By Cindy Teh, edited by Jackie Tan
What is SkillsFuture?
By now, I’m sure all of you and your grandmother knows what SkillsFuture is. Basically, the government gives EVERYONE 25 years old and above (yes, everyone, even your great-great-grandfather if he’s still alive and kicking) $500 in SkillsFuture credits to pursue a course or programme for upgrading your skills and gaining superpowers*!
Here at fundMyLife, we are all about empowering people to make sound financial planning decisions. So we thought, what are some of the ways in which we can use our SkillsFuture credits to earn some cash? This ain’t no quick get rich scheme, I’m afraid. This is about investing in yourself and picking up new lifelong skills that would generate extra bucks for you in the long run (read: side gigs).
Let’s get started! Money isn’t gonna just fall into your lap, you know!
1. Become a Personal Trainer
Are you already into fitness and eating well? Take a course on the human anatomy and nutrition and get certified. Superboost your health knowledge and you can either save some money on hiring your own trainer or earn some money by training people. Personal Trainers get to choose their own schedules and most people are only free on weeknights and weekends anyway, which means you don’t even have to leave your day job! Moreover, you get to yell at random strangers to motivate them – a true win-win.
Personal Trainers charge between $50 – $120 per hour.
2. Become a DJ
DJs charge at least $60 per hour.
3. Be a Copywriter
Can’t write? Don’t worry! For only 8 hours of your life, you’ll develop skills in writing awesome, compelling articles! Businesses (especially online ones) are always looking for copywriters to create copy for their products or services. Learn copywriting, and you can even freelance for us!
Depending on the type of content needed (press releases, blog posts, articles); most Copywriters charge at least $30 per hour!
4. Be a Photographer
I’m sure you saw this coming. Everybody needs a photographer be it for weddings, for new babies, for portraits, for a new spouse, etc. Learn how to work with cameras and enhance images digitally, and you’ll never have a bad Facebook profile pic again. Spend your weekends taking photos for other people, and you could get good enough that someone would bring you on an overseas photoshoot!
Photographers charge upwards of $50 per hour depending on the type of assignment.
5. Be a Graphic Designer
This has to make the list. It is probably one of the most common side gigs you’ll hear about. Be trained in Adobe Illustrator, or Photoshop, or InDesign, and design your own brand logo for your side hustle instead of paying others to do it.
Freelance Graphic Designers charge $20-$50 per hour (at the low end), to more than $300 per hour! This also brings us to…
6. Be a Web Designer
Another common side hustle! Web design is a popular side gig among freelancers and digital nomads because all you need is an internet connection and you can work with clients from anywhere in the world. Even if nothing comes out of it, you now know how to create an awesome fan site for your favourite GoT character.
Web Designers charge upwards of $40 per hour, depending on their skills and experience.
7. Be an App Developer
Technology moves the world – don’t get left behind! The skill ceiling is high, and you might have to put in a little more time and effort to master this one. However, once you master it, you can charge between $30 – $180 per hour! Scarcity for good technical help also means your skills are always in demand.
8. Be a Drone Pilot
Not kidding, this course promises to teach you how to start your own aerial filming business in 2 weeks! Get in there quick while there’s not too much competition around yet.
Google tells me that drone operators can charge from $200 per hour to $5000 per session!
9. Become a Hairstylist for events
This is perhaps more for the ladies, but we’re all about human rights and equality here! No one should tell you what you can or cannot do – forget about gender norms!
Bridal Hairstylists can charge $100 per updo!
10. Be a Career Coach or Life Coach
Are you the enthusiastic grab-life-by-the-balls type? Are you your loved ones personal cheerleader? Do you love helping people? Do your friends always tell you that you have an inspiring life story? Consider coaching as a side hustle.
You get to choose your own working hours, and nowadays you can even coach people over Skype so you are no longer restricted by geography!
Career coaches typically charge upwards of $70 per hour.
That’s all, folks!
Here are 10 ways to convert your SkillsFuture credits into cash, through a little bit of investment of your time and effort. We never did say it’s easy after all, but it’s important that you take charge of your life!
…or you could just put your feet up and watch the next episode of GoT. We won’t judge.
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