How We Doubled Our Income and Added Another Passive Income Stream in May

What if you Could Double your Income this Month?

This year we set a goal to make and save an extra $30,000 on the side.

Last month we decided to focus on business more than side hustles.

The results were far better than we anticipated.

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Updates for each month this year are:
January $3,200.17
February we forgot to do the update
March $4,005
April $1,600.70 (and we spent it all!)

Now for May, the focus was increasing our income while scaling back how much work we were doing and it worked really well.

We doubled our income last month compared to previous months plus separately added another stream of income.

Side Hustles In May

We were going to scale this side of things right back and we did in some ways.

As you can see above, we have made decent amounts of money this year with side hustles.

Last year we made over $10,000 a month buying things to resell and made $8,714 in our third month of the $20,000 flip challenge.

Here are the side hustles we continued to a degree while scaling back on them and focusing on business.

Further down we share how we doubled the income while reducing the workload.

Rented out the Garage – $191.75 Month (Ongoing)

This is the new passive income stream.

Using Spacer, it took a few minutes to list the garage and someone booked it almost immediately.

Everything goes through Spacer so there is no chasing money or issues with that.

Found Money – $3.05c

Not technically a side hustle, but we found money on the street.

This month we found a massive $3.05!

Every bit counts though, right?

Sold Items – $105

Boxing gloves and a dress were the first things to sell on Facebook Marketplace plus a skirt on Gumtree.

We scaled right back on selling because we had a lot of creeps lately.

Men made it almost impossible and were quite disgusting with some of it.

Previously, we made over $10,000 a month selling things, but this past month has put us right off it.

Increased Business Income

We don’t typically share a lot about the business side of life nor do we share details of how much we make doing what we do.

Since we were clear about the intention to increase business income, here is how we did it, more on what our income sources are and how you can too.

Multiple Income Sources

Having multiple income sources gives you more freedom, provided you know what you are doing.

Set clear goals, don’t take on more than you can manage, have an exit plan and outsource to make it feasible.

Here are the main income sources from our staff.

Blogging

The Thrifty Issue is one of a few websites we have.

Websites make money with affiliate links, sponsored posts, ads and a few of your own products.

You can find out more about blogging and making money blogging here.

Our sites are hosted with SiteGround.

They are all WordPress sites which you can install easily through SiteGround.

Choose a niche and go from there.

Freelance Writing

We all do freelance writing as well as having the sites.

It is flexible, we each have different areas of expertise and help each other get work.

To find out how to become a freelance writer, check out this article.

Invest In Yourself

What can you do to increase your earning capacity?

Courses, conferences, seminars, changing careers etc.

Read how to double your income for more information.

How Could you Double your Income?

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