How to make 1000 dollars a day? This is a common question among those looking to improve their finances fast.
According to research by Global News and GOBankingRates, 53% of Canada’s millennials and 58% of America’s adults don’t have savings up to $1,000.
If you’re one of them, looking for how to save up to $1000 should be your mission. This is because the more savings you have, the more prepared you’re for the rainy days.
But what if you make up to $1000 in a day? Of course, this could boost your income and expand your emergency fund overnight.
So the question is: how do you make $100 a day? That’s what you’re about to learn shortly.
Before then, let’s understand what it takes to make $1000 a day.
Is it Possible to Make $1000 a Day?
Absolutely. Many people are already making $1000 a day. But the thing is, making $1000 a day is not easy as it involves great efforts and even high risk.
That said, finding a single job that pays $1000 is not easy. Except you occupy a high position such as CEO or medical doctor. Even at that, it’s rare to find a CEO or medical doctor that earns up to $1000 a day.
So the easy way to make $1000 a day lies in multi-tasking. That’s, performing several jobs in a day. This involves combining your primary job with passive income streams.
Passive income is the income you earn with less effort or without active engagement. For example, you can maintain your primary job while taking surveys and playing games online.
Also, when you invest in the stock market, your returns and dividends will be growing daily even while you’re sleeping.
As a result, passive income helps you increase your income without actively engaging yourself in multiple tasks.
However, different passive income streams have different incomes. This means you must choose high-paying passive income ideas to make up to $1000 in a day.
So what are the high-paying passive income ideas? Let’s find out.
How to Make 1000 Dollars a Day?
Many people (like you) looking to improve their finances quickly ask this question often. Since there’s no limit to human potential, making 1000 dollars a day is possible. But the question is, how?
As mentioned previously, the only way to make up to 1000 a day is through multi-tasking or a high-paying job.
If you are an established CEO or medical doctor, it’s possible to reach the level of earning $1000 a day.
But what if you’re not occupying any high-paying position and are looking to make $1000 a day? That’s where passive income ideas come in.
However, since passive income streams vary, you must choose high-paying passive income to make up to $1000 a day.
The following are high-passive income ideas that you can use to make $1000 a day.
1. Work as a Freelancer
Freelancing is one of the high-paying passive income streams to consider when looking for $1000 a day.
But what is freelancing? Freelancing is simply a short contract between you and someone looking for your service.
Whether you’re a writer, proofreader, designer, translator, etc., you can earn passive income as a freelancer through platforms such as Upwork.com, Freelancer.com, and Fiverr.com.
Depending on your capability, you can perform several freelancing tasks in a day and receive your cash immediately after completion.
2. Engage in Grocery Shopping
If shopping is your hobby, grocery shopping can be your daily passive income stream toward making $100 a day.
There are several stores that offer cash back on qualified purchases online and in-store. The more eligible purchases you make the, more cashback you will receive.
Also, mobile shopping apps like KOHO offer you cash back when you make a purchase through their partner companies.
Besides cashback, you can also earn some dollar delivery products around your area. That’s, you can double your earnings by taking cashback and delivering products.
3. Take Online Surveys
You can also earn up to $1000 a day by taking online surveys on platforms such as Swagbucks, Survey Junkie, and InboxDollars.
While it’s not possible to earn $1000 a day by taking surveys alone, you can make up to $100 a day through survey sites.
For example, Swagbucks, which is one of the leading survey platforms, offers a $10 signup bonus, and you can earn cash by not only taking surveys but by:
- Watching movies
- Playing games
- Searching the web
- Shopping from partner stores
- Referring others to the platform
- Participating in contests etc.
After using several survey sites, I realized that Swagbucks is the overall best survey platform. Consequently, I wrote this Swagbucks review, revealing y complete experience.
4. Play Online Games
If you’re a guru at playing games online, you can earn up to $1000 a day through that.
For example, you can earn the following amount by playing Grand Theft Auto (GTA) 5 Online:
- Heists = $400k per hour
- Time Trials = $50k/per hour
- VIP Work = $150k/per hour
- Special & Vehicle Cargo = $300k/per hour
Overall, you can earn $900 by playing all the above games in four hours.
While you may need to spend money to play games online, the returns are worthwhile if you want to make $1000 a day. In fact, you can earn up to $15,000 per hour playing online games.
But if you don’t know where to start, read this comprehensive guide on online playing games.
5. Be an Uber or Lyft Driver
Do you have a driving license and enjoy driving people around? You can supplement your income by becoming an Uber or Lyft driver.
As an Uber driver, the average amount you can earn is $15 and $22.87 as a Lyft driver. However, you can make more than this, depending on your area and driving experience.
While you may not make up to $1000 in a day as an Uber driver or Lyft driver, you can add up the earnings with other high-paying passive income streams.
6. Sell an Online Course
Don’t take your knowledge for granted; convert it to cash by selling it to others online.
