Active Income

Self Employment Tax Deductions in the US in 2021

For many years, administrators have mentioned various outlines in the tax cipher to lower the burden of the unnecessary costs that self-employed persons do bear as they are doing business. The Tax Cuts and Jobs Act (TCJA), initiated from December 2017 and within effect from the 2018 taxation year, brought several variations to self-employed tax deductions. Most of these variations are not permanent and agreed to terminate in 2025, but the rest are stable.

Small businesses are numerously affected by constitutional decisions, specifically through a 20% proficient business earning deduction for flow-through entity—those taxpayer(s) who make tax payments independently instead of the corporation.

Some considerations which are executed consists of:

Amusement and Brink aid subtraction
Worker’s parking, rapid rail transit, or driving expenditure subtraction
Domestic production activities deduction
Removal in regional persuasion expenses.
Subtraction of compensation or fair charges in case of sexual molestation, when the contract is subjected to undisclosed

It is essential to keep track of most of the general taxes and their subtraction to be updated for any needed variation in your every three months estimated tax deposition.

Major Outcomes

The Taxes Cuts and Jobs Act, issued in 2018, had a lot of variation to tax subtraction for the free agent.
Making your business more productive is crucial to learn about what you can subtract each year.
There are two types of approaches to calculate the deducting amount for a residential workplace and transportation used for the sake of your business. To figure out which one is more profitable, payment has been made to calculate both methods.
As per TCJA, lunch or dinner with clients and business traveling are subtractable, but Food expenses that are done with amusement may not be subtracted.
Fees for the insurance of your entity or Medicare are lawful subtractions. It also includes start-up, publicity, and rudiment hand-out expenses.

What are Self Employment Tax Deductions in the US in 2021?

15 Tax Deductions and Benefits for the Self-Employed are:

Self-Employment Duty.
Residential workplace.
Data Connection and Mobile phone charges.
Medicare fees.
Food expenses.
Transit expenses.
Automobile usage.
Rate of interest.
Advertising and contribution.
Studies.
Work coverage assurance.
Lease.
Set-up expenditure.
Marketing and publicity.
Rudiment and hand-out.

Self-Employment Duty

The self-employment tax points out the Health insurance and Social Security duties that Free agents are supposed to pay. Freelancing, individual contractor, and small business sector falls under this category. The tax rate for self-dependent entities is 15.3%, of which 12.4% is for social safety, and the remaining 2.9% is for health insurance.

Organizations are providing employment and employees contribution for self-employment tax. Each of them contributes 7.65%. A self-employed individual pays all on their own.

An extra 0.9% of the Healthcare insurance tax rate is applicable in case of income being above the verge. Mentioned Figures are the limit of the threshold:

Espoused filing together: $250,000; espoused filing individually: $125,000
Individual: $200,000
Pioneer of family: (includes certified person): $200,000
Widow/dowager having reliant child: $200,000

Healthcare tax applies to your Joint earnings, allowance, and freelancing income as well. If your income is $100,000 as being self-employed, and your companion earns $160,000 in employee wages, you’ll have to contribute the extra healthcare tax of 0.9% on the $10,000, as your combined income is more than $250,000, which is the verge.

No one likes to pay an additional amount of tax being self-employed. But, let’s surprise you by telling you that you’ll be allowed to subtract a fraction of your self-employment tax out of your net income while counting the income tax, which will charge you comparatively more minor than you thought. The IRS considers the “employer” section of the self-employed tax as the expense of your entity and permits you to subtract it accordingly.

Just as an employee pays FICA, it is crucial to understand that the self-employment tax points to Social Safety and Healthcare taxes. Let’s be clear that when a citizen subtracts a fraction of the self-employed tax, it is limited to the subtraction while calculating the payer’s taxable amount. This does not scale down the total earning amount from self-employment or cuts the self-employment tax.

Don’t forget that no matter if you are a free agent or an employer to a firm, you’ll have to pay the initial 7.65%. And while you are working for someone else’s organization, though not directly, you’ll be spending the employer part, as that is the amount your boss can’t sustain adding it to your payroll.

As we know Coronavirus, Aid, Relief, and Economic Security (CARES) Act was assigned from March 2020, making some specific modifications in the taxation system. Now, as per section 140 (a) of the Internal Revenue Code, upon total income from an individual taxpayer, for the period starting on March 27, 2020, and completing on December 31, 2020, all the free agents might adjourn 50% of the amount of the Social Security tax. (Section 2302 of the CARES Act defines this duration as the “payroll tax deferral period.”)

Individual taxpayers resolve their net earnings upon self-employment and subtractions depended on their approach of counting. Almost all individual taxpayer applies the cash method of accounting, thus including all the earnings literally or advantageously gained at the time, and all subtractions compensated at the time of concluding they’re earning from self-employment.

Residential Workplace

The home office subtraction is the most complicated of all. To be clear, the expense of any workplace you use daily or occasionally for your work doesn’t matter if it’s yours or rental; it is subtracted as a home office expense.

You can usually trust the system, but you have to be capable enough to fight for your subtraction in case of an IRS audit. In terms of being prepared, you can make a chart of your workplace, with precise merriments, just in case you might need to verify your subtraction, in which you gave to mention the total square foot of your workplace in the calculation.

The expenses you can deduct for your home office cover the employment rate of subtractable mortgage interest, house depreciation, services, homeowners insurance, and overhaul that you spent through the year, which are also included in the extension to the workspace itself.

Let’s say if your residential workspace covers 15% of your residence, then 15% of the electricity bill per annum falls under subtractive taxes. As the loan and house deflation interest, few subtractions are applicable only for those who own the place instead of a rental workspace.

Method of Calculating Residential Office Subtraction

There are two ways to calculate Residential office subtraction: the ideal approach or the simple option, and you can use a different system every year. In a perfect strategy, you have to count all the overhead of your residential office and manage to have detailed data in the case of an audit.

In the simple option, you can accumulate an IRS-decisive rate by your residential workspace per square footage. The limit to utilizing the simple choice is that your residential workspace should not exceed 300 square feet. You are not allowed to subtract deflation or house-related itemized deductions.

