Make Money From Your Home

Kiyosaki says that most often than not, a home is a liability and not an asset. Why? It is because for most people their homes bring a lot of expenses to them rather than an income. They need to pay various home utility bills aside from the real estate taxes.

Everyone knows that he or she can make money from home. Well aside from various home-based businesses such as blogging, and other outsourced work which you can do in the convenience of your own home, there are more ways for you to make money from your home.

Take in a Lodger. Renting out your home for tenants is one of the most popular way of making money from your home. It is a quick way to earn money from a spare bedroom although you will “pay” for it with a level of loss of privacy.

Location for Film or TV Advertisements. You can also make money from your home by renting it out as a place for a movie or TV commercial shoot. The most likely attribute it’s going to have is a unique or curious aspect. Your home should be a suitable venue for a scene on a movie or a place for shoot for tv commercials.

Short-Term Let. If your home is near a sporting venue or to a location of a big annual event, you could rent it out to participants and spectators, because even the smallest flat could be let-able. Some small time businesses can be set up using the space in your home.

Alternatively, if your home is near an airport, you could rent some of your space as a parking space.

Get Advertisements. If your home is located in a good location, say in a subdivision, where there are a lot of people passing by, you could set up a little billboard in your fence and get advertisers to advertise their products and services.

This was the case in one of the homes in our subdivision. The lot where the home was built is a corner lot and a lot of cars and people are passing by that home just to get to their respective homes. It was in a very good location.

The home owner took advantage of it and built a small billboard on their fence for interested advertisers. As expected, there were some advertisements on it. I remember there were times that when I passed by to that home, the billboard was full of ads and there were no more slots available for new advertisers.

Tyrone is a passionate financial literacy advocate. He started this blog on November 2008 when he watched The Secret which talked about Law of Attraction because he wanted to become a millionaire and wanted to know how a millionaire acts. At the age of 26, he achieved his first million. To find out more about him, click here or follow him at Instagram

17 responses on “Make Money From Your Home

  1. Nice, “Location for Film or TV Advertisements. ” I haven’t thought of that. Now some questions popped in my head

    1. How do you get started on that
    2. How much can you ask for that

    Thanks, thanks!

    • I think first thing, you need to ask the budget of the logistics manager or the person responsible for finding the suitable location.

      Second, you need to ask how long will the home be used for the film or advertisement.

      You might want to include in the negotiations expenses such as electricity, water, etc.

  2. Hi,
    I am a beginner with blogging, i started one yesterday and the purpose of my blog is to discover how people earn money doing it. With my blog i want to keep track of my progress and other may use it as a guide, that is if my story will be somewhat succeful ofcourse

    All tips are appreciated! 🙂

  3. Great make money from home tips sir Tyrone! I like the get advertisements stuff.. 🙂
    And here’s my 2 cents:
    Do a baby sitting service at the convenient of your home. And if your home is spacious, and you’re fond of teaching kids (and doesn’t mind kids running around), then you can put up a nursery school right your home. =)

  4. There are indeed many ways to make money from home. Blogging is very common nowadays as many have exploit to this area. Trading at home, copywriting, product creations…all are ways to make some good money.

    Of course many people are lazy and do not want to spend too much efforts, so some automated programs can really help them.

  5. Hi Tyrone,

    I was amazed at how some of the ways to make money from you home (not just make make money at home) were pretty new to me and quite feasible. One can really turn his home into an asset if he has good location, (house) in good condition and good marketing/ideas. I am starting to love your blog, it has got bazillion of ideas and topics that I love (just look at how the recent comments is being ruled by me today, haha)

  6. Wow! I never thought of that last idea (the “advertising house”) before! For my family’s house, it used to be a small one, but as relatives came to live with us, we extended the house. After more than a decade, we all grew up and got married and moved out, so only my parents were left. They divided the house into parts and had the other parts rented out. So even though they’re retirees, they still had additional income. 🙂

  7. I really appreciate the writer’s skills over here as he has presented the facts in the right manner. Also he has kept the content simple, engaging and concise.

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