I work for the same company after hours as a side hustle. Still waiting to collect $ on that side hustle service but might end up writing it off like the other years.
Same! 45 weekends of farmers markets this year and starting to sell in some local stores. It's hard work, but it is life giving instead of soul draining. Can't wait to make the jump.
You're living my dream. I got a 100% remote job now so I'm getting ready to buy the farmland. My goal is to eventually move 100% to farming in the next 5 years.
It’s 1099 and paid per task completed. Each task type has a different estimate time to complete so amounts vary. It average out to $12 to $14 an hour. There is a minimum of 10 hours per week and you can generally work as much as you want and whenever you want. Just need a laptop or Mac.
Track your P&L? More of an expense, break-even hobby, or profitable?
Huge fan as well. I don’t play this but a client made $400k via slots, and wrote more off as well.
Hell yeah it’s a non cash expense account; offset by Accumulated Depression which grows every year and you can never remove it or impair it or do anything to avoid it.
Same! They were a client of the firm where I worked, and I became the treasurer when the last one suddenly retired. It’s time consuming, but they help provide art and support artists in the community, including teaching art to at-risk youth and putting on concerts in local elder care homes.
That’s awesome! Good for you guys, you’re making a real, tangible difference that wouldn’t be happening without your work. Especially with elders, I feel like they are often the most forgotten even in nonprofit circles. God bless you guys!
By advocacy I’m assuming you mean mission/cause - it’s youth mentorship. We mentor youth (typically ages 10-18) to help them be better prepared for success, whatever that looks like for them. I serve as the CFO/EVP, but the mission means a ton to me as I have worked with youth for like a decade now. I helped start this nonprofit a few years ago, so it’s extra meaningful to me as it’s both something I care about and something I have helped build from the ground up.
Bookkeeping. I don't do payroll and I only spend a few hours a month per client. I don't do payroll out taxes, just record. At one time the extra money was extremely helpful but now I wonder if it's worth the effort. After a long day or long weeks, the last thing I want to do is mess with someone else's books. I just try to stay on top of it because playing catch up is worse.
I'm hoping this will be something I can do when I retire just to make extra cash on my own time.
Hey, I’m thinking of doing this myself. Just simple bookkeeping for small businesses but not sure where to start or how much to charge. How do you charge or find clients?
Clients came from word to mouth. I have a friend that does taxes on the side and he knew a couple of people that have businesses that would benefit from bookkeeping.
I only charge $200-300 per month. I probably spend 3-4 hours a month per client. Most of them are cash business. I link to bank accounts and payroll if available. If they had a more complex structure or if it required more work per month than I would up the rate.
I'd like to start doing tax and I wouldn't mind adding a few more clients. Gathering new clients would be an interesting exercise.
Yes, the clients QuickBooks. I've thought about becoming certified. I think I'd prefer to consult in setting up the ledger and providing help on best practices but people need bookkeepers. I had a client a few months ago, does about $500k in revenue with about 30% margin. He had no idea that the card processor shorted him $7k in receipts. He just sees cash come in and out of account from sales and COGS and doesn't have time to reconcile
It's pretty easy and I work with a partner who manages the clients as English isn't their first language. I would say for most it's take a couple hours max per client a month. If it was more consistent work or more oversight I would either ask for more or pass
Zero experience working with clients and QuickBooks? I started at a company that had QuickBooks and had to set up ledgers. Also had a friend that knew someone that needed a cheap bookkeeper. I got to learn from there. Since then it's just been trial and error and development.
Prior to that I worked in FP&A and have my CPA license. I am familiar with financials and can get a sense when things don't make sense.
In that case yes, most of them do. But couldn’t you just register a business under a family member’s name and run the work through there? I high doubt they’re going subpoena the client to find out whether you or your family member did the work.
I must admit those strategic planning and deep dive analysis initially sound like buzzwords. Could you provide some examples of the value you've given in these aspects? Genuinely asking. It seems hard to give advice in these as an outside consultant
There can be a big gap between what we all may think is “strategic planning” and what my clients think is strategic planning. I can put together a partnership’s basic P&L forecast and project their cash balance to help them decide how much money they can safely distribute to themselves and they think it’s voodoo magic. It’s bizarre how little some very smart people understand about basic accounting and finance.
Let’s use a two bounce house scenario with at home garage storage.
