Being 20 is cool! You’re probably around your early twenties, which means you might be becoming an adult, trying to figure out careers or possibly not. But on most counts, people around this age would want to make money. And although you probably don’t have professional experience yet, there are many ways to earn money that don’t involve having years of professional experience. In moneywisepathway.com, we are sharing general ideas of how you can start earning at 20.
1. Start a Part-Time Job or Internship
Probably one of the best ways to earn money is finding part-time work. Retail, customer service, or internships in your field are some of the different types of job opportunities that’ll bring you money while allowing you to gain experience. If you’re unsure where to begin, use websites like LinkedIn or Indeed to search out opportunities that fit your schedule and interests. Remember, an internship can be a good way to gain industry knowledge, potentially benefiting you in the long run.
2. Offer freelance services
For instance, if you happen to be great with writings, graphic design, coding or social media managing, you can offer your skills as a freelancer. Many companies, small businesses, and firms are on the lookout for freelance help, and the flexibility can make it an extremely attractive option for students or young adults. You can avail Fiverr, Upwork, or maybe contact some local businesses in order to open new doors. Building such a client base does take time, though; consistency is the key!
Learn how side hustles can make big money here on moneywisepathway.com.
3. Online Product Selling
Perhaps there is a hobby or talent of some sort to produce things? Maybe it’s art, handmade goods, or even upcycled thrifted items. Selling online through platforms like Etsy or eBay may be a good option. If you want to learn more about how people turn their hobbies into profit, we have a general guide over at moneywisepathway.com you may want to check out!
4. Be a Tutor or Teach Skills
Tutoring could be an awesome side hustle if you do really well in a particular subject, like math, science, or languages, because of course, doing well helps others. You can start on Chegg and TutorMe, among other online platforms. Similar stuff, also, if you have some talent for playing an instrument, coding, or even video editing – you can teach, coach, or otherwise guide beginners in getting started. And the best thing about this? You set your hours and rates.
5. Gig Economy Join the gig economy.
Gig economy has exploded and provides apps to make money on demand while working flexibly with Uber, Lyft, DoorDash, or Instacart. If you have a car and free time, then begin raking it in by delivering food, driving, or even odd jobs through TaskRabbit. While these jobs won’t make you wealthy, these are some instant and effortless ways to earn extra cash. And, of course, add gas and maintenance cost if you have to drive for most of your gigs.
6. Invest in Learning Skills
Then at 20, investment in the self is as important as making some money. Take online courses on topics of interest and skill-building, affordable ones that can lead to high-paying jobs or freelance money-making opportunities down the road. Platforms such as Coursera, Udemy, even YouTube, have a lot to choose from in terms of topics that will help boost potential in making money in the future.
For more on how to learn and grow your money, see our article on ways of building your expertise over time.
7. Learn Social Media and How to Create Content
If you are really passionate about a niche and enjoy going in front of a camera, then maybe social sites like YouTube, TikTok, or Instagram can generate some nice income for you. And taking time to build up a following, many young creators have discovered that they could make their passions financially sustainable by using brand partnerships, sponsored content, and affiliate marketing.
If you want to understand how influencers make money, check out our general information on how influencers are growing in today’s digital age at moneywisepathway.com.
8. Rent Out Your Belongings
Want to be part of this sharing economy? Well, have a car, a room, or even equipment like a camera? You can rent out things you own for money. For renting space, there is Airbnb. For renting your car, there’s Turo. Just make sure you do your homework and ensure you don’t expose yourself to too much risk or liability.
Final Conclusion
Making money at 20 years old may seem daunting, but there are plenty of options. Consider part-time work, freelancing, or even the gig economy. These options can easily become a part of your lifestyle and goals. Just remember that moneywisepathway.com only provides general insights, and it is always prudent to do more research or seek advice from professionals before making any major financial decision.
To learn more general ways to manage your money or come up with new ideas about making money, continue exploring moneywisepathway.com!
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