How do you earn/save extra money thread?

15 Replies

Thought it would be a cool idea to share how you earn or save extra money, no matter how large or small....to help make our pockets bigger. I think finances is an area one can always improve on....might as well learn from each other. 


I called xm radio and got my bill reduced about 8 dollars a month.

Also started using chase credit card. 1.5% cash back and bonuses on purchases I already make, I'll have about an extra 700 a year.

What are some hacks or extra income streams you have, real estate or otherwise?

@Joe Marshall I buy/sell items online, primarily event tickets, but I've sold a few SNES Classics and even flipped a car. Don't always make money, but I purchase with the mindset of getting at least a 20% return.

As far as making my money go further, I use checking accounts that offer high interest when you fulfill certain criteria. Currently, I'm getting 3% interest on up to $10k. Have money in the stock market, short-term CDs, and also been getting into crowdfunded revenue sharing notes (not sure how this will turn out). 

Been pondering the idea of buying up some land with the intention of having chickens, goats, etc while also growing some sort of fruits, and ideally the land has some timber I can sell for a few grand. But not sure all that is worth the headache and will take a lot to learn.

I got my license. It helps me make some extra money helping friends buy a home. It also saves me money when I do my own deals. I think I got around 15k on my 1099 from being an agent in my first year with the license. 2/3 of the deals were my own and the other couple were friends/referrals. My full time gig is a HS math teacher and wrestling coach.

I’m probably the only person in Dallas who doesn’t have a car yet. I work from home and whenever I need to go downtown I just use public transport, and worst case there’s the occasional uber/lyft

Abel Teklu

    We got rid of cable TV.  Now I am addicted to BP.

    Originally posted by @Susan K. :

    We got rid of cable TV.  Now I am addicted to BP.

    I did the same. Firmly believe that TV is nothing but propaganda. I am not paying someone to get brainwashed. 

    My goal is to save $60k /yr. Rather save 60 than make 90. The net is the same after taxes.

    I focus on big stuff. Saved $47k buying the LLC vs the commercial building, self-close buys, sell my houses by owner, draft my own finance docs, do my own taxes, swap my own water heaters, etc.

    Of course I brown bag my lunch, have OTA antenna tv only and borrow seasons of shows and movies from the library. Also get audio books there.

    Bought my last sports car way below value with the commission savings of my FSBOs last year. Could drive it a couple years and sell for what I paid. Invested the difference in stocks at key support levels, now can buy something else. Multiply your $. 

    I buy stuff like counter and cabinet resurface kits & ceilings fans on clearance at 70-90% off, then do the project. Bought $20k worth of windows for $1500 at the dump.  Never spent more than $9-$10 on a $40+ gallon of mistint paint. Will buy $170 5gal buckets for $35, then mix my own and have a house painted or save a trip to the store picking and matching.  That kind of stuff, while I'm there anyway.

    I won't drive across town to save $.03 on gas or cancel my newspaper or gym membership, but will save on the fatties.  Good discussion!

    Originally posted by @Susan K. :

    We got rid of cable TV.  Now I am addicted to BP.

     Lol same here.

    I also buy and sell in sports cards.  About 10k a year...and I enjoy it lol

    @Max Tanenbaum haha wow! I’m a high school math teacher and wrestling coach too. I’m full time in real estate though.. doing so much business it’s a full time thing for me. 

    Originally posted by @Joe Marshall :
    Originally posted by @Susan K.:

    We got rid of cable TV.  Now I am addicted to BP.

     Lol same here.

    I also buy and sell in sports cards.  About 10k a year...and I enjoy it lol

    Where do you sell the cards? I have a ton from when I was little just sitting around.

    I would buy stuff at garage sales knowing that at some point I'd need it. I would buy leftover ceramic tile as long as there was about 12 or more square feet. That way I could re-do the entryway between the front door and the carpet. Nice first look for prospects.

    In addition to doing light repairs and replacements, water heater, toilets, plumbing, I learned how to troubleshoot air conditioning. It often turned out that the problem was the exhaust fan, the contact/relay or the thermostat, all of which I could replace. No need to call a high price technician for that.