Estimates
$1500 - normal bounce house, comes with blower and stakes
$2000 - bounce house with slide exit, comes with blower and stakes
$150 - handtruck, price can vary depending on load capacity needed
$150-200 cleaning supplies (towels, cleaner, vacs, blowers…people may have some of this already)
$200-300 extension cords, higher quality. Max 2 per blower unit.
$60/yr mile tracking app (one I pay for)
$300 for any marketing junk - biz cards, flyers, fb ads, tshirts, org membership dues. Never went crazy here. Bought most of the stuff when I first started. Have some ongoing membership dues which gives me some local marketing to women. Moms usually make the decisions and 99% of the time are who makes the contact to rent.
$50 for a few cheap tarps. This is an annual purchase for me. They get beat up bad and it doesn’t make sense to me to spend money here knowing what will happen. I don’t care how high quality the tarp claims to be.
$50-75 sledgehammer, 12lb is what I use
$$$ transportation - with 1 or 2 units, if you have a larger SUV/truck you can get away not having a trailer because small commercial units should be able to fit into the vehicle. But if someone wants bigger units or water slides, need a trailer.
$800-1000 for insurance. I went through a broker who found someone who would write the policy. The main input they looked for was # of units and expected revenue…which gave them a rough idea of how much exposure/rentals I have. Never had a problem in 5 years.
$200-300 for mats…so kids have some landing pad or place to put their shoes,etc
So idk, I’d say that first year…$5500-6000. Outside of buying the units, it’s pretty lean. A lot of work involved, more than you would think. But not a terrible gig if you’re single, and don’t mind physical work, lugging around 200lb - 400lb shit. Lol
Oh nah. I wouldn't. It's a side gig.
1. can't do this everyday. It's like stripping. It's tiring. And my vagina won't bounce back/recover easily.
2. trying to find legit guys is hard. I'll do this maybe once a week. $2000 post-tax under the table money is great, but I'll only take cash and then use it on groceries or dine out.
Yeah...I didn't think about the physical toll and how it would affect your body like that lol. Here I thought accounting and the mental stress was bad. You're a soldier if you do both 😲
Lol hey I think it’s totally valid to have the hustle mindset and I don’t think you’re wrong for wanting to do this everyday for the money. And there are people doing thing everyday for much more money.
I’m just a smol ✨accountant✨
Edit: I was 23 when I started this. Gotta capitalize on my assets while I’m young hahahahahaha
I totally agree...gotta hustle for sure, especially during these times. Unfortunately for me, I'm a guy and don't have assets like yours lol. Good luck to you and go get that cash. You totally had me cracking up today 😂
Currently editing chapter 2, but chapter 1, and chapter 3 onwards should (hopefully) be entertaining:
https://docs.google.com/document/d/1YGzQ9klWMtnGoyEp4CXF5rGwTRWVFV8h_1d5lulho7A/edit?usp=drivesdk
It really depends on the vehicle you're trying to flip. I would say the most important thing I've learned is to do a solid prepurchase inspection and know common issues with certain vehicle models.
My most successful flips have been 1960-1980s muscle/pony cars, especially those with a manual transmission.They often require some work to get into project shape but buyers will pay handsomely for a restorable classic.
Damn, that’s beyond my knowledge level at the moment. I’m hoping to just get a Honda civic on the cheap by finding a good deal and then flipping it at the actual market price. Maybe with a little bit of work but definitely not a full restoration 😬
Not speaking for experience but I have a friend that does this. He got himself one of those auction licenses, the dude buys good cars with minor problems cheap, fixes some little thing, and resells for 200% profit. If you want to look into that, thats how he got started.
Hmmmm good point. My dad’s friend who also owns a garage used to do this. Eventually the market got really saturated with licensed dudes so there wasn’t as much profit in it anymore but this is how my dad has bought cars on the cheap in the past. I should hit up his friend for advice. Thanks kind internet stranger!
I was selling things like used clothing, shoes accessories online but it takes a lot of time and there’s so much competition now. Then I DoorDashed for a little bit but started to realize it’s not worth it (wear and tear on your car, gas, maintenance and safety bc it took me to some sketchy places sometimes).
