How to Make an Extra $1,000 a Month
Are you interested in becoming financially independent? In order to pay off any debt and have the ability to save, you need to increase your income. Did you know the majority of the richest individuals in the world have at least 3 sources of income? It is very difficult to create a life of financial freedom when your only source of income is reported on your W-2. Do you want to know how to make an extra $1,000 a month?
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1) Rent Out Your Spare Space
Do you have an extra room you could rent out? If so, you could sign up for Airbnb and make money some extra cash by renting it out. Airbnb provides you with the flexibility to rent out any spare room you have, on your own schedule. So even if you are uncomfortable with a stranger staying in your guest room while you are home, you can rent out your home while you are taking a vacation or work trip. The rental income you receive can go straight towards your mortgage. Wouldn’t you like a lower mortgage payment?
2) Start a Blog
Blogging presents one of the most diverse ways you can make money online. You can monetize your blog by earning commissions through affiliate marketing, creating a course, charging for a subscription for your blog, or allowing advertisements on your blog.
Don’t know how to get started? We have created a step-by-step guide to get you started “Make Money Online by Starting a WordPress Blog”.
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3) Drive for Uber
Uber drivers have reported making an average of $12/hr after all of their expenses. If you don’t mind driving, becoming an Uber driver can be a very profitable side hustle. Uber’s platform is incredibly easy-to-use.
When you drive during the busiest times of the day/night, Uber implies a surcharge rate which is dependent on the current demand. If your a night owl, you can expect surcharge rates of 2.5x normal rates after bars close. Do you know what the best part of surcharge rates are? Even though you are being paid more to drive during these times, your expenses don’t change! You would still be paying the same for your car expenses, you will just see an increase in your hourly pay. Driving during surcharge hours, present yourself an opportunity to make $25-30 an hour.
Do you have substantial knowledge about a certain subject? Maybe you’re very good at math or you are a history buff. No matter what your expertise is, someone in your area is struggling in that subject. Start posting ads and searching the web for an help needed ads. Now you can even use social media to reach out to potential clients. Some tutors charge up to $50 an hour for their services. You have the flexibility to set your availability and what topic you can tutor.
5) Sell Your Junk
We all have extra stuff laying around our house that we do not use nor need. Take time to go around your house and determine what you don’t need. Once you find items to sell, take some pictures with your phone or camera. You can signup or login to eBay, Facebook, or even create a Craigslist add and list your items for sale. Do you know what the best part is? You can create these listings straight from your phone!
You can find contract jobs to take on every now and then. Freelancing is very flexible and you have the ability to make it work for you. A lot of people are turning to freelance writing. You can make over $1,000 a month, just writing articles for blogs or other websites. Visit Upwork.com to search for available freelancing jobs.