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Thanks to high demand and inflation, the cost of home repairs has been on the rise in recent years. In 2023, the average household spent $2,458 on maintenance and $1,667 on emergency repairs, according to Angi’s State of Home Spending Report. The report also found that total spending across home improvement, maintenance, and emergency repairs increased 6% compared to 2022.

The most common home repairs include the usual suspects: electrical, plumbing, HVAC, water damage, and termite damage. Keep reading to learn more about these issues and the cost of repair or replacement, so you can be prepared when reality bites.

Estimated Cost of the Most Common Home Repairs

Low-cost preventive measures — like cleaning your gutters or getting your heating and cooling systems serviced annually — can help keep common home repair costs down. But even with the best preparation, surprises (like a busted pipe or roof leak) happen, and when they do, you can be on the hook for thousands of dollars. Whether you’re a new or longtime homeowner, it’s a good idea to plan for — and budget for — home repairs.

Below is a roundup of the most common home repairs and average costs.

Recommended: How to Pay for Emergency Home Repairs

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Foundation Repair

A number of different issues can occur with foundations, some of which are more serious (aka, costly) than others. Among the most common problems are foundation cracks, which can be caused by house settling or changes in soil pressure around the home. Cracks can lead to water damage or cause the walls in your foundation or home to bow. Foundations can also begin to sink, due to changing weather patterns, nearby tree roots, or erosion.

Since the foundation is the footprint of your home, repairs can be complicated and expensive. According to Angi, foundation repair costs can range anywhere from $2,196 to $7,921.

Average cost of foundation repair: $5,056

Electrical Issues

While there are many home repairs you can safely DIY, electrical issues and wiring are generally best left to professional electricians. Working with live wires can be dangerous and faulty electrical work can be a significant fire hazard. Some signs you may need to call an electrician include:

•   Burning smell coming from an outlet

•   Buzzing or sizzling noises coming from an outlet

•   Flickering lights

•   Outlets feel hot to the touch

•   You have 2- rather than 3-prong outlets

•   Circuit breaker continually trips

•   Appliances spark when plugged in

Depending on the length and complexity of the job, the cost of hiring an electrician ranges between $163 and $535. Installing a new outlet can run $200 to $300, for example, while replacing a breaker panel can cost anywhere from $520 to $2,120.

Average cost of electrical repairs: $348

Recommended: What Is the Cost to Rewire a House?

Roof Repair

Your roof protects your home from the elements, so it’s important to keep it in top condition. If you notice any damage or signs of wear and tear, you’ll want to address them sooner rather than later. This can help prevent small problems from becoming serious and expensive. Signs that your roof may be compromised include broken, cracked, curling, or missing shingles, and any interior signs of water damage (such as dark spots or discoloration on walls or ceiling and/or mold or rotting wood in the attic).

The cost of a roof repair will depend on your home’s location, roofing material, size of your home, and the type of roof. On average, costs run between $391 and $1,901. By contrast, a full roof replacement can run between $5,900 to $12,900. Due to the significant price difference, you would generally only invest in a new roof if the damage to your existing roof is extensive or the roof is near the end of its life.

Average cost of roof repairs: $1,133

Repair or Replace a Water Heater

Due to mineral buildup and the routine breakdown of components, water heaters do not last forever. Depending on how extensive the repairs your water heater requires, you can be on the hook for a new unit entirely. And if you’ve ever taken a cold shower in the middle of winter, you know this is one repair that is essential to your quality of life.

On average, homeowners spend anywhere from $221 to $980 on water heater repairs. Your actual bill will depend on the cost of the part needed for the fix, how much your local water heater professional charges for labor, and the length of the job. Where you live and where the water heater is located in your home can also impact costs.

Average cost of water heater repairs: $600

Water Damage

Water damage is fairly common. It can result from a crack in an old pipe, a leaky roof, an unusually strong storm, or sewage backup. To prevent mold growth and further damage, it’s best to fix the issue and clear out moisture as soon as you spot it.

Water damage restoration can involve replacing wallboard, flooring, and/or ceilings, as well as ensuring that no mold spores are left behind to spread once the repairs are complete. Two important factors influencing price are the square footage affected and the type of water (i.e., whether it’s clean or has been contaminated with potentially harmful substances). The cost of water damage restoration generally ranges between $1,300 and $5,600.

Average cost to fix water damage: $3,300

Replacing Pipes

Replacing older pipes is a common home repair often needed after a home inspection. Common problems include dated construction materials with a known problem in their manufacturing, signs of corrosion, clogs, and leaks. And because pipes run behind walls and underground, repair costs often include patching up interior holes and dug-up yards.

The good news is that not all leaks, burst pipes, and signs of corrosion require replacing large amounts of plumbing. Often, a plumber can replace a small section of the pipe affected by the damage. The cost to install pipes for a repair ranges from $370 to $2,108, though it can run higher if the damaged pipes are difficult to access.

Average cost to install pipes: $1,237

Recommended: Renovation vs Remodel: What’s the Difference?

Septic System Repair

A septic tank contains and filters household wastewater. If it is damaged or not functioning properly, it’s important to deal with the problem quickly — otherwise, you could be dealing with a smelly and costly mess. Sewage backups can occur when the septic tank becomes clogged or full, there’s a problem with devices within the tank, or there’s a blockage in the home’s main drain line leading to the tank.

Depending on the type of repair, tank size, permits, and other factors, the cost of a septic tank repair runs, on average, between $630 and $3,035. A small fix like repairing a septic tank lid could cost less ($150 to $500); but if you need to replace the tank, you could be looking at a bill as high as $9,500.

Average cost to repair a septic system: $1,831

Heating or Air Conditioning Repair

Your home’s HVAC (which stands for heating, ventilation, and air conditioning) system plays a key role in keeping your home comfortable to live in. Though there are many different types of HVAC systems, they generally all work by using energy to heat or cool the air to a desired temperature. The system may also add/remove moisture and filter your home’s indoor air.

An HVAC system typically has two main components: a heater (which could be a furnace, boiler, or heat pump) and an air conditioning (AC) unit. The type of system you have and the component that’s broken will significantly influence the cost of repairs. For example, an AC system repair can run anywhere from $450 to $2,000, while a furnace repair tends to run between $130 and $1,200. On average, homeowners spend between $130 and $2,000 on HVAC repairs.

Average cost to fix a heating or air conditioning system: $350

Mold Removal

Mold develops inside homes as a result of moisture and can lead to health problems. Signs that you may have a mold problem include:

•   Musty odor in a specific area

•   Discoloration on the walls

•   Peeling, cracking, or warping of floors or walls

•   Leaks or water damage

•   Darkening around tile grout

•   Worsening of allergy symptoms

While you may be able to remove small amounts of mold yourself (provided you’re certain the mold isn’t toxic), often the best option is to hire a mold remediation professional.

The cost for mold removal will vary widely depending on where it is located in your home. Mold growth in hard-to-reach areas, like drywall or your HVAC system, generally costs more to remediate since it can require more time, materials, and labor. The size of the infestation and the type of mold that is growing also influence costs. On average, mold removal runs between $373 and $7,000.

Average cost of mold removal: $2,362

Termite Damage

The problem with termites is that they literally eat away at your house. They can also eat through your budget: The cost to repair termite damage can range anywhere from $1,000 to $10,000 or even more.

Generally, the longer termites chew on the wooden structure of your home, the more costly the repair will be, so it’s key to recognize — and deal with — any signs of a termite infestation early. If you catch a termite problem early, for example, you may only need to replace a few damaged boards or joists, which can run from $250 to $1,000. If the problem goes on for a while, however, you may need to replace damaged walls, framing, or floors — at a cost of $1,000 to $3,000. Worst-case scenario: Termites do enough damage to your home’s infrastructure (like beams or load-bearing walls) that it becomes structurally unsound. A major termite repair job can run from $3,000 to $10,000-plus.

Average cost to repair termite damage: $3,000

Average Cost of Home Repairs

Trying to predict — and budget for — home repairs can be challenging. However, there are several rules of thumb that can help homeowners:

•   The 1% Rule. One common guideline is to set aside approximately 1% of your home’s value annually for home maintenance. So if your home is worth $500,000, you’d want to have $5,000 tucked away in savings to cover general upkeep and repairs for the year.

•   The Square Foot Rule. Since a larger home typically costs more to maintain than a smaller one, another formula is to use the square footage of your home to estimate maintenance and repair costs. With this approach, you set aside $1 for every square foot of livable space. So if your home is 2,300 square feet, you would want to have $2,300 in savings earmarked for home repair costs.

•   The 10% Rule. With this rule of thumb, you put aside 10% of all your main monthly expenses (such as mortgage, taxes, and insurance) for your monthly home maintenance budget. For example, if your mortgage is $1500/month, taxes are $300/month, and insurance is $150/month (a total of $1950), your budget for home maintenance would be roughly $195 per month or $2,340 a year.

If you don’t have enough savings to cover the cost of a necessary home repair, there are financing options, including home equity lines of credit (HELOC) and credit cards (though this can be an expensive choice).

You can also use a personal loan to cover the cost of home repairs or improvements. Available through banks, credit unions, and online lenders, this type of loan (sometimes called a home improvement loan) typically doesn’t require any type of collateral or home equity. However, you usually need good to excellent credit to qualify.

The Takeaway

It’s tough to predict the cost of home repairs. Different budgeting standards suggest putting aside 1% of your home’s value or $1 per square foot annually. In 2023, the average household spent $2,458 on maintenance costs and $1,667 on emergency repairs. Among the priciest home repairs are major foundation work (up to $7,921), roof replacement (as much as $12,900), and septic tank replacement (which can run $9,500). Even expenses like fixing termite damage or replacing a broken water heater can all but consume your savings.

Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. Checking your rate takes just a minute.

SoFi’s Personal Loan was named NerdWallet’s 2024 winner for Best Personal Loan overall.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

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Source: sofi.com

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Categories

Fix and Flips

September 12, 2024
by Mark Ferguson

As a house flipper with over 20 years of experience, I’ve often heard misconceptions about how flipping affects the real estate market. Some believe flippers drive up housing prices or take homes away from owner-occupants. In reality, the situation is much more nuanced, and flippers actually play a vital role in stabilizing the market.

Table of Contents

Video: House Flipping’s Impact on the Real Estate Market

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Do House Flippers Take Homes Away from Owner Occupants?

