September Side Income Report | 2022

September 2022 Side Income

Welcome to the 2022 September Side Income Report.

Let’s start this post with the obligatory caveat:

FLA’s side hustle income reports are not for the purpose of bragging. This side income amount of money is by no means impressive. The sole purpose of this series is to inspire you to create diversified income streams in order to help you achieve your financial goals faster.

I began this tumultuous F.I.R.E. (Financial Independence – Retire Early) journey almost immediately after graduating from college and shortly realizing it is never ideal to work for someone other than yourself.

After withdrawing from the corporate world, I plan to fully indulge in my mission of helping 10 million people with their own path to financial freedom. I’ve discovered a wonderful community of people with shared mindsets. So I’m currently on a journey to see if we can turn FLA into a little business that supports the mission.

The reason I’ve decided to publish these income reports is because I want you to be a part of the journey.

After aggressively saving 60%+ of my annual income year after year, I’m approximately 32% of the way to retirement with 8 years to go. I’m aware that side hustles may never fully support one’s expenses, but I’m willing to try.

At the very minimum of making $1/month (what one may consider failure), I am ecstatic as I realize this can be considered supplemental income that will be able to be reinvested into this blog to enhance your reading experience on FLA.

Through my arduous journey, I’ve learned to focus on the future value of money. One dollar to you may look like a standard George Washington-faced bill, but to me, I see its potential.  Accounting for 3% inflation, investing that dollar could return 5 times its original value in 25 years. Yes, that’s like putting $1 into an ATM and having it return a $5 bill back to you. How amazing is compound interest?! Hypothetically, you can increase that principal amount, and you’ve got yourself some unbelievable returns.

My hope with these income reports is ultimately to present some transparency for you. By showing it doesn’t take much effort to earn and save, I may motivate you to chase one of your biggest dreams. Dreams may originally sound outlandish, but they all need to start somewhere, right? Without further ado, here is FLA’s September 2022 Side Income Report.

 

SEPTEMBER SIDE INCOME REPORT

The best way to make money is to have various streams of revenue. The best way to protect yourself in the course of ill-fated events stripping you of some of your main sources of income is to diversify.

We have all heard the pragmatic advice of “Don’t put all of your eggs in one basket.” Well, put this theory into practice. The following is my best attempt to develop additional sources of income. Below are the six ways I attempted to make money from my side hustles in the month of September.

 

 

Stocks are my absolute favorite money-making assets. Your money can make money for you with the click of a ‘buy’ button! Sure, there are ups and downs in the stock market, but if you look historically at the S&P 500 Index or the Dow Jones Industrial Average, your investment generally grows over the long term. Remember, investing and gambling are not the same thing.

“If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes.”

-Warren Buffett, American Investor/Business Tycoon/Philanthropist/Chairman and CEO of Berkshire Hathaway

Investors and analysts contend that conducting research on which stock to buy may be active work, but it is a generally held credence that dividends are passive income.

What are dividends?

Simply, they are distribution of some of a company’s earnings to a class of its shareholders. In this case, you are the shareholder. Yes, I know it’s hard to believe, but the company you invest in will reward you with bonus money!

Let’s take a look at the aftermath of the stocks that paid out dividends this month:

September Side Income 2022 Stock Dividends

Which stocks have I invested in? I have a few individual stock picks, but the finance community knows this is a loser’s game. I mainly hold VTI, the Vanguard Total Stock Market Index Fund, which allows you to be diversified and capture 3,525 different stocks with a minimal expense ratio, or annual fee, of 0.03%. Index funds will often take you to the promised land in the long run.

Typically, you have 2 choices with dividends. You can either accept the dividend as cold hard cash or you can choose to reinvest the money back into the same stock automatically. It’s as simple as clicking the ‘yes’ button when prompted with the question on whether or not to re-invest dividends.

I strongly recommend you to reinvest your dividends and capital gains. Why? Well, look at this way: you didn’t have the earned dividend money to begin with. Do you really need it at this moment? Why not let your additional money grow even more? Open up an investment account and enjoy the magic of compounding interest by increasing your principal investment.