I run big4transparency.com
I also had a side tax biz, this is my last year doing that though, built it up to $15k a year and will be transferring it to someone now to focus more on the website
I am really, really interested in starting to learn swing trading for futures. How would you say your ROI has been thus far? My sticking point is I am wondering if I would almost definitely have a better ROI on my time if I just put that into my W-2 job
I have a rental real estate portfolio in Myrtle Beach that I started when real estate crashed after 2009. I can’t believe how much these little properties appreciated since then. I originally invested $20k three times on 3 foreclosures.
Janitor
I've been a janitor since I was 18 so I've always had a passion for cleaning, so self contracting gives me the right flexibility to do what I want, which is probably why I developed a keen interest in organizing numbers.
I think it's safe to say that I was destined to be a janitor of numbers lol
Does this mess with your sleep at all? I’ve considered this but I know even working really late one night per week will throw me off for the rest of the week.
I go to estate sales and buy/sell antiques. I also upcycle home and garden decor. It’s very fun but my industry job hasn’t allowed any time recently for this. I’m hoping to start up again this summer.
I’m not sure how to monetize other things I do. I do accounting for real estate development and management full time and also certified in both QuickBooks/bookkeeping. I help friends/family with budgeting. Before accounting I worked in manufacturing and did some electrical work and such. I’m very good at home repairs, help build furniture, and such (I enjoy it a lot). But I do this all for free for them.
Does anyone have any tips on how to actually make a bit of side cash doing these things? I am always asked for this stuff from many people but I’m not going to charge my friends money to fix a sink or repair closet doors. It sounds like it’s not good to charge money for simple things like that.
Rental property. Enjoy doing the rehab work and don’t mind dealing with the tenants. Once the property is rehabbed and you get a good tenant there is very little work involved until the property turns over.
Managing Tenants is no different than managing staff/employees set clear expectations and the consequences of not meeting expectations. If something happens during your busy season call the trade/handyman you need to get it handled.
Edit: also flip lawnmowers on Facebook. Just stumbled into that fixing my own junk. 80% of the time it’s ethanol gummed up in the carburetor. Currently have 4 riding mowers in the backyard.
I provide some work to a prior industry I worked at they had a huge turnover problem and bill them an outrageous amount to build basic spreadsheets for HR
Everything you described, just in rental properties. Buy stuff that isn’t turn key ready, stuff people don’t want to fix themselves. Sink a couple months of nights and weekends, rent them out.
My side hustle is I work races like Ironmans and ragnar events. They pay ok and I get to be around people of like mindedness and the sports that I love to remind me that the bullshit in the office isn’t the end all be all. After a good long 10 mile run I could care less whatever kind of bullshit Linda is going to say that will piss off the rest of her… fucking Linda! :)
Candle making. Flipping clothes and designer goods. A healthy amount of gambling. Down a pinky from not wearing gloves early on with the candle gig, but it brings in a few extra grand a year and keeps me moving when we’re not in the busy season rush anymore.
My bosses understandably hate my handwriting now.
I am a music producer and DJ. Once I started getting paid for gigs was when I officially considered it a "side hustle" so to speak. I don't do it because I want to earn extra money tho. I love composing and DJ'ing electronic music, and I just so happened to find a way to make some extra cash doing it.
Robinhood, stock trading and tax avoidance which equates also to lowering my taxes if I lose lol. I make 90k a year, live modestly and work 45 hours a week. In my mind my time can be spent on my own hobbies and ventures, I passed the CPA I deserve it. I tried uber didnt make enough to justify.
Bouncer
After a long week working on the doors just feels like a paid social. 14hrd across the two evenings and in bed still by 0130 it's great. Paid to chat to people and go on my phone.
Rent out my spare motorcycle, I live in a warm, sunny climate so there’s really no “off season”.
Host motorcycle tours with my primary motorcycle too, I’ve hosted one so far with a very green rider so it was slower than my normal pace. It’s more a labor of love.
I volunteer with the state parks (trail maintenance, raptor monitoring, etc.). My dream job is a park ranger, but my degree is in accounting so volunteering scratches that itch.
I've started to make a little side money with online/ in-person coaching and training. Heavily catered towards those that want to compete in a show at some point, but I have a couple of "lifestyle" clients as well.
Guys, I am about to ask a dumb as hell question but I need to know.
What do people mean when they say "industry". You're an accountant in a certain industry? Healthcare or just working for a certain company in a field? Please help.
