May Side Income Report | 2021

May 2021 Side Income

Welcome to the 2021 May 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 70%+ of my annual income year after year, I’m approximately 25% of the way to retirement with 10 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 May 2021 Side Income Report.

 

MAY 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 May.

 

 

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 may 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:

May Side Income 2021 Stock Dividends

Which stocks have I invested in? I have a few individual stock picks, but the finance community knows this is often 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.

May Side Income – Stock Dividends / Interest Total: $90.55

 

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.

May Side Income 2021 Survey Earnings

May 2021 Side Income Pinecone Research Checkout

May Side Income 2021 Prolific Earnings

May Side Income 2021 Prolific Earnings Conversion

May Side Income – Surveys Total: $98.35

 

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 no strangers to bite on any 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.

May Side Income 2021 Seller Earnings

May Side Income – Selling Total: $0

 

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.

May Side Income – Google AdSense Revenue: $0

 

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.

May Side Income – eBook Blog Startup Manual Sales: $0

 

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.

This month I spent more than usual since the Covid-19 restrictions are now being lifted from from most U.S. states. 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.

May Side Income 2021 Capital One Credit Card Cash Reward Cash Back

After looking at my monthly expense report, I saw that I earned 7,871 miles, which is equivalent to $78.71.

May Side Income – Capital One Credit Card Cash-Back Rewards – $78.71

 

Well, that’s it for this month’s side income report! Hope your 2021 is going well.

In 2020, I was able to max out my Roth IRA and 401k – I highly recommend you do the same in 2021 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 2021 year, with most of it invested during a small market pullback at the beginning of March. The sooner, the better since time in the market often beats timing the market.

Thank you for taking the time to read through my latest May 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 and this year! I am looking forward to earning more money on the side in the future. Stay hustlin’, my friends!

Total March Side Income: $267.61

 

How was your March 2021 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.

April Side Income Report | 2021

April 2021 Side Income

Welcome to the 2021 April 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 70%+ of my annual income year after year, I’m approximately 25% of the way to retirement with 10 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 April 2021 Side Income Report.

 

APRIL 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 April.

 

 

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 may 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:

April Side Income 2021 Stock Dividends

Which stocks have I invested in? I have a few individual stock picks, but the finance community knows this is often 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.

April Side Income – Stock Dividends / Interest Total: $0.05

 

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.

April Side Income 2021 Survey Earnings

March 2021 Side Income Pinecone Research Cash Out

 

April Side Income 2021 Survey Earnings

This month I also cashed out on my auxiliary survey sites Syno Media Panel and PureProfile for the month of April.

April Side Income 2021 Syno Media Panel Cash Out

April Side Income 2021 Pureprofile Cash Out

As you’ve seen from the October 2020 Income Report, I do not recommend to focus your main efforts on Syno and PureProfile due to the lack of surveys and low payouts.

April Side Income – Surveys Total: $174.45

 

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 no strangers to bite on any 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.

April Side Income 2021 Seller Earnings

April Side Income – Selling Total: $0

 

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.

April Side Income – Google AdSense Revenue: $0

 

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.

April Side Income – eBook Blog Startup Manual Sales: $0

 

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.

This month I was able to keep my spending down due to the ongoing Covid-19 pandemic that limits the amount of time spent outside the house, thus limiting the amount of opportunities to throw away those hard-earned paychecks.

April Side Income 2021 Capital One Credit Card Cash Reward Cash Back

After looking at my monthly expense report, I saw that I earned 2,176 miles, which is equivalent to $21.76.

In addition, I was able to use Capital One’s Purchase Eraser function to use my reward miles to earn a free $157 flight!

Capital One Credit Card Purchase Eraser October 2020

April Side Income 2021 Capital One Credit Travel Reward

April Side Income – Capital One Credit Card Cash-Back Rewards – $21.76

 

Well, that’s it for this month’s side income report! Hope your 2021 is going well.

In 2020, I was able to max out my Roth IRA and 401k – I highly recommend you do the same in 2021 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 2021 year, with most of it invested during a small market pullback at the beginning of March. The sooner, the better since time in the market often beats timing the market.

Thank you for taking the time to read through my latest April 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 and this year! I am looking forward to earning more money on the side in the future. Stay hustlin’, my friends!

Total March Side Income: $196.26

 

How was your March 2021 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.

Stocks | How To Know Which To Buy And When To Invest? [Investing Strategy 101]

How To Know Which Stocks To Buy And When To Invest - Investing Strategy 101

Disclosure: Fresh Life Advice may receive commissions for affiliate links included in this stocks article. However, we only include links to products that we believe in and utilize ourselves. These recommendations are not given out lightly.

The Main Rules of Fresh Life Advice Stock Investing Strategy

Of all the articles published in this blog’s archives, you can really boil down my incoherent ramblings into a few fundamentals that anyone can use to become a wealthy investor:

  1. Save more than you spend. Live below your means to be able to invest as much money as possible and as early as possible.
  2. Choose passively managed index funds or ETF’s (i.e. NYSEARCA: VTI or MUTF: VTSAX) with the lowest expense ratios (less than 0.15%) in lieu of picking individual stocks, mutual funds with high fees, or actively managed hedge funds.
  3. No short-term active trading. Yes, I’m even talking about the GameStop Stock Frenzy.
  4. Buy and hold for as long as possible, preferably forever. The longer you remain invested, the less “rigged” the market is.
  5. Pick a portfolio allocation and stick to it. Asset allocation trumps stock-picking and a constant search for alpha.

With all that being said, sometimes I will occasionally indulge my animalistic instincts and make speculative plays. In these cases, I am essentially betting on a certain equity (stock) to outperform the market.

But it’s important to realize individual stock investing should not be the majority of your portfolio. We are talking less than 20% of your net worth. Think of it as fun money. If you theoretically lost it all, you would not be devastated.

I know, even losing more than a penny, can be devastating to one’s fragile ego.

INVESTING IN INDIVIDUAL STOCKS

Investing in individual stocks and equities can be overwhelming. There are so many options to choose from. How do you know which will perform well?

The truth is… No one knows.

No one can confidently predict the future without knowing. That’s why investing in low cost index funds is such a trusted solution.

In general, the index funds track the overall market performance. Since indexes like the Standard & Poor’s 500 (S&P 500) are composed of 500 large public stocks, they can capture the stocks that do incredibly well. However, they also contain stocks that possibly underperform or file for bankruptcy.

The world usually references the S&P 500 or the Dow Jones Industrial Average as two major indexes that capture the stock market. They are two different indexes, but both are composed of some of the major companies that drive the market.

Time To Invest - S And P 500 Index History Chart
Source: Fed Prime Rate

Although there is no way to tell what the future holds, studying the general market structure and where we are in the current market cycle can help provide a framework for better decision making and future market expectations.

The chart below shows the historical performance of the S&P 500 Index throughout the U.S. Bull and Bear Markets from 1926 all the way up to 2019. It’s imperative to remember past performance is no guarantee of future results. Nevertheless, looking at the history of the market’s expansions and recessions does help to gain a ‘Fresh Life Advice’ perspective on the benefits of investing for the long haul.

Time To Invest - History of U.S. Bear and Bull Markets Since 1926
Source: First Trust Advisors L.P., Bloomberg. Returns from 1926 – 2019.

On the other hand, the Dow Jones Industrial Average (DJIA) is comprised of 30 large public companies. In the financial industry, the DJIA is used as a benchmark for the largest stock market in the world.Time To Invest - Dow Jones Industrial Average History

What can you observe from looking at the charts above?

Have a child look at this, and even they will be able to tell you the line goes up over time.

Investing, otherwise known as buying and holding, is not the same as gambling. If you invest in the market long enough, your investment will increase! Great news for investors!

Due to the former factors, the rate of return for index funds is much more stable than for individual stocks. In other words, the increases and decreases may not be as significant as other equities. This is also what’s known in the finance world as lower volatility.

