How to make extra money to help your finances survive the pandemic – Pocketful of Dirhams

There are numerous ways to diversify your sources of income, says personal finance blogger Zach Holz

The coronavirus pandemic has changed our lives dramatically. And with many in the UAE and around the world now dealing with a salary cut or job loss, there has never been a more important time to diversify how you earn your income.

If you only rely on the salary you earn from your job to support yourself, it can leave you and your family vulnerable if that income suddenly reduces or stops coming in entirely.

As the world struggles to deal with the economic effects of Covid-19, earning money on the side of your full-time job – whether through freelance work, creative talents, property income, investment returns or side hustles – has become crucial for many.

So what is the best way to diversify your income streams? And how do you identify what skill sets you can tap into? Plus are there any other ways to raise extra cash at this difficult time?

Host Alice Haine, the personal finance editor of The National, is joined by Zach Holz, a teacher and author of the personal finance blog The Happiest Teacher, who has multiple side hustles to ensure he can always earn an income.

Listen to last week's episode for the latest on staycation deals in the UAE