How I Paid Off £12.5k Debt in One Year with Unique Side Hustles and Earned £1,000
MONEY SAVER: I PAID £12.5K OF DEBT IN A YEAR TRYING OUT OBSCURE SIDE-HUSTLES AND MADE £1,000 FROM EASY METHODS ANYONE CAN TRY
Source: The Sun
Overview of Lisa Ebsworth's Journey
After struggling financially, Lisa Ebsworth, a 43-year-old freelance expert, decided to explore various side-hustles to generate extra income. In just a year, she managed to pay off over £12,300 in debt.
Side-Hustles Tried
- Walking Apps
- Online Surveys
- Writing an E-book: Her most profitable side-hustle, generating £1,000 by selling for £5 each.
Strategies for Debt Clearance
Lisa implemented a structured approach to ensure that every penny earned went towards paying off her debt:
- She created a separate account for side-hustle earnings to avoid the temptation of spending.
- Documented her financial journey on TikTok, eventually amassing 40,000 followers in a year.
Top Earnings from Side-Hustles
Here are the most significant earners from her journey:
- Digital Products: Made £15,000 overall from e-books and courses.
- Referrals and Affiliates: Approximately £3,000.
- Online Surveys: About £2,000 from consistent effort.
Social Media Influence
Through engaging content and monthly earnings recaps, Lisa’s TikTok posts attracted massive views, with one particularly successful post earning her £800 alone.
Challenges Faced Along the Way
Despite her success, Lisa faced challenges, including:
- Initial discomfort with sharing her financial journey.
- Negative comments and trolling that questioned her success.
Resilience in the Face of Criticism
Lisa persevered, motivated by her goal of financial freedom, which propelled her to continue documenting her progress and sharing her knowledge.
Conclusion and Future Goals
Having eliminated her debt, Lisa is now setting her sights on paying off her mortgage within the next two years. Her journey serves as an inspiration for others looking to explore side-hustles as a viable means to achieve financial independence.
