In 2021, we are reaching our money goals! We have heard many times before that having multiple streams of income is the way to go. You may have heard that most millionaires have seven streams of income that they traditionally use. Those seven streams of income are:
- Earned Income
- Profit Income
- Interest Income
- Dividend Income
- Rental Income
- Capital Gains
- Royalty Income
According to an article by the career site LinkedIn:
"There's a lot of hype going around the get-rich-quick industry about how to become a millionaire overnight, but the truth is that most people don't have an overwhelming, all-consuming desire to earn a great deal more money than they need to live comfortably. I believe that what most people want isn't to make 20 million USD in a few years. What they really want is to stop trading their time for money – or at the very least, reduce the amount of time they spend making that money."
Reducing the amount of time you spend making money is the ideal situation. There are 24 hours in a day, it is necessary to maximize that time to stream in income. Luckily, with smartphones literally at the tip of your fingers, you can turn your screen time on apps into an avenue that makes you money. It may not make you a millionaire right away but it can bring in a few hundred to thousands of dollars a month. Check out these apps to stream more income into your bank account.
TaskRabbit
TaskRabbit
TaskRabbit is an app where you can list your services in any area and people who need those specific things can contact you for work. The most common things that appear on this app are moving furniture, mounting a TV, household cleaning, and IKEA assembly. To get started, you simply create a profile on TaskRabbit and highlight your most valuable skill. From there, you set your rates on what it takes for you to complete the job and then people are able to contact you immediately. The key to this app is the more tasks you complete, the better chance you have of getting selected to complete tasks in the future. Also, once you have completed a task, you can receive reviews that help people to select you over other taskers.
OfferUp
OfferUp
If you have an eye for selling things online, then this is the app for you. This app offers a great platform for sellers to sell their used items to buyers in their local area. To use this app, you upload pictures, a description, and a price point for the items you want to sell. There are sellers that have listed everything from clothing to cars on OfferUp currently. To get your listing to be viewed more often, there is an option that the app has where you can pay to promote your listing. OfferUp can be used to make quick cheap buys and flip them to make a profit. This app recently added a feature where you can ship items nationwide which can expand the seller's pool of buyers.
Acorns
Acorns
There has been growing popularity amongst apps that help you save money in your bank account by creating a budget as well as helping you invest that money. Acorns is no different by putting your money to work by investing it. This is great for newbie investors who are looking for ways to start building up your account. The microinvesting app rounds up your spare change from card purchases and deposits it into an investment account. If you don't have lots of money to start investing, this can be the perfect way to find some extra cash laying around. Acorns has a few questions for you to answer about your risk tolerance and they will assist in the best portfolio with your needs in mind.
Bookscouter
Bookscouter
If you are like me, you have a never-ending bookshelf full of books. Some I have bought and sit in a "plan to read pile" for months on end and some that I have collected over time never to be read again. If this is sounding familiar, then Bookscouter is the app for you to get rid of those books that are taking up space in your home. Marie Kondo taught us to only keep things in our home that spark joy, and that includes books. This app allows you the opportunity to sell books online and to locate the highest bidder easily. You can choose to sell your old and used books by downloading the app, scanning the book barcodes, looking at the aggregation of buyback prices, and selling to the highest buyer. The shipping for this app is free.
Getaround
Getaround
This app is similar to Turo where it is based on the idea of people sharing their cars with strangers. According to a USAToday article:
"Getaround enables members to rent out their vehicles to strangers. Those willing to share their vehicles pay $99 for Getaround to install a device that can unlock the vehicle through a smartphone app. There also is a pouch in which the owner places the key. In addition, owners pay a $20 monthly fee to be connected to the company's network."
OK, so you can list your car starting a $5 an hour and higher based on Getaround's recommendations. If you get a client, Getaround does keep 40 percent. The app guarantees that you will make $1,000 in the first three months. However, your car can be no older than 10 years old and needs to have less than 125,000 miles. I personally have seen many people build businesses that are extremely successful and lucrative off these sorts of apps.
So, kickstart your 2021 with some of these apps and bring in that extra cash you need. There are many more out there but it is my suggestion to do your research and make sure you get cashback and not rewards. Also, apps sound like they put money in your pocket but you need to read the fine print. However, the apps I mentioned above should get you started in the right direction.
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xoNecole sat down with Luke James to talk about his latest series and all the complexity surrounding it—from the challenges taking on this out-of-the-box role to the show's depiction of the perplexing history of the relationship between Black Americans and police. When describing the opportunity to bring Edmund's character to life, Luke was overjoyed to show the audience yet another level of his masterful acting talents.
"It was like bathing in the sun," he said. "I was like, thank you! Another opportunity for me to be great—for me to expand my territory. I'm just elated to be a part of it and to see myself in a different light, something I didn't think I could do." He continued, "There are parts of you that says, 'Go for it because this is what you do.' But then also that's why it's a challenge because you're like, 'um, I don't know if I'm as free as I need to be to be able to do this.' Little Marvin just created such a safe space for me to be able to do this, and I'm grateful for everything I've been able to do to lead to this."
Courtesy
Them: The Scare, like the first season, shines a light on the plight of Black Americans in the United States. This time, the story is taking place in the 1990s, at the height of the Rodney King riots in Los Angeles. While the series presents many underlying themes, one that stands out is Black people and the complicated relationship with the police. "For the audience, I think it sets the tone for the era that we're in and the amount of chaos that's in the air in Los Angeles and around the country from this heinous incident. And I say it just sets the tone of the anxiety and anxiousness that everybody is feeling in their own households."
James has been a longtime advocate against police brutality himself. He has even featured Elijah McClain, the 23-year-old Colorado man who died after being forcibly detained by officers, as his Instagram avatar for the past five years. So, as you can imagine, this script was close to his heart. "Elijah was a soft-loving oddball. Different than anyone but loving and a musical genius. He was just open and wanted to be loved and seen."
Getty Images
Luke continued, "His life was taken from him. I resonate with his spirit and his words...through all the struggle and the pain he still found it in him to say, 'I love you and I forgive you.' And that's who we are as people—to our own detriment sometimes. He's someone I don't want people to forget. I have yet to remove his face from my world because I have yet to let go of his voice, let go of that being [because] there's so many people we have lost in our history that so often get forgotten."
He concluded, "I think that's the importance of such artwork that moves us to think and talk about it. Yes, it's entertaining. We get to come together and be spooked together. But then we come together and we think, 'Damn, Edmund needed someone to talk to. Edmund needed help... a lot [of] things could have been different. Edmund could have been saved.'
Check out the full interview below.
Luke James Talks Ditching Sex Symbol Status For "Them: The Scare", Elijah McClain, & Morewww.youtube.com
Featured image by Getty Images
