This Side Hustle Earns Me $3,188 per Hour

Gen Y Finance Guy Side Hustle 13 Comments

One of my hobbies is to find new revenue streams that take minimal effort (and minimal time). In late 2017, The Wealthy Accountant (TWA) published a post on how he was earning $1,000/hour selling tradelines – that piqued my interest. I had no idea what a tradeline was before reading that article. But I quickly learned that a tradeline was just a fancy word for a line of credit. Lines of credit comes in all sorts of shapes and sizes but TWA was writing about one type in particular: credit cards. It sounded too easy. Too good to be true. I was skeptical but kept an open mind. After all, this was coming from TWA, who is worth $12M+ (according to …

Like a Boss

FIRE Starter: How Creating a Side Project Can Boost Your Marketability and Income

Zach Side Hustle 4 Comments

Zach spent his first three posts providing us with nine actionable tips for savings, investing, and growing wealth in your 20s (part I, part II, and part III). The information in that series could change the rest of your life if you follow it. Today Zach is sharing the benefit of side projects and how they can help you develop skillsets that you can eventually monetize. To me, a side project is synonymous with a side hustle – in my opinion, something everyone should have. Not every side hustle will be commercially successful but that doesn’t make it a failure. I’ve personally had lots of side hustles that have paid off indirectly years later when I could tap those skills I …

Side Hustle to Main Hustle

[Guest Post] Turn Your Side Hustle Into Your Main Hustle

Gen Y Finance Guy Side Hustle 15 Comments

Hey!  I’m Claudia Pennington, a digital marketing consultant and personal finance blogger over at TwoCupHouse.com where I’ve been writing about the journey to debt freedom and financial independence. Our personal finance journey began in early 2015 when we were living paycheck to paycheck.  We had some money saved in our respective retirement accounts, but we struggled to keep money in our savings and checking accounts.  Every dollar we made, we spent (and then some).  We had a credit card balance, a mortgage, and student loans. We tried for years to get ahead of our money, but nothing stuck.  We’d attempt to get out of debt, but then summer would roll around and we’d use credit cards to fund home improvement. …

Churning the Chase Reserve for $15,305 per Hour

Gen Y Finance Guy Side Hustle 21 Comments

Last year, I shared a post that laid out the history of my credit card rewards.  I’m talking about signing up for a new credit card just for the free money. Back in June, I shared about signing up for the Chase Sapphire Preferred card, and at the time it was offering a 45,000 point bonus (with the first year annual fee of $95 waived). In order to get the 45,000 points, I had to spend $4,000 on the card in the first three months as a new cardholder (this accounted for 40,000 of the bonus points). Then if I added an authorized user I would get an additional 5,000 bonus points (no cost to add an authorized user). The cash …

Credit Card Hacking

New Side Hustle – Credit Card Hacking – Free Money

Gen Y Finance Guy Income Streams, Side Hustle 27 Comments

Interest Rate Arbitrage Back in the day when interest paid in online savings accounts was much higher than ZERO percent, I thought I was a credit card hacker. I remember a time when I was able to earn 5.5% through my HSBC online savings account. I was in college at the time and was receiving plenty of credit card offers with an introductory 0% for 12-15 months. One day it clicked that I could act like a bank and borrow at one rate and lend it at a higher rate. This was a true arbitrage opportunity. ar·bi·trage. definition: noun. 1. the simultaneous buying and selling of securities, currency, or commodities in different markets or in derivative forms in order to take advantage of differing …

Anatomy of a Side Hustle: How I made $18,000 at an effective rate of $100/hour

Gen Y Finance Guy Featured, Income Streams, Side Hustle 42 Comments

Your 9 to 5 will make you a living, but your 5 to 9 will make you alive. -Nick Loper, Side Hustle Nation A side hustle is anything you do outside of your main hustle (your JOB) to earn money. I personally think that everyone should have a side hustle, even if only for the tax benefits. The extra income is really nice, too. Everyone has their own reason for starting a side hustle, but here are a few reasons why you might want to consider starting one: To Earn More Money To Pay Off Debt To Learn New Skills To Work On Something You’re Passionate About To Quit Your Day Job (Eventually) To Diversify Your Income Streams For the Tax …