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Ways to Earn Extra Cash on the Side

Some extra cash is always useful! Money is tight. Bills continue to rise, but your pay check remains the same. While you have tried to find an alternative job that offers a more lucrative salary, there’s nothing available at the moment that fits your skills and experience.

Is all hope lost? Will you have to start selling your possessions and cutting back on luxuries? The answer to these questions is ‘No’. That’s the case if you are willing to earn extra cash on the side – which is likely if you’re reading this article.

In 2020, 27% of people in the United States took on side gigs to put more money in their pocket. While far from an ideal scenario, it is a convenient one that can free you from financial restraints.

If you’re wondering how to bulk up your bank balance, here are four effective ways to earn extra money on the side:

Delivering shipments

If you have a mode of transport, there’s the possibility you can carry out deliveries for extra cash. Your mind might instantly be transported to delivering fast food for a local takeaway joint or through a platform like Uber Eats, but there are other solutions available when you want to start delivering products to customers.

When searching for shipping work, Shiply is a great place to look for work. This platform’s load board is constantly updated with new jobs as thousands get added each day. It’s simply a case of finding local jobs you can carry out, putting in a bid, and, if selected, completing the delivery. There are no set hours or quotas to meet, which means you can come and go whenever needed – ideal for a side gig.

Freelance online

You don’t have to leave your house to make some extra coins. With online freelance platforms like Freelancer available, you can find opportunities in everything from logo design to writing blog content.

Getting started with online freelance work can be difficult – especially if you fail to have expertise in a certain field. Yet once you get the ball rolling and gain experience and positive customer reviews, the door opens to more frequent and lucrative projects.

Take surveys

Admittedly, you’re not going to be rolling in money by going this route. Yet taking surveys is a straightforward way to add a little extra cash to your earnings. There are various survey websites you can sign up with, where you will be paid a small amount of money – or possibly receive a gift card – for each survey completed.

Start a business

This may seem a little too drastic as a side gig, but it’s possible to run a small – and profitable – business on a part-time basis. For example, via marketplaces like Etsy, Amazon, and eBay, you can resell products found at thrift stores or even make your own creations like jewellery and paintings.

Of course, the possibilities are endless in terms of what business you can start. Plus, if it takes off, you could even scrap your current job to focus on your company full-time!

2020 Global Sustainability Report

A comprehensive global report on sustainability and the implications on the insurance industry has been published today. The report looks at sustainability-related initiatives and frameworks around the world and analyses the current status in 19 countries.

With its global reach and coverage the report is the first of its kind setting out the legal basis for sustainable insurance.

The insurance industry is affected by environmental, social and governmental risks in its entirety. From asset prices and investment choice to business transition risk; the ESG risk to insurers’ own operations including property, personnel supply chains and claims – the insurance industry will need to deal with many issues.

However, it is also uniquely placed to play a fundamental role in as part of the solution. Insurance engages with almost every industry and sector; it owns a large amount of the world’s assets and it has a global reach and a finely detailed knowledge of risk transfer and solutions.

The report was launched at an online event attended by industry members from a variety of functions at insurance companies, brokers and consultancy firms with speakers from UNEP FI, AIG, Insurance Council of New Zealand and FTI Consulting.

During the session a survey was conducted which found that in spite of the COVID-19 pandemic 69% of attendees had experienced an increase of the importance of ESG issues due to public attention and policymaker statements.

This has been reinforced by increasing focus on ESG topics from employees and customers and 38% of attendees noticed a marked increase in their competitors’ activities in this area.

Within insurance companies the areas most affected by ESG issues were Investment and Risk Management departments.