Stocks are a risky investment vehicle – don’t get me wrong. But index funds are so diversified that it’s nearly impossible for you to lose your entire investment since the fund is unlikely to crash 100% when so many different companies are held in the fund portfolio.

However, as we’ve seen in the past (Covid-19 Correction of March 2020, Financial Crisis of 2008-2009, Dot-Com Bubble of 2000, etc.), investing in individual companies that do go bankrupt can lead to you lose all of your equity in that respective company.

Just remember:

“The markets can stay irrational longer than we can stay solvent…”

– John Maynard Keynes, Economist

Essentially, just because you made the right fundamental investment doesn’t mean the market will treat you fairly. It’s an “Eat-or-be-eaten” world. And the market can easily strip you of all your hard-earned money if you aren’t careful with your risk.

I’m a firm believer that you should never invest in anything that causes you to lose sleep. Dale Carnegie mentions in his famous best-selling book How to Stop Worrying and Start Living.

Without further ado, the two main approaches to use for investing in individual stocks are fundamental analysis and technical analysis.

FUNDAMENTAL ANALYSIS

Fundamental analysis measures stocks by looking at their intrinsic value. For this theory, companies are worth the net present value of their cash flows. Long-term investors study everything from the overall economy and industry conditions to the financial strength and management of individual companies. Earnings, expenses, assets, and liabilities all come under scrutiny by fundamental analysts.

Let’s run through 3 main aspects of fundamentals to check before investing in a stock.

1. Quarterly Earnings

Quarterly earnings are arguably the most important quality of a good stock.

If the company is consistently making money, you will be consistently making money too!

People always like to advise “Let your winners win”. I interpret this as the classic buy and never sell model that Warren Buffett’s mentor, Benjamin Graham, preaches in his book The Intelligent Investor. The underlying basis of this novel is fundamental analysis.

Companies that flaunt consistent earnings beat will see a steady increase in price. This is a major indication that the company is doing something right.

Here is an example of what Apple’s quarterly earnings looks like.

2. Company Leadership

Many investment gurus also claim that past performance does not indicate future results. There is no denying this, but instincts tell us this isn’t painting the whole picture.

Warren Buffett bought more than $1 billion of Coca-Cola (KO) shares in 1988, an amount equivalent to 6.2% of the company, making it the largest position in his portfolio at the time. It remains one of Berkshire Hathaway’s biggest holdings today. Coca-Cola’s iconic name and global reach created a moat around its core soft drink product, so Buffett did not have to worry a competitor would come and take away its market share.

There was a profound perspective Warren touted: no matter who was the CEO of Coca-Cola, the company would still thrive due to the economic powerhouse it had become.

For 99% of the other companies, leadership matters. If a company doesn’t have a strong C-Suite or Board of Directors, the company’s profits may suffer too.

3. PE Ratio

Price-to-Earnings (P/E) Ratio: A ratio used for valuing companies and to find out whether they are overvalued or undervalued.

When To Invest Price To Earnings Ratio Formula

A high Price-Earnings ratio indicates that investors are expecting higher growth of company’s earnings in the future compared to companies with a lower Price-Earnings ratio.

A low Price-Earnings ratio may indicate either that a company may currently be undervalued or that the company is doing exceptionally well relative to its past trends.

When a company has no earnings or is posting losses, in both cases P/E will be expressed as “N/A.” Though it is possible to calculate a negative P/E, this is not the common convention.

In general, if you see this P/E ratio higher than 30, the stock is likely overvalued unless there is significant future growth planned.

Jeremy J. Siegel’s The Future for Investors: Why the Tried and the True Triumph Over the Bold and the New is a great resource for all kinds of investors interested in fundamental analysis.

Siegel is the Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania. He discusses extensively on the economy and financial markets.

PE Ratio in Action

In his novel, Siegel argues that P/E ratio matters. He compares all kinds of stocks. For example, he asks you if you’d rather invest in Standard Oil of NJ or IBM from 1950 to 2003. What do you think?

Initial instinct tells you IBM because of the technological revolution. As a result, IBM did well because investors expected it to do well.

The basic principle of return states that the long-term return on a stock depends not on the actual growth of its earnings but on how those earnings compare to what investors expected.

The results? Standard Oil of NJ beat out IBM by a narrow margin of a 14.42% return vs a 13.83% return.

Although the difference seems small, when you look at equal initial investments of $1,000 in each company, the outcome is astounding!

After 53 years, the small investment in the oil giant yields $1,260,000 while IBM yields $961,000. That’s 24% less…

Investing Leaving Money on the Table

Who really would want to leave that $299,000 difference on the table? No one.

Siegel also strongly advises reinvesting dividends, just like I do in my monthly income reports. Reinvesting dividends is the critical factor giving the edge to most winning stocks in the long run.

Siegel has stated that IPOs typically disappoint. In fact, he analyzed 9,000 IPOs between 1968 and 2003 and concluded that they consistently underperformed a small-cap index in nearly 4 out 5 cases. That’s a whopping 80%! Others disagree, especially with some of the hottest tech IPO’s that debuted between 2003 and present day.

If you were curious, Siegel has found the best performing stock from 1925 to 2003. Not many would have guessed it, but Phillip Morris, now known as Altria Group (NYSE: MO), dominated.

  1. Phillip Morris (NYSE: MO)
  2. Abbott Labs (NYSE: ABT)
  3. Bristol Myers Squibb (NYSE: BMY)
  4. Tootsie Rolls (NYSE: TR)

I’m sure no one would have expected Tootsie Rolls to be on that list, but chocolate candies were popular during this time!

The top 20 average is 15.26%, versus 10.85% for the S&P 500.

Average PE ratio of these companies is 19.04 versus S&P 500 PE ratio of 17.35.

Note that the average dividend yield is 3.40%, so they return cash to shareholders.

Siegel says if you look at every stock traded from 1925, the best performing stock is Phillip Morris. If you look at the best performing stock since 1950, it is Philip Morris. What is best stock since 1957? You guessed it – Philip Morris.

If you put $1,000 in the S&P 500 in 1957, it would be $124,522 by the end of 2004.

If you had put that same $1,000 in Philip Morris, it would be worth $4.6 million.

Philip Morris has even paid $125 billion to litigants for cigarette liability… And they still have outperformed the rest of the market.

History shows that, on average, just two stocks from the global market-cap top 10 list remain on the list a decade later. The two survivors almost always include the number-one stock.

But the number-one stock has never been top dog a decade later, ultimately underperforming and moving lower in the list. The second surviving stock has 50/50 odds of beating the market. If this history repeats, 9 of the top 10 market-cap stocks will underperform the market over the next 10 years, and just one has a 50% chance of underperforming.

Fundamental Analysis Summary

  • Companies are worth the net present value of their cash flows
  • Buy and hold companies priced below their intrinsic value
  • Markets are 90% rational, 10% psychological
  • Long-term investors

TECHNICAL ANALYSIS

Technical analysis uses visual patterns on a chart created by price to determine where the market is moving. For technical analysis, traders attempt to identify opportunities by looking at statistical trends, such as movements in a stock’s price and volume. Traders theorize there is no need to pay attention to the fundamentals since they are assumed to be factored into the price already. Technical analysts do not attempt to measure a security’s intrinsic value. Instead, they use stock charts to identify patterns and trends that suggest what a stock will do in the future.

1. RSI Indicator

Relative Strength Index (RSI): A momentum oscillator that is able to measure the velocity and magnitude of stock price changes.

The relative strength index (RSI) conveys a stock’s momentum, where RSI is calculated as the ratio of positive price changes to negative price changes.

RSI analysis compares the current RSI against different conditions.

  • An RSI value of 70 indicates the stock is Overbought. Recommended Action: Hold or Sell.
  • An RSI value of 50 indicates the stock is Neutral. Recommended Action: Hold.
  • An RSI value of 30 indicates the stock is Oversold. Recommended Action: Buy.

When determining whether to buy a stock, you should go through many steps. Some steps are implicit, but all are necessary in the process.

When checking the RSI of a stock, ensure the indicator somewhere between 25 and 45 before pulling the trigger on the ‘Buy’ button.

