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5 Easy Ways to Earn Extra Money

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5 Easy Ways to Earn Extra Money

With an economic climate like today, earning a bit more income is important. Here are a few ways you can earn extra money.

1. Home Delivery Services – GrubHub/Delivery Dudes/Instacart/Shipt

All of these platforms are a variation on bringing food to people who can’t (or don’t) want to leave their house.

The meal delivery services like GrubHub and Delivery Dudes work with restaurants in your local area. They offer delivery services for restaurants that don’t do deliveries themselves. Customers order from the restaurant of their choice, and you can sign up to be a delivery driver. You’ll have to submit an application and pass a background check, but once you are approved you’ll be able to view orders to pick up and deliver around town and keep 100% of the tips you earn.

For grocery delivery services like Instacart or Shipt, you’ll receive items to shop for and deliver those items to the customer. Most platforms allow the shopper (you) to keep 100% of your tips. The Shipt app even suggests minimum tip percentages, but keep in mind that tips are optional.

2. Online Marketplaces – Ebay/Mercari/Poshmark/OfferUp

If you are like most Americans, you’ve spent at least part of the quarantine cleaning the house and throwing out things you probably don’t remember buying.

Instead of just discarding unwanted items, you can list them online and make some extra money. Depending on what you are selling, different platforms or apps exist to serve as platforms in selling those items. Clothes sell very well on Mercari and Poshmark, while Ebay and OfferUp are general marketplaces. The benefit to OfferUp is that it’s a more localized marketplace, allowing you to sell larger items without the worry of having to ship an item once it sells.

3. Freelance – Fivver/Upwork/Elance

The growth of freelancing sites in the last few years means that no matter your knowledge or expertise, someone out there is willing to pay you for your help. With freelance jobs available in virtually every industry or niche, it’s just a matter of finding the ones that best fit your skills. Jobs are paid either on an hourly basis or per project, depending on your preference, and can be either a one-off project or an ongoing commitment. Most sites hold the payment in escrow, so you never have to worry about not getting paid for your work.

4. Sell handmade products – Etsy/Ebay

If you have a knack for crafts or handmade products, setting up an Etsy store or selling on Ebay could be a great way to earn extra money. Virtually any handmade item like jewelry, clothing, scarves, holiday or special occasion cards or macrame can be sold on these marketplaces.

5. Offer Your Handman (or Handywoman) services – Nextdoor/Craigslist

With spring upon us, there’s plenty of yard work or maintenance that needs to be done. If you are handy or are good at lawn services, consider offering your service around your neighborhood. There are plenty of people looking for help with tasks around the house or in their yard. Almost all of them would gladly pay for your help. Plus you get to be outdoors and get fresh air.

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Need Income? Here Are 8 Safe Stocks That Yield More Than 2.5%

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Need Income? Here Are 8 Safe Stocks That Yield More Than 2.5%

With interest rates at all-time lows, it is becoming increasingly difficult for investors to earn a decent yield in today’s environment. Savings accounts pay a little more than 1% and Treasurys pay even worse.

For seniors or retirees looking for income, there are a handful of companies that have been paying a consistent dividend for more than 100 years that also have a yield higher than 2.5%.

Here are eight companies to take a look at:

Coca-Cola

Symbol: KO
Dividend Yield: 3.6%

Coca-Cola is the newest addition to the list, with 2020 marking the 100th year that the company has paid a dividend. The company also announced in February that it was increasing the quarterly dividend, making it 58 straight years where the payout has increased. Even with health trends shifting away from sugary drinks, the company has a robust product lineup. It has also been expanding into new beverage lines like coffee and energy drinks.

Chubb

Symbol: CB
Dividend Yield: 2.9%

Chubb is an insurance company based in Switzerland that primarily writes policies for property and casualty, accident, health, life and reinsurance and is the largest publicly traded property and casualty company in the world. In addition to paying a dividend for more than 100 years, the company has also raised its payout to shareholders for 27 consecutive years.

