How to make $100,000 a year (no matter what you're making now)

20 Genius Ways To Make 100,000 A Year Without a Job

Better ways to make 100,000 per year without depending on salary or having any degree in any field.

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How to make money without a job In 2022: FAQ

How to make money without a job

If you don’t have a job, there are many options to make money online. You can start a blog and promote affiliate offers on it; you get commissions when you sell a product.

You can also start an eCommerce business such as selling on Amazon, dropshipping, selling on Etsy, etc.

How can I make money right now?

You can make money without a job right now by doing some freelancing work. You can make money writing an article for marketers on the following site:

  • Fiverr
  • Upwork
  • iwriter

You can also take a survey and make money fast; it only requires little time and commitment.

How to make 100k a year from home

If your dream is to make 100k a year from home, there are many opportunities. You can start by choosing a business model that is in high demand.

To build a business that can generate 100k a year, you need to invest your time and money.

Here is the best online business that can generate you 100k in a year, even possibly in a month.

  • Ecommerce business
  • Blogging and affiliate marketing
  • Consulting
  • Offering services

To get started, make sure you join any training program of your choice to help you understand the business model.

How can I make 100k without a degree?

There are many online businesses you can start and make 100k without a degree.In fact, 30% of internet marketers who are making 6 figure per month are drop out of college.

So, you don’t need to have a degree before you can start making 100k, you only need to be ready to work hard. Decide which path you want to follow, is it eCommerce, blogging or launching your own digital product?

Make Six Figures Through Passive Income

Another goal you should have is to make six figures through your passive investment income. Meaningful passive investment income takes forever to generate, which is why you need to get in the mindset ASAP.

My current favorite passive income investment is through real estate crowdfunding. I love owning a physical asset that I don’t have to manage. The best real estate platforms today are Fundrise, for all investors and CrowdStreet for accredited investors. Both are free to sign up an explore.

I’ve invested $810,000 in real estate crowdfunding projects mainly in the heartland of America. Valuations are cheaper and net rental yields are higher there. I believe there will be increased migration to lower cost areas of the country. This should drive property and rental prices higher.

It’s taken me over 21 years to amass enough capital to generate $310,000 a year in passive income. My ultimate goal is to get to $350,000 since I’ve now got two kids and neither my wife or I work.

Visualize The Money And It Will Come

Finally, to help you visualize your path to $100,000 or more a year, simply break down the annual income by month and then by day. Doesn’t $8,333 a month sound a little less daunting? How about making $274 a day? That’s surely possible isn’t it? Of course it is! Making six-figures is possible for all of you readers.

If you are happy with making $99,999 a year, more power to you. Just remember that your happiness, as measured by income will continue to grow until about $250,000. Then your happiness fades because of government persecution and the bitter populace who want to keep you down.

And if you’re really smart, you’ll learn how to negotiate a severance from a job you hate before moving onto your next great opportunity. In 2012, I was able to negotiate a severance worth over $600,000 to take my time building this site stress-free. Always be thinking ahead before making any drastic career moves.

What Does a Six-Figure Income Actually Look Like?

You need to make at least $100,000 a year if you want a six-figure income. That means making at least:

  • $8,333.33 a month, or
  • $2,083.33 a week, or
  • $416.66 each workday, or
  • $52 an hour.

Breaking down your larger goal into smaller increments will help you understand what it will take to get where you want to go. Can you land a full-time job that pays $52 an hour? Or can you freelance for that amount? 

It’s important to figure out where you are now compared to these benchmarks if you want to reach your goal of 100k/year.

Get a Second Degree

If you choose the career/salary route to earn your $100,000 per year, then depending on your career and industry, it could be advantageous to continue your education.

Graduate degree holders earn an average $17,000 more per year than people with “just” a Bachelor’s degree.

The difference is more noticeable in some career fields, where master degrees are more likely to get you a promotion, better positions, and a higher income.

For example, the median annual wages for somebody with a bachelor’s degree working in finances is $73,000 but that amount goes up to $101,000 (a $28k increase) for people with an advanced degree. Education is another field where an advanced degree pays off big and those with a Master’s degree earn as much as $89,500 a year or about 19 percent more than those with just a Bachelor’s.

On the other hand, people working in the food science field only earn about $10,000 more by obtaining a masters degree.

For those considering going back to school, it’s worth sitting down and doing some math. Weighing in the costs of a degree + your time investment against long-term earnings is a good way to decide whether the investment is worth it.

