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How to Make Money During the Coronavirus Lockdown
While the federal government moves toward launching a $2 trillion economic stimulus bill, everyday, ordinary Americans are hurting badly right now. Indeed, some experts estimate that 3-4 million workers have already lost their jobs due to the coronavirus, and another 11 million jobs are at risk in the coming days and weeks. Millions more will probably see a reduction in their pay or their hours. With that in mind, it’s never been more important for professionals to shore up their revenue streams. Thankfully, we’re here to help. Here are five ways you can make money during the coronavirus lockdown:
Home Delivery
If you’re a young, healthy person and you own a car, you can still make enough money to scrape by even if you lose your job. Signing up to drive for a food delivery service like Grubhub or Doordash can be a great way to make a decent wage in a pinch.
Essential-Service Job
Grocery stores need help, and they’re hiring! Again, this is only a solution for those who are not at high-risk for the coronavirus. But if you’re physically able to do so, stocking shelves can keep your household afloat until things return to “normal.” Of course, if you have skills in other essential services –– particularly healthcare –– expect to get some calls for your assistance.
Invest
Invest in the stock market now? We must be crazy to suggest such a thing! Actually, we’re not. The stock market has recently undergone a massive dip, but it’s poised to make a comeback. Eventually. In the meantime, it’s probably best to invest any extra capital you have saved in industries like telecommunications. These are safe bets that are likely to return meaningful dividends both now and down the line, even if things get really bad.
Freelance
It’s almost a certainty that companies that are going to survive and thrive during this period will have to collaborate with freelancers to expand their operation. This is great news for capable professionals who need extra cash. Fix up your resume and start searching for jobs on freelance platforms now. The sooner you start garnering positive reviews, the sooner you can expect to make some serious cash.
Say Yes!
During a difficult financial period, every penny counts. As such, it’s important for professionals in need of supplemental income to be willing to say “yes” to whatever opportunities come their way. Even something as simple as filling out a survey designed by a company like Communications for Research could net you a few dollars. Just remember, taking a job today doesn’t mean you have to commit to it for the next ten years. Rather, focus on weathering this storm before you set new career goals.
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