The Ever-Growing List of Ways to Earn Extra Income

This post may contain affiliate links. Please see my disclosure to learn more.

There are two paths to growing wealth: spend less money, and earn more money. I have already addressed the former in my Ever-Growing List of Things I’ve Given Up in the Name of Frugality. It’s about time I address the latter.

I am ALL about the side-hustle. I have spent the last fifteen years of my life working multiple part-time jobs and creating side hustles. I had three jobs in Undergrad at the same time, and worked after school in dental school. Job titles that I’ve held include Jamba Juice worker, Jamba Juice Training Mentor, Banana Republic Visuals Specialist and Retail Associate, Dental Assistant, Private tutor, Tutor at a tutoring company, University Librarian, Rover Dog-Sitter, Baker at Rye Goods, Owner of Aero Bakery, Dentist, and Blogger. I have earned extra money writing entire websites as well as guest-writing for people, being a “lab-rat” for all sorts of University research studies, baby-sitting, baking treats for parties, and other random title-less positions.

I know COVID-19 has caused many people to lose their jobs. I hope this post finds you, somehow. There are endless ways to earn money. There is no reason to stick to what your degree or license is on. Many jobs require very little experience, and honestly most of what I did I learned along the way. I had no culinary degree and yet I reached out to a bakery via Instagram and asked for work. I took the only shift available (the early shift from 2am to 6am) and balanced it with my 5-day-workweek as a dentist. From there, I learned how to open my own bakery and manage that from the comforts of my home.

Likewise, I had only lived with my family dog for four years, but I deemed myself good enough for dog-sitting. I simply applied on the Rover App which only required a few lines of information and a few essays as to why I would be a good fit.

I have never changed diapers in my life but I sure as heck volunteered to babysit. I used to dabble in writing and somehow, I was paid to write all of the content of an entire website at the age of 20. No one gave me permission to create a blog, or be on podcasts, or half of the other things I ended up doing. But I did them, and you can too. All you need to do is throw yourself out on a limb, ask people around you how you can be of service, and give yourself the permission to try, and fail, and grow. You need to be vocal, confident, and trusting of your skills and talents. I believe every person has a long-list of things to contribute, and by offering to do so, we not only make ourselves richer but those around us richer too.

Onwards with my ever-growing list of ways to earn extra income.

  • Start a blog. I use WordPress as my hosting site and I started this blog for free. I first learned I could earn money for this blog through this course: Making Sense of Affiliate Marketing. I then turned the blog into a business site which costs a yearly fee, but the money you earn from your blog can easily offset that fee. I would highly recommend growing your e-mail list via ConvertKit so that you can reach even more people.
  • Create an E-Course. I created my first E-Course called Mastering A Budget. My course is FREE but for those looking to sell their courses, I highly recommend Teachable. It is such an easy program to use, and I know many people who have earned hundreds of thousands of dollars via Teachable. Write E-courses on things you care about or know a lot about. Trust that what you have to teach people is valuable!
  • Save electricity. We participate in OhmEvents and shut down our electricity during high-usage times. The first month, we earned $80. The second month, we earned $70. You can earn over a thousand dollars a year saving electricity. It can even pay for your utility bills for the year! Sign up using my affiliate link to OhmConnect and start earning now. If you use my affiliate link to sign up, you will automatically earn $20!
  • Pet-sit. There are many apps from which to pet-sit, but the one I use and recommend is Rover. You can choose to dog-sit either at the pet’s home or your home, walk dogs, or just swing by and check up on dogs! Getting paid to play with pets is the best!
  • De-clutter your stuff and sell them on Poshmark. I recently discovered Poshmark and have had high success selling my things on this platform. I make about $50 a month selling things on Poshmark. It’s also a good place to shop responsibly and frugally (see my previous post here).
  • Baby-sit. There are many parents who need baby-sitters. Especially now that WFH is more common. Over-whelmed, over-worked, and over-extended parents need a break! Guess who can offer their services…
  • Clean Homes. If you know how to clean, then you have gold on your hands. I know many people who hire others to clean their homes for them on a weekly basis. If you don’t mind getting on your hands and knees and you like to work in solidarity, then perhaps cleaning homes is the right gig for you. Plus, nowadays, professional cleaners are much needed! Turn on a Spotify playlist and get to work.
  • Drive for Uber or Lyft. After your day shift, drive in the evening for one of these companies. I heard that certain nights and weekends are popping. My brother did this for a while during his year between undergrad and dental school. He mostly drove around the city that he already lives in. It’s a great gig for night owls.
  • Deliver food via PostMates, GrubHub, or Amazon (Whole Foods). Food delivery has become increasingly popular and there is prestige to becoming a Whole Foods delivery person (I hear there’s a daily waitlist!).
  • Create Websites. Know a little bit of code? Understand the basics of websites? It’s okay. I didn’t either but look at me now! I am not tech-savvy. I have problems when my phone updates. And here I have built this space from scratch. Offer your services to someone who is just starting their business. I am sure they have a lot of other things to worry about. Create their website, learn along the way, take their feedback, and keep tweaking.
  • Be a photographer or videographer. Nowadays, almost anyone can turn these hobbies into a real job – that earns decent income! You can sell your pictures online so that others can print them and frame them around the house. Or you can shoot for events or companies. Just ask around. There are many people who need professional pictures. It is the digital age, after all.
  • Tutor. I used to tutor high school level math, Spanish, biology, and chemistry. I do think that everyone has something to offer. Tutor music, dance, finance, basic life-skills. Hold virtual classes via Zoom. Do something fun, like teaching a class on how to make a latte. Or how to tend to plants. Do a workshop of calligraphy – and make it a series! The word is at your fingertips.
  • Lead Yoga and Gym Classes. My best friend is a yoga teacher for CorePower Yoga. And although gyms are closed now, you can always make yoga videos on Youtube and get paid after a certain number of views. Or you can host a Zoom meeting and have people tune in. Charge them a registration fee and give them access to your Zoom room after they’ve paid. It doesn’t have to be a work-out class in person.
  • Be a professional de-clutterer or home organizer. People are stuck in their homes. They have turned their attention to long-ignored spaces. (I know I have). The de-cluttering craze has gone viral (was it not already?). But many people give up half-way through because of the rigorous process and the overwhelm. I have a friend who started a business that helps people de-clutter their homes. Consultations via Zoom or Facetime are easy to set-up. Help people create the ideal WFH spaces.
  • Work Part-Time at a Grocery Store, Bakery, Restaurant, Hotel, Coffee Shop, Retail Store, etc. This one ends up being the hardest gig to land in 2020. Who knew? But as the economy reopens, be prepared. Keep an eye out. You’ll likely have to play the numbers game and apply to as many opportunities as you can, but don’t give up!

