A followup on Question of the Day Marathon # 14 : Do you have any side income other than your paychecks?
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We all know why and how to make money. We need money to survive and support our other needs. We all know how to make money too. The question is whether we make enough money for what we want to own, have and buy.
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Today, the standard of life is the highest compare to last time. We have many technology products to help us, make our life easy. Due to the development of technology, more and more new mobile phone, gadgets, toys….. coming out to the market. Therefore, our demands are increasing, but our income; better not mention it before feeling so sad. On the economy side, we know that our money is being affected by the inflation rate. The value of our money is getting lower and lower due to the inflation, so our buying power is dropping. However, sometimes it is hard to find that our income is increasing as fast as the value losing rate of money. Of course other than this 2 factors, that are some other factors such as mismanagement of money that caused us always shout “Money is not enoughâ€Â.
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So what can we do?
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2 options :
- Try to figure out a plan how to manage your money and reduce your gratifications.
- Build another income source that brings you extra money every month.
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This is why I ask this question in JLP’s Question of the Day Marathon, “Do you have any side income?â€Â. I believe, around the personal finance blogsphere, there are a lot of people try to make extra money with their own idea or action. I asked this question because I want to start a post where they can share their experience here.
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Without wasting your time, here is the results:
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Little Statistic:
- Until today, there are 32 people respond to my question. (Thanks J)
- There are 27 people having extra money, wow, not bad!
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In what way they make extra money:
- Blog
Steve - His wife makes pretty good money from her blog
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- Write something
Penny Nickel - Writing Fiction
Kimber - Write Novel
claire - novels and freelance articles
Russell Heimlich - write for DVGuru.com
Michael - occasionally articles and financial newsletter
Debt Free - Freelance writing articles for Magazine
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- Investment
Spencer Hill - 22 Rental unit!!
sf mom - Rental Property that brings $200 cash positive
Foobarista - side income from a partnership in funds short-term commercial loans, and a couple other loan-related things
finance girl - investment and rental house
J.D. @ Get Rich Slowly - various income from web site, a small computer consulting business
Brilliances.com - shares, rental properties
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- Business
Amanda - Selling vintage clothing
Penny Nickel - Selling Designed Cookies
Steve - Selling his own DVD/CD and Books
prlinkbiz - PR/Blog/website for customer, Flipping Real Estate Contract, Sold Car
Millionaire Artist - selling ebook which market online
Melsky - selling painting on the side
Michael - Web Site income
NCN - Web site
Debt Free - Web site
mbhunter - partnership in a few businesses
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- Ebay
Russell Heimlich - selling old stuff there
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- Amazon
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- Craiglist
sf mom sell/trade/give away things daily
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- Survey
Penny Nickel (Pinecone Survey)
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- Others
FMF - Speaking
udandi - Freelance web designer
sf mom - ushers shows at a local concert venue that pays about $25-30 per show / doing market research and focus group
Steve - Teaching Personal Finance Classes
Financial Freak - Freelance Tech writing and Web Desig
finance girl - Birthday Money from grandma
mapgirl - side job on Sunday for fun and hobb, occasionally a baby-sit for her friends
moom - reviews of books for publisher or examine PhD thesis
claire - second part time job, survey, focus group
Millionaire Artist - freelance design work
7thseer - creating software
King of Debt - freelance on the side that boss don’t know!!
NCN - Yard Sales, speaking engagement
Debt Free - consulting
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I would like to say congratulation to all that have side income. Anyway the reason I compile this list is I wish it can give you a brief idea how people making money from different category.
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