages users to leave detailed reviews and reward them for their time and effort.

 

Once you reach a minimum payment of $10, you will get paid via PayPal. The website also offers a referral program. If you make your friends sign up through your referral code, you can receive a bonus for every review your friends submit.

 

Whether you want to start your own passive income or business, you can choose your favorite ideas and work on them to make money in your leisure time.