2. MACD Indicator

Moving Average Convergence-Divergence (MACD): Difference between short-term and long-term exponential moving averages, as plotted against a center line that represents where the two averages equal each other.

The best-known volume indicator is the moving average convergence-divergence (MACD) indicator.

  • A positive MACD value shows that the short-term average is above the long-term average and the market should move upward. Recommended Action: Hold or Sell.
  • A negative MACD value shows that the short-term average is below the long-term average and that the market is moving downward. Recommended Action: Buy.

When the MACD is plotted on a chart, and its line crosses the centerline, it shows when the moving averages that make it up cross over.

The MACD indicator is the most popular tool in technical analysis because it gives traders the ability to quickly and easily identify the short-term trend direction. This helps traders to ensure that they are trading in the direction of momentum.

3. ADX Indicator

Average Directional Index (ADX): Uses positive and negative directional indicators to determine how strong an uptrend or downtrend is on a scale of 0 to 100.

  • Values below 25 indicate a weak trend.
  • Values over 25 indicate a strong trend.

The ADX indicator can be used to dictate if a security is trending or not. This deduction helps traders choose between a trend-following system or a non-trend-following system. The ADX indicator is an average of expanding price range values.

The Aroon indicator is a very similar tool to analyze trends. The ADX is composed of a total of 3 lines, while the Aroon indicator is composed of 2.

The Aroon indicator plots the lengths of time since the highest and lowest trading prices were reached, using that data to ascertain the nature and strength of the trend or the onset of a new trend.

Technical Analysis Summary

  • Companies are worth what other investors perceive their as their worth
  • Buy and sell companies based on movement in stock prices
  • Markets are 10% rational, 90% psychological
  • Traders

If you want to learn more about technical analysis, a great place to start is Technical Analysis for Dummies. Don’t be too offended by the title. The book really does a great job of taking a complex subject and educating using terms that an average investor can easily digest.

ARE STOCK ANALYSIS METHODS OUTDATED?

We can look at popular stock like Amazon.com, Inc. (NASDAQ: AMZN) and wonder “Is fundamental analysis broken?

Time To Invest - Amazon PE Ratio 5 Year History
Source: YCharts

Here, we see the PE ratio of Amazon reached insane levels of near 500 in 2016. Yes, shareholders were paying more than 500 times the earnings…

Time To Invest Amazon Stock Price 5 Year History
Source: Google Finance

Yet, when we look at the stock price graph above, the stock continued to soar despite overvaluation.

Some of the most popular tech stocks are from the FAAMG acronym, which stands for:

  • Facebook (NASDAQ: FB)
  • Amazon (NASDAQ: AMZN)
  • Apple (NASDAQ: AAPL)
  • Microsoft (NASDAQ: MSFT)
  • Google (NASDAQ: GOOGL / NASDAQ: GOOG)

As of April 01, 2021, the market capitalization of these companies summed up to $848.14B + $1.58T + $2.06T + $1.82T + $1.44T = $7.75 trillion.

Each of the stocks in the FAAMG class is in the top 10, by market cap, of the S&P 500 index. Although the five stocks are only 1% of the 500 companies in the index, they make up 22% of the market value weighting in the S&P 500.

Since the S&P 500 has widely been accepted as representation of the US economy, a collective upward (or downward) movement in the stock performance of FAAMG will most likely lead to a similar movement in the index and the market.

Some experts are predicting another tech bubble and market crash like the one in 2000.

However, some analysts have noted that there is a major difference this time. Nowadays, there is plenty room for the current tech class to grow as areas of cloud computing, social media, e-commerce, artificial intelligence (AI), machine learning, and big data are still being explored and developed.

Only time will tell.

It feels like everyone is day trading or hitting the jackpot. Remind yourself to stay on your own investing course. Boring and slow often is the way to wealth.

USING FUNDAMENTAL AND TECHNICAL ANALYSIS TOGETHER

The Efficient Market Hypothesis argues that asset prices reflect all available information, so you cannot reliably use fundamental analysis (expert stock selection) or technical analysis (market timing) alone to outperform the overall market.

Top Stock Investing Strategies

Should you buy what’s been working? Pour money into your losers? Pick new stocks altogether?

Yes, buying individual stocks offers the potential for greater gains but it also opens you up to all sorts of psychological pitfalls that don’t necessarily apply when owning the entire stock market.

The problem for many investors these days is they only believe in their stocks when they’re rising. If you don’t believe in those same stocks when they’re falling, you have no business owning them over the long haul.

You don’t have to meticulously study the stock market day in and day out like some hedge funds or financial analysts, but if you keep an occasional watchful eye, you will be able to tell when the stock market is hot or cooling off.

Buy low, sell high. You’re well aware of this trite advice, but it’s easier said than done. When you’re experiencing 30% – 50% drops of your entire net worth within months, and even in the short span of days, are you really going to have the discipline to refrain from panic selling?

FREE STOCK ANALYSIS TOOLS

One of the best free tools used to track the state of the market is the Fear and Greed Index.

  • Use this to your advantage to buy when others are fearful.
  • Hold (or sell) and enjoy watching your gains skyrocket when most investors are greedy.

Other free tools I frequently use to compare stocks include the following:

This is, by all means, not the most comprehensive method of buying stocks. However, I can guarantee you’ll have an edge over the average Joe.

One of the biggest reasons why I believe my portfolio has outperformed the S&P is pure luck because I never sell. I’ve never sold a stock.

And I don’t plan to until I actually need the money. You ask – when will that be, FLA?

Once I’ve left my corporate 9-5 job, I will live off the dividends of my stocks to financially support my ideal retirement.

WIN OR LOSE

Don’t forget that for every stock buy, there is someone on the other side of the deal that is selling their shares. That’s mainly where you see the buy / ask price. The broker is looking for a seller that agrees to the asking price.

The bid price refers to the highest price a buyer will pay for a security. The ask price refers to the lowest price a seller will accept for a security. The spread is the difference between these two prices. The smaller the spread, the greater the liquidity is of the given security.

For every stock transaction, there will be a winner and loser. Which side will you be on?

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 is your investing strategy? When do you know it’s the right time to buy or sell a stock? Let me know in the comments below.

March Side Income Report | 2021

March 2021 Side Income

Welcome to the 2021 March Side Income Report.

I’ve been blogging A LOT these past 2 months… April Fools!

Stay tuned for more this year though.

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 70%+ of my annual income year after year, I’m approximately 25% of the way to retirement with 10 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 March 2021 Side Income Report.

 

MARCH 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 March.

 

 

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 may 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:

March Side Income 2021 Stock Dividends

Which stocks have I invested in? I have a few individual stock picks, but the finance community knows this is often 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.

March Side Income – Stock Dividends / Interest Total: $206.66

 

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.

March 2021 Side Income Survey Earnings

March 2021 Side Income Pinecone Research Cash Out

March 2021 Side Income Prolific Cash OutMarch 2021 Side Income Prolific Cash Out Transfer

 

March Side Income – Surveys Total: $177.58

 

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 to bite on 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.

March 2021 Side Income Seller Earnings

March 2021 Side Income eBay March 25

March Side Income – Selling Total: $23.00

 

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.

March Side Income – Google AdSense Revenue: $0

 

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.

March Side Income – eBook Blog Startup Manual Sales: $0

 

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.

This month I was able to keep my spending down due to the ongoing Covid-19 pandemic that limits the amount of time spent outside the house, thus limiting the amount of opportunities to throw away those hard-earned paychecks.

March 2021 Side Income Capital One Cash Back Earnings

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

March Side Income – Capital One Credit Card Cash-Back Rewards – $36.46

 

Well, that’s it for this month’s side income report! Hope you all had a great start to 2021.

In 2020, I was able to max out my Roth IRA and 401k – I highly recommend you do the same in 2021 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 2021 year, with most of it invested during a small market pullback at the beginning of March. The sooner, the better since time in the market often beats timing the market.

Thank you for taking the time to read through my latest March 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 and this year! I am looking forward to earning more money on the side in the future. Stay hustlin’, my friends!