Over time, I will add to this ever-growing list. Feel free to chime in!

Related Posts:

How I Made $288 in July 2020 Blogging from Home

This post may contain affiliate links. Please see my disclosure to learn more. 

I started blogging right after graduating from dental school without ever thinking I’d earn money from it. At the time, I turned to this blog as a place to record my daily life. Ever since teenhood, I have kept some sort of journal or diary, which has evolved over time from paper to Xanga to Melodramatic, and now onto WordPress. For almost twenty years, I’ve processed information through writing, but never once did I think I would earn money from it.

It’s been three years since owning this site but I am happy to say that it is now getting a little bit of traction and has started to earn me a little income. If I wasn’t working as a dentist during the day, I could see how this could become a steady day job. Still, even with my day job, it had turned into a fun side-hustle for me. I decided to log my earnings for my own personal tracking but also to share publicly how much one can make blogging from home.

Now that remote work seems to be in the near future for many, I do think that blogging is a good option for people who wish to work from home. Likewise, it is an opportunity to be your own boss and have your own space. Since you are writing your own content, you have the flexibility to work whenever you want to, which I know can be a good or bad thing. Of course, you can always practice habits that will separate work from home. Lastly, this is a great hobby or job for creative people. You have autonomy over how to execute your ideas and thoughts, making this a very freeing experience for those who don’t quite fall neatly into a traditional work environment or big company hierarchy.

But first, how did I start to monetize the blog?

If you are new to blogging, you may not know that you can earn income from owning such a space. I certainly didn’t. But then I took this course called Making Sense of Affiliate Marketingand it changed my life.

What is Affiliate Marketing?

Affiliate Marketing is working with brands that you love in order to spread the word about their products and in return receiving commissions for any referred patrons. Sometimes these are physical products from almost any company you can think of. Other times, they are intellectual products such as courses or services that help improve other people’s lives. The best part is that you don’t have to “sell out” to do affiliate marketing. You don’t have to scheme or cheat people. For me, it’s really just promoting companies that I believe in. For example, the companies I choose to partner with are those that promote sustainably sourced products using fair trade and ethical factory conditions. I like to promote small name businesses trying to create social or environmental impact. I try to keep it to an exclusive few even though I’ve been approved for over 2,000 different companies (so far).

There are a few nuances to affiliate marketing and I didn’t know much about it prior to the course. But the course helped me to learn A LOT and it’s just another case of “you don’t know what you don’t know.” You could learn it all yourself, but it’s hard to without a guide to get you through the basics.

I highly recommend this course if you wish to monetize your blog but don’t know where to start.

Extra Income Report

Now, onto the numbers. In July 2020, I made $288 in extra income.