If you are not good at keeping records of your subtractable expenses, then a simple option is the best method. But, as the simple option is counted as $5 per square foot, allowing 300 square feet ultimately, the best you can subtract is $1,500.

If you wish to claim the maximum possible subtraction you deserve, you have to count the subtraction with the help of both methods. User IRS form 8829, if you go for the ideal scenario, overheads for professional use of your house.

Data Connection and Mobile Phone Charges

Whether an individual has claimed residential workspace expenses, it can subtract phone bills, data connection charges, and fax charges if utilized for professional use. This can be deducted only if the costs are in terms of professional service. To be more precise, you can subtract the data connection costs of having a website for your profession.

If you have only one line of communication, you make both personal and professional calls. As per the IRS, you can’t subtract the essential cost of telephone service (inclusive of all tax), though you have a residential workplace. Although, you are allowed to deduct 100% of the extra cost incurred for long-distance communication for business purposes and the expense of a second connection, used ideally for professional purposes.

Medicare fees

In case you are an independent worker, you have to pay for your health insurance fees, also not allowed to be a part of a plan into your partner’s employer, you are allowed to subtract all of your well-being, dental, and proficient long-term care (LTC) insurance fees.

Fees paid to grant coverage for your partner, family, and kids under 27 years of age (even if not dependent on you) can also be subtracted. Use the Self-Employed Health Insurance Deduction Worksheet to calculate in IRS publication 535.

Food Expenses

You can subtract the food expenses while you are on a business tour, conference, or in a client meeting. The food expense should not be extra fancy, and previously, you were allowed to subtract only 50% of the food’s actual amount if you had your bill, or 50% of the standard meal allowance only if you maintain data of where and when also the reason of your commute but not original restaurant bill s.

But, the subtraction has been revised, as per the Consolidated Appropriations Act, 2021, H.R. 133, non-permanent allowance of a total removal for professional food expenses. 100% of professional food expenses can be subtracted from a restaurant providing the meal and beverage. This plan is applicable for costs incurred after 31st December 2020 and terminates by the end of 2022.

The ideal food aid is the federal M&IE rate; you can find it on the U.S. General Services Administration (GSA) website every tax-paying year. The food you eat on your seating at your desk cannot be subtracted from tax.

Before the Tax Cuts and Jobs Act, foods and amusement overheads were treated in accordance. From the taxable year 2018 and following, as per the IRS website, “if meals or drinks are provided at the time of an amusement event, and the meal and drinks were bought personally while present in the amusement event or the expense of the food and drinks was mentioned individually from the expense of the amusement on more than one bills, statements, or notes, one might not be allowed to subtract the individual expenses of foods and drinks.” But, if the food and drinks are not recognized individually on the bill, you will not be able to deduct any of them.

Transit Expenses

If you want to be eligible for tax subtraction, your traveling duration must not be ordinary; it needs you to take some sleep or break and choose a location far from the usual range of your tax home (generally outside the city or state where you have some business). Personal trips with family and friends will not prove to be subtractable.

In addition to this, you should have a planned professional trip to get the recognition. You are supposed to have a good purpose for your trip, which includes conducting an ideal professional activity, such as searching clients, interacting with business professionals, or getting knowledge directly proportional to your profession while traveling. Visiting a friend or family member someplace far away from your home will not be tax-deductible.

As this subtraction often imposes scrutiny, you need to save all the trip-related data of your expenses with genuine receipts.

Subtractable traveling overheads consider the expense of transit from your residence to your destination and back (such as flight tickets), traveling at your location (like metro tickets, rental taxi, etc.), Hotel tariff, and food expenses.

You will not be allowed to subtract non-feasible overheads. Also, you are not supposed to choose the under-par options; keep it regular. Always remember that you are the one who will be paying for all the traveling expenditure, hence be wise to spend.

All the commuting overheads are 100% subtractable; only food expenses will have 50% of allowance on it. For instance, let’s assume your business tour consists of both work and enjoyment; the chances are, the situation can become confusing; in short, you’ll only get an allowance on the professional expenses of your tour.

In case you are traveling with your partner (who is not working with you), then in this case, only you’ll get an allowance for your part of the professional trip. Always remember to plan your professional tour irrespective of any claim.

Automobile Usage

If you use your own vehicle for professional purposes, then it gives you allowance in tax. Keep track of all the details like the occasion of each trip, date, average, etc. Also, do not demand allowance on your travels.

There are two options to count the subtracting amount. First is the standard mileage rate stated yearly by the IRS or by presenting ideal records.

The ideal rate of mileage in 2020 is 57.5 cents and 56 cents in 2021. This amount is per mile.

It is suggested to depend on the ideal mileage rate, as there is no need to keep a precise record. You need to submit the total miles you drove for professional purposes and on which day. And later on, multiply unlimited professional miles and standard mileage rate. The derived amount will be a subtractable amount.

If you are going by the actual expense method, then you’ll have to count the percentage of driving you did for professional use throughout the year. Also, estimate the total expenses of using your vehicle, including deflation, oil replacements, gas, registration fees, repairing, and insurance fees. For example, if you used $5,000 on car operating expenses and used your vehicle for professional use 10% of the time, you will get $500 as a subtracted allowance.

You can only apply the standard mileage rate on your vehicle if the vehicle is present to use in your professional occasion for the first year. Further, you can use any of the two methods, whichever may be convenient to you. If you are getting a car on a lease and want to use the standard mileage rate, you’ll have to continue using the standard mileage rate every year until the leasing period.

And in the case of Residential workspace subtraction, it is suggested to count by both the methods so you can receive a more significant amount.

Rate of Interest

The rate of interest charged by a bank on a professional loan is a subtractable expense. If the amount of loan is used for personal and professional use, then the amount spent on professional help is allotted based on the allotment of the loan proceeds. If the entire amount is not used for professional purposes, you would have to keep a record starting from capital disbursement. If you purchase business-related products, then the credit card interest will be subtracted, but you will not get an allowance on the personal purchase.

