The average American household holds $132,529 in debt. This shockingly doesn’t include the mortgage which could double if not triple that number.
If these numbers are accurate, you’re likely one of these people. You’re looking at the money-sarlaac and saying, “How? How will I ever satisfy this monster?”
You’re not alone. Most Americans feel this way.
They’re asking, like you, if there are ways you can increase your earnings without years of work to get there. The answer is incredible. Yes!
Today I’m going to outline the best ways to make money fast this year. Keep scrolling to find out.
1. Install a Healthy Vending Machine
Vending machines are practically passive income. You check on them once a day and you order inventory accordingly.
Depending on the company, you might even have regular shipments of products and maybe a stockman to boot.
“But, Ben, I don’t want to peddle sugar and unhealthy snacks.” Never fear! Healthy You Vending is here!
Their vending machine franchise model will allow you to make money and spread healthy snacks to the people in your community. If you have capital saved up, you can own a few of their franchised machines and make money in only 5-6 hours a week.
2. Credit Card Points
Are you already in debt through credit cards? Maybe this isn’t for you or maybe it is.
I had the sudden realization that my Venture Capital One card was earning me passive income. Not only that, but the points are tax-free! Why? Because they aren’t actual monies.
They can however be turned into money. Now, this money isn’t spendable in whatever fashion you want. It isn’t money you can just dump in a savings account.
It is, however money you can use to pay the debt you accrue on the card. This works as long as you are disciplined to budget each month and only spend what you have.
With the common monthly budget, you can pay for a bill or two with your monthly credit card points. This means more money in your pocket.
3. Host on Airbnb
I have a friend who pays her monthly mortgage with Airbnb. As long as you’re willing to house strangers, you’re able to make money with Airbnb.
This isn’t for everyone. My wife is an introvert and she won’t let me rent out our spare bedroom (and besides, that space is now becoming the baby’s room.)
Do you want to earn an extra $100 or more a week? Then find some space in your home and list it. Know that this isn’t entirely passive income. You’ll have to keep your space clean and be willing to rise to certain standards.
If you have enough capital, you can buy a location and start your own Airbnb business. Be careful. Do your research. My town recently enacted laws making it difficult for new house-share companies to move into the area. There are loopholes, so ask around, find out what’s legal and make that money.