Many assume flippers are outbidding potential homeowners, but that’s rarely the case. In fact, owner-occupants typically have a competitive edge. Here’s why:

  • Flippers Have More Costs: When I buy a home, I have to factor in repair costs, labor, materials (which have skyrocketed), holding costs (utilities, insurance, taxes), and financing. Homeowners, on the other hand, don’t incur most of these expenses.
  • Owner-Occupants Can Pay More: Since they’re living in the house, owner-occupants can often afford to pay $20,000 to $30,000 more than a flipper, still getting a great deal and building equity.
  • Livability Standards: Most owner-occupants use loans like FHA, VA, or conventional loans, which require the home to be in livable condition. Houses that flippers buy—like those with holes in walls or broken plumbing—often don’t meet those standards, meaning we’re not competing for the same properties.

Why Are We Buying the Homes No One Wants?

The homes we buy usually aren’t competing with those available to owner-occupants. They’re homes that need serious work, often too much for the average buyer to handle. Whether it’s through a foreclosure auction or from sellers who want to avoid showings and inspections, many of these homes would otherwise sit vacant.

The reality is, most buyers don’t want the hassle of dealing with broken heating systems, electrical issues, or mold. That’s where we come in, using our expertise to restore the property.

Fix and Flip 70 Percent Rule Calculator

Are House Flippers Raising Housing Prices?

Another common myth is that flippers are raising housing prices. However, this idea doesn’t hold up to scrutiny:

  • Appraisals Keep Prices in Check: After we renovate a house, the new buyer still needs an appraisal, and appraisers typically won’t value a house beyond what comparable homes in the neighborhood are selling for.
  • Neighborhood Caps: In many areas, there’s a price cap on what homes will sell for, regardless of how nice the renovations are. Trying to exceed this cap can lead to financial disaster.
  • Low Appraisals: Sometimes, appraisers will even come in low, assuming that the flipper is making too much profit, which can further limit prices.

Flippers can’t single-handedly raise prices. In fact, most of us aim to buy at a discount to cover our renovation and holding costs while ensuring the home’s final price is competitive.

Do Flippers Just Put “Lipstick on a Pig”?

It’s true that some flippers only make cosmetic improvements, but that’s not the norm. My team and I thoroughly inspect the homes we purchase, addressing major issues like plumbing, electrical, and structural repairs. While cosmetic flips happen, they’re usually the result of specific situations, like a seller needing a quick, hassle-free sale.

When buying homes, we focus on making the property safe, livable, and up to code—because if we don’t, it’ll be impossible to sell it later. That said, bad actors exist in every industry, and there are some flippers who cut corners. That’s why inspections are crucial for homebuyers, especially with flipped homes.

What is the Best Way to Invest in Real Estate?

How House Flippers Help the Real Estate Market

The idea that house flippers hurt the market is flawed. In reality, we contribute by:

  • Adding Inventory: Many of the homes we buy are vacant, unlivable, and have been off the market for years. By fixing them up, we make these properties available to buyers, increasing the housing supply in tight markets.
  • Revitalizing Neighborhoods: Many homes we flip are eyesores that have been neglected. Renovating these properties improves neighborhood aesthetics and prevents further deterioration.

My House Flip Case Studies

Landlords and Flippers: A Misunderstood Group

Like flippers, landlords are often seen as contributing to housing problems, but this isn’t accurate. There are fewer single-family rentals today than in 2016—1.2 million fewer, in fact. While corporate landlords dominate the headlines, the reality is that more homes are being purchased by owner-occupants than landlords, which reduces rental inventory and contributes to rising rents.

When landlords do buy and renovate dilapidated properties, they’re also adding to the housing supply, particularly for those who can’t afford to buy a home. This added inventory helps stabilize both rental prices and the overall market.

Conclusion

The real estate market is complex, and while there are bad actors, most house flippers are providing a necessary service. By buying homes that are unlivable, fixing them up, and putting them back on the market, we’re helping to increase supply in a housing market that’s always in need of more options. While we aren’t perfect, flippers aren’t the villains of the housing market. We’re just another piece of the puzzle.

Source: investfourmore.com

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Are you looking for the best digital marketing side hustles? Digital marketing side hustles are a great way to earn extra money online. With so many options like social media management, SEO, and affiliate marketing, there’s bound to be a side hustle that fits your interests and skills. Why should you start a digital marketing…

Are you looking for the best digital marketing side hustles?

Digital marketing side hustles are a great way to earn extra money online. With so many options like social media management, SEO, and affiliate marketing, there’s bound to be a side hustle that fits your interests and skills.

Why should you start a digital marketing side hustle? It gives you the freedom to work from anywhere, the flexibility to set your own schedule, and the chance to build new skills. Whether you’re a beginner or have some experience, you can probably find a digital marketing side hustle that works for you and suits your lifestyle.

I have been hearing the term “digital marketing side hustle” a ton online lately, and I wanted to write a full article on it so that you can learn more about it as well. These types of side hustles are extremely popular right now (and I think they will be for a really long time)!

What is digital marketing?

Digital marketing is any online marketing that takes place on the internet.

It includes a lot of different activities:

  • Social media – Sharing posts on platforms like Facebook and Instagram
  • Email – Sending promotional messages to people’s inboxes
  • SEO (Search engine optimization) – Making a website more visible on search engines like Google
  • Content creation – Writing blog posts or making videos to connect with an audience

Why is digital marketing important?

It helps businesses reach more people. Many people shop online, so having a strong presence is key.

A digital marketing side hustle is a way to make extra money by growing a business online (this could be your own business or someone else’s!). This could mean running social media accounts, making ads, writing content, or improving websites so they show up better in search results (SEO).

It’s a flexible job you can do from home and often at your own pace, which is great if you want to earn money without a full-time job. Some people even turn their digital marketing side hustle into a full-time job (this is what I’ve done!).

Best Digital Marketing Side Hustles

Below are the best digital marketing side hustles.

1. Blogging

Blogging is a great digital marketing side hustle for a person who wants to be creative.

For me, this is my favorite digital marketing side hustle, and I started this very blog that you’re reading as a side hustle. (It’s now my full-time job.)

I started making over $1,000 a month from my blog around one year after starting, and I was making around $10,000 a month just two years later. I have now earned over $5,000,000 from my blog over the years (you can read all of my income reports here). I am able to travel whenever I want, and I really love what I do.

You can start a blog about something you’re passionate about. Whether it’s cooking, travel, or fashion, there’s an audience out there for almost any topic.

To make money from your blog, you can use display ads, sponsored posts, affiliate marketing, or even sell your own products (like courses, ebooks, T-shirts, etc.).

I have free training that you can take to learn more about starting a blog – How To Start A Blog FREE Course. Want to see how I built a $5,000,000 blog? In this free course, I show you how to create a blog, from the technical side to earning your first income and attracting readers.

2. Social media management

Social media management is a popular digital marketing side hustle. Businesses need help with their social media accounts and you can earn money by managing these accounts for them.

Social media managers create posts, respond to comments, and grow their followers. This helps companies get more customers and build their brand.

I have been a social media manager in the past, and it is an interesting and fun job if you like social media. I specialized in Facebook marketing, but you could manage a company’s TikTok, Pinterest, Instagram, and more for them.

3. Affiliate marketing

Affiliate marketing is a great way to earn money online. You promote products or services and earn a commission for each sale made through your referral link. This can be done on platforms like blogs, YouTube, or social media.

Affiliate marketing is one of my favorite digital marketing side hustles too! I love that I can write content and possibly earn money from it years later, all because people are still searching and reading the content that I wrote a long time ago. So, this means that I can earn money while I’m sleeping or on vacation.

One of the other best parts about affiliate marketing is that it has a low entry cost. You don’t need to invest in inventory or worry about shipping. You just share products you believe in and can start earning money (the company that you are promoting does most of the work).

Creating quality content is key when it comes to affiliate marketing. I recommend that you always write honest reviews, make tutorials, or share personal experiences. These best practices build trust with your audience and increase the chances they will buy through your links.

Plus, there are affiliate programs for almost every product you can think of nowadays, so this is a digital marketing strategy that you can probably easily start.

If you want to learn more about affiliate marketing, I recommend learning more at Affiliate Marketing Tips For Bloggers – Free eBook.

4. Selling online courses

Selling online courses can be a great way to make extra money. If you have expertise in a subject, you can create a course and sell it online.

Many people are looking to learn new skills and are willing to pay for quality courses. I buy online courses all the time and I have learned so much. (I have bought courses related to running an online business, blogging, personal finance, and even parenting courses such as childbirth and baby sleep.)

Here are some course topic ideas:

  1. Personal finance – Courses on budgeting, investing, or paying off debt can be popular.
  2. Blogging – Teach others how to start a blog, create engaging content, or monetize their platforms.
  3. Online business and entrepreneurship – Share insights on starting an online business, dropshipping, or creating digital products.
  4. Health and wellness – Topics like fitness routines, nutrition planning, or mental health can be so helpful.
  5. Skills and hobbies – You can teach anything from photography, painting, and cooking to coding, graphic design, or language learning.
  6. Career development – Courses on resume writing, job interview strategies, or career coaching can be valuable for those looking to advance in their careers.
  7. Social media marketing – Teach strategies for growing a following, creating content, or using platforms like Instagram, TikTok, or LinkedIn for business.
  8. Parenting and family – Courses on parenting strategies, homeschooling, or managing work-life balance as a parent can be very helpful.
  9. Arts and crafts – You can sell courses on creative writing, drawing, digital art, or playing music.
  10. Travel planning and hacks – Share your expertise on travel planning, finding deals, or traveling on a budget.

Creating a course can take some time, but the payoff can be worth it. You can record video lessons, create quizzes, and provide downloadable resources. Once your course is ready, you can sell it on platforms like Teachable (this is the platform I use for my courses) or your own website.

You can learn more about the course that I created at How I’ve Made Over $1,000,000 From My First Course Without a Big Launch.

5. Creating a YouTube channel

Starting a YouTube channel can be a great way to make money. It’s all about creating videos that people want to watch. You don’t need fancy equipment and many people start with just a cell phone.

The key to success on YouTube is to find a niche you enjoy and create consistent, high-quality content that resonates with viewers.

Making money with your YouTube channel can be done through multiple ways, such as ad revenue, sponsorships, affiliate marketing, and selling your own products or services.

You can learn more at How Much Money Do YouTubers Make?