Hence, it is recommended to spend the money you have and not generate any interest expenses. Try not to take a loan as you’ll not get all the money subtracted but only some of it. But there is no other option in some businesses than to take a loan to go further and keep the business surviving.

Advertising and Contribution

The expense of a specific manual, booklet, and brochure directly related to your profession is subtractable. A routine paper will not be considered a professional expense. If you are the restaurant owner, a periodic contribution from “Nation’s Restaurant News” would be regarded as a subtractable expense. Hundreds of dollars “Modernist Cuisine” by Nathan Myhrvold packed set is a lawful book procurement for an independent professional chef.

Studies

If you want to subtract costs of studies, then it must be related to improvising your sets of skills for your current profession. The expense of lectures to develop a new career will not be considered.

If you are a real estate agent and take coaching for yoga, it won’t be considered. But if you are going for “Real Estate Investment Analysis” to improve your expertise, it will be subtractable.

Work Coverage Assurance

Suppose you are paying any fees to protect your business, such as insurance against fire, credit insurance for credit, vehicle insurance on a professional vehicle, or business liability insurance. In that case, you can subtract your fees.

As some independent workers don’t adore insurance fees as they consider them as an unnecessary expense. The business insurance tax deduction can prove to be helpful for them.

Amount of Lease

If you have your workspace on rent, then you can subtract the amount you invest in it. All the material that you have rented can also be considered to subtract. And in case if you stop the lease before its termination, it could cause you as well, and that expense is subtractable too.

But rent expenses on a property under your possession, full or partial, cannot be subtracted. And the amount of lease has to be feasible. The demand for integrity specifically rises when you and the tenant have a connection. Still, if you are paying the amount equal to a non-relevant person, it will be considered genuine.

Set-up Expenditure

As per the IRS, you should periodically subtract your significant overheads in terms of capital expenses instead of removing all of them at a time. So far, you are allowed to deduct $5,000 in your professional start-up expense for the first year of your ongoing professional activities.

Subtractable expenses count R&D, business tours, searching for proper location, publicity, lawyer fees, and clerk’s fees.

The amount decreases by $5,000 subtraction if the total set-up expense goes above $50,000. However, if you build a corporation or LLC for your profession, you can subtract more than $5,000 in documentation fees and Attorney fees.

Charges to consult lawyers, clerks, and other professionals for guidance are also subtractable irrespective of set-up cost or regular professional expenses.

Purchasing cars or other such materials for business are not included in set-up costs, yet they are adjusted under capital expenditures.

Marketing and Publicity

If you spend on advertising on social media, a hoarding, or advertisement on TV, the expense incurred will be covered.

To get more clients, if you advertise and motivate the crowd to spare for charity while promoting your profession, it will also be considered a subtractable amount. For instance, a clue promoting “Holiday Toy Drive sponsored by Robert’s Hot Dogs” will be regarded as a subtractable tax expense.

Rudiment and Hand-out

A particular subtraction you can have while entering your trade for your own is exclusively worthy, and it is called a self-employed retirement plan. Grants to SEP-IRAs, SIMPLE IRAs, and solitary 401(k) decrease your taxable amount and allows you to build negotiated taxable amounts to gain benefits later.

Let’s say if you can grant $19,500 in negotiated income for the tax year of 2020-2021 (or $26,000 with the hook of a $6,500 grant, if you are 50 years or above).

Additionally, you can save up to an extra 25% from your total individual income, even after subtracting a fraction of self-employment tax and granting it to yourself. The total amount of grant is limited to $57,000 in 2020 & $58,000 in 2021 (without calculating hook-up charges of $6,500, if applicable) for both divisions of a grant, with a self-employed 401(k).

The limit to grant differs according to the type of plan the IRS alters the ultimate per year. You cannot contribute higher than your income, which will only prove helpful if you have an attractive profit graph.

Are limited partners subject to self-employment tax?

Yes, limited partners pay self-employment tax on guaranteed payments. However, limited partners do not need to pay self-employment tax on their distributive share of partnership income.

Is foreign income subject to self-employment tax?

Foreign income for nonresident aliens is not subject to self-employment tax. However, the foreign income that resident aliens receive is subject to self-employment tax.

Is royalty income subject to self-employment tax?

Yes, royalty income is subject to self-employment tax.

The Bottom Line

Tax subtraction for almost all small entities is much more confusing than this detailed examination—after all, it is the United States tax code—but now we hope you know the basics.

Also, many other subtractions are provided, but we have tried to explain the most crucial ones. Supplements for workspace, processing charges of credit cards, tax preparation fees, and repairing and preserving office property and material can also be subtracted. Yet, more business expenses can be diminished or amortized; thereby, you can deduct a small amount each year and continue doing that for many years.

In case if you are unsure whether you are claiming a legal amount or not, think to yourself, “Is this expenditure essential and related to my profession?” The IRS will ask you the same question while they go through your subtraction if you are enquired. If the answer is negative, don’t go forward with lessening. A certified public accountant (CPA) is there to help you if you are not good at filing taxes and legal details.

How to be a Freelance Courier?

by freelancer

Today, most companies outsource some of their work to cope with time constraints. The companies often hire freelance couriers to get their things delivered on time. Since there is a growing demand for freelance couriers in the current business scenario, a freelance courier job is considered lucrative.

What Does a Freelance Courier Do?

Freelance courier is a part-time job where freelancers usually have tasks to deliver a package to its destination in the fastest and most efficient way. Freelance courier may drive, bike, fly, take a train, or run to the given destination.

How to be a Freelance Courier?

To become a freelance courier, you first need to choose a mode of transport, then consult an insurance agent, sign a contract with a suitable cellular service provider, and finally, promote your business.
The following steps will guide you through establishing your business as a freelance courier:

1. Select a Means of Conveyance

As per your preferred scale of work, you may opt for a car or a medium-sized van. In the initial stages of work, it is better to choose a car with good running efficiency. Since most of the delivery items are small packages or letters, you won’t really require a large-sized vehicle.

