One man's FIRE journey by opening up passive income streams from side hustles
Recently, I re-started my trading journey with CFD platform CMC Markets. Day trading is never easy, plus the fact that I like to trade US equities makes it even more of a strain with the late nights. But with trading income being a core part of the strategy for SideHustleRich, I’ve decided to come back … Read more
For the month of July, I am happy to report tiny streams of side hustle income coming from 3 separate sources. A Crypto.com referral, a hustle trends signup referral, and income from car sharing. That’s the joy of setting up multiple passive-ish streams of income, and then growing them over time. Imagine if you can … Read more
I didn’t do much in June to generate any side income, and still ended up having some income streaming in. This is the power of truly passive incomes. I didn’t end up doing any trades, because I was busy working on a new project/product that I’m aiming to unveil in July. I did get a … Read more
I stopped my CFD trading in March and April due to the volatility and ongoing uncertainty in the markets, coupled with the lack of luck on the job hunt front. Many companies are still laying off staff, especially in the marketing that has typically been seen more as a cost centre in trying times. However, … Read more
April, fueled by the uncertainty of the impact of Covid-19, coupled with even more uncertainty regarding the job front, meant it was a no trading month. In terms of side hustle income, this means it’s a lot leaner. It boiled down to: Short writing gig paying USD$100 Another signup on crypto.com netting me USD$50 Adsense … Read more
When the covid situation became a full blown pandemic that reduced global activity, and potential job offers evaporated overnight, I had to stop my CFD trading to preserve liquidity until I found a new job. So this is gonna be a relatively short one guys. The really fortunate thing though, was that in March, I … Read more
So…. turned out I was right to short Tesla. I just happened to do it a month early. After the setback in January, I was pretty upset, and spent a lot of time thinking about how I can avoid making the same mistake again. I know there are wins and losses in trading, and the … Read more
Apologies that this came so late. I was bogged down by other things happening in my life, and also, to be honest, this income report stung a lot to write, because I thought I’d go against the tide of the bandwagon, and it didn’t turn out well at all. So, in the first month of … Read more
First of all, Happy New Year everyone! Hope you all had your fill of parties, drinks and merriment! December turned out to be the second most profitable month for the year, clocking in at $3,894 for my CFD trades. This made Q4 by far the biggest quarter for the year, which is the best way … Read more
We’re into the last month of 2019, and I have to say, overall I’m really happy with the trading income I’ve had so far this year. It has been rather consistent at about the $2,000 mark each month, and I hope for next year to take it up a notch. Facebook mounted a full recovery … Read more
Since I started this blog in November of 2019, I’ve documented that my goal was to suss out side hustles, and eventually scale a couple of them to be able to replace my income, so that I can potentially work on side hustles full time, giving me more time, or rather, more flexible time. We’re … Read more
October represented by far the best month of the year for my CFD trading side hustle, driven by Q3 earnings expectations and results. 12 trades were closed over the month, for a total profit of $5,824.95. Most of the trades made involved the usual suspects on my watchlist, Netflix, Facebook, Tesla. Facebook, despite their privacy … Read more
Wow, did September just zip by? On the personal front, I started my new job. Good news, it pays better. Bad news, OMG the culture and everything else is a 180 from where I came! It was and still is an overwhelming learning curve, and hopefully things can only go up from here. I will … Read more
August was a month of changes. A month of transitioning from my previous role with Vrbo/HomeAway, taking a much appreciated one week break from work, and prepping for the new job. That said, I managed to put in some trades, but only closed on one in August for Facebook, for a $392 profit. Not great … Read more
Over the course of July, I focused primarily on 3 stock names, and traded Facebook and Tesla regularly, with Dropbox in the mix as well.
This is not so much a post about income report than it is about recognising burnout and taking steps to regroup and rectify. Are you suffering from burnout?
After a slight dip in March, I’ve managed to get returns back to a semblance of normalcy, and April CFD trading profits are at $2,652.
So I closed out Q1 of 2019 for a total of S$7,368.97 profit on CFD trading. I’d originally set a target of $12,000 for the entire year, and am currently pacing at 61% of that goal.
Seemed like it was only days ago when I posted the January income report, and now we’re on the last day of February! Time flies like crazy, which is why it is the single most valuable currency we can have, and that we should try to claw as much as we can, because unlike money, … Read more
I can’t believe we’re into February of 2019 before I managed to put out my first post of 2019! But, outside of this being my first post of 2019, it’s also something new to the blog, an income report! As I’d mentioned previously, I will start documenting my monthly income from side hustles, starting in … Read more