After Christmas Passive Income Strategies

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The happy season is just about to end and here comes the new year. With that there are some ways you can earn with whatever you got as a gift. Always remember the saying that “you collect memories and not things” thus one thing you can do after the celebrations is to sort out the things you got back in Christmas. From here you can start deciding on how can you make money out of it. Below are some strategies I believed will help you in making money from the free things you got.


Strategy 1: Selling items you already have

Maybe you got the same gift from your relatives and unfortunately keeping them both is not economical. Thus you must decide the things you get to keep and the things you can sell or could as well rent out. You may have received 2 or more rice cookers, same DVD, or whatever collectibles or appliance which you only need one. Instead of keeping it in the drawer and let dust accumulate on it, you can sell it and have cash instantly.


Strategy 2: Sell items you really don’t need or have no use of

If ever you got a shirt or dress several size smaller or larger than your size it might be best if you either give it to someone who fits in it or if you got a lot of dress you might sell it in a garage sale. Also with the power of social media, you can post it and sell it online. Again keeping clothes that won’t fit you will put these clothes to waste so better make money out of it and you might be doing a favor to those who really want that dress.


Strategy 3: Sell that collectible item

You might have received some collectible item as a gift or maybe you and your co-workers collected stickers from some coffee shops for that planner or item only to find out it is a sought after item. That is a chance for you to earn some. On this part you got to choose whether to keep it for yourself for your collection or you want liquid cash to add to your finances. This is entirely up to you.


Strategy 4: Invest all the cash you received instead of spending

You might have those generous ninongs or ninangs that gave cash as your gift. Together with the proceeds from the items you might sell, you now have a sizeable amount which you can invest in the various investment vehicle around. You can open a stock brokerage account as low as Php 2,500.00 or open a mutual fund account as low as Php 5,000.00.


Strategy 5: Convert those prizes and credits you got from your company Christmas parties

You might have been lucky and won the Christmas party grand prize for an all expense paid trip to Boracay or Hong Kong. You might as well been given a special recognition with an award and on top, a gift check or e-credit. You can choose to spend these for yourself or maybe sell it to get cash. You can even increase the amount for such by bidding it out to your co-workers, highest bidder wins.


Strategy 6: Sell online some great photos or videos of the events during Christmas

You might have captured a beautiful table arrangement, a great fireworks display video, a breathtaking scenery in your province or cultural event. These stuffs are at times highly sought after by graphic designers and corporate advertisers thus it is at least possible to make money out of it by posting it to stock photography sites.

These are a few strategies you can do in cashing from those extra things you got last Christmas. Remember that any excess is not good specially if you have no use for it. Instead of collecting dust in the corner why not make money out of it. Sentimental values will always be there but these are only to a select items. So dig into your tons of gifts last Christmas and sort them out.

About the blogger

Louis Delos Angeles is a Certified Public Accountant, blogger behind Investing in Philippines, and author of Investing in Stocks: Preparing for the future small amount at a time. Check him out in Google+ Learn more about Louis and his financial freedom advocacy here.

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