5 Creative Ways to Make Money

Feeling the pinch a little when it comes to your finances? Is your cash flow stagnant? Whether you need a quick cash injection to tide you over until payday or you need some extra help on a permanent basis, this article will offer you five creative ways to make some money.

Play Poker

Believe it or not, there are actually people who play poker for a living. The catch here is that you need to be relatively good at playing cards – this is not a sport suited for beginners. The good news is that, with enough practice, you can become good enough to play poker for a living or make it to the World Series of Poker.

Poker is for you if:

  • You can persevere. You should become better over time but you will need to do a lot of work to get up to professional playing levels. This means reading everything that you can about the game and learning how to read people well enough to be able to beat them.
  • You are flexible. Poker is one game that is constantly changing because the players themselves change. Strategy that worked well in today’s game may not cut it in tomorrow’s. Being flexible allows you to adjust your strategy as required.
  • You are level-headed. You need to be able to ride out the doldrums when losing and also be able to curb the excitement when winning so that you neither quit to early or too late.

Look at Your Insurance

If you have whole life cover or universal life cover, call the insurance company and see whether or not your policy has a cash value – most policies accumulate a cash value over time. Whilst not ideal, if you need money in a hurry, or if you will not be able to continue paying the premiums anyway, you do not have a lot to lose here. (Just remember that the older you are, the harder and more expensive it will be to get a new policy.

Alternatively, you can consider a viatical – essentially all that happens in this case is that you sell your policy to the buyer so that they can collect the pay out when you die. Generally speaking, you will be paid out an amount of around 30% – 80% of the cover value of your policy.

They will pay out a cash lump sum and the take over the paying of the premiums of the policy. They are basically betting that they will make more when the policy pays out than they have paid in terms of the lump sum to you and the premium payments.

Buy and Sell Coins

Here I am not talking about trading in actual rare coins because that does require a fair amount of expertise but rather by looking for coins that have errors or that are from a certain date. Take the half dollar coins minted before 1965, for example. These have a 90% silver content and so could earn you a tidy profit.

What some people do is to order coins in large quantities from their banks. They then go through all these coins looking for coins that are the right age, that have errors on them or that are collectible in some manner. At worst, you have just wasted your time, at best, you could find a collectible coin that could sell well.

Check Out Fiverr

Fiverr is a site that allows you to offer services and charge for them. You can pretty much decide what you want to do. These can range from services that are absolutely wacky to services that are mundane. You could, if you like, offer to sing a birthday message to someone while dressed up as a monkey or you could offer to do some copywriting.

The starting price for services is $5 but you can always offer upsells. Say, for example, you will design a business card for $5, you could upsell a banner for a website or business logo as well.

Become an Online Juror

Jury duty is not necessarily fun but it does open up an opportunity for you. There are companies out there that will pay you to act as a mock juror in a mock trial. This helps them to prepare for cases upfront as they can test different strategies and see what the outcome is before actually going to court.

All you have to do now is to see which of these options suits you best – good luck!

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