2. Consult an Insurance Agent

You need to consult an insurance agent to get the delivery items insured and learn about the different rates required for courier coverage. These rates usually depend upon the value of standard deliveries. Thereon, you may go for the appropriate policies.

3. Set Up a Contract with Mobile Network Operator

Being a freelance courier, you often have to make calls to the delivery packages’ sender and recipient. Besides, you have to be available to receive their calls at any time. So, it is best to purchase a plan with adequate talk time or unlimited calls. For this, you may have to sign a contract with a cellular service provider.

4. Install a Computer System at your Operation Base

A computer system is necessary to record your work, check emails from customers and clients, create and maintain your website, and manage other work-related communication. Through your website, you will be able to get more business opportunities and expand your work area.

5. Estimate the Costs

You must be aware of the expenses involved in your car/van’s upkeep and related costs of fulfilling your tasks. For a better evaluation, you may ask your fellow freelance couriers about their work expenses.

6. Promote your Business

After setting up your business, you will need to promote it to reach potential clients. Start with getting your business information available in the yellow pages and similar listings. Thereafter, you can make use of business cards, flyers, and other ways to advertise your work.

In real life, a freelance courier is not such an easy and lucrative job. There are a lot of real-life stories that point out that some things couriers must be aware of. Please watch a video about freelance courier and major problems:

Can you make money as a courier? How much money can you make on the courier exchange?
The annually average salary for a Freelance Courier is $45000 in the United States. In the UK, 40K till 50K pounds per year. Please listen to the life story of a real freelance courier:

Freelance Courier Tips:

If you cannot maintain a proper financial record of your work, it would be better to avail of an accountant’s services. Alongside this, you may learn the bookkeeping skill yourself to reduce future costs.
Freelance couriers generally work for courier firms and local companies and businesses on a subcontract basis. To get profitable work and build healthy relationships with their clients, you may arrange personal meetings or make business-to-business calls with prospective clients. It is important to have a presentation ready and dress professionally for these interactions. Further, you must keep these meetings brief and respect their time. At the end of the meeting, you may provide your business card and price list along with contact information.

One more thing. Please remember this:
Can I send money by courier?
Courier companies do not allow shipping money, coins, banknotes, lottery tickets, coupons, dividend warrants, cheques, and postal orders, or any other document that one can exchange for money; precious metal, and stones.

Side Hustle Ideas to Make Money

by freelancer

Side Hustles 2021

If you are looking to earn some extra money and for that purpose, you are planning to side hustle (side job), then you are among 60% of the people looking for this.

If I say this is beneficial for your budget, your health routine won’t be wrong. Many people in other countries spend 9 to 5 on their full-time job and then feel they have more time to be utilized productively.

Profitable side hustles in the first place are temporary jobs but can grow in real business very easily. Online hustle ideas very often can grow into real IT companies. Most profitable side hustles you can calculate when freelancer divides earnings with work time duration.

What is the most profitable side hustles? All passive income jobs like starting a blog or youtube channel can exponentially grow and bring the biggest ROI.

It has become more convenient for now, as you can do whatever job or work you want, or you can even sell your services just through the internet while sitting in your comfort zone. Even no matter where you’re from or what you do for a living, thanks to the conveniences afforded to us by the internet, making money is no longer a never-ending problem.

Either way, you can select a method to go for the preferred job you want to do, and it is not anything that bothers you to reach it.

1. Sell items on eBay or Craigslist.

One of the easiest ways to make money without making any struggle or extra hard efforts is to sell your stuff that might be extra and not in your use anymore. You can grab that stuff and put it on the website (any social website) where people can see that ad or post; most likely, that should be in your area where you got the possible buyer, so it won’t be difficult to shift that stuff. Some of the fine tips for selling your stuff are writing a good description, clicking some of the clear and eye-catching photos, and then uploading it. Give a cleaning service to your stuff, and there you go.

2. Recycle used smartphones.

Selling your old smartphones or any device you might have in your home could also pay you off with a good amount of money. this is not about selling your own cell phone, but if you have any old iPhone or Samsung that will pay you well, sell them on gazelle, eBay, or Amazon.

3. Drive For Uber or Lyft.

One of the most widely available ways of making money is to drive for Uber or Lyft. The sharing economy has quite literally exploded, and both Uber and Lyft are at the forefront. The best part? You can turn on and off your availability through these networks with the simple click of a button, effectively allowing you to make money no matter what time of day or night it is.

4. Deliver For Postmates.

Another option for earning a side income is to deliver for PostMates. Similar to working for Uber and Lyft, you can work whenever you want. While the pay might not be enormous, you do have the ability to earn tips. If you’re in a highly-trafficked area such as Los Angeles or New York City, this is a great way to earn some cash, and you don’t even need a car.

5. Rent your spare room on Airbnb.

Airbnb offers a great resource for people willing to rent out a spare room or even their entire home. If you’re in a bind for some fast cash, AirBnB offers you an avenue for creating an income. You’ll get paid 24 hours after a guest checks in, which is to avoid any problems or potential scams that might arrive. Some people earn their primary income just by renting out rooms or homes on Airbnb.

6. Manage social media for small businesses.

Many small businesses need a social media manager. They don’t have the time nor the expertise to be constantly posting on social media platforms like Facebook, Instagram, Snapchat, or Twitter. Take it upon yourself to contact local businesses and offer up your services for a contracted monthly fee. This is an easy way to make money no matter where you live.

7. Answer questions on JustAnswer – fun side hustle ideas

Websites like JustAnswer pay you to answer professional questions. If you have a high-level skill such as experience in law, medicine, or information technology, you could get paid to help others navigate certain topics or areas of contention that they might be faced with in life.

8. Sell services on Fiverr

Fiverr helped give birth to the Gig Economy. Although services start at $5, some Fiverr sellers are earning six-figure-plus revenues annually. You can sell just about anything on this platform, but to succeed and become a Super Seller, you need to deliver massive amounts of value, even at those lower price-points.

