5 Successful Celebrity Side Gigs You Didn’t Know About

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The lifestyles of the rich and famous can be pretty amazing. From luxurious European vacations to expensive purchases, celebrities can afford to spend hundreds of thousands without even thinking about it.

Cannes we’re here! 👻 KimKardashian

A post shared by Kim Kardashian West (@kimkardashian) on

However, not every celebrity is comfortable spending all that money. In fact, several have side gigs to establish another income stream to diversify their finances; it’s a big part of their money-making philosophies.

Here are five celebrities with some serious side hustles.

1. Erykah Badu

Grammy-winning singer and songwriter Erykah Badu has a lucrative career producing and recording albums. She’s also an actress who has starred in acclaimed films like “The Cider House Rules.”

Despite her success in the music and entertainment industries, Badu has another calling: delivering babies as a certified doula.

A doula provides mental and physical help to an expectant mother before, during, and after labor. Since she started her side career as a doula, she has helped bring 40 babies into the world, reported online health resource BlackDoctor.

Badu discovered her passion after helping a friend through labor.

“I’ve always had a mothering nature,” she said in an interview with People. “But I didn’t plan on becoming a doula. I just wanted to care for my family and friends. When I saw the baby, I cried. I knew what I was supposed to do with my life.”

According to Parents.com, Badu is also working toward earning a midwifery certification. Once she has achieved that goal, she plans to open birth centers in inner-city neighborhoods.

Badu does not list her rates for her services publically. However, the typical doula charges between $500 and $3,500, depending on where they live.

2. Scarlett Johansson

As a talented actress, it would seem like Scarlett Johansson has had a privileged life. But that wasn’t always the case. Earlier this year, she appeared on “Inside the Actors Studio” and revealed that she struggled with poverty as a child.

“By the time my twin brother and I came around, I think my parents’ marriage … had a lot of strain,” she said on the Bravo TV show. “We were living on welfare; we were on food stamps. My parents were raising four kids in a low-income household in Manhattan.”

That’s why it was such a big deal for her when she opened a gourmet popcorn shop last year. She’s now balancing her store with her huge movie career.

“It has been a dream of mine and my family for several years to bring our favorite American snack to our favorite European City,” she said in a statement. “My hope is for Yummy Pop to become a Parisian snacking staple and a symbol of friendship between my two most beloved cities, Paris and New York.”

3. Dwayne ‘The Rock’ Johnson

Dwayne “The Rock” Johnson might be the ultimate side hustler, with several different jobs to bring in more money.

Behind his drive is a tough upbringing. His parents struggled to afford the basics, and they faced eviction and vehicle repossession.

“We were living in an efficiency that cost $120 a week,” he told the Hollywood Reporter. “We come home, and there’s a padlock on the door and an eviction notice. My mom starts bawling. She just started crying and breaking down. ‘Where are we going to live? What are we going to do?'”

His mother tried to do her best for her son, but they moved 13 times during his childhood.

“That was the tipping point,” he told the Hollywood Reporter. “It was about, ‘What can I control with these two hands?’”

He became a top professional wrestler and later, an actor. But along the way, he’s kept multiple income streams coming in. He now runs a small production company, appears on television shows as well as movies, and is writing his second memoir.

With many different sources of income, Johnson ensures he’ll always have money coming in — and will never have to worry about eviction notices again.

4. Jay Leno

Check out the 3 wheel motion of the @vanderhall on YouTube 📺👍🏾 #jaylenosgarage #vanderhall

A post shared by Jay Leno’s Garage (@jaylenosgarage) on

Jay Leno is well-known for his career as the long-time host of “The Tonight Show” and his multimillion-dollar car collection.

However, Leno isn’t the type to spend every penny. Ever since he started working, he made sure to diversify his income streams to bring in extra money.

“I always had two incomes,” he told CNBC. “I’d bank one, and I’d spend one.”

When he was just starting out, he lived off his earnings as a comedian and saved the money he made working at a car dealership. Later, even with huge contracts and television deals, he still worked multiple jobs. He says that policy gives him peace of mind.

“So many people get to be the age I’m at now, and they’ve got nothing because they just blew it all,” he continued. “I put my money in a hammock and say, ‘You relax. I’m going to go work.’ And when I come back, I put some more money in the pile.

“It sounds ridiculous, but if everything ends tomorrow, I know I’ll be fine.”

