ilmscore | The 10 BEST Side Hustles - How I Make $10,000 / Month

The 10 BEST Side Hustles - How I Make $10,000 / Month

Predictions from this Video

Total: 9
Correct: 0
Incorrect: 0
Pending: 9
Unrated: 0
Prediction
Topic
Status
Average dividend yields for different sectors are 4.1% for financial, 3.9% for utility, and 2.2% for consumer goods, healthcare, and industrial companies.
"As a few examples, it's reported that the average dividend in the financial sector is 4.1%. Utility companies pay about 3.9% and others like consumer goods, healthcare, and industrial pay about 2.2%."
Dividend Income
Pending
Long-term capital gains tax rates are generally lower than unqualified capital gains tax rates.
"Not only that, but the capital gains tax rate is generally much lower on investments that you've held longer than a year than on unqualified capital gains."
Capital Gains Tax
Pending
Renting out an extra bedroom on Airbnb can generate $100 per night, and renting out garage space can yield $200 to $500 per month.
"My own podcast co-host, Jack, just recently put up an extra one of his bedrooms on Airbnb to make some extra money. And he wound up making an extra $100 a night just for taking on the occasional guest. I've also seen people rent out a portion of their entire garage for anywhere from $200 to $500 a month"
Rental Income
Pending
Subleasing bedrooms in a rented house for $1,500 each can result in a free place to stay if the original rent for a 4-5 bedroom house is $4,000 per month.
"I've had so many friends rent out a four to fivebedroom house for $4,000 a month, only to sublease those bedrooms for $1,500 a month each, giving them a free place to stay."
Subleasing Rental Properties
Pending
There are a high number of job openings, giving individuals more leverage in the job market.
"And with record high job openings, chances are you have more leverage than you think."
Job Market
Pending
Free items such as a leather couch, coffee maker, or even a grand piano can be found and potentially resold for profit.
"For example, here's a leather couch for free. Here's a coffee maker perfect for coffee now for sale at bankroll coffee.com for free. Here's a literal grand piano, the same manufacturer that I paid $16,000 for for free."
Flipping Free Items
Pending
Credit card sign-up bonuses can range from $100-$300, with high-end cards offering $1,500 or more.
"Generally, these offers range anywhere from $100 to $300 on the low end all the way up to $1,500 or more for some of the high-end luxury credit cards."
Credit Card Bonuses
Pending
Credit card churning can generate $100 to $500 per month with 10-30 minutes of work, and has enabled free travel for over 10 years.
"This is something that I've been doing now for over 10 years, and it's allowed me to travel anywhere I want to go for free. And as a side hustle, this is something that could easily make you anywhere from $100 to $500 a month for probably 10 to 30 minutes worth of work."
Credit Card Churning Earnings
Pending
Skills such as playing the piano, tutoring in academic subjects, or YouTube consulting can be monetized into side businesses.
"For example, if you're good at playing the piano, look into giving piano lessons. Or if you're good at math, English, science, history, look into becoming a tutor. Or you could do what I've done from time to time, which is do YouTube consulting in terms of growing other people's channels."
Monetizing Skills
Pending