Make an Extra $100/Day with These Work-From-Home Side Hustles

Mindy:
Whats up everyone and welcome to the BiggerPockets Cash Podcast the place we interview Jackie Mitchell and discuss all of the alternative ways she has managed to make an additional $100 per day and why she’s doing it. Whats up, hi there, hi there. My identify is Mindy Jensen, and with me as all the time is my $100 co-host, Scott Trench.

Scott:
Thanks, Mindy. Nice to be right here and nice to study from any person who’s stacking Benjamin’s.

Mindy:
She is stacking Benjamin’s each single day. Scott and I are right here to make monetary independence much less scary. Much less only for any person else. To introduce you to each cash story as a result of we actually imagine that monetary freedom is attainable for everybody, regardless of when or the place you might be beginning.

Scott:
That’s proper. Whether or not you need to retire early and journey the world, go on to make massive time investments in belongings like actual property, begin your individual enterprise or just discover artistic methods to make an additional $100 a day. We’ll provide help to attain your monetary targets and get cash out of the way in which, so you may launch your self in direction of these desires.

Mindy:
Immediately’s cash second is, do a clothes swap. Are you sick of your garments however you don’t need to pay for brand new ones? Get a number of mates collectively, deliver all your garments that you just don’t put on anymore and swap them. Something left over could be donated to your native Arc or goodwill.
Do you’ve got a cash tip for us? Electronic mail [email protected].
Jackie Mitchell is a 25-year-old rising TikTok star based mostly in Columbus, Ohio. She’s documenting a 100-day problem the place she works every kind of facet jobs to make an additional $100 a day. Jackie, welcome to the BiggerPockets Cash Podcast. I’m so excited to speak to you about this problem.

Jackie:
Thanks a lot for having me. I’m tremendous excited to be on and speak with you guys.

Mindy:
Jackie, are you able to inform us slightly bit about your self?

Jackie:
I can. So I’m from Columbus, Ohio, such as you stated. Not initially, however I stay there now with my husband. I’m 25. I work at a church full-time. My husband’s an audio engineer, and we stay in an condo with our very orange cat, Obie, who likes to trigger loads of bother. And, I’ve simply been documenting my expertise on what it’s wish to earn slightly bit of additional cash on the facet if it’s reasonable.

Mindy:
And may you inform us slightly bit about your childhood almost about cash?

Jackie:
Completely. I grew up in Pittsburgh with each of my dad and mom and my youthful brother, and my dad and mom had been actually good about instructing us the way to funds, the way to be financially literate, tremendous grateful and blessed for that. My dad and mom all the time instilled in us the significance of saving what we do have and discovering methods to avoid wasting, discovering methods to spend much less cash, so was all the time central to my life. I used to go thrifting with my mother on a regular basis, even earlier than thrifting was a cool factor that the children did and I beloved it and I nonetheless do it to at the present time. So it’s all the time been ingrained in me, undoubtedly from a younger age. And I additionally suppose I’ve all the time had a knack for making more money, proper? So I used to be all the time the child who was organizing lemonade stands, attempting to consider summer time enterprise concepts.
I keep in mind one time we had this big crab apple tree in our yard. My dad needed all the crab apple droppings picked up, so he advised me and my buddy, “Hey, I’ll pay you a cent, only a penny per crab apple.” And he stopped counting after 4,000 and we ended up making $40, which I believe is much more than he anticipated, however whenever you get $20 as a child, which may as nicely be 200K. So I’ve all the time had that knack for locating further methods to earn a living.

Scott:
Superior. And is that what prompted this 100-day problem or what introduced this about?

Jackie:
So slightly bit behind the 100-day problem for me personally is simply that we’re saving as much as purchase a home. Columbus isn’t actually a excessive value of residing space, however with how issues are going, it’s going to get there within the subsequent few years. It’s a very scorching job market proper now. Intel’s been constructing this big facility that’s been driving 1000’s of jobs. So the true property market’s actually scorching. I’m seeing stuff fly off the market and for me as a possible first time dwelling purchaser, that’s actually scary and I really like what I do for my day job. I completely like it, nevertheless it’s undoubtedly extra of a ardour challenge than it’s a excessive incomes job. So I needed to seek out some methods to make the most of my free time and make some more money and save up for a down cost.