Total March Side Income: $443.70

 

How was your March 2021 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.

February Side Income Report | 2021

February 2021 Side Income

Welcome to the 2021 February 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 70%+ of my annual income year after year, I’m approximately 25% of the way to retirement with 10 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 February 2021 Side Income Report.

 

FEBRUARY 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 February.

 

 

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 may 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:

February 2021 Side Income Stock Dividends

Which stocks have I invested in? I have a few individual stock picks, but the finance community knows this is often 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.

February Side Income – Stock Dividends / Interest Total: $81.75

 

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.

February 2021 Side Income Survey Earnings

February 2021 Side Income Pinecone Research Checkout

February 2021 Side Income Prolific Cashout

February 2021 Side Income Prolific Cashout Conversion

February Side Income – Surveys Total: $83.49

 

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 no strangers to bite on any 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.

February 2021 Side Income Seller Earnings

February Side Income – Selling Total: $0.00

 

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.

February Side Income – Google AdSense Revenue: $0

 

I published my first eBook titled How I Launched, Marketed, and Promoted a High-Traffic Blog in Under 15 Days at the beginning of February. 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.

February Side Income – eBook Blog Startup Manual Sales: $0

 

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.

This month I was able to keep my spending down due to the ongoing Covid-19 pandemic that limits the amount of time spent outside the house, thus limiting the amount of opportunities to throw away those hard earned paychecks.

February 2021 Side Income Capital One Cashback Rewards

After looking at my monthly expense report, I saw that I earned 3,113 miles, which is equivalent to $31.13.

February Side Income – Capital One Credit Card Cash-Back Rewards – $31.13

 

Well, that’s it for this month’s side income report! Hope you all had a great start to 2021.

In 2020, I was able to max out my Roth IRA and 401k – I highly recommend you do the same in 2021 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 2021 year, with 1/6 of it invested during a small market pullback at the end of February. The sooner, the better since time in the market often beats timing the market.

February 2021 may have been the smallest side hustle profit income since FLA’s launch, but that’s the way the cookie crumbles. February has the fewest number of days so this isn’t all that surprising, folks. However, it’s best to not let excuses stop momentum! I am still more than grateful that the total is more than $0.01.

Thank you for taking the time to read through my latest February 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 and this year! I am looking forward to earning more money on the side in the future. Stay hustlin’, my friends!

Total February Side Income: $196.37

 

How was your February 2021 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.

January Side Income Report | 2021

January 2021 Side Income Report

Welcome to the 2021 January Side Income Report. New year, same side hustles! 2021, bring it on!

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 70%+ of my annual income year after year, I’m approximately 25% of the way to retirement with 10 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 January 2021 Side Income Report.

 

JANUARY 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 January.

 

 

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 may 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:

January 2021 Side Income Stock Dividends

Which stocks have I invested in? I have a few individual stock picks, but the finance community knows this is often 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.

January Side Income – Stock Dividends / Interest Total: $0.09

 

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.

January 2021 Side Income Survey Earnings

January 2021 Side Income Pinecone Research Cash Out

January 2021 Side Income Prolific Cash Out

January 2021 Side Income Prolific Cash Out Transfer

January Side Income – Surveys Total: $71.08

 

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, I was fortunate enough for strangers to bite on 4 items of my personal inventory I was looking to discard. After fees and small shipping costs, I still walk away with a hefty profit.

I was even able to avoid shipping fees on the Speed Stack Cup Set. The buyer was in my area, and the exchange was something I’ll never forget. A father of 2 young boys met me at a local train station. I handed the set to the 2 boys, and the smiles on their faces (behind the masks) were absolutely glowing. It was quite amazing to see how happy a set of simple cups that I haven’t touched in a decade could make children so happy. It may have been the smallest earning of the month, but it was certainly the most memorable.

January 2021 Side Income Seller Earnings

January 2021 Side Income eBay January 8

January 2021 Side Income eBay January 13

January 2021 Side Income eBay January 15

January 2021 Side Income eBay January 30

January Side Income – Selling Total: $237.82

 

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.

January Side Income – Google AdSense Revenue: $0

 

I published my first eBook titled “How I Launched, Marketed, and Promoted a High-Traffic Blog in Under 15 Days” at the beginning of January. 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.

January Side Income – eBook Blog Startup Manual Sales: $0

 

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.

This month I was able to keep my spending down due to the ongoing Covid-19 pandemic that limits the amount of time spent outside the house, thus limiting the amount of opportunities to throw away those hard earned paychecks.

January 2021 Side Income Capital One Cash Back Earnings

After looking at my monthly expense report, I saw that I earned 3,450 miles, which is equivalent to $34.50.

January Side Income – Capital One Credit Card Cash-Back Rewards – $34.50

 

Well, that’s it for this month’s side income report! Hope you all had a great start to 2021.

In 2020, I was able to max out my Roth IRA and 401k – I highly recommend you do the same in 2021 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 2021 year, ready to invest when I see fit. The sooner, the better since time in the market often beats timing the market.

Thank you for taking the time to read through my latest January 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 and this year! I am looking forward to earning more money on the side in the future. Stay hustlin’, my friends!

Total January Side Income: $343.49

 

How was the start of your 2021 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.

What Is Going On With GameStop Stock? | Explained

So what is going on with GameStop stock? What has happened to the stock ticker NYSE: GME? Let’s break it down into layman’s terms and explain this roller coaster ride of a company.

GameStop Corp. went from being nearly bankrupt to seeing its shares up by 2,000% in less than a week — but how did it happen, what’s Reddit have to do with it, and is it even legal?

First, let us define some financial terms.

What Does This Have To Do With Hedge Funds?

Hedge Fund: A group of investors with large amounts of capital – think in terms of billions. These funds hire analysts to track trends in the market to “hedge” against changes in the future.

Point72 Asset Management, Melvin Capital, Citron Research, D1 Capital Partners, Maplelane Capital, and Candlestick Capital Management are all hedge funds that have suffered immense losses, some in the range of billions of dollars, due to the events that have unfolded around GameStop Corp.

How Does Short Selling Work?

Short Selling: Basically, you borrow a stock on credit, and sell it to someone else. Then, you offer to buy it back when the price decreases. Ultimately, you gain the difference in price and it has been the traditional way to gain money off a market crash or decline.

I’d recommend watching the movie The Big Short as it effectively delves into how short selling was pragmatically utilized during the Financial crisis of 2007–2008. The movie also helps to visualize how the economic collapse in America transpired.

In addition, it may be helpful to watch Season 1 Episode 4 of the HBO show Billions because the episode conveys a prime fictitious example of a short squeeze.

Short Squeeze: When two of these hedge funds get into a financial argument, one fund often shorts because they think the stock will go down, and one buys because they think it will go up. The one buying attempts to buy faster than the stock was dipping to put pressure on the shorter to buy back stock to cover its losses.

Okay, thank you for making it this far, very boring, I know.

GameStop Stock (GME) Frenzy

So what happened is there’s a group of individuals on Reddit that like to gamble on stocks (it is speculative gambling, some may argue investing, but advisors can assure you otherwise) called WallStreetBets (WSB). These guys are as young as 17 years old, using new apps like Robinhood that make investing cheap and easy.

WSB were tracking a regime change at GameStop (yes, that video game store). For those of you unfamiliar, GameStop is an American video game, consumer electronics, and gaming merchandise retailer.

What Is Going On With GameStop Stock Wolf of Wall Street

GameStop Corp. got a new investor that wanted to change the business strategy there, citing management problems being the biggest issue for the failing company. The investor started working on developing an online presence for the company to buy/rent/sell games for better prices than they were currently offering. This amelioration took the price from about $4 per share in June/July of 2020 to upwards of $10 per share in August/September of the same year.

This was a problem though… “But stocks going up are good, right?” Right… Unless you were shorting the stock due to a guaranteed decline on the back of an outdated business model turning negative revenue.

