Extra Money While On Short-Term Disability – How To
When you're temporarily disabled, you may undergo mental and physical anguish because you're not used to all the idleness. You are expected to just sit around and count the days until you're considered fully recovered and ready to return to work. It's not just the idleness that may bother you. During short-term disability, you will not get your full pay. You will most likely receive two-thirds to three-quarters of your income, depending on your state of residence and other factors. This means that you'll not be able to enjoy the quality of life you're used to. The good news is that you can get rid of the boredom and make some extra cash, thereby killing two birds with one stone. By learning how to make extra money while on short-term disability, you can generate some extra cash and make good use of your time.
What is Short-Term Disability Insurance?
This is an insurance policy that provides policyholders with disability benefits when they fall ill and are unable to work for a while. If you are unable to work due to an illness or nonwork-related injury, you will receive two-thirds to three-quarters of your average weekly pay from the insurance company. In case of work-related injuries and illnesses, it's the workers' compensation insurance that will pay these benefits.
Ways to Make Money While on Temporary Disability
There are many ways to make money, but they are not all suitable for you. It's good you assess all your options and weigh all the pros and cons of different options before you decide to make a decision. It's also important to note that there are some jobs you can't do. If you are an accountant on disability benefits, you cannot take up freelance accounting jobs on the side as you collect disability benefits. According to the law, you can only take up jobs with duties that are significantly different from your job. Otherwise, you might as well go back to work. Below are the top options for making money while on short-term disability:
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i) Article Writing
There is a huge demand for quality articles online. If you can write informative, easy-to-read, plagiarism-free, original articles, you may be able to make some money on the side while on short-term disability. All you need to do is identify a suitable content-mill website, open an account and start writing. Just search for make money writing articles online and analyze the results you get.
ii) Start Blogging
Blogging can be incredibly profitable if you have some time on your hands to create quality blogs and post on your website. If you get enough traffic, you might start generating some passive income from your blog. This is a great way of not only making money but also spending your time constructively. Blogging requires little startup capital and the returns are long-term.
iii) Start Trading Online
If you are interested in stocks, options, futures, forex, commodities, cryptocurrencies, or other forms of assets, you can use the little capital you have to trade the market and make some money as you recover from your injuries or illnesses. Just make sure you perfect your trading strategy before you commit your hard-earned cash.
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