How to earn a lot of money with little risk

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Generating a great amount of cash quickly, with few or no strings attached, may be the Holy Grail for many of us – but of course, it’s also impossible. Or is it?

You see, there are actually quite a few ways to top up your bank account each month – to the tune of potentially thousands of pounds – with relatively meagre risk. Plus, as the below examples show, you may not even need to work hard for that cash.

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Place matched bets

If you want to make a lot of money with pretty much no risk at all, it’s difficult to beat matched betting – not least as it isn’t even necessarily that hard to do.

You can read more about matched betting on the Free Super Tips site, but it basically entails betting both for and against a particular event outcome to eliminate the risk associated with the usual form of betting. By taking advantage of online bookies’ free bet offers to continue matching bets in this manner, you could soon be making several hundred or even thousands of pounds monthly.

Take a lodger

The buy-to-let market has long been a profitable one, but you don’t need to own a castle to rent out space to someone for cash. Indeed, you could let space in the home you’re sitting in right now. Oh, and the even better news for our UK readers is that since 6th April 2016, the amount of tax-free income that you can enjoy from letting a spare room under the Government’s Rent a Room scheme jumped from £4,250 to £7,500 a year.

Become an extra

There’s pretty good money to be earned from life as an extra – between £60 and £80 a day on average. That’s not bad, given that you’ll be doing little more than pretend to chat to someone in a pub in the background shots of your favourite soap (or something like that). Sign up with an extras agency like Uni-versalEXTRAS to discover the latest opportunities.

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Babysit

Babysitting really is easy money in most cases – you usually won’t need to do much other than watch TV (and make sure the baby’s OK, of course). You could earn more than £8 an hour as a babysitter even with no child care training, but bear in mind that a Criminal Records Bureau (CRB) check will be required to look after small children.

Life model

If you’re prepared to take your clothes off and have artists and tutors observe your every wrinkle, posing as an artists’ model could be a lucrative activity – the recommended rate for life modelling set by the RAM register of artists’ models is £15 an hour. Just bear in mind that you will need to stay still in potentially quite awkward poses for what may be very long periods, so a good general level of fitness will probably be helpful.

Of course, these are just a few of a wide range of possibilities for pocketing a bit more cash, whether as a full-time job or ‘on the side’. For even more suggestions, check out the matched betting portal Profit Accumulator’s blog post on 25 legit ways to make money online.

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