Most people get out of debt by spending smarter, but I just work harder. Although I'm not so sure that's a good thing...
By 2021, I had already been out of high school for 3 years with a good paying job, a new house, and a nice truck. I know to the average person that would sound like I was doing pretty good in life, but actually it was quite the opposite. The only reason I had what I did was because I took on an overwhelming amount of debt and I was just barely living paycheck to paycheck. While I was surviving like this at the time I knew that there was no way I could make it long term doing this. I would assume most people would rather cut back on spending, sell anything they don't use, and build up a savings to get rid of their debt. I had a problem with that though. I wanted to keep everything I already had, but i wanted to pull myself out of debt and stop living paycheck to paycheck. The only way I could figure out how to achieve this was by starting some side hustles.
I've tried many different side hustles to boost my bank account but in this post I'm just going to go over the few that I continue to do up to this day.
Making and Selling Custom Clothing
For the past several years I had been interested in starting my own brand of workout apparel. After a lot of research and work this lead to me start my brand Stout Ox with a few of my friends. This turned out to be more or less a money pit as we put pretty much everything we earn right back into the business, but through this I was able to learn how to design and manufacture custom clothing on my own. Now that I have bought all the equipment to do so and have a broad customer base, this side hustle allows me to bring in roughly an extra $400 to $500 a week.
2. Personal Training
Since I was 14 years old I have been working out on and off. When I turned 17 something clicked and I decided I was going to become as muscular as humanly possible. Now I didn't know what all it took to get this way but it lead me down a rabbit hole of research into bodybuilding, power lifting, weight training, and cardio. Through a few years of research and working out I was able to develop quite a bit of knowledge on these topics. Then my friends started paying me to write them workout plans, nutrition plans, and even to train them in the gym. I have now been personal training for a year and it brings me in roughly an extra $300 per week.
3. Freelance Work
As I talked about in my previous post, I have a tendency to get obsessed with something and study every aspect of it. This has lead me to develop skills as a graphic designer, web developer, and video editor. With these skills I have been able to get freelance work here and there whenever I need extra money. I edit wedding videos, build websites for people, and make designs and logos for small business. I don't have any contracts setup to do this kind of work and I really only seek it out when I need extra money to do something, but through this I bring in roughly an extra 5 to 10 thousand dollars a year.
These are just my top three side hustles that I use for extra money. In the future I will give the full list of everything that I have tried and what my exact thoughts on them are. I will also make post about what I do with this extra income. Spoiler Alert, I invest it...