How to Find Creative Ways to Make Extra Money Today

There are a ton of creative ways to make extra money, whether it be from online ventures or other more traditional methods. The key is turning on your creative thinking to come up with revenue generating ideas that are outside the box. During times of recession and high unemployment, there are few jobs to go around. This is when it is critical to come up with alternative money making opportunities that can help put some cash into your wallet. Check out these steps you can take to find creative ways to make extra money.

Difficulty: Moderate

Instructions

1. Open up a rewards credit card that pays you back a certain percentage of what you spend as a creative way to make extra money. Be sure that the credit card does not come with any annual fees, as this would not make the potential rewards worth opening the account. Look for specialized cards to maximize your return, such as gas cards. These gas cards typically pay you additional percentage back on gas fill ups as opposed to items you may purchase at the grocery store.

2. Take time share tours while on vacation to earn some extra money that can cover some of your costs. This is one of the most creative ways to make extra money today. Check out resort areas in Florida, Vegas, and more for great opportunities to earn some extra cash. Typically all that is required is spending a few hours touring the time shares that the salesperson will try and get you to buy. Just make sure you tell them no - unless you are really interested!

3. Sign up for high yield checking accounts or savings accounts when banks offer special promotions as a very creative way to make extra money. Be sure to deposit the required amount for the payment and hold a balance for the required duration. Once that duration is up, you can collect your earnings (along with your initial deposit) and move on to the next account. You could also keep your money in the same account if you so choose.

4. Sell covered call options against stocks you already own in your portfolio as an added dividend like payment every month. If you own at least 100 shares of a given stock, then you have the opportunity to sell an option contract against those 100 shares to earn a payment. The risk is that if you sell a contract with a low strike price, you may lose out on the stock. However, proper planning and education can help you minimize your risks.

Tips & Warnings

• Be open to new and creative ideas for making money. Think outside the box and taken advantage of hidden opportunities often overlooked by others.
• Check with your local state and government on any required business permits or licenses when finding ways to make extra money.

Resources

• Earn over $1,000 per month on eHow
• Earn a six figure income through affiliate marketing