The 13 BEST Side Hustles To Start (at EVERY AGE)

Summary

Mark shares insights on how side hustles can significantly boost your financial growth at any age, from 13 to 30+. He discusses various side hustles that require little to no investment, including washing cars, selling candy, tutoring, drop-shipping, and digital marketing. Mark emphasizes the importance of gaining valuable skills and investing wisely. As you grow older, he suggests shifting focus to passive income sources like real estate and coaching. By following these steps, he claims you can achieve financial freedom, with your side hustles earning more than your day job.

Takeaways

• 😀 Side hustles can significantly increase your savings and investment potential beyond a typical 9-to-5 job.
• 💼 At ages 13-16, aim to make $50 to $150 per month with low-cost side hustles like car washing, selling candy at school, or offering services like driveway cleaning.
• 🚀 Try multiple side hustles when you're young to figure out what you enjoy, and don’t worry too much about mistakes – they are learning opportunities.
• 📚 At ages 16-18, aim to make $250 to $400 per month through tutoring, offering specialized skills like flying model helicopters, or trying drop-shipping to learn business skills.
• 💡 Drop-shipping might not make you rich, but it can teach you valuable digital marketing and business skills that are essential in today’s market.
• 💻 From ages 18-29, focus on your 'genius zone' to earn $800 to $1.2k per month. Consider scaling up by using the skills you’ve developed, such as offering social media marketing services to businesses.
• 📈 Start investing early with side hustle income. Even $250 per month in a low-cost index fund can grow to over $1.1 million by the time you're 65.
• 🏠 House hacking is a great side hustle in your 20s. Buying a duplex and renting out one side can significantly reduce living expenses and increase your net worth.
• 💰 At 30+, focus on creating more passive income streams, such as rental properties and coaching. The goal is to make money work for you, giving you more free time.
• 🎯 As you advance through side hustles, you'll gain skills, assets, and investments that will eventually surpass your day job income, allowing for financial freedom.

Q & A

What does Mark credit for helping him become successful?

Mark credits his success to the extra jobs and side hustles he did from a young age. These side hustles allowed him to save and invest more than he could from a regular 9 to 5 job.

Why does Mark believe it's important to start side hustles at a young age?

Mark believes starting side hustles at a young age is important because it allows you to try different things, learn from mistakes, and develop skills without significant financial risk, as young people usually have more time than money.

What was Mark's first side hustle, and how much did he charge?

Mark's first side hustle was washing cars at age 14. He charged $2 per car and $1 for a second car. The start-up costs were low, making it a profitable venture.

What creative side hustle did Mark pursue in school?

Mark sold candy at school, a side hustle inspired by one of his car-washing customers who worked for a chocolate company. He sold the candy he received as tips, which proved to be highly profitable at school.

What financial target does Mark recommend for individuals aged 13 to 16?

Mark recommends a financial target of $50 to $150 per month for individuals aged 13 to 16, emphasizing that it's a benchmark and earning more means they're ahead of where he was at that age.

What side hustle does Mark recommend for people between the ages of 16 and 18, and why?

Mark suggests becoming a tutor as a great side hustle for people aged 16 to 18. Tutoring allows you to earn around $20 per hour by teaching others a skill you are good at, not necessarily limited to school subjects.

Why does Mark suggest drop-shipping as a learning tool despite its low profitability?

Mark recommends drop-shipping as a learning tool because, although the profits are low and it's highly competitive, it provides valuable experience in running a business, developing digital marketing skills, and understanding e-commerce, which are critical for future success.

What is house hacking, and why does Mark recommend it for people in their twenties?

House hacking involves buying a duplex, living in one half, and renting out the other to cover most of the mortgage. Mark recommends this as a way to increase net worth quickly in your twenties while investing money that would otherwise go to rent.

What does Mark mean by working in your 'genius zone' during your twenties?

Working in your 'genius zone' means focusing on the skills you've mastered over time and leveraging them to maximize your earnings. This is a critical strategy for increasing income and pursuing higher-level side hustles in your twenties.

What is Mark’s strategy for earning more passive income after turning 30?

After turning 30, Mark's strategy for earning more passive income focuses on property investment. He invests in rental properties, which provide long-term passive income, and shifts his focus to valuing time over money by creating systems for passive earnings.