9. Do micro-jobs on Mechanical Turk.

Amazon’s Mechanical Turk platform is one way you can earn money, though it won’t make you rich by any measure. However, if you’re looking to take on micro-jobs that can be done in a few minutes each, by stringing them together, you could earn some cash that might help you out if you’re in a bind.

10. Tutor over Skype.

You can tutor people over Skype, no matter where you might live. This is great, especially if you’re a digital nomad and you’re looking to earn more money than the local job market can potentially provide. Tutor people from the U.S. or U.K. if you’re traveling through Asia or another low-cost-of-living country worldwide.

11. Get a part-time job.

Okay, so maybe you need some cash, and you already have a full-time job, and you’re just not comfortable making money online or trying to hustle with some web-based project. You could get a part-time job. You can kiss your social life goodbye, but it’s certainly a more guaranteed additional stream of income.
You can try freelancer.com freelance website.

12. Start a blog.

Okay, so you won’t make money that fasts with a blog. But, if you start a blog and deliver enormous amounts of value, you could set yourself up with a platform for ending a tremendous amount of passive income. You can easily build this on the side with just a few hours of work per week, but you need to stay consistent and post great content regularly.

13. Create an online course.

Create an online course with a platform like Udemy or Teachable and leverage some of your skills to create a healthy income. Depending upon how much time you invest in your course, you could make a substantial side revenue stream by creating courses that deliver tremendous amounts of value.

14. Build a sales funnel with ClickFunnels.

As an online marketer and a software engineer, I am obsessed with sales funnels. However, many people struggle with creating the proper funnel that converts. It takes a high degree of technical and marketing knowledge. However, ClickFunnels, a SaaS business with over 40,000 customers, which Russell Brunson started, takes all the guesswork out of that. Build a sales funnel and automate your selling with a platform like this.

15. Write an ebook.

I’ve long been drawn to the passive income supplied by creating an ebook and publishing an accompanied print-on-demand paperback. By using platforms like KDP and CreateSpace, both by Amazon, you can create an easily create and sell an ebook that costs nothing to produce and a paperback that earns you money only when it sells, removing much of the prior friction it took to get published.

16. Produce an audiobook.

Use a platform like ACX to create and sell audiobooks on platforms like Audible and iTunes. If you have a great idea for a non-fiction audiobook where you can teach a difficult skill like stock trading, foreign currency investing, accounting, online marketing, or others, you can easily create a five-figure monthly income with the right volume of audiobooks.

17. Become a personal chef.

Are you a good cook? You could become a personal chef and prepare meals for other people. You could easily market your services on social media or even go all out and build yourself a website. There are also plenty of websites you can use to market your services, such as HireAChef.

18. Do mystery shopping.

Companies of all kinds are looking for mystery shoppers. Mystery shoppers buy in secret, documenting their experiences with the retailer. This can be done at a physical store or an online store. If you do a simple search on becoming a mystery shopper, you can likely locate several services to assist you. Or, you can contact companies directly to pitch your mystery shopping services to them.

19. Walk dogs.

Almost anyone can walk dogs. If you live in a dog-filled neighborhood, create a few flyers on your computer and slip them into mailboxes. Identify yourself as a dog walker and pitch your price. Build up a steady stream of clients, and your dog-walking service will grow over time.

20. Babysit or become a nanny.

If you need to make some quick cash, you could always start babysitting or even become a part-time nanny. You use various sites to do this, like Care.com or SitterCity, or even post your services on social media sites. You’ll get vetted and rated for your services, so be sure to provide a top-notch experience.

21. Clean houses.

Housekeeping is always an option. There are loads of private families and homeowners renting out their homes on a short-term basis that needs housekeeping or house cleaning services. You can list your services on a site like HouseKeeper.com and many others to promote yourself.

22. Participate in marketing focus groups.

Marketing companies are always holding focus groups to study consumers’ responses to products, services, and advertisements across various mediums. I used to participate in these studies often in college, and so can you. You don’t need any special training to do it.

23. Have a garage sale.

You could always hold a garage sale to make some money by getting rid of excess clutter in your house. This is great if you have children with outgrown toys or have many items you’re looking to part ways with. Post up some signs around town or advertise on Craigslist.

24. Create YouTube tutorials.

Although this isn’t the quickest way you can make money with a side income, creating YouTube tutorials can help you earn a respectable amount of income as long as what you deliver is engaging and keeps people interested for long enough. You could also use free tutorials to upsell viewers on the products and services you might be offering.

25. Sell technical services on Upwork.

I’ve used Upwork as a platform to hire graphic and web designers for a long time. But Upwork also provides a platform for accountants, lawyers, and other professionals to earn money. Keep in mind that you’re keeping with thousands of other service providers, so getting this off the ground will take you some time.

26. Design logos on 99Designs.

If you’re graphically inclined and get a program like Photoshop and Illustrator, you could potentially compete for design work on 99Designs. However, you won’t get paid unless your design is chosen as the winning design, meaning you need to be an excellent designer to make an income that’s worthwhile here.

27. Become a personal shopper.

Want to shop for others? You could effectively become a personal shopper. If you live in an urban metropolis with concentrated wealth, then personal shopping services are in high demand in your area. Scour the web and other online resources such as ThumbTack to find people looking for personal shoppers.

28. Use TaskRabbit.

TaskRabbit links you up with people that are looking to complete specific tasks in your area. Tasks include things like lifting heavy furniture, assembling furniture, and so on. You’ll need to register and get vetted, but it’s a simple way you can make a bit of extra income.

29. Sell products on Etsy.

Use Etsy to sell crafts or other home-made items. Etsy is one of the largest resources for selling handmade goods on the internet. You could also sell digital items such as digital posters that can be printed out.

30. Teach a language.

If you know a second language, and you’re well-versed enough in it, you could teach it to others. You can even teach English to students, or if you’re traveling as a digital nomad, you could teach English as a second language in your country of choice.

31. Wash and detail cars.

Wash and detail cars in your area. Hand out flyers in your neighborhood or post on social media offering your services. Mobile car washing and detailing has become a relatively lucrative business in more upscale neighborhoods.