September Side Income – Stock Dividends / Interest Total: $308.62

 

In my free time, I participate in paid surveys. It’s one of my other sources of income. The surveys are mindless and allow you to temporarily escape from life’s struggles and reality. Oftentimes, you have a chance to play your part in society and provide meaningful feedback on hot topics that may be decided by top companies and government officials.

The 3 survey programs I use daily are:

  1. Prolific
  2. Pinecone Research
  3. YouGov

I strongly recommend any of these three survey websites because of the higher payouts. Our time on this planet is valuable. Always consider how much time you are trading for money.

Prolific

Prolific seems to have the highest quantity of surveys available. Each survey also previews an hourly rate to the user. This significantly helps in determining if the survey is worth your time. I’ve seen them range from $3/hour all the way up to $30/hour, but on average are $8/hour.

Pinecone Research

Pinecone Research surveys always reward you with $3 for every survey. Since each survey is typically around 10 minutes long, the site has a pretty standard hourly rate of $12/hour. However, the frequency of surveys is much less than Prolific.

YouGov

Finally, YouGov’s typical survey lasts for 10 minutes and will pay out $1.50, translating to an hourly rate of $6/hr. Even though it is the lowest payout, it still helps to have supplemental income. Again, always consider the balance between time and money.

YouGov is an eclectic group of the media, nonprofits and companies that congregate to find out what the world thinks. YouGov happens to be one of the most-quoted data sources in the US and across the world.

Prolific, Pinecone Research, and YouGov offer all kinds of rewards, but I normally recommend cash payout via PayPal. The transfer is usually instantaneous. Prolific does pay out in GBP, but the money is translated to USD when conducting a bank transfer in PayPal.

In fact, Prolific does not have a minimum payout, Pinecone’s minimum payout is $5, and YouGov’s minimum cash payout is $50, albeit YouGov offers the option of a $15 Amazon gift card.

September Side Income 2022 Survey Earnings

September 2022 Side Income Pinecone Research Cash Out

September Side Income 2022 Prolific Earnings

September Side Income 2022 Prolific Earnings Conversion

September Side Income – Surveys Total: $225.29

 

An additional passive income stream is selling your old goods or unused consumer products. Simply list your items with competitive pricing on Amazon and/or eBay, sit back, and let the buyers make you offers.

I often notice friends, family, and even co-workers constantly looking to throw out items that are still in perfectly good condition; it drives me nuts! Why not let someone bid on the product? Worst case will be that it doesn’t sell, and then you can throw out the item. No harm, no foul.

At the very least, donate your stuff. I typically enjoy donating old apparel to the Salvation Army and other charities. It always feels good to know your treasured clothing is not going to waste.

This month, there were two strangers that bought items of my personal inventory I was looking to discard. After fees and small shipping costs, I usually still walk away with a hefty profit.

September Side Income 2022 Seller Earnings

September Side Income 2022 eBay September 18September Side Income 2022 eBay September 22

September Side Income – Selling Total: $42.89

 

As a blogger, I would like to keep the user experience as clean as possible. Therefore, I have chosen to keep all Google AdSense ads from my website. I am an avid reader of many other blogs, and I can truthfully admit it retracts from the reading experience. I am very proud of this decision and will continue with this route.

September Side Income – Google AdSense Revenue: $0.00

 

I published my first eBook titled How I Launched, Marketed, and Promoted a High-Traffic Blog in Under 15 Days last year. I only promoted the book as part of the launch, but several people found their way to the sales page. Again, this is a learning process to convert the views into actual sales. As Robert Kiyosaki alludes to in his book Rich Dad, Poor Dad, it’s all about being a best-selling author, not a best-writing author. There is a subtle yet significant difference.

September Side Income – eBook Blog Startup Manual Sales: $0.00

 

Who would’ve ever thought that spending money would actually earn you money? Well, with cash-back credit cards, now it’s certainly possible. With my Capital One Venture Card, I can now make this dream a reality.

Depending on the card you have, you’ll score 1-2 miles with every dollar you spend. Capital One Miles can be used in a variety of ways and are generally worth between half a cent and one cent apiece.

