hi guys it's mark if i had to pin down one thing that really helped me become successful then it would have been all the little extra jobs i did on the side from when i was a teenager and even through to today having a side hustle helped me to have extra money on top of my normal job and that allowed me to save and invest a lot more money than would have been possible from just a nine to five job but deciding what size hustles are the right one for you can be tricky i mean there's just so many options out there that's why today i'm going to run through some of my favorite ways you can make some extra money at every age i'm also going to share with you my financial targets i aimed for each stage if you watch the video until the end you'll know the perfect side hustle to start at whatever age you're at and how you should pivot and adapt over time to make the most money possible from 13 years old all the way up to my age 33. i think i got away with that tonight well just think of it like a pokemon you start small with just a few skills and then you evolve and you become more skilled and a lot more powerful maybe one day you'll be powerful enough to absolutely destroy that thumbs up button and subscribe at the same time right so let's start off with level one which is when you're 13 to 16 years old my side hustle target for this age was around about 50 to 150 per month of course this is just a benchmark for you to aim for but if you're making more than this then you're ahead of where i was at that age when i was younger i didn't have much money so i had to start a side hustle that was cheap to get up and running i saw this as the perfect opportunity to try everything and figured out what i did and i didn't like i also made a lot of mistakes but you know what really it doesn't matter because i didn't have much money to lose in the first place all i had was my time and i had plenty of that my first idea for you is starting some kind of service based business when i was 14 i washed cars i used to charge two dollars per car and then one dollar if they had a second car it was great because the start up costs were really low and all i needed was a sponge a bucket and a bit of hard work you can also pick up these pressure washers now from the home depot which only cost 149 and you could use this to clean people's driveways if you charge fifty dollars per drive then it's only going to take three jobs and you've got a jet washer that's paid for itself so everything after that is a hundred percent profit one of my customers worked for a big chocolate company and as a tip he would always give me a massive box full of candy which i never thought about eating as i was more interested in selling it at school this is something you can think about doing as well a boy in the uk did this and he was making over 50k per year in multiple different schools until he got shut down wherever there's a demand money can be made at school there is always a demand for candy you may have to check if this is allowed at your school but i didn't i just got on with it you could just sell this from your backpack but what i would suggest if it's really successful is get your friends to sell it for you and you can pay them based on a commission so for every candy bar they sell you could give them 25 cents it's amazing how much you can learn about business and entrepreneurship by doing this from a really young age it helps you understand how to manage people and make a profit it was definitely a big reason i fell in love with being an entrepreneur the only issue with starting a side hustle at school is you can only make money during the week so a good way to make some extra money at the weekend could be to become a sports referee this is a great side hustle as you get paid to stay fit it keeps you mentally strong as you have to make decisions quickly and you get to meet lots of interesting people you can start at 14 and expect to make around 16 a game which isn't bad at all really level two this is when you're between the ages of 16 and 18. when i was at this level i had a much better idea of what i enjoyed doing and what i really didn't like doing i used this time to focus on getting better at the things i love doing and developing my skills in those particular areas my side hustle target for this age was between two hundred and fifty dollars and four hundred dollars per month one of the easiest things you can do is become a tutor as they earn around about twenty dollars per hour but if you're not the greatest at school like me for example and you don't think that options open for you then you don't have to just teach school subjects most people have some kind of skill other people are interested in learning and it's all about finding that skill and offering to teach it to them so like i said i wasn't the best at school there was no way someone would pay me twenty dollars to teach them english that's for sure so instead i used to teach people to fly model helicopters a bit like this one with any tutor in side hustle the money is always limited to the amount of clients you can get and most of them only want an hour of your time so it's a good idea to find another way to sell something of value to your clients as well as i was able to make most model helicopters fly better by tuning them up i decided to offer this as a service and take their models home with me after they had a lesson so it's all about finding that win-win for your clients a good idea could be selling your score notes or charging to be in an online group where they can ask you