4 Powerful Ways to Make an Extra $3,000 a Month

According to the Federal Reserve Economic Data, the average working American makes $19 an hour for a 40-hour workweek, which translates into $3,000 a month.

Here are four ways to earn the same amount from the comfort of your home or anywhere in the world.

Get paid to hold stock

Dividend investment is a very simple and great way to earn passive income if you already have some money available to you and have a lot less time on your hands. The most important part while doing this is to thoroughly research the stocks and funds that you are investing in.

A long-term strategy is usually the best way to go about it, as buying and holding the stocks can help you earn dividends continuously. You can start investing with any amount of money.

All it requires is time and patience. Keeping on reinvesting your earnings from dividends and staying patient will make your earnings grow even faster than you think.

Put your skills to use

Becoming a freelancer is one of the best and easiest ways to earn quite a lot of money while sitting at home. It is also one of the fastest ways to earn.

Freelancing allows you to be self-employed while also giving you a platform to learn new skills, and perfecting the ones you may already have. Becoming a freelancer is as easy as going on the internet and offering your skills to clients on apps such as Fiverr.

You can do almost anything you want to, ranging from writing, painting, content creation, photography, to even marketing and managerial roles in firms.

Create useful video content

A new way of earning money these days is by starting a YouTube channel and posting videos on it. There are a lot of ways to monetize your YouTube channel.

Once you build a strong audience, you can offer channel memberships and earn through ad revenue. You can even collaborate with brands for sponsorship on your channel and promote their products.

This is a very simple way to start earning as all you need is a camera or a smartphone that almost everyone already has these days. You can keep upgrading your equipment and gear in order to improve your content quality as your channel keeps growing more and more.

Try your hand at crypto

Even though it is a relatively new way of investment, a lot of people now prefer investing and trading in cryptocurrencies over investment in stocks.

Crypto investment can be much riskier than stocks as they are quite volatile and thus also require thorough research before investing. Making around $3,000 dollars can be done easily, however, if you know what you are doing when buying and trading widely held cryptocurrencies such as Bitcoin.

Many people buy and hold cryptocurrencies but you can also join groups online where a robot does the crypto trading for you. This decreases the amount of effort and time needed to earn money.

All of this can be done online and through several crypto wallet apps that offer a place for safe investment and trading.