Level Up Your Finances: How to Make Money as a Gamer and Build an Emergency Fund

Published: 26 June 2023Updated: 18 December 2023

Are you a passionate gamer with dreams of turning your hobby into a lucrative income source while ensuring financial security? Look no further! In this article, we will unveil the exciting world of making money as a gamer and guide you on building an emergency fund. Explore the diverse opportunities available, from game streaming and esports to game testing and virtual currency trading. Discover how to level up your finances, harness your gaming skills to create a sustainable income, and establish a safety net for unexpected expenses. Get ready to unlock your financial potential and game your way to a secure future!

man using computer

Game streaming

Streaming is one of the highest-paying ways to make money as a gamer. It requires a lot of originality and commitment to succeed, but top streamers like PewDiePie can pull in over $1.5 million a month. Video games have become a major industry, with some players winning eSports tournaments that can bring in millions of dollars. It is now possible for gamers to monetize their gaming hobby and make money streaming their gameplay on sites like YouTube or Twitch.

If you are a gamer, you can earn money by streaming your gameplay live on platforms such as Twitch and YouTube. You can also advertise Amazon affiliate links on your stream and collect a commission when viewers click on the link.

Esports tournaments

Many people think gaming is just a hobby, but eSports professionals train, practice and eat like athletes. They also pay entry fees and travel to competitions around the world. As a result, they must manage their incomes carefully.

Unlike pro baseball and football players, who make a steady base salary, competitive gamers may earn an outsized amount from tournament winnings one week and nothing the next. As such, they should consider creating a savings account to supplement their earnings. In addition to their base salaries, eSports pros can earn money from sponsorships, streaming, and merchandise. These earnings can vary significantly from month to month, so saving some extra cash they may receive is important.

Sponsorships

Video gaming has never been more popular, and many have made a living from video games. From professional eSports players earning millions to YouTubers like Markiplier who make money streaming videos, numerous opportunities are available to monetize gaming habits. 

In a way, sponsorships are a form of advertising that allows companies to reach out to potential customers without investing too much money into promoting their products. The key is to find companies you are genuinely interested in and demonstrate the value you can bring to their brand.

Game tester jobs

One way of making money as a video game tester is through Betabound. They offer testing opportunities for software and video games and invite gamers to apply to be part of their test teams; rewards may include free products and Amazon gift cards! 

Becoming a gaming tester can be a great way to build up your credentials for a future career in gaming, but it doesn’t mean the job will be easy. You’ll need to consider several factors, including your background in video games and the company you are applying to.

Influencer income

If you’re a gamer passionate about sharing your experiences, becoming a gaming influencer can open doors to earning money doing what you love. Start by building your online presence through platforms like Twitch or YouTube. Engage with your audience, create high-quality content, and collaborate with brands for sponsored partnerships. Leverage affiliate marketing, merchandise sales, and donations to diversify your income streams. With dedication and consistency, you can turn your gaming expertise into a thriving influencer income and unlock exciting opportunities in the gaming industry.

Selling merch

Gamers can monetize their passion for video games in many ways, including selling merch. Some popular gamers and YouTubers make millions of dollars from custom products and merch. This type of business can be an excellent source of additional revenue, allowing you to monetize your audience while creating valuable content.

 There are many ways to sell merch, including creating your website or selling on popular marketplaces like Etsy and eBay. The most important thing is to choose a platform that fits your needs and is compatible with the merch you want to sell. It can be a fun way to make money and help players develop positive financial habits. This is because it taps into people’s natural responses to saving money. It also helps players get instant gratification when they reach savings goals and level up in the game. 

Mining in-game currencies

Gaming is a highly competitive field, but there are ways to make a living from it. You can become a video game tester, create specialized video game tutorials, start a gaming podcast, or participate in esports tournaments. You can also earn money by mining in-game currencies.

However, these methods may not provide enough income to support gaming. Regardless, it’s important to focus on saving money. Behavioral economists have found that gamifying savings encourages people to save more and reach their goals. To help you get started, CNBC Make It has compiled a list of tips for gamers looking to increase their bank balances.

Mistplay

Mistplay is a mobile app that rewards gamers for the time they spend playing games. They offer an in-app social experience and perks for redeeming points. These perks can be spent on Amazon, Google Play, and Visa gift cards.

While the app is a bit hit-and-miss, users note that it’s easy to get payouts and offers a range of games. The downside is that some users have reported glitches, so it’s best to research before joining. Players earn units they can redeem for prepaid Visa debit cards. This is a great way to earn extra cash without streaming or participating in tournaments. The app is available for Android devices only. 

Game development

Video game development is a lucrative career option for those who love gaming and programming. While salaries for developers at large game companies are high, it’s not always guaranteed that you will get your dream job at a reputable studio.

 If you want to pursue a career in video game development, starting with freelance work for smaller studios or projects is a good idea before stepping into a full-time job. This will give you invaluable experience and prepare you for your goal of working at a larger studio. However, it requires a lot of hard work to make a living from it. Game developers can make a solid income by creating tools that help other developers create games faster and more easily.

Conclusion

As a gamer, you have incredible potential to turn your passion into a lucrative income source. By exploring avenues like game streaming, esports, and content creation, you can monetize your skills and create a sustainable earning stream. Furthermore, choosing the right bank is crucial when building an emergency fund. Consider factors such as interest rates, fees, and account features to ensure your money grows effectively. With strategic financial decisions focusing on gaming and financial stability, you can increase your earnings and safeguard your future. Game on and invest wisely!

Brian Golding

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