Hi OZB community
I am after some ideas to earn some extra income each week. I am only thinking $100 per week and would ideally like something that is flexible as I have 2 children under 3.
I have thought about doing some bar work on weekends but I would prefer something more flexible that I could do throughout the week.
I look forward to hearing your suggestions
Cheers
Benny
do something strange for some change?
Isn't that just OnlyFans with extra steps?
$10
The answer is gig economy food delivery. Preferably on a bicycle to reduce costs.
And drop the now redundant gym membership.
Savage.
With DIY e-bike set on Ebay, house solar panel set up, cancel your gym membership, get $100 easy!
whats gig econ ?
Food delivery paid by job rather than fixed salary (e.g. Uber Eats).
Any qualifications or skills?
Like nunchuck skills, or bow hunting skills?
Like they could be a teacher or have hospitality skills or can use a sewing machine?
Computer hacking skills!
Tina, you fat lard, come get some dinner!
Gosh!
I have a degree in Commerce and currently work in Finance at a University
Tutoring
Mc Donalds?
I actually thought of doing that as a side hustle actually. But fatigue was starting to catch up with me. I actually don't mind working in a fast pace environment
Tutoring in Accounting or Business for Year 12 would be easy. $45ph give or take. Connect with a local organisation.
I wouldn’t mind doing some online marking or something similar but I couldn’t find any information on this.
@PTG Benny: Not sure about NSW but SA marking/moderation doesn't kick in until November and the pay is terrible (teachers do it to pad resumes not to earn)
Might be tutoring companies that offer those types of services? Most I know of are f2f and set own assessments/work with schools.
@Benoffie: Given he is working at a University, tutoring and marking pay very well at Uni. Hell I was getting $45 an hour for that 30 years ago. My wife currently gets $100 an hour for private art lessons (does up to 5 or 6 hours a week). private tutoring/marking can be very profitable, however it tends to be seasonal.
@gromit: I can only comment on tutoring school students. I'm sure if the OP has the wherewithal to figure out the university tutoring environment, they could manage it.
@PTG Benny: If you have a Cert IV in TAE then you could do online marking in vocational education. Depending on the size of the training provider the compensation could be anywhere between $30.00 to $80.00.
You could also get some work making assessments and learning content in the same field. The payrate would be similar for this jkind of work as well.
Creating Udemy course could be another option but the voc ed gig has a higher probability of actually generating real money for you.
How about checking out Airtasker or Upwork for bookkeeping gigs you can do at home - as much or as little work as you like and flexibility to work around your family commitments? :-)
People on Airtasker pay you so little for the amount of work needed
@dione: Manage your pay expectations then or look for another side hustle. If side hustles made big bucks, everyone would be doing it and would quit their day jobs. But there's a reason why they're called side hustles.
Investing in Bitcoin use social goods etc.
Or credit card churning
Why socialgoods especially?
At the moment you get $200 signup bonus for referrals and 50 percent back via eBay.
This got me curious. Have you got any starters tutorial or links to read up on for this by any chance?
Don't touch social good - can't get your money out!
Or if you have some savings and want to go low risk, buy stablecoins and stake them for 20-30% interest. If you only want $100/week then all you need is to put $20,800 in.
This is virtually effort free. It'll only take you a few hours to understand and set up all the wallets/exchanges/bank account connections, after that you can close your eyes and wait for the 20% interest to roll in. If you want to put in some more effort and spend 5 minutes every few days, you can get up to 30% reliably.
Low risk.. 20-30%……
A lot of ozbargain hasn't heard of anchor protocol it seems.
It's understandable. They prefer ETFs with 7% returns.
@rektrading: or maybe its possible we have heard of ponzi scheme and these crypto staking scheme with 20% -30% interest sound a lot like ponzi schemes to us.
Glad to see another VET supporter in the wild!