Earn 50,000 bonus miles (equivalent to $500) once you spend $3,000 on purchases within the first 3 months from account opening.

Although I’m still trying my best to limit opportunities to throw away those hard-earned paychecks, the positive result is that I earn more in cash back from the credit card rewards.

September Side Income 2022 Capital One Credit Card Cash Reward Cash Back

After looking at my monthly expense report, I saw that I earned 3,646 miles, which is equivalent to $36.46.

I now have a Chase Sapphire Preferred Credit Card.

Earn 80,000 bonus miles (equivalent to $1,000) once you spend $4,000 on purchases within the first 3 months from account opening.

June Side Income 2022 Chase Sapphire Credit Card Bonus

When you use points to redeem for cash, each point is worth $.01 (one cent), which means that 100 points equals $1 in redemption value. Each point you redeem for travel booked through Chase Ultimate Rewards is worth $.0125 (one and a quarter cents), which means that 100 points equals $1.25 in redemption value, and points are worth 25% more than if redeemed for cash. For example, 20,000 points are worth $250 when redeemed for travel purchases, or $200 when redeemed for cash. The cost of travel is based on the rates and fares available through the Ultimate Rewards website and travel center, and may not reflect all rates and fares that are available through other sales channels.

If you choose to use points and your Chase Sapphire Preferred credit card to pay for your purchase, each point will be worth $.0125, but your credit card will be charged the full remaining dollar amount.September Side Income 2022 Chase Sapphire Credit Card Cash Back

After this month, I was able to earn $76.54 this month from the Chase card.

September Side Income – Capital One & Chase Sapphire Preferred Credit Card Cash-Back Rewards – $113.00

 

Well, that’s it for this month’s side income report! Hope your 2022 is going well.

In 2021, I was able to max out my Roth IRA and 401k – I highly recommend you do the same in 2022 if you have the option! In January, I immediately transferred the maximum $6,000 limit from my taxable brokerage account to the tax-deferred Roth IRA for the 2022 year, with most of it invested during a market correction at the end of January. The sooner, the better since time in the market often beats timing the market.

Investing in 2022 is a great time because we are in a bear market (down over 20% from the highs) so stocks are on sale!

Thank you for taking the time to read through my latest September income report and thank you for contributing if you have previously purchased something through one of my affiliate links!

If you wish to support this site, but don’t have a need for any of FLA’s affiliate products, you could simply do your regular Amazon shopping through any of the links on this site that lead to Amazon.com. You won’t pay any extra and FLA will receive a small commission. Thanks so much if you do so!

That’s a wrap for this income report! I am looking forward to earning more money on the side in the future. Stay hustlin’, my friends!

September Side Income 2022 Summary

Total September Side Income: $689.80

 

How was your September 2022 side hustling? Let me know in the comments below.

 

Editorial Note – Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, or other entity. This content has not been reviewed, approved, or otherwise endorsed by any of the entities included within the post.

User Generated Content Disclosure – Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

How Solar Panels Can Help the Environment and Your Wallet

How Solar Panels Can Help The Environment And Your Wallet

The world is slowly but surely transitioning to solar energy. Will you embrace and adapt with the change?

Welcome to the 4th FLA Guest Blog Post! Today, we explore how solar panels can help the environment and your wallet. Thank you to Chelsea from Business POP for sharing this helpful article.

Chelsea is an experienced Marketing and Advertising professional with a demonstrated history of working in the media industry. Chelsea is especially skilled in Digital Media advertising, Events, Search Engine Optimization (SEO), Search Engine Marketing (SEM), Microsoft Suite, Data Analytics, Adobe products, and Marketing Strategy.

The digital age has unquestionably arrived. Incorporating new technologies into business procedures will be critical for owners who want to grow their businesses.

Business POP will show you how to grow your business through innovation. It is aimed at small and medium-sized business owners and will offer advice on what digital enhancements to consider and how such changes can help them grow.

