Welcome to my side hustle report for June 2017! I posted my first side hustle report in April of this year (2017) and got a lot of great feedback. So for now I plan to make these postings a regular monthly feature on the blog.  If you are new to the blog my name is Nicole and I am a lover of all things personal finance. I create videos about financial freedom, budgeting, and frugal living on Youtube so if you like what you see I hope that you stick around for more.

I absolutely love side hustling! Side hustling 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.

What is a Side Hustle?

To me, a side hustle is any income earned outside of my full-time salary. For example, income from a side business or a part-time job. I truly believe that side hustles are the secret weapon in our financial arsenal.

But, before you run out and get three more jobs, remember that more money isn’t always the answer. 

I firmly believe that you must fix your money mindset before you can truly transform your finances. Otherwise, you will continue to make the same mistakes with the new money that you earn. Before diving headfirst into side hustling I would recommend:

After paying off the debt I slowed my side hustling for a brief time so that I could catch my breath. Between my full-time job and my multiple streams of income, I had become accustomed to working 50-hour workweeks. I am also a type-A workaholic so it’s easy for me to get lost in my work.

But now I’m ramping my efforts up again. I’m losing my job as of May 2018.

Wow..just writing that causes some anxiety. May 2018 is just 10 short months away. I am a college professor (non-tenured) and at the end of the 2017-2018 academic year, the department that I work for will be closing. On the bright side, I will no longer have an hour-long commute. I also am extremely blessed in that I have over a year to prepare my finances for the job loss. One major component of my strategy is to increase my side income, build my emergency fund, and get ahead on bills. 

Why am I sharing this?

It will help keep me 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 don’t need.

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. The ability to earn multiple streams of income is one of the 10 Habits of Self-Made Millionaires. 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?

**If you are new here keep reading, otherwise, feel free to skip to the next section.

My full-time income and my husband’s income serve as the basis for our monthly budget. 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:


Teaching online courses for colleges and universities

I’ve 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.


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.


T-shirt business

I 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.



A Google Adsense account is linked to the YouTube channel.  This 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.



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. I am working on building a coaching page to the blog to get the word out.

Now that you’re up to speed..here is the nitty-gritty..probably what you came here for.

Side Hustle Income July 2017

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

Online teaching– $3,149.83

Hospital Job– $1943.59

YouTube/Google Adsense– $262.98

T-shirt sales: $36.00

Total: $5,392.40

Click here to see last month’s report.

I’m very pleased with my progress. The summer months are usually great months for me financially. Being a university professor allows me a ton of free time and opportunity to earn additional money in the summer.

Income Plans for July 2017

Note: I always return my tithe and offering off the top. No ifs, ands, or buts.

My goals for the remaining money are as follows:

  • Continue to build my emergency fund. I am on track to complete Baby Step 3 (fully-funded emergency fund) before the end of 2017 the summer of 2017. My goal is $20,000. 

Side Hustle Income vs. Passive Income

One of the major downsides to my side hustle strategy is that most of the side jobs provide active income. This means that I am trading time for money. Although I earn a great deal of income from side hustling, it requires me to put in a lot of work which means hours away from my family. My plan for the future is to develop more sources of passive income, meaning I will be able to earn money in my sleep! I plan to do this by growing my investment portfolio and investing in rental properties.

Tips for Side Hustle Success

1. Don’t forget to keep an eye on your tax situation. The year after I began side hustling heavily we owed Uncle Sam a lot of money because we jumped a tax bracket and I hadn’t noticed! Don’t be afraid of a higher tax bill. I will take Bill Gate’s take bill if I can earn Bill Gate’s money.  Consider consulting a tax professional to help you figure out your withholdings and prepare for the increase in income.

2. Side hustling can be addictive. Earning more money is great but in many cases, it involves trading time for money. Extra hours worked means time away from family and the other things that are important to you. Remember to give yourself a break and enjoy free time when you can. There is a time to hustle and a time for rest and relaxation. As I continue on the journey to financial freedom I will be working on increasing my passive income (rental properties, investments) so that I can minimize the number of hours that I am actively working away from home.

3. Don’t view it as “extra money”. Extra money has a casual connotation. There is no intentionality behind “extra money”. When earning additional 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. Ensure that you handle this money in a way that aligns with your SMART financial goals.

What are your side hustles? What are your goals for the extra income?

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Managing money, while balancing work, kids, and multiple responsibilities can be stressful, overwhelming, and frustrating. But the good news is, you’re not in this alone. Together, let’s embrace the beauty of financial freedom so that we can work less, and live more!

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