Making $1000 is a day might sound unfeasible for those of us earning average salaries. After all, $1000 a day is $365,000 in a year, a very high income. It’s an ambitious goal, but a little ambition never hurt anyone right? Here are a few ideas for how to make $1000 in one day.
It’s important to acknowledge that getting to the point where you can make $1000 every day takes time. You probably won’t be able to read this article and cash out that 1k by the end of the day.
One of the best ways to make $1000 is to build up streams of passive income. Passive income is income that comes to you without you having to actively trade time for it. Something like rental income, or affiliate income on a blog, is an example of passive income.
What kind of passive income streams can generate $1000 a day? truthfully, very few. Say you have a rental property- you might be able to make $1000 in passive income in a month.
All that means is that the more passive income streams you have, the more likely you are to make $1000 in a day. You can earn money from rental properties, blogs, dividend stocks, selling online products or photos, or cashback rewards on credit cards.
Which income stream is right for you is up to you to decide. And often, these do require upfront work before they start producing at a high rate. The moral is, the more passive streams you can get going, the less work you have to do to earn that $1000. It’ll eventually just come to you on its own!
Make $1000 in One Day With Crowdfunding
Something I think is interesting is the personal finance world’s focus on earning money. There is always the possibility of simply receiving $1000 a day.
If you need that money for a project that you want to bring to life, you can ‘make’ $1000 in one day through raising money. For example, a venture capitalist might back your product or website and give you an investment that breaks down to $1000 a day.
Or you might crowdfund your financial needs and set a daily goal of $1000. Sites like Kickstarter or Indiegogo are the big names is crowdfunding. With the right video and pitch, you can make $1000 a day through raising the money.
Land a High-Paying Job
I think the best way to reach a point where you make $1000 a day is either to pursue high paying jobs in competitive fields or to start your own business.
If you become a corporate lawyer or an orthopedic surgeon, you’ve amassed valuable skills that will always be in demand. The base pay levels for positions like these are in the many thousands of dollars. You’ve placed yourself in a position (after years of school) to be a high earner for years.
Starting your own business also offers limitless potential for your earnings. With dedication and by meeting a real demand, your business can skyrocket. You can make $1000 in one day if you provide real value to your customers and build a following. Again, this takes time, but you see people doing it all the time.
What do you think is the best way to make $1000 in one day?
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Kara Perez is the original founder of From Frugal To Free. She is a money expert, speaker and founder of Bravely Go, a feminist financial education company. Her work has been featured on NPR, Business Insider, Forbes, and Elite Daily.