There has been a lot of talk about how we can help the planet and reduce the risks of climate change, and it can be a daunting topic to think about. Luckily, there are many ways that every person can do their part to reduce energy dependence and create a cleaner environment. Installing solar panels is one of those solutions. By using this alternative form of energy, you can help the planet while saving money. The process is easy and straightforward. Here, the Fresh Life Advice blog highlights the many benefits of solar, discusses if it’s the right option for you, and offers some simple tips on getting started.

Help the Environment

When it comes to doing our part to help the environment, going solar in your home or workplace can make a big impact. According to the U.S. Energy Information Administration, solar panels produce clean energy that does not produce harmful air pollution or greenhouse gasses. This is especially important for large factories that use hundreds of panels instead of standard electricity, but on an individual residence, it can also make a positive impact.

Solar panels also reduce the wasteful resources necessary to create the electricity that powers our homes. Solar panels are a type of renewable energy source that can help reduce the use of fossil fuels and water. Massive amounts of fossil fuels and thousands of gallons of water are required to generate regular electricity. Meanwhile, solar panels rely on sunlight to generate electricity, and they can be used to power homes, businesses, and even automobiles.

In addition to being renewable, solar energy is also very efficient. Solar panels can produce up to 50 times more electricity than traditional fossil fuel-powered generators. And because they don’t rely on water to operate, solar panels can help reduce the strain on our water resources. In many parts of the world, solar panels are already playing a vital role in reducing the use of fossil fuels and water. As more people turn to solar energy, we can expect these benefits to increase.

As mentioned, the way to really make an impact on our environment is to band together to help, and with solar panels, you are essentially creating an advertisement out of your home. Neighbors will be inclined to ask about the benefits of having panels installed and they may decide to buy them as well, so you are doing your part to spread the message and the environment will be better because of it.

Cost Savings

While some people may be satisfied by just knowing that they are making a positive impact on the world, the cost savings associated with solar panels is the cherry on the cake. Electric bills can be one of the most costly utilities, especially during the hottest and coldest months. According to Move.org, the average electricity bill is over $110. Luckily, solar panels can reduce that cost.

According to 2021 estimates, solar panels can save the average homeowner about $1,500 per year in energy costs, depending on your location, the amount of sun on your roof, and how much electricity you use daily. Keep in mind that you may still get a monthly bill from the electric company to keep you on the grid in case of an emergency, but it will likely be minimal.

The cost for a solar panel can vary, and the average home needs about 16 panels, so you can expect to pay anywhere from $105 to $1,500 per panel. Bear in mind the cost of the panel is based on the number of watts per panel.

Solar Panel House
Image Source: Vivint Solar on Unsplash

If you are interested in installing panels, you can get a great start by looking into the Energy Efficient Mortgage Loan program, which helps families lower their utility bills when they implement energy efficiency into their homes, which includes solar panels. This is a great program for brand-new homes or existing properties as the cost of these improvements is incorporated into your mortgage and it translates to great savings.

You can also use Renewable Energy Credits (RECs) to make your home 100% renewably powered, solar included. RECs are certificates that represent the environmental benefits of renewable energy generation. By selling RECs, solar panel owners can receive payments for the environmental benefits their solar panels provide. In addition, some utility companies offer rebates or other incentives for solar panel owners who sell RECs. As a result, taking advantage of RECs can be a great way to reduce the cost of solar panels and encourage more people to switch to renewable energy. And, of course, it’s a great way to contribute to the earth’s well-being as it reduces your greenhouse gas emissions and carbon footprint.

The Process

Keep in mind that your home may need to meet certain requirements in order to qualify for solar. For instance, your roof will need to be in good condition as the panels are heavy and need solid support. You’ll also need enough space as the average size of the collection of panels on a roof measures about 400 to 600 square feet. Finally, the best roofs are covered with standard shingles. Slate roofs tend to break, so consider that as well.

If all conditions are met, then the initial installation process is a snap and should only take a few hours. After the panels are installed, a representative from the power company will come out to inspect the system and provide a unique meter. You should see solar power generated for your home within a month from there.