6. Dropshipping

Dropshipping is a popular way to start a side hustle. This type of business lets you sell products online without needing to have inventory. All you do is set up an online store, and when a customer orders, the supplier ships the product directly to them.

You don’t need a big budget to start dropshipping. Most of the costs go into creating and marketing your online store, so this can make it a low-risk option for beginners.

7. Virtual assistance

Virtual assistance is a flexible and rewarding side hustle. If you’re good at organizing, managing tasks, or providing customer support, you can help businesses stay on track.

Virtual assistants (VAs) do many kinds of work. You might handle emails, manage social media accounts, manage their blog, schedule appointments, and more. You can choose tasks that match your skills.

You don’t need much to get started. A computer and internet connection are enough. Many clients don’t care about formal education as long as you can do the job well.

I was a virtual assistant for several years, and I really enjoyed the job. Now, I currently have a virtual assistant and she is a lifesaver for my business!

You can learn more at How To Find Virtual Assistant Jobs.

8. Selling ebooks

Selling ebooks is a good way to make money online. You can write about anything you know well. Whether it’s cooking, personal finance, fiction, or self-help, there’s an audience for your expertise.

Or, you can also write fiction such as romance novels.

Publishing platforms like Amazon Kindle Direct Publishing (KDP) and Barnes & Noble Press make it easy to self-publish and reach a wide audience. You can also sell your ebook directly from your own website, allowing you to keep a larger portion of the profits.

Promotion is extremely important when it comes to writing a book, so you’ll want to use digital marketing, such as social media, your blog, or even email marketing to reach potential book buyers.

The best part about selling ebooks is that it creates passive income. Once your ebook is published, it can possibly sell with little ongoing effort, making it a great way to earn money over time.

9. Graphic design

Graphic design is a good side hustle for anyone with a creative eye. You can use your skills to create logos, websites, social media graphics, and more. People and businesses always need good design to stand out.

I have hired graphic designers many times in the past, and I know of many other business owners who have as well.

One of the best things about graphic design is that you can start without spending a lot of money. There are free or low-cost design tools, like Canva, that help you make professional-looking graphics without needing expensive software.

Graphic design is needed in many fields, from making social media images and website banners to designing ebooks, infographics, and print materials. This gives you the chance to pick projects that match your interests and skills.

10. Freelance writing

Freelance writing is a great way to make extra money. If you love writing, it’s a perfect fit. You can write about topics you enjoy and get paid for it. Many businesses need content for their blogs, websites, and newsletters.

As a beginner, you might start with lower-paying jobs. This helps you build a portfolio. Over time, you can raise your rates as you gain experience.

There are many types of freelance writing. You can write articles, blog posts, product descriptions, or social media content. You might also do copywriting or ghostwriting.

I have been a freelance writer for years and I really enjoy it due to the flexible schedule and being able to work from home.

You can learn more at 14 Places To Find Freelance Writing Jobs – (Start With No Experience!).

11. Email marketing

Email marketing is a great side hustle. It involves sending emails to a group of people to promote products, services, or events. This may involve running your own email list or helping other businesses reach their customers directly.

You don’t need much to start. Just a computer, internet connection, and starting an email list on a platform like Convertkit.

For my email list, I use Convertkit. They make it easy to manage my newsletter email list and send high-quality emails.

12. SEO consulting

SEO consulting is all about helping websites appear higher in search engines like Google. If a website ranks higher, more people will visit it.

This might involve fixing content, making the site faster, looking for the best keywords (with keyword research), doing competitor analysis, building links from other sites, on-page optimization, and making sure the site works well on mobile devices. You’ll also need to keep up with the latest SEO trends and changes since search engines are always changing.

13. Run Facebook ads for small businesses

By running Facebook ads for local businesses, you can help small businesses reach new customers, and you may be able to earn $1,000 a month for each client that you have.

Facebook is one of the largest advertising spaces that exists, and this is an area that will just continue to grow and be popular.

Also, there is a free webinar (you can sign up here) that will teach you how to start this business, even if you’re new.

14. Influencer marketing

Influencer marketing is when you use social media to promote products or services. There are many social media platforms that you can get started with, such as Instagram, TikTok, YouTube, and Facebook.

You have probably seen people on Instagram or YouTube showing off clothes, their favorite electronics, vacations, or even food. These content creators are getting paid to do that.

You don’t need millions of followers to start. Even with a few thousand engaged followers, brands might pay you to talk about their products.

I have done many influencer marketing partnerships over the years and I think it’s a great gig, especially if you have passion for the topic that you are creating content on.

15. Video editing

Video editing is a great digital marketing side hustle. Lots of businesses need videos to promote their products or services, and you can help them create polished, engaging content.

You don’t need a lot of fancy equipment to start. A decent computer and good editing software will do.

Many video editing projects can be done remotely so this means you can work from home or anywhere with an internet connection.

Video content is everywhere. From YouTube to Instagram, more people want high-quality videos and this means there’s a growing demand for video editors.

Frequently Asked Questions

Below are answers to common questions about digital marketing side hustles.

Is digital marketing a good side hustle?

Yes, digital marketing can be a good side hustle. There are many ways to make money with digital marketing, so there is probably something that may fit what you’re looking for. Plus, many digital marketing side hustles don’t cost a lot of money to begin, so there is little risk to start.

Can I do digital marketing with no experience?

Yes, you can start digital marketing with no experience. Many online resources (such as blog posts) and courses can teach you the basics.

What are some digital marketing side hustles for beginners?

For beginners, some great digital marketing side hustles include blogging, managing social media accounts, and affiliate marketing. You might also try selling online courses or creating a YouTube channel. These are all beginner-friendly options.

What’s the best way to learn digital marketing skills to make money on the side?

The best way to learn digital marketing skills for making extra money is to start with free resources like blogs, YouTube videos, and podcasts that teach the basics. After that, you can take online courses to learn more about specific topics like SEO, content marketing, social media marketing, or email marketing.

How can I turn email marketing into a profitable side job?

To turn email marketing into a profitable side job, start by building an email list. You can share valuable content or discounts to your subscribers. Then, send regular newsletters or promotional emails.

Best Digital Marketing Side Hustles – Summary

I hope you enjoyed this article on the best digital marketing side hustles.

Digital marketing side hustles can be a great way to make extra money from home. Whether you like blogging, managing social media, or affiliate marketing, there’s probably a side hustle that can match your interests.

Many of the digital marketing jobs listed above are flexible and can be done from anywhere, making them really appealing.

There are also lots of resources to help you get started, so even beginners can jump in and start earning. If you want to add to your income or try out a new career, digital marketing side hustles can be a great choice.

What digital marketing side hustles are you interested in?

Recommended reading:

Source: makingsenseofcents.com

Apache is functioning normally

Considering a move to Alaska? Known for its breathtaking landscapes and vast wilderness, life in the Last Frontier is unlike anywhere else in the U.S. From the allure of the Northern Lights in Fairbanks to the challenges of long, dark winters in Anchorage, Alaska is full of adventure and solitude. Whether you’re drawn to the rugged outdoor lifestyle or close-knit communities in towns like Sitka, here are the pros and cons to help you decide if Alaska is a good place to live.

Is Alaska a good place to live?

The cities in Alaska, though few in number, each have their own distinct vibe. Anchorage, the largest city, is a hub of activity, offering a mix of urban amenities and easy access to outdoor adventures. It’s a place where you can enjoy local coffee shops and craft breweries in the morning and be hiking a mountain by afternoon. Fairbanks, known for its stunning Northern Lights, has a more laid-back, frontier feel, with a strong connection to the arts and a thriving local music scene. The state capital, Juneau, nestled between towering mountains and the sea, is perfect for those who want remote living.

Alaska’s cultural scene is deeply influenced by Indigenous traditions, with frequent opportunities to experience Native Alaskan art, dance, and storytelling. The weather, however, is as diverse as the state itself. In Anchorage, winters are cold but manageable, with temperatures often hovering around freezing, while summers are mild and pleasantly warm. Fairbanks faces more extreme conditions, with frigid winters dropping to -40°F, balanced by surprisingly hot summers reaching the 80s. 

Alaska state overview

Population 733,391
Biggest cities in Alaska Anchorage, Fairbanks, Juneau
Average rent in Anchorage $1,420
Average rent in Fairbanks $1,100
Average rent in Juneau $1,825

1. Pro: There is stunning natural beauty throughout the state

Alaska is home to some of the most breathtaking landscapes in the world. From Denali, the tallest peak in North America, to the fjords and glaciers of Kenai Fjords National Park, the natural scenery is unparalleled. Hiking, kayaking, and wildlife viewing are daily activities for residents, making the outdoors an integral part of life. Whether you’re on the coast or in the interior, the state’s unspoiled wilderness offers endless exploration.

2. Con: The winters are harsh here

Alaska’s winters are long, cold, and challenging, especially in the interior regions. Temperatures in places like Fairbanks can drop to -40°F, and snowfall can last well into the spring. The lack of daylight during winter months can also take a toll, with some areas experiencing only a few hours of sunlight each day. Residents must prepare their home for the winter, invest in heavy-duty winter gear, and strategize to manage the extreme conditions.

Insider tip: Many locals recommend using block heaters for your car to prevent the engine from freezing overnight. Invest in blackout curtains—not only to block out summer’s 24-hour daylight but also to keep warmth inside during the winter.

3. Pro: The Northern Lights are visible here

One of the most magical experiences in Alaska is witnessing the Northern Lights, or aurora borealis. Fairbanks is one of the best places in the world to view this natural phenomenon, with the lights visible on clear nights from September through April. Many residents and visitors make it a point to chase the auroras, using apps and forecasts to predict the best times for viewing. The vibrant colors dancing across the night sky make enduring Alaska’s harsh winters worth it for many.

Insider tip: Visit the Chena Hot Springs near Fairbanks, where you can soak in warm waters while watching the Northern Lights overhead—an unforgettable way to experience Alaska’s natural beauty.

4. Con: The cost of living is very high

Due to its remoteness, many goods have to be shipped into Alaska, driving up the cost of essentials like groceries and fuel. In rural areas, prices can be even higher, with simple items costing double what they might in the lower 48 states. In fact, the cost of living in Anchorage is 25% higher than the national average. Utilities, especially heating, are also more expensive due to the harsh climate. Even in bigger cities like Juneau, the rent is expensive with the one-bedroom apartment averaging $1,825 per month.