That’s right, our old friends – those aforementioned hedge funds, had shorted GME upwards of 140% of the available GameStop stock. This was actually such a heavy short that it was contributing to the decline of the stock price up until the regime change.

Meanwhile, on the subreddit WSB, some of these guys figured it out, and began buying the stock, simultaneously  encouraging others to buy as well. The stock even got an unexpected bump from Tesla’s / SpaceX’s CEO Elon Musk’s tweet.

See, the hedge funds were so confident they could keep the price down, they did not anticipate a short squeeze, but a couple hundred thousand people on the Internet got together and began squeezing anyway. And squeezing, and squeezing until BOOM…

Suddenly, GME hits all-time highs $100, $150, $200, $300, and $400 per share. At its highest peak, the company was valued high enough to be in the Fortune 500. Yes, you read that correctly. GameStop in the Fortune 500! This is all occurring while GameStop’s physical stores are closing down from lack of business during a global pandemic.

What Is Going On With GameStop Stock Fortune 500

This hit the hedge funds so hard that they borrowed (legitimately) almost 3 billion dollars to short against a couple hundred thousand guys on the Internet.

Some of these WSB guys (and teenagers) have made between $100k and $25 million. They are paying off student loans, medical bills, paying their way through college, etc.

And the hedge funds? Some of them are reporting a 100% loss (in the billions of dollars, mind you).

Why Is This Significant? Should I Care?

Why is this significant if there’s no way this can last? Yes, GME will go back down probably to $20 and there’s no way to tell when. It’s a ticking time bomb of a stock.

But, some of these same hedge funds were bailed out between 2008 and 2010 by the federal government. Guess what. These funds were just taken to the cleaners by a bunch of college-aged common folk with nothing but a free app and a Discord server so they could pay for college and also get rich.

Don’t let anyone tell you that this was some sort of illegal scheme or the poor fund managers are losing too much money. These games are played on Wall Street all the time. That’s just the way the system is set up. This anomaly proved that anything can happen.

What Is Going On With GameStop Stock Market Fire

How Much Money Are We Talking?

Here’s the original guy on Reddit posting his 20 MILLION DOLLAR gain in ONE DAY. For a grand total of 48 MILLION DOLLARS LEFT IN THE MARKET.

What Is Going On With GameStop Stock 25 Million Dollar Gain

He bought 500 call contracts (100 shares per contract ) at $0.20 per share and bought 50,000 shares at about 15 dollars per share. For context, if the trend theoretically continued, GME would hit $2k per share in a few weeks, and he will have more money than the entire market cap of GameStop was worth in July 2020.

Where To Go From Here

In modern times, it feels like everyone is day trading or hitting the jackpot. Remind yourself to stay on your own investing course. Boring and slow often is the way to wealth. These market success stories that trickle into the mainstream media are there to grab your attention.

For every person that’s winning big, there’s also someone on the other side of that coin that may have lost their shirt. You rarely hear about those stories because they are not “newsworthy”.

Some people have higher risk tolerances than others. It’s ultimately up to you to determine whether you can stomach the volatility of some of these individual stocks. Is it worth the stress? Can you sleep soundly at night?

As for FLA, we are going to continue touting the index funds that have produced sound returns since the beginning of the stock market. The great news is that we don’t have to be the world’s greatest investor to benefit from this phenomenon. I mean, if FLA lucked his way into this, I think the rest of us will do just fine.

With some of the index funds, you can also rationalize that you do in fact own a small portion of GameStop via the index, along with every other stock in the U.S. market. At least, that’s how I help myself sleep at night.

With enough time and patience, nearly every investment you hold can turn into a money printing machine. And that’s when the compound interest starts to go crazy.

End Game for GameStop Stock

The GameStop C-Suite and board of directors are indeed shareholders of GME and are most likely in awe of their stock’s dramatic increase. We can be sure they have had intense meetings to decide on the next company maneuver.

As of the recent short squeeze, there are simply not enough shares of the GameStop stock to meet the demand in the market. That’s exactly why the stock has skyrocketed. But if GameStop can fill this gap, by raising capital, selling stock, and supplying shares to the market, then they will make a hefty profit.

However, given that the shareholder base is a bunch of teenagers from a subreddit, GameStop should know better not to take money from these people at $200+ per share, let alone the huge commissions that will probably go to Wall Street in a capital raise like this.

All in all, this business is unlikely to support such a high valuation. GameStop is not suddenly the new Facebook, Apple, Amazon, Netflix, or Google. It’s still mostly a business that derives its value from brick and mortar stores in malls. If you look around, you know that this is not exactly a big growth area in the coming years.

The WSB community has made a quick buck from the power of technology and online forums, but will it change the way Wall Street operates in the future? I doubt it. To be determined.

These amateur investors have also targeted other heavily shorted names including AMC Entertainment and Bed Bath & Beyond, leaving Wall Street analysts’ targets in the dust.

Robinhood has now restricted users from buying GameStop, AMC, BlackBerry, Nokia stock to stop the madness. I do not see how Robinhood remains unscathed after limiting its users like this.

Disclosure: I / We have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. This site does not receive direct compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

What are your thoughts on the GameStop frenzy? Let me know in the comments below.

How Your DISC Personality Affects Your Spending Habits

How Your DISC Personality Affects Your Spending Habits

The DISC personality assessment shows us that there are four main quadrants or variants of personality, consisting of Dominance, Influence, Steadiness and Conscientiousness. Which category do you fall under? More importantly, how does your DISC personality affect your spending habits?

The four main DISC personality types stem between two dichotomies: Active or Passive, and Task-Oriented or People-Oriented. When combined in different ways, you get a person who responds drastically differently to a particular conversation, assignment, task, environment, or anything else.

A research white paper done by Bill J. Bonnstetter, Dave Bonnstetter and Ron Bonnstetter, PhD examines 10 different countries and their DISC profile makeup. The following chart conveys how the United States DISC profiles have changed over the last 20 years.

United States DISC Profiles Over Last 20 Years

Though it may seem shallow and superficial to categorize all human beings into only 4 categories, it really is remarkable how the combination of nature and nurture effectively influences your overall behavior.

It’s also important to remember that the DISC personality is not meant to judge, but it is intended to be utilized as a useful tool to help you deal and work with others that may or may not have the same personality as oneself.

Let’s take a look at each personality style and how it affects your spending habits.

Dominance (D)

The D-personality type characterizes people who are Direct, Decisive, and Determined.

They are both Active and Task-Oriented.

D-types ask the “what” questions, “What is the bottom line?” or ” What is in it for me?”

Those with the D (Captain) personality type, also known as Type A personality, tend to be assertive, intense, and ambitious. They are usually pragmatic, results-oriented executors who work quickly and make decisions with firmness and objectivity. With a position on the top left of the DISC, Captains prefer more independence and may be drained when others expect them to be more collaborative.

The D-type of person is most concerned with deadlines. These natural born leaders are afraid of running out of time. It’s very important for them to feel like they are in control to get things done.

Core Belief: I’m valuable if I can produce.

Here are some examples of famous celebrities with the Dominance (D) personality:

  • Barbara Walters
  • Beyoncé
  • Charlize Theron
  • Donald Trump
  • Franklin D. Roosevelt
  • Gordon Ramsay
  • Helen Mirren
  • Hillary Clinton
  • Jerry Seinfeld
  • Kamala Harris
  • Mark Cuban
  • Michael Jordan
  • Robert De Niro
  • Salma Hayek
  • Tiger Woods

Money Strengths: Dominant people love to take action. When you shop, you get things done efficiently. In-and-out. That’s also a great trait to have when others are fearful, let’s say, during a market correction. You’re not afraid to pull the trigger on buying an equity on-sale.

Money Improvement Plan of Action: You can be impulsive at times. Take a step back and take notes from observing your C-type counterparts. Do more research before blindly diving into investments you don’t fully understand. Take a breather and plan out a detailed budget. Once you lay the groundwork, you are ready to continue your “Go-Go-Go” attitude!

Influence (I)

The I-personality type characterizes people who are Interactive, Imaginative, and Involved.

