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How to beef up your money inflow this year

Jan 1, 2025

How to beef up your money inflow this year

If making more money is on your 2025 to-do list, we’ve got some great tips for you. Nearly half of Canadians report being just $200 away from struggling to meet their regular financial obligations, and 30% say they already can’t cover their bills. If boosting your income is a goal, starting a side hustle is a smart way to go. A great place to begin is by monetizing something you're already good at. It’s faster and cheaper than learning a completely new skill. But if running a side gig isn’t an option for you, there are other ways to earn extra cash. For example, if you have a car, you can rent it out on Turo, a car-sharing platform that connects you with people who need a vehicle. Alternatively, if you live in an area with good public transit or are within walking distance of work or amenities, consider selling your car, which would save you around $1,400 a month. Just remember to avoid projects that eat up too much of your time or require a big investment upfront.

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