How to Make 6 Figures As A Finance Manager? (11 Best Ways in 2024)
So you want to make six figures as a Finance manager? Good for you! Being a Finance manager is a highly respectable and well-paid profession, and there's no reason why you can't earn a high income if you put your mind to it.
In this blog post, we'll look at some of the best ways to make more money as a Finance manager - business ideas you can start to achieve such income. Keep reading to learn more!
1. Start a youtube channel ($146K/month)
Starting a YouTube channel could be a lucrative way for a finance manager to supplement their income and work towards making six figures. By sharing your expert financial insights, you could build a dedicated audience interested in topics such as investment strategies, budgeting, and financial planning.
Once you reach the minimum threshold of 1,000 subscribers and 4,000 watch hours, you could join the YouTube Partner Program and start generating revenue through ads. Additionally, leveraging your channel’s popularity, you could explore sponsored content, affiliate marketing, or even offer premium financial consulting services.
By consistently creating engaging and valuable content, you could build a successful YouTube channel that not only enhances your reputation but becomes a significant income stream.
How much you can make: $800 — $1,000,000/month
How much does it cost to start: $750 (?)
How long does it take to build: 90 days (?)
Time commitment per week: Min. 5 hours/week
Learn how this entrepreneurial couple made $5-7k a month by helping others find legitimate work from home jobs and creative ways to make money online through their blog and YouTube channel, as well as offering two flagship products designed to help beginner freelancers and new bloggers accelerate growth.
2. Digital products ($242K/month)
As a finance manager, supplementing your income with digital products could present a lucrative opportunity to make six figures. Digital products are highly rated for their ease of creation and sharing, requiring minimal initial investment. You could leverage your expertise by developing information-based products such as eBooks, online courses, or even a membership site tailored to finance professionals.
Additionally, digital products offer virtually infinite scalability without the burden of physical inventory. You could sell these products directly from your website, enabling you to reach a broader audience and generate passive income. This entrepreneurial endeavor not only diversifies your income streams but also positions you as an authority in your field.
How much you can make: $10,417 — $1,766,666/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 60 days (?)
FilterGrade is an eCommerce platform offering digital assets such as photo filters and video templates; attracting over 450,000 monthly users and generating approximately 30k a month, the founders worked hard to build a valuable marketplace for creators while focusing on digital marketing, partnerships, and content creation.
3. Start a blog ($44.9K/month)
Starting a blog could significantly supplement your income as a Finance Manager. With 77% of internet users reading blogs, you have the potential to reach a massive audience by sharing your expertise in finance, personal budgeting, or investment strategies. This platform not only allows you to establish yourself as an authority in your field but also opens avenues for monetization through ad revenue, sponsored posts, and affiliate marketing.
Given that blogs are considered one of the most trustworthy sources of online information, your content could attract a loyal readership. Consistently offering valuable insights could lead to opportunities for additional income streams such as premium memberships, online courses, or even consultancy services. Over time, these revenue channels could collectively help you reach, and potentially surpass, the six-figure mark.
How much you can make: $100 — $650,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 30 days (?)
Time commitment per week: Min. 5 hours/week
Learn how one couple created a successful personal finance blog, The Savvy Couple, that now makes over $20,000 per month and has sold thousands of digital workbooks and courses, by focusing on purposeful content and optimizing their ROI with efficient time management.
4. Start a podcast ($97.9K/month)
Starting a podcast could significantly supplement your income as a Finance Manager, enabling you to edge closer to making six figures. By leveraging your expertise and passion for finance, you could create engaging audio content that educates and informs listeners about financial management, investments, and strategic planning. This not only establishes you as a thought leader in your field but also opens up monetization opportunities through sponsorships, advertising, and premium content.
Launching a podcast doesn’t require a hefty investment; you could begin with basic recording equipment like a microphone and headphones, and utilize free or affordable hosting platforms. By promoting your podcast through social media, online communities, and leveraging your professional network, you could quickly build an audience. As your listener base grows, you could attract sponsors or advertisers, adding a lucrative revenue stream to your primary income.
How much you can make: $400 — $1,020,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 60 days (?)
Time commitment per week: Min. 2 hours/week
A successful podcast production company that grew from one client making $15/hour to a team of 10 contractors producing over 30 shows per week with revenue of over $10k/mo, primarily through referrals and with a focus on providing high personal touch and being picky about working only with clients who are a good fit.
5. Start a career coaching business ($48.5K/month)
Starting a career coaching business could be a lucrative way for you, as a Finance Manager, to bolster your income and potentially reach six figures. By leveraging your expertise in finance, you could offer specialized coaching tailored to professionals in your field. You could help clients navigate professional transitions, enhance their resumes, and prepare for critical interviews, sharing insights from your own career journey.
As a career coach, you could have the flexibility to meet clients either in-person or virtually, making it easier to balance this side venture with your existing role. This entrepreneurial path allows you to monetize your strong people skills and further develop your motivational abilities. By building a loyal client base, you could not only empower others but also achieve significant financial rewards.
How much you can make: $1,000 — $235,000/month
How much does it cost to start: $1,500 (?)
How long does it take to build: 60 days (?)
Wall Street Oasis, the largest online community focused on careers in finance, has over 100 million visitors during its 14-year history and is currently receiving over 2 million visits per month, offering interview courses and mentorship services, in addition to building and investing in a thriving online community.
6. Start an ecommerce store ($287K/month)
Starting Side Hustles to Broaden Your Income
As a finance manager, you could supplement your income and work towards making six figures by starting an ecommerce store. With lower overhead costs compared to traditional brick-and-mortar businesses, an ecommerce store allows you to leverage your financial acumen to optimize profitability. By selling products or services online, you gain the flexibility to manage the business alongside your full-time job, thereby maximizing your income without compromising your primary responsibilities.
