17 Realistic Ways to Make $10k a Month in 2024 Real-Life Examples

However, earning that kind of money may seem like a longshot given the current times. People are willing to pay to get guidance and knowledge on particular things. Each earning capacity is dependent on your level of experience, qualifications, skills, and so on. So if you want to earn higher, you should add more skills to your portfolio. This type involves partnering up with other businesses to advertise on their platform. These businesses would help promote your business (product or service).

Social media managers are responsible for creating content for a company’s social media channels. They are also responsible for managing the page’s performance and engaging with people in comments and direct messages. Affiliate marketing is when brands pay influencers to promote their products on their channels and even pay them a commission when their followers make a purchase.

• If you’re not a full-time freelancer, it’s hard to accrue enough billable hours to reach $10K a month.
• If the expected yield is 6%, then you would need to invest $2,000,000 to bring in $10k a month in investment income.
• You want money, you want ways to earn more income and hasten your journey to financial freedom.
• Earning $10,000 a month isn’t easy, despite what a lot of these “internet marketing” types would have you believe.

The good news is that many large brokerage companies reduced their trade commissions to $0. You can now buy shares in smaller blocks without losing money to the fees. Fortunately, there are 3 common dividend payment patterns that many quarterly stocks follow.

As your money grows, you can branch out into a regular brokerage account. If you want this 10% return to equal $120,000 (or $10k a month), it’s going to take some serious upfront cash. You’ll need a minimum of $1.2 million to earn this kind of pay. What I can tell you with certainty is — if you’re not investing in anything, you’re missing out on passive money-making opportunities.

How to make 10k a month in 2024 11 Realistic ways

Full-stack developers are a treasure to the web developing industry. They deal with the non-visual part of the web, i.e the background aspect such as writing codes and requests for fetching data from the database. Front-end developers specialize in the visual part of the website, i.e the part the users interact with. They are responsible for building and designing the features, layout, and appearance of websites. As a web developer, you will need to know how to keep track of your codes, store your work and easily collaborate with others when the need arises.

Not that this is going to be an easy find, but it’s the most logical if you only have one source of income. Look for industries that pay well, and consider going back to school or getting certifications that will make you more marketable. Due to the growth of smartphones, social media is at an all-time high. As of 2021, there are currently about 3.78 billion social media users around the importance of a bitcoin wallet the world.

A lot of businesses would pay heavily to have the problem solved. Every business needs to make more sales and to effectively do that, the skills of sales and business development are a necessity. Being able to sell and close deals is one of the most important skills in the world of business. Now, we have seen how to make fast money with high-income skills. Advertise your online course on different social media platforms like Twitter, Instagram, LinkedIn, you can also advertise on your blog (if you have one), via email, and so on.

Start A Digital Agency

To qualify for the payment you need to own your shares prior to the date. Next, take a closer look at your budget for opportunities to reduce your expenses so you can use that money to invest instead. To keep this example simple, all the math below will assume a 3% dividend yield. Hiatus has partnered with CardRatings for our coverage of credit card products. Hiatus and CardRatings may receive a commission from card issuers.

Start a Web Development Business

This skill refers to the ability to relay financial information clearly to your clients and other team members. As a freelancer, you would have to communicate clear information gotten from your research to your clients via email or video calls. Imagine if you are talking in intense financial jargon that your clients cannot understand at all. Working in these fields come with its perks, but it requires you to have certain skills.

Productize Your High-Income Skills into an Online Course

In most online job sites, you would find them under the “Writing and Translations” category. Honestly, these skills are very important in running a business. That is why the need for financial professionals is what is ci cd continuous integration and continuous delivery explained on the rise. Due to the inflation rate, business owners want to know how to stay financially afloat. To do that, they need the help of financial professionals who would help analyze financial data reports and handle all financial documents.

Do you have writing skills and/or something you’ve always wanted to talk about? Starting a blog can be a great way to make money on the side. You can write about pretty much anything on a blog, and the startup costs are low. 🪙 Plus, you can write your blog from anywhere—so this is a great business idea for aspiring digital nomads.

Of course, when you have how.to trade cryptocurrency people like Jeff Bezos who’re worth billions, that number may seem small. I would consider $10k a month to be rich, but some people may not. Lawyers can earn anywhere from $59,000 to $252,000 a year! As a lawyer, you represent individuals, businesses, and government agencies with legal issues and disputes. Back in 2018, Amy Schumer signed a podcasting deal with Spotify for $1 million. Computer and information systems managers earn anywhere from $110,000 to $270,000 a year.

Just like the name goes, businesses are required to pay a fee whenever someone clicks on their ad. It means that you are buying visits to your site, so they appear at the very top of the search engine results page (SERP). SEO experts use research analysis to understand the needs of the target audience and craft out ads and contents that will improve the website ranking. Deal-makers are creative problem-solvers, as a deal-maker, you should be creative and flexible.