5. Jeremy Renner

To the end of a goodnight!! 🍸 #oscars #celebration

A post shared by Jeremy Renner (@renner4real) on

Jeremy Renner is a well-known actor recognized for his roles in movies like “The Hurt Locker” and “The Avengers.” But despite his acting career, Renner has another side hustle: flipping houses.

He got started when he was trying to launch his acting career. Like many new actors, Renner was broke. According to Business Insider, he and his friend pooled what money they did have and bought an older home together.

Originally, they didn’t intend to sell it. They just did small renovations to make it more livable, like adding a second bathroom — but then someone offered them double what they paid for the home. That experience helped them get interested in flipping homes, and the pair has sold more than 20 properties since they got started, reported Realtor.com.

Renner credits his side gig with keeping him grounded.

“You run into the Beverly Hilton to do ‘Extra,’ and then you have a meeting here, and then you go to a red carpet,” he said in an interview with The Wrap. “And between all these things, I’m going to pick out tile. I go back to this dirty job site in a suit so that I can tell the electrician where to put light switches. It’s just a little moment of reality.”

Everyone needs multiple income streams

Although you might not have the same earning potential as Scarlett Johansson or Dwayne Johnson, having multiple income streams is important for your financial security. Having other sources of money can help protect you in the case of an emergency, such as losing your job.

If you’re ready to launch a side gig, here are some of the best side hustles to get you started. And who knows: Maybe it will even be the start of your own empire.

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1 Important Disclosures for Laurel Road.

Laurel Road Disclosures

  1. VARIABLE APR – APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 1-month London Interbank Offered Rate (LIBOR) (currency in US dollars), as published on The Wall Street Journal’s website. The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 1-month LIBOR index changes.

2 Important Disclosures for SoFi.

SoFi Disclosures

  1. Student Loan RefinanceFixed rates from 3.999% APR to 7.804% APR (with AutoPay). Variable rates from 2.480% APR to 7.524% APR (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 2.480% APR assumes current 1 month LIBOR rate of 2.07% plus 0.91% margin minus 0.25% ACH discount. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. *To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score
  2. Terms and Conditions Apply: SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)

3 Important Disclosures for CommonBond.

CommonBond Disclosures

  1. Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). The following table displays the estimated monthly payment, total interest, and Annual Percentage Rates (APR) for a $10,000 loan. The Annual Percentage Rate (APR) shown for each in-school loan product reflects the accruing interest, the effect of one-time capitalization of interest at the end of a deferment period, a 2% origination fee, and the applicable Repayment Plan. All loans are eligible for a 0.25% reduction in interest rate by agreeing to automatic payment withdrawals once in repayment, which is reflected in the interest rates and APRs displayed. Variable rates may increase after consummation. All variable rates are based on a 1-month LIBOR assumption of 2.08% effective July 25, 2018.