Of that, this is the breakdown:

  • All $288 is from sponsored posts. I count the monetary value of products that I receive as “income”. I do not accept products for review without first learning about the company and product. As a minimalist, I also only look for products that we currently need. I am honest in all my product reviews and list both pros and cons because I want to be as helpful to the consumer and the company, both.

I believe that July was a little low since I published half as many posts as June and May. Yet I received 800 more views than a normal month which shows that this blog is growing.

I know it seems like not much, but as something I do for fun, I think it’s a nice little additional income. Over time, I hope to continue posting more income reports. Maybe it will help others looking for a side-hustle get a feel for whether blogging could become an alternative for them.

As always, my goal with this blog is to promote intentional living. Writing is a way to create a lifestyle that is in tune with what you want to do. Sure, it may not be the perfect job, but if working from home and having flexibility help allow you to live your dream life (one that includes traveling the world or becoming a stay-at-home parent), then I hope this space brings you that value.

If you are interested in starting a blog, I use WordPress. Feel free to sign up using my affiliate link.

If you already have a blog, I want to refer you to the course that helped me monetize mine. It’s a really great starting point. It’s called Making Sense of Affiliate Marketing.

How Californians Can Make Money Saving Electricity with OhmConnect

This post may contain affiliate links. Please see my disclosure to learn more. 

What if I told you that Californians can get paid to save electricity? I mean, we should all already be working hard to reduce our energy bills, but sometimes, during mid-summer night’s heat wave for example, the last thing you want to do is turn off the electricity. I get it.

Not to fret. This is not the blog of deprivation. This is the blog of wealth, in all aspects of the word. In order to get paid, all you have to do is participate in saving electricity one hour at a time during designated “OhmEvents” with OhmConnect. OhmEvents pre-determined time periods when energy usage is typically the highest.

How to participate? Easy. OhmConnect will send you a text (usually a day before) about an upcoming hour-long OhmEvent which you can choose to participate in. You can power down as many electrical appliances as you want, unplug your chargers, turn off your A/C, procrastinate a little longer on the laundry and the dishwasher (be real, you were already doing it), and take the kids or roomies out to the park to expel energy into the ecosystem in a completely different way. If you have a SmartPlug, you can turn off your electronics via an app even when you are away from home. You can also hook up your Nest or smart thermometer to Ohm and it can turn off your device during the hour, to help you save further. Depending on how much kWh you decrease your usage by, you will be awarded points which translates to cash.

How does OhmConnect have the ability to pay people money?

The government pays a stipend or perk to not have carbon-intensive power plants turned on. The way in which this is prevented is by not reaching a certain energy usage threshhold. Meaning, the more people participating in OhmEvents, the less energy is used, and the more likely that the government will pay the stipend, which then partially gets divvied up and dispersed to Ohm participants.

OhmConnect Promotes Slow Living

Aside from the benefit of having a positive environmental and financial impact, there is also the incentive to practice slow living. Participating in an OhmEvent means turning off the TV for an hour and perhaps picking up a book. If it’s hot indoors, it may mean taking the kids to the park or beach outdoors where you longingly feel for an oceanic  breeze. Maybe it’s your cue to commit to that weekly run you wrote in your list of resolutions months ago. Does the Ohm hour land in the evening time? Plan a candle-lit dinner to rekindle your relationship with a loved one. Or teach the kids how to make forts using blankets and read using flashlights.

The best thing about OhmConnect is that it improves your life three-fold – you are leveling up your bank account, your environmental impact, but also (most importantly), your relationships.

How to Earn Even More Money

Spread the word.

When you sign up using my referral link, you will automatically get $10 added to your account for your good intentions. Furthermore, you can help make a bigger difference by getting your friends and family to sign up using your own referral link. For the month of Plastic Free July, all referred friends that sign up for Ohm will result in $40 cash for you, $10 cash for them. They will not receive the $10 if they did not sign up using a referral link, which is why I provide mine here.

We have only been doing this one week, but to be honest with you, it’s very fun. I sent my referral link to my dad who already procrastinates dishes and laundry until after 9 p.m. in order to reduce the electricity bill, and he was stoked to save money and get paid doing it, too!

I think it’s kind of fun finding activities that revolve around zero-electricity usage. But hey, if you really want to, you can still use your laptop or iPhone unplugged.

After one week, I have earned $81 using OhmConnect! I love it, and I think many people would too.

Let me know how it goes 🙂

How I Made $390.38 In June 2020 Blogging From Home

This post may contain affiliate links. Please see my disclosure to learn more. 

I started blogging right after graduating from dental school without ever thinking I’d earn money from it. At the time, I turned to this blog as a place to record my daily life. Ever since teenhood, I have kept some sort of journal or diary, which has evolved over time from paper to Xanga to Melodramatic, and now onto WordPress. For almost twenty years, I’ve processed information through writing, but never once did I think I would earn money from it.