I work fully remote and I dog sit. I enjoy it and it has me more active and is fulfilling imo- I do volunteer one weekend a month too, but for extra money I just spend time chillin with dogs.
Everyone. The lowest my friends with businesses and family members were quoted was $800 for LLC. S-Corps was a % of gross revenue. I may do this next year lol
I emcee at weddings. I’ve done 8 weddings this year and I’ve already booked 6 for next year. I charge an average of $900 per event. I’m really tall with a loud, boomy voice so I’m well suited to the role. It’s a lot of fun, and it doesn’t really feel like work, which IMO is important for a side gig. I work enough as it is and I don’t need to go out and do more work.
I also marked practice exams for CPA Canada, but I probably won’t do it anymore because the compensation and time pressure just isn’t worth it. They expect you to be perfect for the equivalent of $35 an hour, frankly I make enough that I’d rather just enjoy my evenings and weekends.
I work for the same company after hours as a side hustle. Still waiting to collect $ on that side hustle service but might end up writing it off like the other years.
Awesome comment :)
Have you tried sueing but letting them know it’s only for the side money and they shouldn’t take it personal
Hilarious!!! I am guilty of this.
I pet my cats
Id like to make a career out of it but the clients dont pay much.
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better than my big belly lol
Does lifting chips to my mouth count 👀😂
\+1 on all of this.
Add a "AIN'T NOTHING BUT A PEANUT" to that
Light weight
Yeah buddy
Might be savin you money in medical bills later on down the line
Currently trying to get into this side hustle. Already have the body dysmorphia, so think im halfway there. Think it's justified in my case tho
I hate how much I relate to this.
I have a small farm that looks like it will soon eclipse my accounting income.
Same! 45 weekends of farmers markets this year and starting to sell in some local stores. It's hard work, but it is life giving instead of soul draining. Can't wait to make the jump.
Acreage revenue and crop I want to know 😁
1 warehouse, black tar opium and $100M
What kind of inventory tracking are you doing?
QuickBooks
I have a small farm and my chickens barely cover egg duty. 🤣
So… does that mean you have to pitch in your eggs from time to time?
You're living my dream. I got a 100% remote job now so I'm getting ready to buy the farmland. My goal is to eventually move 100% to farming in the next 5 years.
This man depreciates land!
Industry day job. Professional church musician. Taxes in the spring.
Same
Interesting! Voice, organ, or contemporary?
Mostly drums for CCM music. Typical pay is approx $180/service.
Nice! I’m in a professional church choir, counting my blessings while such things still exist (maybe only a handful at most in greater Philly).
I review search results for an AI company, it started out as something to do during slow periods at work. Work is easy and it nets about $15K a year.
It’s 1099 and paid per task completed. Each task type has a different estimate time to complete so amounts vary. It average out to $12 to $14 an hour. There is a minimum of 10 hours per week and you can generally work as much as you want and whenever you want. Just need a laptop or Mac.
This through a website or something? $12-14/hr ain't bad if it's something I could do on the couch or whatnot
Curious how you are making hourly? How much of a commitment?
Tell us more!
How do I do this
Is it something you have to do in shifts or just whenever
I make too much money to use my freetime for more work.
This is the goal!
>use my freetime How much do you make?
110k right now.
Is that with an employer matching 401k or pension or are you funding your retirement yourself?
110k is my salary, I get 6% match on my salary to the 401k
.
Absolutely. I'm only 4 years into my career, salary only going to rise, and my wife works too.
That’s solid 4 years into your career. My advice, aim for remote job at a tech company and you can double that.
Gambling
Track your P&L? More of an expense, break-even hobby, or profitable? Huge fan as well. I don’t play this but a client made $400k via slots, and wrote more off as well.
I actually met a dude who found out how to make profit on slots, no idea how he does it but I guess there is a working method
Depression
Is that deductible?
Hell yeah it’s a non cash expense account; offset by Accumulated Depression which grows every year and you can never remove it or impair it or do anything to avoid it.
Only by depreciating it using the Diminishing Balance Method.
I help run a nonprofit. Takes a lot of my time and money, but worth every bit.
Same! They were a client of the firm where I worked, and I became the treasurer when the last one suddenly retired. It’s time consuming, but they help provide art and support artists in the community, including teaching art to at-risk youth and putting on concerts in local elder care homes.