5. Pro: Beautiful wildlife fill the state

Alaska is home to an incredible array of wildlife, from grizzly bears and moose to whales and bald eagles. For nature lovers, the opportunity to see these animals in their natural habitat is a major pro to living in Alaska. Many residents encounter wildlife daily, whether spotting moose on their way to work or watching salmon runs during the summer. Wildlife viewing tours, fishing expeditions, and safaris are popular activities.

Insider scoop: Head to Katmai National Park in July to witness the famous bear-salmon feeding frenzy—truly an unforgettable sight.

6. Con: Midnight sun could be a downside

In the summer, parts of Alaska experience the “midnight sun,” where daylight lasts for nearly 24 hours. While some enjoy the extended daylight for outdoor activities, it can disrupt sleep schedules and lead to fatigue. Blackout curtains become a necessity, and many residents struggle with adjusting to the endless sunlight. This unique phenomenon can be overwhelming, especially for newcomers unaccustomed to the extreme light cycles. 

7. Pro: There are no state income tax

One of the financial perks of living in Alaska is the absence of state income tax. This allows residents to keep more of their earnings, which can help offset the high cost of living. Additionally, most areas in Alaska also have no sales tax, including Anchorage and Fairbanks, making it an attractive option for those looking to maximize their take-home pay. These tax advantages are a major pro for individuals seeking financial benefits in their relocation.

8. Con: Isolation is common in Alaska

Alaska’s vast size and limited infrastructure can make many communities feel isolated. Some towns are accessible only by plane or boat such as Kodiak and Dutch Harbor. This isolation can lead to challenges in accessing goods, services, and healthcare. Even in larger cities like Anchorage, residents can feel disconnected from the rest of the country due to the long travel times and cost of flights.

9. Pro: Enjoy the Alaska Permanent Fund Dividend 

Residents of Alaska benefit from the Alaska Permanent Fund Dividend (PFD), an annual payment distributed to Alaskans from state oil revenues. The amount varies each year but can provide a significant financial boost to residents. Many people use the PFD for expenses like heating bills, travel, or savings. This dividend is unique to Alaska and is a rewarding incentive for those who call the state home.

10. Con: Limited entertainment options

Alaska’s remote location and smaller population can mean fewer entertainment options compared to other states. While Anchorage offers some nightlife, theaters, and cultural events, rural areas have limited access to entertainment. Shopping malls, cinemas, and restaurants can be scarce, and residents often have to travel long distances for major events or attractions.

Insider tip: Many Alaskans create their own fun by embracing outdoor activities like hiking, fishing, and snowmobiling. In smaller towns, community events such as potlucks, local festivals, and game nights are popular ways to socialize. 

Pros and cons of living in Alaska: Overview

Pros Cons
The state is beautiful The winters are intense
Northern Lights are visible here The cost of living is high
Diverse wildlife fill the state Midnight sun can be a downside
There is no state income tax Isolation is common
Alaska Permanent Fund Dividend Alaska has limited entertainment options

Source: rent.com

Apache is functioning normally

Are you looking for the best side hustles for moms? Being a mom is a full-time job, but that doesn’t mean you can’t make extra money on the side if you need to. Balancing work and family life can be tough, but finding a side hustle that fits your schedule can make it easier. Whether…

Are you looking for the best side hustles for moms?

Being a mom is a full-time job, but that doesn’t mean you can’t make extra money on the side if you need to. Balancing work and family life can be tough, but finding a side hustle that fits your schedule can make it easier.

Whether you need to make money to pay the bills, if you’re looking to save for a vacation, or if you simply want to save more money, there are many side hustles that may fit what you’re looking for.

I am a mom and I have done many of the side jobs listed below. Some can be part-time, others full-time, so there is probably something on the list below that can work for you.

Best Side Hustles for Moms

Below are the best side hustles for moms.

1. Blogging

Blogging is a great way for moms to make money from home. It is what I personally do so that I can work from home and spend more time with my daughter.

For me, blogging lets me travel whenever I want, work on my own schedule, make good money, write about topics I enjoy, and I really love having a blogging business.

I started Making Sense of Cents in 2011, and since then, I’ve made over $5,000,000 from my blog. When I began, I had no idea it would turn out to be one of the best jobs for stay-at-home moms. Now, I am extremely grateful for this – and it all started as a side hustle!

One way to earn money with a blog (and this is my favorite way) is through affiliate marketing. This means you recommend products and get paid when someone buys through your link. It’s like earning a commission for sharing products you use and enjoy.

Another way to make money is by placing ads on your blog. As your blog gets more visitors, you can earn money from the ads.

Writing sponsored posts is another option. Companies pay you to write about their products or services (it’s a good idea to choose products that you believe in and that fit your blog’s theme).

Blogging takes time and effort, but it can be very rewarding. You get to be creative, connect with others, and make money doing something you love.

You can learn more about how to begin in my free How To Start a Blog Course here.

2. Sell printables

Selling printables on Etsy can be a great side hustle for moms. You can make extra money by creating and selling digital items like planners, calendars, and worksheets.

All you need is a computer and some design software, and you can work on it at your own pace and from the comfort of your home.

You don’t have to spend any money to start selling printables either.

This is a great way to make money from home because you only need to create one digital file for each product, and you can sell it as many times as you want. You don’t have to print or ship anything. Instead, you create the digital file, and the customer downloads it and handles the rest after buying it from you.

You can learn more at How I Make Money Selling Printables On Etsy.  

Do you want to make money selling printables online? This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.

3. Proofreading

Proofreading is a great way to make some extra money from home. If you have an eye for detail, you can get paid to spot errors in text.

You don’t need a special degree to start proofreading. Many online companies hire beginners and this means you can get started without lots of experience. Plus, you can build up your skills and portfolio as you go.

The pay can vary. Some proofreaders earn $1,000 a month, while others make six-figure incomes. It depends on how much you work and your experience level. You can do this full-time or just as a part-time gig.

I know several proofreaders (who are moms) who started proofreading as a side hustle, and now it’s their full-time job. So, you can spend as little or as much time as you want growing this job.

You can learn more at 20 Best Online Proofreading Jobs For Beginners (Earn $40,000+ A Year).

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This free training teaches you how to start a proofreading side hustle (and how to earn $1,000+ per month!), even if you are brand new and don’t have any previous proofreading experience.

4. Bookkeeping

Bookkeeping is a great side hustle for moms. It’s flexible and can be done from home.

Bookkeepers keep track of financial records for businesses. This includes recording transactions and balancing accounts.

Before you pass this by because you think you’re not qualified, you might be surprised to know that you don’t need to be an accountant or have any experience. Becoming a virtual bookkeeper is something you can learn from home.

You can learn more at How To Find Online Bookkeeping Jobs.

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This free training will show you how to start a profitable bookkeeping side-hustle in the next 30 days—even if you have no prior experience!

5. Print-on-demand

Print-on-demand is a great side hustle for moms.

You can create your own designs and sell them on items like T-shirts, coffee mugs, and tote bags. Websites like Etsy make it easy to set up your own shop.

There’s no need to buy supplies or handle shipping. The print-on-demand company (like Printify) takes care of that for you. This means you can focus on being creative and taking care of your family.

Many moms find this side hustle to be simple and rewarding. You can work on it during nap times or after the kids go to bed. If you love designing, this can be a perfect fit for you.

You can learn more at How I Make $1,500 Monthly With My Print-On-Demand Business.

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This freebie will teach you about print-on-demand as well as give you a list of 17 hot-selling products you can sell via print on demand.

6. Run a dog treat bakery

Starting a dog treat bakery can be a fun and profitable side hustle. You can begin this business right from your kitchen so it’s perfect for moms looking to make some extra money.

This side job can be very flexible. You can choose to keep it small and earn $500 to $1,000 a month. Or, if you have more time, you can scale it up and make even more.

You can learn more at How I Earned Up to $4,000 Per Month Baking Dog Treats (With Zero Baking Experience!).

Plus, you can sign up for this free training workshop that teaches you the small business plan for starting your own pet bakery.

7. Online survey taker

If you’re a mom looking to make some extra money from home, taking online surveys could be a side hustle.

Companies pay for your opinions on their products or services, which helps them improve and stay competitive. This side hustle is flexible, allowing you to fit it around your busy schedule, whether during nap times or after the kids go to bed.

No, you will not get rich taking surveys (this is not a lucrative side hustle, but it is very flexible!), but you may be able to earn around $50 to $100 per month by answering several surveys each week.

Surveys are almost always done online, and you’ll usually be answering multiple-choice questions or typing in quick answers about your daily life, like where you last shopped. To get started, you can sign up for several survey sites.

Some popular survey sites include:

  1. American Consumer Opinion
  2. Survey Junkie
  3. Swagbucks
  4. InboxDollars
  5. Branded Surveys
  6. Prime Opinion
  7. Five Surveys
  8. PrizeRebel
  9. IncomeFindr
  10. User Interviews

While some surveys pay just a few cents, others can pay up to $20 or more, depending on how detailed and complex they are. This makes it a convenient way for moms to earn a little extra income in their spare time.

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Swagbucks is a site where you can earn points for surveys, shopping online, watching videos, using coupons, and more. You can use your points for gift cards and cash.

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Once you complete five surveys, you’ve earned $5, which you can cash out using the payout options offered by the site (such as PayPal cash and free Amazon gift cards).

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Prime Opinion is a survey website that helps people to earn extra money by sharing their opinions at home. It’s a simple survey site to use: you share your thoughts, and they pay you for them.

8. Virtual assistant

A virtual assistant (VA) can do many tasks from home and this is a popular side hustle idea for moms. They may manage emails, set up appointments, create social media posts, handle customer service, and more. Many small businesses need help with these jobs.

Becoming a VA doesn’t require a lot of training. You just need good organizational skills and a reliable internet connection.

A big advantage of being a VA is flexibility. You can set your own hours and work when it’s best for you, so this makes it a perfect side hustle for busy moms.

You can learn more at Best Ways To Find Virtual Assistant Jobs.

9. Social media manager

Being a social media manager is a great side hustle for moms.

Many businesses need help with their social media accounts because they don’t have the time to keep up with posting and replying to messages, or they simply don’t have the expertise.

Tasks might include creating posts, scheduling them, and interacting with followers. Social media managers might also run ads and analyze their performance.

It’s a flexible job you can do from home, making it perfect for busy moms.

10. Affiliate marketing

Affiliate marketing is a great way for moms to make extra money.

With this side hustle, you promote products or services online. When someone buys through your link, you earn a commission.