It’s been three years since owning this site but I am happy to say that it is now getting a little bit of traction and has started to earn me a little income. If I wasn’t working as a dentist during the day, I could see how this could become a steady day job. Still, even with my day job, it had turned into a fun side-hustle for me. I decided to log my earnings for my own personal tracking but also to share publicly how much one can make blogging from home.

Now that remote work seems to be in the near future for many, I do think that blogging is a good option for people who wish to work from home. Likewise, it is an opportunity to be your own boss and have your own space. Since you are writing your own content, you have the flexibility to work whenever you want to, which I know can be a good or bad thing. Of course, you can always practice habits that will separate work from home. Lastly, this is a great hobby or job for creative people. You have autonomy over how to execute your ideas and thoughts, making this a very freeing experience for those who don’t quite fall neatly into a traditional work environment or big company hierarchy.

But first, how did I start to monetize the blog?

If you are new to blogging, you may not know that you can earn income from owning such a space. I certainly didn’t. But then I took this course called Making Sense of Affiliate Marketing, and it changed my life.

What is Affiliate Marketing?

Affiliate Marketing is working with brands that you love in order to spread the word about their products and in return receiving commissions for any referred patrons. Sometimes these are physical products from almost any company you can think of. Other times, they are intellectual products such as courses or services that help improve other people’s lives. The best part is that you don’t have to “sell out” to do affiliate marketing. You don’t have to scheme or cheat people. For me, it’s really just promoting companies that I believe in. For example, the companies I choose to partner with are those that promote sustainably sourced products using fair trade and ethical factory conditions. I like to promote small name businesses trying to create social or environmental impact. I try to keep it to an exclusive few even though I’ve been approved for over 2,000 different companies (so far).

There are a few nuances to affiliate marketing and I didn’t know much about it prior to the course. But the course helped me to learn A LOT and it’s just another case of “you don’t know what you don’t know.” You could learn it all yourself, but it’s hard to without a guide to get you through the basics.

I highly recommend this course if you wish to monetize your blog but don’t know where to start.

Extra Income Report

Now, onto the numbers. In June 2020, I made $390.38 in extra income.

Of that, this is the breakdown:

  • $380 is from sponsored posts. I count the monetary value of products that I receive and review as “income”. I do not accept products for review without first learning about the company and product. As a minimalist, I also only look for products that we currently need. I am honest in all my product reviews and list both pros and cons because I want to be as helpful to the consumer and the company, both.
  • $10.38 is from affiliate links. This means that people clicked on a link I wrote about and I earned commission for referring a consumer.

I know it seems like not much, but as something I do for fun, I think it’s a nice little additional income. Over time, I hope to continue posting more income reports. Maybe it will help others looking for a side-hustle get a feel for whether blogging could become an alternative for them.

As always, my goal with this blog is to promote intentional living. Writing is a way to create a lifestyle that is in tune with what you want to do. Sure, it may not be the perfect job, but if working from home and having flexibility help allow you to live your dream life (one that includes traveling the world or becoming a stay-at-home parent), then I hope this space brings you that value.

If you are interested in starting a blog, I use WordPress. Feel free to sign up using my affiliate link.

If you already have a blog, I want to refer you to the course that helped me monetize mine. It’s a really great starting point. It’s called Making Sense of Affiliate Marketing.

Finance: Financial Independence is for times of COVID

This post may contain affiliate links. Please see my disclosure to learn more. 

There are circulating rumors that this pandemic has deemed the FI movement dead. Articles in mainstream media have been claiming that people who are in the midst of attaining FI are now struggling to live. As a FI defendant and warrior, I would like to say that the opposite is true. In fact, this pandemic has shown our little family that the path to financial independence is strictly for times like these. Not saying that I ever expected any of it to happen. I mean, there’s no way I could have predicted this and I certainly did not wish it upon the world. But the financial independence journey is the reason why this pandemic was so good to us. Here’s why.

Why FI is for times of COVID

FI is built on a number of different life-hacks that enable one of my life’s core values: freedom. The word independence itself is crucial to the term FI. Many of the principles in the financial independence community center around independence from other things such as your job, the market, societal expectations, debt, and of course, money. All of this was affected by the pandemic.

Those who are following the FI principles are more likely to have embraced job independency through side-hustles, entrepreneurship, self-employment, or simply creating multiple income streams. Many FI families had an emergency fund to carry them through times such as these past few months. If you’ve taken my course, you also know that mastering a budget is a super-power. If you’ve truly mastered your budget, you would have control of your spending, created a savings, and also planned for the spending a few months ahead. Most FIers lack debt. I, of course, have a huge student debt, one that I’ve also worked diligently to free myself from (see the progress here!). But even this single choice to aggressively pay down my student debt has helped me significantly during COVID-19! I mean, who would have ever predicted that you could get six months of 0% interest rate on student loans? Nobody, ever.

