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This is an smart list of things that anyone can do, today, in order to make make money through side hustles to pay off student loans quickly.
Student loan debt is a rapidly increasing figure, year after year.
With the fee and tuition's increasing all the time there are more students who carry the burden of student loans.
Over the past few years, the number of students getting student loans to fund their education has increased by 70%.
This means that more than 70% of students graduate owing an exceptional amount of student loan debt to the following top student loan companies:
Paying off student loans quickly
If you are planning to pay off your student loan debt ahead of schedule, it is a good goal to have.
I personally paid off $30,000 worth of student loans in under 12 months. I attribute some of that to having smart side hustles like finding ways to get free money and flipping items for a profit.
For many students paying off this debt early and being free of student loan debt in record time is a huge relief.
However, we all know that the ability to pay off student loans depends on having discretionary income.
Discretionary income: It is the money that is left over from a paycheck, after covering all the basic expenses of life.
How can you figure out a way to earn more discretionary income?
Let's get started!
Best side hustles to pay off student loans
Here we have a few side hustles that can help you pay off your student loan quickly.
1. Sell your old tech and get paid instantly
As a student, most of us are tech-savvy. We love to invest in all the latest gadgets that are available online just to experience what they can do.
However, most of the gadgets become useless and we end up not needing them anymore.
There is no need to keep this clutter with you when you can sell all the useless gadgets for a decent amount of extra money to help pay off your student loans.
2. Invest like a millionaire… but with $500
Wouldn’t it be great if you could invest in commercial real estate and apartments without dealing with all the hassle of buying, improving, and re-selling real estate?
You don’t have to be a millionaire to invest in these types of properties. You can now invest in large-scale real estate for as little as $500 with Fundrise.
Through their real estate investment products, investors earned an average of 8 – 11 percent on their money last year, and all without painting a wall or dealing with unruly tenants.
|Tip: If you looking for a detailed review, you can check out this honest Fundrise Review|
There is a reason why they currently have over 200,000+ users, this app really pays you!
If you’re interested, I recommend you sign up for more information from Fundrise by clicking here.
3. Make money the easy way with online surveys
If you do not have anything to sell or extra money that you can invest, do not worry because you can take online surveys for easy money.
- There are many online survey sites that will pay you for taking the surveys.
- There will be small questionnaires that you will have to complete.
- The more surveys you can take within a day the more you will earn.
Here are some of the best options for you if you wanted to try taking surveys for money:
4. Make $1,500/mo with a spare room
In case you have an extra room in your fairly priced Houston, Texas apartment you are lucky because you can use this opportunity to generate some extra income.
Just post the add about free space on Airbnb and you will start getting requests.
Rent the free space and you will make enough income that will allow you to pay off your student loans quickly.
Yup, it’s true! This can net you over $1,500+ a month just by listing your spare room just a few nights out of the month.
Are you interested in seeing what your income potential could be by listing a spare room on Airbnb?
See how much people are making from listings in your area, then make your own!
5. Make cash with your car (Uber and Turo)
There are many students who have their own car but not enough time to use it because they are busy with their work.
Did you know that you can use your car to make you extra money?
Use the services of Uber to drive people from one destination to another according to your schedule and you can make some extra money and be your own boss.
If you do not have time to drive let others use your car by advertising it on Turo and they will pay you to rent out your car when you're not using it.
Side hustles to pay off student loans
This is an exhaustive list of things that anyone can do, today, in order to make money through the best side hustles I’ve found.
Select the side hustle you are most comfortable with. It will allow you to get rid of your student loans quickly and you will generate some extra income.
Have you used side hustles to pay off student loan debt? Which ones have worked out well for you?
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