You can get started by choosing products you like and trust. This makes it easier to talk about them. People will feel your enthusiasm and trust your recommendations.

Many moms start with their own blogs. You can write about things you know and enjoy. Topics like parenting, cooking, or fashion are good choices. You can add affiliate links in your blog posts where they fit naturally.

Social media is another place to use affiliate marketing. Sharing links on Instagram, Facebook, or Pinterest can reach a lot of people.

Affiliate marketing is flexible. You can do it at your own pace and schedule, so this is perfect if you have kids and need to work around their needs.

For me, I love affiliate marketing and I think it’s one of the best ways to make money online. I especially like how I can do work up front and make money years down the line from older blog posts. So, it is kind of like a form of semi-passive income.

If you want to learn more about affiliate marketing, I recommend signing up for Affiliate Marketing Tips For Bloggers – Free eBook.

11. Online tutoring

Online tutoring is a great side hustle for moms. You can teach different subjects from your own home and this flexible job allows you to set your own hours.

If you love math, science, or another subject, there are students looking for help. You don’t need to be a certified teacher, but having a good grasp of the subject is important.

Online tutoring also pays well. Average rates can range from $10 to $30 per hour, depending on the subject and your experience.

12. Pet sitting and dog walking

If you love animals, pet sitting and dog walking could be the perfect side hustle for you.

Pet sitting is when you look after a pet while the owner is away. This could mean feeding, playing with, and sometimes even staying overnight with the pet.

Dog walking is a bit different. You take dogs for walks, making sure they get exercise and fresh air.

Both of these jobs are flexible. You can take on as many or as few clients as you want. This makes it easy to balance with other responsibilities.

My husband’s mother is a dog walker and pet sitter on Rover (the popular dog walking app), and it always seems like she loves this side hustle. She really likes dogs, so it looks like fun to me.

You can learn more at 7 Best Dog Walking Apps To Make Extra Money.

13. Sell handmade crafts

Selling handmade crafts is a fun and creative way to make money as a mom. You can use your skills to create unique items that people love.

There are many types of crafts you can sell. Items like handmade jewelry, painted mason jars, or knit blankets can be very popular. If you’re good at sewing, you can make and sell upcycled clothing or custom pieces.

Selling classes or workshops is another option. If you’re skilled at a particular craft (like knitting), teaching others can be a rewarding side hustle.

You can learn more at 16 Best Things To Sell On Etsy To Make Money.

14. Transcribing

Transcribing is a great side hustle for moms working from home. This is where you transcribe audio files into text for clients.

To start, you only need a computer and good listening skills. Some companies hire beginners, so you don’t need experience.

The pay can vary. Some jobs pay per audio minute, while others pay per audio hour. Usually, though, you can make around $10 to $20 per hour.

Platforms like Rev, Scribie, and CrowdSurfWork are good places to begin.

Transcribing can be done at any time of day, making it flexible for moms. This makes it easy to fit around your family’s schedule.

You can learn more at 18 Best Online Transcription Jobs For Beginners To Make $2,000 Monthly.

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In this free training, you will learn what transcription is, why it’s a highly in-demand skill, who hires transcriptionists, how to become a transcriptionist, and more.

15. Photography

Photography can be a great side hustle for moms, and I personally know a few photographers who have very successful photography careers and are also mothers!

This is something you can learn, such as by shadowing another photographer or by taking classes in person or online. As you get better, you can sell your services to others. Portrait photography is a popular choice, such as with taking photos of families, kids, or even pets.

Event photography is another option. Birthdays, weddings, and parties usually need a photographer.

You can also sell your photos online. Websites like Shutterstock or Etsy allow you to earn money from your images. This way, you can work from home and on your own time.

You can learn more at 18 Ways To Get Paid To Take Pictures.

16. Clean homes

Cleaning homes can be a good side hustle if you enjoy tidying up. Many people need help keeping their houses clean but don’t have the time to do it themselves.

You can set your own hours, making it easy to fit into your daily schedule. You can start by selling your cleaning services to friends and family. Once you get some experience, you can expand your client base.

You don’t need much to start. Basic cleaning supplies and a positive attitude can go a long way. You can also charge by the hour or by the job, whichever works best for you and your clients.

I know several mothers who clean homes in their free time, and they like how they can find homes to clean that fit into their schedule (so, it can be flexible!).

17. Baby equipment rental

Renting out baby equipment can be a great way for moms to make extra cash. Many mothers likely already have a bunch of different baby items at home, so they can make money with them when they are not being used.

Platforms like BabyQuip help connect you with families who need baby gear when they travel. You can rent out items such as strollers, cribs, car seats, and even toys.

You earn money based on how often your items are rented. The more popular the equipment and the busier the travel season, the more you could earn.

Some top providers make over $10,000 a month by renting out baby gear (at this level, they are definitely buying things with the sole purpose of renting them out, though, and not just renting out things they have just laying around their homes).

18. Book author

As a mom, becoming a book author can be a great side hustle. You get to share your stories or knowledge while working from home.

You can write about anything that interests you. Whether it’s a children’s book, a novel, or a guide on something you know a lot about, there’s a place for your work. You could even write romance novels!

Income from book sales can vary. New authors might see $0 to $500 a month, while experienced authors can make between $1,000 and $10,000 per month.

Writing a book does take time and effort. You might need to write during nap times, after the kids go to bed, or when they are in school.

19. Real estate agent

Becoming a real estate agent can be a great side gig for moms. You get to help people buy, sell, or rent properties. You can set your own hours, which is perfect for balancing work and family time. Plus, the more properties you sell, the more money you can make.

You can start part-time and grow your business as you gain experience. Real estate agents usually earn commissions, so your income can vary. It’s possible to earn a lot if you work hard and build good relationships with your clients.

20. Travel agent

Being a travel agent from home is a great side hustle for moms. You help people plan their trips, find the best deals, and book their vacations.

It’s ideal for moms who love to travel and know how to find great deals. If you have experience planning trips, this can be a rewarding way to earn money.

21. Freelance writing

Freelance writing is a great side hustle for moms, and I think it’s one of the most realistic jobs for stay-at-home moms. It lets you work from home on your own schedule, so if you love to write, this could be a perfect fit.

You can write many things like blog posts, articles, or website content. The pay can start from around $50 per article but can go up to over $1,000. As you gain more experience, you might earn even more.

One big advantage of becoming a freelance writer is the flexibility. You can work when your kids are napping or busy with activities. This makes freelance writing great for busy moms.

You don’t need a lot to start either, which is nice. A computer and internet connection are enough.

I have been a freelance writer for years, and I think it’s a great way to make money as a mom.

You can learn more at 14 Places To Find Freelance Writing Jobs – (Start With No Experience!).

Time Management Tips for Moms

As you may have noticed above, there are a lot of different side hustles for moms.

But, how can you fit them into your already busy schedule?

I get it. Being a mom is hard work, and you may feel scattered already.

Managing time can be tough for moms who have a lot to handle. Here are some simple tips to help you stay organized and use your time wisely.

Creating a schedule

I recommend that you start by creating a weekly schedule. Write down everything you need to do, like work, family time, and personal tasks. You may want to use a planner or a digital app to keep it all organized.

Then, allocate specific times for your side hustle. It could be during your child’s nap time or after they’ve gone to bed. Consistency helps in sticking to your plan.

Don’t forget to schedule some “me time.” Whether it’s reading a book or going for a walk, taking breaks can help you recharge.

Review your schedule at the end of each week. Adjust what didn’t work and keep improving. This way, you’ll find a rhythm that suits you best.

Balancing work and family

Balancing work and family is important. I recommend that you set clear boundaries between work time and family time. Let your family know when you’ll be working on your side hustle so they can respect that time.

You may want to find activities for your children that don’t need constant supervision. This can give you pockets of time to focus on your tasks.

Another way is to prioritize tasks based on importance. Use to-do lists to keep track of what needs to get done. Tasks with tight deadlines should come first. For me, I have a constant to-do list on my phone, and I find that helps me remember everything as well as prioritize everything that I have going on.

To balance work and family, you will want to remember to have family activities. Movie nights or game days can strengthen family bonds and make up for the time you are working. Quality time with family is just as important as work.

Time management is about finding balance and being flexible. What works for one mom might not work for another, so keep adjusting until you find what works best for you.

Frequently Asked Questions

Below are answers to common questions about side hustles for moms.

How can moms make money on the side?

There are many ways for moms to make money on the side, such as starting a blog, selling handmade crafts, selling printables on Etsy, proofreading, bookkeeping, freelance writing, tutoring, dog walking, photography, and more.

What are some flexible ways for moms to earn money at home?

There are many ways for moms to earn money from home. They could start a bookkeeping business, sell online courses, start a blog, transcribe, or even work with print-on-demand services to sell custom-designed items.

Can you list creative side jobs for stay-at-home moms?

Some creative side jobs for moms include blogging, making and selling printables, baking (and selling) dog treats, graphic design, voice-over work, and starting a YouTube channel.

How do working moms find time for side jobs?

Working moms can find time for side jobs by finding small pockets of time during the day, like when the kids are napping or after they go to bed. Using a planner can help organize your time and set achievable goals to keep on track.

What’s the easiest side hustle for moms with no previous experience?

Taking online surveys or becoming a virtual assistant are great options for moms with no prior experience. These jobs are easy to start and require little to no training.

How can a stay-at-home mom make $2,000 a month?

To make $2,000 a month, a mom could sell multiple services like bookkeeping, proofreading, or selling a range of products such as printables and crafts. Combining several side hustles can help you reach this goal. Or, you could focus on a single side job and spend more time on it.

How can a SAHM be financially independent?

A mom can definitely become financially independent. This is possible by diversifying their income streams. They can sell products online, sell freelance services (like writing or bookkeeping), or even invest some time into building a successful blog or YouTube channel.

How To Find Side Hustles for Moms – Summary

I hope you enjoyed this article on the best side hustles for moms.

Finding the right side hustle can make a big difference for moms who want to earn extra money while still focusing on their families.

Many of the side hustles for moms above have a lot of flexibility, the chance to work from home, and the opportunity to do what you love.

Whether you start a blog, sell handmade crafts, or become a virtual assistant, there’s a side hustle that can fit into your busy life.

What do you think are the best side hustles for moms?

