I have been thinking about side hustles. If I can generate an extra $500 to $1,000 a month for the next 12-18 months, I will make sizable dent in my debt very quickly. Here are my ideas:
- Baby-sitting: I was reading a memoir by Alyssa Mastromonaco “Who Thought This Was a Good Idea”. Great book, by the way. She was the Deputy Chief of Staff for Pres. Obama. Anyway, she had a quick section about her experiences with her personal finance and she baby-sat in her early years in DC. A bell went off in my head when I read that. When I move, I’ll be in a large building in an urban setting so lots of potential customers for both baby-sitting and pet-sitting. I could get paid to watch Netflix. OK, OK, as a parent of two I know it’s more work than sitting on the couch, but hey, no overhead, no commute, cash plus I’ll meet neighbors. It’s worth investigating when I get settled this Fall. The going rates for baby & pet-sitting are between $15-$20/hour so I could hit my side hustle goals easily once I get rolling.
- Content writing: I did a lot of writing in my old profession plus I write here plus I still write some at the new job. Why not take that damn journalism degree I have and put it to use with some content writing as a side hustle? My old coach is interested as well as some former colleagues. I met a graphic designer at my new job who does graphic design on the side as her hustle and she could help with that side of things if needed. We had lunch and discussed this. Very viable. More to come on that.
I am reading the book, Meet the Frugalwoods. Fascinating read about two Millennials who are frugal to the extreme. She let her husband cut her hair for goodness sake. I have limits and that is definitely crossing one of mine. Anyway, she talked about bartering as part of her frugality. She did it with her ultra-expensive yoga classes. That got my mind spinning along those lines. Very interesting. More to come….
Do any of you have side hustles? What are they, if you don’t mind sharing? How much to do you earn monthly or annually? Any insight is always appreciated!