I’m worth £ 230,000 at 24 and make money doing NOTHING, renting board games and even my car – here’s how to make a mint too
A 24-year-old woman worth Â£ 230,000 ($ 420,000) has revealed how she makes extra money outside of her job – and she hardly has to lift a finger to do so.
Queenie Tan of Sydney, Australia has made her fortune making wise financial decisions, and she believes that anyone can make a lot of money too.
The marketing manager shares her advice on Youtube after starting to invest in her future at the age of 19.
But there are some easy ways to make the extra money, according to the money saving guru, including using what you already have.
“By developing our sources of passive income, it can allow us to free up more time, so that we can spend time doing the things we really want to do in life and working on the things that make us really happy,” Queenie said in the video.
“Pick and choose the ideas you want to add to your source of income, so you can earn money while you sleep.”
1. Rent board games
We can’t be the only ones with a stash of board games in the closet that we barely use.
If that’s you, Queenie believes you can make a fortune by renting them out to people.
âA lot of people have parties, weddings and birthdays, and often they rent games instead of having to buy them because they only need them for one day,â she said.
It’s not just limited to board games either, but even outdoor games that you might have.
2. Rent your car
Cars can be expensive to run, but if you have one that you don’t use a lot, consider leasing it to other people instead.
Queenie suggested Car Next Door, which is an Australian service, or ZipCar in the UK.
3. Rent your garage or a parking space
Also, if you have a garage or parking space in your home and don’t need it, allowing someone else to use it instead can earn you money.
âWe used to rent out our garage for $ 50 (Â£ 27) a week which is a pretty good income considering we didn’t really have to work for it,â Queenie said.
If you do this for around Â£ 25 a week, you could be making Â£ 1,250 a year just by doing nothing.
4. Rent a room
If you feel comfortable doing so, Queenie suggests that you rent a spare room in your house or in your apartment if you have one.
âIf you don’t use all the rooms in your apartment, you can rent a room for yourself and start earning passive income,â Queenie said.
You can do this on a more permanent basis or try something like Airbnb for temporary stays, especially if you are leaving and won’t be using your home.
5. Bank interest
While this may not work for everyone, the savvy saver suggests putting money aside in an “emergency fund” which should cover “three to six months of living expenses.”
This is in case you suddenly lose your job and have no income – but it shouldn’t be used unless you really need it.
Queenie suggests choosing a high interest bank account for this one so that you earn interest on your funds without doing anything.
It may not seem like much, but it is sure to add up – and every little bit counts.
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Queenie previously revealed her budget recipes and how she eats for just Â£ 34 for two weeks.
Plus the Four Money Mistakes You Should Stop Making NOW.
And this woman made Â£ 20,000 renting her clothes and says she’s a shopaholic and it’s an easy way to pay for more outfits.