Maintenance

Most solar panels come with a 20- to 25-year warranty, but that doesn’t mean they’ll last that long without proper maintenance. In order to keep your panels running at peak efficiency, it’s important to have them inspected regularly by a qualified technician. While you can do some basic cleaning and troubleshooting yourself, it’s best to leave the more technical aspects of panel maintenance to the professionals.

So, how do you go about getting your solar panels inspected by the power company? The first step is to contact your local utility company and ask if they offer this service. If not, there are a number of private companies that specialize in solar panel maintenance. Once you’ve found a company you’re comfortable with, schedule an appointment for them to come out and take a look at your panels. Be sure to give them a thorough cleaning before they arrive so they can get an accurate reading of your system’s performance. With a little bit of care and attention, your solar panels will continue to provide clean, renewable energy for years to come.

With most kinks worked out and the benefits and cost of installation now clear, this is the best time to invest in solar panels. Consider the tips and perks above and you’ll be on your way to clean energy.

Why Guest Post With Us?

Guest posting allows you to gain access to our readers and serves as a way to promote your content. We do not charge for guest posting like many other blogs. We believe in the power of unique, valuable content and will not charge to promote it!

Disclosure: Fresh Life Advice is an opinion-based website. I am not a financial advisor, and the opinions on this site should not be considered financial advice.

Personal Capital: The Ultimate Tool to track your Net Worth, Budget and more.

What are your thoughts on solar panels and solar energy? Let me know in the comments below.

August Side Income Report | 2022

August 2022 Side Income

Welcome to the 2022 August Side Income Report.

Let’s start this post with the obligatory caveat:

FLA’s side hustle income reports are not for the purpose of bragging. This side income amount of money is by no means impressive. The sole purpose of this series is to inspire you to create diversified income streams in order to help you achieve your financial goals faster.

I began this tumultuous F.I.R.E. (Financial Independence – Retire Early) journey almost immediately after graduating from college and shortly realizing it is never ideal to work for someone other than yourself.

After withdrawing from the corporate world, I plan to fully indulge in my mission of helping 10 million people with their own path to financial freedom. I’ve discovered a wonderful community of people with shared mindsets. So I’m currently on a journey to see if we can turn FLA into a little business that supports the mission.

The reason I’ve decided to publish these income reports is because I want you to be a part of the journey.

After aggressively saving 60%+ of my annual income year after year, I’m approximately 32% of the way to retirement with 8 years to go. I’m aware that side hustles may never fully support one’s expenses, but I’m willing to try.

At the very minimum of making $1/month (what one may consider failure), I am ecstatic as I realize this can be considered supplemental income that will be able to be reinvested into this blog to enhance your reading experience on FLA.

Through my arduous journey, I’ve learned to focus on the future value of money. One dollar to you may look like a standard George Washington-faced bill, but to me, I see its potential.  Accounting for 3% inflation, investing that dollar could return 5 times its original value in 25 years. Yes, that’s like putting $1 into an ATM and having it return a $5 bill back to you. How amazing is compound interest?! Hypothetically, you can increase that principal amount, and you’ve got yourself some unbelievable returns.

My hope with these income reports is ultimately to present some transparency for you. By showing it doesn’t take much effort to earn and save, I may motivate you to chase one of your biggest dreams. Dreams may originally sound outlandish, but they all need to start somewhere, right? Without further ado, here is FLA’s August 2022 Side Income Report.

 

AUGUST SIDE INCOME REPORT

The best way to make money is to have various streams of revenue. The best way to protect yourself in the course of ill-fated events stripping you of some of your main sources of income is to diversify.

We have all heard the pragmatic advice of “Don’t put all of your eggs in one basket.” Well, put this theory into practice. The following is my best attempt to develop additional sources of income. Below are the six ways I attempted to make money from my side hustles in the month of August.

 

 

Stocks are my absolute favorite money-making assets. Your money can make money for you with the click of a ‘buy’ button! Sure, there are ups and downs in the stock market, but if you look historically at the S&P 500 Index or the Dow Jones Industrial Average, your investment generally grows over the long term. Remember, investing and gambling are not the same thing.

“If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes.”

