- Could you imagine making an extra $10,000 in a year?
That breaks down to roughly $833 per month
that you would need to earn.
And it's actually more achievable than you think.
In this video, we are covering 10 crazy,
extreme ways to make $10,000.
(upbeat music)
Hey guys, welcome back to the College Investor,
investing and personal finance for millennials.
Now, when I say crazy ways to make $10,000,
I really do mean crazy.
People have done it and it can be done again.
So let's cover this top 10 list of ways
you can make $10,000 starting with number one,
selling pretty much everything you own
think furniture, electronics, household goods.
Basically, if it isn't nailed down, you can sell it.
And while many people were like,
I have to have a TV in my apartment,
or I have to have a sofa in my living room.
Could you go without one?
Could you actually sell these things?
People are having a ton of success selling on places like
Facebook marketplace or Craigslist and more.
So consider selling your stuff.
Number two is to rent out your space.
Now, when I say space,
that could mean a couple of different things.
First, if you have an extra closet, an extra bedroom,
maybe have a storage unit or basement
that you're not really utilizing,
you can actually rent out those spaces
for people who need to use them to store different things.
You could also use your driveway,
think about RV spots and renting out your driveway
for a person to park their RV
Or maybe you have a really awesome backyard
that you can rent out for Airbnb campers or special events.
The third way is to rent out your car
or rent out your stuff.
So you can actually rent out your car,
especially if you aren't driving a lot these days,
you can rent out your car, using a platform called Turo.
As long as you meet the qualifications on that website,
you are free to rent out your car to other people
and make money at it.
You can also rent your stuff.
So if you have power tools, equipment, a trailer,
just about anything that you wanna to use to rent,
you can do so using platforms like Loanable.
Loanable is so cool because you can find people in your area
that are renting their stuff
and then you can rent from them
and likewise, you can rent your own things
and rent towards other people.
I actually saw somebody wanting to rent
a bouncy house for kids.
I'm like, that's a great idea.
You can just rent that out
and you don't have to worry about it
going to waste sitting storage.
The fourth way is to start partnering with Lyft
by becoming a Lyft driver.
So according to a lever,
you can earn up to $19 an hour working as a Lyft driver.
So if you're really working towards that $833 per month
and additional earnings to hit that 10K in a year,
and that means you only have
to drive about 44 hours per month with Lyft,
which breaks down to roughly 11 hours a week of driving.
So that actually doesn't seem
that crazy of a way to make an extra $10,000 if you ask me
The fifth way to make an extra 10K
does sound a little extreme to me,
think about game shows and sweepstakes, okay,
So a lot of people actually don't apply
to be on these game shows
but you don't know unless you try.
And there is mad money to be earned in game shows
and likewise with sweepstakes.
Sweepstakes is different than a contest
because a contest, you actually have certain rules
that you have to adhere to,
and then you're judged on whatever your entry is
for that contest.
A sweepstakes is you just simply enter
and then see if you win.
Now, there are a ton of sweepstakes online
that you can get into.
In fact, we had one right here on the collegeinvestor.com
where we gave away a $500 Amazon gift card.
So look for ways, sign up,
there are several platforms that you can use,
including Sweetie Sweeps, Contest Girl, Online Sweepstakes,
Giveaway Promote and Reddit Giveaways.
Now the sixth way to make an extra 10K is one
of my favorites and that is to get your freelance hustle on.
Basically think about whatever skill set
that you have right now
and if you are being paid for those skill sets right now
in your day job, you can freelance that out.
So this could include freelance writing, content creation,
social media, graphic design, finances, organization,
maybe you're really good at style and interior design.
Anything that you already have a skill at, can be freelance.
So you can think about those skills,
write your top three skills on a piece of paper,
and then start networking and reaching out
to your personal professional network
and let them know that you're available
to do side gigs as a freelancer, it works.
The seventh way is to invest in real estate by
pooling your money using crowdfunding sources.
Now crowdfunding real estate is a really nice option because
then you don't have to put as much money up as you would
if you were just doing this by yourself.
So crowdfunding lets you pool your money
with a group of people
and then together you would purchase that property
and then you'll get a portion
of whatever income that property makes.
And then as that property appreciates, when it gets sold,
then you also get their earnings.
Checkout RealtyMogul if you're interested
in crowdfunding real estate opportunities.
The eighth way that you can earn an extra $10,000
is to lend money to others
and I'm not talking about lending this to your sister,
I'm talking about using third party platforms
where you can put up your money as a personal loan,
and then you get to select what your terms are,
how long you want to loan your money out
and then what type of interests
that you want to earn on that
and there are several options on different platforms and
then that microloan or whatever loan amount you want
to give, then you get paid back
that principal plus interest.
So basically you're the bank in this situation
and you're lending out your money to other people
using a third party platform.
Now the main companies in this space
are Prosper and lending Clubs.
So be sure to check them out if you're interested in this
type of way to earn additional income,
but keep in mind, you'll need money upfront
in order to make money,
to make this whole process work.
Number nine is also one of my favorite ways to earn money
and that is start a moneymaking blog or a website
and that's exactly how the College Investor
started in the beginning.
Just started as a humble blog and it has grown
to what you see today.
And while a blog isn't an overnight success.
You definitely going to have to work at it
and continue to come up with content ideas
and strategy and plugging in different streams of revenue.
It is absolutely a way to make at least $10,000 in a year
if you work at it.
So number 10 is definitely the craziest one of them all.
I feel like, this one's for the ladies
and you can become a surrogate.
Now surrogates can get paid
anywhere between 30 and $50,000.
So for the right person who is okay with giving
the ultimate sacrifice of physically carrying a child
and then giving that child to the parents that you know,
want to be involved in this process,
it can be both physically and emotionally draining,
so this is not an option that you should take lightly.
This is a very, very big deal
and one that's going to impact you for life.
So if it's for the right person
and you're thinking about, okay,
this is a way that I can give back
and help somebody and also make a lot of money.
It could work for you.
Now, these ideas are definitely extreme,
but if you're wanting other ideas that can fit
into your routine and schedule, and maybe aren't so extreme,
free tools and resources at the collegeinvestor.com.