5. Invest in REITs

While buying real estate is another great way to diversify your investment portfolio, owning property is not cheap. Even owning a few properties would not result in a diversified portfolio. For that reason, many investors may prefer to buy shares in real estate investment trusts (REITs).

REITs are professionally managed portfolios of properties. Most REITs are organized around a real estate theme such as shopping malls or data centers. Because REITs are required to disburse to shareholders at least 90% of their taxable income, which is generated by rent and interest payments, REITs often pay higher dividends than most stocks. Their share prices can also appreciate in value as the price of real estate rises.

Shares of REITs trade on stock exchanges just like shares of any public company. REITs can be especially appealing to income-focused investors, but it’s important to realize that REIT payouts are typically taxed as ordinary income in taxable brokerage accounts.

Starting Your Own Company with $100,000

Banks make it exceedingly difficult to obtain a loan for a business endeavor because of the risk. If there is no collateral, the investment should be considered venture capital, with the presumption that you will get your money back 50% of the time.

Getting a loan for an investment property is considerably more accessible since the bank looks at your finances to see whether you can afford the monthly loan payments and haven’t taken on any debt you can’t pay off. If you cannot pay your mortgage, the bank can use the property as collateral to recover their funds, reducing risk compared to a company investment.

On the other hand, you may acquire shares in a firm if you’re interested in the success of a company that’s just a few years old but has excellent growth prospects. You’ll own a piece of the firm, but you’ll be less likely to lose your entire $100,000 investment.

Many investors will opt to invest in “Blue Chip Stocks,” which are individual stocks in firms with a track record of success. Most people are acquainted with these firms, and they have been around for a long time.

Growing Miss Excel

Since leaving my job, I've made more than $1 million in Miss Excel sales. And in October 2021, I crossed a major milestone: I made $100,000 in sales — in just one day.

In addition to The Excelerator Course, I created two more Excel courses — an advanced course and a mini Dashboard course — along with several others for PowerPoint, Word, Teams, Outlook, OneNote and Google Sheets.

My individual courses range from $44 to $397. I also sell several course bundles, which range from $397 to $997.

My latest project is called the Workplace FUNdamentals Course, which teaches important workplace skills like Microsoft Office, along with soft skills like email etiquette. Customers can preorder it on my website for $497.

5. Gameshows, Sweepstakes, And More

You can’t win if you never play. And there is potentially big money in entering sweepstakes, gameshows, and more. But too many people dismiss this as a fools errand. Well, the great thing about trying to enter as many sweepstakes and contests as possible is… it really only takes your time.

First, let’s talk about gameshows. You know, shows like The Price Is Right, or the new one called The Wall. What a lot of people don’t realize is you can have a pretty good chance of getting on these shows – simply because a lot of people don’t try. Here’s a great article about a strategy to almost guarantee you a spot on the show. And you can win substantial prizes – if you make it to the end, you could walk away with $20,000 or more! Definitely not something to scoff at.

But okay, maybe you don’t think you have a chance to get on a game show. But, you do have some spare time at night and would enter sweepstakes. (Important note: contests require you to do an action that can be judged, but sweepstakes just require you to fill out an entry form). 

Sweepstakes can be a great way to potentially make money – there are some sweepstakes that give away huge amounts (we gave away a $500 Amazon gift card at Christmas). But where do you find these giveaways? Here’s a list of our favorite sites to look at:

Generate Additional Income

Incoming revenue is the other key component of your personal budget. Finding ways to generate more revenue will also help you reach a $100,000 goal faster.

Do you sew, do some other craft, or teach? These are some hobbies that can help rake in some extra money. You could tutor children for a few hours a week or sell your crafts at the weekend market. You could also seek out freelance projects or handy work. Don't let any of your skills or talents go to waste. Your spare time can also be very valuable. These things can help you earn some more money that you can put towards your $100,000 goal.

 Nusha Ashjaee {Copyright} Investopedia, 2019. 

Make an extra $1000 per month doing simple tasks

Did you know you can make money doing simple tasks on the internet like completing surveys and watching video clips?

If you're looking for faster ways to make supplemental income online without starting a major project of your own, survey sites like Inbox Dollars are a great source of additional income each month.

You won't make $100,000 per year with this exclusively, but it's a convenient way to earn some extra money. For example, you can complete tasks while you're watching TV or listening to an audio book.

It's not the most fun work in the world, but it's probably one of the easiest.

The most popular companies are Swagbucks, Survey Junkie, and Inbox Dollars.

