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 SIDE INCOME REPORT

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

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

 

 

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

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

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

Investors and analysts 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:

Investment Income September 2020

Which stocks am 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 ‘yes’ button when prompted with the question on whether or not to re-invest dividends.

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

September Side Income – Stock Dividends Total: $186.21

 

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

The 3 survey programs I use daily are:

  1. Prolific
  2. Pinecone Research
  3. YouGov

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

Prolific

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

Pinecone Research

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

YouGov

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

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

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

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

September 2020 Survey Earnings

Pinecone Research September 2020 Checkout

Prolific September 2020 Cash Out

Prolific September 2020 Cash Out USD

September Side Income – Surveys Total: $89.08

 

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 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 for September Side Income, I did not have any buyers interested in the inventory, but I’m not upset. The eBay account may not generate a consistent profit, but when items do sell, it’s a nice bonus!

September 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.

September 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 August. I only promoted the book as part of the launch, but several people found their way to the sales page. Again, this is a learning process to convert the views into actual sales. As Robert Kiyosaki alludes to in his book Rich Dad, Poor Dad, it’s all about being a best-selling author, not a best-writing author. There is a subtle yet significant difference.

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

 

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 Rewards Cash Back September 2020

After looking at my monthly expense report, I saw that I earned 3,126 miles, which is equivalent to $31.26.

September Side Income – Capital One Credit Card Cash-Back Rewards: $31.26

 

Thank you for taking the time to read through my latest September Side 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 September Side Income: $306.55

 

Editorial Note – Opinions expressed here are 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 To Start A Blog In 8 Easy Steps

How To Start A Blog

So you’ve discovered why you want to start a blog. But what about now? How does one start a blog?

The good news is that you are on the right path. The first step in the process is making the decision to move forward with your intent.

Some of the top bloggers have turned their passions into full time blogs that support their hopes and dreams. Why can’t that be you? What’s stopping you? Lack of information?

Well, this guide will break everything down into simple, easy steps to help you start your blogging career.

Disclosure: Please note that some of the links below are affiliate links and at no additional cost to you, FLA will earn a commission. When you purchase hosting using the Bluehost or SiteGround affiliate links, they compensate Fresh Life Advice, which helps make this comprehensive guide free of charge to you. Know that I only recommend products and services I’ve personally used and stand behind.

Let us start with the basics:

What Is A Blog?

Some of us may not know what a blog even is. Well, guess what? You’re reading a blog right now! The word blog is actually short for the term weblog.

A blog is known to represent digitized information, an online magazine, a diary, a portfolio of art, a teaching platform, and really anything that you can imagine.

The most popular modern blogs use not only text, but also a combination of images, GIFs, videos, journals, and other references. This conglomeration is ideal to convey the message, information, or propaganda the author is attempting to present.

Blogs are often interactive, where readers can comment on posts in real-time. This is facet alone is a massive advantage over outdated televised news outlets and physical newspapers and magazines.

Now, we are aware of what elements make blogs so popular and successful. But how do we build our own? Here are 8 easy steps for you to follow and start a blog:

1. Choose Your Niche

Before you come up with a website name, it’s smart to target a specific niche you would like pursue. The Internet is a vast place. Choosing a niche will allow the people who are searching for your content find you with relative ease. If you have a general blog with no direction, your work will most likely end up in the graveyard of unfinished blogs after you’ve seen the lack of traffic to your site.

I recommend focusing on 1-2 niches on your blog, but no more. If you write about too many topics, then your SEO potential will be limited.

The search engine Google typically likes to establish themes around your blog. From that point of establishment, then you will be able to rank for a myriad of subcategories around that theme (i.e. personal finance).

If you want your blog to be about all areas of your life, that’s awesome; however, to be blunt, your posts likely won’t rank as highly as a blog focused on 1-2 topics.

The following list includes some of the top profitable niche categories, some that even encompass billion dollar industry opportunities:

  1. Fitness / Diet / Weight Loss
  2. Sports
  3. Dating / Relationships
  4. Pets
  5. Self-Improvement
  6. Wealth / Investing / Personal Finance
  7. Make Money Online / Passive Income
  8. Beauty / Anti-Aging / Makeup
  9. Gadgets / Technology
  10. Gaming
  11. Prepping (i.e. Meal Prepping to Doomsday Prepping)

If you are looking into selling your own niche products whether via e-commerce or whatever it may be, then here are some inventive ideas to sell online:

  1. Handcrafted Beaded Necklaces.
  2. Home-made Frozen Yogurt.
  3. Leather iPad Cases.
  4. Bluetooth Wireless Speakers.
  5. Baby Clothes.
  6. Mason Jar Pour Caps.
  7. Fidget Spinners.
  8. Organic Beard Oil.
  9. Bow Ties.
  10. Wood Apparel.

