7 Side Hustles Students Can Start In 2024
Mark Tilbury
24 min, 4 sec
The video dispels the myth that a university degree guarantees wealth and instead advocates for starting side hustles, offering detailed insights into seven side hustle ideas with examples and ratings in different categories.
Summary
- The speaker emphasizes the importance of side hustles for students and others, as relying solely on a degree for wealth is outdated.
- Examples of successful side hustles are presented, such as short-form content creation, investing, Discord management, online coaching, AI animation, luxury item reselling, and online writing.
- Each side hustle is rated on time investment, startup capital required, and the difficulty of earning $1,000 per month.
- The speaker shares personal experiences and provides strategic advice on how to excel in each side hustle.
Chapter 1
The video opens by debunking the common misconception that a university degree ensures high-paying jobs.
- The speaker challenges the idea that university education leads to wealth, a notion ingrained in young people by schools and parents.
- The reality of today's job market doesn't align with this outdated belief.
- While not dismissing the value of education, the speaker stresses the importance of side hustles for financial success.
Chapter 2
The speaker introduces the concept of side hustles as a means to achieve wealth beyond traditional education.
- Side hustles are presented as crucial for students to develop in parallel with their studies.
- The speaker shares his personal journey of not affording university but succeeding with side businesses.
- The upcoming list includes seven side hustle ideas applicable worldwide, with a focus on practical examples rather than generic lists.
Chapter 3
The speaker introduces short-form content creation as a lucrative side hustle, exemplified by a teenager earning significant income.
- Daniel, a 16-year-old, earns half a million dollars a month creating short-form content on Snapchat without showing his face.
- Content creation on social media platforms is lucrative due to competition among platforms for user attention.
- The speaker rates this side hustle highly in terms of time to learn and potential earnings.
Chapter 4
Investing is discussed as a side hustle, with the speaker sharing his own success and strategies in the field.
- Investing, particularly in index funds, is highlighted as a profitable side hustle, with the speaker earning $177,000 per week.
- The speaker encourages a combination of side hustles and investing for financial growth.
- Investment platforms like Trading 212 are recommended for beginners to automate investments.
Chapter 5
The speaker discusses the growing demand for Discord server management as a profitable side hustle.
- Chris, 19, earns $115,000 a month from building and managing Discord servers.
- The speaker explains the potential in Discord server management due to its complexity and the platform's increasing popularity.
- The speaker rates this side hustle favorably, especially for tech-savvy individuals.
Chapter 6
Online coaching is presented as a side hustle that offers freedom and significant income.
- Jack Jefferson is an example of success in online fitness coaching, earning $7,000 a month.
- Online coaching in various fields is a growing industry with high demand.
- The speaker rates online coaching as moderately easy to learn if the coach has a sellable skill.
Chapter 7
AI animation is introduced as a cutting-edge side hustle with significant earning potential.
- Mercy, an animator, earns $8,000 to $110,000 per month using AI tools for animation.
- The speaker emphasizes the importance of early adoption of AI technology for a competitive edge.
- The speaker rates this side hustle as requiring a higher investment in time to learn animation skills.
Chapter 8
Reselling luxury items is highlighted as a side hustle with high profit margins and a global market reach.
- Ben Gallagher's success in reselling luxury items is showcased, with $7.2 million in sales and investment from 'Dragon's Den'.
- The luxury resale market's growth is driven by millennials and social media culture.
- This side hustle is rated as more capital-intensive but with high returns on individual items.
Chapter 9
Online writing is presented as a side hustle that requires minimal financial investment but offers substantial income through skill and networking.
- Adam earns over $10,000 a month as an online writer, focusing on in-demand content rather than fiction.
- The speaker advises on the importance of exclusivity and high-quality service in online writing.
- Writing is considered a difficult skill to master, but with great potential for high hourly rates.
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