Figuring out how to make $1,000 a day sounds like a lofty goal — one that equates to $365,000 per year. It might be difficult to find a single source of that much extra money unless you’re a doctor or CEO.
But a high-paying job isn’t the only path to this kind of money. The right mixture of hustle, creativity, and financial opportunities can help you get more money coming in.
One smart strategy if your goal is to make $1,000 a day is “stacking” your efforts. Specifically, combining your income opportunities with other smart, money-generating and money-saving moves that help you grow wealth.
Here’s a look at how stacking side hustles and other money moves can help you quickly scale your income.
How to stack your side hustles
You’re likely familiar with active income: you actively perform work and are compensated for your effort. Active income might get you a steady paycheck, but most people won’t make $1,000 a day from their jobs alone.
That’s where passive income can come in. This is income you earn with no effort or direct work. A common form of passive income is returns and dividends earned on investments. Adding in additional sources of passive income gives you the opportunity to grow your income without increasing the amount of time you spend working each week.
So you can “stack” your way to higher income by having a day job to pay the bills, a side hustle that earns you extra income, and at least one source of passive income. Plus, you can take these earnings even further by adding in smart financial choices, such as limiting your expenses and shopping smarter.
Stacking side hustles, income opportunities, and financial strategies can be tricky. It’s not always obvious which income sources and strategies will combine well. And you’ll also need to devote attention to establishing each layer of your stack to optimize it and get the whole package working well together.
To find what will work best for you, explore your options and experiment with a side hustle stack that seems like it will fit your goals, skills, and lifestyle. To get you started, here are some smart side hustle stacks we came up with.
1. The delivery courier stack
This three-step side hustle stack starts with signing up to be a courier with Postmates. You can do so by downloading the Postmates Fleet app and signing up for the program. Postmates will send you startup gear, such as a delivery bag and a prepaid card. Once you’re on board, you can hop onto the Postmates app to find delivery requests and complete them. You’ll earn money to shop, buy food, and deliver orders.
Now for the next level of this stack: the Drop app. This app offers you rewards for shopping with or buying from partners such as Uber, Apple, and even Postmates. You can earn Drop rewards when you’re out running Postmates deliveries and redeem them for gift cards to Amazon, Netflix, and more.
The final level helps you take your earnings from Postmates and savings from the Drop app — and use them to start generating passive income. Specifically, you can funnel your extra funds into real estate investment platform Fundrise. With Fundrise, you can invest money into a wide range of real estate projects, and build a real estate investment portfolio with few barriers or costs. As properties in your portfolio increase in value, your returns will increase as well.
Sign up for this side hustle stack:
2. The paid surveys stack
This next income stack is centered on getting paid to share your opinion — then saving money freed up by these rewards.
Survey Junkie offers a rewards program that provides participants with gift cards to major retailers like Amazon or Target, or with cash deposited to a PayPal account. Inbox Dollars provides cash for completing surveys as well as rewards for other actions such as watching videos or shopping online through Inbox Dollars offers.
You can then use your cash and cards earned through these programs for everyday expenses and purchases. As you do so, it can generate more wiggle room in your budget.
That’s where the second step of this stack comes in, with the savings app Digit. Digit connects with your bank account and analyzes your cash flow, making the most of “extra” money in your budget. It then captures “found money” or cash that won’t be missed, and automatically moves it to a savings account.
Sign up for the survey stack:
3. The grocery savings stack
Next is a three-step stack that starts with earning some extra cash through delivering groceries for Instacart. This grocery delivery service works with shoppers to get groceries selected, purchased, and delivered to customers. That means, you can shop and deliver orders — and earn extra money while doing it, which often includes a tip from the customer.
You’ll pay for orders with an Instacart credit card, but you’ll get the grocery store receipts. And you can get something out of those with Fetch Rewards. Upload an image of a receipt to Fetch, and it scans the receipt and rewards you with points. You can then redeem rewards for gift cards to a wide range of retailers.
The final step in this stack is to take the money you’re earning with Instacart or saving with your Fetch rewards, and invest with Stash. This app provides banking, saving, and investing options all in one place. Specifically, Stash offers a personal investment account through which you can buy stocks, bonds, and funds (ETFs). You can invest with as little as $5 and the beginner account costs just $1 per month.
Sign up for the grocery savings stack:
If you’re interested in learning how to make $1,000 a day, you can get started today. It might take some time to grow your efforts to that level of earnings. But if you start now and leverage your extra earnings to invest, save, and grow your wealth, you’ll give yourself a head start.
Our side hustle stacks listed above are great examples of how you can build income on top of your day job. But the possibilities don’t end there. You can create your own stack that sounds most exciting to you.
The formula for making $1,000 a day is simple:
- Keep working that day job
- Find a side hustle that will generate some extra income
- Identify additional ways to save or get rewards
- Use the extra money you earn to invest and generate passive income
With some consistent effort, you can build a system for yourself to earn extra money through side hustles, save more of what you earn, and put that money to work growing for you. $1,000 a day is in your future!