Reviewing the previous list, you’ll notice a pattern that these odd items grouped together are profitable because there is little competition. Therefore, if you enter the market, you will have a greater chance of succeeding. Never forget to do your thorough market research before diving into your chosen niche.

Action Item:  Jot down a list on a piece of paper, on the computer, or on your phone of your 5 passions, 5 problems and 5 fears. Once you have a list of 15 items, pick your 5 favorite ones. From this point, enter these 5 key terms into a keyword research tool and look for related keywords that branch from your selected original term that you can utilize to build a site fully function website.

2. Choose a Blog / Domain Name

Ultimately, the name of your blog is everything. It’s your brand. People have such short attention spans these days that you need to IMMEDIATELY hook them in with your name.

Many choose to use their domain name as their full name (i.e. www.FirstNameLastName.com), especially if they are the only person running the blog.

However, if you would like to remain anonymous, use a company name or brand instead. In that case, the possibilities are endless.

Try to keep your domain name to fewer than 4 words or 20 characters. Anything too long may make it difficult for your audience to remember. Think about the most iconic companies, such as Apple, Nike, etc. They are short, concise, and easy to recall.

Keeping a short, punchy name will lead to higher direct traffic as users will be able to directly type your business name into their browser HTML bars.

More importantly, experts highly recommend securing the .com domain since it has the largest global ranking potential. Even if the price is higher, you will see a higher return on your purchase.

Action Item:  Jot down a list on paper or on your phone of your 10 different possible domain names. Be sure to use an online thesaurus to aid with the process. This is still preliminary since you’ll need to check with the next step for finalization.

3. Check the Name Availability

You may have gone through the mentally taxing brainstorming process. However, all of that work may be for not if someone else has thought of the idea before you.

Action Item:  Use the free tool below to see if someone else has already come up with your concept.

If you want to start your own blog, feel free to start with hosting your very own site!

4. Buy and Reserve the Domain

After you’ve ensured that no one has stolen your ingenious name, it’s time to put the petal to the metal. Go ahead and purchase that domain name to ensure you are the sole owner of the website domain.

SiteGround Domain Purchase
How to Start Blog Domain

Bluehost Domain Purchase
Start Building

Action Item:  Lock that dream business name in stone by purchasing an available domain.

5. Choose Your Hosting

One of the first mistakes I made was proceeding with a free blog. I did not want to spend money as it was common sense that saving money rather than spending money would result in a profit. However, it took experience to learn that it wasn’t so much foolishly spending money as it was rather investing in the business. Some of the most profitable blogs on the Internet spend millions of dollar in advertisements and other marketing techniques. But for new bloggers, the best advice I can give you is to not skimp on hosting. You want your site to be fully functional without the servers crashing.

Using Bluehost or SiteGround will help you get an edge up on your competition as they offer:

  • Customer Service Support – to answer any of your questions. Trust me, making a blog is not easy. You will have questions and they will not rest until they solve it.
  • Fast and Responsive Loading Times –if your site goes down, you may lose valuable traffic opportunities. A fully functional site will also decrease your bounce rate, ensuring readers stay on your site for long periods of time.
  • Unlimited Advertising Opportunities – you are free to monetize your site with this hosting option. This is how you will make your money in the long run. Don’t skimp out on hosting.

Bluehost Hosting Plans
Bluehost Pricing

SiteGround Hosting Plans
SiteGround Hosting Plans

 

Action Item:  To be clear, buying domains and buying hosting are totally separate and different transactions. However, Bluehost and SiteGround  are the hosting companies that make it really easy for you by combining both steps into one. Go ahead get your site running smoothly with hosting!

6. Design your Website Theme

Moreover, before you jump into writing your blog posts, you should take time to lay out your ideal website theme. You may not be a trained web graphic designer with front end software engineering experience, but I can promise you WordPress has made this a cinch.

Bluehost WordPress Theme

WordPress is the most popular platform for content management. It is an application programming interface that allows you to stay organized.