General Mills

Symbol: GIS
Dividend Yield: 3.2%

You probably recognize General Mills’ brands every time you head to the grocery store. They own brands like Cheerios, Wheaties, Betty Crocker, Pillsbury, Haagen-Dazs and many more. The company has been paying out a dividend for more than 120 years and have increased that payout for 15 straight years.

Colgate-Palmolive

Symbol: CL
Dividend Yield: 2.5%

Another company with plenty of household brand recognition, Colgate-Palmolive owns brands like Colgate, Palmolive, Speed Stick and Tom’s of Maine. The company has paid out dividends for 125 years and has raised its dividend consistently for the last 57 years.

Procter & Gamble

Symbol: PG
Dividend Yield: 2.8%

The company owns iconic brands like Pampers, Tide, Bounty, Charmin, Gillette, and Head & Shoulders. It has been paying a dividend for more than 100 year and has raised that dividend every year for the last 63 years.

Johnson Controls

Symbol: JCI
Dividend Yield: 3.6%

Based in Cork, Ireland, the company provides fire, HVAC and security systems for buildings. The company has been paying a dividend to shareholders since just after it was founded in 1887, a streak of 133 years.

Consolidated Edison

Symbol: ED
Dividend Yield: 4.3%

Starting way back in 1823 as the New York Gas Light Company, Consolidated Edison provides gas, electric and steam power to New York City and Westchester County, NY. The company has a long history of paying dividends to shareholders dating all the way back to 1885, a streak of 135 years.

Exxon-Mobil

Symbol: XOM
Dividend Yield: 7.7%

The massive energy company started as two spinoffs of John D. Rockefeller’s Standard Oil company, Exxon and Mobil. The two companies merger in 1998, but investors in the companies have been receiving consistent dividend payments since way back in 1882.

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Social Media Stocks Slip As Trump Issues Executive Order

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Social Media Stocks Slip As Trump Issues Executive Order

Social media stocks slipped yesterday after President Trump signed an executive order granting the government broader authority to crack down on social media companies. Twitter fell 4.45%, Facebook dipped 1.61% and Google’s parent company Alphabet dropped 0.08%. Twitter took the biggest hit because Trump said if the company doesn’t operate honorably, he hinted he would consider shutting the company down.

Trump says social media companies have gained “unchecked power” and have taken on the roles of editors and publishers of the content on their websites. His executive order would remove their “liability shield” if they engage in censorship.

What is Section 230?

Section 230 allows tech companies to moderate user-generated content on their site without becoming legally liable for it as a publisher typically would.

The law allows companies to engage in “good Samaritan” moderation of “objectionable” material. This, then, comes without the companies receiving a publisher or speaker treatment. Section 230 allows platforms like Twitter, Facebook and Google’s YouTube to take down terrorist content. It also allows them to track and take down harassing messages while still enjoying other legal protections.

What the law doesn’t allow, and what Trump says the platforms are doing, pertains to selectively moderating what messages users see to silence conservative voices.

“They’re doing things incorrectly, they have points of view,” Trump said at the White House. “My executive order calls for new regulations under Section 230 of the Communications Decency Act to make it that social media companies that engage in censoring or any political conduct will not be able to keep their liability shield. That’s a big deal,” he also stated.

Trump’s Order

Trump said the order would also prevent taxpayer dollars from going to any company that engages in what Trump referred to as deceptiveness. This is in addition to limiting these protections for companies that acted with bias.

Trump’s executive order comes just days after Twitter added a fact-checking feature. The social media site added the new feature alongside two of the President’s tweets about mail-in ballots and fraud. After Twitter added the fact-checking features, Trump then accused the company of engaging in “political activism.”

He also tweeted, “So ridiculous to see Twitter trying to make the case that Mail-In Ballots are not subject to FRAUD. How stupid, there are examples, & cases, all over the place. Our election process will become badly tainted & a laughingstock all over the World. Tell that to your hater @yoyoel.”

