Hey everyone,
I absolutely love the topic of side hustles and how people can take their hobbies or free time and turn it into a fast track to get out of debt, reach FI sooner, or even pay for vacations or other experiences that add value to one's life.
Personally, outside of my office job I teach tennis lessons to the tune of $40/hour and string rackets which nets roughly $10 a pop. I am also a distributor of tennis string, so I am able to make commission from sales once in a blue moon.
Depending on how available I make myself, I can easily bring in upwards of $500 in extra income per month. My best was $1,100 one month. This has actually paid for a 17 day vacation I took to Europe earlier this year and will pay for a much shorter trip to Melbourne next January without ever having to touch my work income. After Melbourne, I'll chill out on the travel and start pouring it towards FI. It also covers any of my personal tennis expenses like replacing shoes, team fees, tournaments, etc.
So, I guess my questions to the general audience are as follows:
1) What is your side hustle and how much does it bring in?
2) If you are considering a side hustle, what rate of pay would make it worthwhile?
>Are you happy with minimum wage?
3) How much extra are you trying to make per week or per month? Are you aiming for an extra $100, $200, $50 per week?
4) How many hours per week would you be willing to put towards your side hustle/second job?
5) How long could you see yourself doing it for before experiencing burnout?
6) What have you accomplished through your side hustle thus far?
Can't wait to hear what you have to say! I'm wondering how many Uber or Lyft drivers will chime in.