How to make extra $500/mth: 5 Side Hustle ideas I tried & how they worked in reality.

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Published 2022-10-01
Side hustles to make extra $500/mth: do they work?

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Sharing my own personal experiences with trying to make side income with 5 different side hustle ideas & how they worked out for me in terms of 1. how easy it was to start, 2. can one make $500/mth with it & 3. how hard it was to keep that $500/mth coming.

0:00 - Intro
0:44 - Criteria & Rating
1:20 - No. 1
5:17 - No. 2
11:28 - No. 3
14:38 - No. 4
16:27 - No. 5

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📹 Videography & Editing ► Vitaly Voronkov & Jean Voronkova

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Check out why and how i quit my Big Law corporate career ►    • I QUIT my "Great" job after learning ...  

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**Disclaimer: This video is sponsored by Moomoo SG. All views expressed in the video are my independent opinions. The information in this video is purely for informational purposes and should not be relied upon as financial advice. This advertisement has not been reviewed by the Monetary Authority of Singapore. The indicative 7-day annualized yield is derived from the past performance of money market funds on moomoo Cash Plus and should not be viewed as an indicator of future results. The data is accurate as of 24th August 2022 and is derived from the past performance of the money market fund on moomoo Cash Plus and should not be viewed as an indicator of future results. Some of the links provided above are affiliate links meaning I do make a small commission when you purchase using the link. This does not cost you extra. You can also purchase from the brand’s websites so don’t feel obliged to use my link if you don’t want to.

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#sidehustle #sideincome #personalfinance

All Comments (21)
  • @gleecha
    Hi Jean, I stumbled in one of your vlogs and since then I have been binge watching. Your voice is soothing and inspiring. I am in my mid 50s and started doing things I was missing while doing my struggling working years. As you said never too late to start new hobbies and experience. Thank you for igniting my interest and motivating me to just start. Thank you for your content vlogs.
  • @AlfordLau
    Thanks for sharing your experience and assessment on these side businesses. My wife & I started investing in real estate as side hustle 20+ years ago. Our main focus was positive income on each property, we did flips (re-sale) only if the market was fast enough (in Alberta & Saskatchewan, Canada, this has not been a frequent occurrence during the time span). We have been traditional, relying on the model of "buy, improve and rent out". In the first 10 years, net income per property per month was like $100 - $200, but the main money contributor during this period of time was the loan principal pay down ($500+ per property per month, PPPM), which led to a total monetary contribution of $700+ PPPM. Whenever there was a rapid value rising market, we would select our lower income generating property(ies) and sold them for profit and then immediately bought some with higher income potentials. We have experimented with owning single houses, apartment units (condos), entire apartment buildings, retail spaces, residential land and an institutional building. All these were happening while my wife & I were earning modest income in our jobs. Lending policies were more lenient back in time, making it easier when we first started. As time went on, our portfolio of ownership grew and so did our real estate related liability. Banks started to see more us more as contingent liabilities. Luckily, we were able to convince secondary tier financial institutions to finance us based on simple ownership structure, squeaky clean credit history and networth. Somewhere in our second decade of RE investment, we shifted from portfolio growth in quantity to rapid loan pay down/off on what we owned. And this shift improved the quality of our lives a lot. From that time onward, we were not under the pressure of cash deficiency constantly. We are planning to move back to Asia and would love to experiment with side hustles as suggested by you and with creative real estate hustles. All the best Jean.
  • @GrowWithWill
    Content creation is a good idea if you're looking for a long term side gig. Although it might take more effort than other side hustles, it'll definitely pay off when you start to build up an audience. Thanks for this!
  • @svetla1star
    Hi Jean. I love your energy in your videos. So calm and joyful and such valuable content and you’re so pretty!
  • @1love847
    I feel so good just watching your videos. ........thank you.
  • @goldfries
    First month getting few hundred is fantastic. Most people have problem reaching that 1000 subscribers and 4000 watch hours, I have friends who spent a lot and still haven't reach that 4000 watch hours. Others who first get monetized, they'll take a long while before getting a payment as they take time to reach payment threshold. Basically it depends on topic. One thing I like about your channel and see why you can earn, is that your sharing of your stay in Bali and all, it's really interesting and can be appreciated by many. 👏 And you're right about stability, I get A LOT more during the time of pandemic.
  • @markchan6923
    Hi Jean. Thumbs up! I believe in multiple source of income too. Keep d vids coming. Thanks
  • Hello Jean, I am also looking out for suitable side hustle since I have aome time! Great coverage! Thanks for the honest reviews!
  • @RanaYogaVibes
    Dear Jean, thanks for sharing your personel experience with all these details in such a sincere and cllear manner. I m taking down notes when watching your videos.🙏💙🙏
  • @asharaju4169
    your speaking skills are just crystal clear.....Jean, I would be very thankful to you if you help me in advising on how actually to improve mine as good as yours...TIA.... Your videos are really motivating me....