Showing posts with label fitness. Show all posts
Showing posts with label fitness. Show all posts

Friday, 25 January 2019

Skip boring side hustles and monetise your hobbies

Side Hustles have become all the rage in the last few years. Whether it's caused by stagnating wages, lack of attachment to our careers, a desire to earn more, or dipping the toe into self-employment, the rates of side hustles are rising. To go with it are rising stress levels are we find ourselves working eight hours a day at our regular job, and another 2-3 hours on our side hustles.

For many people side hustles equal burnout. It means less time on our hobbies, less time with our friends and family, and less time recharging doing nothing.

Still keen to side hustle? The trick is in your choices.

Everyday I'm hustlin'

I have a crazy idea. I think that every single person reading this is already doing something they can make money from. That something might not be the next Google (heck, it probably isn't) but it is worth $20 a month, you just need to slap a price tag on it and do some quick advertising. 

If you want it to be the next Google, then you're going to have to put in some serious effort and thinking about what your market niche is, how to price it, and how to advertise it. 

However, if you want to start today, all you need is a lick of courage and a dash of inspiration.

Okay, sales pitch aside - I'm not going to sell you anything - here's a list of ways that I could be making money from things I already do. 

Hustle life

The Great Outdoors

Do you like hiking? Do you like dogs? I love both of these things. There are people out there who have built businesses out of taking peoples dogs on hikes! This isn't your regular boring 20 minute jaunt around the neighbourhood. We're talking adventure!

You can make a few dollars walking dogs around your neighbourhood if that's your jam, but you can do even better with adventures. Tom and his dog Captain do adventures for $29 an hour per dog, and take up to six dogs on each adventure. That's $174 per trip! In his case, the dogs are collected in the van, then taken walking (off-lead!) through national parks, playing in fields, and jumping in lakes.

You could get started with minimal outlay, get some seat covers for the car, a bag full of treats, some collapsible water bowls and you're set. The dog owner can supply leashes, and any walking harness their dog might use.

Maybe you aren't comfortable taking that risk with other peoples dogs - you could be a tour guide instead! Finding dog friendly spaces can be difficult, so people will be willing to pay for you to lead a hike through dog friendly places, especially if you can show them your favourite watering holes.

Don't like dogs? Do it without them. National Parks run their own hiking tours, but there is nothing stopping you advertising yourself as a guide and making some new friends along the way - just make sure you aren't misleading people about your qualifications.

Of course, not everyone likes other people. If exploring the great outdoors is your alone time, and you don't want to interrupt that, maybe you could capture it instead. Videography and Photography aren't easy, and they definitely won't give you the same cash-in-hand experience, but it's an avenue you can explore.

Create It, Sell It

If you're already creating things, odds are you could sell those things. I don't just mean bead bracelets on etsy (although that can be lucrative if that's your jam). There are many many forms of creating, and many different ways of doing it.

If you like drawing, you don't need to draw photo-realistic art on commission to make money from it. Perhaps you like doing goofy, snarky cartoons? You could list those on RedBubble, offer it up as a sticker, on a mug, or a t-shirt.

If you love photography, it's not all wedding photography and maternity shoots. You can list your snaps on Shutterstock, Alamy or iStock. While you'll get paid more to go to an event, or do a specific shoot, you can generate passive income through sales - just list it and wait for the royalties to roll in.

I won't pretend selling art is easy, but if you already create these things just for fun, there are ways you can sell them. 

Growing a money tree

The obvious one here is to grow and sell fruits and vegetables. However since that's obvious, let's skip to some other ideas.

If you have half a green thumb, you can propagate plants and sell the sprouts. Let me open by saying I am terrible at gardening. I cannot grow anything from seed, ever. My chickens are better at growing seeds than I am (in fact, half my plants come from the seeds they didn't eat that have sprouted).

However, even I and my lack of seed raising skill can propagate plants. If you have a tomato plant, you can cut off all the sucker shoots when their 10-15cm, stick them in a pot of dirt and have another plant in a couple of weeks. The same trick works for most perennials herbs, raspberries and other vine plants. If you're growing strawberries you can split out the runners. 

Anything that you can propagate, you can sell and since it didn't cost you anything, it's all profit.

Of course, if you're terrible at plants you can still turn a profit from and empty patch of dirt. Chickens are wonderfully easy to raise and lay an egg a day. You can cut down the feed costs by collecting kitchen scraps, or even collecting scraps from your local cafe. At the moment four chickens cost me less than $15 a month to feed, and lay over 80 eggs a month. If I sold all the eggs I could turn a $20 profit each month, but I like eggs and I tend to eat them myself.

