Financial coach shares 7 ways to make more than $400 a month from home (2024)

The dream of earning a living from the comfort of our own home is something we have all fantasised about in one way or another.

For glamorous Australian financial adviser, Canna Campbell, this dream became a reality when she turned her years of expertise into the successful YouTube channel SugarMammaTV.

And now Ms Campbell is sharing her top tips for earning significant side cash -without leaving your house.

From growing your own seedlings to minding poodles, FEMAIL has rounded up the seven best home-earnersrecommended by the side hustling queen herself.

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Financial adviser and social media queen Canna Campbell (pictured) has made a name by sharing her practical and insightful advice on money

1. If only money grew on trees

Planting and caring for plants is widely regarded as having therapeutic effects on our mental health.

But this peaceful past time could also be hugely beneficial to your pocket, as Canna Campbell explains that followers of her book The $1000 Project have taken to growing seedlings of Bonsai and fruit trees from the comfort of their own home for extra cash.

Bonsai trees are earning green fingered entrepreneurs more than $400 a month, according to Ms Campbell, who adds that those cultivating fruit plants can sell their produce at local markets once ripe.

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The fruits of her labour: Glamorous Ms Campbell has carved a successful career for herself as a mentor and finance coach

2. Dog sitting

Offering to care for peoples pets in your own home while they're away on holidays can be a lucrative side business, Ms Campbell advised.

If you have your own pet, hosting also keeps your dog company and can be achieved with practically no overhead cost.

Pet sitting platforms such asPetCloudand PawShake connect hosts and clients across Australia.

Canna Campbell at home with her King Charles Cavalier Sofia and chocolate Labrador Giuseppe

3. Turning photos into digital albums

The finance guru told YouTube viewers that digital album creators charge a flat fee per hour to transform old family photos in digital files.

This touching service helps people to save their memories and is easily done from the comfort of your living room sofa.

4. Get typing

Proof reading, ghost writing and penning motivational blog posts for celebrities and busy influencers are all great ways of earning some cash on the side.

One SugarMamma subscriber told Ms Campbell that she brings in significant income by dictating complex police reports for lawyers.

Utilising soft skills such as editing, creative writing and proofreading can be done from anywhere in the world.

Proof reading, editing and blog writing can earn you a decent side income

5. Needle and Thread

Making alterations and mending clothes with your own sewing machine can be a lucrative earner as well as an enjoyable hobby for those with a flair for fashion or design.

One SugarMamma follower has damaged or wrongly sized garments posted to her home by clients,where she alters them and then arranges for the customer to collect.

6. Get creative

Making arts and crafts at home such as crochet stuffed animals for children or dream catchers can be a surprisingly profitable side hustle for many people.

Ms Campbell recommended selling your designs on online marketplaces like Etsy.

Canna Campbell (pictured with her dog Giuseppe) promotes her bestselling financial advice book 'The $1000 Project'

7. Rent your stuff

It might seem ridiculous, but the money coach says that renting your clothes, accessories, handbags, suits and even cars is becoming an increasingly popular way of earning some extra cash.

Car rental site CarNextDoor guarantees users a minimum of $2,000 per year if their car is advertised on the platform.

If you have a lot of family friendly items such as kids toys, prams or cots, significant money can be made from letting them out to holiday makers in the area who don't want the hassle of lugging heavy goods around on their trip.

Charging a rental fee for your own assets is one of the simplest ways of earning additional income, Ms Campbell says.

From ghost writing to making your own dream catchers, Canna Campbell says there is a lot of money to be made if you're willing to get creative

Financial coach shares 7 ways to make more than $400 a month from home (2024)

FAQs

How to make extra 400 a month from home? ›

  1. Use Food Delivery Apps.
  2. Make Money Online With Freelancing.
  3. Sell Stuff You Don't Need.
  4. Use Get-Paid-To Websites.
  5. Make Money With Sign Up Bonuses.
  6. Find Gigs With Steady.
  7. Use Game Apps.
  8. Real Estate.
Jul 12, 2024

How much money can you make as a financial coach? ›

What is the average financial coach salary?
StateAverage salary
California$57,105
Colorado$43,647
Connecticut$49,684
Delaware$43,589
46 more rows
Jul 29, 2024

How to make money as a financial coach? ›

Financial coaches typically work on a fee-only basis. Some charge based on how long you plan to work together (for example, a set fee for a period of six months) or per individual session, while others charge based on a percentage of income.

