The two pillars of financial security are making more money and spending less money. The extra cash that both offer will help you create an emergency fund and have money to invest for the future. However, you might be able to do only one or the other at different points in your life.
Many people find the “making more money” option less painful. I think both concepts are important, but today I want to focus on ways to bring in some extra cash.
The Weird Wide World of Reddit
A site I’ve come to love is Reddit. Reddit is an online bulletin board system, and has thousands of “subreddits” on a variety of topics. The subreddits are user-generated, and the topics range from informative, to funny, to extremely strange. For example, there is a subreddit dedicated to the letter G, and another dedicated to pointless stories.
And then there’s this subreddit, which is filled with pictures of people drinking beer in the shower.
Anyway, each subreddit is a forum where like-minded people can discuss a particular topic. You don’t need to register to view most of the information on Reddit. You do need to register to take part in a discussion, but all that’s required for registration is a username and password – no email address or personal information.
I’ve spent a lot of (too much) time on Reddit recently, and it’s been both entertaining and educational. I’ve also come across several subreddits that are helpful to the financially-minded person.
Using Reddit to Make Money
The first of these money-making subreddits is beermoney. As the name implies, this forum doesn’t have many options to bring in a huge amount of cash, but it details many little things that can earn people small amounts of money. This includes getting paid to do surveys, watching videos, or doing quick tasks. And there are people on the forum who claim to make $400 or more a month from these activities. I can’t personally vouch that much is possible, but it’s worth spending some time on this forum to see if you can get some of the money-making options to work for you.
Another great subreddit is workonline, which helps people find legitimate ways to bring in steady income by working from home. Many still think that work-at-home jobs are scams, but that definitely isn’t true of all, or even most of these opportunities. This type of work is great for stay-at-home parents, college students, and disabled people. And the awesome thing about this forum is that you can see the experiences that others have had with the jobs mentioned.
2 other useful subreddits are HitsWorthTurkingFor and mturk, and they’re related to Amazon’s Mechanical Turk program. Through this program, you can complete “HITs”, which are small, usually easy tasks that computers can’t do. You can sign up for Mechanical turk here and get started making money fairly quickly. In Amazon’s words:
Amazon Mechanical Turk is a marketplace for work that requires human intelligence…Amazon Mechanical Turk is based on the idea that there are still many things that human beings can do much more effectively than computers, such as identifying objects in a photo or video, performing data de-duplication, transcribing audio recordings, or researching data details. Traditionally, tasks like this have been accomplished by hiring a large temporary workforce (which is time consuming, expensive, and difficult to scale) or have gone undone.1
I’ve done some mechanical Turk work in the past. I did tasks like pulling data out of scanned receipts and tagging pictures. It wasn’t difficult, but I also didn’t make a ton of money. However, there are people on Reddit who say they make several hundred dollars a month doing HITS, so it’s worth exploring further.
And yet another subreddit that could help you make money is flipping. Flipping, as far as reddit defines it, is buying items at a low price and selling them at a higher price. This forum focuses on where you can buy low-priced items, where you can sell them, and how to sell them most effectively.
Since I’m a relatively new user of Reddit, I’m sure I haven’t uncovered all the money-making subreddits. If you know of any others, please share them in the comments below.