7 Side Hustles Students Can Start In 2024

Mark Tilbury2 minutes read

The idea that a university degree guarantees a high-paying job is a myth, with starting a side hustle being essential for future success, as explained by the examples provided in the text. Different side hustle ideas are presented, along with tips on how to make them successful, emphasizing the importance of embracing AI and innovation in securing financial stability.

Insights

  • Relying solely on a university degree for financial success is outdated; starting a side hustle is essential for future prosperity, as highlighted by the text.
  • Embracing early adoption of AI and exploring various side hustle ideas, such as creating short form content or investing in index funds, can lead to significant income opportunities, showcasing the importance of diversifying income streams beyond traditional education paths.

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Recent questions

  • How can I increase my income?

    By starting a side hustle alongside your studies or job.

  • What are some side hustle ideas?

    Creating short form content, investing, online coaching, AI animation.

  • What is the importance of early adoption?

    Early adoption allows for embracing new technologies and opportunities.

  • How can I leverage AI for my side hustle?

    By using tools like Chat GPT for idea scripting and animation.

  • What are the characteristics of early innovators?

    Early innovators are risk-takers who purchase new tech products upon release.

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Summary

00:00

Side Hustle Ideas for Financial Success

  • The lie that going to university guarantees a high-paying job is prevalent among young people, instilled by the school system and reinforced by parents.
  • While studying is valuable, relying solely on a degree for wealth is outdated; starting a side hustle is crucial for future success.
  • Seven side hustle ideas are shared, applicable globally, with real-life examples and ratings based on time to learn, money needed, and difficulty to earn $1,000 monthly.
  • Idea 1: Creating short form content on platforms like Snapchat can yield significant income, with original content creation being key.
  • Idea 2: Investing, particularly in index funds, can lead to substantial wealth over time, with a simple dollar-cost averaging strategy.
  • Idea 3: Building and managing Discord servers can be lucrative, requiring value provision upfront to secure paying clients.
  • Idea 4: Online coaching, not limited to fitness, offers freedom and high earnings potential, with personalization being a key selling point.
  • Idea 5: AI animation, like Mercy's work, can generate substantial income monthly, tapping into the technological advancements of AI.

14:21

Tech Adoption Trends: Innovators to Laggards

  • Early innovators, comprising 2.5% of the population, are risk-takers who purchase new tech products upon release, like the Samsung Fold or Apple Vision Pro.
  • Early adopters, making up 13.5% of the population, also take risks but prefer testing products before recommending them, similar to innovators.
  • The early majority, accounting for 34% of the population, rely on product reviews before purchasing, wanting proof of functionality before committing.
  • The late majority, another 34%, follows the early majority in adopting technology.
  • Laggards, surprisingly 16%, resist change and prefer sticking to familiar technologies.
  • Embracing AI early is advised, with tools like Chat GPT aiding in idea scripting and animation, as demonstrated by Mercy, who recommends mastering animation principles and engaging in Industry networking for skill enhancement.
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