Notable WordPress Users

As you can imagine, WordPress is used by some of the top Fortune 500 companies, most popular news stations, music record labels, and celebrity influencers. In fact, WordPress is used by

WordPress.com is actually free while you have to pay for WordPress.org. Make sure you are aware of the differences between signing up.

WordPress .com vs .org

WordPress Bluehost Recommendation
Wordpress.org Recommends Bluehost

Action Item:  Familiar yourself with WordPress, themes, plugins, tools, and settings. Once you watch a few tutorials, you should be ready to select the theme that most appeals to the look and feel of your website design.

7. Write A Blog Post

This is one of the least technical aspects of the process. College English majors and professional writers dream of this step. Put the pen to paper or fingers to the keyboard. In order for a website to thrive, you simply need content. There is no circumnavigating this step. Writers block is often the toughest obstacle in this case.

“Writer’s block is a phony, made up, BS excuse for not doing your work.”

-Jerry Seinfeld

According to a Backlinko study, the average word count of a Google Top 10 Result is 1,447 words. Does this mean you need to write a 1,447 exact word count post every day? No, of course not.

You can still succeed with plenty of posts under 1,000 words, but it is generally suggested to write at least one post per month of at least 1,500 words. This will convey experience, authority, and quality when user traffic searches for their inquiries.

The best thing you can do is begin to write. No one writes a perfect draft because it’s called a draft for a reason. Continue to proofread and edit until you are finally satisfied to press the ‘Post’ button for the first time.

Action Item:  Remember, there are never perfect conditions to start. Just begin, take action, and the momentum will run in your favor. Write that first blog post!

8. Promote Your Blog

You may have written the best blog post ever, but there is a possibility no one will read it.

Build an audience before you launch. Once you’ve got that audience, promoting your blog via social media becomes significantly easier to manage.

The biggest hurdle in social media, at least in my experience, is the initial push. Taking your blog from a no-show to a small success is difficult, but scaling that small success into a much larger traffic source isn’t as difficult as many social media marketers make it out to be.

The age old belief that building an audience after you launch your product is, simply put, entirely wrong.

From Bloomberg writers to one of the world’s most well-known marketers, the majority of successful business people will tell you that building your product after identifying its ideal market is the way to go. For bloggers, despite lacking a product per se, the rule still stands fairly true.

Building an audience before launching your blog allows you to quickly and easily make changes to it based on their reaction. It’s the same line of thinking that’s behind successful product advertising campaigns and focus groups – gaining data as quickly as possible. Treat your blog as an experiment in its early days and you’ll quickly discover what works, what doesn’t, and what’s worth doing right.

 

Not all of the following launch techniques are appropriate for every blog, and not all of them have the potential to build you a sizable audience before your launch. However, they all can help you build a promotional asset before your blog launches, which can come in very handy for initial promotion and word of mouth marketing.

‘Coming soon’ opt-in pages

Do you already have a following on Twitter, Facebook, Instagram, or another leading social media site? Use it to create pre-launch opt-in subscribers to your blog.

Before launching a blog on any topic, you need to make use of the biggest social media outlets to build a base level of subscribers. While these subscribers aren’t enough to spread word of your blog far and wide, they’re very helpful for launching smoothly.

Provided you have a reasonably large audience and a trust level that’s fairly high with them, you’ll have very little trouble converting followers into subscribers.

I should clarify this, since given the marketing antics that are often pulled on Twitter it’s important to weed out the potential for misinterpretation. If you have a Twitter account that’s loaded up with spam messages, endless self-promotion, and mindless marketing, you’re going to have difficulties converting your followers into opt-in subscribers or blog readers.

There’s a trust that needs to be maintained over social media, and every time you send out a link that’s forwarded to an affiliate offer or a mindless sales page, you lose some of that.

This runs somewhat against the ‘quantity is everything’ Twitter credo that many marketers believe in, but it’s essential to maintain authority if you plan to build a high-traffic blog.

Short-term tricks just don’t work in the blogging world, and an account that’s loaded with direct marketing tactics is likely to cause more damage to your blog before it launches than it could possibly cause in benefits.

Your core audience

Here’s an interesting phenomenon that I, and I’m sure most other marketers have noticed: regardless of where you’re publishing or what you’re writing about, a small (although not always) few will find it and market it for you.

Even if it’s an insignificant batch of ten to twenty people, almost every blog or guest post writer is going to find themselves attracting some kind of audience over time.

