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.
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
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.
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.
Now, after taxes and other business expenses ($606.72 in March), I'll take home $3143.28. Some of my business 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
- 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
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!
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!
Lauren Bowling is the creator of Financial Best Life. Writing about money since 2012 (formerly as L Bee and the Money Tree), Bowling is an award-winning blogger and money and real estate expert whose advice has been featured on CNBC, Forbes, CNNMoney, Elite Daily, Business Insider, Redbook, and Woman’s Day Magazine and more. After selling the site to a division of The Motley Fool in 2019, Bowling is now back as the owner and primary voice behind FBL and is excited to continue educating elder millennials everywhere about how to afford their best life.