Young Upstarts

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Struggling For Cash? How To Make Money As A Young Professional

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If you’re a young professional with a bit of work experience and a college degree in the bag, then the future should be looking very bright, right? Not necessarily. With the horrendously tough job market, there has never been a more difficult time to get employed. As a result, you might be a bit cash strapped. We understand!

Here’s how to make some money as a young professional. That way, you can avoid that awkward conversation about your unemployment when home for the holidays.

Sell On Your Education.

Your education has set you back a sizeable amount of money. So, is it not worth trying to earn something back from it as soon as possible? If you’ve got the time, energy and space, then consider setting up a private tutoring business to earn yourself some extra cash. This doesn’t have to be too mentally challenging. You could teach anybody, whether they’re in high school or in college like yourself. All the work you teach can be stuff that you’ve covered before. Therefore, it’ll be pretty straightforward. If you’re well qualified and went to a prestigious institution, then you should be able to command quite a some for your teaching talents. Simply set up a space in your apartment or home, advertise online for prospective students, and watch the cash flow in! Simple.

Rent Out A Parking Space.

If your apartment came with a parking space, but you can’t afford to drive, or simply do not know how to, then this could be the money spinner for you. As a young person, chances are that you’re situated in a fairly urban environment. Cities are perfect for renting out a car parking space as there is always a shortage of spaces for commuters or business professionals. Capitalize on these people by charging them a sizeable sum to simply park in your empty spot! You needn’t worry anymore, simply list your space, relax and watch the cash roll in. Easy!

Invest In Shares.

If you’ve got some savings in your bank but aren’t sure what to do with them, then this could be the answer. If you’ve got a few thousand, but not enough for a deposit on a house, then risk some of this money on the potential of gaining much more. Investing in shares is a far more foolproof method of earning than simply gambling. So, don’t worry! If you know your stuff, then you could have a considerable dividend heading towards your bank account each year. No idea what that means? Learn more here. It’s quite easy to keep track of stocks and shares, with many smartphones and tablets featuring apps that allow you to do this. If you know that a certain company is on the rise, and you want to invest, do so now, and watch your money multiply!

Become A Freelance Writer.

Another excellent money spinner is freelance writing. If you feel like you are competent enough to write a large amount of well-written content in a short space of time, then this is certainly the role for you. This can be done alongside a full-time job or in your spare time, and will really help you top up your earnings. Having multiple streams of income is what often goes on to propel young professionals higher up the employment ladder. It also proves your ability to multitask and take on more than one challenge at once. This is a great example that you can use at an interview during your job search! Freelance writers are often paid by the number of words they produce, rather than how long it takes them. Are you a proficient typer? Can you create content quickly and easily? If so, then this is something you should strongly consider doing to make yourself some money as a young professional. The role is flexible too, allowing you to carry out your work whenever you wish, from wherever you want. Give it a go, today.

Start A YouTube Channel.

This one is for the creatives amongst us. If, as a young professional, you are looking into going into a career in the media, then starting a YouTube channel could be the perfect match for you. Some people have managed to create channels so successful, that it has gone on to be their full-time job. This is largely achieved by consistently creating unique, engaging and humourous content. It must be aimed at YouTube’s target market of teenagers. Examples such as KSIOlajideBT have gone on to become millionaires thanks to the video sharing platform. Could you achieve the same feat? All you need to invest in is a decent camera and some editing software. Once, you’ve managed that, get brainstorming! Partnering with YouTube is an excellent way to gain advertising revenue, too. Plus, if you develop a subscriber-base that’s quite vast, then companies will often contact you. They might then ask you to promote their products or services. This is where you start to earn some serious cash!

Get A Part-Time Job.

If all else fails, then it might be time to concede that you need a part-time job. If you’ve worked in retail before graduating, then you’ll know that it’s not very pleasant. However, it will earn you the cash that you need to live off while you search for that dream job. It’s not such a bad thing anyway, working at a bar or restaurant is a great way to meet people and make new friends, for example. Your financial woes will seem a lot worse if you’re surrounded by young people in a similar position to you! Dedicated job websites will help you easily find a role, far quicker than a professional one. With the minimum wage always rising you can be sure that you’ll be able to earn enough money to get by while you job search continues. Give it a go, you can always hand your notice in, after all.

Hopefully, these six ways to make money as a young professional will really help you out. They are all proven methods that will surely get you out of the red and back into the green. Financial security is important. So, don’t wait around all day, get earning!

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Young Upstarts is a business and technology blog that champions new ideas, innovation and entrepreneurship. It focuses on highlighting young people and small businesses, celebrating their vision and role in changing the world with their ideas, products and services.

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