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Taking a year before I go on a Masters - any tips to maximise cash? Watch

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    Basically, I've decided to do a Master's degree (in either wildlife or ecology), but I'm presently recovering from a health issue so I've decided to wait and start it in 2017 when I'll be at my best.

    I figure taking this year will also allow me to gain more practical voluntary experience, top up essential skills and get a head start on my thesis

    My major limitation is that, due to aforementioned health issue I'll be unable to drive for a while longer.

    Does anyone have any tips for earning as much money as I can?

    So far, I've applied for every temporary job I can find regardless of field as well as agency work. I've put my existing savings (around £4,500) in an ISA, which matures on September 30th. Once I'm all clear health wise I'm also going to apply for paid clinical trials.

    Can anyone think of anything else I can do to bring in some cash? Be it large sums or small. This would help to pay for the masters itself, as well as short courses in the meantime.

    Thank you sincerely for any tips and ideas everyone (-:
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    Personally I feel like the value you gain from using your year to research and improve yourself where possible will be worth far more than whatever money you can amass. A year of self study that ends up netting you £2000 a year extra for however long you stay in your chosen industry is worth more than amassing maybe a few thousand now.

    There's two ways you can look at this. You can either treat your year as a business and work on things that will earn serious money but require serious investments of time or you can look at the generic, easy but low paying methods like surveys or having a clear out to sell on eBay. I'm all for the former but not everyone will be able to willing to put the effort in. If you are here's a few ideas to get you started:

    Blogging. Build a platform and use that to advertise yourself, a product or directly sell something. You're doing a Masters so there should be something you can be considered an expert in. The platform is also useful later down the line to beef up your CV if necessary.

    Sell a skill. Use a site like Fiverr or any other selling site to sell something you're good at.

    Work. This is the obvious one, and the most straightforward. Either get a standard job, top up with other odd jobs (babysitting, mowing lawns, etc.) or a mix of all the above. Again this is something you can potentially run as a business.

    There's hundreds of ways to "make money" with varying levels of difficulty and success. Pick something that matches your motivation.
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    (Original post by wiltshire21)
    Basically, I've decided to do a Master's degree (in either wildlife or ecology), but I'm presently recovering from a health issue so I've decided to wait and start it in 2017 when I'll be at my best.

    I figure taking this year will also allow me to gain more practical voluntary experience, top up essential skills and get a head start on my thesis

    My major limitation is that, due to aforementioned health issue I'll be unable to drive for a while longer.

    Does anyone have any tips for earning as much money as I can?

    So far, I've applied for every temporary job I can find regardless of field as well as agency work. I've put my existing savings (around £4,500) in an ISA, which matures on September 30th. Once I'm all clear health wise I'm also going to apply for paid clinical trials.

    Can anyone think of anything else I can do to bring in some cash? Be it large sums or small. This would help to pay for the masters itself, as well as short courses in the meantime.

    Thank you sincerely for any tips and ideas everyone (-:
    trading in gold, silver, platinum watches and gemstones
    I mean I started with a balance, a diamond tester, a loupe and a box of cash (£500 or so)
    and so Vistaprint business cards I posted locally and now I am making £10,000 a month in only 5 years
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    You also need to look at minising your outgoings.
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    (Original post by Tiger Rag)
    You also need to look at minising your outgoings.
    Oh believe me, my outgoings are minimised. Sometimes I even forego breathing haha.

    But yeah. My big problem right now I balancing so many conflicting interests, and finding work which is both flexible and doesn't require a car.

    I've got aroung £4500 in savings, tucked away in an ISA.

    I've also got a cash in hand job, which at least means I'm earning a crust (dont want to mooch off taxpayer, but it isnt doing my CV any favours as its unoffocial - and because the hours vary each week its stopping me from getting a voluntary placement).
 
 
 
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