Five Ways to Make More Money in 2020

Written By Alla Levin
April 16, 2020
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Five Ways to Make Money in 2020

Everyone wants to make more money.

Whether you’re chasing a raise, or you’re looking for ways to start your side business, the search for opportunities is constant.

But, with so many options on the table, which is the best one?

Well, even though that kind of hard to say, because everyone is so different, it’s better to focus on finding your way to make money.

So, let’s look into four ways (plus a bonus one) on how to make extra money in 2020.

Start by turning your hobby into a service

Yes, even though this can be daunting, it’s definitely something to try and accomplish.

Let’s say you love spending time at the gym, seeing the results of the hard work you put.

So why don’t you expand on that and help other people achieve their desired goal and become a healthier, better version of themselves?

And while everyone’s hobby is different, it doesn’t mean that you can’t make money out of yours.

You can make money from teaching people how to swim, improving their style, or even providing unique landscaping services to make their homes a bit more beautiful.

And there’s money to be made from that.

Ways to Make Money in 2020: Invest in CryptocurrencyInvest in Cryptocurrency

Like, we all remember how people became insanely rich in just a matter of weeks when the price of Bitcoin skyrocketed a couple of years ago.

Even now if you go to a bitcoin price calculator you can see how much a single bitcoin is worth!

That’s powerful. Of course, you’ll have to do your research, start with just a couple hundred bucks and learn the details of trading and investing cryptocurrency.

But that doesn’t mean that you shouldn’t give it a go.

And that’s even easier to be done now that many fintech companies are building the functionality straight into their apps. You have the full purchasing power in just a few clicks.

Focus on achieving professional goals in the next six months

And, if you’re one that loves your job and just enjoys what they currently do at their nine to five, why not push it a little and earn yourself a raise?

Go to your manager and request a new project. Try to negotiate KPI’s that if you perform well will result in getting a raise.

This can be kind of tricky, but if you focus and give your all in there, then you should see a return of all the hard work and devotion you’ve shown.

And it’s also a great personal challenge too!

Build up your side businessWays to Make Money in 2020

We mentioned that you can try and turn your hobby into a business, but actively building a business while having a full-time job can be demanding and hard.

You’ll have to find clients, be a strategist, entrepreneur, and even an accountant at the beginning in order to build up something substantial.

The great thing is that once you have your voice heard…

You can create an online course

Yup, this is our bonus advice. And the great thing is that once you do the hard job of creating a guide you can capitalize on it without doing too much work.

So, start from the very beginning thinking about how you can make money passively from your business.

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