A bad credit mortgage is less than ideal, but at least you’ll own a home. Even though lenders consider you high-risk, it doesn’t mean you won’t be able to pay off your mortgage early if you’re smart.
“Experts” will happily share boring tips that will help you save more. In reality, it’s better to pay off your mortgage with income from a second job. Here are a few small business ideas that will help you succeed.
1. Flipping Small Websites
Would you spend money to know how to pay off mortgage faster? You’ll find membership websites that teach people everything about real estate. And websites that sell dog treats, offer writing services, and earn money from paid ads.
If you buy websites at a discount, you’ll be able to flip them within a year. You’ll earn lots if you can increase the traffic and profits first. It’s possible to start with a few hundred dollars if you’re interested.
2. Posting Videos On YouTube
You don’t need to have a website to teach people about your favorite hobby. If you have a decent smartphone, you’ll be able to start posting videos straight away. It won’t even feel like a second job if you enjoy it.
Once you start gaining a respectable following, you’ll be able to put ads on your videos. It’s easy to make a small fortune from YouTube if people like your videos. Maybe you’ll earn enough to quit your main job within a few years.
3. Selling Homemade Jewelry
People used to sell homemade jewelry as a hobby in the past, but it’s a little different these days. Websites like Etsy let you reach millions of people, so anyone with skill can earn enough to pay off their mortgage in no time.
Even if you don’t become an extremely successful seller, you’ll make enough to pay your bad credit mortgage loan. If you don’t know how to create jewelry from scratch, it doesn’t take long to learn the basics.
4. Print On Demand Business
Are you good at coming up with fun slogans? Do you enjoy creating memes to post on social media? You’ll probably enjoy turning those designs into t-shirts, which you can sell to people who watch your videos and read your posts.
You can throw your designs on hoodies, caps, mugs, and other available items. If someone likes you, they’ll likely support your little venture. You just need to find a way to build an audience on your favorite platform.
5. Become A Virtual Assistant
If you want to trade time for money, it’s easy to find work as a virtual assistant. Someone who runs an online business will want you to work on specific tasks. Do you work for a software company during the day?
You could do some coding on the side at night to pay off your mortgage early. I’m sure you’ll know how to write articles or edit videos. If you need to learn a new skill to get started, you should begin working on it right now.
A Little Goes A Long Way
Don’t feel like you need to become the next Steve Jobs if you start a hustle on the side. If you have a bad credit mortgage, I’m sure a little will go a long way.