What platforms offer 20-30 interest% At such a return, it goes against the general idea of low risk. Would be interested to know so I can look into them.
https://coindix.com/?kind=stable&sort=-apy
% are getting lower and lower, and you need to move your money quite a bit, but it is still possible
@supersabroso +1 respect for being a fellow VeChain fan,
However I have never seen 20-30% APR or APY on a stable coin, I very much doubt that's even viable long-term.
Also lets not forget what happened to Celcius and they were offering 8% (10% during special events). The only stables I would ever invest into is BUSD and USDC as they are less likely to depeg and follow SEC regulation, although BUSD apparently temporarily depegged from the US Dollar the other week when Binance had a little mini bank run.
Personally I wouldn't suggest Crypto as a second-source of income, because as most of us know the market (and the economy) isn't exactly stable right now. 98% of traders get rekt.
Or credit card churning
can only do so much before credit rating tanks and no one approves you for a credit card (source: been through that)
why would it tank
whats socialgood ?
if you are a good cook, make multiples of the dish everyone raves about and freeze portions of it or refrigerate for heat/eat
talk to a number of friends, soon get a nice side going
make it restaurant quality but a take away price
You need a health certificate for that
Not sure that those selling on Facebook marketplace have any health certificates or special kitchen areas. If you ask the question of them you will usually ether get blocked or ignored…..
Some do, some don’t, but quantumcat is right it’s illegal and if you get caught you get fined. That’s why many just have a group of invited people they sell to. But it’s definitely a risk. Cooking meals is probably quite a risky one in terms of liability too since it’s a higher chance of someone getting food poisoning. A friend of mine does it but it’s just baked goods, so less change of making people sick, which would draw attention of the health authorities.
@morse: A friend of mine had their home kitchen certified to bake biscuits. It is a lot of paperwork but certainly doable. There are also labelling requirements that need to be met.
@greatlamp: Depends on the LGA. The certification for baked goods is a fair bit simpler than for food involving meat.
no you dont
yes you do https://www.foodstandards.gov.au/foodsafety/standards/Pages/…
it depends on scale and other details
No it doesn't
"If you’re a home-based food business, you need to meet the same food safety requirements as other food businesses—regardless of the size of your business or how often you sell food. "
Curious as to why you just make this up and think it's not easy to Google with five seconds?
You also need local council approval to sell from a home kitchen
or you could become a youtube chef and make videos of you cooking various dishes
Salary sacrifice scam where you sac for a top of the line iphone 13 pro max and then attempt to figure out how to offload it at 5% off rrp for cash?
.#meta
I am only thinking $100 per week and would ideally like something that is flexible as I have 2 children under 3.
Stick with playing with your babies. You can always make money later when they grow up and stop playing with you.
or take them along, depending on the hustle.
fammmy business
I’m going to say the boring thing and upskill your main job, go for pay rises or career change.
When the kids are little, the worst thing in the world is time away from them to get some extra cash.
My father in law ended up in the high ranks of the public service, plenty of cash, fat pension. But he drove a cab on weekends when his kids were young. He had heaps of time for them when there were grown ups, but it was not the same.
I’m poorer than he, but I trained my kids sport, turned up at assemblies, took them camping.
My kids are older now, we hang out together a lot. There is enough money. I love ‘em, they love me. Feels good.
We don’t have a beach house, but we can airbnb one and it is pretty cool. Every day there is an article in the paper about people owning vast sums of money and real estate, and it makes me think, if I worked more when my kids were little, I might have a beach house that maybe they would come to. But every article doesn;t say how their relationship with their family is better because of it. It is very quiet, or sometimes mentions a divorce.
My lifestyle doesn’t sell papers, it is too drama free and nice.
Well said. These responses have certainly got me thinking.
I’m same train of thought… but sometimes I think gee it would be a lot better to be crying in a souped up lambo
Do you need to soup up a lambo?