    I learned how to do roofs too. At the time I had just finished my MBA and had a pretty nice corporate gig. The first roof I did was on a place with a 7% VA loan that realtors had no luck selling because the roof leaked. I started the roof work in late afternoon because the edge work takes a lot of time. I'd work until supper and sometimes I'd work a couple hours in the morning. I did that for a couple of weeks and finished on the second weekend. Some Kilz for the ceiling and a complete interior repaint and I netted $23,500 in about one month.

    My wife and friends laughed about me paying all that money for my masters degree just to be a roofer, most of whom earned about $3.50/ hour. I pointed out that if you watched them working there might be 10 of them on the job which was $35.00/ hour

    manufactured spend to bump up credit card bonsues.

    Travel "hacking" to reduce my costs and maybe little first class action....

    Really though it's easier to save by buying smart. Example I got a rug that was customer return and to be honest the store wanted it gone. Used new customer coupon etc got it done to about 250 from like 800. Now, I'd probably of never spent 800, but other rugs were in the 500 range and I almost got one. That was a 250 dollar savings and I didnt have to do anything.

    Another example is I'm getting a tree removed. First bid was 6k, dropped it down to about 5500 with "discounts". Next bid came in 3700, can knock it down to close to 3400 if I pay cash. That saved me 2100 and again, I didn't have to do anything but shop around.

    Originally posted by @Kevin Coggins :
    Originally posted by @Joe Marshall:
    Originally posted by @Susan K.:

    We got rid of cable TV.  Now I am addicted to BP.

     Lol same here.

    I also buy and sell in sports cards.  About 10k a year...and I enjoy it lol

    Where do you sell the cards? I have a ton from when I was little just sitting around.

     Mostly ebay or instagram.  Ebay is a good place to check comps of what you have

    I used to buy used golf clubs and sell them individually or package them and sell with a bag as a whole set.  I just enjoyed it.  My favorite part was finding and learning about the 100 year old hickory shafts!

    Originally posted by @Matt K. :

    manufactured spend to bump up credit card bonsues.

    Travel "hacking" to reduce my costs and maybe little first class action....

    Really though it's easier to save by buying smart. Example I got a rug that was customer return and to be honest the store wanted it gone. Used new customer coupon etc got it done to about 250 from like 800. Now, I'd probably of never spent 800, but other rugs were in the 500 range and I almost got one. That was a 250 dollar savings and I didnt have to do anything.

    Another example is I'm getting a tree removed. First bid was 6k, dropped it down to about 5500 with "discounts". Next bid came in 3700, can knock it down to close to 3400 if I pay cash. That saved me 2100 and again, I didn't have to do anything but shop around.

    We have 3 small children. Expensive rugs is a NO NO for us LOL.

    Originally posted by @Frank Adams :

    I would buy stuff at garage sales knowing that at some point I'd need it. I would buy leftover ceramic tile as long as there was about 12 or more square feet. That way I could re-do the entryway between the front door and the carpet. Nice first look for prospects.

    In addition to doing light repairs and replacements, water heater, toilets, plumbing, I learned how to troubleshoot air conditioning. It often turned out that the problem was the exhaust fan, the contact/relay or the thermostat, all of which I could replace. No need to call a high price technician for that.

    I learned how to do roofs too. At the time I had just finished my MBA and had a pretty nice corporate gig. The first roof I did was on a place with a 7% VA loan that realtors had no luck selling because the roof leaked. I started the roof work in late afternoon because the edge work takes a lot of time. I'd work until supper and sometimes I'd work a couple hours in the morning. I did that for a couple of weeks and finished on the second weekend. Some Kilz for the ceiling and a complete interior repaint and I netted $23,500 in about one month.

    My wife and friends laughed about me paying all that money for my masters degree just to be a roofer, most of whom earned about $3.50/ hour. I pointed out that if you watched them working there might be 10 of them on the job which was $35.00/ hour

    My husband is doing pretty much the same things himself as you do, but never dealt with air conditions. I will read your post to him, it's going to be helpful in the future.

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