January 2015 Side Hustle Income Report

Over the moon! Over the moon, I am! The results are finally in and I am tickled pink about how I did in January.

My Income

I have multiple income sources of income: a full time job, rental income from my house, my writing services side hustle , and income generated from activities on this blog, and occasionally random income from work-related bonuses, good fortune, or Ebay.

I've written before about diversifying my income, and (personally) I like not having all of my eggs in one basket. Plus, as you'll see later on in the post, side hustling is a great way to pick up extra money to pay down debt faster.

Anyway, without further ado, here is the exact amount of $$ I made from side hustles in January.

In January 2015 I made 3,216.51 in “extra” income outside my 9-5

Holy mambo Batman. This number is so, so incredible to me because it encapsulates an entire thirty days of focus and hard work. It's even more astounding that just a year ago that was more money than I made in a month at my full-time job. Just goes to show you that ANYONE can grow their income.

Here's how my numbers break down. Please keep in mind these numbers are BEFORE taxes and other business related expenses.

  • Freelance Income: 1721.51
  • Blog Income (Advertising and Affiliate Income): 555.00
  • Tenant Rent: 600.00
  • “Other” Income: My brother bought my old car and I did a little freelance voice over work for a friend, ($340)

Here's a pie chart of my total side hustle income pie. NOTE: Day Job income not included here, nor will it ever be. People KNOW me, they read my blog. I don't want them to know my salary + company conflict of interest, sorry.

Screen Shot 2015-01-31 at 3.31.11 PM

Debt Payoff Update

At the beginning of the year I came clean about my struggle with credit card debt and committed to paying it off by the end of Q1 2015. To do this, I calculated that I need to pay off $1200 every two weeks, or $2400 a month. If I was able to save $400 from each paycheck for debt ($800 each month) I only needed to come up with an additional $1600 in side hustle money to hit my goal.

After taxes and business expenses, I was able to put $2750 of my side income to my debt this month. I also contributed $400(ish) extra from my paychecks, and also pulled $300 from savings.

Total paid toward debt in January 2015? $3451.89

Normally I wouldn't have dipped into savings, but I pulled the extra money so I could pay off the final balance on the last of my three cards that are currently accruing interest. As you can see by my tracker in the sidebar, I still have $3876.04 left to pay on my debt, but this is all on a 0% interest card that I have until May 1st to pay off.

Total percentage of debt paid off in January? 48%

Holy shit.

I swear that I'm not pretending to be amazed, I just actually can't believe I did it. I didn't even really think about the money I was earning, just that I knew I had a goal in mind. Β So, I kept my head down and kept moving. It wasn't until I sat down to tally up the numbers this AM and pay off the balance on my Chase card that I saw how far I'd come in just 30 short days.Β 

A Few Final Notes

I'm not gonna lie, it was a ton of work. But the feeling of getting things paid off is even better. Saying you're going to do something difficult and sticking to it also makes you feel a bit like a bad ass.

With all this being said, I would have been able to contribute even more to my debt in January, but I had about $1345 dollars of home repairs (garage/junk clean up and rat infestation in the attic…. awesome) to take care of.

Most of the repairs were cashflow-ed by the money I saved doing a No Spend Challenge.

I was nowhere close to staying on track with my $100 of spending money each month. But I did manage to cut my discretionary spending by two-thirds, which is incredible progress for me. Cutting back did help me stay on track with my goals.

Here's how I ramped up my side hustle.

Here's how I kept myself motivated.Β 

Still, I'm excited for what February has to bring. I've already got $1700 in projected revenue for the month and it's not even February 1st yet (as I write this for publication on Monday.) It's very exciting to see the focus and hard work you put into something being returned. There isn't anything better!

Start earning like a boss A.S.A.P. Click here to enroll in Financial Best Life’s FREE course, Side Hustle Success

Ready for my next side hustle income report? See how I was able to make money online by blogging, and how you can too!

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  • Quiana Milam
    February 18, 2015 at 8:24 am

    You have been such a huge motivation for me to start my own money diversification. I have questions about acquiring advertisements for my blog. If you have written post(s) about this subject, please let me know.

