Top 6 Money Making Moves To Be Considered In 2011

How much money does an average American family make in a year? The answer to this most important question serves as a key in measuring the state of our present economy. According to a recent survey, the average American household income is $47,327. Those families that have dual earners make $68,349 a year. Meanwhile, the media delivers conflicting news. One report states that the recession is over, yet there is a dwindling economic lethargy that is still continuing in the U. S. With almost 14.9 million Americans unemployed, more and more people are trying to make money in order to tackle their dire financial straits.

American Internet usage is increasing, and the Internet has become a widespread platform for making money. Be aware and stay clear of scam companies. Instead, do what many successful Americans do to earn money and boost their savings when going through adverse financial circumstances.

1. Start a part time business from home:
You don’t have to invest a large amount of money to start a business. There are examples of many Americans who started off with a bag and a shovel and ended up a millionaire running a part-time business from home.

2. Get a part time job: Most Americans looking for ways to earn and augment their savings find a part time job. If you’re in an emergency situation where you need money quick, look for jobs that will immediately put cash in your pocket. Bartending and waiting tables can be a good source of part time income.

3. Rent out a room: Particularly with students, cheap housing has always been popular. Clear out a bedroom and shift some furniture into the guest house to make extra money. Check the listing prices of surrounding houses in order to decide on what you should charge.

4. Sell or barter professional services: Make money from home by advertising your professional services. For instance, an accountant may give financial advice or sell tax exam preparation papers.

5. Start a Blog: With the increased usage of the Internet, making money online can be done through a click of the mouse. Blogging is the current and the most happening way of making money on the web. You need not invest any money to create a blog. Pick an interesting topic and begin.

6. Make money through eBay: Creating an account with eBay is simple, and operating a business through eBay can be a very good source of additional income. Purchase and sell things through eBay and use your profits to pay off financial obligations.

It is important for all Americans to look for additional sources of income and remain debt free. Begin by evaluating your expenditures to get rid of any waste. Then, brainstorm the aforementioned ideas to deal with your credit crunch and emerge successful.

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Neil R. Williams is a consultant specializing in paying off debt, debt settlement and credit repair. He has written numerous articles on personal finance published widely across the web.

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  • 1 comment for “Top 6 Money Making Moves To Be Considered In 2011

    1. Chris Walden
      February 1, 2011 at 6:28 pm

      Be careful when renting out a “room”. All the same rules apply when it comes time to evict! They are hard to get rid of, so be selective, check credit, etc.

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