Do you aspire to a lifestyle upgrade? Making an extra $7,000 per month sounds pretty damn good. That’s some serious extra cash that could let you live a bit larger – pay down debts faster, pad your savings and splurge on some wants. However, you don’t have to buy into any get-rich-quick BS to make it happen. Earning $7000 a month can buy you profound freedom. This guide unlocks the secrets to reaching that income level.
10 Easy Ways To Earn $7K a Month
These are all legit ways you can use to create a hefty extra income stream. We’re talking thousands in additional monthly money with good old-fashioned hard work and some entrepreneurial thinking.
1. Start Your Blog
Please don’t sleep on blogging because it has played out. You can make over $10K per month through affiliate marketing, sponsorships, his products, and the whole nine yards. Find a niche you’re passionate about and crush it with great content.
2. Create a YouTube Channel
YouTube has minted many millionaires by letting everyday people build followings around their skills and personalities. My cousin, a makeup artist, started a tutorial channel on the side. Thanks to brand deals and ad revenue, she now efficiently clears $8K monthly and you can earn upto $30000 monthly.
3. Drop Servicing
The concept here is acting as the middleman for services you can’t or don’t want to do yourself. A web developer buddy of mine lands client projects, then outsources the actual coding work to freelancers he finds online for a cut of the total price. He pockets the majority as profit without touching a line of code.
4. Start a Podcasting Channel
Podcasting is a great way to tap into niche audiences and build a following around your unique voice and perspective. I know a guy who interviews authors and experts on church leadership for his show. He funds it through sponsorships, Patreon contributions, and even live events. Not too shabby! Podcasters can earn money from anywhere, starting at $700 to $5,000 per month.
5. Food Delivery
Driving for apps like DoorDash or Uber Eats is the quintessential side hustle. It’s mindless work, sure, but the schedule flexibility is hard to beat. An old coworker treated it like a part-time job, putting in around 40 hours per week and routinely earning $6-7K during peak seasons.
6. Lease Property on Airbnb
Do you have some extra space in your home or an investment property? You could be sitting on a cash cow with Airbnb. My sister bought a little beach cottage specifically to rent out during the summer months. She easily banks over $7K after expenses by offering a nicely appointed getaway.
7. Teaching or Tutoring
Put your skills and knowledge to work by teaching or tutoring others in person or online. I know tutors making $50-80 per hour for test prep, music lessons, language learning, and more. Plenty of platforms also let you create and sell video courses.
8. Trade Online Markets
The volatility of crypto, stocks, forex, and other markets offers serious money-making potential for skilled traders. An old colleague treated trading futures contracts as his side hustle after his day job. He was pocketing an extra $7-10K monthly in profits on a good streak.
9. Start a Business
Opening your business is a classic path to earning great money, though it requires more startup investment and elbow grease. A couple I’m friends with opened a coffee shop a few years back. After getting over the initial hump, they now each take home over $10K monthly.
10. Drive for Uber
Similar flexibility and earnings potential as food delivery if you’re willing to shuttle passengers in your ride. Had a professor back in college who picked up Uber driving as a “retirement gig” and said he averaged $7K monthly.
Wrap up
An extra $7,000 to earn up to $15000 per month is achievable if you make some noise. It’ll take hustle and thinking outside the standard job, but the opportunities are out there. With a little grind and entrepreneurial spirit, you could be well on your way to stacking way more cash. Beem offers accessible lending alternatives and tailored financial solutions, allowing customers to close financial gaps and achieve their goals.
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