Turn Your Cupcakes Into CashOct 6, 2014 Blog Personal Finance
Every time you hear the petrol price is set to rise (again!), you cringe and wonder: how will I make it to the 30th?
Financial stress can be a burden in any household and after a long day at work, a second job sounds like a nightmare. You would rather spend time relaxing; doing the things you love, and who can blame you? But why not use that hobby and make it work for you? All you need is a dash of dedication, a spoonful of enthusiasm, and you can make it a reality. Don’t be scared to quit your job to start a new venture, because the rewards may be much higher than what you expected.
Every Hobby Counts
It doesn’t matter what you do in your spare time. If someone shows interest in it, the odds are you can sell it. Look at your hobby from a different angle and build a business strategy around it, but keep things simple.
For example: You have a talent for baking exceptional cupcakes. Take them to work once a week and sell them to your colleagues. Do a little research, release your inner creative genius and soon you’ll find yourself happily skipping to the bank with that extra cash.
Why Turn Love Into Money?
Life expenses are only going one way, up. You could cover these costs with the profits you made on the side. You’ll feel less stressed and should have enough money left over to pamper yourself or someone you love.
Most people only get to do what they always wanted to at an older age, when their financial responsibility is lighter. Turning your hobby into a moneymaking activity will get you on the adventure train sooner than you think. Save this income in a separate account that earns a high interest rate and before you know it, you’ll be jetting off to the Seychelles.
Living The Dream
Never underestimate your hobby. It might come as a surprise, but there is always a way of hooking people onto your unique product or service. If it shows potential, you’ll be able to take it to a new level. Investing your time into a profitable small business and becoming self-employed also has its financial benefits. How will you be able to do this? Starting something means you’ll need the right financial support. This is where RainFin can lend a helping hand. Their peer-to-peer lending service offers up more affordable options, at a low-interest rate; to get that extra something-something you need to kick-start that cupcake career.
Take the leap and you’ll enjoy lower tax rates, tax refunds on rent and business related expenses, and ultimately, you’ll enjoy a better quality of life. Doing what you love and making a success of it will relieve you from the stress of the corporate world. Or at least, most of it.
Always remember, where there’s a will, there’s a way.
Feeling inspired to make money from your hobby? Click here to view some other like-minded individuals chasing their dreams.