Are you living paycheck to paycheck?
I’m willing to bet having an extra $1000
a month would help out with that.
Outcome: By the end of this video you’ll
know five proven ways to make an extra $1000
a month.
What’s up and welcome to Smart Money!
In today’s video, I’m going to tell you
five tried and true ways to put an extra $1000
a month in your pocket!
Ask for sub and engagement: Would having an
extra $1000 a month make you dance for joy?
If so, write “Joyful” in the comments
below.
Let’s jump right into it!
Have you ever had too much month at the end
of your money?
I know I have.
The paycheck to paycheck lifestyle is rough
and stressful.
You may even experience this as your financial
wisdom is growing.
If you’ve watched my previous videos (read
my previous articles) you’ve heard me talk
about the importance of building an emergency
fund.
The idea behind the beginner emergency fund
is simple: put $1000 into a high interest
savings account and leave it there in case
of a rainy day.
But what if you simply can’t come up with
any part of that $1000?
I know the economic situation for many people
right now is difficult.
Many of us are making due with what we have
and just scraping by.
Some of you may be watching this and thinking
“Here’s this tone deaf guy telling me
to magically come up with $1000 to put in
the bank.
Where does he think I’m going to find an
extra $1000?
Well fortunately, I have a few suggestions
on that.
I know five proven ways that you can make
an extra $1000 a month, and I’m going to
share them with you.
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A Word of Caution
While the methods I’m about to share with
you are proven, they aren’t guaranteed.
Remember, nothing works unless you do.
You may need to pair side hustles together
to make it over the $1000 a month threshold.
Earning an extra $1000 a month can take on
a few different forms in the real world.
It could mean that you engage in any one of
the following models
* Wage times hours per week.
For example, you earn an hourly wage of $25
per hour at 10 hours per week
* Service fee per client: In a month you charge
5 clients $200 for a service
* Sell a product: You sell 8 items at $125
each in a month
Blogging
This is one I’ve done and am continuing
to do myself.
I started blogging in February and it still
feels kind of meta to talk about blogging
in my blog.
Blogging allows you to discuss any subject
that you’re passionate about with readers
who have that same passion.
It also allows you to teach any interested
parties a subject that you’re knowledgeable
on.
For example, as many of you know, I’m a
wrestling fan.
I’m in a social media group with about 5000
other fans, and all we do is talk about professional
wrestling all day long.
There’s a member of this group that I know
who isn’t just passionate about wrestling,
but he loves to write about it at length in
the group.
He’s what I like to call a “wrestling
historian”.
He’s very aware of pro wrestling’s past,
and can relate it to the present in writing.
I’d say he’s an ideal candidate to start
a wrestling blog!
MillenialMoney.com says that a blogger can
make as much as $2000 a month in his or her
first year blogging, and then substantially
more after that.
The article says that a full time experienced
blogger can earn as much as $200,000 a year
writing 10 - 30 hours a week.
Blogging is a great way to make $1000 a month!
I wrote an article stating this in April and
people balked at the idea.
That article alone earned me over $3000.
It can be done, but its up to you to prove
the naysayers wrong.
Consulting
I talk about personal finance often in my
everyday life, and this has inspired the people
closest to me to take action and step out
of their comfort zones.
My sister started a consulting agency this
month and has just been printing money left
and right.
Consulting has been called the holy grail
of side hustles.
Consultants leverage their experience in a
given area to help their clients solve problems.
In most cases, the goal of a consultant is
to help their client streamline a process,
or make it more profitable.
For example, my sister assists her clients
with parliamentary procedure.
Her consulting agency has three levels of
service; the lowest of which allows her to
charge $150 per client for a 3 hour session.
This means that in order for her to make $1000
a month, she simply needs to have 7 clients
purchase her lowest level of service.
She’s had 15 clients at varying levels of
service as of this writing.
Food Delivery
A great way to make an extra $1000 a month
is to deliver food.
All you need is a smartphone, a mode of transportation
and a “can do” attitude!
Due to the world event I’m calling The Big
Obvious (for YouTube reasons), people are
very apprehensive about going to public places
like grocery stores and restaurants if they
don’t have to.
Many people would much rather pay someone
a fee to deliver their food to their door
while they make more effective use of their
time.
That’s where you come in.
You could deliver people’s food directly
to their door and earn good money doing it.
Apps like Instacart allow you to earn money
picking up people’s groceries for them from
grocery stores in their area.
You find and photograph the items, send pics
of the item to the customer, pay for the groceries
using an Instacart branded MasterCard, and
deliver them.
If being someone’s personal shopper doesn’t
sound like a good fit for you, you can deliver
a customer’s fast food orders instead.
