My “$1000 In A Month” Money Challenge
For some of you, summer might mean a week long vacation, hanging at the beach and roastin’ some piggy on the barbie. It might mean that you have to look at the sun shining while hanging out in your office for 10 hours a day. For teachers like me, it’s the one time of year where we get to spend some time and recover our sanity. 10 months of “I don’t have a pencil”, “She’s bugging me”, “I can’t sit next to her, we’re not friends”, “When are we going to use math in real life, anyway?” is enough to drive a monk into a rampage the likes of which hasn’t been seen since the “Kill Bill” series.
Yes, it can be that bad.
But I’m actually going to take my time off and attempt to be productive, in spite of the looming House of Cards season coming up. No, I’ve decided that since I actually have the time to do it, I’m going to post challenge myself for you all to see if all the fuss on the blogosphere is correct. Can you really earn $1,000,000 from your smart phone? Can you take surveys till your blue in the face and quit your job? Is the internet REALLY that easy of a place to make the monay monay?
We’ll, for the next month, we’re going to try to figure that out.
The Goal – By June 30th, I will have earned an extra $1,000.
OK, so this is a pretty lofty goal. But I wanted to test if what all the other financial bloggers are saying is true, and see if all these apps/side hustles can really had up to significant income. After all, we’re talking about an extra $33 dollars a day.
Website – This is a lofty goal, but between the advertisements and the affiliate income I get from this site, I’m going to hope to earn at least $5/day. If I can get to that level, I will be a happy camper! Which I know sounds kind of sad, but hey, you’ve got to start somewhere!
Total left to earn – $850
Guitar – This was an awesome side hustle that I had going on way back when, earning roughly $30/hour. I’m thinking I should try to pick up a couple of guitar students, and see what that does for my monthly income. If I can get two students/week, that’ll add up to roughly $120 for the month. Fingers crossed!
Total left to earn – $730
Ebates – I’ve read all about “Ebates this” and “Ebates” that. It’s time to see if this is really it’s all that it’s cracked up to be. I’ll only buy things that would normally purchase (through amazon or something like that). If I can make at least 5% back on my purchases, I should get back $10-$15 by the end of the month.
Total left to earn – $715
Ibotta – So I just started using Ibotta, and to be frank, it’s awesome. The trick is to make sure that the products you’re buying don’t change just because you see a coupon. I almost did this; Sargento cheese had an awesome rebate on the app, but the store brand was cheaper even after the coupon. You also get $1 every time you take a picture of your receipt. So yeah, I’m going to take pictures of useless pieces of paper to get a tiny bit of extra dough.
Total left to earn – $705
Surveys – To be frank, surveys seem like really mind-numbing work. Which is maybe why they’re so popular. I’ve heard of numerous bloggers that can make a few hundred bucks a month just taking surveys; it’s time to see if they’re really all they’re cracked up to be. Let’s aim for $200, which if all these blog posts are to believed, really shouldn’t be that big of a deal.
Total Left to earn – $505
Fiverr – So much has been said about Fiverr, that I’m really worried that whatever is on their at this point is just a commodity. I’m starting from scratch, with no reviews, so I’m nervous to see how this works out. But who knows? Maybe this is the swift kick in the ass I need to make something happen on Fiverr. I’ll try to hit $100 in sales on Fiverr in my first month.
Total left to earn – $405
Mobee – I was a lucky enough duck to meet a couple people that work for this start up in Boston. Essentially, you complete various tasks, such as mystery shopping and filling out surveys, and you get compensated for completing this actions. Again, not one I’ve ever used before, so I’m excited to see where this leads. I’ve heard that you can earn close to $15 an hour with Mobee, so fingers crossed!
Total left to earn – $350
Manhattan Prep Tutor – So I don’t know if I’ve ever put this on the blog, but back when I took the GMAT, I got a very good score. Good enough to be considered a tutor for a number of these test prep companies. I know that Manhattan will pay a pretty penny ($100/hr) for someone with high enough scores, so I’m going to reach out and see if I can get that gig.
Total left to earn – $50
Math tutoring – Might as well call it out for what it is; I’m a math teacher. It’s what I know, and I might even go so far as to say that I’m pretty good at it. I’ll put up a couple of ads and see what I can find in terms of a couple kiddo’s that need help.
Total left to earn – $0
Alright, now it’s time for the just in case…
Back when I first started working as a teacher, I also found a remote job as a social media rater. There wasn’t a ton of money in this (only $10 an hour) but I was able to work up to 20 hours a week. A little bit of math should tell you that my total for a month was about $800. That should very easily cover any/most gaps that arise this month.
If you’re curious on pursuing this, check out Appen Talent.
$1000 In a Month Challenge – The Wrap Up
One of the shorter blog posts I think I’ve ever written, but I’m excited to see where this leads. I’ve heard of a lot of different bloggers that have given this a try, but I’ve never actually done it myself (being a teacher, I really haven’t had the time). I’m also a huge proponent of practicing what I preach. I’m going to start checking out some of these products to see if they actually work, as opposed to just promoting them based on other peoples experience!
So what do you think? Is this a pretty good list? Is there anything else you think I should be doing? Any weird side hustle ideas that you have for me? The weirder the better! Comment below!
For more from The Code To Riches, check out:
- The 7 Vegetarian Meals That Are Saving My Budget
- The 10 Best Finance Books Money Can Buy
- 9 Credit Score Hacks You Must Know
- Why I Never Want To Retire
- The Laziest Way to Riches – Investing In Index Funds
- Budgeting Basics – Allocating $$$ Like A Boss
- Fuck You, Frugality
Keep trying to crack the code,
Paul AndrewsFollow me on social media!