How to Make Money Fast Illegally in South Africa

Overview

If you want to learn how to Make Money Fast Illegally in South Africa, you must first realize, there are so many ways to make money, you may as well do it legally. The only reason why you should try to make money illegally is if, you want to be a criminal. Otherwise, you can just do it the legal way without risking your life.

Not only will we be covering how to get money legally in South Africa but we will also be going over how to become rich there. In the beginning, the first thing you need to know is how to get rich. Your goal can be to get rich and your first step towards that goal will be to get some money coming in.

Low-Cost Housing Plan South Africa

Firstly, this tip is not how to make money fast in South Africa, this is how to SAVE money fast by cutting your housing costs. If possible, try to live with friends or family to cut the costs of living. If you are on your own, that means you will have to pay your housing expenses all by your self. The easiest money to make is the money you can save by living somewhere that the costs can be split.

If you must live by yourself, try not to live somewhere lavish but safe. We need to ensure you can pocket as much money as possible early on. This will ensure you can live freely in the future. Any money you can save here will help a lot starting out.

Steady Income from any Source

After you have found the most affordable living or have a plan to achieve it, you need a source of income. If you already have a job, that is great. You can skip to the investing section. If you do not have a job, it would be a good place to start focusing. However, if you have failed to find a job, we will cover some ways you can make money online. We need you to have a source of income that can cover your housing expenses, food, and bills, ideally, you would like to have some money left over to invest.

For those with No Job

If you do not have a job, do not worry, you can always do some sort of work to make money. At CloudofWisdom.com, we like to point out ways to make money online since most people know how to get a job. Below, we will cover a number of ways to get paid using the internet and your mobile device.

How to Make Money Online in South Africa for Free with Mobile

If you are having trouble finding a job in South Africa, you can use the internet to make money no matter where you are. You can use these jobs as part-time work to bring in some extra money or as a full-time occupation. Click here to see a list of ways to make money using your mobile device.

Now that You Have Spare Time or Money to Invest

Once you have extra cash, it’s time to either invest in something or create your own asset. As of right now, you are likely trading your time for money. To get rich, we need to allow our assets or money, to make you money. Let’s go over some ways to do this.

Books that make you wealthy in South Africa

If you only have a very small amount of money to start investing with, the best place you can invest your money or time is in your self.  Hopefully, you have gained value from what you have read so far, this blog would be a great example value from reading. However, there are tons of books available that teach about making money and will make you become rich sooner because you will have more knowledge. You have not been on a path to make a lot of money or become rich only, because you did not know-how. Invest in the right books or knowledge, then you will be on a path to wealth.

Here are some books I recommend.

 

• The 4-Hour Workweek
• Rich Dad Poor Dad
• Making Money on Blogging

How to Courses that Teach You a Skill

Just like reading books, there are video courses that can teach you a skill that can revert to wealth. For example, here you can see a course that teaches you how to make money selling other people’s products, also known as affiliate marketing. Courses like these teach you skills faster than learning on your own. Just like when you buy a book, you make a small investment in yourself then apply what you learned to make a profit on your investment.

Assets that can make you money in South Africa

After you have read books and taken courses on building wealth, you may soon realize, wealth revolves around your assets. Even if you did not make a ton of money every month, if your assets can cover your monthly expenses, you will have time freedom. Let’s look at some more asset examples to acquire while in South Africa.

Earn Extra Money Typing in South Africa

Do you have a skill you can teach? Now that you have read or learned about books to read, do not forget, you can become an author yourself. It is free to write and although this method of earning income will not pay the fastest, it could be a great asset source of income in the future. Click here to learn how to sell e-books.

Make Your Own Course to Generate Revenue

Now that you know how to learn a skill from a course, you can now see how creating your own course can generate revenue and become an asset.  You can create your own video course on any topic that you choose and sell it to anyone who may be looking for information. The common disbelief here is that you need to be an expert. You do not need to be an expert but you need to be able to provide value for someone who needs it. Click here to see one way to get started making your own courses. 

Owning Real Estate In South Africa

Owning real estate as an investment is one of the foundational wealth builders in any economic region. This is because people will always need a place to live in. In other words, there is always demand so all you need is the supply. A piece of property. Let’s look at how you can money fast with real estate in South Africa.

Renting Out Space in Your Home

If you own or control property, have you thought about renting out a bedroom or extra space? This can be a simple way to start generating some extra money if, you do not mind living with family or friends. Moreover, you can also do this for complete strangers but be sure you vet them thoroughly.

Getting a Multifamily Home in South Africa

One of the best things you can do when starting out with little to no wealth is to make a goal to attain a multifamily home. If you own or control a multifamily home, you can rent out a unit and live in the other. This is better than renting out your house because you get to have more privacy and separate addresses. Try using Gumtree.co.za to find multifamily homes in KwaZulu-Natal or Western Cape South Africa.

Owning a Business in South Africa

If you have a passion or skill related to a business that can be run in South Africa, this could also work well as an investment. However, ensure you start the business, get it on the right track, and get yourself replaced. Otherwise, it will be no different than working a job due to the time it will require you to run the business.

Investing in South Africa

If you find out you are not the type to be hands on to do the work and start businesses, you can lend money to others. For example, you could give family money to start a restaurant business. Take percentage ownership of their business for giving them the startup costs. Just be sure to get this done in writing and seek legal advice to get help. Although this is family, you want the paperwork done with the most accuracy.

Share Trading Platform in South Africa

Have you ever heard of or thought about trading stocks in South Africa? By trading stocks, you can use your cash and a strategy to attempt earning a profitable return on investment. However, something like this can be a short term or long term strategy for gaining income or building wealth. For example, here is a trading strategy for short term gains in the stock market.

Asset Goals

Using these methods, you can acquire as many assets as you like. The more assets you gain and control, the more money you make. You can be in a comfortable position if you acquire enough assets to cover your daily and monthly expenses but, try starting small. Make a simple goal to earn your first 1$ from an asset. If you can earn 1$, you can earn $100,000.00 over time.

Making Money Fast Legally in South Africa

Now that you have seen these instructions, all you have to do now is take action on theses steps and begin your journey on becoming wealthy in South Africa. Nobody can stop you if you just put in the work. And to think, you were going to do something illegal.