-Warren Buffett, American Investor/Business Tycoon/Philanthropist/Chairman and CEO of Berkshire Hathaway

Investors and analysts contend that conducting research on which stock to buy may be active work, but it is a generally held credence that dividends are passive income.

What are dividends?

Simply, they are distribution of some of a company’s earnings to a class of its shareholders. In this case, you are the shareholder. Yes, I know it’s hard to believe, but the company you invest in will reward you with bonus money!

Let’s take a look at the aftermath of the stocks that paid out dividends this month:

August Side Income 2022 Stock Dividends

Which stocks have I invested in? I have a few individual stock picks, but the finance community knows this is a loser’s game. I mainly hold VTI, the Vanguard Total Stock Market Index Fund, which allows you to be diversified and capture 3,525 different stocks with a minimal expense ratio, or annual fee, of 0.03%. Index funds will often take you to the promised land in the long run.

Typically, you have 2 choices with dividends. You can either accept the dividend as cold hard cash or you can choose to reinvest the money back into the same stock automatically. It’s as simple as clicking the ‘yes’ button when prompted with the question on whether or not to re-invest dividends.

I strongly recommend you to reinvest your dividends and capital gains. Why? Well, look at this way: you didn’t have the earned dividend money to begin with. Do you really need it at this moment? Why not let your additional money grow even more? Open up an investment account and enjoy the magic of compounding interest by increasing your principal investment.

August Side Income – Stock Dividends / Interest Total: $74.40

 

In my free time, I participate in paid surveys. It’s one of my other sources of income. The surveys are mindless and allow you to temporarily escape from life’s struggles and reality. Oftentimes, you have a chance to play your part in society and provide meaningful feedback on hot topics that may be decided by top companies and government officials.

The 3 survey programs I use daily are:

  1. Prolific
  2. Pinecone Research
  3. YouGov

I strongly recommend any of these three survey websites because of the higher payouts. Our time on this planet is valuable. Always consider how much time you are trading for money.

Prolific

Prolific seems to have the highest quantity of surveys available. Each survey also previews an hourly rate to the user. This significantly helps in determining if the survey is worth your time. I’ve seen them range from $3/hour all the way up to $30/hour, but on average are $8/hour.

Pinecone Research

Pinecone Research surveys always reward you with $3 for every survey. Since each survey is typically around 10 minutes long, the site has a pretty standard hourly rate of $12/hour. However, the frequency of surveys is much less than Prolific.

YouGov

Finally, YouGov’s typical survey lasts for 10 minutes and will pay out $1.50, translating to an hourly rate of $6/hr. Even though it is the lowest payout, it still helps to have supplemental income. Again, always consider the balance between time and money.

YouGov is an eclectic group of the media, nonprofits and companies that congregate to find out what the world thinks. YouGov happens to be one of the most-quoted data sources in the US and across the world.

Prolific, Pinecone Research, and YouGov offer all kinds of rewards, but I normally recommend cash payout via PayPal. The transfer is usually instantaneous. Prolific does pay out in GBP, but the money is translated to USD when conducting a bank transfer in PayPal.

In fact, Prolific does not have a minimum payout, Pinecone’s minimum payout is $5, and YouGov’s minimum cash payout is $50, albeit YouGov offers the option of a $15 Amazon gift card.

August Side Income 2022 Survey Earnings

August 2022 Side Income Pinecone Research Cash Out

August Side Income 2022 Prolific Earnings

August Side Income 2022 Prolific Earnings Conversion

August Side Income – Surveys Total: $183.27

 

An additional passive income stream is selling your old goods or unused consumer products. Simply list your items with competitive pricing on Amazon and/or eBay, sit back, and let the buyers make you offers.

I often notice friends, family, and even co-workers constantly looking to throw out items that are still in perfectly good condition; it drives me nuts! Why not let someone bid on the product? Worst case will be that it doesn’t sell, and then you can throw out the item. No harm, no foul.

At the very least, donate your stuff. I typically enjoy donating old apparel to the Salvation Army and other charities. It always feels good to know your treasured clothing is not going to waste.

This month, there was one stranger that bought an item of my personal inventory I was looking to discard. After fees and small shipping costs, I usually still walk away with a hefty profit.