In the case of bigger bloggers, this audience eventually grows to the point where it acts as a buoy for their other content.

An interview or guest post on an unrelated site attracts comments that will turn attention in another direction, often towards your main blog or website. When combined with your new blog’s launch, this can eventually prove to be quite a valuable promotional asset.

Just like marketers are familiar with the landing page – a pre-sales page that convinces consumers of a product’s value – bloggers need to be familiar with their core audience, as they effectively do the same thing for their blog, albeit in an organic manner.

Avoiding ‘pushy’ emails

Effective mailing lists, particularly lists that have been generated over several years, are incredibly valuable for marketing a new blog, product, or service. While I didn’t have a large mailing list that could be used for the Fresh Life Advice launch, I can understand how valuable they are from past mail and subscription-based projects I’ve been involved in.

There’s one golden rule for sending email, particularly email that has a non-sale goal attached to it: don’t be pushy.

Andrew Warner, the founder of Mixergy and several other high-value websites, put things fairly well in his interview. When he founded his business in the late 1990s, receiving email was a monumental occasion for one of his subscribers.

Today, it’s something most of us don’t want to see, particularly in a niche as crowded with messages and technology as web design. While pushy email marketing can work in some fields, those with an urgent need for solutions especially, it’s not the best way to market a blog to tech-savvy readers and high-value customers.

Be persuasive when email marketing, but never be needlessly pushy.

Offer an incentive to join

Incentivizing your blog is a fairly risky move. On one hand, it’s incredibly effective at grabbing the attention of potential readers and contributors, yet on the other it can become quite a costly process, both in the amount of time required for a good promotion and the cost of running one.

If you’re completely new to the blogging world and lack any form of audience, running a promotion or competition is a fairly good way to generate subscribers and long-term readers.

The standard ‘buy a product for opt-in’ readers is fairly overblown and dull. Instead, it’s worth offering a service that’s related to your blog’s content, or providing some sort of professional value for your readers.

Instead of the standard prize, try to come up with something unique to your audience as an incentive to join your community or subscribe to your blog.

Action Item:  Create the social media pages for your website, build an email list, and start interacting with other bloggers and users via responses to comments, emails, and other forms of social media. Set aside an hour per day as this is arguably one of the most important steps of launching a successful blog.

Final Thoughts on How To Start A Blog:

It isn’t hard to launch your blog, but it is quite hard to avoid making simple mistakes and minor errors.

More than anything, consistency and regular posting builds authenticity. There’s an endless amount of empty marketing on the internet, particularly on thin blogs purporting to be impartial. When you have a huge archive of content behind you, it becomes significantly less likely for people to think of your blog as a marketing shill, ultra-commercial sales resource, or inauthentic scam.

Simply put, with a large content archive behind you and a reputation that’s stemmed from it, you’re insulated from the risk of being labeled a sell-out. I think that blogs are a fantastic tool for sales and marketing, but new blogs rarely are. It takes a certain amount of authenticity and reliability to sell to regular readers – much more so than it takes to sell to a search-based website visitor.

All in all, running a high-traffic blog has confirmed the immense value that I thought they could provide to both bloggers, readers, and advertisers. There’s really no excuse not to have your own blog, whether as an outlet or a commercial asset. If you’re on the fence about starting a journal or information blog, don’t fret – get out there, get writing, and start your own blog today.

 

Today, more than ever, there seems to be endless advice and information, but there is only one place that will provide you with Fresh Life Advice. Welcome.

 

Thank You!

I would like to thank you for reading, existing, and supporting Fresh Life Advice. This would not be possible without you.

Please also share this guide with any of the people in your circle who may benefit from it. My goal is to help as many people as possible on their financial journey.

Just think. If millions of others can successfully launch blogs, then so can you! Go out there and take action!

Are you thinking of starting your own blog? Grab FLA’s COMPLETE Step-By-Step Guide To Starting a Successful Blog and take complete control of your finances today!

August Side Income Report | 2020

Here, we are. Welcome to the 2020 August Side Income Report.

Let’s start this post with the obligatory caveat:

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

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

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

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

After aggressively saving 50%+ 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 first ever side income report.

 

AUGUST SIDE INCOME REPORT

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

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

 

 

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

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 which stocks paid out dividends this month:

AAPL – $58.38

ABBV – $20.45

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? Enjoy the magic of compounding interest by increasing your principal investment.

August Side Income – Stock Dividends Total: $78.83

 

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.