How much money do I need to invest to make 10k a month?

Asked by: Lavada Nader  |  Last update: April 6, 2023
Score: 4.7/5 (17 votes)

If your goal is to make an extra 10k per month let's take a look at investing in the stock market. Assuming a 7% annual return or . 58% per month, you would need to invest around $1.72 million to reach your goal.

How can I make $10 000 a month?

Ways How To Make a Month $10,000 Without Much Capital
  1. Share your expertise. Are you an expert woodworker? ...
  2. Teach online courses. ...
  3. Sell other people's products. ...
  4. Profit from your crafts. ...
  5. Design and sell merch. ...
  6. Start a podcast. ...
  7. Market other people's products. ...
  8. Send emails.

How much do I need to invest to make 5k a month?

Based on the math above, you'll need to invest about $2,000,000 to earn $5000. It's a large amount of money, especially if you're starting from a new bank account. Start setting smaller monthly income goals such as $100 a month or $200 a month.

How much money do you have to make a day to make 10K a month?

Reach out to your network, market yourself, and find people who need that service. How much do I need to make a day to make 10K a month? In a 30-day month, you'd need to earn $333.33 per day to make 10K per month. That is assuming you work every single day.

How much is 10k a month hourly?

If you make $10,000 per month, your hourly salary would be $61.54. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 37.5 hours a week.

Earn $10,000 Per Month in Passive Income (How Much Do You Need Invested?)

16 related questions found

Is 10k a month good?

Is making $10,000 a month good? Yes, most people would consider $10,000 a month to be a good income. If you earn $10,000 a month, your gross income will be $120,000 a year. For the average person, that's more than enough to live on, and you'll likely be able to build a healthy savings with that income as well.

How can I make $10000 in 3 months?

Each income stream is subject to taxes, so don't forget to factor those in as well.
  1. Invest in Real Estate (Roofstock, Fundrise, etc.) ...
  2. Rent Out Your Home Space. ...
  3. Teach Your Skills Privately. ...
  4. Sell Unwanted Jewelry. ...
  5. Sell Your Stuff. ...
  6. Offer Freelance Writing Services. ...
  7. Freelance Other Skills. ...
  8. Create an Agency.

How can I make 10000 dollars in 6 months?

How I Saved $10,000 in Six Months
  1. Set goals & practice visualization. ...
  2. Have an abundance mindset. ...
  3. Stop lying to yourself & making excuses. ...
  4. Cut out the excess. ...
  5. Make automatic deposits. ...
  6. Use Mint. ...
  7. Invest in long-term happiness. ...
  8. Use extra money as extra savings, not extra spending.

How can I earn $4000 a month in dividends?

In order to make $4000 a month in dividends, you'll need to invest approximately $1,600,000 in dividend stocks. The exact amount will depend on the dividend yields for the stocks you buy for your portfolio. Take a closer look at your budget and decide how much money you can set aside each month to grow your portfolio.

How do I make $5000 a month in dividends?

How To Make $5,000 A Month In Dividends
  1. Develop a long term perspective.
  2. Determine how much you can allocate for investment.
  3. Select dividend stocks that are consistent with your strategy.
  4. Invest in your selected dividend stocks regularly.
  5. Keep investment costs and trading to a minimum.
  6. Reinvest all dividends received.

How much interest will I earn on 500 000 a month?

A $500,000 annuity would pay you $1312.50 interest per month.

How can I make 100k in a month?

How To Make $100k/Month Online
  1. Affiliate Marketing with a Blog. Doing affiliate marketing with a blog means you will need to pick a product to promote and create blog posts that effortlessly syncs with the offer you are promoting. ...
  2. YouTube Affiliate Marketing. ...
  3. Paid Ad Affiliate Marketing.

How can I make 5k a month?

Let us scout for all the available options to earn 5000 per month and provide financial stability.
  1. Bank Deposits. ...
  2. Post Office Monthly Income Scheme. ...
  3. National Pension Scheme (NPS) ...
  4. Atal Pension Yojana (APY) ...
  5. Mutual Funds. ...
  6. Government and Corporate Bonds. ...
  7. Annuity. ...
  8. Life Insurance.

How can I earn 10000 a day in stocks?

10000 every day for rest of the months. At the end of every month you will have good money. You can take some part of it every month to buy shares in long term portfolio companies.
...
To gain from downward movement:
  1. Selling shares in cash segment.
  2. Buying Put Options.
  3. Selling Futures segment.

How can I save $10000 in biweekly in 6 months?

How to Save $10,000 in 6 Months. To reach your goal of saving $10,000 in 6 months, you will need to deposit $384.62 weekly or $769.23 biweekly.

How long does it take the average person to save 10k?

How long will it take to save $10k? If you save $200 per month it will take you 4 years and 2 months to reach $10,000. If you save $300 per month it will take you 2 years and 10 months. Saving $400 per month will mean that you reach your $10,000 target in just 2 years and 1 month.

How can I save 10k in 7 months?

Here are five steps to saving as much as $10,000 in six months, income permitting.
  1. Set Goals and Visualize Yourself Achieving Them. ...
  2. Consider a Spending Freeze. ...
  3. Create a Budget. ...
  4. Make Savings Deposits Automatic. ...
  5. Consider Ways To Make More Money.

How do people make a living in 2022?

How to Make Money From Home in 2022
  1. Proofreading. EQUIPMENT: Computer, internet access, word processing software. ...
  2. Work as a freelance writer. ...
  3. Start a blog. ...
  4. Become a virtual assistant. ...
  5. Become a Transcriptionist. ...
  6. Start a dropshipping business. ...
  7. Become a professional dog walker. ...
  8. Work as a virtual bookkeeper.

How can I make 20k a year on the side?

4 Side Hustles That Earn $20,000 a Year
  1. Dog walker or pet sitter. Average pet-sitting rates: ...
  2. ESL tutoring online. Average ESL tutor rates: $25 to $50 per hour. ...
  3. Virtual assistant. Average virtual assistant rates: $19 to $20+ per hour. ...
  4. Language translation services. Average language transcription rates:

Is 250k a year rich?

The $250,000-plus income bracket roughly represents the top 5% of earners in the country, according to US Census Bureau data. Living paycheck-to-paycheck doesn't necessarily mean hardship, and LendingClub makes the distinction between those can pay their bills easily and those who can't.

How much is rich?

In the U.S. overall, it takes a net worth of $2.2 million to be considered “wealthy” by other Americans — up from $1.9 million last year, according to financial services company Charles Schwab's annual Modern Wealth Survey.

What is a good monthly income?

In the US, an annual salary between $70,000 – $78,000 before tax ($5,800 – $6,500 monthly) is considered to be a good wage in any state.