Side Hustles 2017... Let's get this money!

swaggdaddy

swaggdaddy

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Nov 30, 2013
Whats up NT, it's a new year, so what's some new or even old hustles to get that extra cash for the year?

First one I know is the eBay hustle. Thrift or sell old things out your house on ebay!
 
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I stopped in my local Ross and Burlington Coat Factory the other day and some of the mark downs in there got me considering buying and flipping online.
 
I have a few friends doing income and corporate tax returns.

I myself am doing a bit of consulting on the side. this is my website: http://www.mysaleslab.co/

I have worked alongside a CTO of an up and coming startup and he also happens to be the president of the Ferrari club in his city, we talk a lot and he told me that the majority of the Ferrari owners in his city were Government workers and nine to fivers with side hustles.

some do consulting, some own a grocery store/ gas station etc...He mentioned that the real way to build wealth in North America is to diversify your income.

That being said, keep hustling NT and make your money :nthat:
 
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mizzoe33 said:
I have a few friends doing income and corporate tax returns.

I myself am doing a bit of consulting on the side. this is my website: http://www.mysaleslab.co/

I have worked alongside a CTO of an up and coming startup and he also happens to be the president of the Ferrari club in his city, we talk a lot and he told me that the majority of the Ferrari owners in his city were Government workers and nine to fivers with side hustles.

some do consulting, some own a grocery store/ gas station etc...He mentioned that the real way to build wealth in North America is to diversify your income.

That being said, keep hustling NT and make your money :nthat:
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Good insight. Even people with money got some jobs. Got to keep the money flowing
 
Swaggdaddy said:
 
Trent D Raww said:
I stopped in my local Ross and Burlington Coat Factory the other day and some of the mark downs in there got me considering buying and flipping online.
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Where would you sell online?
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I think I would use Instagram / Ebay / Facebook Market for the most part.

Some of the stuff in the stores I went to was actually really nice and could likely sell pretty quick.

For example there was this really nice Nike ski coat with the Nike tag still on it. Nike's MSRP $200, Ross price $30. 

Easily could be sold for $100+ as it was brand new with the tag still on.
 
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Trent D Raww said:
I think I would use Instagram / Ebay / Facebook Market for the most part.

Some of the stuff in the stores I went to was actually really nice and could likely sell pretty quick.

For example there was this really nice Nike ski coat with the Nike tag still on it. Nike's MSRP $200, Ross price $30. 

Easily could be sold for $100+ as it was brand new with the tag still on.
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Not a bad idea at all
 
I earned about €16k last year from selling social media usernames but it's a tricky side hustle and would take ages to explain even the basics.

However there's something closely related I can suggest as some form of side hustle. In my line of work a lot of deals, particularly the more expensive ones, are done with Bitcoin. Some of you have probably heard of it, I think we have a bitcoin thread here on NT as well. It's a virtual currency with anonymous transactions. It is also a very fluctuating currency, which is where the side hustle comes in.

It can be a little complicated if you've never heard of Bitcoin (BTC) or how it works.

Think of it as currency trading. As I am typing this, 1 BTC is valued at about ~$833.

Here is a graph that illustrates the 1 BTC's value in dollars over the past year:

As you can see, its dollar value is prone to pretty significant changes. This is where the money comes in.

I don't actively invest in BTC but many of my business associates do, with good success.

I receive a lot of payments in BTC so I watch the market for a price hike and then exchange my balance for euros/dollars.

For example, a while back I sold 2 kik usernames for $800 in BTC at the time. I waited for a price hike before exchanging my BTC and eventually I exchanged my balance for nearly $1400 when the BTC price shot all the way up.

There are various sites like Coinbase, ... where you can buy/sell BTC by attaching your bank account to your profile.

You can then transfer money from your bank to your account and buy BTC at a good moment (a price drop) and then exchange it for dollars when its price has hiked back up and you're satisfied with the profit margin.

The folks in the NT BTC thread can probably provide you with much better information.

http://niketalk.com/t/302014/official-bitcoin-thread

I would highly recommend a lot of research before diving into the world of BTC investing. After all the price fluctuations go both ways.
 
