7 Side Hustles Students Can Start In 2024

Mark Tilbury

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speaker emphasizes the importance of side hustles for students and others, as relying solely on a degree for wealth is outdated.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 Myth of University Education Guaranteeing Wealth

0:00 - 31 sec

The video opens by debunking the common misconception that a university degree ensures high-paying jobs.

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  • The reality of today's job market doesn't align with this outdated belief.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

Introduction to Side Hustles

0:30 - 37 sec

The speaker introduces the concept of side hustles as a means to achieve wealth beyond traditional education.

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

Side Hustle Idea 1: Faceless Short-Form Content

1:07 - 2 min, 25 sec

The speaker introduces short-form content creation as a lucrative side hustle, exemplified by a teenager earning significant income.

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

Side Hustle Idea 2: Investing

3:32 - 3 min, 9 sec

Investing is discussed as a side hustle, with the speaker sharing his own success and strategies in the field.

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

Side Hustle Idea 3: Discord Management

6:41 - 3 min, 58 sec

The speaker discusses the growing demand for Discord server management as a profitable side hustle.

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

Side Hustle Idea 4: Online Coaching

10:39 - 2 min, 47 sec

Online coaching is presented as a side hustle that offers freedom and significant income.

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

Side Hustle Idea 5: AI Animation

13:27 - 3 min, 19 sec

AI animation is introduced as a cutting-edge side hustle with significant earning potential.

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

Side Hustle Idea 6: Reselling Luxury Items

16:46 - 3 min, 13 sec

Reselling luxury items is highlighted as a side hustle with high profit margins and a global market reach.

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

Side Hustle Idea 7: Online Writing

19:59 - 3 min, 58 sec

Online writing is presented as a side hustle that requires minimal financial investment but offers substantial income through skill and networking.

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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