Going to college is a real joy. You finally have the chance to pursue a career you’ve always wanted, but there’s a catch. Most of us do not have an endless bank account to pay for the rising costs of higher education and therefore have to resort to acquiring student loans. Student loans are not new and it is currently estimated that in the United States alone, 44.7 million people have some form of student loan debt. Paying off that debt can be a little tricky with fluctuating interest rates, but to help you out, consider one of the following 7 steps to paying off that student loan debt in record time, or at least keeping up with the payments.
1. Delivery Services
We live in a single world. Not even 5 years ago, the idea of having food and necessities delivered to your doorstep was unheard of. However, over the past few years, businesses have had to adapt to accommodate a growing market of people who prefer delivery options. Delivery-side hustles have become commonplace and can be a great way to earn some extra cash. These jobs simply require you to pick up food or groceries and deliver them to your chosen address. The whole system is handled through an app on your phone and there are a variety of different delivery companies out there today.
2. Rent your car
This side hustle may seem strange, but with the rising price of renting a car and the essential service it provides, companies such as Hyrecar are employing average citizens for the use of their vehicle. The option is ideal for those who live in the city and only use their vehicle occasionally or those who have more than one car. This type of passive income has been known to bring in up to $14,000 per year depending on how often you rent out your vehicle.
Some people seem to have an eye for fixing things. Knowing how to repair items can net you a lot of money for a side hustle. There are no real requirements to become a handyman, but you will need the ability to work quickly and deal with unforeseen problems. Sites like Handy have jobs available for both cleaning and handyman work. From fixing a squeaky door hinge to more extensive DIY projects, you can earn up to $1,000 a week just by doing chores and completing to-do lists for kids. other people.
4. Online English teacher
English teachers are always in demand and for anyone looking to earn some extra cash to help pay off their student debt, why not become an online English teacher. The beauty of teaching English online is that you can set your own hours and hourly rate. Online English teachers can work freelance and keep their regular job or go to school full time. Various websites such as Preply help bring students and teachers together, so if you fancy teaching English, why not teach English at Preply. The right job is out there if you’re willing to check out the job boards.
5. Drop shipping
One of the best ways to make extra money every month is dropshipping. This option is ideal for those looking to generate passive income through sales. Essentially, the drop shipper sells products online directly to customers without holding inventory on hand. Dropshipping works as a conduit to various industries to attract more customers and increase their sales reach without having to hire additional full-time salespeople. Dropshipping is easy to get started and doesn’t cost a lot of money to get started.
6. Print on demand
One of the most creative opportunities online is a print-on-demand store. This option allows you to sell personalized products with your prints. This side bustle is an ideal solution for those looking for a quality design. The key to success in the print-on-demand business is to provide the customer with the designs they want to buy. The customer will order your design on a variety of products, so the sky is the limit for those who are good at art and design.
7. Sell thrift store items online
One of the oldest and most trusted side businesses is selling second-hand items online. Although you can start selling your personal items online, the most profitable way to reach your income goals is to sell items you buy at thrift stores, garage sales, and anywhere else you can find handmade items. ‘occasion. The market for vintage style items and collectibles is endless for those who find them. The key here is to buy low and sell high.
With a little creativity and time consideration, you too can find the right side to suit your needs. There are myriad options to choose from in this big global digital world, so never feel stuck in your 9 to 5. You can pay off those student loan payments faster with one of these amazing side hustle.