Make money out your hobby by turning it into a business

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People have all sorts of hobbies that they love to do in their spare time.  Scrap booking, knitting, sewing, painting, surfing the net, or even blogging.  There are of course too many hobbies to mention them all and I will just say “each to his own”. I have always participated in a hobby in my […]

Rent a room out in your house to make more money

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If you have a spare room in your house and you think you can stand putting up with someone else’s habits, then by all means, rent it out. You could make $50 to $100. That can help boost your income and give you a steady start to saving money. If you just have a shed […]

What is passive income and how can I make it?

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Personal finance gurus are always talking about how in order to truly become financially free, you must have enough passive income to exceed your expenses. That’s great, but what is passive income and how do you get it? In its simplest form, income can be broken down into four categories: earned income, portfolio income, leveraged […]