Meanwhile, the market is crashing and FIers with money reserves in their mastered budget can invest at low rates. They can buy rental properties due to their stellar credit history. They can survive off of an emergency fund in case of a layoff. Better yet, they can use their additional income streams or refocus their money-making to their side-hustle business. I’m not saying this is the time to brag, but perhaps it’s the time to pivot.

How COVID helped our financial journey.

Perhaps the reason why people think that the pandemic will negatively affect FIers is because not many of us have been sharing how it has helped. I can’t speak for all FI families, but for us, here is what happened.

  1. Mike had wanted to pursue coding for a while. We decided to sign him up for a course in January and paid the tuition upfront and in full, which we were able to do thanks to our great budgeting and savings (Our entire budgeting method is compiled in this course that I wrote, if you’d like to follow in our steps). In February, about a month before the March 15th California lock-down, Mike offered to be laid off from a company that was down-sizing by forty percent, in exchange for a severance pay that would help with the transition into coding. After the severance pay ended in April, he qualified for EDD due to the lay off and got an additional $600 a week that the EDD was paying out to those who just found themselves unemployed, thus easing the transition even more. In fact, we had expected to receive $1800/mo from EDD prior to COVID 19. Due to the additional $600, Mike gets “paid” $4200 per month to study a course. What does this have to do with FI? Well, we wouldn’t have been able to pay for the course upfront without a savings. We wouldn’t have felt comfortable with Mike switching careers without a stable financial background. And we wouldn’t have been so non-chalant about the lay offs without a back-up plan (which is our other income streams).
  2. I have multiple income streams. I own a corporation as a dentist and pay myself. As a dentist, I work at two different offices which also increases my chances of always having work. I also owned a bakery which I closed a week before the COVID shutdown (for real! What timing…) but which I considered turning back to if both dental offices remained closed (they didn’t). I also had a dog-sitting business on ROVER, as well as this blog wherein I make commissions through affiliate linking. I was out of dental work for a week and a half wherein I spent most of my time writing about it. I then went back to work (three days a week, half the amount of time I usually worked) and poured more time into this space. It has grown tremendously the last two months! All of this to say, I had options in terms of career.
  3. All public student loans got reverted to 0% interest until September 31. This means that any student trying to pay down debt aggressively has a chance to make the money snowball go faster! Of course, I paid only the minimum monthly requirement for these COVID months just to keep cash liquid in case of emergencies, but now we’ve found ourselves sitting on a big chunk of change that we could use to buy a rental property. This gives us choice. I could drastically reduce the loan repayment journey to 2.5 more years, or I could invest in more long-term passive income.
  4. We house hack which means we have someone living with us which helps us pay mortgage. I would count this as an additional income stream for us.
  5. Speaking of mortgage, we refinanced our home. Due to our great credit, there was no hitch when we decided to refinance. The refinance gave us an additional $500 a month to put towards something else!
  6. We paid off Mike’s car in May, therefore paving the way for quickening the loan repayment journey now that we can funnel those would-be-car payments into student loans.
  7. We used COVID related benefits for health professionals and medical doctors such as retail discounts. Some of these benefits continue until the end of 2020.
  8. We got free food when fast food places. I think we made use of free tacos on Tuesdays from Taco Bell four times. Mike got a free meal from Cafe Rio. Mike’s dad and grandpa live in a 55+ community and they received weekly boxes of nearly-expiring groceries. They picked what they wanted and Mike and his sister (and me) benefited from the rest, which then reduced our grocery bill.
  9. COVID inadvertently reduced our monthly spending. Our cleaner couldn’t come for her bi-weekly cleaning which saved us $200 a month. Why would she when all three of us were home to clean, anyway? Mike had no work so there was no need to commute. He took online courses at home, which saved us $100 a month in gas. The aforementioned free food from Mike’s dad and grandpa saved us $100 in groceries per month. Since the yoga studios and gyms were closed, Mike and I had to replace our new-found love for yoga with running outdoors, thus saving us $250 a month.
  10. COVID prevented us from traveling. All our trips got cancelled, which made us quite sad but at the same time, it saved us close to $10,000. (Between March and July, we had trips planned to Japan, Maldives, Hawaii, two trips to Norcal, one to San Diego, a bachelor party for Mike in Colorado, a bachelorette in SD…). We had two weddings that were also sadly cancelled.

Let’s add this all up, shall we?

