Money is fun

Today’s Does of Wisdom

“The dream is free. The hustle is sold separately.”

So This Happened

1- Gold Price Forecast: Rally Slows as Overbought Risks Emerge

Gold hit a new record high of $3,058 but showed slowing momentum and risks a lower close. Despite potential short-term weakness, the overall uptrend remains intact with rising highs and lows. Key support is at $3,026, while the next resistance zone lies near $3,080. Weekly momentum remains bullish. FXEmpire

2- Bitcoin ‘Probably’ Hit Its Bottom At $77,000, Arthur Hayes Says

Arthur Hayes believes Bitcoin likely bottomed at $77,000 after the Fed signaled an end to quantitative tightening. While this may boost crypto, he warns stocks could still decline. Future bullish catalysts may include QE or SLR exemption. Despite optimism, BTC faces risks amid economic uncertainty and mixed market signals. TradingView

5 Quick-Start Ways to Earn Money While Job Hunting

Losing your job can feel devastating, but it can also open doors you never knew existed. While you're busy applying for new roles, side hustles offer a practical way to keep your finances stable and your skills sharp. Here’s a ladder-structured guide—from easy-entry options to side hustles that leverage strong skillsets—to start earning quickly and meaningfully.

1. Market Research Participation (Minimal Barrier to Entry)

Participating in market research studies is an immediate way to earn extra cash. Companies often pay individuals for their opinions on products or services. For instance, platforms like Survey Junkie and Swagbucks allow users to earn money by completing surveys.​

Real-Life Example: While specific earnings can vary, many users report earning modest amounts suitable for supplementing income during job transitions.​

2. Freelance Writing or Content Creation (Low to Moderate Barrier to Entry)

With a background in marketing or finance, freelance writing is a natural fit. Companies and publications constantly seek writers who can explain financial topics or marketing strategies clearly and engagingly. Sites like Upwork and Fiverr offer excellent starting points.​

Real-Life Example: Holly Johnson transitioned from a traditional job to earning over $200,000 annually as a freelance writer. She emphasizes consistently pitching relevant topics to established blogs and magazines. ​

3. Social Media Management and Marketing (Moderate Barrier to Entry)

If you understand social platforms and can craft engaging posts, social media management is in high demand. Small businesses and entrepreneurs regularly outsource these tasks. Platforms like LinkedIn Jobs and Indeed frequently list freelance social media roles.​

Real-Life Example: Rachel Pedersen, after losing her marketing role, leveraged her social media skills into a thriving business. She started by offering affordable social media packages to local businesses and now runs a seven-figure digital marketing agency.​

4. Online Coaching or Consulting (High Barrier, Strong Skill Set)

If you have significant experience in finance or marketing, offering online coaching or consulting services can be highly profitable. Platforms like Clarity.fm or LinkedIn ProFinder are excellent for connecting with clients.​

Real-Life Example: Jeff Rose, a Certified Financial Planner, turned his expertise into a lucrative side hustle by offering one-on-one financial coaching online. He leveraged blogging and social media presence to attract high-paying clients.​

5. Launch an Online Course or Digital Product (Highest Barrier, Strongest Potential)

For those ready to invest time and energy, creating a digital course or e-book can yield impressive results. Platforms like Teachable and Kajabi simplify selling your knowledge online, turning your expertise into a scalable income.​

Real-Life Example: Ramit Sethi, author and creator of "I Will Teach You To Be Rich," transformed his marketing and financial expertise into online courses that generate millions annually. His success highlights how packaging your existing knowledge can become a lasting revenue stream.​

How to Choose the Right Side Hustle for You?

• Evaluate Your Skills: Are you great at writing, communicating, or analyzing data?​

• Consider Your Time Commitment: Can you devote hours each day, or are you looking for quick, flexible tasks?​

• Assess Your Financial Situation: Do you need immediate cash, or can you afford to invest time to build something long-term?​

Final Thoughts

Side hustles not only provide financial support during uncertain times—they also empower you to develop new skills and connections that enhance your professional journey. Pick the side hustle aligned with your strengths and goals, and start turning your job loss into a launchpad for something great.

Sources:

1- DollarSprout: “How Holly Johnson Built a $200K/Yr Freelance Writing Career”

2- Cash Blog: “Money Can Buy Me Happiness”

3- Rachel Pedersen

4- Good Financial Cents