Disclaimer: The statements made in this post are the opinion of the author. They should not be viewed as financial advice. Please consult with a financial specialist before making any financial decisions.
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I don’t know about you, but I am tired of lists about making money that give out terrible advice. The number one suggestion on most lists out there is to join an online survey service.
That is a total waste of time if you are serious about making money.
And I believe you are.
I also hate all of the make extra money lists that suggest blogging. Usually, when someone is looking for a way to make money they want something that will make money soon.
Let me be honest, blogging takes a lot of commitment upfront for very little immediate return. So don’t fall for blogging as a get rich quick scheme. They just want you to join their “blogging to make money” course.
Instead, lists about making money should be simple ways that people can quickly get extra cash by putting in a little hustle.
Now, if you are interested in an actual side hustle, then I recommend my post of the 25 best side gigs for 2020. But if you just want to make a few extra bucks, then this post is for you.
This brief list will cover how to make money online, how to make money fast, and how to make money legally. Although not necessarily all three all the time (except for legally, that one is always included).
How Do I Make An Extra $1000 a Month?
To understand how to make $1,000 a month on the side, let’s break down what that would look like on a weekly, daily, or hourly basis.
There are roughly 4 weeks in a month, so I always like to assume that I only have four work weeks to make my money goals happen. While technically there are 2-3 other days that I will be working that month, sticking with 4 work weeks makes for a pleasant surprise at the end of the month.
Four work week a month means that to make $1,000 you’ll need about $250 a week.
There are about 30 days in each month, so you could divide $1,000 by 30 and get $33.33 a day, but let’s be honest, we all need to take a break from time to time.
Really there are only about 21-22 work days in a month (excluding week days). That would mean that you need to make between $45 and $48 a work day to make an extra $1,000 a month.
And to break it down hourly, we need to consider that you probably have a full-time job. If not, you most likely need more than $1,000 a month to survive. So let’s assume you only have a part time job worth of hours available to make $1,000 in a month.
20 hours a week times 4 weeks is roughly 80 hours a month. That means you would have to make $12.50 an hour to make $1,000 a month.
And that is very doable!
Don’t Forget About Taxes
As a quick side note, you need to consider that taxes can take anywhere from 15% to 30% of your side income right out of your pocket.
If you are working a regular W2 job (having roughly 15% taken out) then you’d really need to make $1,200ish a month ($300 a week) to end up with $1,000 in your pocket. Which comes down to needing to make $15 an hour instead of $12.50.
That is still very doable, but it is worth considering when making your financial goals.
If you are an entrepreneur who has to pay your own taxes in full you will probably end up paying closer to 30%. In which case you will need to make closer to $1,450 a month ($362.50 a week) to clear the $1,000 a month mark.
6 Simple Ways Make An Extra $1,000 Per Month
The suggestions below are ways that you can reach the $1,000 a month goal without getting additional training, building a larger business, or waiting very long to get paid.
They are intended to be quick, easy, and repeatable (so I won’t be suggesting that you sell everything you own on Facebook).
These are examples of what you can do and how they will make you $1,000 a month, but get creative and do something that best fits you!
1 Rent Out a Room (or something) on AirBnB
If you live in a high demand area, it is incredibly easy to make $1,000 a month on airbnb (or VRBO). A relatively common nightly rate is $35 for a room (though you can go lower or higher depending on where you live). If your room is rented out daily $35, then you’ve hit $1,000 a month!
Just remember that this requires you to give up some of your privacy. If you don’t want to do that, consider renting out an RV, or building a small dwelling for renters (if it is allowed in your city zoning).
If you are a renter yourself remember that your lease may prohibit this, so ask your landlord and be upfront about it. This will reduce later potential conflict.
You can get started hosting on airbnb here.
2 Do Food Delivery
I like food delivery as a way to make extra money for a number of reasons, but most important is you only work when you want to.
While rates vary depending on how fast and good you are, $15 an hour is a pretty average wage for a food delivery person so $1,000 a month in extra cash is easily obtainable.
3 House Sitting
There are many people that need someone to take care of their home while they are away. Either for an extended vacation or for a second home. This makes for a great opportunity for house sitting.
Pay ranges considerably, just looking at my area I saw $9 to $80 a day. Usually this range depends on how involved you are, but looking after someone’s house can be a great way to make some quick cash. And with a range up to at least $80, making $1,000 a month should be doable.
Just remember that some of these jobs require you to actually stay at the persons house, so decide what you can and cannot do before you start down this rabbit hole. Also, many of there sites have a membership fee, so only do it if you actually plan to house sit.
4 Do Voice Overs
This is one of those up and coming things that are only going to be more useful as we dive deeper into a video heavy internet world. A 15 second audio recording (that takes time to prepare for of course) pays on average $100.
That means you only need to land 10 of those gigs a month (or one every three days!) to make an extra $1,000.
This is an incredible opportunity, and all you need is to be able to make high quality recordings, which is becoming easier and easier as quality hardware gets cheaper every year.
5 Freelance Writing
Freelance writing is another thing that just isn’t going away. Remember, we live in a time when information and content is being produced so fast that 90% of the world’s data (information) has been produced in the last two years!