Apps like Doordash, Grubhub, and UberEats
allow you to pick up a customer’s prepaid
orders and deliver it to them without any
of the guesswork or payment handling involved
in Instacart.
You might wonder how much money can someone
really make delivering food?
My fiance tried driving for UberEats very
recently.
She was able to make $132 in her first weekend
doing this.
This was before she learned about surge pricing
or anything like that.
She was able to make $419 her first month
driving for UberEats.
She only worked a total of 6 days part time
after work and on weekends.
That averages out to $70/day driving for UberEats.
At that rate, you could make $1000 in two
weeks.
Graphic Design
Another proven way to make an extra $1000
a month is through having a graphic design
side hustle.
People often need personalized graphics, illustrations,
and logos made just for their business or
project, and they’re willing to pay handsomely
to get them.
Many people start their graphic design side
hustles on websites like Fiverr, Gigbucks,
or Upwork.
Graphic designers on these sites charge their
clients anywhere from $5 - $50 per illustration
or more depending on the complexity of the
work and the necessary speed of delivery.
I have used graphic designers at various points
since starting my own business.
I started my business journey selling T-shirts.
I hired a graphic designer I found on Instagram
to create custom anime themed characters for
me for $100 an image.
I’ve had logos created for organizations
I’ve been a part of for as much as $30 each.
I’ve had custom thumbnails created for me
for $5 each.
I’ve since learned to create decent thumbnails
for myself.
However I recently hired a graphic designer
on Fiverr to create the “Lil Keith” chibi
character I feature on my thumbnails.
I originally ordered 10 drawings of Lil Keith
with different facial expressions for $30
each.
I was so pleased with the work, I’ve come
back to the artist to order another set of
Lil Keith drawings.
Making an extra $1000 a month doing graphic
design work is a matter of simple mathematics.
If you're just getting started, you may want
to start off with creating logos.
You may need to charge $20 per logo for your
lowest tier of service at first to get your
first set of customers.
At that rate, you’d need 50 customers to
buy your logos at your base rate every month
to make $1000.
Websites like Fiverr allow you to have three
different tiers of service, each allowing
you to offer more service for a higher fee.
Yardwork
The last proven way to make $1000 a month
is by doing yardwork.
For many people, yardwork is synonymous with
mowing lawns.
That may be a part of it, but you may offer
other services as well.
You may consider cleaning gutters in the spring,
raking leaves in the fall, or shoveling snow
in the winter.
This combination of activities makes it possible
to earn extra income all year long.
It's easy to see how profitable yardwork can
be once you get started.
While the numbers will differ depending on
your location, Homeadvisor.com says that lawn
care services in the United States range between
$49 - $219 per project.
They go on to say that the average lawn care
project sells for around $132.
Of course, you may not make this much.
The high and low end earnings for yardwork
vary greatly.
Homeadvisor has the low end at $30 per project
and the high end at $525 per project.
The site goes on to say that many homeowners
are already paying $175 per acre to mow their
lawns.
You may prefer to charge an hourly rate rather
than a flat fee per acre.
Per hour prices range from $25 to $60 per
hour.
Some of you may think this is a great opportunity,
but you don't have access to a lawnmower.
It turns out that lawnmowers can be purchased
for between $80 - $500.
If owning a lawnmower is out of the question,
it's possible to rent one for up to $40 per
day.
With these numbers, it's simple to see how
someone could make an extra $1000 a month
doing yardwork.
You can charge the minimum hourly rate of
$25 and make $1000 by working 10 hours a week.
If you were to mow lawns for the national
average price of $132 per lawn, you would
only need to mow 2 lawns a week to clear $1000
a month.
Conclusion
At first, earning an extra $1000 a month may
seem out of reach for many people.
But any task is doable if you break it down
to its smallest parts.
You have to first figure out if you’re going
to sell a product or service.
Then you have to figure out how much you can
make for that product or service.
Lastly, you need to discover a market for
that product or service.
Don’t let anyone tell you that making an
extra $1000 a month isn’t possible at your
skill level.
Anything is possible if you’re willing to
work smart enough and hard enough for it.
Well, that's my video on proven ways to earn
$1000 per month.
I appreciate you watching!
Let me know any questions, comments, or topic
suggestions you might have on personal finance
in the comments below.
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information.
Lastly, the stock market is set up perfectly
to buy stocks at a discount right now.
Even if you’re just curious and looking
to start with 100 bucks or even less I’d
recommend using Robinhood.
It’s completely FREE, plus if you use my
link you’ll get a free stock just for opening
an account.
It’s a win-win.
Comment below and let me know what you get!
Thanks for watching, and I’ll see you in
the next video!