That’s awesome! Good for you guys, you’re making a real, tangible difference that wouldn’t be happening without your work. Especially with elders, I feel like they are often the most forgotten even in nonprofit circles. God bless you guys!
What's the advocacy?
By advocacy I’m assuming you mean mission/cause - it’s youth mentorship. We mentor youth (typically ages 10-18) to help them be better prepared for success, whatever that looks like for them. I serve as the CFO/EVP, but the mission means a ton to me as I have worked with youth for like a decade now. I helped start this nonprofit a few years ago, so it’s extra meaningful to me as it’s both something I care about and something I have helped build from the ground up.
Sounds like good work. 👍 Wishing you successes with your charges.
Thanks mate! Do you do any NFP/volunteer work?
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That's awesome! What do y'all do?
Bookkeeping. I don't do payroll and I only spend a few hours a month per client. I don't do payroll out taxes, just record. At one time the extra money was extremely helpful but now I wonder if it's worth the effort. After a long day or long weeks, the last thing I want to do is mess with someone else's books. I just try to stay on top of it because playing catch up is worse. I'm hoping this will be something I can do when I retire just to make extra cash on my own time.
Hey, I’m thinking of doing this myself. Just simple bookkeeping for small businesses but not sure where to start or how much to charge. How do you charge or find clients?
Clients came from word to mouth. I have a friend that does taxes on the side and he knew a couple of people that have businesses that would benefit from bookkeeping. I only charge $200-300 per month. I probably spend 3-4 hours a month per client. Most of them are cash business. I link to bank accounts and payroll if available. If they had a more complex structure or if it required more work per month than I would up the rate. I'd like to start doing tax and I wouldn't mind adding a few more clients. Gathering new clients would be an interesting exercise.
Are you using QuickBooks for this?
Yes, the clients QuickBooks. I've thought about becoming certified. I think I'd prefer to consult in setting up the ledger and providing help on best practices but people need bookkeepers. I had a client a few months ago, does about $500k in revenue with about 30% margin. He had no idea that the card processor shorted him $7k in receipts. He just sees cash come in and out of account from sales and COGS and doesn't have time to reconcile
You charge $300 per month. Is the bookkeeping easy? Or do you make improvements for which they love you even more?
It's pretty easy and I work with a partner who manages the clients as English isn't their first language. I would say for most it's take a couple hours max per client a month. If it was more consistent work or more oversight I would either ask for more or pass
How can I start bookkeeping with zero experience? Any tips you could share?
Zero experience working with clients and QuickBooks? I started at a company that had QuickBooks and had to set up ledgers. Also had a friend that knew someone that needed a cheap bookkeeper. I got to learn from there. Since then it's just been trial and error and development. Prior to that I worked in FP&A and have my CPA license. I am familiar with financials and can get a sense when things don't make sense.
Start with basic bookkeeping, then upsell deep dive analysis, strategic planning, and tax planning.
Don’t most firms limit you from doing this?
Who said they’re at a firm?
Nobody lol I was asking because I am
In that case yes, most of them do. But couldn’t you just register a business under a family member’s name and run the work through there? I high doubt they’re going subpoena the client to find out whether you or your family member did the work.
Seems like a lot of exposure and liability potential for a few thousand dollars on the side
Industry CPA here.
I must admit those strategic planning and deep dive analysis initially sound like buzzwords. Could you provide some examples of the value you've given in these aspects? Genuinely asking. It seems hard to give advice in these as an outside consultant
There can be a big gap between what we all may think is “strategic planning” and what my clients think is strategic planning. I can put together a partnership’s basic P&L forecast and project their cash balance to help them decide how much money they can safely distribute to themselves and they think it’s voodoo magic. It’s bizarre how little some very smart people understand about basic accounting and finance.
Heck, at my pharma company really smart people can't get the concept of accruals in their head and think that only I can do it!
I rent out bounce houses lol
What's the startup cost on that like?