Given the current boom in ecommerce due to its convenience and efficiency, there is a significant potential to reach a wider audience. Consumers are increasingly favoring online shopping for its ease and accessibility, offering a lucrative market for your side business. Setting up an ecommerce platform involves establishing a website and integrating payment processing software, shopping cart software, and inventory tracking tools—all manageable for someone with your financial expertise. This entrepreneurial venture could be a practical and profitable avenue to achieving your financial goals.
How much you can make: $350 — $13,500,000/month
How long does it take to build: 120 days (?)
Time commitment per week: Min. 5 hours/week
Southern Elegance Candle Company, founded by D'Shawn Russell, started as a side hustle making around $200 per weekend at a local Farmers Market, but now averages approximately $20,000 per month in sales across their retail site, wholesale site, and Faire.
7. Start a social media marketing agency ($386K/month)
Starting a social media marketing agency could offer a lucrative pathway to supplement your income as a Finance Manager. This entrepreneurial venture allows you to utilize automated social media marketing tools, significantly reducing the amount of time required to manage client accounts. With an effective social media strategy and a robust agency portfolio, you could attract and serve clients efficiently, allowing you to clear your utility bills, finance further education, or save for that dream vacation.
Additionally, leveraging your analytical skills from your finance background could help you create data-driven marketing strategies, giving your agency a competitive edge. By successfully managing multiple client accounts, you could scale your agency and potentially achieve a six-figure income, providing substantial financial freedom and enhancing your career portfolio.
How much you can make: $1,000 — $4,166,667/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 75 days (?)
Time commitment per week: Min. 30 hours/week
How David Tile turned a freelance writing gig into an $80k/month business, discussing lessons learned through managing growing demands and maintaining a remote team operation.
8. Become an affiliate marketer ($55.3K/month)
An affiliate marketer business could be an excellent way for you to supplement your income as a Finance Manager and potentially reach six figures. By promoting other companies' products or services and earning a commission for each sale through your referral, you utilize your existing analytical and strategic skills in a new, profitable way.
With minimal upfront investment required, starting an affiliate marketing business allows you to leverage your marketing acumen to drive traffic and sales without needing to create or manage products yourself. Signing up for affiliate programs and using unique tracking links to track your sales efforts can provide an additional revenue stream with flexible work hours, fitting well with a busy finance career.
How much you can make: $18,000 — $83,000/month
How much does it cost to start: $100 (?)
How long does it take to build: 150 days (?)
This case study explores how Spencer Mecham founded Buildapreneur, an affiliate marketing business, and has made over half a million dollars in profit with no employees, relying solely on content marketing through platforms like Facebook, YouTube, and TikTok.
9. Start a freelance writing business ($62.6K/month)
Starting a freelance writing business could be a lucrative side hustle for a Finance manager looking to make six figures. By leveraging your industry expertise and strong writing skills, you could create content for financial blogs, whitepapers, and industry reports, thereby positioning yourself as an authority in the finance domain.
Freelance writing offers the flexibility to work around your primary job, allowing you to write during your own hours from anywhere. With your ability to meet deadlines and stay on top of current trends, you could steadily build a portfolio and client base, eventually translating that into a significant and scalable income stream.
How much you can make: $700 — $500,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 56 days (?)
How David Tile turned a freelance writing gig into an $80k/month business, discussing lessons learned through managing growing demands and maintaining a remote team operation.
10. Become a social media influencer ($57.4K/month)
As a Finance Manager with a flair for communication, you could leverage social media platforms like Instagram, YouTube, Facebook, or TikTok to build a personal brand related to finance advice. By consistently sharing valuable insights and practical tips within this niche, you could attract a large following, establish credibility, and become a trusted voice in the finance industry.
Brands related to finance products, investment tools, and financial services are always on the lookout for influencers who can authentically connect with their target audience. With the right strategy, you could secure brand sponsorships, affiliate partnerships, and even paid collaborations, contributing significantly to a six-figure income. Starting as a social media influencer provides a flexible, supplementary income stream while allowing you to stay deeply engaged in your core area of expertise.
How much you can make: $2,500 — $166,666/month
How much does it cost to start: $800 (?)
How long does it take to build: 155 days (?)
How one mother built a profitable frugal motherhood, life, and travel blog from scratch, using Instagram, Pinterest, and paid sponsorships to grow from 0 to 18.5K followers and generate $1,500-$3,000 per month in less than two years.
11. Create an online course ($82.8K/month)
Starting an online course could significantly boost your earnings as a Finance Manager by allowing you to monetize your expertise and instructional talents. You could identify educational gaps in finance-related topics, such as advanced financial modeling, investment strategies, or risk management, and create engaging video lessons along with supplementary materials to fill these gaps.
This entrepreneurial venture involves low startup costs and has the potential to generate passive income, as students can engage with your content at their own pace. By serving lifelong learners seeking convenient access to specialized knowledge, you open up a supplementary income stream that could eventually grow into a highly profitable side business or even a full-fledged enterprise.
For those who enjoy sharing information and helping others succeed, launching an online course platform offers a scalable and lucrative opportunity to maximize your earnings while leveraging your existing skill set.
How much you can make: $275 — $1,000,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 88 days (?)
Learn how one couple created a successful personal finance blog, The Savvy Couple, that now makes over $20,000 per month and has sold thousands of digital workbooks and courses, by focusing on purposeful content and optimizing their ROI with efficient time management.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