How much does Dave Ramsey pay financial coaches? ›

Average Ramsey Solutions Coach yearly pay in the United States is approximately $58,225, which is 13% above the national average.

How much money do I need to invest to make $500 a month? ›

To generate $500 a month, you might need to build your investments to $150,000. Taking out 4% each year would amount to $6,000, which comes to $500 a month.

How to realistically make $10,000 a month from home? ›

Here are some of the best ways to make $10,000 a month in 2024:
  1. Start Freelancing.
  2. Become a Virtual Assistant.
  3. Real Estate Investing.
  4. Open an E-commerce Store.
  5. Start a Blog.
  6. Sell Crafts on Etsy.
  7. Dropshipping.
  8. Become an Influencer.
Feb 5, 2024

What is a financial coach not allowed to do? ›

Financial coaching never provides specific securities or investment market recommendations because that is the role of a financial adviser who manages the wealth you already built.

Are financial coaches worth it? ›

Practically speaking, a financial coach will help you set and achieve financial goals and develop good money habits. You should work with a coach if you need help tackling these tasks: Budgeting. Getting out of debt.

What do financial coaches charge? ›

Financial coaches don't manage your money or investments, so they don't charge a fee based on assets under management (AUM) the way some financial advisors do. Rates for financial coaches can vary, but hourly rates of $100 to $300 are fairly common.

Is a financial coach a good side hustle? ›

The wonderful thing about financial coaching is that you can make this amazing career into whatever suits you best – whether that's a side hustle, part-time, or full-time. The amount of time that you invest in your financial coaching practice will (in part) determine your income.

How much is Dave Ramsey financial coach training? ›

Dave Ramsey's Master Training program currently costs $2,295, which includes training materials, live lectures, and a certificate of completion.

Is there a demand for financial coaches? ›

The answer is a resounding yes. Let's look at the stats: 72% of Americans feel financial stress. 65% of adults find money a significant source of stress.

What is the difference between a financial coach and a financial advisor? ›

A financial coach works with clients who have few assets and need general financial help. A financial advisor works with clients who need help managing and investing their assets. An advisor provides options for developing an investment portfolio to build wealth for their clients to meet future financial goals.

Do you need a degree to be a financial coach? ›

For example, a financial coach may help someone adjust their spending habits by teaching them how to create a monthly budget. Financial coaches often meet with their clients on a weekly or monthly basis. There are no formal education or certification requirements for how to become a financial coach.

How much does it cost to do Dave Ramsey? ›

Ramsey+ has three different pricing options so you can do what's best for your budget: Three months for $59.99. Six months for $99.99. 12 months for $129.99.

How can I make $500 a month from home? ›

How to make an extra $500 a month.
  1. Build a blog of your own to make $500 extra each month. ...
  2. Complete paid online surveys from your home. ...
  3. Join a focus group to make $100 an hour. ...
  4. Sell printables on Etsy. ...
  5. Sell templates online. ...
  6. Become a bookkeeper and work from home. ...
  7. Create an online store. ...
  8. Sell items on Amazon.

How to make an additional $300 a month? ›

How to make 300 dollars fast
  1. Ask or volunteer to work overtime. It may seem obvious, but we'll add it to this “how to make $300 fast” list anyway. ...
  2. Sell handmade or household items. ...
  3. Drive for Uber or Lyft. ...
  4. Deliver for food apps. ...
  5. Clean houses. ...
  6. Run errands. ...
  7. Dog walking/Pet sitting. ...
  8. Do lawn care.
Mar 21, 2024

How can I make $500 right now? ›

Make $500 Fast with a Side Hustle
  1. Become a Personal Grocery Shopper. If you're 18+ and want to make an extra $500 fast, then consider becoming a personal grocery shopper. ...
  2. Walk Dogs or Pet Sit. ...
  3. Make Money Through Social Media. ...
  4. Rent Out Your Space. ...
  5. Deliver Food. ...
  6. Start a Ridesharing Gig. ...
  7. Rent Out Your RV. ...
  8. Rent Out Your Car.

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