If you're really truly terrible in the garden and don't want to raise animals, you could still make money from compost. Simply mound up your kitchen scraps and throw your shredded newspapers and bills on top. Flip it over once a month, and when it's nice and crumbly throw it in a bag.

Okay, admittedly that last one won't make you much money. But this isn't a list of the Most Profitable Side Hustles. This is a list of all the ways you could make a bit of money from things you're already doing. If you're already gardening, there are ways you could be making some money from that. If you hate gardening... don't pick this.

Video Games

Lastly, just to prove there is potential money in everything, you could be making money from playing video games! With either YouTube or Twitch you can stream yourself playing video games for the whole world to see, and to pay you for! In terms or start up costs, all you need is a microphone and (optionally) a webcam. As an easier option, you can just buy a gaming headset, or use one you already have. All the software you need is available free online to set up, stream and edit videos.

While you're starting out you won't see much success, but even small youtube channels can make $5-$10 for a 20 minute video with minimal editing. You can have a look at the (estimated) numbers here: https://influencermarketinghub.com/youtube-money-calculator/

Hustlin' smarter, not harder

Maybe some of these things resonate with you, maybe they don't. The point is that to launch a side hustle you don't need to fire up Google and search for a listicle of the 'highest paying side hustles', or '20 coolest side hustles'. Your time is valuable, and rather than trading time for money, I encourage you to find a way to make money with the things you're doing for free.

Admittedly you can make more money with a dedicated side hustle. But you could also fail and flop terribly at a side hustle that cost you money to set up and you didn't enjoy.

Worst case? You don't make any money. When you were already knitting, playing video games, hiking, drawing, snapping photos... what have you lost?


Tuesday, 15 January 2019

Maintaining Motivation : New Years and Beyond

Credit: Lazy Photo Dad
The start of a fresh new year fills everyone with energy. We make plans, set ambitious goals, and say we'll do better than last year. We'll go to the gym, we'll save more money, we'll spend more time with friends and family, and less time brainless on the couch watching reruns.

For the first couple of weeks, we stick to those goals. We're filled with fire, enthusiasm, and energy. The excitement of something new keeps us going. But as the weeks pass, and we return to work after the Christmas break, our fire burns out. It's easy to fall back into a rut, and our goals fall by the wayside.


With motivation flagging it's easy to put your goals aside, to tell yourself to that you dreamed too big. The good news is, motivation is only part of the puzzle. At first we do well at our goals because we're motivated. We're excited and we push ourselves to succeed every day. But we aren't full of endless energy and it's irrational to think we are.

In fact, we are lazy creatures of habit. Even the most exciting things can become dull if we do them day after day. As human beings, we get excited about variety, but when we run out of energy we fall back into routine. Rather than expecting this to lead to failure, it is in fact the direct path to success.

Get excited

In 2017 I was recovering from an ACL reconstruction. The injury itself happened in 2016, but it is such a large injury that I was not fully cleared until a full year later. After my last meeting with the surgeon I was excited to get fit again.

I picked up an exercise program online, as well as heading back to roller derby and I decided to get back into running. Two nights a week I went a running, every morning before work I busted out a 15 minute exercise routine (different each day) and when I got home from work I'd do another 10 minute garage workout. On top of that I was back at roller derby - I wasn't playing contact, but I was skating twice a week.

I was in the excitement phase of new goals. Every moment I had to spare I was stacking in new exercises, and I was feeling great. I even started changing up my diet.

Your financial health works just like your physical health. Many people would have started 2019 with goals to save more money. At the start of the year you're excited. You skip buying coffee, brown bag your lunch, and cut off a magazine subscription. Maybe you start Meatless Mondays and analyse the Dollars to Fun ratio of every activity you do.

Just like every who sets goals at the start of the year, I was keen to do my absolute best. I devoted time and energy, physical and mental, to making myself the fittest I could be. Even on a 40degree day I would work out in my garage upon arriving home. I quickly double the length of that get home strength routine.

Unsurprisingly, this wasn't maintainable.

Battling boredom and burn out

After just a couple of weeks, I dropped the running program. I was already riding to and from work each day, doing a strength routine at night, and balance / strength in the morning. To add to that, I was still doing Yoga as a recovery method for my knee - which was repaired, but fatigued easily.

