Interesting to see if anyone here has a pet project which gives you a yearly income?
I am doing Lego investing and food delivery at the moment. Year to date I have taking in around $30k so far.
What is everyone else doing?
Do You Have a Pet Project That Brings in Income?
Aerith-Waifu on 12/10/2023 - 16:08
Last edited 12/10/2023 - 17:21 by 1 other user
Last edited 12/10/2023 - 17:21 by 1 other user
Comments
Side gig unless it's all cash money it's impossible to avoid. For me both are taxable unfortunately, it will be adjusted into my regular income
ATO should offer dob in bounties, that would be a good side hustle!
Yes!
So should centrelink and medicare
But what is the point when they dont act on the tip offs.
Ive reported to medicare for no reward whatsoever - and they did @&#% all as far as i know
Why bother "invest"" in Lego when you get can get 7-10% in index funds? Surely meeting up with people, advertising your crap online and finding what you want in store is not worth the effort.
Which index fund gives you 10% yearly return now? Please share?
VGS has increased 52% in the past 5 years.
Not gonna happen again I am sure off.
FMG shares is paying dividends of around 12% if you factor in the franking as a comparison.
@Aerith-Waifu: For what it is worth, S&P 500 has returned over 10% per year since inception (1957) - higher than 52% in 5 years.
What’s VGS? I’m gonna guess VanGuard shares but never know I could be wrong
@onetwothreefour: Awesome, thanks. Will look into it a little bit more. Sounds like it had a great last 5 years!
Nasdaq has returned 12% pa for the last decade, asx200 about 9%, 12% s&p 500. Past performance is not an indicator of future performance.
Does asx200 has a code I can have a look? I got some VAS the other day.
Or do a real PET project like walking dogs for other people
Dog walking
And you get paid? Like $20 per walk or something?
Like $20 per walk or something?
… per dog.
They don't walk just one at a time.
And then they have to pay for vet bills when they fight each other, or hospital bills when they form a pack and maul them?
That sounds really good to be honest
Pre revenue
Just testing on my own dogs first.
I am doing Lego investing taking in around $30k
please share the story just the lego partYes been doing this for awhile now, now it's much harder when you can get 5% yearly return on bank deposit
Before Lepin was raided it was a good cheap investment alternative to Lego because the quality was 95% there and sets like the Wild West fort had demand.
I go to clear by tow zones. And ask people for 50 dollars to alert them when their car is about to be towed.
Learnt this trick from a gypsy in Europe who taught me I needed to validate my ticket before boarding.
Unfortunately I didn't give her change.
This is a first for me to even hear about it….thanks for sharing
The logistics of your first paragraph do not make sense.
Lego investing? Like, same as collecting collectible cards?
https://brickfact.com/blog/investment/these-lego-sets-triple…
From 39 to…120.
30k, that's a lot of Lego buying and selling. I'd imagine most are coming from food delivery.
Lego investing . Selling chinese Lego to people.
Lepin I thought was no more now?
Problem now is Lego is releasing the sets too fast and retire them too late. So an average of say 3 year hold can easily turn to a 5 year plus investment. Which is t ideal when you can get 5% from the bank easy
My current side hustle is doing VHS/Old Camera Tapes/DVDs/Photos/Slides digitising - mostly just for coworkers and friends for way cheaper than the commerical places.
Wasn't about making money though, just helping out friends…Thanks for sharing
What was your outlay for the VHS equipment? You need some pretty high end gear to get the best quality from tapes. I started doing this (for myself) and ended up outsourcing it.
For the capture card I've got an Elgato Video Capture and one I got off Amazon for fairly cheap - they both have pretty acceptable quality.
For the players - My Dad had 5 VHS players, so I borrowed them, learned how to clean the heads properly and use them.As for the "you need pretty high end gear to get the best quality"… I've thought about this a few times and here's where I ended up:
1. I can get reasonably good quality with the tools I have - upgrading my gear to the $1000+ VHS players and the proper blackmagic gear that can get that last 10% of archive quality would make it not feasible unless I was going to make it full on side hustle.
2. If I charge too much - people are going to say "Oh that's too much, I won't worry about it" - then the memories are lost forever… A 90% quality job is better than none done at all!
3. A lot of the professional places I've seen actually just use a whole bunch of normal VHS players and standard capture cards like the Elgato Video Capture - they don't use the high end archival gear.
4. Dirty tapes can "contaminate" your players (so much mould on the tapes) - so you have to open them up and clean the heads moderately often. I'd be hesitant to risk that on a $1000+ player - and having a whole bunch of players means I can just swap to another one.Anyway - I've come to terms with the fact that I can't do a perfect archival quality job, but I believe I can do a very good job with the tools I have.
I'm feeling introspective and I think I needed to write that for my own benefit (I do often think "If I can't do a perfect job, why try?")
… Thanks for listening to my ted talk, and thanks for asking the question - this was theraputic :)
I'm on the 90% bandwagon here too!
I remember reading about how once you got good it would only take 15 minutes to scan, fix colours, dust and scratches and have a great image… Looking down the barrel of boxes and boxes slides and negatives I took the "shove it through and be done" approach.
