While getting a higher education can lead to many job opportunities, it isn’t the only way you can earn an income. There are plenty of other ways to earn money without having a degree. Whether you are a student or simply want a different type of career path, it is possible to earn money with the skills you have rather than a formal education. In this article, we explain how to make money without a degree.
Why people need to make money without a degree
Making money without a degree is a possibility if you find a job or side gig that aligns with your skills and interests. There are many reasons you might want to start your career without earning a degree. Here are a few common reasons:
Desire for a nontraditional career path: While earning a degree is becoming more common among professionals, it’s not the only way to earn a decent income. Some people would rather start their career right away rather than enroll in a higher education program. They may find that there are plenty of jobs they are already qualified for.
Lack of resources: Earning a degree requires a lot of time and money. People looking for a job that doesn’t require a degree may not be in a position where they are able to enroll in a program.
Currently a student: When you are a student, you have yet to earn your degree. Finding ways to make money without having a degree yet can help you support yourself as a student.
Change in careers: You may be looking for ways to make money without a degree if you are trying to make a career change. Even if you already have a degree, you may find that your interests don’t align with the kind of jobs your degree makes you qualified for.
How to make money without a degree
Here are different ways you can make money without a degree, separated by category:
Entrepreneurship
Here are a few ways to make money without a degree if you are a natural-born entrepreneur:
1. Invest in the stock market
If you are someone who is financially savvy, it’s possible to make money in the stock market. While some people like to watch their stocks grow, other people opt to do day trading. When getting into the latter, you can spend your entire day trading short-term stocks, making this a full-time job.
2. Start your own business
Many people enjoy being their own employer, which is one reason they choose to start their own business. If you are an entrepreneur at heart, start thinking of different products or services that might be profitable.
3. Sell stuff online
Along with getting rid of clutter, selling your old stuff online is a great way to make some extra cash. Those who are really savvy at online sales even start their own eCommerce shops. While a background in business might be helpful, you can do a lot of self-teaching online.