If I had the cash for a lambo u bet I’m getting all the upgrades
@WhyAmICommenting: or you have too much to spare just boil it. The tyre would taste better than shoes, with a tinge of gravel and oil. Other parts are nothing quite like it.
Drinking soup in the lambo because that's all he can afford after.
Have you considered becoming an investment banker?
Nah. They're being replaced by code in 2022 and beyond.
Banking Industry Cuts Millions of Jobs Forced by AI and Digitization in Banking
Alex & Linda • 6 min read
https://www.theuxda.com/blog/banks-will-cut-millions-of-jobs…Banks could soon suffer massive wave of job losses, analysts say
BY KHRISTOPHER J. BROOKS UPDATED ON: OCTOBER 1, 2021 / 5:20 PM / MONEYWATCH
https://www.cbsnews.com/news/banking-100000-jobs-wells-fargo…
this comment makes me sad about my weekend job. I do really need to spend some time with my 4yrs old son. thanks, Mskeggs.
Don't be sad.
Sometimes it is necessary to get some more money.
When I was in primary school my Dad occasionally cleaned rentals when the tenants left it a mess. We'd come along and push a vacuum, and explore the stuff people left behind. It was cool,and I found a pocket radio once.
He also did some window cleaning and I came along sometimes as a 7yro. It was just after dawn, and we had toast and quiet breakfast so we wouldn't wake mum and my sister. One place was the pinball/arcade machine factory/showroom. That was cool.
And when I was a teenager, he sub-contracted some assembly work for spa motors, which involved riveting a few pieces together and crimping a wire harness together. Doing some of that got me some pocket money.
Those were cool and interesting things to learn about with my Dad. Looking back, I didn't need days at Luna Park all the time (well, twice when I was a kid and once to SeaWorld.).
But it wasn't my Dad disappearing on weekends like all day during the week.
Later our family had retail businesses, so it was normal to pitch in together.
Huh. I haven't thought about some of this for 40 years. Nice. I'll give the old bloke a call later and remind him of it.
Oh man what great honest insight and delightful stories you have with your parents. It sounds like you guys had it right growing up. Kudos to your parents.
Can I have my pocket radio back thanks
Mate you have a great childhood! Thanks for sharing this to us!
Yeah, naah, dont worry. Have seen many adults who wish their old man would have slogged a bit so they could of been more comfortable. Many think the dad was just lazy. So, there's that.
Totally agree
While I wholeheartedly agree with this and the world could use more parents spending more time with their kids, you could go overboard with this too.
Make sure you still have a life without your kids as well, as they will grow up and start having their own one day as well.
Love this comment and agree completely.
All those extra things money buys are nice but they are not what you really remember as a kid. You remember if your dad was present. Did he bathe you, feed you, play with you. Did he model a loving supportive partnership with your mum (were they happy!!!)? Was he there for you every day to support and love you?
I’m not against OP picking up extra work…my own father managed to be very present but often worked 60 hour weeks simply for us to survive - not for extra perks. He was fortunate he could work to his own schedule though which meant he was home at the hours we (and mum!) needed him most.
But you definitely have to think it through and balance it carefully.
OP I’d suggest ironing or cleaning as side gigs you may be able to work your own hours around.
Thst was a great post it’s not all about the money to sum it up.
I think ur suggesting the relationships of those mega rich with the beach house have come as a consequence which I don’t know about. I think it’s cause and effect they would probably have the same terrible relationships regardless of beach house or not imo but now I’m the one insinuating. Could be their relationships are strengthened in some way and they appreciate it more.
I worked a 7 day roster when my kids were young, it worked to a degree when it came to caring for kids while my partner worked, but around the 5yo mark i gave it away for a 9-5 role so i could be involved in their sports. Got the 'joy' of scoring cricket, goal umpiring football and all the other jobs that come up. Worth taking the 20%ish pay cut in my opinion
Well said. I did the same.
