Amobi Okugo plays for Austin Bold FC in the USL professional soccer league, and he's passionate about financial literacy. So passionate, in fact, that he started a site called A Frugal Athlete to teach his fellow athletes about smart money moves.
Okugo knows there will come a day when he can't play professionally anymore, and he's preparing for it by building a strong financial foundation. His plan includes several side hustles that have helped pay bills along the way.
"We have a lot of free time as athletes," he tells Grow. "I use the side hustles to pay for groceries or to put back into the [A Frugal Athlete] business."
Here are some of the side hustles Okugo has tried and recommends, as well as his tips to get started using them to earn money.
Okugo knows that as a professional athlete, he's become an expert in his field. That makes "showing people the road map" to success easier, he says: "You can do it because you've done it."
The athlete uses sites like CoachList, CoachUp, and CoachTube to find clients who want one-on-one training in soccer or fitness in general, and charges $50 per hour for his work. He also teaches elite soccer camps for kids that last about four weeks at a time, with cheaper rates for those larger groups.
You don't have to be a professional athlete to leverage your expertise. If you have know-how in figure drawing to geometry, consider offering classes on sites like Outschool or tutoring on sites like Varsity Tutors. You can also create a class for download on sites like Udemy and start to build up a passive income.
Video by Courtney Stith
Playing in Portland, Oregon, in 2015, Okugo discovered Turo, a platform on which car owners rent out their vehicles. He signed up and very quickly "someone reached out that wanted to use my car for the weekend," he says. "So that weekend I just carpooled with a teammate of mine and they picked up the car. Next thing you know, I got $300 in my account." Okugo stopped using the platform after the lease on his car ended.
Another platform on which you can rent out your car is HyreCar, where car owners rent out vehicles for $29 to $100 per day and typically make about $800 per month, according to the company's senior vice president of strategic partnerships Brian Allan.
Cars aren't the only possession worth renting out: You can list your bike on sites like Spinlister, where owners rent out their bikes for $15 per hour or $20 per day, for example, or rent out an instrument on sites like Fretish, where a French horn is going for $50 per day.
Video by Stephen Parkhurst
Okugo makes money taking surveys online on sites like Survey Squad, Engage Studies, and User Interviews. Before companies put their products out on the market, including apps and websites, they test them out through market research companies.
He has signed up for some of these sites and in some months has been handsomely rewarded for his time. "One month back-to-back I had the opportunity to be on four surveys and I ended up making $400."
If you're interested in taking surveys online, you could also consider signing up on sites like Shifrin~Hayworth, Focus Group, Find Focus Groups, or UserTesting.
"You can literally monetize anything," Okugo previously told Grow. "So be creative. There's not just one way to have a side hustle."
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