    Again, great job!

  • Michelle
    February 7, 2015 at 7:22 pm

    You’re killing it! Fantastic job Lauren. You’ll have that debt paid off in no time.

  • Lena
    February 5, 2015 at 5:47 pm

    Nice work!! I’ve added your brand new income report to my Blogging Income Reports Pinterest board. πŸ™‚

  • femmefrugality
    February 4, 2015 at 8:40 pm

    That’s awesome! We did pretty well with debt payoff last month…because of January I think February may be the month we kiss it good bye. Way to kick off 2015 on the right foot, Lauren!

    • Lauren Bee
      February 5, 2015 at 3:39 pm

      You’re so close. Can’t wait to hear how it turns out. πŸ™‚

  • Kendal
    February 4, 2015 at 4:56 pm

    You’re rocking it! Such an incredible feat, Lauren. Kudos!!

    • Lauren Bee
      February 5, 2015 at 3:39 pm

      Thanks Kendal!

  • Jason Butler
    February 3, 2015 at 9:45 pm

    I made a goal to make over $200 in side income for the month. I achieved that goal, but seeing that you made over $3000 might have me shooting for a higher amount.

    • Lauren Bee
      February 5, 2015 at 3:39 pm

      Why not $1000?

  • K escapes
    February 2, 2015 at 10:26 pm

    This is inspiring! Although I am not paying off debt, I have set some super aggressive savings goals for myself in 2015. I got almost 15% of the way toward my total savings goal only 1 month into the year. Nothing like the new year to keep you laser focused πŸ™‚

    • Lauren Bee
      February 3, 2015 at 3:26 pm

      That is awesome! Let’s both try to continue that motivation into month two.

  • Shannon
    February 2, 2015 at 6:17 pm

    Woohoo!!! Congrats lady!!! So proud of the working you are putting in to kick this debt to the curb!

    • Lauren Bee
      February 3, 2015 at 3:26 pm

      Thanks Shannon. Can’t wait to share on Money and Martinis!

  • Janine
    February 2, 2015 at 3:40 pm

    Wow! You did awesome in terms of earning extra income.

    • Lauren Bee
      February 3, 2015 at 3:26 pm

      Thanks Janine!

  • Carrie Smith
    February 2, 2015 at 11:39 am

    This is SO awesome, Lauren! I’ve been considering sharing my exact blogging income numbers and how I’ll be paying off my debt, so this is inspiring me EVEN MORE to come clean with everything. Thanks for your honesty and realness!

    • Lauren Bee
      February 2, 2015 at 11:57 am

      We’ll see if it backfires on me, but so far I’ve only received positive vibes and thoughts. Thanks for sharing, and even more thank yous for cheering me along. πŸ™‚

  • Olivia
    February 2, 2015 at 9:55 am

    That’s fantastic Lauren! Doesn’t it feel SO good to pay off huge chunks of debt?! I recently received my bi-yearly bonus AND a huge recruiting bonus from my company and was able to pay off all of my credit card debt, the rest of my car payment, and about 1/3 of my student loans all at once this past month. The feeling was nothing short of incredible.

    • Lauren Bee
      February 2, 2015 at 11:57 am

      I am sending you a huge online HIGH FIVE. Love hearing stories about other strong women paying down their debt. You’re rocking it!

  • C@thesingledollar
    February 2, 2015 at 8:43 am

    That’s wonderful! I can’t imagine making that much in a month on the side, but you make it sound so possible…. I’m so pleased you were able to kill off the interest-bearing card. You’re taking names!

    • Lauren Bee
      February 2, 2015 at 11:57 am

      Thanks C! If I can do it, seriously, anyone can.

  • Ricky Willis
    February 2, 2015 at 8:23 am

    This is fantastic! Well done with your paying off debt efforts. I also have debt which I’m currently trying to pay off as fast as I can. Similar to you I have multiple streams of income and although I find it hard to juggle everything, it’s a great feeling at the end of the month when a big chuck of it is paid off!

    • Lauren Bee
      February 2, 2015 at 8:30 am

      Thanks Ricky! I agree, paying it off in big chunks does make you feel like a rock star!

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