March 2015 Side Hustle Income Update

January and February both felt like they dragged on. March? Blew by me in a blink. I can already tell by the way things are gearing up that I am in for a crazy, busy spring. I can't wait! Still, despite everything else I had going on (leaving my full time job, planning Awkward Money Chat Season 2) I managed to keep my head down and make a decent amount of “side hustle” income last month.

My Income

I have multiple income sources of income, currently: a full time job, rental income from my house, my writing services business (Beehive Content, get it?), and income generated from activities on this blog, (Click here to read how to start a blog of your own…) and from time-to-time 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.

Anyway, without further ado, here is the exact amount of $$ I made from side hustles in March 2015.

 

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

In March 2015 I made 3,750.00 in “extra” income

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: 2950.00
  • Blog Income (Advertising and Affiliate Income): 200.00
  • Tenant Rent: 600.00
  • “Other” Income: 0

Here's my favorite pie chart that describes how my income breaks out. Percentage-wise they're holding steady, even though I made about $1000 more in Freelance income in March than months prior.

 

Screen Shot 2015-04-02 at 10.05.53 AM

 

Now, after taxes and other business expenses ($606.72 in March), I'll take home $3143.28. Some of my expenses include:

  • Paying my VA and kick-ass Graphic Designer
  • Business related technologies (Hootsuite, Paypal Fees, Elance etc.)
  • Membership dues for a new networking group
  • Taxes
  • And paying my accountant for 2014 Tax Preparation

If you're looking to start your own side hustle, keep in mind that you will have some expenses, especially the more money you bring in.

Here's How My Side Hustle Income Has Grown Over Time

January 2015 – $3216.51 in Side Hustle Income

February 2015 – $3443.50 in Side Hustle Income

March 2015 – $3750.00 in Side Hustle Income

Given my exciting February news (Spoiler Alert – I'm leaving my job to work for myself full time!), I'm not sure how this “side hustle” report will look next month since my side hustle is about to become my full time income stream, and I don't want clients, etc. knowing how much I take home each month, but we'll see. I'm very excited and nervous about the transition.Β 

Oh, and because of my side hustle success the past few months, I was able to make the final payment on my credit cards today, meaning I officially completed the goal I set for myself of paying off all my credit card debt in the first quarter of 2015!

 

 

Screen Shot 2015-04-02 at 10.11.55 AM

I am on such a financial-empowerment high–I feel like I could kick ass at just about anything right now. Not having the credit card debt monkey on my back is going to make the transition into working for myself much easier financially as well!

Previous Story
Next Story
  • Latasha
    April 13, 2016 at 3:10 pm

    Wow!! Super awesome & Inspiring! Thanks for sharing! πŸ™‚

  • Martin
    April 9, 2015 at 2:27 pm

    Congrats! Freedom is an amazing feeling.

  • Sally @ TinyApartmentDesign
    April 9, 2015 at 12:14 pm

    The money tree is blooming πŸ™‚ Nice work.

  • Dia
    April 8, 2015 at 11:33 pm

    Congrats! That is such a huge accomplishment! Thanks for sharing.

  • Kendal
    April 8, 2015 at 2:01 pm

    This is awesome, Lauren! Well done!! What a great way to kickoff your new chapter.

  • Alexa Shoen
    April 6, 2015 at 3:49 pm

    So fabulous — and congrats on transitioning onto the self-employment train. I’m thinking of hiring a VA myself. Where did you find yours?

    • Lauren Bee
      April 7, 2015 at 9:16 am

      I put out a post on my LBMT facebook page and she responded. If you’d like a recommendation, send me an email!

  • Stefanie @ brokeandbeau
    April 3, 2015 at 12:26 pm

    Woohoo, so much to celebrate here. Congrats!

    • Lauren Bee
      April 7, 2015 at 9:15 am

      Thank you doll!

  • MichelleColoradoLuvHub
    April 2, 2015 at 9:13 pm

    Love this!

  • Sara OSS
    April 2, 2015 at 5:39 pm

    Congrats on the credit card! March was quite a boring month for us (but no complaints here). i am actually looking into an old-school side hustle at the moment. I think I’d like to pick up a second job for the warmer months. Call me crazy, but I actually miss working in retail, and if I could find a place with an evening need I would sign up in a heartbeat!

    • Lauren Bee
      April 7, 2015 at 9:15 am

      I used to work at the Wet Seal in college, and not lying..I loved it!

  • Lindsey@ Sense & Sensibility
    April 2, 2015 at 1:49 pm

    This is really inspiring to see – nicely done! I have had some luck diversifying my own income and find it’s been great for my peace of mind. One of my goals for this year is to start building a larger clientele for freelance work and seeing if there are new ways to monetize my blog. I love seeing your figures because it feels more possible to make that happen for myself. Thanks for sharing!

    • Lauren Bee
      April 7, 2015 at 9:15 am

      No problem! And I am a HUGE fan of diversifiying income…now that I’m freelancing fulltime (soon) I need to find another “side gig” and ways to diversify my own income.

  • Tre
    April 2, 2015 at 1:04 pm

    First of all, congrats on reaching your goal to payoff your credit cards! It looks like your side income – soon to be self-employment income – is growing nicely.

    • Lauren Bee
      April 7, 2015 at 9:14 am

      I have an aggressive ramp up plan, but since things change so much I just try to consciously earn a little bit more each month.

    1 Shares
    Pin
    Share
    Tweet