Think smart, use what you have to make extra cash

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The tough economic times and increasing interest rates, food and fuel prices call for one to have a side hustle.

But side jobs require you to put in time and effort and therefore many people are turning to the notion of passive income, which is less demanding, according to JustMoney marketing manager Shafeeka Anthony.

“If you have expertise in a particular sector, you could create a teaching product to pass on your knowledge. Another option, if you spot a product gap in the market, is to hire a freelance industrial designer to develop a prototype and then take it to a contract manufacturer. You can then sell this product online using automated payment options.”The 57-year-old woman said she rents out two shacks and the tenants pay R400 each.

She got another tenant and says renting out these shacks during the three years she had no job helped her family a lot.

 

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