If you've found yourself in a situation where you had to ask a family member for financial help until your next paycheck in the past year, you're not alone. Nearly 45% of Americans have had to seek assistance from relatives due to the increasing cost of living.
This trend has led to a rise in popularity of side jobs and side hustles as a means to supplement income.
Feeling financially strapped, especially when it comes to essentials like utility bills, debt repayments, or mortgages, is a common concern for many. According to a 2023 study by EY, over 50% of Gen Zers are particularly worried about money, especially during periods of inflation.
Fortunately, there are numerous ways to boost your earnings and create multiple streams of income for yourself and your family.
Below are five side jobs you can start from home with minimal investment and time commitment:
Consulting Platform Membership:
Join expert networks that are always seeking new consultants. Apply for projects that match your expertise and get paid for your time.
Online Coaching:
Coaching is a lucrative side hustle that can yield high income quickly. Depending on your niche and client base, you could earn anywhere from $100 to $2,000 per session.
AI Coaching Development:
Utilize your industry expertise to create an AI coach or chatbot that provides coaching services to clients. This passive income stream allows you to monetize your knowledge while you sleep.
Pet Sitting/Dog Walking:
If you are animal lover, consider offering pet sitting ya dog walking services. Platforms like Rover and Care.com can help you promote your services.
Translation Services:
If you're fluent in multiple languages, freelance translation can be a lucrative option. Platforms like Fiverr allow you to secure translation projects and set competitive rates.
These side jobs require minimal upfront investment and offer flexible earning potential based on your skills, availability, and expertise. With a bit of research and dedication, you can start earning extra income from home today.