“Big Tech is doing everything in their very considerable power to CENSOR in advance of the 2020 Election,” the president also said Wednesday night — on Twitter. “If that happens, we no longer have our freedom. I will never let it happen! They tried hard in 2016, and lost. Now they are going absolutely CRAZY. Stay Tuned!!!” he then added.

Reactions

Facebook CEO Mark Zuckerberg said that his company is taking a different approach to moderating content on his social media platform.

“I just believe strongly that Facebook shouldn’t be the arbiter of truth of everything that people say online. Private companies probably shouldn’t be, especially these platform companies, shouldn’t be in the position of doing that.”

The interest in updating Section 230 to remove the liability shield for publishers isn’t just a goal for Republicans. It actually has bipartisan support.

This past January, Democratic nominee Joe Biden proposed revoking Section 230 completely. “The idea that it’s a tech company is that Section 230 should be revoked, immediately should be revoked, number one. For Zuckerberg and other platforms. It should be revoked because it is not merely an internet company. It is propagating falsehoods they know to be false.” Biden also never responded to follow-up questions about this statement.

Even former Democratic candidate also Bernie Sanders supported the idea, adding, “Tech giants and online platforms should not be shielded from responsibility when they knowingly allow content on their platforms that promotes and facilitates violence.”

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Mark Cuban Proposes ‘Use it Or Lose It’ Debit Cards to Boost Recovery

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Mark Cuban Proposes ‘Use it Or Lose It’ Debit Cards to Boost Recovery

Mark Cuban hasn’t been shy about voicing his ideas to get our country back on the road to recovery. His latest proposal is that the government issue debit cards to US households to help businesses by boosting consumer spending. The caveat to Cuban’s plan is that the debit cards have a “use it or lose it” feature.

“… I think we need to do a debit card program where we give money literally to each household and make it ‘use it or lose it,’ whether it’s $1,000, or $1,200, or whatever that number is, every couple of weeks and say, ‘You have X number of days to use this debit card, or you lose the money that’s been deposited on there.’”

Cuban came up with the plan. As he said, “we’ve got to get to a scenario where consumers have enough confidence to go out there and spend money… the primary reality is no business can survive without sales. And two-thirds of the economy is consumer-generated demand.”

Without an increase in business, many businesses can’t afford to re-hire their employees. Even if they could, some are receiving more money from their unemployment benefits than they are from working.

Cuban’s Plan

Cuban says his plan is a “perfectly timed stimulus program” and “…by doing that, and timing it right, that’s going to create demand for these companies so they can afford to bring their employees back after they’re off of all that unemployment CARES enhancement.”

The CARES Act became law in March. It added an extra $600 weekly payment on top of the amount someone receives under state law. Those additional benefits will end in July unless the government extends it.

Cuban has also proposed that the government start a federally-guaranteed jobs program. He said these should give people “confidence in their jobs” and help start the rehiring process.

“We’re going to have to have a transitional, not permanent transitional federal jobs program,” he said. He also included jobs like the ones created during the pandemic to track and treat COVID-19 patients.

“And so we’re going to need to hire people, millions of people, you know, preferably for testing, tracing, tracking, supporting vulnerable populations, long-term care, you know, giving people jobs that they know, are stable, because that gives them the impetus to spend money,” Cuban added.

Criticisms

While Cuban’s plan would absolutely boost consumer spending, Scott Baker, an associate professor of finance at the Kellogg School of Management at Northwestern University says it won’t help every industry.

“Some industries you won’t be able to stimulate this way,” said Baker. He also said that the plan cant help the tourism industry. He said this because, even with extra money in their pockets, Americans aren’t travelling.

Baker also says that during economic uncertainty, most Americans will delay durable goods purchases, like electronics, appliances and vehicles.

Cuban, who has become more vocal about his ideas to help the country recover from the coronavirus pandemic, also hasn’t officially ruled out a 2020 presidential run.

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