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Colombia said:
I earned about €16k last year from selling social media usernames but it's a tricky side hustle and would take ages to explain even the basics.
However there's something closely related I can suggest as some form of side hustle. In my line of work a lot of deals, particularly the more expensive ones, are done with Bitcoin. Some of you have probably heard of it, I think we have a bitcoin thread here on NT as well. It's a virtual currency with anonymous transactions. It is also a very fluctuating currency, which is where the side hustle comes in.
It can be a little complicated if you've never heard of Bitcoin (BTC) or how it works.
Think of it as currency trading. As I am typing this, 1 BTC is valued at about ~$833.
Here is a graph that illustrates the 1 BTC's value in dollars over the past year:
View media item 2300952

As you can see, its dollar value is prone to pretty significant changes. This is where the money comes in.
I don't actively invest in BTC but many of my business associates do, with good success.
I receive a lot of payments in BTC so I watch the market for a price hike and then exchange my balance for euros/dollars.
For example, a while back I sold 2 kik usernames for $800 in BTC at the time. I waited for a price hike before exchanging my BTC and eventually I exchanged my balance for nearly $1400 when the BTC price shot all the way up.
There are various sites like Coinbase, ... where you can buy/sell BTC by attaching your bank account to your profile.
You can then transfer money from your bank to your account and buy BTC at a good moment (a price drop) and then exchange it for dollars when its price has hiked back up and you're satisfied with the profit margin.
The folks in the NT BTC thread can probably provide you with much better information.
http://niketalk.com/t/302014/official-bitcoin-thread
I would highly recommend a lot of research before diving into the world of BTC investing. After all the price fluctuations go both ways.
Click to expand...
I truly have thought about going thw bitcoin route. But before I get into something like that i want to study my *** off to get a complete understanding and that seems like it will take a good amount of time.
 
been thinking about the side hustle thing. I used to airbnb my place and was doing QUITE well. Only reason I stopped is because I got a new job and my schedule wasnt as flexible any longer. however thos uswed book thing seems lucrative lol
 
Colombia said:
I earned about €16k last year from selling social media usernames but it's a tricky side hustle and would take ages to explain even the basics.
However there's something closely related I can suggest as some form of side hustle. In my line of work a lot of deals, particularly the more expensive ones, are done with Bitcoin. Some of you have probably heard of it, I think we have a bitcoin thread here on NT as well. It's a virtual currency with anonymous transactions. It is also a very fluctuating currency, which is where the side hustle comes in.
It can be a little complicated if you've never heard of Bitcoin (BTC) or how it works.
Think of it as currency trading. As I am typing this, 1 BTC is valued at about ~$833.
Here is a graph that illustrates the 1 BTC's value in dollars over the past year:
View media item 2300952

As you can see, its dollar value is prone to pretty significant changes. This is where the money comes in.
I don't actively invest in BTC but many of my business associates do, with good success.
I receive a lot of payments in BTC so I watch the market for a price hike and then exchange my balance for euros/dollars.
For example, a while back I sold 2 kik usernames for $800 in BTC at the time. I waited for a price hike before exchanging my BTC and eventually I exchanged my balance for nearly $1400 when the BTC price shot all the way up.
There are various sites like Coinbase, ... where you can buy/sell BTC by attaching your bank account to your profile.
You can then transfer money from your bank to your account and buy BTC at a good moment (a price drop) and then exchange it for dollars when its price has hiked back up and you're satisfied with the profit margin.
The folks in the NT BTC thread can probably provide you with much better information.
http://niketalk.com/t/302014/official-bitcoin-thread
I would highly recommend a lot of research before diving into the world of BTC investing. After all the price fluctuations go both ways.
Click to expand...

This is something I hugely regret not getting into back in 2010. I could have invested a decent amount but was too focused on school and my non profit to even think about investing.

I have a silly question, if you do make a healthy profit, do you get taxed on it?

Also, how long does it take to buy/ sell bitcoins?
 
Trent D Raww said:
I think I would use Instagram / Ebay / Facebook Market for the most part.

Some of the stuff in the stores I went to was actually really nice and could likely sell pretty quick.

For example there was this really nice Nike ski coat with the Nike tag still on it. Nike's MSRP $200, Ross price $30. 

Easily could be sold for $100+ as it was brand new with the tag still on.
Click to expand...
Would take a while to sell, if ever. A lot of people are up on that game nowadays
 
mizzoe33 said:
This is something I hugely regret not getting into back in 2010. I could have invested a decent amount but was too focused on school and my non profit to even think about investing.

I have a silly question, if you do make a healthy profit, do you get taxed on it?

Also, how long does it take to buy/ sell bitcoins?
Click to expand...
Well I live in Belgium so our tax system is a little different. From what I understand of your tax system those sites will force you to comply when you exceed a certain amount of profit. I often use third party exchangers (I send an associate the bitcoin and he sends me paypal) in order to avoid exceeding certain limits.
 
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