Recommended reading:

Source: makingsenseofcents.com

Apache is functioning normally

Ensuring your home is safe and comfortable for your pet involves more than just providing food and water. A truly pet-friendly home requires thoughtful planning and adjustments to create an environment where your pet can thrive. Whether you are looking at homes for sale in Seattle, already renting an apartment in Boston, or moving to a rental house in Little Rock, here’s a comprehensive guide to pet-proofing your home, covering everything from furniture choices fit for your established dog to safety measures and grooming practices for your new kitten.

The basics: creating space for your pet

First and foremost, your pet needs a space to call their own. “To make your home more pet-friendly, it’s essential to create a safe and comfortable environment for your furry friend. Start by using pet-friendly furniture and flooring that can withstand wear and tear,” shared the team at Purrfect Grooming. 

One tip for ensuring that your pet is comfortable is to designate specific areas for your pet in your home. Vânia Boto from 4EveryPet suggests that you “provide a comfortable and secure environment for your pet to relax in, such as a cozy bed, a place to hide when they feel insecure, fresh water, and safe toys. For cats, add scratching areas where they can have fun.” Regular maintenance of your pets’ areas will promote cleanliness and comfort.

Invest in flooring and furniture for a pet-friendly home

Choosing the right materials when furnishing and designing your home can have great benefits for maintaining its integrity when you have pets. “Invest in pet-friendly furniture and flooring that can withstand scratches and stains, such as leather or microfiber couches and tile or laminate floors,” suggests Michael Darville from Burns Court Veterinary Care. 

Klarice from Georgia Carpet Industries provided great insights on the best flooring options for pet parents: 

“When choosing pet-friendly flooring, it’s essential to consider three key factors: maintenance, durability, and sound absorption. If you’re looking for carpet, Shaw Pet Perfect Plus Collection excels in sound absorption and is easy to maintain, making it a top choice. 

If you’re looking for hard surface flooring there are two options depending on your budget and needs: Mohawk RevWood Premiere Laminate stands out for its durability and ease of cleaning and COREtec Soft Step Luxury Vinyl Collection combines all three elements — ease of maintenance, durability and sound absorption.”

Choosing the right flooring can prevent unnecessary wear and tear and is a great solution to aid in creating a pet-friendly home.

Don’t overlook pet-safe decor 

Caleb Kidwell, owner of Pet Care for the Palm Beaches, chimed in with some additional tips for pet-safe decor for your home: “Swap out low-hanging drapes for cordless blinds to prevent potential accidents, and consider installing scratch-resistant flooring and stain-resistant fabrics for furniture, which not only protect your home but also reduce the stress of constant cleaning.” 

Outfitting your home with pet-safety in mind can be challenging, however Dr. Sarah Wooten suggests that you “Get down on all fours and view your home from your pet’s point of view – you will see the world from a different perspective that may allow you to see hazards that you would otherwise miss.” Furniture and floors aren’t the only things to keep in mind when making your home pet-friendly, be sure to take note of the above advice when renovating and decorating your home for your pets safety!

Photo of Charles in Louie de Coton cooling sun shirt courtesy of Louie de Coton, shares some tips on how to choose the proper apparel for your furry friend:

“Puppies and small breeds: Puppies and smaller dog breeds often need extra warmth, especially in cooler climates. Sweaters and cozy jackets can help maintain their body temperature. Louie de Coton provides high-quality, soft, chemical-free
clothing with body temperature regulators that are perfect for keeping your new pet comfortable during chilly days. Their sweaters and jackets are made from gentle, hypoallergenic materials that are both stylish and functional.

Protection from the elements: New pets, particularly those with short coats or sensitive skin, may benefit from raincoats or waterproof clothing to stay dry during walks in the rain. Louie de Coton’s raincoats are designed with both practicality and fashion in mind. They feature waterproof and windproof fabrics and comfortable fits to protect your pet from getting soaked, while still looking chic.”

Prioritize maintaining a safe environment

Pets are inquisitive creatures that can often find their noses sniffing in places that they shouldn’t be, so it’s important to keep this in mind when making a pet-friendly home. Josh Nolasco from Honest Renovations shared his thoughts on how to best create a hazard-free space for your pet: “Hide or secure electrical cords to prevent chewing, consider using cord protectors or cable management products. Also, using trash cans with secure lids or placing them in cabinets can help prevent pets from rummaging through them.”

Tori Levitt, Chief Kindness Officer & Concierge at Doolittle’s Doghouse notes that “Providing a safe haven for the family pet is as critical as proper nutrition, daily exercise, mental stimulation and affection. Some tips for keeping them safe include: removing toxic plants, both indoors and out, and storing medications and cleaning products in high cabinets. Small objects can be choking hazards, especially those with batteries (like remote controls), and non-toxic cleaners are best for floors and surfaces pets are in close contact with. For pet parents looking to expand their knowledge on the best ways to care for their pets, the American Animal Hospital Association (AAHA) has great resources to explore.” 

The team at DoggyLoveandMore also weighed in with their thoughts on this topic, as well as sharing some best practices for getting a new puppy acquainted with things outside of their new home: “Bringing a new fur baby home is so exciting but also overwhelming. Our top tips for new pet parents are to puppy proof your home by making sure kitchen cabinet doors are always closed, and placing plastic bags or anything they could choke on out of reach.”

Some other best practices include creating “designated spaces for your fur baby to eat, sleep, and play, which will help them to feel more comfortable & secure in their new home. Be sure to keep any potentially harmful items out of reach. Lastly, consider using baby gates to restrict access to certain areas, and pay close attention to household plants as some can be toxic to pets,” shared Bryten Hanson from Revive HQ. Zach from Romingo is also a proponent of using baby gates, adding that they help “prevent your pet from chewing on valuable furniture and support potty training. During the first few weeks, it’s important to limit your pup’s access to the entire home until they begin to learn the rules.” 

Exercise consistency and patience

While bringing a new pet home is an exciting time for us humans, sometimes the adjustment period for your new buddy can be stressful. Being patient and exercising consistency are important for the long-term health and happiness of your pet. See the tips from our experts below to understand more:

Consistency is key: “When raising a puppy, consistency is key. While their cuteness can make it tempting to bend the rules, sticking to a routine helps your pup understand expectations and feel secure. Whether it’s meal times, potty training, or obedience commands, being consistent ensures your puppy develops good habits and grows into a well-behaved adult dog,” shares Siyen from Co Pet Parent.

Be patient: Jennifer from Unleashed with Love notes that “Bringing a new pet home is a lot like waiting for the mailman — patience is a must!  While it might be familiar territory for you, it’s a whole new world for your furry friend. Set up a cozy, designated area where your pet can retreat to feel safe and secure. As little space and patience now will help build a tail-wagging, lifelong bond.”

Maintain your pet’s health through regular grooming

Another prudent tip is to ensure that your pet is on a grooming schedule. Sarah Hayden from Mobile Pet Shine details some important things to know about the benefits of keeping a tight grooming schedule for your fur baby: “Denver’s premier grooming service, Mobile Pet Shine, recommends setting your pets up on a grooming schedule. Regular bathing and brushing removes dirt, debris, and dead hair to prevent matting and reduce the likelihood of skin infections. Not only does routine grooming help keep your dogs and cats feeling their best, but it keeps your home clean as well. Pet hair and dander can cause air quality issues that affect your family’s health, along with clogging HVAC filters that impede your system’s efficiency.” 

Grooming needs may vary depending on your pet and what they require. When determining a grooming schedule, there are variables to consider to make certain that you are providing your pet with optimal care. “Is your cat an indoor buddy, outdoor adventurer, or both? An outdoor cat will require baths more frequently,” notes Barbara Nyke from Barara Nyke Interiors & Design.

Barbara also shared that “The fur length of a longhaired cat requires more maintenance. My Betty, no longer prancing about on earth, was a gorgeous Maine Coon and needed regular brushing to prevent matting. Persian cats do as well.” Lastly, some conditions like skin problems, ticks and fleas may require additional grooming practices like bathing. However Barbara warns that bathing a cat may be more of a challenge than you are prepared to take on: “Personally, I only recommend bathing a cat if you have nerves of steel and you’re wearing body armor!!!”

In addition to maintaining the cleanliness of your home, ensuring that your pet is groomed is also crucial to your pets health. Our amazing experts at Purrfect Grooming, a prime resource for those local to the Florida area, recommend “Regular grooming, such as bathing and brushing, which helps maintain your pet’s hygiene and reduces shedding, keeping your home cleaner,” with Michael Darville from Burns Court Veterinary Care adding that “Grooming and bathing are essential to maintain your pet’s health and reduce shedding, but be cautious with over bathing, as it can dry out their skin. Lastly, avoiding using products with harsh chemicals or strong scents is crucial. This mindful approach to pet care protects your pet’s sensitive systems and shows your commitment to their well being.”

It’s not all about the fur. Trim their nails, too

When thinking about grooming your pet, don’t overlook the importance of keeping their nails trimmed, both for the health of your pet and your home. “If you have hardwood floors, rugs or nice couches, one of the best ways to keep them from getting damaged by your pups is to consistently trim their nails. 

Long nails can scratch your floors, and they also make it easier for your pup to slide and get injured on slick surfaces. Dogs’ nails have a vein in them, so it’s important to keep them trimmed on a regular basis to make it easier to keep them short. The longer they grow, the harder they are to trim. If you’re uncomfortable trimming your own nails, check out your local groom shop like Paws ‘n’ Rec – your furry family member will love their s’paw day,” suggests Madison Velez from Paws ‘n’ Rec.

Avoid strong scents

As mentioned above, avoiding strong scents around your home is in your dog’s best interest. A dog’s nose is incredibly sensitive, with approximately 220 million olfactory receptors in their noses, compared to around 5 million in humans.

“When bringing a new dog home for the first time, it’s important to sniff out certain products to keep things safe and comfy. Strong-scented cleaning products can make your dog’s sensitive nose do backflips (and not the fun kind). Stick to pet-safe, unscented, or lightly scented cleaners to avoid turning your home into a nose-wrinkling zone,” notes Jennifer from Unleashed with Love.

Choose the right food

Choosing a nutritionally balanced food is imperative to ensuring the long-term health of your pet. With so many options on the market, making this decision can be a tough one. Luckily, pet expert Melinda Meltzer from Stay and Play Pet Sitting shared some tips to aid in picking the proper food for your pet: “The right food is imperative. Choosing the food that is complete nutritionally and offers all the vitamins – A, C, and E – that was formulated by a holistic vet is a sure fire way to reduce vet visits and the cost of being a pet parent. 

