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Print icon Resize icon For many Americans struggling due to sluggish wage growth, having a side hustle can help — and some gigs pay extremely well. The U.
Worker pay increased 5 cents, or 0. On an annual basis, hourly pay growth only moved up to 2.
And while the number has decreased in the past year, there are still more than 7. But some people who are doing the side hustle are raking in far more than others.
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How to make 100 college graduate Noam Shapiro has levied one accomplishment — getting into six Ivy League schools — to start a college admissions coaching and tutoring business.
While some people have turned their hobbies into six-figure careers, many people use them to supplement their income.
I hope to dispel their claims and more in this follow-up post. After all, you did ask for it. All built in the last week. However, some people may be suspicious.
Younger millennials are less likely to earn big bucks from it. Here are six side hustles that have made people thousands of dollars. Sites like GoDaddy and Sedo have auction-based marketplaces for existing domains.
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Unlike flipping real estate, buying and selling domains does not require a lot of cash up front. Sites like Estibot. Creating personalized candy hearts Marketing professional Sarah Hannington wanted to send custom candy hearts to clients as little gifts, but found that many companies in this business had less-than-stellar websites, according to the Side Hustle School podcast.
She built a website and eventually created her own candy-heart-making company. Today, Hannington says she generates a six-figure income from this business, while still working her day job.
Millions of Americans are relying on side hustles to pay for necessary expenses
Also see: Beyond bootcamp: Is immersive learning a must for coding? Refurbishing vintage automobiles Monetizing a hobby is another way to get into a side hustle without much added effort.
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Because of his longstanding love of these vehicles, he found it easy to spot good deals on models he could get into working shape and resell. Running a blog While working as a post-doctoral fellow in Israel, James Ashenhurst began tutoring in organic chemistry to make some extra money, utilizing his doctoral degree in the field from McGill University in Canada, he told the Side Hustle School podcast.
His blog now generates revenue through advertising and sales of his study guides. Read more: Move over, millennials — members how to make money fast in a week Generation Z are ready to work Walking a dog Yes, traditional side gigs like dog-walking can become extremely lucrative.
After losing his passion for dance following a battle with cancer, Ryan Stewart initially 000 on the Internet in a week to jobs like acting in commercials and waiting tables.
The catch with any side hustle What you do with the cash is just as important as how you earn it. Just putting away a few dollars a month from the cash people generate with these endeavors is good practice, and can help put them on track to building a sizable nest egg.
It was a game-changing moment for me since this realization helped me begin this amazing online journey that I am so grateful for. And I want to share them all with you, one by one. But first, let me give you a little context about me and my story.
This story was updated on Dec. More from MarketWatch.