During COVID, the following things changed in our monthly budget:

$4500 from EDD for Mike’s work transition
$500 per month savings from the home refinance
$585 per month savings from paying off the car
$200 savings from not having a cleaner
$250 from not having a gym membership
$100 gas savings from not having a commute
$100 from the food box donations
$1400 a month of interest that the government isn’t taking from my student loans

That’s $7,635 savings per month due to COVID. Multiplied for the two months we’ve been in this lockdown.

Plus the $10k that we saved from not traveling.

I would assume we have saved near $25,000. Plus the liquid cash I kept from only making the minimum payments for student loans ($16,500).

Now you know why we are looking at a second home.

The FIers are not going to suffer from COVID. If anything, they are likely the least to suffer. I know of FIers who have bought one rental property a year for 15 years straight. Most of them make passive income from real estate or intellectual assets. Many are entrepreneurs, self-published, self-employed, self-sustaining. Most don’t have debt and they ALL have funds to rely on. On top of that, they have a well-balanced investment strategy that is mostly hands-off which protects them from panic-selling during times of market volatility. We are frugal, make use of opportunities, are in the know of life-hacks and benefit from financial situations such as these. That’s what FI is about. And everyone can become FI. Even though the media and the general public would like you to think otherwise. Just like they tried to tell me the loans would be unwise to pay off.

Is FI for you?

If you’ve recently lost your job due to the pandemic, perhaps it’s time to create a space for yourself. There are many pros to being self-employed. Even something semi-self-employed such as creating contract work under your name is a great option. Additionally, now may be the time to chase a dream of yours by picking up a side-hustle. Do something you love, and make money doing it. I did that with this blog, and if that interests you, perhaps you’d like to learn more about how to do that here. If you want to make money dog-sitting, apply to Rover today.

If you felt the crushing loss of a job and didn’t have an emergency fund, then the last few months may have been difficult. The EDD stipend of $600 a week to those who are unemployed has helped many, certainly, but really, having an emergency can also alleviate that stress. Start by mastering your budget. It’s the first step to all financial independence journeys.

If you have a lot of debt, it’s time to start paying it off. Student loan questions in particular? Now is the time to talk to a professional. Our recommendation is Travis Hornsby of Student Loan Planner. Schedule an appointment through my affiliate link, here.

It’s never too late to start. Trust me. I started from the bottom. Negative $575,000 bottom.

How Cyber Monday Can Grow a Blog

It was around this time last year that I got serious about turning this blog from something entirely personal to something more helpful to the general public. I would say that it was this exact weekend that I implemented a number of changes and additions that eventually led me to publishing TWO courses this past year (How to Create a Budgeting Tool That Works and Mastering a Budget). While there are other cyber Monday deals out there that you can spend your hard-earned dollars on, here are a few that actually gives back in terms of profit, making it more like an investment rather than a purchase.

Teachable – the platform I used to create both my online courses

If there’s anything I know, it is that you have valuable skills, experiences, and expertise in something. Every one of us, including you, has something to share with the world — something that others would love to learn.

And while creating an online course is one of the fastest ways to leverage on your time and increase your earning ceiling — it’s also one of the best ways to help more people.

When you create an online course, you’re able to change your student’s lives.

So my question for you is: who’s going to be grateful for you this year when you create your course and share your knowledge with the world?

Yes, you can earn a side-income from your course. Maybe even a full-time income from your course eventually. But there are so many other benefits to creating your course and sharing what you know with the world.

A surprising number of people have found that having their own online course becomes an amazing creative outlet. You get to share your passions and knowledge with the world!

And best of all, you get to do it on your own terms. You get to be your own boss, and you can pursue your biggest, craziest ideas without anyone saying that you can’t. When was the last time you had that kind of creative freedom?

On top of that, you’ll find it’s a real joy to interact with your students. 

Whether you have a course on parenting, or building a vegetable garden…watercolor painting…or even playing the guitar… (yes, these are all real courses on Teachable). 

You’ll find yourself losing track of time. You’ll be fully immersed in the course creation process, and you’ll get to talk all about a subject you love. (With people who love to listen!) 

You don’t need to be a big recognized expert to make a big impact on the world. 

We’ve seen it time after time. Newbie course creators will start off filled with self doubt, but then they take the plunge and share something.

They have zero expectations at first. But all of a sudden, one person enrolls…then ten more…and eventually hundreds, or even thousands.

These course creators are thrilled beyond belief. They never thought “lil’ old them” could be in demand like that.

The bottom line is this: You have hidden talents that the world needs you to share. 

You deserve to feel great about doing work you love. 

You can be the one who helps other people reach their goals. 

I 100% believe this.

That’s why I want you to take advantage of Teachable’s best deal of the year.

Not only do you have a chance to get annual access to Teachable for just $299 (saving $169), but in a couple of months, when you put in the effort, you’ll be able to ask yourself, “Who’s grateful for me?” And there will be a whole bunch of students excited to raise their hands. (And hey, you can be earning a pretty nice side-income as well.)

