Side Hustle Report April 2017

May 5, 2017

Written by Nicole

Welcome to April’s side hustle report! So, this is my first time sharing any sort of income stats on the blog. For the past two years, I have been creating debt free and budget-related videos on YouTube and I specifically chose NOT to share details about my income. I made that decision for two reasons.

One, it’s very personal. Honestly I don’t mind sharing the information with complete strangers, but there are people in my “real” life that watch my videos (and now read the blog) and it’s somehow more difficult to share the specifics with people I know (does that make sense?).

Two, it can be a stumbling block or a mental barrier for others. People might mistakenly assume that they need to earn a certain amount, or earn what I earn, in order to get out of debt.

Recently I have decided to commit to posting side hustle reports monthly as a way to stay accountable with my extra income. Side hustle income was a major contributor to the elimination of over $90,000 of student loan debt. I made the last payment on that debt in August of 2016 and in that time I slowed my side hustles down a bit so that I could catch my breath. SIGH…

But now it’s time to ramp up my side hustle efforts again. I am faced with the upcoming loss of my full-time job and I need to build up  the emergency fund and get a few months ahead on my fixed expenses. So I’ve made the decision to be a bit more transparent in the process.

I have decided to share this information to:

1. Help keep myself accountable with the side income. It’s easy to just look at side hustle income as extra cash that I can blow on things I probably don’t need anyway.

2. To encourage others to get their side hustle on in order to accelerate debt payoff and advance other financial goals. Side hustles can help you improve cash flow, stop living paycheck to paycheck, or build up a fully-funded emergency fund. Multiple streams of income also help decrease your dependence on your full-time paycheck. Wouldn’t it be nice to be your own boss one day? That will never happen unless you (we) get creative, start putting in the work, and make our dreams a reality.

What are my side hustles?

My budget is based upon my full-time income and my husband’s income. Anything above those earnings is considered extra because I don’t need it to make ends meet. In addition to my full-time job as a college professor I dabble in several other pursuits:

1. Teaching online courses for colleges and universities– I have been teaching online since 2009. Mostly health related courses. As I gained more experience I qualified for more jobs. In 2009 the economy was in the toilet and a lot of people were going back to school because they were out of work. This stream of income skyrocketed which helped me pay off all of the debt I accrued in graduate school. As the economy improved, opportunities were not as abundant but I still make a healthy side income.

2. Part-time hospital job– I maintain my certification as a physician assistant and see patients at a local hospital on an as-needed basis. These are normally 10-12 hour shifts.

3. T-shirt business– just started this income stream so it hasn’t turned a profit just yet. Any money that comes in from sales is just recovering my upfront start-up costs.

4. YouTube– my YouTube channel is linked to a Google Adsense account which allows me to earn a small amount of money from the ads that run before my video starts. I know it’s tempting to skip the ads, especially the really annoying ones but if you watch until the end it actually helps to support your favorite YouTubers. Just something to ponder.

5. Blog/consulting/speaking– I’m working to build up this side hustle. The blog is not yet monetized but I am working on developing affiliate relationships in order to change that. Another side hustle is personal finance coaching. Unfortunately, I have not done a good job of letting people know that I offer these services. Natural salesperson, I’m not. So I tend not to put myself out there as much as I could to generate business. Helping people is natural to me so I find myself offering one-on-one help to people for free. I gotta do better in these areas.

Enough rambling..this is probably what you came here for.

Here is what I brought in from my side hustles during the month of April.

With the exception of the Google Adsense money, these numbers are take-home pay after taxes.

Online teaching– $1,161.05

Hospital Job– $854.35

YouTube/Google Adsense– $221.98

T-shirt sales: $117.00

Total: $2,354.38

When earning extra income it is critical to name EVERY dollar, meaning every dollar should have a specific purpose. Money that isn’t specifically designated for a purpose, such as saving, investing, paying off debt for example, will most likely be spent on stuff that doesn’t matter.

What do I plan to do with my side hustle money this month? I will return my tithe and offering off the top and as for the remainder…

My goals for this additional money are:

1. Invest the majority of this money into my business. T-shirt inventory needs to be increased as I am running low on a few sizes. I am also working on developing an online money management course and need to purchase some tools to get that under development. Approximately $1,500

2. Cushion my emergency fund. I am on track to complete Baby Step 3 (fully funded emergency fund) by the end of 2017. Approximately $500.00

I hope to make these reports a regular feature here on the blog so be sure to subscribe for updates.

What are your side hustles?


What are your goals for the extra income?

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  1. Charlene Covington

    First, you are awesome! 2nd, thanks for sharing this with us (really your transparency is honorable and I believe it will reward you greatly one day real soon)! Now 3rd, side hustle – yeah, I have one but I have been real slack at it. I need to invest but I am not sure “how much” to invest, I guess I need to figure out “how much I want or need to make right? Any & all suggestions are welcome.

    • FrugalChicLife

      Thanks Charlene!! My recommendation would be to determine what your financial goals are first. Once you do that you will be able to better determine which investment vehicle you want to use based on the time frame for the goal. Without knowing the details of your situation, a Roth IRA might be a good place to start investing assuming you are already contributing to retirement through your employer.

  2. Michelle

    I’m so proud of you. Girl, make that money.

    • FrugalChicLife

      Thank you Michelle!

  3. Adrianna Smith

    Hi! I recently started following you and I absolutely love it! You’ve been such an inspiration. I to work full time in the health care field and have wanted to start a tshirt company for some time, but I haven’t been able to find any direction in successfully starting this up. You mentioned that you consult, how would I find out more about possibly setting up a consulting/coaching session with you? Any advice on where you started with your own pre- business research..YouTube videos etc. Thank you!

    • Nicole Hatcher

      Hi Adrianna! I’m glad that you find the information helpful. As for the t-shirt company I wish I could say that I had a plan before I did it lol. But I really didn’t. I just had the idea and started with a few designs that I knew would appeal to the audience that I already had through my YouTube channel. Then I started wearing them in my videos. As people starting asking about them I figured I had better get my blog/website up and running (something I had been wanting to do for a while). It’s a small operation for now but I’m hoping it will continue to grow! I do personal finance coaching/consulting to help individuals get their finances in order. We can certainly discuss in more detail. You can send me a message through the contact page or via email to discuss the specifics of what you are looking for.


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