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It is crucial to consider one effective way to make $500 in a month. This by offering freelance services on different kinds of platforms like upwork, fiverr or freelancer. If you have the relevant skills in writing, graphic designing, programming or virtual assistant, you can use this medium to attract client and you would earn steady income from them. It is also important to consider starting a blog or YouTube channel that is mostly focused on niche topic that will catch your interest. When you create valuable content, you can monetize it through advertising sponsorship and affiliate marketing as well .