They are both Active and People-Oriented.

I-types ask the “who” questions, “Who is at the meeting?” or “Who else uses this?”

People with the I (Motivator) personality type tend to be enthusiastic, cheerful, and outgoing. They typically have an easy, relaxed, casual manner when speaking or interacting with others.

The biggest fear of each group can indicate a lot about that person. For example, the I-style’s biggest fear is rejection. It’s sort of an irrational fear because in many ways, the social butterfly I’s are the life of the party that bring a positive mood to the group or party.

Core Belief: I’m valuable if I can attract people.

Here are some examples of famous celebrities with the Influence (I) personality:

  • Bill Clinton
  • Britney Spears
  • Dick Van Dyke
  • Ellen DeGeneres
  • Elton John
  • Gene Wilder
  • Jack Black
  • Jeff Bridges
  • Jim Carey
  • John F. Kennedy
  • Justin Bieber
  • Taylor Swift
  • Robin Williams
  • Will Smith
  • Whoopi Goldberg

Money Strengths: Shopping is often a social activity for you. The positive spin here is that you know you’ll be making purchases you feel good about because you’ll have the affirmations of your friends, family, or significant other.

Money Improvement Plan of Action: Although, the 30% off deal on shoes may make you feel warm and fuzzy internally, you tend to go overboard and discover as many deals as you possibly can. Keep shopping a social event but bring a friend to hold you accountable to a limited number of purchases. Then, you will have leftover money to spend on other social activities that bring you joy, like a family-style dinner or even going out for a night on the town.

Steadiness (S)

The S-personality type characterizes people who are Sympathetic, Stable, and Sweet.

They are both Passive and People-Oriented.

S-types ask the “how” questions – “How are we going to do this?” or “How does this impact us?”

People with the S (Supporter) personality type tend to be calm, patient and respectful in their interactions with others. Rarely angered or excited, they are likely to work to maintain a peaceful and harmonious environment.

S-styles greatest fears are conflict and instability. In fact, S-styles worry about inconveniencing others or being a burden. Stability is important to S-style so it’s imperative to give them what they want. Contrary to how the S-personality thinks, conflict can be productive and healthy when working through prevalent issues.

Core Belief: I’m valuable if I can help others.

Here are some examples of famous celebrities with the Steadiness (S) personality:

  • David Beckham
  • Halle Berry
  • Jimmy Carter
  • Julia Roberts
  • Lana Del Ray
  • Mahatma Gandhi
  • Michael J. Fox
  • Mother Teresa
  • Mr. Rogers
  • Nancy Reagan
  • Nelson Mandela
  • Nicole Kidman
  • Tom Hanks
  • Stevie Wonder
  • Susan Lucci

Money Strengths: You live and die by the motto “If it ain’t broke, don’t fix it”. This is a great money-saving mindset when it comes to everyday consumer goods. Many highly regarded brands also reward these types of loyal customers with discounts and other types of dependable deals. The S-types are also aware that wealth building takes consistency – you invest periodically in the income producing assets, even when things get hectic and markets may be uncertain.

Money Improvement Plan of Action: Change can be hard for you. Although you like to stick to your guns, it can be advantageous to take the road less traveled sometimes. Look outside your comfort zones for other creative ways to invest and reduce your liabilities. And don’t be afraid to buy a new tube of toothpaste; no one should be putting in that much effort to squeeze out the last drop.

Conscientiousness (C)

The C-personality type characterizes people who are Calculating, Competent, and Cautious.

They are both Passive and Task-Oriented.

C-types ask the “why” questions – “Why does it work this way?” or “Why is this step needed?”

Conscientiousness is the personality trait of being careful, or diligent. Conscientiousness implies a desire to do a task well, and to take obligations to others seriously. Conscientious people tend to be efficient and organized as opposed to easy-going and disorderly.

People with the C-personality type tend to be objective, skeptical, and logical in their behavior. They are usually fiercely pragmatic and frequently solve problems with an analytical, fact-driven approach. They are likely to be more reserved in groups and may take a long time before they build enough trust to open up.

A C-style person’s greatest fears are ambiguity and criticism. C’s are the biggest critics of their own work as they are often perfectionists. He or she always needs more time to perfect his or her craft. Make sure not to rush these C-types, as this is often their biggest pet peeve. Sometimes, it is necessary to constrain their time otherwise they may be working endlessly until the end of time. Prevent any distractions that may impede their ability to accomplish the desired task.

Core Belief: I’m valuable if I am competent.

Here are some examples of famous celebrities with the Conscientiousness (C) personality:

  • Al Gore
  • Alan Greenspan
  • Albert Einstein
  • Bill Gates
  • Diane Sawyer
  • Isaac Newton
  • J.K. Rowling
  • Jodie Foster
  • Kevin Costner
  • Mark Zuckerberg
  • Michelle Rodriguez
  • Richard Nixon
  • Tim Burton
  • Tom Brokaw
  • Warren Buffett

Money Strengths: You are thorough and careful, which helps to avoid falling for any get-rich-quick schemes. If there’s a stock you’re interested in, you’ve kept a watchful eye on the equity for countless days and have conducted all the research you possibly can conduct to minimize risk. You meticulously weigh the pros and cons before making any purchases.

Money Improvement Plan of Action: Your hesitance and precaution may be a downfall that leads to analysis paralysis. You may have missed a few once-in-a-lifetime shopping deals or stocks at an all-time low price because you were not 100% certain at the moment. While these regrets may haunt you, fret not as you can still adapt to be more decisive in the future. You always think you need more time to analyze the good and the bad. The truth is that there never is a truly “right time”. Don’t get caught up in the details; Carpe diem and chase your fiscal goals without delay!

 

How Do Personalities Differ at Work Infographic DISC Personality Spending Habits

From the above infographic, C-Suite employees have predominantly the same style personalities regardless of their country of origin. CEO’s and CFO’s in many different companies had D as their dominant personality style. Findings in the U.S. yielded similar results.

Albeit, D’s may be more geared to climb the corporate ladder, but every personality style has the capacity for excellent leadership. Moreover, every personality style lends itself to a different, but equally beneficial, leadership style.

COVID Effect on DISC Personality

The COVID-19 global pandemic is affecting every person differently. It can help to realize how you are handling the consequences.

For instance, an analytical C-style person may want to dive into the precise numbers and daily updated stats of the virus.

On the other hand, the I-style person may feel neglected and miserable from lack of social interaction with friends and loved ones.

Maybe the D-style person is demanding too much from his or her spouse and has too high of expectations of his or her kids to complete all of their schoolwork in a timely manner.

Finally, the S-style individual may have taken on a workload they can’t possibly handle, but will suffer in silence because they want to please everyone around them. 

Everyone has unique reactions to problems and issues they encounter day in and day out. It’s important to realize how we can help each other cope with the pandemic ramifications.

DISC Personality Interaction

As you would expect, the opposite personalities clash the most (i.e. D’s clash with S’s while I’s clash with C’s.)

Unsurprisingly, adjacent personalities get along more (D’s with I’s and C’s, I’s with S’s and D’s, S’s with I’s and C’s, C’s with S’s and D’s).

No matter how unique our parents or teachers tell us we are, each one of us can be categorized into four categories. At times, we may wander from one quadrant to the other depending on the situation or location (i.e. at work vs. at home), but our fundamental personalities are predominately anchored to one of the DISC letters.

Having the DISC personality information at your disposal allows you to effectively interact with different types of people as well as you possibly can. Once you can understand personalities, you can begin to depersonalize behaviors and realize a person is acting predictably based on the situation he or she is presented with.

As a result, one may decrease frustration, miscommunication, and error in judgement. This allows you to have more empathy and to improve relationships with friends, family, colleagues, and even strangers.

Where Does Your DISC Personality Fit In?

If you want to find out what DISC personality you have, feel free to take a free 5 minute DISC test right here (No email address or personal data required).

The test only consists of 28 groups of four statements.

For each group of four descriptions, you should have one most like you and only one least like you. Very simple and fun!

