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.

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.

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

Price: $14

Grade: A

I’m a big fan of pancakes, waffles, and every other great breakfast meal. Normal syrup has a lot of carbohydrates and sugars that will induce insulin spikes. I can drown my breakfast in this sugar free syrup without feeling any guilt whatsoever.

 

Product: Optimum Nutrition Gold Standard 100% Whey Protein PowderOptimum Nutrition Gold Standard 100% Whey Protein Powder

Price: $59

Grade: A

If your diet is lacking in protein from natural sources like chicken, fish, meat, Greek yogurt, cottage cheese, and eggs, then Whey Protein Powder may help supplement with Branched-chain amino acid (BCAA’s) to assist with building strong and lean muscle.

 

December 2020

Product: Wireless Earbuds Bluetooth 5.0, GPED True Wireless Earbuds Headphones with Charging CaseWireless Earbuds Bluetooth 5.0, GPED True Wireless Earbuds Headphones with Charging Case Amazon Shopping in 2020

Price: $16

Grade: A+++

Why overpay for Airpods when you can get the same wireless headphones for a fraction of the price? This was one of my favorite purchases. I can’t tell you how many times I’ve had earphones ripped from my ear because the wire gets caught on a desk, door, or chair. These wireless earphones connect to your phone, and you can listen and talk on the go.

 

Online Amazon Shopping Wrapped Up in 2020

All in all, the total I spent on 34 Amazon individual purchases was a mammoth $1,306.78!

Amazon no longer provides easy-to-use order report so you either need to:

  1. Manually add up your purchases from your order archive history

Or

Amazon Request Order Report Instructions

  1. Request a report from a designated time range. Amazon will email you confirmation and you’ll have access to a spreadsheet, where you’ll be able to add up the total.

Thankfully, my monthly side hustles have essentially covered all of these purchases, AND I still have plenty of cash left over to invest. If your annual Amazon spending is more than you anticipated, do not fret or beat yourself up over it. Just work towards bringing that number down lower the next year!

One of the beautiful things about starting a blog is that you now have the public to keep you accountable.

Last but not least, reviewing this list will also make you stop and think:

  • Were these purchases worth it?
  • Did these products bring me happiness?
  • Were the items worth the labor and time at my job? Were they worth the delay towards ideal retirement?

These questions are now somewhat quantifiable now that you have a running total of expenses.

Some of the few mediocre grades may make us cringe and regret. On the other hand, a list of A’s & B’s should take you back to the time in elementary school when your parents would praise you for an outstanding report card.

You decide for yourself: do you deserve an ice cream sundae for your 2020 Amazon report card?

Let me know how your 2020 spending compares to previous years in the comments below.

November Side Income Report | 2020

November 2020 Side Income

Welcome to the 2020 November 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 November 2020 Side Income Report.

 

NOVEMBER 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 November.

 

 

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:

November 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.

November Side Income – Stock Dividends / Interest Total: $79.24

 

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 rewards 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, non-profits 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.

November 2020 Survey Earnings

 

Pinecone Research November 2020 Checkout 2 Pinecone Research November 2020 Checkout

Prolific November 2020 Cash Out

Prolific November 2020 Cash Out USD

YouGov Cashout November 2020

November Side Income – Surveys Total: $209.48

 

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:

November 2020 Seller Earnings

eBay November 8 2020

November Side Income – Selling Total: $33.28

 

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.

November 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 November. 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.

November 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 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 November 2020

After looking at my monthly expense report, I saw that I earned 4,913 miles, which is equivalent to $49.13.

November Side Income – Capital One Credit Card Cash-Back Rewards – $49.13

 

Well, that’s it for this month’s side income report! Hope you all had a safe and happy Thanksgiving. I’m grateful for my family, friends, health, and everyone reading these words. What are you grateful for? Let me know in the comments below.

I’m also grateful for the gains seen from the stock market, which is nearing an all time high. 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!

Thank you for taking the time to read through my latest November 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 my affiliate products, you could simply do your regular Amazon shopping through any of the links on this site that lead to Amazon.com. You won’t pay any extra and FLA will receive a small commission. Thanks so much if you do so!

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

Total November Side Income: $371.13

 

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.

October Side Income Report | 2020

October Side Income

Welcome to the 2020 October 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 20% 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 third ever side income report.

 

OCTOBER 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 October.

 

 

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:

October 2020 Stock Dividends

So as you see, there were no dividends paid out in the month of October. This is mainly because the companies I’m invested in did not report their quarterly earnings this month. Only about 50 public companies pay dividends monthly out of some 3,000 that pay dividends on a regular basis. The monthly dividends often stem from commercial or residential real estate (i.e. Real estate investment trusts otherwise known as REITs), since those businesses run on monthly payments.

Even though the dividends side income fell short, there were plenty of other assets to compensate. That’s the beauty of diversification!

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.

October Side Income – Stock Dividends / Interest Total: $0.06

 

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.

October 2020 Survey Earnings

Pinecone Research September 2020 Checkout

Prolific October 2020 Cash Out

Prolific October 2020 Cash Out USD

This month I also tried to add some survey sites to my roster. I experimented with Syno Media Panel and PureProfile for the month of October. The result? Extremely disappointing results…

Syno Media Panel October 2020

PureProfile October 2020

Considering I didn’t even reach the cash out minimum for either websites, these survey programs will not be added to this month’s total. As you can see, I earned $5 from Syno and a measly $1.90 from PureProfile. The lack of surveys and low payouts do not justify the effort whatsoever. Lesson learned!

October Side Income – Surveys Total: $104.66

 

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 couple of strangers to bite on 2 items of my personal inventory I was looking to discard. After fees and small shipping costs, I still walk away with a hefty profit:

October 2020 Seller Earnings

eBay October 7 2020 Sale eBay October 20 2020 Sale

October Side Income – Selling Total: $81.50

 

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.

October 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 October. 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.

October 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 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 October 2020

 

After looking at my monthly expense report, I saw that I earned 3,034 miles, which is equivalent to $30.34.

In addition, I was able to use Capital One’s Purchase Eraser function to use my reward miles to earn a free $213 flight!

Capital One Credit Card Purchase Eraser October 2020

Capital One Credit Cash Reward Redeem October 2020

October Side Income – Capital One Credit Card Cash-Back Rewards – $30.34

 

Well, that’s it for this month’s side income report! Hope you all had a safe and happy Halloween. Tomorrow, November 3rd, is Election Day. There is plenty of uncertainty, which will affect the markets in the near future. Don’t let the Wall Street buzz and noise influence you to sell out of panic. Instead, use it as a stock buying opportunity to purchase equities at a sale price.

Thank you for taking the time to read through my latest October 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 my 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 I will receive a small commission. Thanks so much if you do so!

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

Total October Side Income: $216.56

 

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.

September Side Income Report | 2020

September 2020 Side Income FLA

Welcome to the 2020 September Side Income Report.

Let’s start this post with the obligatory caveat:

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

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

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

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

After aggressively saving 70%+ of my annual income year after year, I’m approximately 20% 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 second ever side income report.

 

SEPTEMBER