#1: InvestInvesting can be high risk, and this is enough to deter some would-be investors instantly. However, if you're willing to take a gamble, it may be an option for you. Flexible, potentially profitable, and not overly time consuming, investing can be done in a way to suit most people, so it may be worth exploring. With a wide range of markets to choose from, from forex and spread betting to stocks, you'll usually be able to find something to suit.
#2: Freelance your skillsIf extra hours at work aren't an option, have you tried cashing in on your skill set independently by offering a freelance service? This will not require you to spend time acquiring a new talent, and can be tailored to suit your availability. You'll often find that you can charge more per hour when working in such a capacity, as your clients won't have the additional fees charged by your employer for their more extensive service, so it will feel like they're saving money overall.
#3: Cash in on your hobbyFor those who are short on time, it can be an idea to try making money from any hobbies that you have, as this often won't feel like additional work. If you produce something through your endeavours, try selling it on to earn some extra cash. Alternatively, why not advertise your services as a teacher? Whether you horse ride, play an instrument or practise a martial art, people are sure to pay for your wisdom if you let them know it's on offer. So, which idea will you try?
Neil Hughes is a freelance finance writer specializing in the areas of stocks and shares, forex and ISAs. After studying business at Lancaster University, Neil worked at a number of financial institutions in London and New York and is now following his passion for writing.