Which DISC Personality style are you? Let me know in the comments below.

December Side Income Report | 2020

December 2020 Side Income

Welcome to the 2020 December Side Income Report. Congrats, if you’re reading this, you’ve made it to the end of 2020!

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 70%+ of my annual income year after year, I’m approximately 25% of the way to retirement with 10 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 December 2020 Side Income Report.

 

DECEMBER 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 December.

 

 

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 may 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:

December 2020 Stock Dividends

Which stocks have I invested in? I have a few individual stock picks, but the finance community knows this is often 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.

December Side Income – Stock Dividends / Interest Total: $220.27

 

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.

December 2020 Side Income Survey Earnings

Pinecone Research December 2020 Side Income

Prolific December 2020 Side Income Cash Out

Prolific December 2020 Side Income Transfer

December Side Income – Surveys Total: $95.99

 

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, I was fortunate enough for a stranger to bite on 1 item of my personal inventory I was looking to discard. After fees and small shipping costs, I still walk away with a hefty profit:

eBay Side Income December 6 2020

eBay Side Income December 14 2020

eBay Side Income December 15 2020

eBay Side Income December 18 2020

December Side Income – Selling Total: $195.05

 

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.

December Side Income – Google AdSense Revenue: $0

 

I published my first eBook titled “How I Launched, Marketed, and Promoted a High-Traffic Blog in Under 15 Days” at the beginning of December . 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.

December Side Income – eBook Blog Startup Manual Sales: $0

 

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.

This month I was able to keep my spending down due to the ongoing Covid-19 pandemic that limits the amount of time spent outside the house, thus limiting the amount of opportunities to throw away those hard earned paychecks.

Capital One Credit Cash Reward Cash Back December Side Income 2020

After looking at my monthly expense report, I saw that I earned 3,270 miles, which is equivalent to $32.70.

December Side Income – Capital One Credit Card Cash-Back Rewards – $32.70

 

Well, that’s it for this month’s side income report! Hope you all had a safe and happy holiday season. Happy New Year! May 2021 bring you all good health and happiness.

In 2020, I was able to max out my Roth IRA and 401k – I highly recommend you do the same in 2021 if you have the option!

Although I continue to practice dollar cost averaging via my employer’s 401k, I will wait for some correction or downturn in the stock market before investing any more cash in my taxable brokerage account. Patience is a virtue!

Despite there being a global pandemic, the stock market performed better than average in 2020, thanks to global stimulus packages, a COVID vaccine, and some other promising factors that helped out the average investor’s portfolio. This is just even more confirmation that no one can predict how the stock market will perform, not even Wall Street.

Thank you for taking the time to read through my latest December 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 and this year! I am looking forward to earning more money on the side in the future. Stay hustlin’, my friends!

Total December Side Income: $544.01

 

2020 Monthly Average Side Income: $375.24

2020 Side Income Grand Total: $4,502.93

 

How were your holidays and how was your year of 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 Much Did I Spend on Amazon Shopping in 2020?

Amazon Shopping Report Card Grade

What a year 2020 has been! This year has been tough for everyone across the globe. Despite the hardship, there is plenty to be hopeful and grateful for. Today, I will be exploring how much I spent on Amazon Shopping in 2020.

Your holiday shopping may look entirely different this year due to the lockdowns and quarantine in order. Or your holiday shopping venue may be the same as every year. Either way, more people will be shopping online than ever.

In 2020, I am projected to save a whopping 73% of my income. This is no small feat and certainly took immense discipline. Albeit, the restrictions on in-person gatherings have ameliorated the expenses.

Nevertheless, I was able to indulge on myself and others via online shopping. For such a grueling year, your family, friends, loved ones, and even that micromanaging boss of yours all deserve a nice gift.

You can expect delays around the country as shipping companies will be overloaded with orders so I would recommend placing your holiday orders as soon as you can.

*Disclosure: At no extra cost to you, FLA will receive a referral commission if you use the Amazon affiliate links below to purchase an item. Thank you!

Let’s get to the list. What did I spend my money on this year?

AMAZON ONLINE SHOPPING 2020 REPORT CARD

January 2020

Product: NutriBullet NBR-0601 Nutrient ExtractorNutriBullet NBR-0601 Nutrient Extractor Amazon Shopping in 2020

Price: $50

Grade: A+++

The year started out with one of my favorite purchases. I know the highest grade in school is an A+, but I use the NutriBullet almost every single day. It holds plenty of volume for my daily smoothies and shakes, is super easy to clean, and has never failed to blend. I was thoroughly impressed with this one.

 

Product: Compact Travel UmbrellaSY COMPACT Travel Umbrella Windproof Automatic Umbrella Amazon Shopping in 2020

Price: $12

Grade: B+

I’m naturally a prepper. No, not one of those doomsday preppers. More of a realist ‘what-can-go-wrong-will-go-wrong’ type of prepper. I was in need of a new umbrella, so I bought a standard, modern model in preparation for the rainy months to come. No complaints here.

 

Product: Marino’s Men Genuine Leather Dress Belt with Single Prong Buckle Marino’s Men Genuine Leather Dress Belt with Single Prong Buckle Amazon Shopping in 2020

Price: $15

Grade: A

I wanted a nice belt with a professional look. This was perfect and is at a bargain of a price. The leather is great quality and will last me a long time.

 

Product: Crest 3D White Dental Whitening Kit, Professional Effects Whitestrips Crest 3D White Professional Effects Whitestrips 20 Treatments Amazon Shopping in 2020

Price: $49

Grade: A

I pride myself on my smile. As a result, I feel more confident and this, in turn, has a compound effect in my life. For transparency, I typically use Whitestrips annually. Talk to your dentist for his or her recommendation.

 

February 2020

Product: Toshiba 32LF221U19 32-inch 720p HD Smart LED TVToshiba 32LF221U21 32-inch Smart HD 720p TV - Fire TV Edition Amazon Shopping in 2020

Price: $130

Grade: A

TV’s can be hit or miss in regards to picture quality. The Toshiba TV is so clear. I also needed a Smart TV to connect to all of my streaming devices. I’ve officially cut cable! Terminating  your cable bills is a great way to save monthly!

 

Product: Mounting Dream Full Motion TV Wall Mounts TV BracketMounting Dream Full Motion TV Wall Mounts TV Bracket Amazon Shopping in 2020

Price: $22

Grade: A

This was the first time I’ve mounted a TV in my life. I was blown away how easy it was to install. It’s fun and rewarding to accomplish DIY projects.

 

Product: Spectrum Essentials Organic Ground FlaxseedSpectrum Essentials Organic Ground Flaxseed Amazon Shopping in 2020

Price: $8

Grade: A

Flaxseeds are a great source of protein, fiber and omega-3 fatty acids in addition to vitamins and minerals. I typically add a couple tablespoons of Flaxseed to oatmeal, smoothies, and other quick meals. They are great for your heart, cholesterol, blood pressure, skin, hair, eyes, and brain.

 

April 2020

Product: HP EliteDisplay E223 21.5-Inch Screen Led-Lit MonitorHP EliteDisplay E223 22 Inch Monitor Amazon Shopping in 2020

Price: $160

Grade: B+

Once the world started working remotely, I knew I couldn’t stare a small work computer laptop screen all day. This large additional monitor relieved the tension on my neck, eyes, and back.

 

Product: Posture Corrector For Men And Women

Price: $20Posture Corrector For Men And Women Amazon Shopping in 2020

Grade: C-

Piggybacking off the previous purchase, I wanted to ensure my posture would not degrade while working remotely. The product was an idealized way to fix any hunches I had developed. However, it just was not practical to wear this every day, and I quickly stopped using it. Price was relatively cheap so wasn’t a big investment, but I still liked the idea of it.

 

Product: Power Systems Urethane Coated Dumbbell Weight SetsPower Systems Urethane Coated Dumbbell Weight Sets Amazon Shopping in 2020

Price: $56

Grade: B-

I was looking for a standard pair of weights to help with at-home workouts. These weights do the job. You can expect all workout equipment to be overpriced since gyms are closing down everywhere.

