Side hustle
Training 545 minutesside hustle ideas
You are 28, a biology teacher earning $2,100. You want an extra $500 a month for savings. Your evenings and Saturdays are free.
Training goal: Find a side hustle that pays well per hour
▶ Play this trainingSituation
1. Options: delivery in your own car, biology tutoring, or reselling flea market finds. No rush, it is a goal for the year.
- Delivery, you can start today
- Tutoring, your skill, $30 an hour
- Reselling, maybe it pays off big
2. The first students arrive. A neighbor offers $20 an hour, while the going rate is $30.
- Take $20, any client is good
- Charge $25 for a trial, then $30
- Turn the neighbor down flat
3. Now you have 6 students, and you are falling asleep in your own classes.
- Take even more, the money is growing
- Cap the hours and raise the price to $35
- Quit the side hustle entirely
4. The side hustle now brings $500 a month. Time to think about taxes.
- Tell no one, the amounts are small
- Spend it all and pay tax "later"
- Check local rules and set aside 20% for tax
What you will learn
- The best side hustle builds on a skill you already have.
- Count your net hourly pay after all costs.
- Cap your hours and set money aside for taxes.
Your real-life step
List three skills people already thank you for. Look up the market hourly rate for each.
Questions and answers
What is the best side hustle?
One that uses a skill you have and needs little money up front: tutoring, design, repairs, writing, bookkeeping.
How much can I make from a side hustle?
Usually $200 to $1,000 a month at 5 to 10 hours a week. Your hourly rate decides it.
Do I have to pay tax on side hustle income?
In almost every country, yes. Check local rules and set aside part of each payment.
More trainings in this module
- Types of income
- Pay stub explained
- How to ask for a raise
- Freelancing
- Invest in yourself
- Salary negotiation
Numbers are illustrative. A game, not financial advice.