As a CPA, you are always looking for ways to make more money. You’re already working long hours at your day job and then coming home to do more work!
But it’s time well spent because you’ve got a family that needs your support.
That doesn’t mean the opportunity to earn some extra cash on the side is out of reach though! In this blog post, we’ll explore some fantastic side hustles that CPAS can do in their free time.
- Create a CPA Course
- Create a Youtube Channel
- Create A Blog
- Combine Youtube and Blog
- Create a Tiktok Account
- Become a CPA Tutor
- Buy Rental Properties
- Write Accounting Articles For Blogs
- Consulting
- Conclusion
Create a CPA Course
The CPA exam is one of the hardest courses. Most people rarely pass the first time.
The average pass rate is 50% so the majority of people take it more than once.
If you think you can create a helpful course to get people ready for this exam, you can definitely make a good amount of money selling it.
You would just have to think back on the mistakes you made when you failed, and capitalize on that within the course.
Create a Youtube Channel
As a CPA, creating a youtube channel based on CPAship may be a good side hustle.
There are so many topics within being a CPA, you can teach people different tax tricks and other fun stuff like that.
Once your Youtube channel gets big enough you can start earning money through adsense.
Create A Blog
Google has really cracked down on sites talking about YMYL. This means your money, your life.
They are looking for people with the right credentials to make these sites.
If you want to create a blog, and show off your CPA credentials you can be one of the best blogs in regards to financial topics.
It still is very competitive, but you can do very well if you work hard enough.
Combine Youtube and Blog
You can utilize your blog to start your Youtube channel or vice versa. Once you start making a lot of posts on your blog you can then take that content and turn it into Youtube videos.
If you started Youtube first you can then take those videos and turn them into blog posts.
Start a Tiktok Account
A lot of people go on Tiktok not only for entertainment, but also for educational purposes (at least I do).
Starting a Tiktok and putting up helpful videos every day can start earning you a lot of money by being apart of the Tiktok creator fund.
You can add Tiktok into the mix of your blog and youtube content creation because it’s basically just a shorter version of the content your creating on those platforms.
You are now utilizing one piece of content, to make money on three different platforms.
Become a CPA Tutor
You can become a tutor for people who are trying to pass the CPA exam.
This is a great opportunity to make money while teaching what you know because of the high level of difficulty for this test.
Buy Real Estate and Rent it Out
The average salary of a CPA is around $70,000 per year.
This should give you more than enough to save in order to buy real estate investment properties.
Since you have a very busy schedule as a CPA, doing this may be the most passive way of making an extra income.
It’s not necessarily all good though, as a lot of times you may have problems with the house and sometimes may need to pay for work to be done.
This will cut into your profit.
Write Accounting Articles for Blogs
You can sign up to websites like Fiverr or Upwork.
You can offer to write articles on accounting and finance for blogs, websites, or magazines in exchange for a fee as low as $25.
This is a great way to earn extra income. You can start with a low price to get people in the door and slowly raise it as you get a better client base.
Consulting
You can become a consultant.
You can start with accounting and finance consulting, being a consultant on the side is very good way to make extra money.
The knowledge you have as a CPA is worth the money people will pay you.
Conclusion
There are many side hustles CPA’s can do, its just a matter of consistency and staying in line with your goals when you do them.
Some days will be better than others but it’s important to focus on the long run and keep pushing.
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