If you pick up a $10 bill from the street, you might think you just got a free meal. Now, imagine instead of $10, you find $1000, and you receive it every month. That could be your whole food budget and then some! Having that much extra money every month could change your life. And it’s 100% possible, but only if you’re willing to put in the work. Here’s how to make $1000 in a month.
How to make $1000 a month in the fastest way possible
If you need money fast, here are ten methods you can try. These are mainly active methods of increasing your income, so you’ll need the time and energy to do them. However, many of these can also be scaled up if you want to start a business.
Ask for a raise
Asking your employer for a raise is a great way to get even more money, especially if you feel you’ve earned it. While you may not get a $1,000 raise right out of the gate, any kind of raise helps! To further increase your income, combine this with other methods and hit the $1,000 mark.
Job hop
If you’ve been working a job for a while, you might wonder if there are greener pastures elsewhere. Job hopping is a great way to leverage your skills and experience to earn even more money. You’d be surprised by how much more you can earn after 2-3 years of working the same job.
Become a virtual assistant
Virtual assistants are highly in-demand and require little to no prior experience besides being tech-savvy. As a virtual assistant, you’d be doing a wide variety of general virtual tasks such as email management and scheduling.
The best part about being a virtual assistant is that you can work entirely remotely. This makes it a great supplementary source of income in addition to having a day job.
Flip your money
What if you could use your money to earn even more of it? Flipping is buying something for a low price and selling it for a profit. While flipping can take time, it can be fairly lucrative, depending on what you’re flipping. For example, you could easily make $1,000 by flipping luxury watches and real estate.
Become a tutor
If you’re exceptionally skilled at something and have the time to teach people, you might want to become a tutor. There are always going to be people in need of a mentor.
This goes for both children and adults alike. While there will always be kids who need to pass math classes, some adults want to learn new skills. For example, some people may want to learn how to play an instrument, like the guitar or piano.
Try freelancing
If you have a skill that people need, freelancing could be a great way to pad your bank account. “Freelancing” means working for a client but not under a company. This can be a lucrative venture because you decide your own rates, which projects you work on, and how much you’re worth. If you have skills like programming, project management, administrative assistance or other specialized knowledge, you could easily earn an extra $1,000 a month.
Become a consultant or coach
If you’re an expert in a popular field, like marketing or business, you can offer your services as a consultant or coach. As a consultant, you’ll be giving advice and tips to your clients who value your expertise and knowledge. If you’r
Clean homes and commercial spaces
If you’re good at cleaning and enjoy doing it quickly, you may want to consider starting a cleaning service. Many people have little time to clean their homes due to many demands on their schedules. By charging $100-$200 per house, you could easily earn $1000 in a month.
Houses aren’t the only places that need cleaning, but offices and commercial spaces, too. Because these spaces have dozens, or even hundreds, of people walking around them every day, they need to be cleaned often. And someone’s going to have to come in and clean it all up–for a fair price, of course.
Start delivering food
With services like DoorDash, getting into food delivery has never been easier as a side hustle. While simple, food delivery can be surprisingly lucrative, thanks to tips. You could easily earn hundreds of dollars on a busy weekend like Super Bowl Sunday.
Offer yard work services
Yard work is hard work, and not many people are willing to do it themselves. Thankfully, you can come to the rescue and get paid for your efforts. This isn’t just limited to mowing lawns, too. People will always need general yard work services, like raking leaves, cleaning gutters, and shoveling snow during the winter.
How to make $1000 a month passively
Not everyone has the time or energy to start a side hustle–and that’s okay; there are other ways to earn money. Here are five ways you can start passively earning income. These may take some work at first, but once done, these methods can earn you money while you sleep!
Dividend stocks
Dividend stocks are stocks that pay out cash (called dividends) every few months just by owning them. You don’t have to do any work besides buying and holding them, so they’re an almost entirely passive source of income. If you own enough dividend stocks, you could earn $1,000 or more every month.
But you don’t want your entire investment portfolio in dividend stocks. You’ll want to diversify your investments by spreading your money across different ones. For example, you can put money in your Roth IRA or other retirement accounts.
Make music and earn royalties
There’s a way to make money through music besides playing at gigs and busking on the streets. You could earn money per stream by making stock music, like the ones in ads and YouTube videos. If you’ve got the talent, this is a great way to leverage and make money from your music.
Sell a course
If you’re an expert in a high-demand skill, like programming, you might create and sell a course sharing your talents. By doing so, you’d be making money and helping to give people the gift of education.
Write an ebook
Ebooks are a convenient way for people to read about a new topic or subject. This also makes them a great way for authors to earn money. If you’re good at writing, publishing an ebook can be akin to printing money.
Become a YouTube content creator
Millions of people make money from YouTube and other content sites yearly. Not only are people paid per stream, but some creators can even get sponsorships for additional income.
But if you’re just looking for a way to make passive income, YouTube is a great way to do it. If you know how to make videos that get clicks, those views will start turning into dollars very quickly. Some videos are still making their creators money, despite being several years old!
Freeing up $1000 a month
You may not need to know how to make $1000 a month. Instead, you might just need to stop spending that much money. Here’s how to earn (or rather, save) $1000 in a month.
Eat out less
The average American spends about $3,000 a year on eating out. That’s about $250 a month! That’s not even counting the tips you give for good service. If you want to save money on food, consider cooking most of your meals at home.
Pay off outstanding debt
Paying off debt as soon as possible is one of your best bets to free up some money. That’s because the longer you stay in debt, the more money you’ll owe over time due to interest. Once your debt is off the books, you’ll have much more money for bills, leisure, and savings.
Limit subscriptions
Between all the streaming services and other subscriptions like Ipsy, Amazon Prime, and Coursera you may be spreading yourself thin! Try to limit the number of streaming services you have by alternating them every few months. Consider sticking to free versions of certain subscriptions as well.
Skip the gym membership for calisthenics
Gym memberships can cost a lot of money and are notoriously hard to cancel. If you want to get fit while saving money, try bodyweight training or calisthenics. Doing so could spare yourself the monthly gym fee while still getting fit.
Find free ways to have fun
It’s definitely possible to have fun without spending. For example, you could head to the library to read some books for free. You could also go for a walk in the park or explore your city. Thinking that you need money to have fun is a pitfall that will lead you to spend money unnecessarily.
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