 

Product: Shentec 2-Pack 3000mAh 6V Battery Compatible with PaslodeShentec 2-Pack 3000mAh 6V Battery Compatible with Paslode Amazon Shopping in 2020

Price: $27

Grade: B+

Needed batteries for a nail gun. These worked very well and had plenty of battery life.

 

Product: Smead Poly Expanding File Folder, 12 PocketsSmead Poly Expanding File Folder, 12 Pockets, 12 Customizable Tiered Tabs

Price: $13

Grade: B

The key to success is to keep yourself organized. This folder serves its purpose adequately.

 

May 2020

Product: PBfit All-Natural Organic Peanut Butter PowderPBfit All-Natural Organic Peanut Butter Powder Amazon Shopping in 2020

Price: $13

Grade: A

Peanut Butter typically is high in fat. This isn’t necessarily a bad thing if you’re looking to put on mass, but I really enjoy the taste of peanut butter. This PB powder allows you to indulge without the extra calories.

 

Product: The Intelligent Investor by Benjamin GrahamThe Intelligent Investor Amazon Shopping in 2020

Price: $14

Grade: A

I’ve heard so many good things about this book that I had to read it for myself. Warren Buffett touts it as the best investing book. After reading it, I’d have to agree. The sound investing technique of buying companies that can consistently post a profit every quarter will inevitably cause their stock price to gradually rise. The foundation of relentless innovation and a product or service in high demand has been proven over and over throughout the years.

 

Product: Happy 60th Birthday Toilet Paper Prank Funny Gag GiftHappy 60th Birthday Toilet Paper Prank Funny Gag Gift Amazon Shopping in 2020

Price: $13

Grade: D

This purchase was most irresponsible way to spend hard earned money in 2020. However, you can’t put a price tag on a practical joke. I’m sure this birthday gift got a laugh from a relative.

 

Product: 60th Birthday Gift Shirt – Vintage Aged to Perfection 196060th Birthday Gift Shirt - Vintage Aged to Perfection 1960

Price: $24

Grade: B

To compensate for the joke gag gift, I bought a nice t-shirt to celebrate the relative’s milestone birthday.

 

June 2020

Product: Stud Finder Sensor Wall ScannerStud Finder Sensor Wall Scanner - 4 in 1 Electronic Stud Sensor Beam Finders Wall Detector Center Finding with LCD Display

Price: $31

Grade: A+

My Dad has been using the same stud finder since I was born. I finally got him an upgrade. I was blown away when I saw this device is able to find the center of every stud behind the wall. It can be used for almost every type of wall you can think of too.

 

Product: Roku Express HD Streaming Media PlayerRoku Express HD Streaming Media Player Amazon Shopping in 2020

Price: $24

Grade: A

Roku’s stock has skyrocketed for a reason; they have a high demand. As I mentioned earlier, I cut cable this year. As a cord cutter, I wanted to enjoy streaming on any TV in the house.

 

Product: Pie-Cut Corner HingePie-Cut Corner Hinge Pair of Hinges

Price: $14

Grade: A

I needed a simple hinge to fix a door. This did the job.

 

July 2020

Product: Brita Everyday Pitcher with 1 FilterBrita Water Pitcher with 1 Filter Amazon Shopping in 2020

Price: $28

Grade: A+++

I can’t remember the last time I drank from a plastic water bottle. Using a Brita Pitcher and re-usable water bottles are such easy ways to help out the environment. I highly recommend every household get a Brita Pitcher.

 

Product: Kensun Durable Easy-to-Operate Dual Power Portable Tire Inflator Air CompressorKensun Durable Easy-to-Operate Dual Power Portable Tire Inflator Air Compressor

Price: $60

Grade: A

This air compressor is useful not only for car tires but also for sports balls and pool toys. It can conveniently be stored in your car trunk or garage. If you’re stuck on the highway, the compressor can plug in and get power from your car battery. It’s a very durable item.

 

August 2020

Product: RENPHO Body Fat Scale Smart Digital Bathroom Weight BMI ScaleRENPHO Body Fat Scale Smart BMI Scale Digital Bathroom Wireless Weight Scale, Body Composition Analyzer

Price: $22

Grade: A+++

I use this scale every single morning before I shower. It keeps me on track for my goals for weight loss or muscle gain. The scale connects with your phone via Bluetooth technology and will read out weight, body fat, water retention, muscle composition, etc. Lastly, it plots every metric imaginable on visually appealing graphs.

 

Product: Oral-B Pulsar 3d White Advanced Vivid Soft Toothbrush Twin PackOral-B Pulsar 3d White Advanced Vivid Soft Toothbrush Twin Pack

Price: $7

Grade: A

I was due for a new toothbrush. I really like these because they are very lightweight but also have the automatic electronic spin capability with the touch of a single button.

 

Product: Softsoap Liquid Hand SoapSoftsoap Liquid Hand Soap

Price: $15

Grade: A

As the Coronavirus got worse, the world was reminded how imperative handwashing was to our sanitary health. I stocked up on some hand soap.

 

Product: Hunter Dempsey Indoor Low Profile Ceiling Fan with LED Light and Remote ControlHunter Dempsey Indoor Low Profile Ceiling Fan with LED Light and Remote Control Amazon Shopping in 2020

Price: $143

Grade: B

This fan is one of the most popular models on Amazon for a reason – it looks modern and has a low profile. My only complaint was that the directions were not very clear. It took a long time to install even after reading the instruction over and over again. Seeing the final product made all the hard work worth it though.

 

September 2020

Product: Brita 35557 Replacement Filters for Pitchers and Dispensers, 6 CountBrita 35557 Replacement Water Filters, 6 Count

Price: $23

Grade: A

The Brita Filters need to be replaced every 2 months to ensure you are drinking clean water. I stocked up on filters for the year.

 

Product: Amazing Grass Green Superfood: Super Greens Powder with Spirulina, Chlorella, Digestive Enzymes & ProbioticsAmazing Grass Green Superfood Super Greens Powder with Spirulina, Chlorella, Digestive Enzymes and Probiotics

Price: $35

Grade: A

If you don’t eat enough leafy vegetables, this is a great supplement. Again, this powder can be added to smoothies and topped off on other meals. There isn’t any added artificial flavoring that offsets the health benefits. It was more expensive than expected, but 60 servings in a container will last you a long time.

 

Product: FlexiSpot OC3B Ergonomics Executive Office ChairFlexiSpot OC3B Ergonomic Executive Office Chair Amazon Shopping in 2020

Price: $144

Grade: A

Many working from home are looking for comfortable chairs to promote good posture. Ever since purchasing this chair, I feel like an executive when I sit down. Nonetheless, I recommend getting up, walking around, and stretching as much as you can to get the blood flowing.

 

Product: Achiou Neck Gaiter Face MaskAchiou Neck Gaiter Face Mask Scarf

Price: $8

Grade: A

Wearing a mask during a workout is often tough and sometimes restricts breathing. I’ve found this gaiter to be a nice alternative during my outdoor runs, especially on cold winter mornings.

 

Product: Lauzq Fleece Ear Warmers/Muffs Headband for Men & Women & KidsWinter Fleece Ear Warmers Muffs Headband for Men Women Kids

Price: $7

Grade: A+++

My ears are one of the first parts of my body to get cold in the winter months. This was one of the best purchases I made this year as my face actually feels warm during frigid weather. I really enjoy this fleece material; it is not restrictive and very comfortable.

 

October 2020

Product: Numi Organic Tea Gunpowder Green, 100 CountNumi Organic Tea Gunpowder Green

Price: $34

Grade: A

Green tea has endless amount of health benefits. From improved brain function to fat loss to protecting against cancer, you really can’t go wrong with green tea, unless you’re drinking more than 5 cups per day. Plus, green tea has some caffeine (approximately 30 mg to 50 mg) to wake you up on mornings you don’t want to be at work.

 

Product: Log Cabin Sugar Free SyrupLog Cabin Sugar Free Syrup