“If your salary is your only source of income, you are one step away from poverty” – Warren Buffett.
In these expensive times, depending on a single income isn’t enough to meet all your wants and needs. You need multiple income sources to beat inflation and enjoy a comfortable financial life.
One of the easiest ways to have multiple income sources is to start a side hustle. It can allow you to earn extra money that you can use to achieve your financial goals a little faster – be it retiring at a young age or paying off debts you might have incurred.
So, here is a look at five side hustles that you can start quickly this year to get some extra cash flowing in your life.
1. Ridesharing
Ridesharing is on top of our list because it provides you with the flexibility of working on your terms while paying a respectable income. You can register as a driver with Uber, Lyft, or other ride-sharing companies, as per your choice.
You can work after office hours, on weekends, or whenever you have time. As per research, an Uber driver earns around $30,902 and $45,402 annually.
Not bad as a side hustle, we say!
2. Blog writing
You can try blog writing if you have a good command of language(s), meticulous research skills, and a creative thought process. You can choose to be a freelance blog writer for multiple clients or start a blog page of your own, where you can sell ad space.
Either way, you will earn a decent amount. Freelance blog writers make around $57,674 per year in the United States. Thus, it is a good option to earn extra bucks in your spare time.
3. Tutoring
You can get paid to become an online tutor if you have decent knowledge and love imparting it to others. You can teach students from kindergarten to high school and above, based on your preferences.
You can either enroll with an online teaching platform or work independently by uploading videos on platforms like YouTube. Alternatively, you can try offline tutoring by finding students in your area.
4. Participating in online surveys
Many companies carry out online surveys before launching a product or service or upgrading existing ones. This is done to fine-tune them to ensure it is successful upon launch.
There are various online survey websites where you can enroll to earn extra dollars by answering a few simple questions. While it is a low-paying opportunity compared to others, it isn’t as physically and mentally demanding as others.
5. Becoming a virtual assistant
Are you good at managing other people, reminding them of priority tasks, and scheduling their day-to-day activities? Then, the virtual assistant job is the perfect fit for you.
As a virtual assistant, you can help people improve their professional lives by taking charge of their administrative work. For example, people hire virtual assistants to manage their social media, create daily calendars, and respond to email queries.
Virtual assistants earn a decent hourly wage and an entirely remote job position. You can find opportunities on sites like Fiverr and Upwork.
Conclusion
These were our top five picks for the best side hustles to start this year. Which side hustle are you looking forward to? Which role do you see yourself the best fit for? Do let us know.