Here is my December 2019 income report from side hustle.
This is to show you how much extra money you can make, because if I can so can you! Even if you only have limited time to dedicate to it.
By documenting my journey, I want to hold myself accountable, but also inspire you to start a side hustle, if you haven’t already.
(Want to see my previous results? Check out last month’s report here)
Why do you need an income from a side hustle?
We do it to achieve our long term goal to pay off the mortgage early.
Whatever your reasons (you might not have a big debt to pay back), extra money on the side can help with anything you want.
How to make money on the side
There are multiple ways to make money on the side: part time jobs, reselling your old stuff, matched betting, create and sell your crafts etc.
For the past few months I have been focussing on online surveys only, but this month for the first time I have introduced matched betting.
In the future, I would like to introduce additional streams of income and start tackling our debt with some of the money we make!
What is matched betting?
As wikipedia states:
Mаtched bеtting is a bеtting technique used by individuals to profit from the free bets and incentives offered by bookmakers. It is generally considered risk-free as it is based on the application of a mathematical equation rather than chance. (Read full details on the Wikipedia website)
Initially, that seemed like gambling to me and for a while I was quite dubious. I used to think it was either illegal or way too complicated for me, as I don’t like sports and I am not very good with maths.
Turns out none of these are true.
Thanks to a recommendation on Instagram, I signed up for a free trial with Oddsmonkey and I made around £40 profit from the free training.
That definitely convinced me to sign up for a premium account!
What is an online survey app?
Survey apps pay you a few pennies or a pound for completing small tasks, such as a survey, uploading a receipt or reviewing a product.
Therefore, to make some money, they require some commitment and investment in terms of time, and we all know how hard it can be if you have a busy life.
Snap my Eats gives you £1.00 Amazon e-Gift code for every three receipts you upload on their app.
Attapoll, Curious Cat, One Pulse and Qmee are survey apps, where you get points for completing surveys, that are then converted into cash.
Certainly, this side hustle can be extremely profitable if you can dedicate some time to it. However, my results are based on sporadic use of a few days per month for a few minutes each time, I would estimate a total of a couple of hours per month.
My side hustle results for December 2019
Curious cat = £ 12.68
Qmee = £ 1.31
Attapoll = £ 3.06
Snap my eats = £ 5.00
One pulse = £ 11.15
Sign up offers from bookmakers = £147
It’s fair to add the Premium Account cost which I have happily paid when my free trial ended and it cost £ 18.99 in total (£ 1.00 intro offer for a week + £ 17.99 monthly fee)
Total is £161.21
What about you, do you have any side hustles?