Speculating to Accumulate: How to Earn Money as a Student
While the spectre of rising student tuition fees is an issue that impacts on economies across the globe, it is particularly prominent in the Western world. Take the UK, for example, where more than £10 billion is loaned to students each year regardless of the level of prosperity that drives the labour market or economy as a whole.
Not only this, but the cumulative amount owed by British students continues to grow and could reach £330 billion by the middle of this century.
This is a major issue, but it is also one that individual students can assume responsibility for and resolve independently. While they cannot do much about fixed tuition fees or the cost of studying, they can at least look to boost their income levels and make it easier to build a nest-egg for the future.
3 Ways in Which Students Can (Realistically) Earn Money
Of course, it is crucial that students are able to earn capital without compromising their ability to study or the quality of their work. With this in mind, here are three unique ideas to build income and generate more money for the future: –
Monetise Your Study Resources and Materials
One of the best ways to profit as a student is to monetise the materials and resources that have enabled them to study during a specific, academic year. This is a relatively new market, but it also one that offers huge potential for students and taps into growing demand for affordable, second-hand items.
This also has the benefit of not impacting negatively on your studies, as your are unlikely to need the same studying materials, text books and learning resources from year to year. So if you have completed your first year of studying, you can sell your resources to new students who are in the market for affordable learning materials as they start their own academic adventure.
You can sell these either privately or online, but either way this represents an excellent way of monetising assets and raising quick, effortless funding.
Become a Strategic Gamer
For those of you who have a more adventurous outlook and wish to generate income during their spare time, embracing the burgeoning online gaming market may offer a tailor-made solution. With numerous games of various skill levels available (many of which have been derived from classic casino games such as blackjack and roulette), there is something to suit every conceivable taste, skill-set and risk outlook.
The key is to enter the market with caution, while setting an affordable bank roll that you can afford to lose in the pursuit of gains. Your choice of game is also crucial, as each one offers a variable house edge and RTP (return rate to player).
Online platforms are also renowned for their generous promotional offers in the modern age, so you can leverage these to access free gameplay and optimise your bottom line returns. To compare all of these details across various platforms and games such as online slots, click here and be sure to make an informed choice.
Launch a Low-cost, Part-time Business Based on Your Field of Study
As a student, you are presumably working towards gaining knowledge and expertise within a specific field. This means that you are likely to develop marketable skills and experience while you learn, which in turn offers you an opportunity to monetise these and earn viable sums of money in the process.
Whether you are able to offer a service or leverage your coursework to create and sell products, the key is that you focus on your expertise and develop a model that negates the need to invest huge amounts of time into the venture. This will ensure that you can generate income without encroaching on your studies, while it may even add a practical element to your learning and equip you with vital skills for the future.
Regardless of how you choose to generate income, however, be sure to minimise risk and the amount of time (and money) that you commit to the endeavour. This is crucial, particularly if you are to optimise your investment and leave university with the desired qualifications!