{ "media_type": "text", "post_content": "What are some of your side hustles that you’re doing or did to get some cash aside from your main job? Something with low risk is preferable but I’m open to hear some risky options. I’m trying to get some money to pay off some debt quickly. Me and my wife make about $200k/year and wanna make sure we become debt free ASAP.", "post_id": "610836a42d8855002f999000", "reply_count": 287, "vote_count": 80, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter", "feed_type": "bowl" }
null

What are some of your side hustles that you’re doing or did to get some cash aside from your main job? Something with low risk is preferable but I’m open to hear some risky options. I’m trying to get some money to pay off some debt quickly. Me and my wife make about $200k/year and wanna make sure we become debt free ASAP.

like
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

Not for everyone, but I pickup freelance design gigs for small businesses, non profits, startups etc. Not always as consistent but some months make an extra $3-5k. Sometimes it’s for really basic stuff like newsletter layouts.

At first you have to hustle a little to find stuff but nowadays all of my work is word of mouth.

We also occasionally Airbnb out our basement - purposely bought a house with a separate entrance for that purpose.

like

It’s not always quick but sites like behance, working not working, thumbtack and fiverr can help you get off the ground. Sometimes they take large % your money but I use it for the introduction and then move off those platforms.

I find people to be very loyal when it comes to design - when they find someone they like they will use you for many different projects over time. They will often pass your name to their friends and eventually you won’t have to look much anymore - they’ll come to you.

like

I also serve on boards, advise a few startups, do limited GLG consults (mostly paid surveys which have a surprisingly nice ROI given how fast they are to take), and serve as an on demand paid expert for a VC group.

Boards can pay OK (I think I made around $12k last year but fairly limited time commitment,) startups usually just work for a small equity stake that will most likely be worthless but might not be, GLG ends up being a few hundred a month for like 30 minutes of work, and maybe $9-10k/year for VC advising.

Nothing amazing that will significantly change my net worth but I also gain some professional expertise and networking opportunities through most of them so it's like getting paid to make myself more marketable.

like

Getting a few grey hairs helps :)

My university has an alumni incubator that I volunteered for as an advisor. That got me into startups and the experience that attracted the VC firm and boards, and once you're in the startup ecosystem it's kind of self-perpetuating, but it may take a little time to get to that point where you're just helping out companies for free. Which, to be honest, is rewarding and fun in and of itself.

You can just sign up for GLG, they'll solicit you with opportunities as they come in and match your profile. Surveys are the way to go - GLG takes an enormous cut of client fees so even though I list my hourly rate there at what should be competitive, I rarely get picked for interviews because GLG takes my rate and basically quadruples it out to clients, so I'm not surprised they don't bite. Not worth doing at below market rates though in my opinion.

like
Recent IconRecent

I'm going to pin this because I like reading the ideas people come up with but would also like to point out that you have a big shovel (hhi) so I would caution against taking too much risk. An investment in yourself (and eventual promotions/raises) may have a much higher ROI than a side hustle. Pay down your high interest debt, invest, and track your spending to ensure it is reasonable and you'll be just fine.

likehelpfulsmartfunny

Raises/promotions are really at company/manager’s mercy - as we grow more senior, it may be more challenging to change jobs.

like

I sell weekly covered calls

like

PWC 5 1 - You can do covered calls on LEAPS (buy call options). They are called poor man’s CCs. I don’t like covered calls because the stock can pop at any given day.

like

Bank account bonuses - pull in $5-10K a year just moving money around

likesmarthelpful

D10, most large banks don't require you to go in person to open a personal account. Some big banks require you to visit in person for business accounts.

Some smaller banks and credit unions will require an in person appointment to open an account.

I opened an e-commerce store. It’s essentially risk free, super easy to do, I love it, building residual income. And like Warren Buffet says, “if you don’t find a way to make money while you sleep, you will work until you die.” My goal is to be debt free in the next two years and financially independent in 5 with my e-commerce business.

like

Great goals, but what are your numbers? Anyone can start, but making money and sales is the hard part.

Please share your details on monthly sales/revenue.