32. Open a Mobile Pet Grooming Service

Try your hand at pet grooming. Purchase and outfit a mobile van so that you can groom pets on the go. This does require a small investment, but it’s a side job you could enjoy when you have spare time.

33. Start a food truck.

Purchasing a food truck requires a substantial investment, but the food truck business is growing significantly. Location and cuisine choice are important. Be sure to do ample research before getting started.

34. Become a freelance article writer.

Write articles for other people. If you have a passion for writing, you could help out other bloggers or become a ghostwriter for a well-known author. Use sites like Freelancer, Upwork, and others to advertise your services.

35. Personal training.

Find clients that you can help out to achieve their weight loss or fitness goals. Create meal plans or construct workout routines, and you could make an admirable income for your efforts.

36. Give music lessons.

If you play the piano, guitar, or another instrument, consider teaching others in your local area. Advertise online through social media or your personal or professional networks.

36. Become an affiliate marketer.

Affiliate marketing is an extremely alluring industry. However, many affiliate marketers don’t make much money. If you have the skills it takes to succeed in this arena, you could quite literally make a small fortune. But be careful not to get drawn into pie-in-the-sky hopes or dreams of making money without putting in much effort.

37. Do email marketing.

Email marketing is one of the most profitable forms of marketing that exists online. However, attracting subscribers and making a personal connection with them takes a good deal of work. Use platforms like LeadPages, Aweber, Constant Contact, MailChimp, and ConvertKit to get things off the ground.

38. Write resumes.

Good at writing resumes? Use sites like LinkedIn and other professional sites to advertise your resume writing services. Do a few for free and grab some raving reviews, then watch your sales skyrocket.

39. Be an extra in movies.

If you’re looking to make a few extra bucks without a major investment of yours, try your hand at being an extra in a movie. There’s a lot of sitting around and waiting, but the pay is good if you’re in a production city like Los Angeles, New York, London, or Vancouver.

40. Reduce your expenses.

Sometimes, making some extra cash can be done by cutting expenses. When was the last time you audited all your monthly expenses? How much is going out the door for that gym membership you don’t use or those pricey lunches you have every day?

41. Start a GoFundMe Page.

Try raising some personal funds using GoFundMe. You can advertise your page to your network through social media, and if you can create a compelling enough story, you might have enough takers that decide to help you out.

42. Sell your hair.

Have long hair? Why not sell it to make a few extra bucks? Advertise your hair for sale on a site like HairSellOn or any number of others out there.

43. Become a house sitter.

Become a professional house sitter and watch homes for people that go on vacation or have a second home and don’t spend much time there. HouseSitter.com and Care.com both offer house-sitting jobs.

44. Teach driving lessons to students.

Are you a great driver? Why not get licensed as a driving instructor? You can advertise your services online and offline or use a site like Indeed.com to search for part-time driving instructor jobs.

45. Become a local tour guide.

If you live in a vacation destination, consider becoming a local tour guide. You could even offer your services for free and then ask for a tip at the end, drawing more people into touring with you.

46. Become a virtual assistant.

Virtual assistants are in high demand, but it only makes sense from an income standpoint if you have lots of free time and are very organized. It also doesn’t hurt to live in an area with a lower cost of living.

47. Do interior decorating.

If you have an eye for design, consider doing interior decorating for clients. Use a site like Houzz to advertise your services to the masses.

48. Sell on CafePress.

CafePress allows you to sell items that feature a digital design. If you’re a great graphic designer, you could create several designs that would fit different formats, such as shirts, hats, and cups, and earn a commission when they sell.

49. Invest with LendingClub.

LendingClub is a peer-to-peer lending service that you can invest in. If you have some extra cash and you’re looking to put it to use, you can leverage this platform to invest in businesses from a wide range of industries. Risk is calculated for you using algorithms, and the more risk in an investment, the more potential for reward.

50. Create a smartphone app.

If you have some app development skills and you’re proficient at Swift or Android-based development platforms, you could try your hand at creating a smartphone app. Obviously, this isn’t a quick or easy way to make money but could pay off big with the right idea.

Tips:

You can earn as much as you want if you are just willing, and for those who are willing, then.

How to Afford Full Time RVing? – Cost of Full Time RVing!

by freelancer

Everyone wants to have a life free of worries and tensions and even stresses, but choosing this life sometimes becomes your difficult decision. This has to be perfectly planned before you take this into real consideration.

What is RVing?

Rving is a lifestyle choice where people and whole families use a recreational vehicle, an RV, as a motor home. RV is a motor vehicle or trailer which includes living quarters designed for accommodation. Living in a travel trailer full time represents a drastic change in life.

Planning and making your expenses just according to your traveling is something on a small level. Still, if you are thinking about going on a full-time journey on RV, you really have to take your expenses on a serious level.

So let us start from here that you have decided to go on full-time travel, but for this, you need an RV, which is the first thing you are going to buy. I have met many people who actually did never know that buying an RV could be their worst decision. No! no! actually, buying a new RV could be your regretful decision.

There is always second hand, or you can say “used” RVs, which are available at a lesser price (affordable) price than the new one. By availing of this thing, you can actually save thousands of your dollars.

Which will help you in your expenditure that you are going to face in your full-time Rv traveling. Now, what is the thing that really comes first to mind?

Is RVing safe?

RVing is a safe lifestyle if you set camp inside RV parks, national parks. Avoid RVing in remote areas where you cannot get help in case something happens.

How to Afford Full-Time RVing?

To afford full-time RVing, you need to:

- Invest in Camping Clubs using camping clubs and memberships
- Learn to Boondock – camping for free
- Save money on food, use ALDI and coupon apps such as Instacart
- Traveling slowly will reduce your monthly fuel costs.
- Find free WiFi
- Use solar panels

See RVing under $1000 per month:

Where can you find the best-used RV at affordable prices?

This is obviously your concern if you have planned to buy a used RV (a second-hand RV). I was reading someone’s blog about their experience of buying a used RV and their journey from buying an RV to their full-time travel.

