Searching for a side hustle? You're not alone. Today’s economy makes having an additional income stream not just beneficial, but often essential.
^^10 Ways to Earn Extra Income
Whether it’s paying off debt, saving for a vacation, or simply boosting your lifestyle, figuring out the right side gig can be challenging. Each opportunity has different commitments, skills, and payout potentials. Here are eight side hustles that could earn you an extra $2K per month.
^^1. Become a Private Health Coach
If you're passionate about healthy living, consider becoming a private health coach. Start with a certification as a personal trainer or nutritionist. Most wellness coaches charge between $50 to $200 per hour. By committing just 10 hours a week, you can easily earn an extra $2K monthly. This flexible option allows you to help others while making money from your knowledge and passion.
^^2. Rent Out Your Space
Chances are you have unused space in your home. Renting it out could bring in extra cash. Consider using platforms like Neighbor to list that spare garage for storage. Monthly earnings can range from $10 to $400, depending on the space and location. Airbnb is another option, with the typical nightly rate for a room in North America hovering around $314. If you can rent your space a few nights a week, hitting the $2K per month mark becomes very feasible.
^^3. Offer Virtual Assistant Services
Are you organized and administrative? Becoming a virtual assistant might be the perfect fit. Websites like Upwork connect skilled individuals with clients in need of support. Virtual assistants earn between $18 to $35 per hour, and with 20-25 hours of work each week, you could see an extra $2K added to your income. It’s a great way to leverage your organizational strengths while enjoying the flexibility of remote work.
^^4. Stop Overpaying When You Shop Online
Shopping online is handy, but it often leads to overspending. Save money by using Capital One Shopping. This free browser extension automatically searches for coupon codes and notifies you of better prices at over 25 major retailers. Avoid wasting time hunting for discounts. With more savings, you can increase your budget for other endeavors, helping you toward your $2K goal.
^^5. Train AI Chatbots
AI chatbot training is an emerging field with increasing opportunities. Companies like Outlier hire freelancers to help refine their AI capabilities, offering about $25 per hour. If you put in around 20 hours a week, you could potentially earn an additional $2K monthly. Nearing the digital frontier, this side gig is perfect for tech-savvy individuals looking to tap into the future of work.
^^6. Provide Child Care Services
Enjoy working with children? Providing child care could be an ideal side hustle. Care.com reports that after-school caregivers earn about $316 weekly for one child, or about $21.07 per hour. If you watch just a couple of children for a few afternoons each week, this gig can rapidly lead you towards the $2K milestone. It’s rewarding work that helps families while allowing for a flexible schedule.
^^7. Flip Furniture
Furniture flipping is gaining traction on platforms like Facebook Marketplace. Find undervalued pieces, refurbish them through sanding, painting, or restoring, and resell for profit. While earnings can vary based on market demands and the effort put into each project, many DIY enthusiasts find they can make over $2K a month with consistent efforts and a keen eye for valuable pieces.
^^8. Earn Cash Back On Everyday Purchases
With the Discover®️ Cashback Debit Checking account, you can earn 1% cash back on up to $3,000 in debit card purchases monthly, translating to around $360 a year. There are no credit checks or monthly fees, making this a hassle-free way to earn extra income while spending on necessary items. It’s an effortless addition to your financial strategy, allowing you to maximize your everyday spending.
^^9. Get Paid for Errands
Love running errands? Leverage that by signing up for gig apps like DoorDash and Instacart. Typically, drivers for DoorDash can earn $2 to $10 per order while Instacart offers $5 to $10 per delivery. By committing 25 to 30 hours per week, you could rack up another $2K per month, making it a practical option for those who enjoy being out and about.
^^10. Final Thoughts
Approximately 61% of Americans express that their life would be unaffordable without the financial boost from their side hustles. Exploring these opportunities can empower you to reach your financial goals, induce a sense of security, and even unlock the potential for growing your side gig into a full-time endeavor. Whether it’s renting out your space, coaching in health, or earning cashback on everyday purchases, the right side hustle could pave the way for a profitable future.