What she does: An independent contractor and licensed insurance agent, Bailey-Clarke works with her client’s existing customers — providing proof of insurance on their behalf and renewing their existing contracts. She welcomes the solitude after the seven years she spent working as a branch manager. “I can’t tell you how much I appreciate the quiet,” she says. “I usually have some classical jazz music playing quietly. It is a very restful, peaceful day for me.”
Depending on your skill set, you could easily make a few hundred dollars or even a few extra thousand per month. And if you have some money to invest, you could easily launch into a variety of day trading activities. Those present some risks of your original capital. But if you know what you're doing and you work to hedge your bets by placing stops and limits, you could create sizable upside with lower-than-usual risks.