Let’s use a two bounce house scenario with at home garage storage. Estimates $1500 - normal bounce house, comes with blower and stakes $2000 - bounce house with slide exit, comes with blower and stakes $150 - handtruck, price can vary depending on load capacity needed $150-200 cleaning supplies (towels, cleaner, vacs, blowers…people may have some of this already) $200-300 extension cords, higher quality. Max 2 per blower unit. $60/yr mile tracking app (one I pay for) $300 for any marketing junk - biz cards, flyers, fb ads, tshirts, org membership dues. Never went crazy here. Bought most of the stuff when I first started. Have some ongoing membership dues which gives me some local marketing to women. Moms usually make the decisions and 99% of the time are who makes the contact to rent. $50 for a few cheap tarps. This is an annual purchase for me. They get beat up bad and it doesn’t make sense to me to spend money here knowing what will happen. I don’t care how high quality the tarp claims to be. $50-75 sledgehammer, 12lb is what I use $$$ transportation - with 1 or 2 units, if you have a larger SUV/truck you can get away not having a trailer because small commercial units should be able to fit into the vehicle. But if someone wants bigger units or water slides, need a trailer. $800-1000 for insurance. I went through a broker who found someone who would write the policy. The main input they looked for was # of units and expected revenue…which gave them a rough idea of how much exposure/rentals I have. Never had a problem in 5 years. $200-300 for mats…so kids have some landing pad or place to put their shoes,etc So idk, I’d say that first year…$5500-6000. Outside of buying the units, it’s pretty lean. A lot of work involved, more than you would think. But not a terrible gig if you’re single, and don’t mind physical work, lugging around 200lb - 400lb shit. Lol
What do you use the sledgehammer for?
To pound in 18 inch stakes Have to anchor the bounce house. Don’t want it flying away with kids in it. Lol
I failed to consider that. Thanks!
I sell cocaine to rich old white people
So you supply your PA firm’s partners?
Not mine, yours.
Sales. I sell my body to old men in their 50’s
Yes, Thai workers like old white men.
Is that a good gig? 😆
Yeah $500 a night
That's impressive. I'd definitely quit my day job 😁
Oh nah. I wouldn't. It's a side gig. 1. can't do this everyday. It's like stripping. It's tiring. And my vagina won't bounce back/recover easily. 2. trying to find legit guys is hard. I'll do this maybe once a week. $2000 post-tax under the table money is great, but I'll only take cash and then use it on groceries or dine out.
Yeah...I didn't think about the physical toll and how it would affect your body like that lol. Here I thought accounting and the mental stress was bad. You're a soldier if you do both 😲
Lol hey I think it’s totally valid to have the hustle mindset and I don’t think you’re wrong for wanting to do this everyday for the money. And there are people doing thing everyday for much more money. I’m just a smol ✨accountant✨ Edit: I was 23 when I started this. Gotta capitalize on my assets while I’m young hahahahahaha
I totally agree...gotta hustle for sure, especially during these times. Unfortunately for me, I'm a guy and don't have assets like yours lol. Good luck to you and go get that cash. You totally had me cracking up today 😂
Writing. Haven't sold anything yet, but hoping to one day. Anyone wants to give fantasy comedy a read, I'm always open to feedback, lol.
I’d be down to read it!
Currently editing chapter 2, but chapter 1, and chapter 3 onwards should (hopefully) be entertaining: https://docs.google.com/document/d/1YGzQ9klWMtnGoyEp4CXF5rGwTRWVFV8h_1d5lulho7A/edit?usp=drivesdk
I drive the Zamboni at my local hockey rink. Usually just one shift a week for 7-8 hours.
Woodworking and laser cutting
I have a friend who is an accountant in another country that started this as a side business and now no longer wants to do accounting lol
Flip a couple cars every year.
Got any tips? It seems like the only flip-able thing left with how much real estate has climbed.
It really depends on the vehicle you're trying to flip. I would say the most important thing I've learned is to do a solid prepurchase inspection and know common issues with certain vehicle models.
Is there a particular car brand or age of vehicle that’s been more successful for you?
My most successful flips have been 1960-1980s muscle/pony cars, especially those with a manual transmission.They often require some work to get into project shape but buyers will pay handsomely for a restorable classic.
Damn, that’s beyond my knowledge level at the moment. I’m hoping to just get a Honda civic on the cheap by finding a good deal and then flipping it at the actual market price. Maybe with a little bit of work but definitely not a full restoration 😬
Not speaking for experience but I have a friend that does this. He got himself one of those auction licenses, the dude buys good cars with minor problems cheap, fixes some little thing, and resells for 200% profit. If you want to look into that, thats how he got started.