All of them operate similarly and pay you per task you complete. Companies on their platform pay users for surveys and user research data.

You can view a complete list of all of the best survey websites to make money from here.

Investing $100k In a Safe and Guaranteed Manner

Savings and money market accounts give up to $250,000 in guaranteed protection at each bank or institution. You also have complete control over your funds at all times. These FDIC-insured accounts pay little interest (typically about 1%), but they’re the safest way to keep your money safe and accessible.

Certificates of Deposit, or CDs, are also insured by the Federal Deposit Insurance Corporation (FDIC) and can yield greater returns if you are prepared to keep your money in a CD for a few months or years. Many financial organizations provide 5-year CDs with 3-percentage-point yields.

Invest in Savvy Vehicles and Products

When you’ve found a few ways to save a little more and made a budgeting commitment on how much you plan to save, you’ll want to make sure those funds are invested efficiently. Working with a financial professional or delving deeper into resources that help you do the investing yourself can be good ideas.

Save on Taxes

One of the first places many larger investors look is tax shelters. These can be right under your nose through your employer’s benefit offerings. Benefit plans include all kinds of options, with a majority offering tax advantages. The traditional 401k allows you to invest pre-tax dollars with the advantage of paying your retirement tax rate rather than your current one on withdrawals. Other tax-sheltered options can include a traditional individual retirement account (IRA) or municipal bonds.

With a Roth IRA, you can withdraw your contribution penalty-and-tax-free at any time. However, if you touch your earnings, you may be subject to penalty-and taxes if the distribution is not qualified.

Appropriately Manage Your Risks

Like all investing, risk will be a factor in your trek to $100,000. Higher risk investments should bring in higher returns but risk-reward can also be key. Up and coming penny stocks, initial public offerings (IPOs), and trending sectors like technology can pay off big in short amounts of time. On the other end of the spectrum, high-grade corporate bonds can also bring in some steady and hearty returns.

Know the Math

In the process of budgeting and building out a financial plan, mapping out the present value and future value math will also be helpful.

Scenario 1: Start with $10,000. Add $12,000 annually. Invest with an annual rate of return of 8%. After six years you will have $103,900.

Scenario 2: Start from $1,000. Add $12,000 annually. Invest with an annual rate of return of 12.5%. After six years you will have $100,647.

Step 3: Find a side hustle idea

This is the number one barrier holding people back from creating their side hustle.

After all, you’re looking for something that’s profitable and that you’re passionate about.

And the Venn diagram between those two things often seems like two separate circles.

Luckily, you already have profitable skills already. That’s what Christina Nicholson of Media Maven realized when she left her job after years of experience as a television news reporter and started working for a PR agency.

“Like many people, I didn’t have a great boss,” Christina recalls, “and more attention was paid to the hours I was sitting in front of my desk in the office instead of the quality of work I was executing.”

That all changed when one day a client came in to pay his retainer and Christina discovered that it was more than what she made in one month.

“That’s when I realized I could do all the work AND keep all the money,” she says. “I didn’t need to work for someone who caused me unnecessary stress. I didn’t need to get vacation approved or be on the receiving end of an attitude when I needed to leave the office early because I had a sick child.”

She continues, “I could also do other things, like host local and national TV segments on a freelance basis.”

So she began to build out Media Maven, her hustle to help other businesses get a handle on their PR. “After starting my business,” she recalls, “I saw what was possible and it motivated me, even more, to learn more about entrepreneurship and take things to the next level.”

That’s not the only way you can find a profitable freelancing idea either. If you are at a loss for where to start, check out the 30 proven business ideas in the PDF below. As you scan the list, think about how you might apply these ideas to your current skills and hobbies.

Click here to receive your very own PDF of the 30 proven business ideas.

For now, just choose one business idea. It’s okay, you can always change it later. For now, we’re going to just try one out and try to find a client with it.

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A recap on how to invest $100,000

3. Begin your investing journey

Your specific investment goals and risk appetite predominantly determine how you should invest your money. Risk-averse investors or those nearing retirement may choose to invest more conservatively, while risk-seekers or younger investors may opt to buy mostly stocks.

Once you establish your portfolio, remember to stay focused on your investment goals and the reasons why you invested in each security. Market volatility is inevitable, but that matters little if your original investment thesis remains unchanged. Plan to continue adding to your best investments over time, sell chronically underperforming holdings, and look forward to enjoying the substantial wealth that you generate by investing $100,000.

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