I make $700+ per week off crypto interest (Blockfi, Crypto.com, Celsius, etc.). Also I work two remote jobs, throughout the day. One hourly, another salary.

like

Those are personal choices that one should research

I finance and fund my little brother’s concrete business with my AMEX and do a bit of the backend office work at the end of each month. It nets about $75k a year from his net profit and roughly 2m AMEX points a year. All of his concrete is purchased on an authorized user gold card.

like

On average he charges $150-200k per month in concrete.

1. Started a YouTube Channel (which is now monetized - very recent)
2. Sell covered calls
3. QLYD Dividends

likesmartfunny

9pm cm

OF

likefunny

Link ?

like

I pet sit! I enjoy it so it doesn’t feel like work and pays really well in my area. will be making close to 1k for one week of house sitting.

like

Hey D5, do you use an app so where do you find the gigs?

I have an Etsy shop. Also College advising to HS students.
I don’t do this, but many coworkers do, selling old stuff and clothes on poshmark.

like

I also sell on poshmark/eBay. I sell some of my closet, and flip higher end clothing from consignment stores. It’s not a ton of money and it’s not quick (things sit for 3-6 months) but like VP1 said, you learn a lot and could scale and optimize if you ever wanted/needed.

Not great for short term quick cash but easy to build on the side and can be fun

Etsy, and rental property. Want to eventually leave pwc and start a trucking business

like

What kind of trucking business

like

Bought 2 cars for Turo.
Net 600 a month. This is month 6.

like

Turo gives hosts a few options. For 60% cut from total fee(you keep 60%), you get no deductible. For 70% cut, a $200~ deductible. For 80%, a fat deductible. Commercial hosts with fleets typically have their own insurance, in which case the cut you get to keep is close to 90% or something

My favorite passive income right now is 8.88% on stablecoin on Celsius. Get paid every Monday and it’s more safe than staking crypto although I’m looking into that next. Airbnb properties is my next goal in terms of side hustles. Referral right now is paying out $50 in Bitcoin too.

likehelpful

Sports cards!!

like

Tons- just search sports cards on Facebook and join any group with more than 10k people

I serve on boards.

like

Share your secrets! How do we find a board? What type of experience are they looking for board members?

like

Trim weed ✂️
Dogsit 🐶

like

Creating NFTs! See below
https://opensea.io/solairee

Post Photo
likehelpful

I haven’t released all of my NFTs yet to the public. I’m still trying to figure out the price to sell it at. Right now it’s just on display. Any suggestions on pricing is welcomed :)

I trade stocks / options.

People pay me to give them my trades.

Lending my crypto to Gemini for APR

Credit card churning

I’m doing pretty decent 😄

Post Photo
like

Share one or two trades here.. if we make it.. I’ll get you some clients.

Related Posts

What was your age and location when you crossed 100k and 150k base salary respectively.

like

Hello Fishes,

I have my HR round this week with Capgemini. How much can I quote and what role can I expect?

Yoe: 9 years
Current CTC: 18.65 LPA
Skills: Cloud and Data science

TIA

like

Hi everyone

I was working in a company for last 7 months and Last month I resigned because of bad working culture and it was very stressful to stay there.
I am searching for jobs and I clear interview most of the time , but whenever they ask for why are you leaving your current company so soon and I say because of bad working culture next company just end everything and Dont release offer..
What am I supposed to say if I am not allow to say the truth?
Please help..

like

Hi everyone,

Position: Senior Software Engineer
YOE: 5.2 years
Current CTC: 10.7 LPA
Tech stack: .NET and AZURE

Optum : 20 LPA + 1LPA PF + 3 LPA VP
Total CTC 24 LPA + 1 LPA JB
Cornerstone OnDemand : 25 LPA + 1.5 LPA PF + 2.5 LPA VP
Total CTC 29 LPA + 1 LPA JB
Please help me to choose organization with culture, benefits and work life balance.