With so many options on the market, it can be confusing on which is best for your pet-friendly home. A pet food without fillers, corn, or artificial colors is a great start. But changing food can cause stomach upset and a mess to clean up. So I recommend Life’s Abundance pet food, supplements and treats. The company has been around for over 20 years and never had a recall. As a pet care professional, with a good conscience and my expertise, I highly recommend it”

Positive reinforcement through toys and treats

Making sure that your pet stays entertained and amused will go a long way in creating a pet-friendly home. But don’t worry, great toys can be provided with a very modest investment on your part:

“You don’t have to break the bank to keep your new dog entertained — sometimes the best toys come from everyday items! Toilet paper rolls can be transformed into fun, DIY toys that will have your pup wagging with joy. Simply stuff them with treats or use them for a game of fetch, and watch as your dog enjoys a budget-friendly playtime. Creativity and a little bit of resourcefulness can turn simple items into hours of tail-wagging fun!” notes Jennifer from Unleashed with Love.

For cats, provide “Standard carpet covered posts with no levels, or multiple levels with scratching posts,” suggests Barbara Nyke from Barara Nyke Interiors & Design. She also shared that for an economical alternative, you can “make your own using twine wrapped around a post nailed down to a 12 x 12 covered plyboard. My Bullitt loves his recycled cardboard scratching board. When it’s all scratched out, it goes into the blue bin!”

Photo of Boone courtesy of Tara Lynn & Co.

To be sure that your pet is as satisfied as possible, tailor your toy and treat selections specifically to fit your pet. Tara Lynn, pet photographer at Tara Lynn and Co., advises to “Make sure you have age-appropriate toys and chew sticks or treats available. Puppies naturally love to chew as they lose their puppy teeth and older dogs can get bored. Having dog-specific chews available will encourage them to leave your shoes and furniture intact. For cats, a scratching post is a must to help them sharpen their claws without ruining your furniture.” 

It’s no secret that pets love a good snack, healthy treats are a great source of pleasure and amusement for your furry friend. Melissa, owner of Dough ReMia has great advice for treating your pup:

“My words of advice for pet-proofing your home would be to make sure you stock up on healthy dog treats! I would make sure you have a designated area to keep your dog treats so that you are always prepared to reward their good behavior! As well, I would recommend that you store your dog treats in a cool, dry, safe place to maintain freshness. When you move into your new home, gradually offer dog treats to help your pup get acclimated more easily. This will help your dog feel more relaxed and have less stress/anxiety in their new environment. BONE Appetit!”

All in all, maintaining your pets health and well-being with engaging toys and tasty treats is a great practice!

Exercise your pet to keep them fit and fab

In the vein of keeping your pet adequately entertained, ensuring that they take part in a lot of exercise is a great way to fulfill both their mental and physical needs. Madison Velez shared additional information on the importance of keeping your dog tired. “A tired dog is a happy and less destructive dog. Many behavioral issues that impact our homes are the result of dogs with pent up energy. Coming home to a chewed up couch or new pair of shoes can often be avoided with longer walks, training sessions, or a few days a week at your local doggy daycare like Paws ‘n’ Rec, where dogs go to chase their dreams, not their tails.”

There are many ways to ensure that your pet gets adequate exercise, one of which is a walk around your neighborhood. Though we might not like doing it, one non-negotiable aspect of walking your dog is picking up their waste. Beth from the dooloop shares best practices for handling this challenging part of walking your dog: 

“Making your dog a welcome addition to the neighborhood is all about training and responsibly dealing with their poop out on walks! Having a dooloop bag poop holder shows your neighbors that you’re taking care of your dog’s poo and maintaining leash control. The harsh truth is that there are many lazy reasons that people don’t scoop. Don’t be that person, it’s bad for the environment, neighborliness, and will make your beloved dog less welcome. Spread peace, not poo!”

The dooloop is a hands-free bag holder designed to keep your hands free of poop when out walking your furry companion, and is a great way to responsibly handle your dog’s waste on a walk.

Photo of the cavalier sisters sporting Louie de Coton courtesy of @coco_thecavie

Check out these additional suggestions from Fay Anderson on the best ways to keep your pet safe when walking: “Visibility is key for safety during evening or early morning walks. Reflective clothing or accessories can help ensure your pet is seen by others. Louie de Coton offers products with reflective properties that enhance visibility during low-light conditions. Their apparel and accessories are designed to be functional while maintaining the brand’s signature stylish look. Whether your pet needs protection from the elements, comfort for sensitive skin, or simply wants to look their best, Louie de Coton provides high-quality options that cater to every need.

Don’t turn a blind eye to socialization and training

Key aspects of owning a pet are adequate socialization and training. Ensuring that your dog is comfortable interacting with other humans and pets, especially when they are outside of the safe environment that you’ve built for this at home, will go a long way in contributing to your pets well-being. Below the team at DoggyLoveandMore share insight on some proven ways to socialize your pet: 

“We recommend slowly introducing your pup to neighbors, other dogs and parks. Some pups and rescues love those things right away but others take time to build up their confidence. Let your pup test the waters at their own pace and before you know it, they’ll be leading you around the neighborhood instead of the other way around!”

Socialization and training go hand in hand when you are focused on welcoming a new pet for your home. Take heed of these important tips from Pet Parent Playbook when training your pet:

  • “Potty Training Basics: Start potty training right away! Take your puppy outside often, especially after meals and playtime. When they go potty outside, reward them with praise and treats.
  • Crate Training: Crate training can help with house training and give your pup a safe space. Introduce the crate slowly with positive reinforcement and never use it as a punishment.
  • Schedule and Routine: Set a regular schedule for feeding, playtime, and potty breaks. This will help your puppy feel secure and know what to expect.”

Utilize technology for a pet-friendly home

While caring for a pet can be incredibly fulfilling for pet parents, it most definitely comes with unique challenges. Fortunately, technology in this day and age makes this task easier than it ever has been in the past. “To truly pet-proof your home, think beyond the basics. Invest in smart technology like pet cameras to keep an eye on your furry friend even when you’re away. suggests Caleb Kidwell from Pet Care for the Palm Beaches. 

Jennifer from Unleashed with Love also recommends pet cameras, noting that “For pet owners who find themselves missing their new furry friend when they’re away, interactive pet cameras are a game-changer. Not only can you check in on your pet’s adorable antics, but these cameras also help ensure they’re not turning your home into their own personal chew toy amusement park. With a quick glance, you can enjoy seeing those wagging tails and mischievous glances without the worry of a little canine chaos!  One of our personal favorites is Furbo — it lets you toss treats and chat with your pups even when you’re not home!” 

Cameras are not the only pet technology that can make your life easier when making a pet-friendly home; appliances like specialized vacuum cleaners and automatic feeders are other handy appliances to have around: “Regular grooming and bathing will help keep your pet comfortable and your home free from excess fur, but also investing in a high-quality vacuum specifically designed to handle pet hair will ensure your floors stay clean and fur-free! We also advise that you be cautious and keep any chocolate chip cookies out of reach!” shares Laurie Harris, founder of Maliko.

Barbara Nyke from Barara Nyke Interiors & Design also recommends investing in a feeder. “Automatic pet feeders are purrfect for both cat and dog kibble and come with a range of awesome features such as a variety of styles, different price points, and a common type are machines that dispense specified amounts of food- while other styles use multiple slots that you fill with food. In addition, some feeders can be programmed for several feedings per day. These feeders may have cameras, two-way audio, and other smart features! If an automatic pet feeder sounds like the perfect addition to your pet routine, we’d love to help you find the best fit.”

If you need some extra assistance maintaining the health of your pet, smart technology has many viable options to consider!

Create the perfect outdoor space for your pet

While making the interior of your home fit for habitation by your pet is of utmost importance, don’t forget to make necessary adjustments to any outdoor spaces that your dog may have access to. Steve from Fetch the Sun advises that “If you plan to have your dog spend a significant amount of time in your yard, ensure that they have access to adequate shade and water. Also, create a spot where they can lie down comfortably. 

Consider building or purchasing a doghouse and keep their water bowl filled with clean, cool water. Always keep an eye on the weather if you plan on keeping your dog outside for extended periods; dogs can overheat easily, and colder temperatures can be dangerous for your pup.” Steve also warns to mitigate dangers in your outdoor space, sharing the following tips to keep your pet safe:

  • “Store chemicals away from areas your dog can access. These include, but are not limited to, pesticides, rat poison, weed killers, hot tub/pool chemicals, etc…
  • Remove toxic plants. Many types of lilies, daffodils, berries, and decorative flowers are dangerous for dogs to ingest.
  • If you live in an area where there is dangerous wildlife (coyotes, snakes, racoons, etc…), ensure you are taking steps to keep them out of your yard. 
  • Clean up sharp tools and garden items when not in use.
  • Fill in holes.
  • Cover any outdoor wiring.”

Take measures to make travel and moving pet-friendly

Pets become accustomed to their surroundings and routines, and disruptions can cause them stress and unhappiness. Unfortunately, maintaining a completely stress-free environment is not possible at all times, so when events like travel and moving arise, do your best to make the changes as seamless as possible. “Moving is a very stressful time and pets feel your emotions.  When you are stressed, they feel it. Try to keep your pets bed, and food in the same place until it is time to pack them up.  Pack up your pets’ things last.” advises Rebeca Hennie from Dog Gone Taxi. 

Rebeca also has you covered with suggestions to keep your pet as happy as possible during travel: “If flying with a pet – purchase a travel kennel 2-3 weeks in advance. Put your pets bedding inside so it knows this is a safe place. When it is time for the actual pet move day [this can be a different date than your move day]  stay calm and don’t get too excited or emotional. 

If you show that you are high on emotions, your pet will think something is wrong and that the kennel is not a safe place. If you are moving overseas, we recommend using a professional IPATA pet shipper like Dog Gone Taxi. By following these pet-proofing tips, you can create a safer, more comfortable environment for your pet.” Take some of the stress out of travel and moving with your pet by using the above tips and tricks!

Making a pet-friendly home: in a nutshell

Setting up a pet-friendly home is an essential step in creating a safe and welcoming environment for your furry friends. As is spelled out above by our knowledgeable experts, by incorporating the right furniture, flooring, and safety measures, you ensure that your pet’s space is both comfortable and secure. Take initiative to ensure that regular grooming and careful management of potential hazards are a part of your pet care routine, and embrace smart technology to aid in maintaining a well-organized space. With these strategies, you’ll be well on your way to making your home a happy haven for your beloved pets.

