How to Make Extra Money

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Making extra money is important, and many people gain extra money by getting a second job. Learn how to fulfill a service that is in need in a community with advice from a registered financial consultant in this free video on money management.

Part of the Video Series: Money Management
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Video Transcript

This is financial advisor, Patrick Munro, talking about how to make extra money. Making extra money is important. When you've made your budget and you have your expenses, both fixed and variable expenses, then you have your income, sometimes it may be very, very tight to make your bills. So, making extra money is always something that if your time permits, your health permits and allows you to do so you should, by all means, do that. Many people have a second job; other people start a a second business, which will allow them to go out in the community and fulfill a service that is in sore need, and charge for that service, and this is ways that they are making extra money, as well. If you're an investor, and you have money that is sitting on the sidelines you can deploy that money into the marketplace, and invest in stocks and dividends. In this way, you can also make extra money off your money. That's where the saying the rich get richer comes from, because they can actually deploy their money instead of themselves. This is Patrick Munro, financial advisor, talking about how to make extra money.

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