For images that will only ever be shown on the computer or TV screen they are a billion times more accessible now than they were in the cupboard and the dust and scratches give them character :P
The original slide scanner was only 4MP and I have contemplated going back and re doing them with the newer scanner I now have, but it seems like a lot of effort to go from where I am today.
That said, I did sort, store and label all the originals very nicely so should I ever need or want to pull out an original slide or negative I can very easily locate the source and do a better job.
Would I charge for this? No. But since I've finished I've loaned the equipment to a few friends and colleagues who have taken the same approach themselves.
Thanks for sharing your thoughts on this. I had one tape of dodgy quality digitised by a recommended commercial place then used this output as my benchmark for success. I couldn't come close enough to be satisfied with the results so didn't pursue what I thought would be an interesting side-hustle.
By the way, I was happy with my efforts until I compared them to the commercial one. I respect your decision to be happy with 90%.
Good luck!
@kiitos: It was about $40 per hour of video footage (not charged for blank tape). http://www.dvdinfinity.com.au
Thanks duk it was therapeutic for me too
OnlyFans
sauce pls
Pet Project on OF? I thought beastiality would be banned?
Please give us a free code!!!!
Can you do this without degrading yourself?
Sexy posts only without headshots?
Still degrading?
My cat made some good money with rugpulls and various crypto scams a few years back, but the bagholders are mostly gone now :/
I thought CRYPTO is truly history now…..
Yes, that's what I meant when I said "a few years back".
Her current scam is replying on Twitter to blue check marks with links to bogus supplements (build muscle fast, just like Andrew Tate etc).
It's not as lucrative, but it keeps her rolling in catnip and crunchies.
Did that 30k in sales or profit? 30k profit is heaps!!
Profit before expenses
If it's before expenses it's called revenue or turnover. Profit is what you have after all expenses.
Well it's profit, before taxes.
I'd get a pet, even though my husband is allergic to them, if it included said pet bringing in an income. Pets usually cost an income to own
Ask hubby if he's ok if you bring a
p****kitty into the house. Don't clarify it until he says sureAre you OK?
What????
Trading carbon credits
How does that work?
https://carboncredits.com/the-ultimate-guide-to-understandin…
I have enrolled in a carbon sequestration program that monitors soil and forestation sequestration and issues carbon credits based on sample testing and satellite monitoring, I am then free to trade those carbon credits on any exchange (public or private) that I like (it is where companies like Qantas gets those optional carbon credits people purchase).
How much land do you have?
Lego "investing" i.e. Lego scalping.
Scalping is when you buy and sell immediately, investment is when the Lego retired and hold for sell 3 years after retirement. Big difference
Affiliate websites. I declare all the income as a sole trader though, so it's more like a bad paying job than a pet project.
Like someone click your link and then you get paid per click?
Not per click, per purchase. Like with OZBs Amazon links for example, if you click one while logged out then OZB gets a percentage of anything you buy on Amazon for the next 24 hours.
Seems like good affiliate programs are very short lived - if you can find a program paying decent rates, they will reduce to <1% within 12 months, after you've invested all that time building it up.
I illustrate erotic graphic novels.
And how do you market them?
I think I've seen your work at the local pub :-)
I was doing lego for long time, but you have to sit on it for like 5 years. I found I can buy $50 worth of crap from my local op shop and get a minimum 4x return on my money in a much shorter amount of time.
What do you buy and where do you flip it?
I buy brand name stuff and flip on ebay.
Thanks.
Do you find it worth the labor?
@bargain huntress: I do most of it while sitting on the couch watching tv. If I wasn't doing ebay, i would be wasting all my time playing those tap tap games where you earn fake money and achieve nothing.
OP shops now selling things so expensive sadly. However there are plenty to be made if you really spend the time and effort
I know a few that still price things like its 1995
A few full stack web apps that have a restricted free tier and then a paid-per-month tier that has full features using USD as currency to make it go further. Its not a liveable income but easily has paid for the time put in and the server costs.
Well done 👍
What do the apps do?
I don't wanna fully give it away but they all do something that I personally found a need for, makes the process easier / saves time doing something. If you can build something useful for yourself then chances are at least thousands of others will have a use for it too…
An example is editing configuration files where you can easily break formatting and it isn't visually pleasing or easy to get a gauge on the whole file. Well make a web panel that puts the editing into pretty UI form with explanations, sliders, toggles and data type hinting and then make it so they can auto upload into their server through SFTP/FTP, add in backups to save older generated config files and add in an API etc etc.
Thank you
Do you charge to use the tools, or rely on advertising?
@psdillon: Has a limited free plan and then a full “premium” plan with extra features and not limitations. I get users purely with SEO
What….is all that and how did you learn it?
I never thought of it this way before: army, navy and air force reserves as a 'side hustle'
Australian Army Reserve the Best Tax Free Side Hustle - In The Trenches With Cas
https://youtu.be/-N2jPesy7Q4Until you get shipped off to Israel or Russia and can't refuse.
Yes lying about being willing to fight for your country would not be a good idea.
I admire genuine pacifists and conchies but obviously the reserves is probably not the place for them.
I'm onto you Mr. Tax Man!