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Blog Ideas That Make Money

With technology turning into a growing human necessity, blogging is rising as one of the best ways to boost your visibility and reach online. It is also a great way to make a great amount of money online, the best part being that you are in charge of everything about it. From deciding where your […]

4 Tips For Setting And Reaching Your Business’s Big Financial Goals

If you’ve ever scribbled a goal like “make more money” on a whiteboard, you’re not alone. Most business owners start with that energy, dreaming big and fueled by caffeine and hope. But turning vague wishes into real results? That’s where things get tricky. Setting big financial goals is exciting. Hitting them? That takes more than […]

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Money & Finance

Florida Home Equity Loans and Other Ways to Get Your Hands on Some Extra Cash

Just over 2 years ago I lost my job thanks to some company remodelling, and as a result I faced financial hardship for the first time in my life. Whilst the first two months of this was incredibly difficult, I knew that I had to find a way to get my hands on some cash, until I could find another job. The first step that I took was to follow a good friend’s who told me that here in Florida home equity loans are good value and relatively easy to attain. A home equity loan is like a second mortgage which basically extracts value from your home which you can take as a lump sum, and then renegotiate your mortgage, given that Florida has something of a housing bubble, homeowners have lots of equity here.

Following my equity loan, I was forced to find other ways to make ends meet until I finally got a job, and here is how I did it.

Freelance Work

The internet is rife with opportunities to make some extra money blogging, or even a stable income and despite my lack of computing know-how, I decided to give freelance work a try. This proved to be a great decision and within just a few weeks I was writing articles for a number of websites online. The freelance sites that you can find have huge amount of job opportunities available from writers to graphic designers, virtual assistants to social media campaign managers, a great way to make some money straight from your home.

Buying and Selling

After selling everything in the house that I no longer needed, I decided that I would start trying to sell some more things online, which I could pick up for a low price. Books are my thing and so I decided that I would start selling books on my eBay page. The way I did this, and you can do it with anything that you like, was to head to thrift shops and markets, armed with my cellphone. Each time that I found a well-priced book, I would scan it on my phone, to see how much they were selling for online, assuming the price was higher online, I would buy the book and then go make some profit.

Connector

My freelance work gave me an idea which turned into a real money spinner, connecting people. How it works is like this, you see a client asking for a freelancer to design a website for them, at a budget of $1000, you bid for the job, and then hopefully you win. When you win the gig, you head to a website such as Craigslist and offer $800 for a new website. Once someone bites on Craigslist, you simply forward them the requirements of your client from the freelance site, and then deliver them their website, they pay you $1000, you pay the designer $800 and you have $200 in your pocket just because you connected people.

There are always ways to make more money, you just need to get creative.


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About The Phat Startup

The Phat Startup was created by Mike McOwen to create a space where entrepreneur lifestyle could be focused on. We tend to live a different lifestyle than most. Entrepreneurs tend to be interested in maximizing their life, not only their profit.

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