Going to college is a true joy. You finally have the opportunity to pursue a career you have always wanted, but there is a catch. Most of us do not have an endless bank account to pay mounting higher education costs and therefore, must resort to acquiring student loans. Student loans are nothing 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 bit difficult with fluctuating interest rates, but to help you out consider one of the following 7 side hustles to pay off that student loan debt in record time, or at least keep up with the payments.
1. Delivery Services
We live in a unique world. Not even 5 years ago, the notion of having food and essentials delivered to your door was unheard of. However, in the past few years, businesses have had to adapt to accommodate a growing market of individuals who prefer delivery options. Delivery side hustles have become commonplace and can be a great way to earn extra money. These jobs require you to merely pick up food or grocery items and deliver them to the chosen address. The entire system is run through an app on your phone and there are a variety of different delivery companies available today.
2. Rent Out Your Car
This side hustle might sound strange, but with the growing 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 great for those who live in the city and only use their vehicle occasionally or those that have more than one car. This type of passive income has been known to net up to $14,000 per year depending on how often you rent out your ride.
3. Handyman
Some people seem to have an eye for fixing things. Knowing how to fix items can net you a lot of money for a side hustle. There are no actual requirements to become a handyman, but you will need the ability to work quickly and contend with unforeseen issues. Sites such as Handy provide jobs available for both cleaning and handyman work. Whether it is fixing a squeaky door hinge or more extensive DIY projects, you can make upwards $1000 per week just doing chores and completing honey-do lists for other people.
4. Online English Teacher
English teachers are always in demand and for anyone looking to make a little extra money to help pay off student loan debt, why not become an online English teacher. The beauty of teaching English online is you can set your own hours and hourly rate. Online English teachers can work in the freelance avenue and maintain their regular job or go to school full time. Various websites such as Preply help bring students and teachers together, so if you have a desire to teach English, why not teach English at Preply. The right job is out there if you are willing to look over the job boards.
5. Dropshipping
One of the best ways to make extra money monthly is through Dropshipping. This option is ideal for those looking to make passive income through sales. Essentially, the drop shipper sells products online directly to customers without holding available inventory. Dropshipping works as a conduit to various industries to bring in more customers and increase their sales scope without having to hire additional full-time salespeople. Dropshipping is easy to start and does not cost a lot of money to begin.
6. Print On Demand
One of the more creative opportunities online is a print-on-demand store. This option allows you to sell customized products with your prints. This side hustle is an ideal solution for those that have an eye for quality design. The key to making it in the print-on-demand field is providing the customer with designs they want to purchase. 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
Among the oldest and most dependable side hustles is selling second-hand items online. Although you can begin selling your personal items online, the more profitable way to accomplish your income goals is by selling items you purchase at thrift stores, yard sales, and anywhere else you can find second-hand items. The market for vintage-styled 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 hustle to fit your needs. There is a myriad of options to choose from in this big, global, digital world, so never feel as though you are stuck in your 9 to 5. You can pay off those student loan payments faster with one of these amazing side hustles.