Not all data is content, but content production is growing immensely. And every piece of content requires a writer.
A website? Someone wrote each page. A video? Someone wrote the script? An ad? Someone wrote that too. So why not get your piece of the pie?
For someone starting out, $0.05 a word for writing is not an unreasonable thing to shoot for. That means that a 1,000 word piece will make you $50. At that rate, if you can produce just one 1,000 word piece every work day then you will hit that $1,000 a month mark.
If right brain creative stuff isn’t your style then bookkeeping is another route. Every business and entrepreneur needs to keep track of how much money comes in and how much money goes out. This is not as easy as it sounds for less numbers minded people.
A bookkeeper can usually charge around $20 an hour, which is plenty to hit an extra $1,000 a month.
Other Easy Gigs to Make a Little Extra Cash
The previous suggestions are the best ways I’ve found to make an extra $1,000 a month. There are a lot of other options that are great, but just not as lucrative.
These are the honorable mentions. You probably won’t make $1,000 a month using any one of these, but you can make some decent money, especially when you start putting them all together.
Do you like animals but aren’t able to commit to having one of your own? Or do you want your dog to have a playmate without the responsibility of owning another dog? Well Rover is a great opportunity to do just that.
If you sign up for Rover as a host then you can host other people’s dogs and cats over night, as a daycare, or even for a dog walking service. Most people charge about $25 a day for this.
That puts it just under what we need to make $1,000 extra a month, but $750 a month if you are booked all the way through would be amazing!
You can sign up to be a sitter on Rover here.
Turo is a car sharing app. You post your unused car on the app and other people can drive it around for however long they need it.
How much you make depends on what kind of car you have and how long they have it for, but you can make a few hundreds dollars every month doing this if you live in a more populated area.
You can list your car on Turo here.
Neighbor.com is a self-storage website that allows you to rent out your extra space to other people for self-storage.
If you have extra space or a place to put people’s stuff then it can be a great way to make a few extra bucks a month.
By itself this won’t get you to $1,000 a month, but letting someone else’s stuff just sit on your property seems totally worth it to me.
And you can get an extra $50 when you get a space rented just by signing up for neighbor.com here.*
If you have spare land or even spare space in your driveway this can be a money maker. Hipcamp allows people to go camping on private land (all the way from tent camping to luxury RVs).
You decide what type of campers you will have, how many, when they can be there, and so much more. It is easy and convenient to use and the best part is you spend minimal time cleaning (unlike airbnb) because campers bring all their own sleeping materials with them.
Unless you have a lot of camp sites in a highly desirable area you probably won’t hit $1,000 a month, but that little extra makes a big difference.
If you’re interested in hosting campers, sign up for hipcamp here.*
To Make $1,000 a Month Just Get Started
There are many different opportunities to make an extra $1,000 a month out there, but you’ll never know if it will work unless you try it.
Most of these suggestions are very low risk with a lot of potential reward.
If you take just some small action steps you will soon see substantial income coming in that you hadn’t before.
What are some creative ways that you can think of to make an extra $1,000 a month? What are some other easy ways to make some extra cash on the side? Tell me about it in the comments below.
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Frequently Asked Questions
About Making $1,000 Extra a Month
How can I make $1000 a month online?
From the options listed above the best online work includes freelance writing, voiceovers, and bookkeeping. These are all easy ways to make good money if you can get some gigs. Just remember that it will take some concerted effort to get work upfront.
There are many other ways to make $1,000 a month online, but not all of them are fast. These include creating a course, starting a blog, selling items online, low content publishing, creating E-books, graphic and web design, freelance coding, and so much more.
The key is to either find something you already have a skill in or build one of these skills and then go for it.
How can I make $1000 fast legally?
All of the items listed above are legal ways to make money money fast. Other ways to make some quick cash include selling unwanted items, getting a well paying seasonal job, and getting a commission based job then working your tail off.
Just remember that you should not do anything that is against the law OR is in a gray area. The more upright you are in your business the better you will do in the long run. Also, make sure you are paying the taxes that you owe. Skipping taxes is a poor long term strategy.
How to make $1,000 a month in passive income?
There are many ways to make $1,000 a month in passive income, but most of them require work up front.
Investing in Stocks: A reasonable stock return is 6% yearly. So investing $200,000 will bring in about $1,000 a month in the long run. (6% of $200,000 is $12,000. Divide by 12 months is $1,000 a month).
Real Estate: Each property invested in in real estate should bring monthly cashflow. If each property cashflows $200 then you will need to own 5 properties to cashflow $1,000 in real estate.
Airbnb: This is basically passive, especially if you pay someone else to do the cleaning for you. And as we discussed above, $35 each night in a fully booked area will bring in $1,000 a month passively.
Royalties: It is very easy to make money off of royalties these days. Create a book and sell it on Amazon, the money from each sale will come in without even thinking about it. Create music and post it online in places like bandcamp.com.
Business: Buy a business or a franchise and hire a manager to run the business operations from day to day. Some franchises only cost as much as a down payment for a house and can bring in quite a bit of money each month. Just make sure to do your due diligence and hire the right manager.