Actually, this was an awesome and lesson-giving story, where a couple had decided to go on a full-time journey, but spending on their travel was something that they were not completely aware of.

As explained and trusted by them and many other people, a website called NRVIA operates in this dimension. It acts as a third party, or, you can say as an RV inspector.

Now, what is their role in your journey of buying an RV?

Actually, there is a huge mess that when you buy a used RV at an affordable price, that on the shallow node looks perfect, but you would have no idea what hidden issue that RV has until you use it for some time, and that could start messing anywhere in woods where you may not have any help.

So the third party (inspector) inspects your RV completely; you call contact NRVIA directly. Their complete details are being provided on their web page.

Cost of Full Time RVing

Based on research, the average cost of full-time RVing is between $2500 and $3000 per month. The cost can be reduced to $2000 per month without health costs, business expenses, and paying taxes. However, there are frugal people who spend about $1000 per month.

For making your budget, first categorize your expenses like Food, RV, RV insurance, RV oil, fuel, etc.

By doing this, you will have a complete idea of how much you have to spend and how much you can save this month. So for the RV expenses, there should be a separate money box /saving box.

If you have not estimated the things right, you might be in drowning water. It is how that couple has estimated their budget without asking any experienced person or expert, and at the end of the year, this is what their budget was….. $43,486.

Estimated Vs. Actual Budget

Eating Out

Estimated: $50 vs. Actual: $125 ($75 over budget)

Groceries

Estimated: $250 vs. Actual: $283 ($33 over budget)

Cell Phones and Internet

Estimated: $175 vs. Actual: $248 ($73 over budget)

Health Insurance

Estimated: $150 vs. Actual: $14 ($136 under budget)

Camping

Estimated: $150 vs. Actual: $378 ($228 over budget)

Diesel, Propane & DEF

Estimated: $200 vs. Actual: $459 ($259 over budget)

Oil Changes and Other RV Items

Estimated: $50 vs. Actual: $81 ($31 over budget)

RV Insurance

Estimated: $100 vs. Actual: $172 ($72 over budget)

RV Payment

Estimated: $712 vs. Actual: $689 ($23 under budget)

This is a summary of what they have expected and estimated and their actual expenses.

Long Journey:

RVing full-time has never been a decision they have been or maybe anyone has been regretful about. This is an adventurous chance that people got such courage to leave their jobs and start traveling and earning as freelancers.

People got to learn so much while traveling, regarding cultures, living areas, people, different lifestyles, etc. If you plan to go on a long-term or full-time RVing journey, it is better to ask for the experts’ advice over your budget and expenses.

It is always a relief to have a small cushion budget left for saving or for any emergency. Save first and then do planning for the full time traveling.

How to make money while RVing full time?

To make money while RVing full time, you can do the following:

Amazon Camperforce
Amazon FBA Business
Amazon seller, Blogger
Blogger / Content marketer, Web/software developer
Carnival & circus work
Essential Oils Marketer
Freelance (insert your skill here)
Freelance Writer (reporter, blog post for hire, technical writing, business writing, editing)
Get paid to take online surveys.
Graphic Designer
Lettering artist, Digital designer, Drop shipper, Blogger.
Life coach, Speaker, Blogger, Virtual Assistant, Copywriter
Medical Coding
Mobile RV Mechanic
Mobile RV mechanic
Musician, Amazon seller, Etsy seller, Guest blogger, Podcast producer, Pinterest consultant
NASM Certified Personal Trainer, Fitness Nutrition Specialist, Online Fitness Coach
Online English Teacher
Online music teacher, Performing musician & Theater artist, Workcamper, Blogger, Freelance writer, Virtual assistant.
Remote business intelligence developer, National park mechanic
Remote corporate employee, Freelance writer, Public speaker, Author, Blogger, YouTuber, Podcaster
Remote government contractor (Jessica), Aircraft Dispatcher (Robert), Blogger, YouTuber
Remote work specialist, Career Coach, Speaker, Blogger
Run an Etsy Shop
RV Renovator
Seasonal bartender/server in a touristy area
Seasonal retail worker
Sell goods at festivals, fairs, and RV shows.
Telehealth doctor, nurse practitioner, or mental health clinician.
Traveling Medical Professional
Traveling salesman
Video Editor
Virtual Assistant
Virtual marketing business owner, Travel blogger
Web Designer
Workamping Expert, Blogger
Workcamper, Social media virtual assistant, Freelance writer

Making Money on Turo!

by freelancer

What is Turo?

Turo.com is a website where people can rent their car to travelers and earn additional income. Travelers can book the car of their dreams, and the owner will confirm or decline the trip within eight hours. Turo average earnings for car owners is $500 per month.

How to make money on Turo?

Making money on Turo is based on a service where people can rent their car to travelers and earn additional income. The process starts with a notification when someone requests to book your vehicle. If you agree to the request, you meet your guest at a predetermined location, check the customer’s license, do a walk around, make a note of fuel and mileage, and provide keys. Turo average earnings for car owners is $500 per month.

Are you making money for side income? Or are you still struggling to reach out to how you can earn some good amount of money that will help in your budget? Although there are many ways to earn from them, some options really are suitable and proved as fast earning ways, especially for vehicle owners.

Have you ever thought that your car is making money for you if you are one of them? I guess not so many believe that renting out your car is a great way to make some extra money. Now the question is where and how you can do this; although the vehicle is the most expensive property, you want to be in safe hands. I recommend Turo for this.

This is the best way to earn money; you can earn up to 25% extra of your budget. In this article, the complete guide will be here to know about Turo and renting out your cars on Turo.

Here’s what you need to know about sharing your car and making money on Turo.

What is Turo?

Now, what is Turo actually? The Turo is a company that allows you to rent out your cars (if you want) online and earn through it. The Turo is just like the Airbnb of cars. If you own a car, you can rent it on Turo.

And if you do not own a car and want a car for a vacation here, you will get the car of whatever you like and select them online and contracting directly with the car owner. It’s quite interesting that the owner can make at least $ 500 a month. Turo has provided this platform for the consumer and seller (dealer). Turo’s motto is “let your car work for you.”