Thank you.

like

So I got to the next round at a top tier hedge fund in an execution role and their asking me what times are available for an interview. Is the expectation that I do this during normal market hours? Is it not kosher to schedule after 5pm? I’d like to avoid missing large chunks of time in the middle of the day if possible.

like

Hey all, need a piece of advice .I have an offer from Deloitte USI and HCL Technologies ERS.
Compensation difference between both is 10% .
Being from SAP background ,which one will be best to choose considering on-site opportunities, work life balance,pay hikes, projects .
Also , what is the standard CTC for a senior consultant in Deloitte USI.

like

Currently part of Deloitte US firm in India 2 YoE + MBA and 4 YoE in Industry pre-MBA. Moving soon to Canada. Can anyone comment if it's possible to get into MBB in Canada? Any one willing to put referral?

like

Deloitte India or KPMG global?
Same technology. Compensation discussion pending.

like

Singapore hiring foreigners again yet?

like

On higher end of salary for location with no scope of career advancement in current firm. Is it ok to grab a new offer at same level with no increment but opportunities to grow in coming years?

like

I am actively looking for a referral in telecom domain. Please let me know if there is any vacancy.

Thanks in advance! 😄

like

Need referral for business analyst role.
Having 11+ years experience in business analyst in cards/switch/banking domain in TCS.

like

How to build transferable skills as a Sales Engineer to pivot to a industry role?

like

Company just did a re-org of my dept. New role will likely triple my workload and am now on a book that has negative growth. I’m 8 months in. Can I even ask about renegotiating my salary? Cont.

like

Anyone heard of OM1? What’s their market trajectory looking like compared to other Health Tech start ups?

Hey Fishes,

How much is the relocation benefits at
Goldman Sachs, Bangalore for Analyst position?

Goldman Sachs

like

Does anyone have experience networking to earn a place on Congressional committee staff following a couple years in health care policy consulting or a similar path? Would love to connect and learn more about your story, any recommendations you have as I approach a similar timeline.

like

Additional Posts

Which is best Consulting firm ?

like

You know you've become a crazy consult when you open a deck you finished hours ago just to admire your mad ppt skills.

like

How do you spend bday while on road?

like

What would you guess is the correlation between causation and correlation? 🧐

likefunny

Are my ideas too crazy?

like

Anyone found a strapless bra that works for 32E or F boobs? Going braless is not an option. I haven’t worn a strapless bra in more than 15 years

like

Tips on how to prep for GMAT while on this job?

like

Do agencies outside of pharma have Art Supervisor roles? Or does it go Sr AD > ACD. I just got promoted to Art Sup & honestly don’t know if so should update my Linkedin since i’m working...

I have a dilemma: I recently started a new firm (~6 months) and I hate the work and most of my team, so I’m looking to leave. However, my career counselor is so invested in me and it’s so rare to find

like

Anyone want to send over a Spireworks app invite for NYC? It’s so cool

like

Just spilled water all over the MacBook Pro 🥺 screen went black and in process of drying it out....is it done😅

likefunny

Do you guys think headspace has a guided meditation for “you worked all weekend on a pitch and got all the slides and comps done a bit early, leaving just enough time for the new biz person to get creative with the formatting at the last moment”? I could use it right about now.

like

How common are personality clashes with your manager? In terms of social popularity and being surrounded by people, I notice my manager disliking the fact that people side with me over him in work and non work related conversations. What’s the fix?

likesmart

NYC best city in the US...#loveUES

like

What's the deal with this Deloitte reorg? Is there an article? Got hired as a specialist master in DD, waiting for a start date, just trying to figure out what it means to me.

like

Fall is here!!!!

Post Photo
likeuplifting

Working on a national new product launch- that was my idea- but received an offer to move out and up. Do I take the title and money or hang back and make this campaign? What will help my career most?

like

What's the best way to learn more about all of the SaaS technologies? I've only worked with one.

like

Any advice for sky ranch meritage home collection in south Austin? How is the neighborhood and taxes anything to watch out for?

Help needed to evaluate if IPOE is a good buy here or wait for a pull back. Current market cap of IPOE = 1.6b they are merging with SoFI and the valuation is 8.5b. After the merge what would be the total market cap?

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

For account settings, visit Fishbowl on Desktop Browser or

General

Legal