4 Important Disclosures for Citizens Bank.

Citizens Bank Disclosures

  1. Education Refinance Loan Rate DisclosureVariable rate, based on the one-month London Interbank Offered Rate (“LIBOR”) published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of August 1, 2018, the one-month LIBOR rate is 2.07%. Variable interest rates range from 2.72%-8.17% (2.72%-8.17% APR) and will fluctuate over the term of the borrower’s loan with changes in the LIBOR rate, and will vary based on applicable terms, level of degree earned and presence of a cosigner. Fixed interest rates range from 3.50%-8.69% (3.50% – 8.69% APR) based on applicable terms, level of degree earned and presence of a cosigner. Lowest rates shown require application with a cosigner, are for eligible, creditworthy applicants with a graduate level degree, require a 5-year repayment term and include our Loyalty discount and Automatic Payment discounts of 0.25 percentage points each, as outlined in the Loyalty and Automatic Payment Discount disclosures. The maximum variable rate on the Education Refinance Loan is the greater of 21.00% or Prime Rate plus 9.00%. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change. Please note: Due to federal regulations, Citizens Bank is required to provide every potential borrower with disclosure information before they apply for a private student loan. The borrower will be presented with an Application Disclosure and an Approval Disclosure within the application process before they accept the terms and conditions of their loan.
  2. Federal Loan vs. Private Loan Benefits: Some federal student loans include unique benefits that the borrower may not receive with a private student loan, some of which we do not offer with the Education Refinance Loan. Borrowers should carefully review their current benefits, especially if they work in public service, are in the military, are currently on or considering income based repayment options or are concerned about a steady source of future income and would want to lower their payments at some time in the future. When the borrower refinances, they waive any current and potential future benefits of their federal loans and replace those with the benefits of the Education Refinance Loan. For more information about federal student loan benefits and federal loan consolidation, visit http://studentaid.ed.gov/. We also have several resources available to help the borrower make a decision at http://www.citizensbank.com/EdRefinance, including Should I Refinance My Student Loans? and our FAQs. Should I Refinance My Student Loans? includes a comparison of federal and private student loan benefits that we encourage the borrower to review.
  3. Citizens Bank Education Refinance Loan Eligibility: Eligible applicants may not be currently enrolled, must be in repayment of their existing student loan(s) and must make the minimum number of payments after leaving school. Primary borrowers must be a U.S. citizen, permanent resident or resident alien with a valid U.S. Social Security Number residing in the United States. Resident aliens must apply with a co-signer who is a U.S. citizen or permanent resident. The co-signer (if applicable) must be a U.S. citizen or permanent resident with a valid U.S. Social Security Number residing in the United States. For applicants who have not attained the age of majority in their state of residence, a co-signer will be required. Citizens Bank reserves the right to modify eligibility criteria at anytime. Interest rate ranges subject to change. Education Refinance Loans are subject to credit qualification, completion of a loan application/consumer credit agreement, verification of application information, certification of borrower’s student loan amount(s) and highest degree earned.
  4. Loyalty Discount Disclosure: The borrower will be eligible for a 0.25 percentage point interest rate reduction on their loan if the borrower or their co-signer (if applicable) has a qualifying account in existence with us at the time the borrower and their co-signer (if applicable) have submitted a completed application authorizing us to review their credit request for the loan. The following are qualifying accounts: any checking account, savings account, money market account, certificate of deposit, automobile loan, home equity loan, home equity line of credit, mortgage, credit card account, or other student loans owned by Citizens Bank, N.A. Please note, our checking and savings account options are only available in the following states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, and VT and some products may have an associated cost. This discount will be reflected in the interest rate disclosed in the Loan Approval Disclosure that will be provided to the borrower once the loan is approved. Limit of one Loyalty Discount per loan and discount will not be applied to prior loans. The Loyalty Discount will remain in effect for the life of the loan.
  5. Automatic Payment Discount Disclosure: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their student loans owned by Citizens Bank, N.A. during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any bank account the borrower designates. Discount is not available when payments are not due, such as during forbearance. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account three or more times within any 12-month period, the borrower will no longer be eligible for this discount.
  6. Co-signer Release: Borrowers may apply for co-signer release after making 36 consecutive on-time payments of principal and interest. For the purpose of the application for co-signer release, on-time payments are defined as payments received within 15 days of the due date. Interest only payments do not qualify. The borrower must meet certain credit and eligibility guidelines when applying for the co-signer release. Borrowers must complete an application for release and provide income verification documents as part of the review. Borrowers who use deferment or forbearance will need to make 36 consecutive on-time payments after reentering repayment to qualify for release. The borrower applying for co-signer release must be a U.S. citizen or permanent resident. If an application for co-signer release is denied, the borrower may not reapply for co-signer release until at least one year from the date the application for co-signer release was received. Terms and conditions apply.
  7. Average savings based on 18,113 actual customers who refinanced their federal and private student loans through our Education Refinance Loan between January 1, 2017 and December 31, 2017. The calculation is derived by averaging the monthly savings of Education Refinance Loan customers whose payments decreased after refinancing, which is calculated by taking the monthly student loan payments prior to refinancing minus the monthly student loan payments after refinancing. The borrower’s savings might vary based on the interest rates, balances and remaining repayment term of the loans they are seeking to refinance. The borrower’s overall repayment amount may be higher than the loans they are refinancing even if their monthly payments are lower.
2.57% – 5.87%Undergrad
& Graduate
Visit Earnest
2.80% – 6.38%1Undergrad
& Graduate
Visit Laurel Road
2.48% – 7.52%2Undergrad
& Graduate
Visit SoFi
2.47% – 7.99%Undergrad
& Graduate
Visit Lendkey
2.57% – 6.65%3Undergrad
& Graduate
Visit CommonBond
2.72% – 8.17%4Undergrad
& Graduate
Visit Citizens
Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.

Published in Make More Money, Side Hustles