Investor · The worst town to live in, KS · Member since 2016 · 4k+ posts · 4k+ votes
The refinery in my town is only letting essential personnel in. Everyone else has been let go or else told not to report to work. They contacted me and asked me to work about 8 hours a day doing drug screens on their essential personnel. So I go there at 8am or 3pm and sit in an office for 8 hours waiting for people to show up. There is a lot of down time. I found a box of shared books, it said "Take one, Leave one." Been reading "No Apology" by Mitt Ryan. The stuff he wrote about in 2010 is happening in 2019 and 2020. He had it nailed, down to the country and the perpetrators.
But the intention of my post is the box of shared books. When I finish this book called "The Drunk Diet", it's going to be placed in the box of shared books in the refinery administration building. Some of you may know the guy that wrote the book. If you can name him, I'll send you some of my 2021 calendars of scantily clad women.
Rental Property Investor · Northern NJ · Member since 2019 · 672 posts · 677 votes
6y
I've had side gigs for years. Currently I do Taskrabbit. I've posted about it before but it pays well and can be pretty easy. You choose your skills and make your own schedule. I saw myself doing that plus owning buildings in the future. Slowed down since all of this but 600 bucks is better than zero. I also have a government W2 job.
Rental Property Investor · Upstate, NY · Member since 2012 · 3k+ posts · 3k+ votes
6y
Side gig!!
One of our tenants HAD a 'side gig' working part time at a gas station, making take-out breakfasts & lunches, as it's open from 4am-9pm. When the Care Act stimulus came out EVERYONE of the full-time staff quit to qualify for the unemployed 'gift'. She now has a full-time 'GIG' (5am-3pm) & is their ONLY employee. The absentee owners of this little nondescript rural gas station didn't want to close it for fear of not being able to reopen. She now has a handle on the daily receipts & it's amazing how much cash these little establishments can pull in.
Another tenant is a full-time student but picked up a full-time 'gig' at Trader Joes for $22/hr plus a lot of o/time. His classes are now on-line & he's saving to dump down on the MBA student loan mill-stone.
Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
6y
My day job is an electrical engineer. I'm salary and working from home.
I canceled my April bookings on my lake house so as not to contribute to the problem by having unknown people traveling to the area. Many people come here from out of state.
All but one of my longterm rentals have paid rent (at least this month).
Taking this time to wash the boat and jet skiis and move the boat back down to the dock.
So far so good.
Seems NY and other places are leveling off as other places are getting worse.
My property manager just started a remediation and decontamination business. On the cusp of the pandemic coming to the states, she attended some training in Vegas and started this business when she got back. Seems like it could be profitable. TBD
Rental Property Investor · Northern NJ · Member since 2019 · 672 posts · 677 votes
6y
I've had side gigs for years. Currently I do Taskrabbit. I've posted about it before but it pays well and can be pretty easy. You choose your skills and make your own schedule. I saw myself doing that plus owning buildings in the future. Slowed down since all of this but 600 bucks is better than zero. I also have a government W2 job.
@Paul - yes I always have a side gig. As a essential worker I still have to report. However, I am an Author a ghostwriter and life coach. I have been doing both for a while. The great thing about the side gigs is..its aligned with my primary job. Best of luck!
Rental Property Investor · Concord, GA · Member since 2015 · 3k+ posts · 3k+ votes
6y
My side gig is rebuilding chainsaws but I haven't done much of that for a couple years now as we're so tied up refurbishing houses. Lately we've been doing a turnover on a rental and have spent two long weeks on that. It's close and we started showing it yesterday. I've had lots of inquiries and one application that we're probably not going to approve.
Hatfield, PA · Member since 2012 · 1k+ posts · 629 votes
6y
Originally posted by @Account Closed:
I started a side hustle day trading. It’s surprisingly easy with 1000 point swings to ride each day.
I day traded commodities and stocks for years. Wild swings do not equate to profitability It's easy to trade but it is in no way easier to make profits. The margins are much larger when it is volatile so it doesn't really change anything. It's like people who dabble in Bitcoins. I had a tenant who did that and was happy about his profits and then it collapsed. Is easy until you get blown out of the water. It's called risk of ruin. It is pure gambling unless you have a proven long-term near guaranteed Edge on the market. And paper trading is not an edge because they don't account for slippage and other things. I once lost a third of my trading account just due to a broker error. Of course they claimed it was not held so they didn't make it up to me
There are several quotes that apply.
the best way to make a small fortune in day trading is a start with a large Fortune.
a brokerage is someone who invest your money until there's nothing left. Why do you think they call them broker?
I started a side hustle day trading. It’s surprisingly easy with 1000 point swings to ride each day.
I day traded commodities and stocks for years. Wild swings do not equate to profitability It's easy to trade but it is in no way easier to make profits. The margins are much larger when it is volatile so it doesn't really change anything. It's like people who dabble in Bitcoins. I had a tenant who did that and was happy about his profits and then it collapsed. Is easy until you get blown out of the water. It's called risk of ruin. It is pure gambling unless you have a proven long-term near guaranteed Edge on the market. And paper trading is not an edge because they don't account for slippage and other things. I once lost a third of my trading account just due to a broker error. Of course they claimed it was not held so they didn't make it up to me
There are several quotes that apply.
the best way to make a small fortune in day trading is a start with a large Fortune.
a brokerage is someone who invest your money until there's nothing left. Why do you think they call them broker?
I hear you, but its just a temporary side hustle during the quarantine, no risk of total loss for me. Up $30,000 so far.
Investor · Jasper GA · Member since 2015 · 1k+ posts · 1k+ votes
6y
We're in the early stage of downsizing and after 25 years in the same house have plenty of "stuff" we don't need or want anymore. The wife and I are having a contest to who can sell the most "stuff'. It's amazing what people will buy. Since we are sitting at home and not much to do, it's an easy gig. We've already sold enough for a nice beach trip and have plenty more to get rid of. If you can ship it, someone will buy it.
Rental Property Investor · Upstate, NY · Member since 2012 · 3k+ posts · 3k+ votes
6y
I heard the same thing BUT I'm sure these guys known the ropes. One of those who bailed ran hiring/firing & payroll so maybe he laid them off & then did it to himself ??? I have had a couple of guys asking me for work OFF THE BOOKS so they can cash in.
Real Estate Agent · Surf City, NC · Member since 2017 · 648 posts · 597 votes
6y
As Confucius wrote, "The man who chases two rabbits, catches neither". I am trying to adhere to this quote and spend any extra time during this shutdown to build systems and relationships for my real estate agent business.