So if the idea of creating an online course excites you—if you’ve even thought about it for a second—you gotta check this deal out.

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ConvertKit –the platform I use to build an email following

It helps to have an email following. Subscribers are people who have a genuine interest in hearing what you have to say. They are a great group of people to connect to and if you are hoping to teach a particular topic to an audience, there is no better collection than your squad of subscribers.

My followers are amazing, supportive, interactive, and optimistic. They ask a lot of questions about budgeting, paying down student debt, and living a simple lifestyle. It is very gratifying to be able to help this community, and it is because of them that I continue to write.

Having an email following is also useful if you want to reach out to people en masse, or if you have something to share with like-minded folks. Convert Kit has an easy way of organizing people by category, so that those interested in simple living will not get emails about budgeting.

I would highly recommend Convert Kit to any online writer who wants to build a community.

There is a 30 day free trial for Convert Kit for those who are unsure about Convert Kit, but one thing is definite: do not wait to create an email following! It is something that I wish I did early on. It has brought me closer to my readers and has made my writing more meaningful, both to me and others.

After a year of trying it out, I have finally switched from a month-to-month subscription to an annual subscription today, thus saving me $86.

PicMonkey – the site I use to create banners for the blog and Pinterest

PicMonkey is an easy-to-use website for creatives using visual aids to accompany their work. It is especially useful for Pinterest if you want visually captivating banners. Most people who go to Pinterest are in search of something in particular. The ability to catch their attention and redirect them to what they are searching for is key.

Many bloggers underestimate Pinterest as a social media platform, but it is actually the most useful platform to bloggers. Imagery makes it easy to catch the attention of users who are searching for something, and the linking can redirect them to a specific blog post or page.

Off course, PicMonkey has other uses. I specifically use it to create banners for my website, or to create imagery that promotes my courses.

I will even use PicMonkey for personal things, such as invitations to parties or holiday cards. It’s as easy as Paint, but with more functions.

You can try PicMonkey for FREE for 7 days, and then decide if it’s useful to you.

Making Sense of Affiliate Marketing – the course I took that taught me how to monetize a blog

All of this, I learned from a course called Making Sense of Affiliate Marketing written on Teachable by Michelle Schroeder-Gardner. I have spoken extensively about how this course helped me monetize my blog, so if you are looking to invest in a course about blogging, I think this is it!

Off course, the final Cyber Monday deal that I’ve got to offer is one that is my own.

Get 75% OFF my course Mastering a Budget by doing the following:

  1. Subscribe to TheDebtist below

2. Follow TheDebtist on Instagram.

 

All subscribers and followers will receive a discount code in their inbox tomorrow that will give them 75% OFF of the course. This is my way of saying Thank You to all my followers. I couldn’t be here without you.

Also, I would like to open the conversation up to those who wish to see something different or new in 2020. Reach out to me below, or just say “Hi!”

Feature: How to Manage and Pay Off Multiple Credit Cards with Andrew Rombach

I LOVE credit cards. I think that credit cards are really useful when their perks are used efficiently, in things such as travel hacking for example. We use them frequently to fly to places around the world for free. However, my relationship with credit cards wasn’t always good. In fact, I used to hate them. My money egg story here explains how my perception of money was greatly shaped by my parents’ influence. At sixteen years old, they had me open a few credit cards under my name, and then maxed out those credit cards. By the time I was a freshman in college, I was getting letters in the mail saying that the credit card minimums are not being met and that my credit score was being affected. When I confronted my parents, their answers were “Don’t worry about it. We have it under control.” Since 2007, they had maxed out my cards at $20,000. Eventually, when I was 21 years old, I became brave enough to say “No more” and shut down all credit cards that they had access to so that they couldn’t keep using them. To this day, they still owe $8,000 towards that debt. This relationship with money is what made me fear my student loans, and it is eventually what propelled me to knock ’em down! Because this means that all this time, my parents were paying massive amounts of interest on credit card debt, and they still have not been able to pay it back. Credit cards have some of the highest interest rates and unless they are paid back in full at the end of every month, they only work to hurt your financial journey. Therefore, while I advocate the use of credit cards in order to propel you forward in reaching your finance goals, I also warn that you must have the wherewithal to be able to handle credit cards well. If you are starting from a place with existing credit card debt, my advice would be to work with all you’ve got to pay it down … OR COMMIT FINANCIAL SUICIDE! We don’t take credit card debt very lightly around here. So when Andrew Rombach from LENDEDU asked if he could share some tips with my readers, I was all on board. If you are struggling with paying off your credit cards, I hope you find some useful info in this post. 

