I feel like I’ve been hammering on the frugal topics a lot lately so let’s take a look at the other side of the coin today. Being frugal is good, but you also need to make more money to be able to save more. December is a tough month with Christmas shopping, winter break, and holiday parties. Most of us probably are going to spend a bit more than usual. It’s a good idea to hustle on the side and bring in some extra income to help out. Here are my side hustles this month.
IPO stocks via Loyal3 – $30
Loyal3 is a new stock broker. They operate quite a bit differently than traditional stock brokers. They target beginner investors and make it very easy to start investing. You can pick from 64 (currently) well know companies such as Target, Apple, and Coca Cola. You don’t have to pay a transaction fee, but the trade is not real time. They bundle all their trades together and execute the order once per day. The good thing is that you can start with as little as $10. It’s a great way to start investing in stock if you don’t have much money.
They also occasionally offer a chance to invest in an IPO (initial public offering.) I signed up for this and was able to invest in STOR (STORE Capital) when they had their IPO. You can invest from $100 up to $10,000. I requested $2,000, but only was allocated $336 worth of stocks. I flipped the stocks a few days later for a quick 8% gain. The profit is only about $30. It would be nice if I could get more shares. I think they offer IPO once every few months or so.
You can sign up with Loyal3 through the affiliate banner below if you’re interested. It’s pretty easy to get started. You just need your routing and checking account numbers. They used to let you buy stocks with a credit card, but that’s been discontinued.
Disclaimer as suggested by a reader – The sinful, casino-gambling, lotto-ticket-buying hobbies are better to be avoided, rather than emulated, as a “side hustle”.
Buying IPO stocks is risky and you could easily lose your investment. Most people would be better off sticking with solid low cost funds and ETFs.
Craigslist – $180
Mrs. RB40 is getting mad at the Craigslist no shows. She listed a bunch of stuff and only sold an old monitor ($10) and printer ($10) so far. Things like these are taking up a lot of space at home and we need to get rid of them.
I’m paring down my ukulele collection. I have 7 ukes and I don’t play them much anymore. I’m listing 4 on Craigslist and only keeping my 3 favorite ones. Hooray! I got lucky and sold my cedar top uke ($160) on first day. The guy must have been looking for a tenor uke with a pickup – serendipity! The other ones probably will be on Craigslist for a while.
Lunch Bunch – $42
At the co-op preschool, you can volunteer to help out at lunch and get credit for 3 sessions. Each lunch bunch cost $7 so that’s $21 each time you volunteer for lunch. In December, we’ll be the parent helper for 2 days so we signed up to do lunch bunch as well. The kid would throw a fit if I’m helping in class and then leave during lunch. He is still pretty attached to us. Anyway, this will save us $42 so that’s not bad for two hours of hanging out with the kids.
Dumpster Diving – $15
We live in a tower and our dumpster is in the garage. One day, on the way back from preschool there was a humongous wreath right next to the dumpster. (I guess it’s not really dumpster diving unless you get in there). Just the other day, Mrs. RB40 mentioned that she wanted to get a wreath so I was contemplating picking it up. It was so big, though. I was about to pass it up, but RB40 junior insisted that we bring it up. It barely fit on our door, but Mrs. RB40 seems to like it. She thinks it’s probably from a department store or something like that. Anyway, that saved us around $10.
We also grabbed a reading light from the dumpster another day. This one is perfect for bedtime stories. It’s not too bright and you can focus it on the book. I’ll call it $5.
December Side Hustle
$267 is pretty good for not a lot of effort. Well, Craigslist is a bit of a pain. We’ll take more photos this weekend and list more stuff. We don’t have a lot of time so this is pretty much all we can do for side hustle. I’m sure you can make much more money picking up a holiday shift or something like that.
What’s your side hustle for December?
Passive income is the key to early retirement. This year, Joe is increasing his investment in real estate with CrowdStreet. He can invest in projects across the U.S. and diversify his real estate portfolio. There are many interesting projects available so sign up and check them out.
Joe also highly recommends Personal Capital for DIY investors. He logs on to Personal Capital almost daily to check his cash flow and net worth. They have many useful tools that will help DIY investors analyze their portfolio and plan for retirement.