Wednesday, February 1, 2017

January 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 February, a brand new month.  Did you all have a good month of January?  Every month I like to write a quick summary of a few fun things we had going on the month before.  I also like to share details about the side hustle income we bring in.  Some of our side hustle income is passive.  Some requires us to put in work.  We are always trying to come up with different ways to bring in extra cash.      

January has been a great start of the year for us.  I am thrilled that I just received another big promotion and salary increase.  I truly love the work that I do; being recognized for my contribution to the company with a salary bump makes me love my work even more.  This means that we can supercharge our savings this year. 

In doing our year-end summary for 2016, we discovered that last year was quite an expensive year for us.  This year, we will be focusing on saving more, investing more, and buying with purpose.  I just read a great articled on Raptitude called “We Are Not Materialistic Enough.”  The author stresses that we should be more discerning with our material purchases, and buy better quality products that are built to last.  We should avoid making purchases of crappy goods that either break down too early or won’t be put to good use.  Conscious spending with purpose ensures that we get more value out of our purchases. 

While we try to keep our purchases of material goods down to a minimum, we don’t hold back when it comes to spending on experiences.  In our free time, we try to find fun and interesting places to take our son.  We get much more value out of short little family trips than anything material item we can buy.   

We visited the Huntington Library and enjoyed all of the botanical gardens.  Our son loved running around and exploring. 

We took our son to the Children’s Museum of La Habra where he had the chance to play in all the random exhibits. 

My wife’s company had a retreat in San Diego and our family enjoyed a short one-night stay.  In our free time, we took our son on his second visit to the Birch Aquarium.  Our son was really fascinated by all the unique sea creatures.   

Our little guy is growing up so fast.  He'll be 2 years old in a few months. Time really flies and we aim to make the most of it.  Here’s our monthly summary of side income that we have generated in the previous month of January.

Award Travel
On 1.18, I received a $550 statement credit on my Barclaycard Arrival Plus credit card by redeeming 55,000 miles towards $550 worth of an Airbnb stay we have booked for our trip to Tokyo, Japan. 
Cash back
On 1.1, I received a PayPal deposit of $26.26 from Mr. Rebates, my favorite cash back site.
On 1.7, I received a $100 statement credit on my American Express Premier Rewards Gold card for utilizing the card’s annual airline fee credit benefit.  I wrote a little blurb about this here.  I purchased a $100 Southwest Airlines gift card and received the $100 credit a few days later.

Paid surveys
On 1.10, I received $3 PayPal deposit from Pinecone Research
On 1.23, I received $3 PayPal deposit from Pinecone Research
On 1.25, I received $3 PayPal deposit from Pinecone Research
On 1.28, I received a $150 check from Olson Research Group for doing a medical telephone interview

On 1.31, I received $3 PayPal deposit from Pinecone Research

Side Job
On 1.23, I received a check for $137.50 for teaching at the local university

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 1.12, my wife received a $400 bonus deposited into her Citibank checking account (open new Citibank checking account and deposit $15,000)
On 1.30, I made a net profit of $151.67 from selling a piece of unused medical equipment on eBay.  My item sold for $169 + $15 shipping and handling fee for a total of $184.00.  eBay took $18.40 in fees, PayPal took $7.48 in fees, and shipping the item cost $6.45.   

Monthly Totals:
We saved $550 towards award travel
We earned $126.26 cash back
I earned $162 from paid surveys
I earned $137.50 for teaching at the local university
We earned $1,130 from rental income
We earned $551.67 miscellaneous income

All of this totals $2,657.43 from our side hustles for the month of January.   This is a great way to kick off our new year.  Side hustle income continues to help us live a rich life.    
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