February Income Report/Update

Every month I will be documenting my income from all of my side hustles. As I am just starting out some (more like all) of these amounts will be very little or even nothing. In full future me style though I’m going to include things that I may not even be doing yet because I know that in the future these things will be bringing in an income.

Rideshare Income $313.13 Miles Driven 503.8 Time 23 hours

So there was a huge cut in the fairs for Lyft (a 30% cut) so to make money I have to drive that much more. February was a busy month for me but I did still get out some. I found a regular in the month of February that has kept me driving everyday which is feeling more and more like a job which is something I was trying to avoid when it comes to this particular side hustle. Nonetheless it’s making me some extra money (the tune of $120 a month or $24 a hour).

I did go into greater detail about how I use my time driving to my benefit and if you haven’t checked it out please do there are some great tips in there if you are interested in starting driving for some side income.

In the coming months I’m planning on spending more time on driving in order to get some more capital for debt repayment or for my Amazon FBA business (see below) which takes money to make money and the easiest way for me to make more money is to drive more.

If you are interested in driving for Lyft click here , or if you want to start using Lyft as a passenger click here.

Real Estate Income $0.00

I am not a real estate agent but I’m 100% certain that before this year is done I will sell my first house. If you have any advice on this please let me know, I’m currently in the stages of deciding what school to go to (an online course) and am trying to save up the money to pay for everything in cash. I’m thinking by end of this month I will have the money saved up to pay for the course (most cost $200 to $300 from what I can tell). I will of course keep you all updated on this as time goes on.

Blog Income $0.00

I have placed a FEW affiliate links on the site and have had a few clicks on them but as of yet haven’t received any income. The site is more of a “my story” type thing but if it could at the very least pay for itself than I would be happy. I will be spending April getting the site to where I want it to be, with more pages, more articles, and a schedule that I will stick too in order to get content out regularly.

Freelance Income $0.00

One of my main goal for this site is to start freelance writing, after taking a course by Melanie over at Dear Debt I have started to make some changes on my approach. I have emailed several people who I look up to that make a living freelance writing to get advice and what I have got back from them has been amazing.

I still haven’t been given a job, but I’m in hopes that it will happen sooner rather than later.

If you have any suggestions or maybe a freelance opportunity that you have please let me know by contacting me at tjphilbrook@gmail.com.

Amazon FBA Income $6.43

Pat Flynn has seriously changed my life. His book has given me some awesome tips and a road to go down in order to build more types of income to reach the future me that much faster.

One of the episodes on his podcast really struck home with me (click here to listen to it). This couple were able to quit there jobs because of the income they get from selling things on amazon. So I took the tips they gave and started doing it on my own. As you can see I only made a few dollars in February but everything counts, and this is like a snowball that rolls and grows itself, I’m really looking forward to seeing how this particular side income grows over time.

Misc. Income $111.50

This is a bit complicated to explain and I promise to eventually but as of right now I can’t go into detail. I did however feel I needed to include this amount of income in if I was going to be open and honest with everything I bring in.

Wrap Up

My ultimate goal is to get all of these side incomes to match or surpass what is required to surpass mine and my wife’s current 9 to 5 income so the wrap up will show how close I got.

Monthly Income Needed: $3,000
Side Income Total: $ 431.06
Difference: $2,568.94

My income covered 14.4% of the needed amount. I could look at this number and be discouraged, but truth be told for everything I did in February I’m feeling pretty good.

There are more important things than paying down debt, and the same is true of getting out of your 9 to 5 job. I’m moving forward, I may make less or more next month and the month after but as long as I’m putting as much effort into things as I possibly can than I feel good about getting these numbers up to show everyone.

How was your month? Did you make as much as you had anticipated? What are you going to do differently this month to make sure you become the “future me”? Commit to it now by telling us in the comments bellow.

Links in this article may contain affiliate links where I will receive a commission from at no additional cost to you.

Image courtesy of Stuart Miles at FreeDigitalPhotos.net

*Part of Financially Savvy Saturdays on brokeGIRLrich, Disease Called Debt and From Cost to Coast*

14 thoughts on “February Income Report/Update”

    1. I love dividend investing, Jason Fieber was HUGE inspiration and reason for starting this blog. Until I’m out of debt though it’s something I feel I really shouldn’t be getting too involved with. I do however have a program at work that purchases me a share of Walgreens stock every month with a 10% discount that does give me some dividend income. I will be putting it on March’s income report and hopefully in the years to come I’ll be able to have a lot more than just a few dollars. Thanks for stopping by

  1. Great job! You have to start somewhere – I think my first income report I made like $40 or something. But it’s amazing how it will start to build up with all the various income resources. Good luck!

    1. Yea it’s like a snowball, at first it’s only a few dollars than it starts to become more and more and faster and faster. Amazon for instance was only $6 in February, will be I believe $18 in March and I can already see that April will be around $80. Not much in income but more than doubling it every month is a big deal for me.

  2. I loved reading about your income streams and what you’re doing to work towards them. Thanks for the link to the Pat Flynn podcast, I will check that out. In terms of freelance writing, I just wanted to let you know about a post I wrote a while back where you can boost your income through Upwork (formerly Odesk) by offering freelancing services. I made over $2000 this month, by doing work on this site. This is my post on how to get started – hope you find it useful: http://diseasecalleddebt.com/boost-your-income-with-odesk/

    Also, I may be looking for a freelance writer myself for my blog from time to time. Could you let me know your fee? (Drop me an email if you don’t want to disclose it on here!).

    Thanks

    Hayley

    1. I will check out the post thanks for that. I will be sending you an email shortly thanks for letting me know you look for people I really appreciate it.

    1. Not sure what you mean RAnn, but speaking about Amazon FBA as of right now my average is doubling my money every time I buy something and resell it (after fees) so I’m doing pretty good. The numbers are a little behind so you won’t really see the good numbers till the April report.

    1. Thank you for the confidence Mel. February was a decent month not my best but I’m confident that I can continue to grow this income and reach my goals. In fact having the blog has been huge because I know that if my numbers go to far down I still have to post them and well it would be embarrassing.

  3. Congrats! You’re well in your way to ditching the 9 to 5. I have the same goal as you but I haven’t made much income from my blog yet. I look forward to reading more about your journey. I’m still in the stage of finding the right affiliate program for my brand.

    1. I have set up for affiliates for those who start driving for lyft but haven’t had any yet. I don’t really like having google adwords on sites so I’m kind of holding off that.

  4. Tyler – Great post. Love the details about your side income. I just started posting my online income ($21.95 in Feb – $28.95 in March). That is only the ‘passive’ income from my books. I just started including affiliate links as well so a handful of clicks but no commissions yet. My offline income will be much more substantial since I am under contract for a personal finance textbook with a major publisher – but it has taken me about 20 hours per week since last August… and I am not that close to actually having the final concept ready to go yet… at least I will get another small advance soon.

Leave a Reply

Your email address will not be published. Required fields are marked *