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 October, another
new month. Time seems to fly by as we watch our son grow up. The little man is almost 4 months old
now!
September has been a busy
month for us. We took a road trip to San
Jose and San Francisco for a family reunion.
We also took a family road trip to Las Vegas for a conference I
attended. These trips increased our
normal gas expenses by quite a bit. We
also ate out a lot more than normal this past month. Side hustles help us offset these extra
expenses.
With the recent small
stock market decline, investing is slightly more exciting since stocks are at a
slight discount. Side hustles help us
put more money into the market.
Here’s our monthly
summary of side income that we have generated in the previous month of September.
Award Travel
On
9.29, I redeemed 22,896 Rapid Rewards points (converted from Chase Ultimate
Rewards points) towards two
free round trip flights to San Jose, CA saving us $385.60 after
paying flight taxes and fees.
Cash Back
On 9.22, I received $0.45 statement credit on my AMEX
SimplyCash business card.
Search and Win
On 9.1, I received a $5 Amazon gift card from Swagbucks
On 9.20, I received a $5 Amazon gift card from Swagbucks
Paid surveys
On 9.14, I received a $3 PayPal deposit from PineCone
Research
On 9.22, I received a $3 PayPal deposit from PineCone
Research
Side Job
On 9.14, I received a
check for $275 from the local
university where I teach part time.
eBay Income
On 9.20, I received a profit
of $123.58 from reselling items on
eBay.
On 9.25, I received a
profit of $16.02 from reselling
items on eBay.
On 9.30, I received a
profit of $343.77 (after eBay,
PayPal, and shipping fees) from selling some old healthcare equipment on
eBay.
When reselling items, it
can be tough to make a large profit.
eBay takes a 10% cut of your final sale price as well as a 10% cut of
your shipping fees. Once you receive
payment, PayPal takes a 2.9% and $0.30 cut.
Then you have to pay for shipping costs to send out your item.
I sold $3,022.50 worth of
items on eBay. But my net profit was
only $483.37. That being said, selling
on eBay is very easy and safe. When
reselling products, it helps to buy popular items at discounted prices as well
as purchase through shopping portals to double dip on credit card rewards.
The best time to end your
eBay auction seems to be Sunday,
since web traffic on eBay is the highest.
Also listings that end between 6:30pm
to 10:30pm in any time zone get the most views / bids. eBay makes it easy to clear out excess
clutter from our home. When getting rid
of unused items, selling on eBay is safer than meeting someone through
Craigslist or 5miles. I still have several
things at home to sell in the next few weeks.
Rental Income
On 9.1, we received a net
profit of $430 from our rental
property
Monthly Totals:
Our side hustles
increased slightly in September.
We saved $385.60 on award travel
We earned $0.45 in
cash back
We earned $10 worth
of Amazon gift certificates from Search and Win sites
We earned $6 in
cash from paid surveys
I earned $275 from my side job teaching at the
local university
I earned $483.37 eBay income
We earned $430
from rental income
All of this totals $1,590.42
from our side hustles for the month of September. Are you doing any hustling on the side for extra
income?
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