Dan is back with his weekly blog post. Hope you enjoy! xo Candace
There has never been a better time to get yourself a side hustle. The extra money you can make on the side can really help propel you to financial freedom. Here are a few ways I make money on the side.
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Tutor – As a teacher I have the experience and skills required to tutor. This has been a great source of income for me lately. Right now parents are craving education. While distance learning is a quick fix to get through this pandemic, it is proving to be problematic for longer periods of time. Students are missing a great amount of direct instruction and we are starting to see gaps in the mastery of most concepts. I usually tutor 3/4 times per week after school. Sometimes they are 1-1 sessions, other times they are small groups of 3-4 students. Often times I will tutor virtually as well. Make sure to price yourself appropriately. Your fee has to do with your experience, the time for each session, and the area you live in. If you are a teacher, make sure to read your contract. My contact states that I can not tutor any students in my class, I can not tutor on school grounds, and I can not tutor during school hours. You would never want to jeopardize your main source of income for a side job. Even if you are not a certified teacher, make a list of skills you have and reach out to see if there is a demand. You can teach baking, coding, photography, yoga, athletics, speech, handwriting, art, music, anything. If you are a natural teacher, people will gladly compensate you for your time.
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Trainer – My next side hustle is a Crossfit Coach. I received my CF-L1 a few years ago to strengthen my knowledge of the sport. I never intended to coach classes. Well, here I am, now coaching 3 times a week. I coach a 5am class before school on Monday and I coach 4 and 6pm classes Friday night. I love the sport and I love coaching, so this is a win. The extra money is nice as well. It also allows me access to a Crossfit box where I can work out with equipment I don’t have at my home gym. I used to pay ~$200/month to do Crossfit, now I am getting paid to do Crossfit, that is a big swing. The CF-L1 cost me around $800, but I have more than recouped my investment. You may have to spend a bit of money to make some money. Don’t be put off by upfront costs on any side hustle you have in mind. Think of the long game. A one time fee of $800 is nothing when you count all the money you can make from it.
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Film/Edit – Since I joined YBC® I have taken over the editing responsibilities. I edit Candace’s videos for her YouTube channel and for any brand collaborations. This has been a big challenge for me. At first it was a struggle. I just watched “how to” videos on my free time and learned a little bit each time. I enjoy the challenge and I am proud of how far I have come. Some of the camera, editing, and tech parts still overwhelm me, but I am further along than I was before. The point here, don’t wait till you are a master at something before going for it. If an opportunity presents itself to you, say YES, then figure it out later. You may not know how to do something today, but if you are willing to learn you will get it!
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Construction – My father owns a construction company. Mostly residential work, remodels/baths, handy work here and there. Over the summer I will work some days with him when he needs a hand. The money is great and it is an honest days work. I have been working on and off with him since I was a teenager. It has really helped me understand the value of a dollar. You will spend money a lot more responsibly when you have to dig holes for 9 hours on a summer day to earn it. It is also always fun to build, it is a great feeling when you see a stack of wood turn into something you created. The skills I have learned on the job with him are priceless. I can do work around my house now without having to pay someone to do it. If we need to fix anything, I can do it. Labor is the number one cost for fixing a home. So again, this is a win win. You make money and also save money by not hiring someone to help.
This extra money can clear debt, pay for groceries, go into savings/investments or just have it for fun. Try to avoid relying on one source of income. It creates a stressful life that can disappear quickly with one change. I am beyond grateful for all the opportunities I have to make money, and I try to create a situation that is sustainable for the long term. It is always helpful to have multiple sources of income. Teaching is clearly my number one priority, but the other jobs are a huge help.
Let me know what side hustles you have, or are thinking about going after!
The time is now
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