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 is just one of the ways to make money like that. The right mixture of hustle, creativity, and financial opportunities can help you figure out how to make money like a boss.
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.
Find legit ways to make extra cash locally in just 5 minutes or less!
Find legit ways to make extra cash locally in just 5 minutes or less!
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 UberEats. You can do so by downloading the UberEats app and signing up for the program. Once you sign up to be a delivery driver, you'll consent to a background screening and upload pertinent documents to the app to get started. Once your delivery driver account has been activated, you can start receiving requests. Easy!
Now for the next level of this stack: the Fetch app. This app offers you rewards for submitting receipts, purchasing items from participating brands, and buying specific products. You can earn Fetch points when you upload shopping receipts and then redeem those points for all kinds of products, Mastercard or Visa gift cards, travel purchases, or charity donations.
The final level helps you take your earnings from UberEats and savings from the Fetch app — and use them to start generating passive income. Specifically, you can funnel your extra funds into the investment app Stash. With Stash, you can easily invest your money with few barriers or costs. Seamlessly build a portfolio of stocks, bonds, and ETFs with personalized financial guidance. You can start investing with just $1.
Sign up for this side hustle stack:
Find a side hustle that could add $1000s to your income
Imagine having an extra $5,000 in income this year. What would you do with it? You could pay off bills, slash your debt, and maybe even take a much-needed vacation. And having a few extra thousand in the bank could make it a reality.
Luckily, it’s not that hard to achieve.
While there are plenty of ways to add extra cash to your bank account, one of the best ways is taking on a side hustle. But with all the junk and scams out there, how do you know which opportunities are legit? And how do you know which side hustle can help you earn real money?
FinanceBuzz has you covered. We make it easy for you to get matched with the perfect side hustle that can match your skills, needs, and available time. Stop wasting hours on side hustles that don’t work out — just answer a few questions and in less than 60 seconds, we’ll match you with the perfect side hustle that could help you earn some serious cash on the side.
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 Rocket Money. Rocket Money is an all-in-one spending app that can help lower your monthly bills, including phone, internet, and cable bills. Rocket Money can monitor and cancel subscriptions you no longer use, request refunds on your behalf, and and help you manage a budget. Rocket Money saves users an average of $720 per year!
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:
How can you make an extra $1,000 a day fast?
If you stack certain side hustles, or do multiple side hustles at the same time, it’s possible to make a lot of money without having a full-time job with a huge income.
Here are a few options to get started:
- Deliver food with DoorDash
- Dog sit and dog walk with Rover
- Do projects on HomeAdvisor
- Resell on eBay
- Sell your own products on Etsy
- Start freelance writing for blogs
- Create an online course
- Build a podcast following
- Learn how to do affiliate marketing
- Monetize your social media following
- Work from home as a virtual assistant
- Pick up gigs on Fiverr
- Make an online business
What are the best ways to make extra money online?
If you want to make extra money online, consider these options:
- Share your opinions
- Resell on Amazon
- Start blogging
- Do affiliate marketing
- Write freelance articles
- Take online surveys with Survey Junkie
- Start a Shopify store
- Build a following as an influencer
- Create and sell an online course
- Find side jobs on Fiverr or Upwork
- Become a streamer
- Work as a virtual assistant
- Sell photography
- Run a podcast
- Sell on eBay
Is it possible to make money as a blogger or podcaster?
Yes, it’s possible to make real money (and good money) as a blogger or podcaster. A lot of people use their blogging or podcasting platforms to earn a living or make money as a side hustle. But it’s not always easy and can take time to gain popularity.
A little know-how about how bloggers and podcasters make money can go a long way. This knowledge is best gained by researching popular people in these industries and then getting started yourself. You’ll become more experienced the longer you stay at it.
Keep in mind you won’t typically make money fast or earn quick cash from blogging or podcasting unless your content goes viral and you maintain your popularity over time.
How do you get started as a freelancer?
Getting started as a freelancer depends on what kind of freelancing you want to do. But whether it’s freelance writing, freelance photography, or something else, you’ll likely need to have some experience first.
Unless it’s an entry-level role, employers want to see that you know how to do what the job requires. Your work, such as photos or writing examples, can be showcased in an easily accessible online portfolio. This helps recruiters see what you’re capable of when you’re applying for different positions.
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 to make money 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 step-by-step 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!