Source: rent.com

Apache is functioning normally

The bachelor party decided to go to the casino. I happily went along for the ride. The behavioral finance nerd in me was ready to witness fascinating behavior. Gambling can certainly be entertaining, but it’s not financially savvy. As long as you know that, you’ll be ok – albeit a little lighter in the wallet.

This particular casino had an engaging “loss leader.”* They offered $15 in free casino credit to new gamblers. The scheme, of course, is cynical. They hope those free bets hook you, knowing that a regular gambler will surely lose back more than the free $15 over a long period of time.

*a strategy where a product is sold at a price below its market cost to stimulate other sales of more profitable goods or services.

And all it takes is one true addict to make up for hundreds of free giveaways. Like I said…cynical.

Most of our friends went to the blackjack table (where the per-hand odds are ~42% for the player, 50% for the house, and 8% ending in a tie), betting in their own cash on top of the free $15 credit.

My buddy, Trey, and I cheaped out. We took our $15 casino cards and went to the dollar slots. Let’s push some buttons and have free fun until the $15 disappears.

But we got lucky.

Trey turned his $15 into ~$80 of real money, and I left with ~$200. Our $30 in free credit became $300 real dollars. We counted our blessings and walked away. Appetizers are on us, fellas!

Meanwhile, the blackjack players ultimately played until their chips disappeared. They had fun but they lost their money. And yes – a few of them learned of our “success” at the slots and felt aggrieved by our dumb luck.

But if we look strictly at the financials, I see a clear takeaway:

  • Trey and I “played” in a way that was literally impossible to lose. As long as we didn’t succumb to any impulse to wager our own money, we had a 0% chance of losing. Granted, we got lucky to leave with gains. But we weren’t going to lose money.
  • The blackjack guys played in a way guaranteed to lose, barring any luck. The more hands they played – each a bet with odds against them – the more likely their loss.

It’s true – I’m not the most fun guy at the casino.

But implore you to apply a similar idea to your investing.

The Market Ain’t A Casino

First things first: the market isn’t a casino, and investing isn’t (or shouldn’t be) gambling.

I understand why it can feel that way, especially when we hear stories about GameStop, AMC, or Enron. Big bets, big wins, and big losses over short periods.

The market, as a whole, isn’t roulette, though. It simply represents the ownership of businesses—a small slice of the global economy that we each own. Owning a business is not the same as blind gambling. You’re not depending on dice or cards to fall your way.

Stock investing involves exchanging money today for the future income stream of a particular business. Or, in the case of a broad fund of stocks, the future income stream of the global economy. The economy doesn’t over- or under-perform based on dice or cards.

Investing in stocks – at least the way I implore us all to approach it – isn’t gambling.

Bets in the Market

But the stock market isn’t a guarantee, either. There will be times when we invest on Monday only to see our investments decline in value on Tuesday. In fact, the shorter our investment period, the more likely we’ll lose money.

I don’t want to play blackjack with my retirement. I don’t want to make coin-flip bets.

But the more the odds are in my favor, the more I’m willing to wager. In one of Berkshire Hathaway’s annual meetings, Warren Buffett says something akin to, “If you give me 5:7 odds, we’d be willing to wager a very large sum of money.”

FYI: That’s a ~58% chance of winning.

Personally, I don’t have enough extra money to make too many 58% bets. I’d much rather make 90% bets. Or even better, I’d rather bet with the casino’s money. I want to feel really sure that I’ll walk away a winner.

The longer you invest in the stock market, the more likely you’ll walk away with profits. That’s a wager I’m willing to make.

Some Bets I’m Willing to Make

As of writing this very sentence, the S&P 500 is at 5526.

Will the S&P 500 be higher or lower in one month? I don’t know, and I don’t care. I don’t want that bet.

Will the S&P hit 5626 (100 points up from now) before it hits 5426 (100 points down)? I don’t want that bet, either.

Both those bets—involving short periods and small changes (~2%) in the market—are too close to 50/50 bets. I’m not willing to take those odds. It’s too risky. That’s why, in my opinion, stock investing is inappropriate over short periods. One month, 6 months, even out a few years – stocks aren’t appropriate.

But will the S&P be higher or lower in 10 years? Or 20 years? Or more? I’m willing to make that bet, and it’s a sizable bet at that. I’ve got a lot of money on the line. I’m not sure it will pay off, but I like my odds.

Will the S&P hit 8300 (50% up from now) or 2750 (50% down)? I’m not sure. 50% declines do happen, but not too frequently. 50% increases are much more common. I’m an optimist on this one, too.

I care about long periods and steady compounded returns over those periods. The odds are clearly in the investor’s favor when looking at those time scales.

Those are some bets I’m willing to make.

Thank you for reading! If you enjoyed this article, join 8500+ subscribers who read my 2-minute weekly email, where I send you links to the smartest financial content I find online every week. You can read past newsletters before signing up.

-Jesse

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Source: bestinterest.blog

Apache is functioning normally

Thinking of making Oklahoma your new home? While it might not have the fast-paced vibe of larger metropolitan areas or the extensive cultural districts of other states, Oklahoma has its own distinctive appeal. Whether you’re considering homes for sale in Oklahoma City, exploring rental options in Tulsa, or looking at houses for rent in Norman, here’s what you need to know before making the move to Oklahoma.

Oklahoma at a glance

Oklahoma provides a distinct lifestyle shaped by its diverse landscapes and communities. While its cities may be smaller compared to major urban centers elsewhere, they have a lot to offer. Oklahoma City, the state capital and one of its largest cities, combines a rich history with modern amenities, while Tulsa, known for its vibrant arts scene and historic architecture, serves as a cultural hub. Norman, home to the University of Oklahoma, adds an energetic college-town vibe to the mix, making these cities some of the best places to live in Oklahoma.

The state’s landscapes are equally captivating. Oklahoma features a varied terrain that includes rolling prairies, lush forests, and dramatic mesas. The Wichita Mountains and the serene waters of the Great Salt Plains offer countless options to explore. 

Life in Oklahoma is often characterized by a slower pace that allows residents to enjoy a balanced lifestyle. Activities like hiking, fishing, and exploring state parks are popular, reflecting the state’s commitment to embracing its natural surroundings. 

1. The weather can be extreme

When considering living in Oklahoma, it’s essential to be prepared for its diverse and sometimes extreme weather conditions. The state experiences hot, humid summers with temperatures often soaring above 90°F, while winters are relatively mild but can occasionally see temperatures drop below freezing. Oklahoma is located in Tornado Alley, making it particularly prone to severe thunderstorms and tornadoes, especially during the spring months when conditions are ripe for these natural disasters. 

Insider tip: Invest in a reliable weather radio and familiarize yourself with local storm shelters and emergency procedures. Many communities offer storm preparedness classes that can help you stay safe and informed during severe weather events.

2. Oklahoma is an affordable state to live in

The cost of living in Oklahoma varies significantly across different cities, but remains relatively low. Oklahoma City has a median home sale price of around $262,000 and a median monthly rent for a one-bedroom apartment at $1,011. In contrast, Tulsa, located in northeastern Oklahoma, offers a more affordable lifestyle with a median home sale price of $250,000 and median rent of around $912. 

If you’re planning a move to Oklahoma, it’s important to weigh the pros and cons to ensure that this state aligns with your needs and preferences.

3. There’s plenty to do throughout the state

There are many fun activities and attractions for newcomers to explore and enjoy throughout the state. If you love nature, get ready to enjoy the beauty of the state’s diverse landscapes, from hiking and rock climbing in the Wichita Mountains to kayaking on Lake Texoma. 

You can immerse yourself in the state’s vibrant cultural scene by attending annual events like the Oklahoma State Fair in Oklahoma City, which features rides, concerts, and food stalls, or the Red Earth Festival in Norman, celebrating Native American arts and traditions. Additionally, the state’s diverse landscapes invite exploration, from the scenic Turner Falls Park in Davis to the historic Route 66 landmarks scattered across the state.

4. Fried food and bbq are staples here

Oklahoma’s cuisine is a delicious reflection of its cultural diversity and Southern roots, offering a rich array of flavors that anyone moving to the state will surely appreciate. The culinary scene is renowned for its hearty, down-home dishes, with barbecue being a standout favorite—think tender smoked meats slathered in tangy sauces. Fried foods, such as catfish, okra, and pies, are other staples, showcasing the state’s comfort food traditions. 

Insider scoop: For an authentic experience, visit local barbecue joints like Leo’s Barbeque in Oklahoma City, where you can savor some of the best smoked brisket and ribs in the state.

5. You’ll want a car to travel

Understanding transportation options in Oklahoma is crucial for anyone considering a move to the state. Major cities like Oklahoma City and Tulsa offer public transportation systems, but with a transit score of 23, you’ll need a car to get around. However, the transit systems in place may not cover more rural areas or smaller towns, making a personal vehicle often essential. 

6. Cowboy culture runs deep here

Oklahoma proudly claims the title of “Home of the Cowboy” due to its deep-rooted history in cattle ranching and Western culture. The state’s vast open plains and rich grazing lands made it an ideal location for cattle ranching during the late 19th and early 20th centuries. This era, known for the iconic cattle drives and the expansion of ranching operations, deeply influenced the state’s cultural identity. 

Oklahoma’s cowboy legacy is celebrated through numerous events, such as rodeos and cowboy-themed festivals, and is vividly represented at institutions like the National Cowboy & Western Heritage Museum in Oklahoma City. 

Insider scoop: For an authentic taste of cowboy culture, attend the annual Hoofs & Horns Spectacular in September, where you can experience thrilling rodeo events, live music, and a true celebration of Western heritage.

7. Oklahoma has high sales tax rates

Oklahoma boasts some of the highest average local sales tax rates in the nation, which notably affects the cost of goods and services for its residents. In many areas, the combined state and local sales tax rates can surpass 8%. This elevated tax rate is an important factor for those living in or moving to Oklahoma, as it can impact both personal finances and business expenses.

Methodology

Population data sourced from the United States Census Bureau, while median home sale prices, average monthly rent, and data on affordable and largest cities are sourced from Redfin.

Ana is a Marketing Specialist who loves to write about home improvement and local insights. Living in the Greater Seattle area, she enjoys traveling and spending time outdoors.

Source: rent.com