15 Best Ways to Make $20k a Month (2024)

By Forrest McCall •  Updated: 02/21/24 •  14 min read

Want to make $20k a month? $240,000 is a large income, but it's possible. Here are some great ways to make $20,000 a month or more.


Some of the best ways to make $20k a month include:

1. Start Blogging

If you're looking to make $20k a month, starting a blog could be a great way to achieve your goal. Blogging allows you to earn money through various methods, such as advertising, affiliate marketing, and sponsored content.

Even better, it's passive income. So once your blog is up and running, it doesn't require a ton of work to make money!

To start a blog, you don't need any special skills or knowledge. There are many platforms available, such as WordPress that make it easy to create and manage a blog.

Once you have your blog up and running, you can start earning money by monetizing your content. One way to do this is through display advertising.

Another way to monetize your blog is through affiliate marketing. This involves promoting products or services on your blog and earning a commission for each sale that is made through your unique affiliate link.

Finally, you can also earn money through sponsored content. This involves partnering with brands or companies and creating content that promotes their products or services.

In conclusion, starting a blog can be a great way to make $20k a month. With the right platform and monetization strategies, you can turn your blog into a profitable business.

2. Start a Side Hustle

If you're looking to make $20,000 fast, starting a side hustle may be the way to go. Side hustles are a great way to earn extra income while still working your day job. Plus, they can eventually turn into a full-time business if you're willing to put in the effort.

There are many service-based business ideas that you can turn into a side hustle. For example, you could offer pet sitting with Rover, dog walking, or tech setup services. These are all in-demand services that people are willing to pay for.


Additionally, you could deliver food with platforms like Doordash. This is an easy way to make some extra cash whenever you have some free time.

While starting a side hustle may not pay you $20,000 right away. You can invest your earnings and grow it into more money to reach your goal.

3. Freelancing

If you have a skill set that can be used by others, freelancing is a great way to earn money. Websites like Upwork and Fiverr are great platforms to find freelance work.

To be successful in freelancing, you need to have a strong portfolio that showcases your skills. You should also be able to communicate well with clients and deliver work on time. The more satisfied clients you have, the more opportunities you will get.

One of the benefits of freelancing is that you can set your own rates. However, you should be realistic and competitive with your pricing. You don't want to price yourself out of the market, but you also don't want to undervalue your skills.

Freelancing can be a great way to make money, but it does require effort and hard work. You need to be proactive in finding clients and delivering quality work. If you're willing to put in the effort, freelancing can be a lucrative way to earn $20k a month.

Here's a great video on how to get started.

4. Start a Local Business

If you're an entrepreneur looking to make $20,000 a month, starting a service-based business in your local market could be a great option.

First, you'll need to come up with a solid business plan that outlines your offerings, target market, and pricing strategy.

Once you have your plan in place, it's time to start marketing your business to potential customers. You can use social media, local advertising, and word-of-mouth to get the word out. It's important to offer a high-quality service and provide excellent customer service to keep your clients happy and coming back for more.

Some examples of service-based businesses that could be successful in your local market include cleaning services, lawn care, pet care, and personal training. These types of businesses can be started with relatively low overhead costs and have the potential to bring in a steady stream of income.

Starting a local business can be a great way to make $20,000 a month, but it's important to remember that it takes hard work and dedication to succeed. With the right mindset and a solid plan, you can turn your entrepreneurial dreams into a reality.

5. Land a High Paying Job

If you're looking for a stable income stream, landing a high paying job is a great option. Start by researching industries that pay well and align with your skills and interests.

In addition, consider improving your skills through education and training programs. This will not only make you a more competitive candidate but also increase your earning potential.

Networking is also important when it comes to landing a high paying job. Attend industry events, join professional organizations, and connect with others in your field. This can lead to job opportunities and valuable connections.

Remember to negotiate your salary when offered a job. Research the market rate for your position and experience level, and don't be afraid to ask for what you're worth.

By focusing on your skills, market demand, and negotiating power, you can land a high paying job and achieve your goal of making $20,000 a month.