A few weeks after that, I wasn't doing yoga anymore. After getting home from work, doing my get-home-routine, making dinner, and watching a TV show with Mr. FIRE, it would already be 8:30pm. To do yoga as well, we needed to start by 9:30 - which meant a measly hour each night to relax.

Burn out hits all of us because when we're excited we do too much. When something is new, it's easy to want to spend all our time on it. Unsurprisingly, when something is done for hours every day it can lose it's excitement value, but it also muscles out other things that are important.

When we start tracking our finances, and saving money it's exciting. Especially if you were an overspender and suddenly find yourself with all this money you didn't even realise you were wasting. But quickly we start to miss the things, and despite all the tricks in the book, saving and watching numbers becomes boring.

When struggling with your new years goals, it's important to understand that burnout is normal. Rather than giving up entirely, let burnout show you how much you need to scale back.

Success through systems

While the initial excitement of a goal will help you come up with ways to chase it, burnout will help you throw away the excess. However, we don't want to throw our goals out entirely.

After a few months, I was still riding to work daily. I kept up the morning workout - having gotten it down to just ten minutes - and I kept doing the get-home-routine. The part that kept these alive was habit. 

I had a system. I didn't stop to think about whether I would work out in the morning - the alarm went off, I got out of bed, and I did it. Generally yawning the whole way through. Every day when I got home from work, I dropped to the ground and started doing pushups in my garage - I didn't even step in the house.

The triggers for chasing our goals can't simply be motivation, but a system. 

If you are trying to save more, don't keep trying to motivate yourself to spend less. Instead, set a system when you immediately transfer money into a savings account on payday. Make sure it's an account where you can't immediately access the money. Even better, invest it directly into something like Raiz (previously known as Acorns) or RateSetter where you can't immediately get the money back for impulse buys.The system does the work for you, and you reap the benefits.

Want to spend more time with a partner, or friends? Don't say 'we'll catch up once a week' - tell yourself that every Friday is date night. The first Thursday of every month is Friends Night Out. Then make sure everyone else knows this to - build a system and stick to it. If no one can make it to Friends Night in January, make sure they know about it for February.

Habits are formed, and success is easy 

Once you have these habits and systems in place, you don't work at your goals anymore. They happen on their own. In January and February in 2017 I was working out constantly and thinking and planning about getting fitter all the time. Through March and April, I got bored, I put my systems in place, and I did things without even thinking. In September I glanced in the mirror and noticed I had the best muscle definition of my life. 

Success didn't happen when I was chasing it, but when I'd built a system that had me nurturing those goals every day.

In the same way, I opened a First Home Saver account in my teenage years. This was an Australian Government incentive where they would pay you a 17% bonus on any money invested, up to a certain amount. To get the full incentive you needed to deposit $5,000 a year, or $96.15 a week. I set up an automated transfer and forgot about it until three years later, when I withdrew almost $20,000.

Learn your systems, and don't break them

I leave you with a word of warning - every system needs maintenance. Most importantly though, every system has an on-switch. Your systems for success aren't a perpetual motion machine, and they won't keep going if you neglect them.

Skipping a day or two may seem harmless, but each skip weakens the systems. If you stop exercising because you have a cold, when you start again it's almost (but not quite) like building the habit from scratch. Thankfully systems are easier to revive than to build, but reviving them is work, which is frustrating when you had a no-effort system in place.

Secondly, learn what the go-button is for your system, and don't break it. My afternoon workouts were done in the garage, using weight plates and a yoga mat for comfort. In early 2018 Mr. FIRE decided he also wanted to get fit, and moved the workout gear inside the house where they were easier to use. Within a week, my routine was gone - rather than working out when I got home, I would come inside and greet Mr FIRE. Somehow, time would whirl away, and I wouldn't get to my workouts. I didn't pick up the routine again for another 6 months.

Lastly, tie your habits to something you can't miss. For example, if you tell yourself you will exercise at 6pm, and get home at 6:15pm then the moment is gone. However if you're workouts are tied to 'when I get home from work' then you can guarantee you'll exercise every day - at least until you take holidays, or hit the dream of Financial Independence.

Tuesday, 15 August 2017

Five things you wont find in a finance bloggers budget

There are a lot of things in the world worth paying for. Good food, warm blankets, a roof over your head and comfy bed to snooze in every night. There are also a lot of things that you should never waste money on. Some are ridiculously overpriced, some are unfair, and some have free alternatives lying around.

