It is so frustrating when you work hard at a full time job and it still isn't enough to cover the bills. Here are some ways you can make some more money on the side. (But dang it, all jobs should have living wages, this should never be an issue... excuse my rant.)
In today’s economy, more people are taking side jobs to supplement their full-time income. Recent statistics show that 34% of the U.S. workforce is involved in gig jobs, indicating the growing trend toward diversifying income sources. Side hustlers who dedicate around 12 hours per week to their side businesses earn a median of $1,122 monthly, demonstrating the substantial financial benefits these additional jobs can provide.
For about one-third of these workers, the need to supplement their primary income drives them to seek alternative allowances.
The increasing adoption of side hustles is not just about financial necessity; it's also about leveraging personal skills and interests to create additional revenue streams. Whether freelancing, selling handmade goods, or offering professional services, there are numerous ways to earn extra money while maintaining a full-time job.
Freelance Writing
Freelance writing is an accessible and flexible option for those with a knack for words. You can write articles, blog posts, technical documents, or marketing content for various clients. Many websites, such as Upwork and Fiverr, connect freelancers with clients looking for writing services.
Freelance writing allows you to work independently and choose projects that interest you. It can start as a small gig and grow into a substantial income source.
A freelance writer can earn between $20 to $100 per article, depending on their expertise and the complexity of the topic. Building a portfolio and establishing a reputation for quality work is crucial for success in this field.
Playing Casino Games
Playing casino games for money is a high-risk way to earn extra income, but it can be rewarding for those who understand the games well and can manage their bankroll effectively. While casino games involve risk, responsible online casinos and sportsbooks provide safe gambling guidelines. Online casinos offer various games like poker, blackjack, and slots. Online platforms provide opportunities to play poker for real money. Moreover, players can check the best social casinos in states where it is illegal to play at real money casinos, as they are legal in almost every state.
To increase your chances of success, it's essential to understand the rules, develop strategies, and practice responsible gambling. The method requires a disciplined approach to avoid significant losses. Only risk what you can afford to lose, and consider this more as entertainment with the profit potential rather than a guaranteed income source.
Online Tutoring
With the growing demand for online education, tutoring can be a profitable side hustle. Platforms like VIPKid, Chegg Tutors, and Wyzant connect tutors with students worldwide. You can teach subjects you are proficient in, from academic subjects like math and science to languages and test preparation.
Tutoring allows you to set your schedule and rates. Depending on your expertise and the subject's demand, you can earn between $15 to $60 per hour.
The flexibility makes it easy to fit tutoring sessions around your full-time job. Moreover, teaching can be fulfilling as you help students achieve their academic goals.
Real Estate Investing
Investing in real estate can provide a steady stream of passive income. It involves purchasing properties to rent out or flipping houses for profit. While it requires a significant upfront investment and understanding of the market, the returns can be substantial.
There are various ways to invest in real estate, including rental properties, Real Estate Investment Trusts (REITs), and real estate crowdfunding platforms. Rental properties can generate monthly income while their value appreciates over time. REITs and crowdfunding platforms allow you to invest in real estate without the hassle of property management, offering dividends and potential capital gains.
Real estate investment can be a long-term strategy for building wealth. Thorough research, understanding market trends, and seeking advice from financial advisors or experienced investors are crucial.
Writing Books or E-Books
Writing a book or an e-book on a subject you’re knowledgeable about can be a significant source of passive income. Whether it’s a comprehensive guide in your field, a how-to book, or a collection of insights and tips, self-publishing platforms like Amazon Kindle Direct Publishing (KDP) make publishing and selling your work more accessible than ever.
Selling Digital Products
Creating and selling digital products is an excellent way to earn passive income. These products can include eBooks, online courses, printables, and software. Platforms like Etsy, Gumroad, and Teachable provide avenues to sell these digital goods.
The initial effort involves creating high-quality content, but once it's up, it can generate income with minimal ongoing effort. An online course can be sold multiple times without additional work. Effective marketing through social media and email campaigns can significantly boost sales.
Final Thoughts
Several options stand out for professionals with fewer hours to spare weekly. Freelance work, such as writing or graphic design, can be done flexibly and often commands good pay.
Additionally, tasks like participating in paid surveys, providing pet services, or working as a virtual assistant offer straightforward ways to earn extra money without a heavy time investment. These roles can be tailored to fit into small time slots throughout the week.