Do you find yourself in the vicious cycle of trying to pay off your credit card debt? Do you have multiple cards and aren’t sure where to start? You’re not alone in that struggle. Credit card debt is a common problem for consumers. It’s all too easy to fall into. Just take a look at a few nationwide statistics.

According to the Federal Reserve, households in the United States owed a collective $999 billion in credit card or revolving debt by mid-2018. Some sources put average credit card debt at over $6,000 per consumer, and cardholders typically have 4 credit cards. That’s quite a hefty sum to deal with for any household, and if you find yourself in this situation, then you may find yourself stuck paying the minimum endlessly on several cards.

While getting out of excessive credit card debt is hard, it’s certainly not impossible. There are a few ways to manage your credit cards or transfer the debt that can save money, make your life simpler, or both. Check out a few of these tips if you want to find a different approach to your credit card debt.

Try Debt Consolidation Loans

A debt consolidation loan is basically a personal loan used to pay off various forms of debt, or credit cards in this case. To put it simply, you apply for and take out a loan from a bank or lender, which is usually unsecured. That loan pays off your credit card balances. Now you must make monthly installment payments on just one loan instead of various credit cards.

Consolidation loans provide the benefit of simplifying monthly payments to just one payment; plus, it adds certainty to repayment because you can stick to one repayment schedule with an end goal in sight. Furthermore, clearing your credit cards may lower your credit utilization ratio. Finally, a possible interest rate reduction on your debt could save money. This new debt consolidation loan comes with a new rate, so it could be lower than your credit cards depending on your credit.

A drawback is the eligibility requirements for a new personal loan. Lenders prefer applicants with a great credit profile and high income; in fact, those applicants are more likely to get lower interest rates. Also, remember to use newly-cleared credit cards wisely moving forward. You don’t want to be left with a loan balance and mounting credit card debt again.

Time Your Payments Accordingly

Some credit card debtors consider timing multiple monthly payments to save on interest. Interest cuts into your principle payments and extends the repayment process, but timing additional payments can help reduce your principal balance before interest accrues.

After making your monthly interest and principal payment, your interest balance should be lower moving forward. Before it accrues again, it may be worth making an extra payment on your cards. This will cut into the principal balance more significantly, and it also reduces the amount of interest paid on the next scheduled monthly payment.

On the negative side, not everyone has the extra cash to make a second payment each month. If you don’t have the money, then you may need to settle for another way to save money and expedite repayment. 

Try Either the Debt Avalanche or Snowball Method

The debt avalanche and snowball methods are two different ways to handle multiple credit cards over time, and neither requires taking out a loan or new credit card.

The avalanche method requires you to make large credit card payments on the account with the highest interest rate, while paying the minimum on all other accounts. After you pay off the high-interest credit card, you repeat the process with the next high-interest card.

It’s counterpart, the debt snowball method, works in a similar way, except you must prioritize low-balance credit cards. You would make larger payments on the credit card with the least debt and maintain the rest. When paid off, start paying more on the next low-balance card.

A major benefit of these methods is simply organization. They help you get on track with a plan of action. By prioritizing high-interest debt with debt avalanche, you’re paying off multiple debts more efficiently which should save money (eliminating high-interest debt reduce interest costs). With the snowball method, you can simplify repayment by cutting out low-balance cards from the equation. It’s generally accepted that avalanche saves more money than snowball, but that is still up for debate.

These methods are ideal because they require budgeting with your own cash (no loans involved), but this may also be a drawback because it’s very hard to pull off without the extra money for larger payments.

Balance Transfer Credit Card

If you opt for this method, you will take out a new credit card that comes with a lower interest rate, preferably a super-low or 0% rate during an introductory period. You then must transfer your credit card balance to this new card and begin repayment. It’s similar to debt consolidation, but the debt is transferred to another revolving account instead.

The point here is to get a lower interest rate on your credit card debt in order to save money. Ideally, you can get a zero-rate offer for up to a year or more which would save the most money. The goal is to pay your debt before that intro period is over.

Like with debt consolidation, you may be tempted to rack up more charges on a freed-up credit card. Remember that the debt doesn’t go away; you still need to pay it off. Also, balance transfer cards may be less suited for transferring multiple balances depending on your new credit limit.

Find the Method That Works Best for You

Each method offers its own set of benefits and drawbacks. One method could suit your budget perfectly, but another may not be the best fit. If you have the cash and organization skills, then maybe debt avalanche/snowball would work best. If your credit is stellar and you’re used to loans, a debt consolidation loan could be the solution.

Finding the method that works best for you is what matters most. Be honest with yourself and look at which style will best suit you – and then starting acting on it.

Andrew is a Content Associate for LendEDU – a website that helps consumers with their finances. He got his start in content and finance by writing all about credit cards. When he’s not working, you can find Andrew hiking or hanging with his cats Colby and Tobi.