Wednesday, March 1, 2017

February side hustles 2017

The great thing about doing side hustles to generate extra income is that you can hustle on your own terms.  The more hard work, time, and creative effort you put in, the more extra money you can make.  You can hustle as little or as much as you want, whenever you want.  It’s your extra money, and you can choose how you want to spend it.  Instead of focusing on what ideas don’t apply to you, try focusing on different side hustle ideas that you can implement to work for your situation.

Welcome to March.  Did everyone enjoy the short month of February?  This month sort of just flew passed us.  Time really flies and we don’t want to work for the rest of our lives. 
As usual, we spent the month hanging out with friends and trying to find fun activities for our son.  He’s growing so fast and it’s so easy to miss out on his childhood.  We’ve also spent a lot of the month organizing things around the home.  We’ve been selling, donating or discarding any unused items that have been cluttering our home.    

One big event for many couples in the month of February was Valentine’s Day.  It’s estimated that people will spend around $140 for their significant other in 2017.  When I was less educated about my finances, I would feel pressure to spend money towards an elaborate display of affection for my significant other.  Nowadays, my wife and I treat Valentine’s Day as just another normal day.  There’s no point in spending money on each other if we both share the same bank account.  We buy what we want, when we want, and celebrate our relationship on a daily basis.  The best Valentine’s Day gift you can give your significant other is freedom from the stress of feeling forced to spend money for this consumer holiday.

Here’s our monthly summary of side income that we have generated in the previous month of February.
Cash back
On 2.26, my wife received a $300 statement credit on her Chase Sapphire Reserve credit card.  This was to offset a purchase she made for the unlimited JR Pass, a railway pass we will be using throughout Japan on our upcoming trip.  I love how the Chase travel credit activates automatically and is immediately credited to your account after your travel related purchase clears. 

On 2.13, I received a $400 bonus deposited into my Citibank checking account (open new Citibank checking account and deposit $15,000).  My wife received $400 last month from the same deal.   
Paid surveys
On 2.6, I received $3 PayPal deposit from Pinecone Research
On 2.24, I received $6 PayPal deposit from Pinecone Research
On 2.27, I received $3 PayPal deposit from Pinecone Research

Rental Income
On 1.1, I received a check for $700 from our temporary housemate.
On 1.4, we received a net profit of $430 from our rental property.

Miscellaneous Income
On 2.19, I sold an old snowboard to someone in the neighborhood on Nextdoor for $25.
On 2.26, we sold an unused table on Nextdoor for $50.
Less stuff and more money, woo hoo!

Monthly Totals:
We earned $700 cash back
I earned $12 from paid surveys
We earned $1,130 from rental income
We earned $75 miscellaneous income

All of this totals $1,917 from our side hustles for the month of February. Combining increased income and less spending (due to pursuing a more minimalistic lifestyle) is really going to supercharge our savings rate this year.  Keep on saving consistently my friends!
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