6. Investing in Real Estate with Arrived

If you're looking to make passive income through real estate investment, Arrived is a platform worth considering. With Arrived, you can invest in real estate properties without the hassle of managing them yourself and you can get started with just $100.

Arrived Homes Investing

Arrived offers a variety of investment options that allows you to invest in properties across the United States, giving you the opportunity to diversify your portfolio.

One of the benefits of investing with Arrived is the potential for high returns. Of course, returns are not guaranteed, and there is always some level of risk involved with any investment.

Investing with Arrived is also a great way to achieve your financial goals. Whether you're looking to supplement your income or build long-term wealth, real estate investment can be a smart choice.

Overall, if you're keen on investing in real estate but don't want the hassle of managing properties yourself, Arrived is a great option to consider. With their platform, you can invest in real estate properties across the United States and potentially earn a solid return on your investment.

7. Invest in Stocks with Acorns

If you're looking to make $20k a month, investing in stocks with Acorns could be a great option. Acorns is an investment app that allows you to invest your spare change in a diversified portfolio of ETFs. You can also set up recurring investments to help you grow your portfolio over time.

Acorns Investing

One of the great things about Acorns is that it's easy to use. You can set up an account in just a few minutes and start investing right away. Plus, Acorns offers a range of investment options to choose from, so you can find the right portfolio for your needs.

Of course, like any investment, there are risks involved with investing in stocks with Acorns. However, if you're willing to take on some risk, investing in stocks with Acorns could be a great way to grow your wealth over time. So why not give it a try and see how much you can make?

8. Flip Websites

Looking to make a decent amount of money online? Consider flipping websites! This method involves buying a website for a low price, improving it, and then selling it for a profit. It's a great way to make money if you have some website development skills and a keen eye for what makes a website valuable.

To start, look for websites that have potential but need some work. You can find these on online marketplaces or by doing a quick Google search. Once you have found a website, buy it for a low price and spend some time improving it. This could involve improving the content, optimizing the website for search engines, or making it more user-friendly.

Once you have made improvements to the website, it's time to sell it. You can sell it on online marketplaces or even reach out to potential buyers directly. The key is to sell it for a higher price than what you bought it for.

Flipping websites can be a great way to make money online. It's a low-risk way to start an online business, and you can make a good amount of money if you do it right. So why not give it a try?

9. Grow a YouTube Channel

If you're looking to make $20k a month, growing a YouTube channel can be an excellent way to do so. With the right video content and marketing strategies, you can attract a large audience and monetize your channel.

To start, you'll need to develop a solid content strategy. This means creating videos that are engaging, informative, and relevant to your target audience. You'll also need to optimize your videos for SEO, so they show up in search results.

Once you've created your videos, you'll need to promote them to attract viewers. This can be done through social media, email marketing, and other online channels. You can also collaborate with other YouTubers to cross-promote your channels and reach new audiences.

To monetize your channel, you can use a variety of methods, including advertising revenue, sponsorships, and merchandise sales. You'll need to build a large enough audience to attract advertisers and sponsors, but with the right strategies, it's possible to make a significant income from your channel.

Overall, growing a YouTube channel requires hard work and dedication, but it can be a rewarding way to make money online. With the right content and marketing strategies, you can turn your passion for video into a lucrative business.

10. Start a Podcast

If you have a unique perspective or expertise on a particular subject, starting a podcast can be a great way to make money online. With a podcast, you can share your knowledge with others and build a loyal following.

The key to monetizing your podcast is to build a strong audience. You can do this by creating high-quality content that is both informative and entertaining. Once you have a large audience, you can start monetizing your podcast through sponsorships, affiliate marketing, and other means.

One of the best things about podcasting is that it requires very little money to get started. All you need is a microphone and a computer, and you can start recording your first episode. Over time, you can invest in better equipment and software to improve the quality of your podcast.

Overall, podcasting is a great way to make money online while sharing your knowledge with others. With hard work and dedication, you can build a successful podcast that generates significant income.

Here's how to get started.