It's important to keep in mind that just because we don't pay for these things, doesn't mean we're missing out. There are so many free alternatives in the world that it's foolish not to take advantage of them. In this world of entrepreneurs every single transaction has been monetized. From grocery shopping, to house chores, to paying for a puppy party, if you want to spend money on an experience, someone has devised a way to handle it.

Instead of paying, here's a list of five things you'll never see on a finance bloggers budget.

#1 Finance bloggers don't pay for music

I am listening to Spotify as I write this post. I listen to Spotify as I ride to work. When my friends and I wanted a dance party but couldn't afford a DJ we just spun up a great Spotify playlist.

You don't have to pay for Spotify. With the free version you have to listed to an advert every six or seven songs. It won't kill you, but you will reach a point where you can quote each advert word for word.

The only problem with free Spotify is that the bands don't make any money from you. If you want to give a band some money, find a way to do it directly. Buying albums or paying for subscriptions services gets a little bit of money to the band eventually, but most of it is eaten up by paying record labels and the platform.

#2 Finance bloggers don't pay for bottled water

The most ridiculous expensive first world luxury - bottled water. Seriously, it's just water! It comes out the tap! A litre of petrol is around $1.50 right now and everyone is constantly outraged at the expense of this processed, imported liquid that runs our cars, and yet we don't bat an eye at paying $3 a litre for water.

The water that comes out my kitchen tap costs $2.27 for a kilolitres. That's 1,000 litres, or 0.2 cents per litre.

While I'm complaining about water, be careful ordering water in a restaurant. I once asked for water for the table. The waitress asked if I wanted still or sparkling and (not being used to high class dining) I said still. When we checked the bill at the end of the night we were charged eight dollars for water.

#3 Finance bloggers don't pay bank fees

How much do you hate seeing this screen? "You will be charged $3.00 for this transaction". I love seeing that screen because I don't pay those fees. ING Direct pays those fees for me. The fee is charged by whichever banks ATM I am using, but ING simply covers the cost for me.

I guess it works out for ING as a cost of business. They could be paying to install and maintain ATMs, or they could just cover the cost of their customers using everyone else's ATM network. It's a great deal for me, and a great deal for them.

I also don't pay any ridiculous month to month 'maintenance' fees. In fact ING pays me one of the greatest interest rates on the market right now. Oh, and their customer service is pretty amazing.

Want to join the best bank out there? Sign up with my referral code EBB062. Deposit $1,000 in the first month, and ING will shout us both $75.

#4 Finance bloggers don't pay for garbage bags

This one baffles me. When you buy garbage bags you are buying something just so you can throw it in the bin. I wrote a post about throwing your money in the bin, but this is next level ridiculous!

A roll of garbage bags typically costs about $5 - just to wrap up your garbage. For some reason you can even get scented garbage bags.

Skip the absolutely ridiculous cost of garbage bags. You don't need it. Instead buy more fruit and vegetables, and hoard the small plastic bags that you bought them in. Congratulations - you now have an endless supply of garbage bags.

And no, your trash won't smell. With small bags you'll be taking it out from under the sink to the wheelie bin before it starts to smell bad.

Bonus - start a compost bin or get some chickens! Instead of an overflowing garbage bin, you'll have an abundance of compost and rich soil so you can grow veggies and slash your food bill.


#5 Finance bloggers don't pay for exercise

Look at all these fit gorgeous people running on treadmills. You want to be like them to, so you should pay for a gym membership right? Wrong! It's a trap and you should run (literally) the other way. Go outside. Find a park and run under some trees. Run at dawn if you're a morning person because it is gorgeous outside. Or if you're a night person download the free Zombies. Run! training app and run after dark - it's creepy and amazing.

Not into jogging? Prefer weight lifting? Keep on eye on Gumtree or Craigslist for weights, and let your friends know you're looking. Mr FIRE and I picked up a full weight lifting kit for a measly $50. Including a weight bench and close to 100kgs of weights. We're just looking for a squat rack if anyone has one going ;)

Prefer cardio - use youtube. Looking for some yoga? Try the Down Dog app. I've had three different yoga instructors and I can honestly say the Down Dog is better than all of them.

Bonus: Finance bloggers don't pay for ... date night accessories

As a bonus, many finance bloggers report every item of their spending. They meticulously list the cost of toilet paper, a dozen eggs, happy hour beers and their new-to-them shoes. But I have never ever seen a finance blogger report the costs of, ahem, 'date night accessories'.

