A WOMAN who’s worth £240k ($420k) has revealed how she makes extra money outside of her job – and she barely has to lift a finger to do it.
Queenie Tan, from Sydney, Australia has made her fortune by making smart financial decisions, and she reckons anyone can earn loads of money too.
The marketing manager shares her advice on YouTube after starting to invest in her future at the age of 19.
But there are some simple ways to make extra cash, according to the money-saving guru, including using what you already have.
“By building up our passive income streams, this can enable us to free up more time, so we can spend time doing the things we really want to do in life and work on the things that make us truly happy,' Queenie said in the video.
"Pick and choose which ideas you would like to add to your income stream, so you can make money while you sleep.”
1. Rent out board games
We can't be the only ones with a stash of board games in the cupboard which we hardly use.
If this is you, Queenie reckons you can make a fortune by renting them out to people.
"A lot of people have parties, weddings and birthdays, and often they will rent games instead of having to purchase them because they only need them for one day," she said.
This isn't limited to just board games either but even outdoor games you might have laying around.
2. Rent out your car
Cars can be expensive to run, but if you have one you don't use that much, consider renting it to other people instead.
Queenie suggested Car Next Door, which is an Australian service, or ZipCar in the UK.
The UK has other alternatives as well including Hiyacar and Getaround which enable you to make money while someone else drives your car.
3. Rent out your garage or a parking spot
Additionally, if you have a garage or parking spot at your home and no need for it, allowing someone else to use it instead can earn you some serious coin.
"We used to rent out our garage for $50(£27) a week which is pretty good income considering we didn't really have to work for it," Queenie said.
If you do this for roughly £25 a week, you could make £1250 a year just by doing nothing.
4. Rent out a room
If you feel comfortable doing so, Queenie suggests renting out a spare room in your house or flat if you have one.
"If you're not using all of the rooms in your apartment, you can rent out a room in your place and start earning some passive income," Queenie said.
You can do this on a more permanent basis, or try something like AirBnB for temporary stays – particularly if you are going away and won't be using your home.
5. Bank interest
While it might not work for everyone, the savvy saver suggests putting money aside in an "emergency fund" which should cover "three to six months of living expenses."
This is in case you suddenly lose your job and don't have income – but it shouldn't be used unless you really need to.
Queenie suggests choosing a high interest bank account for this one so that you are earning interest on your funds without doing anything.
It may not seem like much, but it's bound to add up – and every little bit counts.
Queenie previously revealed her money-saving recipes & how she eats for just £34 for two weeks.
Plus the four money mistakes you should stop making NOW.
And this woman has made £20k renting out her clothes, and says she's a shopaholic & it’s an easy way to pay for more outfits.
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