In a recent interview on Everyday Struggle, Soulja Boy was asked why he owns so many businesses. He quickly clapped back, “…Because I’m a bonafide hustler.” Check out the rest of the interview by clicking here. Let’s talk about the best side hustles for ‘bonafide hustlers!’ We’ve heard this term growing up, but what does it mean? Basically, a person that knows how to get money.
The best side hustles are the ones where you can passively make money. This will free up space in your schedule so you can have many sources of income. Name a billionaire that only owns one business…. I’ll wait. People who make a lot of money usually have MULTIPLE SOURCES OF INCOME. This is why YOU should have multiple sources of income. Why? Nothing is guaranteed so it’s always smart to have some type income that you can rely on, in case things get tough. Plus, it’s nice to have some extra cash on the side.
You’re young and might not know how to create multiple sources of income but, there is always more money to be made. Let’s talk about a few ways you can make more income.
First, let’s talk about freelancing. This is a popular way to generate another source of income. Your first job may not allow you to work all the hours you need, so you may need another one. A second job doesn’t have to mean working in an office or coming into work for hours. There are online positions that you may be able to fill, if you look in the right place. A major way to make money from working at home is through freelance writing. Many blogs and websites look for people to create content for them. Some sites to look into include:
There are also some online receptionist positions where you can literally work from your dorm room or apartment. Think smarter not harder.
2. Invest in Yourself
It’s always important to invest into yourself. Sometimes that means investing into your education or experience. It can also mean investing in your own business. The top entrepreneurs are born in college. Find out what you’re good at and make it a skill!
Invest in yourself and make some extra money!
- Make a YouTube channel about something you love and start recording.
- Know how to do hair? Set up shop in your room and get to work.
- Have a nice camera and like taking pictures? Start a photography business and shoot on the weekends.
- Are you good at doing makeup? Start working on your MUA skills.
3. Invest in Someone Else’s Business
Next, let’s talk about investing in others. Sometimes you might not have a million-dollar idea but you may be good at finding them.
Think about investing into other businesses. You don’t always need a broker and thousands of dollars to invest. Get an account with Robinhood and get to work. You may also want to look into crowdfunding if you’re looking for a second income that you may be guaranteed in the future.
4. One of the best side hustles: subleasing your empty apartment
Renting out property you own is an easy way to make some more money. If you have an apartment you won’t be living in for a few months, go on Facebook and let people know you want to sublease! If you both make a deal they’ll be paying the rent on it and you can possible make some extra money while you’re gone.
There is always MORE money to be made. You just need to think of how you can make it. Everyone has a skill or something they’re good at, figure out how to make money from it!
Know money, No problems.