Agreed, it's better to just excel at one thing and then let your money do the work for you. Side hustles just detract from your main job and your lifestyle for the vast majority of people.
Defi yield farming with stablecoins at 25% interest is the way to go, relatively low risk, nearly zero effort. This is the future, don't be like David Letterman mocking Bill Gates about how dumb the internet was in 1995.
From my 10.5 months of experience in crypto, this would have made more money for me than trading risky crypto assets like bitcoin, eth or anything else. If only I discovered this earlier, now you get to know from the start.
Lol. Don’t think the Internet being important doesn’t mean stable coins aren’t the CB radio of the 2020s.
The question is easy for people considering putting money into crypto. If you were around when the Dutch tulip craze took off, would you have bought in?
A lot of people will say ‘no’, too risky to lose all my money. Some will say, ‘you bet’ and they may or may not make profits. And some will dither until they see the flower prices get to crazy levels and decide they need to join in - just in time to cop the losses.
Everyone gets to pick, but it didn’t mean tulips were the future back then.
If you were around when the Dutch tulip craze took off, would you have bought in?
I get more bullish every time people brings up tulips.
I DCA, zoom out, sit on my hands and practice patience.
@rektrading: How many tulips are you still holding? Will they be retesting past highs any time soon?
If you don’t like tulips as an example, how about South Seas stock, or Poseidon nickel or pets.com stock?
Tulips, nickel mines, exclusive trading zones and Internet retailing are all useful and retain some value. But they all were massively, massively over valued, and joining the party too late was a recipe for huge losses.
It is trivially easy to see crypto is the same. Everybody who says the technology is world changing doesn’t understand how technology works.
Even if distributed ledger/computing brings advantages that are lasting (against the threats of regulation etc,) then the technology can be simply copied. If the RBA or CCP decides there is an advantage in using crypto for interbank exchange, I can guarantee you they won’t use an existing coin.
If Goldman Sachs sees advantage in using a DAO to distribute some application, it would be literally stupid for them to use Eth or another costly token, when they can run their own for free.
If somebody wanted to assure they hold the correct IP rights to use an image, they would be the most amateur of fools to use an NFT.
I didn’t have anything against crypto until I saw its vast environmental cost, and large crime footprint. So it isn’t even like it is “whatever”. Crypto is actively making the world a worse place. Maybe there will be a final spurt up, which is pretty normal in bubbles, or maybe there won’t. But sooner or later the music will stop - so buying and holding is not a way to make money, because eventually you’ll be left holding the bag.
@mskeggs: My lowest-performing tulip is up 58% YoY. The highest performing tulip is 7200% YoY.
Like I said.
I DCA, zoom out, sit on my hands and practice patience.
May I ask what platform pays 25% for Defi yield farming?
Where to start research of Defi yield farming? Any reliable recommendations?
I logged in to upvote this, excellent!
$100 a week, just budget harder and enjoy family life.
Agree, could achieve this with little pain.
Some ideas if OP is not doing already:
*Use Aldi (mamia) nappies and wipes, not huggies or other brands. Great products, made in Oz and about a third cheaper. Two kids in nappies could easily save a couple of hundred a year
*Don't buy takeaway coffee, make your own
*Eat out less
*Make sure you're getting the best price on your utilities - internet, gas, electricity etc. See energymadeeasy.gov.au
*Know when your electricity is peak/shoulder/off peak if applicable. For instance, i will not do a load of washing or run the dishwasher during peak hours.
Check insurances every damned year too!
yes, also if you had your car is no longer under finance (incl salary packaging) you need to inform the insurance company, the premium will drop, maybe by $20, but financed car insurance is higher.
You are assuming OP is not already doing all of this. There may be a reason why they specifically need the extra money in pocket, eg need to upgrade car, need to pay off a debt etc. But yes with 2 kids if they use childcare all that may happen is the extra money gets eaten up by less CCB
Deuce Bigalow Male Gigolo?