Passive incomes and side hustles are a very crucial part of finance, especially for a student. If you’re in college or just got out of it, it is always beneficial to have a source of income that isn’t your monthly allowance from your parents. A student could also opt for a job, but it may not fit into the schedule of a busy student, or they may not have enough experience or knowledge to actually start a career. This is where side hustles come in handy, and help students learn practically in the real world, while also making some money.
The obvious benefit of side hustles is the extra money in your pocket, but there are other advantages than just financial independence and stability. It is also about building a professional network circle outside of your college campus, or your existing contacts. It is a step into the real world and helps you use your skills and hobbies in a way that you can benefit from them. Not only do you learn to use your skills, but you also develop new skills and perhaps even improve your existing skillsets.
So here are a few side hustles that you can look into, some are quite generic and don’t necessarily need a specific skill set, and on the other hand, there are a few that may cater to your hobbies and interests if you’re interested in making money out of them.
Tutoring
Home tuitions are one of the easiest ways to earn some money on the side. You can tutor children in lower grades and teach basic subjects like Maths, Science, and English. This won’t require much of your time in terms of learning their syllabus and will also give you a break from your own studies. You can either ask around in your own area or opt for online tutoring as well.
Online Surveys
There is a huge market for online surveys and this is because companies love market data. All you have to do is register yourself and take online market surveys which will give you points that can be redeemed in the form of actual money. Do some research on the options available and you can find a lot of opportunities.
Freelancing Make-Up Artist / Mehendi Artist
A lot of people have an elevated interest in make-up, and this can easily be utilized as a great side hustle. Even mehendi artists sometimes start out as freelancers, out of a hobby. You can start out at a small scale and do it for friends and family, and if it is successful, you can look into big events as well.
Pet Sitting / Dog Walking
One of the easiest side hustles, you can ask around in your area and volunteer for pet-sitting if anyone needs it, and you can even walk your neighbor’s dog or anybody’s dog, for that matter. Start out slow and small because handling pets can sometimes be difficult and risky, and once you get a hang of it, you can expand your area.
Get Into The Stock Market
As a student, you only get a limited amount of money for the month and you can’t realistically put away some of it for long-term savings. However, the stock market is a great way to increase your cash flow, and also improve your knowledge about the stock market. Although, it is very important to do research and know the stock market really well before putting in any money, so it may take a little time to perfect. Again, research is your best friend.
These are only a few of the many side hustles available for students out there. It’s all about utilizing your skills, hobbies, and interests in a way to make some money out of it.
