In 2018, I started experimenting with side hustles to pay off my $40,000 of debt in credit cards and student loans.<\/p>\n\n\n\n
Today, I’ve accomplished that goal \u2014 and more. In 2021, I built enough income streams to quit my $98,500-per-year engineering job and work on my businesses full-time.<\/p>\n\n\n\n
At 28 years old, I am my own boss<\/a>, and I work less than four hours a day. Last year, I made more than $189,000 from seven income streams.<\/p>\n\n\n\n My biggest streams come from teaching people how to start profitable side hustles: I post educational content on YouTube<\/a>, mentor people on Patreon<\/a>, and sell business consulting services on Fiverr<\/a>.<\/p>\n\n\n\n Here are three side hustles you can start today for $50 or less:<\/p>\n\n\n\n Cost to start:<\/strong> $0<\/p>\n\n\n\n Fiverr<\/a>\u00a0is an online marketplace for freelance services. Common jobs include graphic design, writing and translation, and digital marketing.<\/p>\n\n\n\n I created my first business consulting listing in 2021. I had a lot of success selling products on Amazon and wanted to share knowledge in e-commerce.<\/p>\n\n\n\n I charged between $60 and $350 to conduct product research. Someone would tell me what they were interested in selling, and I would find specific products in that category that were high in demand and low in competition.<\/p>\n\n\n\n Then I’d put together a research report that included product details, where to manufacture it, and a cost estimate and profit analysis. I’d sometimes consult customers on how to list the product on Amazon. I made a profit of $29,000 during my first year.<\/p>\n\n\n\n Fiverr is free to join, and you’ll only be charged a fee when you complete an order. The platform collects 20% of your revenue<\/a> in fees.<\/p>\n\n\n\n Some other no-cost freelancing platforms to consider:\u00a0UpWork<\/a>,\u00a099designs<\/a>\u00a0and\u00a0Guru<\/a>.<\/p>\n\n\n\n Cost to start:<\/strong> $50<\/p>\n\n\n\n Patreon<\/a> allows you to build and sell memberships by providing exclusive access to your work. I signed up in 2020 to teach people how to create an Amazon store.<\/p>\n\n\n\n Every month, subscribers pay a fee to communicate directly with me and learn about top-selling products in different categories. Last year, I made $33,114 through Patreon.<\/p>\n\n\n\n Signing up to create content on Patreon is free. You only pay to use the service once subscribers pay to join your group. Patreon charges between 5% and 12%<\/a> of your monthly revenue, depending on how many features and tools you need.<\/p>\n\n\n\n Here’s how it works:<\/p>\n\n\n\n Cost to start: <\/strong>Varies<\/p>\n\n\n\n Own a car? Turo<\/a>, a peer-to-peer car-sharing platform that lets you rent out your vehicle, is a great way to generate some extra income.<\/p>\n\n\n\n In 2019, I purchased a $22,000 Polaris Slingshot with a $2,000 down payment. I saw people in my market renting out their Slingshots for $150 a day, and since my monthly payment was around $400 (including insurance), I only had to rent my car out for at least three days a month to break even.<\/p>\n\n\n\n In 2020, I made $5,717 in gross profit.<\/p>\n\n\n\n Signing up for Turo is free, but startup costs will vary depending on your vehicle situation. Here are three tips to help maximize your profit:<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" In 2018, I started experimenting with side hustles to pay off my $40,000 of debt in credit cards and student<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[254,3421],"tags":[888,3635,3429],"_links":{"self":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/11110"}],"collection":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11110"}],"version-history":[{"count":1,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/11110\/revisions"}],"predecessor-version":[{"id":11111,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/11110\/revisions\/11111"}],"wp:attachment":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11110"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}1. Freelance your skills on Fiverr.<\/a><\/h2>\n\n\n\n
2. Use Patreon to benefit an audience.<\/a><\/h2>\n\n\n\n
3. Rent out your car on Turo.<\/a><\/h2>\n\n\n\n