An easy way to improve your financial situation is to boost your income. You can pay down debt faster, rest easier with a well-funded emergency fund, boost your retirement account — the options are endless.
While you can ask for a raise or switch jobs to make more money, those options aren’t always available. That’s where a good side hustle can fill the gap. But not all side hustles are created equal.
Any extra income is great to have, but sacrificing your precious free time should come with a proper boost to your bank account. The following seven jobs all have the potential to bring in $1,000 a month or more in side-hustle earnings. And chances are you have already cultivated the skills or hobbies needed.
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1. Tutor or consultant
If you have a useful skill, you can probably monetize it. Whether you’re an ace at algebra, play a mean tambourine, or can boost a company’s bottom line, someone out there can likely benefit from your experience.
How much you can make tutoring or consulting will depend on any number of factors, including the rarity of your skill or experience. If you’re tutoring young students, you can expect rates around $15 to $25 an hour. At more advanced levels, tutors can easily charge $30 to $50 an hour. And a top-level consultant can bring in $100 an hour or more, depending on the industry.
2. Virtual assistant
Most of us lead busy lives, but some folks are better at it than others. If organization is your skill, consider becoming a virtual assistant for someone who needs a hand staying on track. Virtual assistants do anything from keep schedules and send errand reminders, to scheduling business meetings and overseas travel. The amount you make will generally vary based on the hours you work and the complexity of the tasks you perform, but $15 to $25 an hour is common.
3. Freelance writer
Anyone who has a way with words can work as …….