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The 10 best side activities according to Graham Stephan

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These are the 10 most profitable secondary activities.

Key points

  • After trying different side activities over the past 12 years, Graham Stephan recommends these 10 best side activities.
  • Profitable side businesses can include investing in stocks, renting out a spare room, and selling items online.
  • Stephan also recommends considering part-time work, starting a business, and monetizing your existing skills.

Graham Stephan is an American real estate agent and YouTube personality. He is best known for his videos on financial independence, saving, investing, and real estate investing. According to a video, after 12 years of different tries, he found what works and what doesn’t. Stephan states that the right side hustle can be extremely profitable and anyone can do them. Here are the top 10 hustles he recommends.

Graham Stephan’s top 10 side hustle

1. Dividend income

Some stocks pay dividends. Dividends are profits that the company returns to its shareholders. If you buy a stock that pays dividends, you have a small ownership stake in the company and you receive additional income in the form of dividends.

2. Capital gains

If you buy a stock and sell it back at a profit, the part you earn is a capital gain. Over the long term, the stock market has performed well, averaging 10.72% each year from 1991 to 2020.

3. Rental income

Even if you don’t have enough money to buy an investment property, Stephan says you can make a lot of money by renting out an unused room in your house or renting out your unused space for storage, like your garage. . .

4. Sell spare items

You can easily list anything you want to sell on sites like eBay, Facebook Marketplace, or Craigslist. Your total time commitment is just taking pictures of what you want to sell, creating the listing, writing the description, and shipping it once it’s sold.

5. Part-time work

You can help a local business, work for someone else, or earn money after hours, evenings, or weekends.

6. Start a business

Stephan says a side hustle is one of the most underutilized “sources of income” that people don’t take advantage of enough. A side hustle can help you earn more money and diversify your sources of income in case you need a job to lean on.

7. Focus Groups

You can enter online or in person to win extra cash. You’ll need to qualify for the specific demographic, but there are plenty of focus groups out there looking for a wide range of people.

8. Returning Items

You can search for cheap items to sell online, and in some cases find items that people are giving away for free and sell them for a profit. You may find something worth money that the owners don’t have time to sell, and they just want it gone.

9. The credit card churning

This is where you sign up for a new credit card and then meet the minimum requirements to get the sign up bonus. These offers can range from $100 to $300 for the low end, up to $1,500 for the deluxe cards.

10. Monetize your skills

Stephan says if you’re good at something or have a skill like teaching or tutoring, you should learn to make it a side hustle.

These are Graham Stephan’s 10 favorite side jobs that can help you increase your income, with as little work as possible. These ideas can help you earn between $20 and $200 a day, putting you on the path to financial independence. Studies show that the more sources of income you have, the more money you make. So try some!

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