Are we really boring? Or perhaps we're hiding our costs under and overblown grocery spend. Either way, you'll definitely never see these in a a finance bloggers budget report.


Sunday, 1 January 2017

SMART new years goals

I never make New Years resolutions. It strikes me as quite foolish to say that since the number in the date changed, you have to change too. But my partner went white-water rafting over the break, and I stayed home because I had no annual leave. I also didn't want to die, but that's besides the point. Not that the rafting was going to be terribly dangerous, but the guy leading the trip has a track record for near-death experiences for him and his friends. Think abseiling and getting knocked unconscious, misreading a river and getting sucked through an underwater channel. That kind of near death.<br />
<br />
<!--more--><br /><br />
So I spent New Years at home, alone. It wasn't too terrible at first. I was puppy-sitting and since I had no idea how he would react I wasn't going anywhere. Apart from a bit of shaking we were fine, no barking, no whining. So if I have him visit again I know we'll be okay for fireworks.<br />
<a href="https://www.blogger.com/null" name="more"></a><br />
<br />
I also had a really good New Years Eve. I took the puppy for a giant walk, caught plenty of Pokemon and got sunburnt. I went to Bunnings, bought some summer veggies (finally) and got them planted, as well as making a frame for the zucchinnis to climb. I made myself some decent coffee (latte art continues to elude me) played some video games, and watched some movies. I drank a bit, and went to bed around 1:30am feeling a little lonely, but really tired after a busy day.<br />
<br />
And then New Years day I watched movies and started to binge watch True Blood. I only walked the puppy for about 15minutes. I did drop by a skate park, but the swarm of school holidays kids convinced me not to even try.<br />
<br />
And then the New Years day public holiday I watched more True Blood. I did manage to get out to the skate park for about 20minutes, but only cause a friend got there first and asked me if I wanted to come by.<br />
<br />
In short, on New Years Eve I created something. I exercised a lot. I lazed around a bit, and I had a great day.<br />
<br />
The other two days I lazed around <i>a lot. </i>I created nothing. I exercised a little. They were really disappointing days. They weren't bad days, but I didn't feel excited or fulfilled. I did download 3 versions of Candy Crush.<br />
<br />
So, I'm not going to make any resolutions to be 'more productive' or 'exercise more'. But I am going to set myself a couple of Specific, Measurable, Attainable, Rewarding and Timely goals.<br />
<b><br /></b>
<b>Create something every month</b><br />
I know how to knit, I have all the supplies to make basic chainmail or jewellery, I can code and could make a really basic game, I love building things (basic, messy, functional woodwork) and I have a rough idea in the back of my head for a DnD campaign. Just writing this sentence has given me about twelve ideas, one for each month!<br />
<br />
<b>Do something fun and physical 4x a week</b><br />
I try and rock-climb once a week. Roller derby is starting up again and training is 3x a week. I love slacklining and have the all clear from my doctor. Plus the local skate park is about 10minutes away. This isn't really a stretch goal, but a reminder to myself to make sure I get out enough.<br />
<b><br /></b>
<b>Apply for at least one freelance contract a week</b><br />
And finally, on a less fun more financial note. I have intermittently worked from home on freelance contracts. I enjoy short-term creative work. I hate data entry. I generally apply for data entry work because it's easier, then I get a decently sized job, get bored out my brain and stop working for a couple of months. I'm going to put some more effort into apply for contracts that interest me, not just ones that seem to pay well for easy work. I do this for bonus income, but also to make the most of my free time. I'd rather work on contracts that count towards my one creative item per month, than just get a couple of extra dollars for mind-numbing monotony.<br />
<br />
Oh, and this is on top of the financial goals that inspired me to start this blog (20k by 1st July). Because what's life without too many goals<br />
<br><iframe src="https://www.facebook.com/plugins/like.php?href=http%3A%2F%2Ffirebythirtyfive.blogspot.com.au%2F2017%2F01%2Fsome-smart-new-years-goals.html&width=450&layout=standard&action=like&show_faces=true&share=true&height=80&appId" width="450" height="80" style="border:none;overflow:hidden" scrolling="no" frameborder="0" allowTransparency="true"></iframe>

A quick 2023 check-in

I have been away for a tumultuous 12 months. I made a lot of changes. I changed career, I removed my birth control, and I very nearly ended...