First of all, take a 4-year college
course or a 2-year vocational course to get a job. Study accounting,
banking, nursing or other courses in colleges or universities. You
may want to study auto mechanic, culinary, licensed practical
nursing, cosmetology, and other short-term courses in vocational
schools. By having an education, you will have a big chance to find a
good paying job.
13 Sources Where You Can Make Money
1. Employment salaries. Apply for
work as soon as you graduate to earn money at an early age. By
working while you are still young, you will have longer time to earn
and save money.
2. Moonlighting salaries. Look for a
second job if it is possible and will not conflict with your first
regular job. You will get additional income and increase your savings
faster.
3. Work-at-home income. Establish a
home-based business. You may want to open a small business working at
home like bookkeeping, income tax preparation, landscaping,
commercial and residential janitorial services, and others. You must
check with your local business permit agency about zoning laws and
parking in residential areas.
4. Money from not paying income tax.
Join your employer's retirement program. Contribute the maximum
amount allowed by law and your employer. You will not pay income tax
on your retirement contributions.
5. Interest income. Deposit your
income into interest-bearing checking or savings accounts, money
market accounts, and certificates of deposit. Open accounts with
credit unions that offer higher interest rate on savings and
dividends.
6. Interest income. Lend money with
collateral. Borrow some legal books from public libraries and prepare
a promissory note (PN). Use this PN every time you lend your personal
money to some people at reasonable interest rate and with sufficient
collateral. In case of borrower's default, you can take the
collateral as payment for the loan.
7. Passive online income. Create and
maintain a blog to generate passive online income. You can display in
your blog some third-party ads, products, and services like Google
Adsense and products, Amazon products, and affiliate products. When
people click on the ads or buy products and services, you will
receive referral commissions.
8. E-book income. Write some e-books
and sell them online. There are free e-book writing software and
free e-book conversion programs that you can download from the
Internet. Sell your finished e-books to online sellers like Amazon,
E-junkie, and others and receive royalty income.
9. Writer's income. Become a
freelance writer. After publishing your e-books, you may want to
apply for freelance writer with some newspaper or publishing
companies. Provide a copy of your e-books to prospective employers
for them to see your portfolio and skills.
10. Ebay income. Sell products
through ebay. Read newspapers to find residential yard sales, storage
warehouse auctions, and flea markets to buy various things that can
be sold through ebay.
11. Royalty income. Sell photographic
materials. If you enjoy photography, take pictures of anything that
is around you and upload the pictures to some websites. If your
pictures are downloaded by some people, you will receive royalty
income.
12. Royalty income. Sell T-shirt art
designs. If you know how to create art designs that can be
transferred to T-shirts, upload your art designs to some websites
like Cafe Press. When your art designs are printed on T-shirts, you
will receive royalty income.
13. Dividend income and capital gains.
You may want to invest your money on online stock day trading
(short-term investment for less than 1 year) or buy some stocks,
bonds, and mutual funds for long-term investment of more than 1 year.
Be sure that you are knowledgeable about the stocks, bonds, and
mutual funds that you are buying to avoid investment losses.