You upload your car post when it is available and in its best condition so that your car can provide the best and reliable services to its user. This way, you will earn by sparing no effort on it.

On Turo, you call your car users to whom you will give you to drive are called “guests.”

Pros:

There are many pros, but since one of the benefits is highlighted and can be seen easily, you do not have to make any effort or struggle to make money. You can do your regular job 9-5 without compromising any of your time earning a side income.

Cons:

since everything has advantages and disadvantages, making money on Turo also has some hurdles too; first of all, on turo, it is not easy to make money if compare this to Airbnb, which is quite easy. Like on Airbnb, it is convenient to take care of an apartment and the stuff, but for cars, you need a space to park it, and it should be safe as well. For car safety, you have to be careful and vigilant, and the guest should be responsible for security.

It takes a little time to make some profit on the rides you have offered to the guests because every time you got a new guest, you need to service your car again, which costs you too.

How Turo actually work?

Listing your car is not a thing to make an effort on. This is simple and takes less than 10 minutes to get your car listed on Turo.

Here are some of the steps to follow after you decide to rent out your car on Turo.

Sign up on the Turo website, which will ask you about yours, like creating your profile.
After that, you can list your car on it; by adding some cool pictures of your car and its description and setting the charges for a day, you can upload it successfully.
It’s a great feature that Turo holds; it provides you a calculator that gives complete information about the prices of the cars daily, so you do not have to worry about the average car rates or rents.
It is an active website to notify you when your car got any interested user or wanted to book your car. You will get a notification right away.
When you decide and want to move with someone’s request, you set the place to meet. But before handing over the car keys, it’s always better to take some further information, for example, take a small test drive with him or her, check his or her driving license, and make a note of fuel that you check before you set off your car.
Here you go.
After the trip, when you get back to your car and its keys, try to remind yourself that you have to completely check the car.
Then ask for the payments.

This way, you can easily make a deal with your prospective customer or user. Turo has its verified Payment methods through PayPal for international hosts. Here are some of the tips regarding payment and some main policies.

On Turo, if you have the car host for nearly 72 hours or less, you can get the payment, but in some cases, if you have rent out you’re for more than a week, then Turo will pay your payments partially, like after 7 days.

How much money can you earn from renting out your car on Turo??

Well, somehow, the Calculator works as the calculator, basically. It gives you an idea of how much you can earn from renting out your car. You will have a rough idea of how much you can make. In some cases, if your city is not on the list of Turo, you can still get the average idea of your car.

Earning from renting out depends on, or you can totally be based on some of the factors that somehow includes:

Age and condition
Style and features
Ease of pickup and drop off
Ease of parking

First is your car’s age, of course, the old car will have fewer charges to drive or put it on rent. Put yourself as a prospective guest of your old car. Will you take this risk to hire a car that is way too old?

The second comes to the car’s condition; the more it looks better, the better chances for it to be more in suggestion. If your car does not have the best condition or near to perfection, then it’s quite obvious people might no longer take this for long trips. But there are still the chances for your car if you put fewer charges per day.

Third comes the features, the updated and comfortable car will have better opportunities to be paid on the desired charges you put on it. People will pay for sure; if it does not have the good features and its outdated model is not in any good condition, the same thing happens that fewer charges would have to be applied to them.

You can earn up to 30,000 to 5,000 dollars a year just as a side income for an average and good looking car.

What Type of cars can you put on Turo?

The question is how and which car makes you eligible to rent them out on Turo; it’s not to worry about much, though Turo does not take RVs and Bikes (motorcycle).

I have completed research to conclude that over 850 models and cars are now being on roads. There are gas, fuel, hybrid, diesel, or electric cars ranging from sleek models to rugged ones, Turo accepts all of them.

What happens if my car is damaged when someone drives my car?

If you are putting an ad for your car on Turo, obviously that, you will be worried about your car. In this case, when you go for renting your car on Turo, they actually cover up around 1 million dollars of insurance in case if there is any loss or damage to the car or maybe theft.

Besides this, there is surveillance in the US and Canada on roads that provides the best customer care and services. And if you need any help, you can even contact them.

Tips for hosting your first trip to Turo.

There are some of the tips for you when you host your first Turo trip. These are as follows.

1- Communicate with your car guest

You should be clear about the car condition and everything that your car guest really needs to know. Be confident about every detail and make them feel like they know about the car for so long.

The familiarity with the car and your familiarity with your car guest is the key area you need to clarify before you hand over the car keys. The better you know your guest, the more you will be at ease. Please have a good conversation with him or her before the trip.

2- Service your car

It is always good to give your car a good service before giving your car to the guest. Let it be checked thoroughly and let it be washed inside and outside too.

That will be count as a good gesture. Check by yourself, too, the tire pressure or oil, etc. By doing this, you will have an idea what was the condition of your car before you give this to your guest.

3- Verify your guest’s driver’s license

This is something significant do not take lightly before you set off your car and hand over the car keys to the car guest checking out the license.

Giving your precious car in someone’s hand whom you do not even know is a risk. So before anything, ask for the license and have a good introduction face to face. So you can be at ease after you give your car to them for the trip.

Some small yet important thing: check the expiry date on the license and double the details too. If you encounter any suspicious thoughts, you can contact the customer support service during business hours to ask about your doubts, etc.

4- Be responsive and stay in contact with the host of your car during the trip

During the trip, Turo allows you to make contact on the app to contact each other. In any case, if your car guest contacts you on Turo, you should be active to guide him regarding anything he or she wants help for.

Remain in contact makes you feel relaxed because of the updates, and the car guest will also be in relaxation.

Tips:

Renting out the things you have on your property can be useful if you do not use them. You can make some money out of them.

It’s always useful that people should bring some of those things that they do not have in much use to make some money as the side hustler.

You can spare quite a lot of money by just renting out your car on Turo; just like Turo, there are many other websites you can try to. Since Turo has its own significance, there are better chances for your car being on the safe side. You can always plan to give it a try and earn some extra money, which is not a bad idea.

Good luck with your trip.