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.
Once a month (usually on the 1st), I like to post a short summary of our personal and financial situation for the previous month. While I don’t often post articles, I am committed to documenting all of my side hustle income. Here I’ll share some of what’s been going on with our lives and our side hustles.
Welcome to February! How was your first month of the New Year? Here in the RFI household, we have been focused on keeping our kids entertained and healthy. We continue to visit all the different playgrounds in and around our neighborhood (with masks on of course!).At home, our kids enjoy reading library books, painting and drawing.
I’m happy to report that I received my second COVID19 vaccine shot earlier this month. My mom received her first vaccine shot last week. COVID19 cases and deaths seem to be finally coming down in California (and the rest of the US). I truly hope that the worst is behind us and that we can slowly move past this pandemic. We are itching to take a family vacation!
Recently, the Aquarium of the Pacific in Long Beach opened up their outdoor exhibits. Our kids were excited to visit the aquarium again. They got up close with jellyfish, sharks, stingrays, penguins, seals and more. It was such a treat for them to be able to get out of the house again. Our kids got a chance to touch jellyfish, stingrays and even small sharks. We made an appointment (guest capacity limits) to visit the aquarium as soon as they opened first thing in the morning. It wasn’t crowded at all and guests wore masks the entire time.Here’s our monthly summary of side income that we have generated in the previous month of January.
On 1.1, my wife received a $16.98 statement credit on her AMEX Platinum credit card. This was an AMEX offer for up to $20 back on streaming services per month. We enjoyed a free month of HBO Max and Hulu.
On 1.4, I received a $60 statement credit on my Chase Sapphire Reserve credit card. This was for the annual $60 Door Dash credit.
On 1.9, my wife received a $22.98 statement credit on her AMEX Platinum card. American Express has a $50 statement credit offered for purchases up to $50 at Saks Fifth Avenue. This credit is offered twice a year, $50 every 6 months. My wife bought some clothing online and got it reimbursed.
On 1.13 my wife received a $30 statement credit on her AMEX Platinum card. American Express has a $30 statement credit on purchases made with PayPal checkout for the next 6 months.
On 1.21, my wife received a $7 statement credit on her AMEX Gold Card. This was an AMEX offer for $7 back per month on $14.99 or greater purchases made with HBO Max.
On 1.22, I received a $36.16 statement credit on my Chase Sapphire Reserve credit card. From now through June 30, 2021, gas station and grocery store purchases will count towards earning free travel credit up to the first $300 in travel purchases.
On 1.28, I received a $51.83 statement credit on my Chase Sapphire Reserve credit card. This was for the Chase Travel credit used towards gas station purchases.
On 1.5, we received a net profit of $740 from our rental property.
On 1.1, we received a direct deposit of $2,233.90 from the IRS as our second stimulus check. I list this as a side hustle, just like our last stimulus check, because our income qualifies only after taking into account the tax deductions on our gross income. These deductions include two maxed out 401Ks ($19,500 each), a maxed out Dependent Care FSA ($5,000), a maxed out HSA ($7,000) and a partial Medical FSA deduction ($1,000). We have been rewarded for saving more.
On 1.20, I received a $55 check from My Impact Network for completing a medical survey.
On 1.25, I received a $20 check from E Rewards Medical for completing a survey.
On 1.25, I received a $5 Amazon gift card from The Vision Council for completing a survey.
We earned $224.95 from cash back income
We earned $740 from rental income
We earned $2,233.90 from miscellaneous income
I earned $80 for completing online surveys
All of this totals $3,278.85 from our side hustles for the month of January! I hope you are all doing well with the start of 2021. I hope the start of the new year ignites your motivation and passion for pursuing financial freedom!