11. Affiliate Marketing

Whether you're looking to make $50k a month or $20k a month, affiliate marketing is an excellent way to do so. With affiliate marketing, you promote other people's products or services and earn a commission for each sale you make.

To get started with affiliate marketing, you'll need to find a product or service to promote. Look for products that are relevant to your audience and that you genuinely believe in. You don't want to promote something that you don't believe in, as this will come across as insincere to your audience.

Once you've found a product to promote, you'll need to sign up for the affiliate program. Most companies that offer affiliate programs have an application process, so be prepared to fill out some information about yourself and your website.

When promoting the product, be sure to disclose that you're an affiliate. This is required by law in most countries. You can do this by including a disclaimer on your website or in your social media posts.

To maximize your affiliate income, focus on promoting products that offer high commissions. Look for products that offer commissions of 30% or more. Additionally, consider promoting products that offer recurring commissions. This means that you'll earn a commission each time the customer renews their subscription or makes a repeat purchase.

In conclusion, affiliate marketing is a great way to make $20k a month. To get started, find a product to promote, sign up for the affiliate program, and start promoting the product to your audience. Remember to disclose that you're an affiliate, and focus on promoting products that offer high commissions.

12. Rent Things Out

If you have a car or any other valuable assets that you don't use frequently, you can rent them out to make some extra cash. One of the most popular platforms for renting out cars is Turo. With Turo, you can rent out your car to people who need it and make money in the process.

The best part about renting out your car is that it is a passive income stream. Once you list your car on Turo, you don't have to do anything else. Turo takes care of everything, from managing the bookings to handling the payments.

If you don't have a car, you can still rent out other things like your home, your tools, or your electronics. There are several websites that allow you to rent out your things, such as Airbnb, Fat Llama, and Loanables.

Renting out your things is a great way to make some extra money without having to invest a lot of time or effort. It's also a good way to declutter your home and get rid of things that you don't use anymore.

13. Investing in Cryptocurrency with Binance

If you're looking to make money online, investing in cryptocurrency can be a great way to do it. One platform that can help you get started is Binance.


Binance is a cryptocurrency exchange that allows you to buy, sell, and trade a wide variety of cryptocurrencies. The platform is known for its low fees and user-friendly interface, making it a great option for beginners.

To get started with Binance, you'll need to create an account and verify your identity. Once you've done that, you can fund your account with a variety of cryptocurrencies or fiat currencies.

Overall, if you're looking to make money with cryptocurrency, Binance is a great platform to consider. With its low fees, user-friendly interface, and wide variety of investment options, it's a great option for both beginners and experienced investors alike.

14. Sell Online Courses or Digital Products

If you have a skill or expertise that others are interested in learning, creating and selling an online course or digital product can be a great way to make money. Platforms like Teachable make it easy to create and market your course or product.

To get started, think about what you are passionate about and what you can teach others. Once you have your idea, create an outline and start recording your content. You can use tools like Zoom or Loom to create your videos.

Once your course or product is ready, you can start marketing it to your audience. Use social media and email marketing to promote your offering and attract potential buyers. You can also offer discounts or bonuses to incentivize people to buy.

Remember, creating and selling an online course or product takes time and effort, but it can be a lucrative way to make money while sharing your knowledge with others.

In fact, I know some creators who make over $100k a month selling online courses!

15. Open an Online Store

Starting an online store can be a great way to make money online.

While it can take some money to get started, it can be very profitable and you can certainly make $20,000 a month if not more.

This method offers the flexibility to sell a wide variety of products, from handmade goods to digital products, and allows you to reach customers around the globe.

With the right marketing strategy and customer service, your online store can grow significantly, enabling you to achieve financial success while operating from the comfort of your own home.

Final Thoughts

There are plenty of ways to earn $20k a month. I recommend starting by freelancing your skills, starting a business, or becoming a content creator online. Remember to stick with it – you likely won't make $20k a month overnight.

Forrest McCall

Forrest is passionate about helping others grow their passive income streams so they can reach financial freedom. He has been quoted in many popular finance publications including Business Insider, Bankrate, CNET Money, and more.