questions whenever they want the next side hustle is drop shipping and it's great for anyone that is good with computers and the internet drop shipping is where you advertise someone else's product send them to an online store then the manufacturer sends out the product directly to your customer you physically don't have to touch the product which is great but mark drop shipping is terrible it adds zero value to society do something decent instead terrible advice now hold on let me explain drop shipping probably won't make you a millionaire like the online gurus selling courses are going to tell you the market is extremely competitive the profits are very low and it's not a great long-term business model but i still think it's worth doing as it's a great way to learn how to run a business with very little startup costs drop shipping is like a trial run you're jumping in at the deep end of an extremely competitive market it may take a while to make a profit but the skills you're learning along the way are going to be worth so much more to you in fact they're going to be worth more to you than the money you'll probably make most of the boomers running huge companies have no idea how to use social media to boost their business and their physical stores are going bankrupt they're being bought out by younger entrepreneurs who have developed these skills and they're able to use those to make the businesses more profitable and move them forward into the digital world so think of drop shipping like a video game the more you play it the better you'll get and the more valuable skills that you'll learn and if drop shipping isn't for you but you still want to learn digital marketing then youtube is a very very similar side hustle it's very competitive and it will focus you to level up your video production and your marketing skills and all you need to start this is a phone a decent internet connection and some editing skills right so now level three which is between 18 and 29 years of age my side hustle target for this age was 800 to 1.
2 k per month my main focus was making the most out of the skills that i've mastered lots of people call this working in your genius zone for the next 10 years or so it's all about working as smart as possible and now you're 18 you can start investing that extra money long term instead of spending it for example if you just put 250 dollars per month into a simple low-cost index fund a seven percent average return per year then by the age of 65 you'll have 1. 1 million dollars and that's just a small part of your side hustle income so it shouldn't affect your day-to-day life i explained this in my last video so make sure to check it out if you've missed it the key here is to look at the skill set that you've been building up over the last few years and think about how you can level them up and charge more if you did drop shipping when you were younger then maybe you could upgrade to selling your own products or running social media marketing adverts for other businesses you can get paid a lot for helping other businesses with their social media marketing as just by hiring you they're actually going to be making more money instead of losing it you effectively pay your own wages which means you can charge higher prices a good way to get your first clients is to offer to work for them for free for a few weeks use your skills to boost their sales and then they're unlikely to say no when you ask them to start paying you for your skills even if they do say no you can go to another business you can say look what i did for them i can do that for you too and the great thing about this is you can do it all from the comfort of your own home in your spare time if you had a youtube channel when you were younger you could upgrade and become a graphic designer or a photographer or a videographer a friend of mine is a teacher in australia and his side hustle is wedding photography and he's booked out for every weekend for next year for me instead of just improving people's radio control models i started building them from scratch if you wanted a good quality radio controlled model and didn't have the ability to be able to build it yourself i was the only option in my area and this was how i met one of my mentors he had seven ferraris and a bugatti veyron i just loved working in his garage i was surrounded by all those cool cars and to this day i'd say i gained more from his words and wisdoms than i charged for the job so by upgrading your skills you're able to start earning a nice bit of extra income and we all like a bit of extra cash a great way to use this extra income to create another side hustle would be saving up for a down payment on a duplex house and getting a mortgage this is called house hacking it's one of the fastest ways to increase your net worth when you're in your 20s a duplex has two separate living areas and the idea is that you're able to rent out one side of the house and live in the other by doing this the other person pays a big part of your mortgage for you this means you could end up with a completely free house when the mortgage is paid off and you also have a place to stay in for free and all the money you have been paying on rent you can use to invest instead so now the boss level level 4 is for 30 and upwards my aim was to shift my side hustles to make more passive income as i had more money to invest in different opportunities by this stage what i valued more than money was time and i wanted more of that to spend with my family at this point i was looking to make 1.