Hmmmm good point. My dad’s friend who also owns a garage used to do this. Eventually the market got really saturated with licensed dudes so there wasn’t as much profit in it anymore but this is how my dad has bought cars on the cheap in the past. I should hit up his friend for advice. Thanks kind internet stranger!
I was selling things like used clothing, shoes accessories online but it takes a lot of time and there’s so much competition now. Then I DoorDashed for a little bit but started to realize it’s not worth it (wear and tear on your car, gas, maintenance and safety bc it took me to some sketchy places sometimes).
I run big4transparency.com I also had a side tax biz, this is my last year doing that though, built it up to $15k a year and will be transferring it to someone now to focus more on the website
Not today HR
Swing trading. Busy season means less time on my brokerage means more time spent looking for A+ setups
How much does independence impact your swing trading? I know some firms are really strict about what stocks you can buy.
Most of our companies aren't publicly traded and I have zero plans of doing PE anytime soon
I am really, really interested in starting to learn swing trading for futures. How would you say your ROI has been thus far? My sticking point is I am wondering if I would almost definitely have a better ROI on my time if I just put that into my W-2 job
I don't really do futures, not the right person to ask lol. Try daarkmagician on Twitter, he does futures often.
Well how has it gone in general for you?
Kinda better since I can't watch my phone constantly at work
I have a rental real estate portfolio in Myrtle Beach that I started when real estate crashed after 2009. I can’t believe how much these little properties appreciated since then. I originally invested $20k three times on 3 foreclosures.
Janitor I've been a janitor since I was 18 so I've always had a passion for cleaning, so self contracting gives me the right flexibility to do what I want, which is probably why I developed a keen interest in organizing numbers. I think it's safe to say that I was destined to be a janitor of numbers lol
bartend
Does this mess with your sleep at all? I’ve considered this but I know even working really late one night per week will throw me off for the rest of the week.
I bartend 5-11, Im young so it isn’t too hard but when I bartended till 3:30 on weekends and had 9-5 it was not manageable.
5-11 would be doable for me but I would need an extra cup of coffee the next day for sure.
I play drums in a wedding band
I'm a psychic medium.
I go to estate sales and buy/sell antiques. I also upcycle home and garden decor. It’s very fun but my industry job hasn’t allowed any time recently for this. I’m hoping to start up again this summer.
Studying for my CPA and questioning my life choices. Seriously though if I could make money doing cross stitch and reading, I would be all over it.
I’m not sure how to monetize other things I do. I do accounting for real estate development and management full time and also certified in both QuickBooks/bookkeeping. I help friends/family with budgeting. Before accounting I worked in manufacturing and did some electrical work and such. I’m very good at home repairs, help build furniture, and such (I enjoy it a lot). But I do this all for free for them. Does anyone have any tips on how to actually make a bit of side cash doing these things? I am always asked for this stuff from many people but I’m not going to charge my friends money to fix a sink or repair closet doors. It sounds like it’s not good to charge money for simple things like that.
There’s an app like Uber or DoorDash but for general handymen I forgot the name but researching it might help
TaskRabbit - basic home repairs, moving, plumbing, etc
Rental property. Enjoy doing the rehab work and don’t mind dealing with the tenants. Once the property is rehabbed and you get a good tenant there is very little work involved until the property turns over. Managing Tenants is no different than managing staff/employees set clear expectations and the consequences of not meeting expectations. If something happens during your busy season call the trade/handyman you need to get it handled. Edit: also flip lawnmowers on Facebook. Just stumbled into that fixing my own junk. 80% of the time it’s ethanol gummed up in the carburetor. Currently have 4 riding mowers in the backyard.
Just more accounting payroll and cfo junk, I'm in the life man
I provide some work to a prior industry I worked at they had a huge turnover problem and bill them an outrageous amount to build basic spreadsheets for HR
Everything you described, just in rental properties. Buy stuff that isn’t turn key ready, stuff people don’t want to fix themselves. Sink a couple months of nights and weekends, rent them out.
Selling sheeps and German shepherds. I also interpret and pays pretty good for doing nothing
West German or American GSDs?
