The previous piece in this series focused on assisting you to save money to train muay thai in Thailand; this installment will help you make money to fund your muay thai training. Take from the list what you will and adapt anything to suit your needs. Create something new and let us know about it. Here we go…
Ways To Make Money To Train Muay Thai In Thailand
1. Sell What You Neither Need Nor Care About
I began with what I wanted and needed the least and continued. Check out the piece I wrote on how to declutter and sell your things to learn about the process.
2. Sublet/Rent Out Your Home
Find someone to rent your home while you’re in Thailand. This works for essentially any duration of time, dependent on the dynamics of where you live. Some of you live in higher demand areas than others. This worked well for me while I was living in downtown Toronto, Canada.
On my first trip to Thailand in 2007, I subletted my apartment to a friend of a friend moving in from Vancouver. In 2008 I purchased a condo, rented it with the help of a property manager from early 2009 to late 2010, then decided to sell it. The first tenant was found online and the second was a friend. Both moved to Toronto from other locations. For those of you planning short-term trips to Thailand; tourists, students, lecturers, those in the midst of a separation and/or divorce, and contract workers are all possible short-term tenants.
Put the word out via family, friends and your social media platforms; Facebook has groups specific to people looking for short-term rentals. Place an ad on Craigslist, in your local paper or online. I suggest researching the specifics of subletting and renting in your specific location. Here are some guidelines for subletting your apartment and renting out your house.
3. Find A Roommate
Consider renting an extra bedroom to fund your Muay Thai training. Remember, the rental arrangement doesn’t have to be a long one, it’s up to you. Often people assume that renting a room in their home will be a long-term and/or possible indefinite arrangement when it doesn’t have to be. Depending on where you live and what your situation is, you may be able to find a short-term renter.
For example, I’m nomadic. My preference of nomadic living is spending time in a new location as opposed to constant travel. I like having a base which could last a few months to a year or even longer (from which I could make subsequent trips). The possibility of renting a room for a predetermined amount of time without being locked into a (Canadian standard) one year lease is an ideal situation for me. This is particularly true if I were to rent from a friend. It’s a low commitment deal that benefits all parties involved.
Do you know anyone who may be interested in a short-term rental? Put the word out and do your research. You want the arrangement to be stress free. Another option is to list your space on Airbnb. Airbnb matches individuals renting out rooms in their homes with travelers looking for alternative accommodations to a hotel.
4. Rent Out Whatever Works
Have room in your garage? A barn? Land? Is there anything you can rent out that will be a source of income which doesn’t require you to do anything other than collect a cheque? Research the necessary insurance and contracts for your particular geographical area if you take this course of action.
5. Become Employed. Again.
Can you secure additional work that requires minimal hours and pays relatively well? I started DJing once a month at a local bar and worked security at a club once a week, in addition to my full-time gig. Please note, taking on additional employment benefits you financially if you don’t burn out and buy things and pay for services you wouldn’t need if you weren’t overworked.
Do you have any skill(s) and/or services that you can market on a per project basis? For example, do you have a vehicle to help people move whatever it is they want to move but don’t want to hire a moving company for (i.e. furniture, building materials after a renovation, etc.)? You can market yourself by placing a Guy/Chick/However You Define Yourself With A Truck type ad on Craigslist.
There are loads of freelance sites online for various skill sets not limited to: administration, bookkeeping, graphic design, coding, website development, data entry, writing, blogging, etc. Some notable sites to check out are PROBLOGGER, Upwork, Guru, 99 Designs and Behance. For those of you planning to be in Thailand indefinitely, digital freelancing may work well for you. You can secure projects on a per need basis.
Figure out what works for you. Determine what will get you to where you want to be. If you can add to the list in the comments section, please do.
To your success…
I did a big “de-clutter” earlier this year and sold everything that I no longer needed. You really have to look at things objectively – do you really need that shirt you bought 2 years ago that is sitting in the closet that you never wear? Doing this made me realize just how little I actually needed and I made quite a bit of money selling off everything else