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Ideas for Using Math to Make Money

Ideas for Using Math to Make Money

Many people hate Math because of the complicated formulas you need to learn and the problems you need to solve. But there are also lots of people who love Math and are good at it. Math and Science are two challenging subjects for a lot of students. That’s why those who excel in them are very lucky. Why? It’s because when you’re good at Math and Science, there are many opportunities for you to earn money, like landing high-paying jobs. 

If you are good in Math, and you’re looking into earning some extra money aside from your regular job, there are lots of things you can do to put your skills in good use. To help you out, here are some of the best ideas we can give for using Math to make money. 

Gain Success on Stock Trading by Using Math

a Math book with a calculator on it

If you are good at Math, chances are, you can also do good in stock trading. It’s because it is just a matter of recognizing risks and probabilities. It’s true that there’s no mathematical system that can predict the actual future no matter how advanced it is. But if you know how to do sophisticated mathematics, then you can calculate the probability of events. 

One example of this is by using Gaussian Laws and Power Laws. In Gaussian math, random fluctuations of uncorrelated entities are calculated. It is ideal for playing the surging stock market. However, it cannot foresee sudden crashes. Power Law, on the other hand, is calculating how changes in the value of one quantity affect another quantity. It is just like how the value of a company affects stock prices in its industry. It can help you calculate standard deviations, which can aid traders in comprehending potential risks better. This will allow you to buy or sell accordingly.

If you are familiar with these mathematical processes, then you can try conquering the stock market. 

chart about stock trading

Play Casino Online

Another way to use your Math skills to make money is by playing roulette and slots in online casino sites like Empire777.  It’s because when you’re good at Math, you will be able to determine whether you have a higher chance of winning or not.

dice and credit card on a keyboard

You can also use Math to prolong your gameplay. What you need to do is to try and identify plays that have a lower casino edge. By doing this, you can lose less cash in the long run. One of the good factors that you can start with is your average loss per hour. This will provide you an indication of your expected cost of 60 minutes or 30 minutes. In slots, you just need to remember that the lower your coin denomination, the lower the percentage payback. 

The next time you play casino online, use your Math skills, and be a calculated gambler. Set a proper bankroll aside and do the math before you play. 

Be a Math and Science Tutor

a person teaching math

Another way to earn if you are looking into making some extra money with your Math skills is by being a Math tutor. If you are good at Science, too, then you can be both a Math and Science tutor, especially if you have a bachelor’s degree. Tutoring STEM subjects are in high demand today, particularly in math and physical science, such as physics, chemistry, and earth science.

Today, you no longer have to go out of your house to find students or people you can teach. It’s because you can now become a tutor online. Teaching Math online comes with a lot of benefits, and one of them is that the number of students you can have is unlimited. This means that you can teach as many students as you can, to be able to earn a lot. 

Solve Math Problems and Earn

person solving Math problems

Did you know that you can also earn money by solving math problems? Yes, through the Math Cash app. You can use your Math skills to answer problems and win money by competing with other players. This is probably one of the most fun ways that you’ll get paid for your math skills. For example, you need to beat your opponents by answering 20 sets of mathematics expressions within 60 seconds. It is a great game for nerds that gives out real cash prizes. 

Create Online Courses

Did you know that you can also make money by selling your Math and Science knowledge? If you are wondering how then it’s by creating courses in your area of expertise. It can be about coding, accounting, bitcoin trading, and more. These courses will be marketed and sold through an online learning portal. You can create a syllabus around, which can be used in teaching online. 

After figuring out what course you want to create, then you can start planning on making it. It can include making a class syllabus, writing content, recording video lectures, and as well as coming up with assignments and assessments. To do this successfully, you can first study other successful and popular online courses in your category. The pay that you can get by doing this depends on different online learning platforms and on their business models. Most of the time, you will get a percentage of the sales combined with royalties, which are calculated by minutes of your videos watched. 

Become a Part-Time Accountant

tax calculation

Accounting isn’t usually viewed as a side hustle, but if you are an experienced accountant who has several years under the belt, then you can probably land a part-time job and help businesses with their monthly reporting, taxes, audits, and other functions done by accountants. It is also your job to prepare and examine financial records and make sure that taxes are paid by the book and on time. Well, this one requires schooling. So, if you graduated with a bachelor’s degree in accounting, then you can surely become a part-time accountant if you are looking into earning more. 

These are some of the best ideas we can give for using math to make money. It is indeed great to have exceptional skills in Math and Science because it will really pay off in the future when you need a job, whether regular or part-time, that will pay you well. We hope the ideas we shared will help you in using Math to earn money.

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