I’m a teacher but on my way to making £1 million thanks to my easy side hustles – here’s how you can do it too
A WOMAN has opened up on how she’s managing to accrue wealth while continuing her job as a teacher.
Bre Thompson took to her YouTube channel to share the 10 side hustles she’s doing on the side of her day job, which has allowed her to get on the road to making £1 million.
Titled ‘How I’m Becoming a Millionaire on a Teacher’s Salary’, she started the video by sharing: “Let’s talk about the bulls**t lie that because you’re a teacher that you’re forever going to be broke…”
“It’s not true,” she continued and said she would be sharing how anyone on a teacher’s salary can build wealth.
Bre, who is an elementary school teacher, entrepreneur and coach, said one of the best perks about her job is that you “only work 50 percent of the year”.
“I choose to only work during my contract time,” she said, explaining that many people struggle to juggle work during personal time. “I’m still an amazing teacher, I still care so much about my students.
“But I just set a really clear boundary between my teaching life and my personal, investing life.”
She went on to share that her job as a teacher is her main stream of income, which she uses to pay for rent, student loans, groceries and bills.
“I’m able to use my teaching salary to save into my two additional retirement accounts as well as my personal savings account and my investment account as well,” she said.
Working towards “financial freedom”, she then shared the 11 different streams of income she has.
1. Teacher Resources marketplace
Bre explained that she creates “amazing resources and products” that she posts online to a marketplace called Teachers Pay Teachers.
People use the website to sell anything from digital worksheets and posters to learning materials and printable planners.
“It can help so many teachers and students across the country and world,” she said. “This is perfect because I’m already creating so many amazing things in my classroom so why not post it on Teachers Pay Teachers and gain additional income.”
She explained that this is a form of “passive income” for her, as she created a product and posted it on the website for it to be sold.
“I literally make money in my sleep,” she said.
2. YouTube
“YouTube is fantastic because once you become monetised, you are able to make money in your sleep,” she shared.
When ads are turned on in a video, it means you get a percentage of the revenue from Google AdSense, which “equals additional income”.
3. Rental Property
Bre said she makes additional income through the property she owns and rents out.
“Funny enough, this is actually the first investment that I made and I freaking love real estate,” she said.
The blonde beauty said she has tenants living in the property and each month they pay for the mortgage as well as “additional cash flow”.
Bre also makes improvements to the home, which increases the value of it as well as the “happiness of my tenants”.
The additional money also helps her save to buy further property to rent out in the future.
4. Rental Car Business
Bre explained that once her husband got out of the Navy, he tried going to school four different times but it wasn’t his “jam”.
So they created a job that suited him rather than the other way around, which is the rental car business.
The additional income they earn from this allows them to expand the business to get more cars to be able to rent out.
“I do not believe that everyone needs to go to college in order to create financial freedom,” she said. “And provide for a family.
5. Membership Programme
Bre created a High-Vibe programme where she teaches people the “tools, strategies, and resources” needed to create the “life of your dreams”.
With this business, she has a membership programme with a book club full of people “looking to evolve”.
They read one self-development book a month, she offers coaching audios to help people get through contents of the book and she provides workbooks too.
“I love this stream of income because I’m able to take a passion of mine that I have for reading and create this beautiful container for people to come and evolve into their best high-vibe self,” she said.
6. Online Coaching
Speaking about her online coaching gig, she said: “I absolutely love bust through the c**p holding them back, getting through their limiting beliefs and truly creating a life that they love living.”
“That is my true passion, I truly love it,” she continued.
“If you have a passion for anything under the sun, you can become a coach as well. And it can be anything – I’m talking about anything.”
7. Online Courses
“My online courses are something that I’m currently working on right now,” she explained.
“But it’s magical because I’m able to create an impactful course on any topic, I post it and people can purchase it whenever.
“They can purchase it five years from now, whenever.”
She went on to explain that it’s a “passive stream of income as she did the work once but can continue to get money from it throughout time.
8. Etsy
While Etsy is mostly known for the tangible items you can buy on there, including books, accessories and tech, it’s not the only thing that you can get.
“I post digital, downloadable products,” she said. “I, sometimes, am able to post the same exact products from TPT [Teachers Pay Teachers] onto my Etsy shop and just market it towards homeschool teachers.”
She posts everything from budgets sheets to financial planners, which she says is “so much fun”.
Bre has even helped her mom get on Etsy to sell her “beautiful wooden signs” as a means for additional income.
9. Affiliate Marketing
Speaking to viewers, Bre explained: “Affiliate links are working with another company to help promote their product and you’re able to advertise this link on your different social media platforms.”
Listing a few of the options, she said you can post them on YouTube, podcasts or Instagram.
She went on to share that you did all the work to create a dedicated audience across your social media, which means you can leverage that to work with a company to promote their product for compensation.
10. Stock Market
“This is so, so, so simple and it’s something I do every single month,” she said. “When you invest in the stock market, you put money into a company you truly believe in.
“You did the research in the company, you like the company, so you’re choosing to invest in the company.”
Bre said she plans on leaving her money in the stock market for an extended period of time to allow it to build.
“I put my money into my accounts and it builds over time with that compound interest, which is so amazing,” she said.
11. Cryptocurrency
Bre said she invests in what she calls long-term, stable coins.
“It’s a very new and different animal, which is why I’m more interested in letting it sit over a long period of time,” she said.
The risks of buying with cryptocurrencies
Investing and making a purchase in cryptocurrencies such as Bitcoin is risky .
Their value is highly volatile and City watchdog the Financial Conduct Authority has warned investors should be prepared to lose all their money.
Investing in cryptocurrencies is not a guaranteed way to make money.
You should also think carefully about making purchases with a cryptocurrency.
For example, Bitcoin has had wild price fluctuations in recent months and the price can change on an almost hourly basis.
The price of a Bitcoin was at $40,258 on January 9, according to Coindesk, but fell to $34,214 just three days later.
That’s a 15% drop.
These price swings are risky for a business as you could sell an item for a Bitcoin at one price and the value may drop soon after, leaving you with less money from a sale.
Similarly, the price of Bitcoin has soared by more than 21% since the start of this week so it can be hard for a shopper to get an accurate idea of the price of an item if its value changes on a daily basis.