Day 2: Daily Money
Definition: Money earned every day that can be accessed the same day or within 1-2 days, preferably the same day with a fee usually attached.
Method: I have earned the most consistent daily money through Uber Eats and day trading. For Uber Eats, you’d need a car. For day trading, you need to learn the skill and have a cell phone or PC and some amount of capital to trade with (usually around $20-$100; your account can get as low as $5-$13 last I checked).
Uber Eats $25 an hour (even in a saturated market)
Day trading: Limitless; you can make as much as you can afford to lose and lose as much as you want as well. I was earning roughly $5-$10 every 5-20 minutes. I took a break to focus on other things.
Value: People will always want food and the market will always be open unless something major happens with our economy that affects order rates or market activity. These reasons I consider these two reliable sources of income, but they are both contract or self-employed work and therefore taxable; you would need to be prepared for this. Also, I’ve made quite a few network connections while doing Uber Eats and Uber ride-sharing, but I no longer do either and don’t intend to again. I keep my account active because I want to.
Do I still do it? UberEats, no. Daytrading, I will be picking it back up soon.
Who is this good for? Uber Eats is good for the person who has a car and is sometimes available and wants to control when they work but they do not have control over where they work; they are also subject to fluctuating earnings.
Day trading would be good for anyone who likes to engage with people very much and/or has the time and mental focus available to be in the markets and money to grow or lose.
Other options? If I did not want to do Uber Eats or day trading, I would make money in a day by selling a product, a masterclass, or a service and require payment upfront that same day. I have done the master class and also the selling of a service.
Let me know if y’all have any questions; see you tomorrow.