Selling your course online is one of the easiest ways to make money online in Canada. All you need is to write and upload your course on platforms such as Udemy and Teachable.
That said, you can charge whatever amount you want on your course. Let’s say you charge $100 per course, and you’re lucky to get ten buyers in a day. Doesn’t that end your mission? Of course!
But don’t stop there, you can earn more than $1000 a day by creating more courses.
As the Internet is becoming a global village and e-learning overtakes traditional learning, online courses are in high demand.
So whatever knowledge you have, you can monetize it by writing and selling a course online.
7. Sell Stock Photos Online
You can also earn up to $1000 a day by selling your stock photos online as a photographer.
As visual content is appealing to more people, stock images are in high demand. In fact, some people don’t have time reading texts as you’re doing now. But they’re reading to spend time going through visuals.
So what are you waiting for? Start selling your stock photos today. Platforms such as iStockPhoto and Shutterstock allow you to sell your stock photos for a fee.
But regardless of the fee, you could earn up to $1000 by selling high-quality stock photos online.
8. Sell Unused Stuff
Do you have any unused items that are occupying your space? You should consider selling them on platforms such as eBay and Craigslist.
This is one of my passive income streams because I’m the type of person that wants every space neat. So if there’s any unused item occupying my space, I auction it immediately.
That said, the amount you will earn depends on the value of the items, but there are people looking for unused items to buy.
However, you may need to charge more if the platform you intend to sell your items charges fees for selling or shipping the item.
9. Join Affiliate Marketing
Affiliate marketing is growing in popularity due to the fact that many businesses are doing business online.
Basically, affiliate marketing is a way of recommending a product or service to friends and families for a commission.
However, the amount you earn on affiliate marketing will vary depending on which company you’re affiliated with.
Furthermore, the type of products or services you recommend will determine your total earnings. Also, the more people you recommend, the more money you earn.
10. Make Travel Arrangement
The last but not the least passive income idea that can earn you $1000 in a day is travel arrangement.
First-time travelers and busy people are looking for people to help them arrange their journey in exchange for dollars.
While travel arrangement varies per person, the following are some of the tasks:
- Booking airfares at the appropriate time
- Purchasing tickets
- Booking hotels
- Diver reservations etc.
Overall, if your client is so wealthy or busy, you are likely to earn more.
How to Invest $100 to Make $1000 a day
Investment is one of the fastest means of making wealth. However, this comes with different levels of risk depending on your investment skills and portfolio structure.
From forex trading, cryptocurrency to stock trading, there are many assets to invest in and make $1000 a day.
There are many great success stories associated with trading and investing, but also many terrible financial tragedies.
While it’s possible to invest $100 and make $1000 a day, you must be on top of your investment skills to succeed in this.
Furthermore, you need the right tools and strategies to make $1,000 from investing $100 per day.
That said, you can invest $100 and make $1000 a day with the following tips:
- Set your investment objective: Your investment objective determines the direction of your investment. This should be based on your risk tolerance and investment duration.
- Have a trading plan: You need a trading plan to achieve your investment objective. A trading plan will help you design a winning trading strategy that mirrors the market performance. This is the best way to minimize your investment risk and maximize your returns.
- Understand trading strategies: There are different trading strategies out there. Understanding these strategies will help you adjust your trading plan accordingly.
Thus, ensure that you stay up-to-date in the trading industry and analyze market performance before investing in any assets.
Note: If you don’t have trading experience or you’re a busy trader, a robo-advisor such as Wealthsimple or Questrade can do the hard job for you. All you have to do is to invest and sleep while your money is growing.
RELATED: 8 Safe Investments with High Returns
Over to You
Making $1000 a day may seem impossible at first, but it’s possible cause others are making it.
Hopefully, now you understand the various ways on how to make 1000 dollars a day.
While it might seem impossible to make $1000 a day, mastering one or more of the above ideas will make your dream come true.
However, there are more possibilities of making $1000 a month than the above. In fact, you can start a business and develop it to the extent of earning that amount in a day.
But from the above discussion, you can see that making $1000 involves taking several side hustles and investing.
If others are making it, you can also make $1000 a day. However, you must be determined and consistent about it.
Finally, if you have any questions or concerns on how to make 1000 dollars a day, kindly drop them in the comment section.
Hi, I'm Adeola Adegoke. I am a licensed Insurance Broker in Manitoba, and I hold a master’s degree in Mathematical Sciences (with a major in Financial Modeling) from the African Institute for Mathematical Sciences (AIMS), Tanzania.
Also, I have a second master's degree in Statistics from the University of Regina, and I am currently pursuing my Ph.D. in Statistics at the University of Manitoba.
The primary purpose of Money Reverie is to help everyday Canadians make better financial decisions by providing up-to-date financial news and information, reports, product reviews, and government programs.