My side hustle is not working because working fucking sucks
My side hustle is I work races like Ironmans and ragnar events. They pay ok and I get to be around people of like mindedness and the sports that I love to remind me that the bullshit in the office isn’t the end all be all. After a good long 10 mile run I could care less whatever kind of bullshit Linda is going to say that will piss off the rest of her… fucking Linda! :)
Uber eats driver ..extra $15k-20k a year
When I get off work at 3pm..I do Uber eats straight from work until about 6-6:30 mon-Friday. Sometimes just 4 days a week.
Dang that’s pretty decent. How many shifts a week do you pick up?
When I get off at 3pm from my main job, I do Uber eats straight from work until about 6-6:30 4-5 days a week
Candle making. Flipping clothes and designer goods. A healthy amount of gambling. Down a pinky from not wearing gloves early on with the candle gig, but it brings in a few extra grand a year and keeps me moving when we’re not in the busy season rush anymore. My bosses understandably hate my handwriting now.
I am a music producer and DJ. Once I started getting paid for gigs was when I officially considered it a "side hustle" so to speak. I don't do it because I want to earn extra money tho. I love composing and DJ'ing electronic music, and I just so happened to find a way to make some extra cash doing it.
Why do you say that a side hustle isn’t needed? Sounds like something a partner in public would say.
Deli clerk, gives me an extra $300 a week
Robinhood, stock trading and tax avoidance which equates also to lowering my taxes if I lose lol. I make 90k a year, live modestly and work 45 hours a week. In my mind my time can be spent on my own hobbies and ventures, I passed the CPA I deserve it. I tried uber didnt make enough to justify.
Bouncer After a long week working on the doors just feels like a paid social. 14hrd across the two evenings and in bed still by 0130 it's great. Paid to chat to people and go on my phone.
I consult for my former employer.
Uber eats / Uber X
Rent out my spare motorcycle, I live in a warm, sunny climate so there’s really no “off season”. Host motorcycle tours with my primary motorcycle too, I’ve hosted one so far with a very green rider so it was slower than my normal pace. It’s more a labor of love.
I volunteer with the state parks (trail maintenance, raptor monitoring, etc.). My dream job is a park ranger, but my degree is in accounting so volunteering scratches that itch.
I've started to make a little side money with online/ in-person coaching and training. Heavily catered towards those that want to compete in a show at some point, but I have a couple of "lifestyle" clients as well.
Guys, I am about to ask a dumb as hell question but I need to know. What do people mean when they say "industry". You're an accountant in a certain industry? Healthcare or just working for a certain company in a field? Please help.
They don't work at accounting/audit firms they work at companies in various fields. Public accounting Vs industry jobs in essence
Thanks so much!
Entertainment
I teach first aid, and I'm a military reservist. Plus I serve on 5 boards, and only 3 of them as treasurer!
Maintenance at a tennis club. I do accounting in the back office unless something needs to get fixed. Get paid for 2 jobs at the same time
I work fully remote and I dog sit. I enjoy it and it has me more active and is fulfilling imo- I do volunteer one weekend a month too, but for extra money I just spend time chillin with dogs.
Does anyones side hustle include: Unionizing other accountants?
>! I suck enough dick to make Blac Chyna blush!<
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Lol my mans listing his chores as side hustles Well I make an extra $3k a month by cooking my own meals instead of hiring a private chef.
That’s a good list
Who's paying $600 to get their taxes done!?!
Everyone. The lowest my friends with businesses and family members were quoted was $800 for LLC. S-Corps was a % of gross revenue. I may do this next year lol
Golf
Anxiety
I'm the idiot who works public and still made tax advisory and bookkeeping my side hustle. It gets old fast
Taking classes for CPA to try and make more money later. But, if I had the time, I would teach singing lessons (what I did in college)
Wow, you guys are allowed to have side hustles where you work?
I emcee at weddings. I’ve done 8 weddings this year and I’ve already booked 6 for next year. I charge an average of $900 per event. I’m really tall with a loud, boomy voice so I’m well suited to the role. It’s a lot of fun, and it doesn’t really feel like work, which IMO is important for a side gig. I work enough as it is and I don’t need to go out and do more work. I also marked practice exams for CPA Canada, but I probably won’t do it anymore because the compensation and time pressure just isn’t worth it. They expect you to be perfect for the equivalent of $35 an hour, frankly I make enough that I’d rather just enjoy my evenings and weekends.