August Side Income 2022 Seller Earnings

August Side Income 2022 eBay August 23

August Side Income – Selling Total: $72.20

 

As a blogger, I would like to keep the user experience as clean as possible. Therefore, I have chosen to keep all Google AdSense ads from my website. I am an avid reader of many other blogs, and I can truthfully admit it retracts from the reading experience. I am very proud of this decision and will continue with this route.

August Side Income – Google AdSense Revenue: $0.00

 

I published my first eBook titled How I Launched, Marketed, and Promoted a High-Traffic Blog in Under 15 Days last year. I only promoted the book as part of the launch, but several people found their way to the sales page. Again, this is a learning process to convert the views into actual sales. As Robert Kiyosaki alludes to in his book Rich Dad, Poor Dad, it’s all about being a best-selling author, not a best-writing author. There is a subtle yet significant difference.

August Side Income – eBook Blog Startup Manual Sales: $0.00

 

Who would’ve ever thought that spending money would actually earn you money? Well, with cash-back credit cards, now it’s certainly possible. With my Capital One Venture Card, I can now make this dream a reality.

Depending on the card you have, you’ll score 1-2 miles with every dollar you spend. Capital One Miles can be used in a variety of ways and are generally worth between half a cent and one cent apiece.

Earn 50,000 bonus miles (equivalent to $500) once you spend $3,000 on purchases within the first 3 months from account opening.

Although I’m still trying my best to limit opportunities to throw away those hard-earned paychecks, the positive result is that I earn more in cash back from the credit card rewards.

August Side Income 2022 Capital One Credit Card Cash Reward Cash Back

After looking at my monthly expense report, I saw that I earned 2,963 miles, which is equivalent to $29.63.

I now have a Chase Sapphire Preferred Credit Card.

Earn 80,000 bonus miles (equivalent to $1,000) once you spend $4,000 on purchases within the first 3 months from account opening.

June Side Income 2022 Chase Sapphire Credit Card Bonus

When you use points to redeem for cash, each point is worth $.01 (one cent), which means that 100 points equals $1 in redemption value. Each point you redeem for travel booked through Chase Ultimate Rewards is worth $.0125 (one and a quarter cents), which means that 100 points equals $1.25 in redemption value, and points are worth 25% more than if redeemed for cash. For example, 20,000 points are worth $250 when redeemed for travel purchases, or $200 when redeemed for cash. The cost of travel is based on the rates and fares available through the Ultimate Rewards website and travel center, and may not reflect all rates and fares that are available through other sales channels.

If you choose to use points and your Chase Sapphire Preferred credit card to pay for your purchase, each point will be worth $.0125, but your credit card will be charged the full remaining dollar amount.August Side Income 2022 Chase Sapphire Credit Card Points

After this month, I was able to earn $30.72 this month from the Chase card.

August Side Income – Capital One & Chase Sapphire Preferred Credit Card Cash-Back Rewards – $60.35

 

Well, that’s it for this month’s side income report! Hope your 2022 is going well.

In 2021, I was able to max out my Roth IRA and 401k – I highly recommend you do the same in 2022 if you have the option! In January, I immediately transferred the maximum $6,000 limit from my taxable brokerage account to the tax-deferred Roth IRA for the 2022 year, with most of it invested during a market correction at the end of January. The sooner, the better since time in the market often beats timing the market.

Investing in 2022 is a great time because we are in a bear market (down over 20% from the highs) so stocks are on sale!

Thank you for taking the time to read through my latest August income report and thank you for contributing if you have previously purchased something through one of my affiliate links!

If you wish to support this site, but don’t have a need for any of FLA’s affiliate products, you could simply do your regular Amazon shopping through any of the links on this site that lead to Amazon.com. You won’t pay any extra and FLA will receive a small commission. Thanks so much if you do so!

That’s a wrap for this income report! I am looking forward to earning more money on the side in the future. Stay hustlin’, my friends!

August Side Income 2022 Summary

Total August Side Income: $390.22

 

How was your August 2022 side hustling? Let me know in the comments below.

 

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