Scott:
Superior. Is there a motive why it was 100 days? You needed $10,000 particularly?

Jackie:
$10,000 would assist, particularly. I believe that’s what would shut the hole on my objective and it additionally simply felt like a pleasant spherical quantity. You recognize what I imply? While you need to do a problem, it sounds slightly bit wordier whenever you get into, for 72 days I need to make $18 and 70 cents. You recognize what I imply? No matter it’s. So I simply needed a pleasant spherical quantity and in order that’s a part of the rationale I got here up with 100 and 100.

Scott:
Superior. So let’s dive into it. What did you begin with and let’s hear about a number of the methods you’ve made these further $100 and the artistic ones, the toughest ones, the best ones, all the great things.

Jackie:
I believe to this point I’ve actually run the gambit and there’s tons extra to find. Once I began, loads of those I used to be doing had been ones that I had already utilized in school. So that is one thing that I had been accomplished loosely doing, simply to earn some further money whereas I used to be in school to avoid wasting up for a visit, stuff like that. Issues like Swagbucks, which is a paid survey web site they usually do cell sport presents. They’ve bought some buying presents, so I’d been using them for some time. Prolific is one other web site that I used rather a lot already earlier than this problem, which might be a web site that both researchers or client research run brief little surveys, so possibly they’re like 5, 10 minutes lengthy. You receives a commission per hour for these. So I’ve been utilizing that. Another on-line work.
Knowledge Annotation is one other web site that I’ll use, very often, truly now that I’ve gotten into it. After which outdoors of that, I’ve cooked for mates, I’ve accomplished meal prepping for mates, I’ve given piano classes, I’ve performed occasions for cash. I’ve offered stuff on Fb Market. My coworker gave me a large bin of Beanie Infants that I’m promoting on Fb Market proper now. So I’ve actually run the gambit. The factor that’s up subsequent for me that I might like to attempt, although, is Instacart Purchasing, however I’m on the wait listing. I like to grocery store they usually gained’t let me in, so I’m counting down the times.

Mindy:
Hey Instacart, when you’re listening to this, let Jackie into your program. Okay. So what number of hours do you suppose you’re averaging per facet hustle or per day whenever you’re attempting to get to your $100?

Jackie:
So this could simply differ on what’s obtainable per day, however I might say sometimes three hours possibly? Possibly 4 on a tough day. If you will get into one thing like a spotlight group, which is much less constant, proper? Focus group research aren’t going to occur usually, however after they do, that’s like $50 to $200 only for one hour research, proper? However I might say usually talking on a day-to-day foundation, I’m placing in at about three hours of labor, 4 hours of labor.

Mindy:
Okay. So when you make $200 as we speak, do you skip tomorrow or do you continue to leap on tomorrow?

Jackie:
Generally, however I’m attempting to be good about that. Partially as a result of my viewers isn’t searching for me to take breaks, though I’m undoubtedly, however I additionally need to be delicate to, if I need to work, I higher do it now as a result of if I get up the subsequent day and I’ve any inkling to work any further hours, that’s significantly better than ready for the day that I’m sick and I don’t need to. However I used my paid further time without work a very long time in the past, so each infrequently, I’ll name it brief, I all the time say any progress is progress. So if I’ve hit $95 for the day, however I’m about to go to sleep, I’m so drained, that’s adequate. And there’s loads of days that I make like $112, so all of it evens out. Proper now I believe I’m about three days forward of my objective.

Mindy:
Oh, nicely that’s superior.

Scott:
Implausible. And so what’s … the best means you stated goes to be a spotlight group, to this point? While you discover these, you pounce on these, that’s an ideal alternative. What’s been the toughest?

Jackie:
A pair laborious ones are simply issues which can be grueling. Some prolific research, researchers need to do a psychological research or a research on how individuals react in social conditions. And typically these are significantly complicated on goal. So I’d say typically that will get laborious since you don’t know what the aim of the research is or they’re asking you to do actually menial duties which can be grueling, however you simply by no means know what you’re going to get into whenever you join a research there. After which I might additionally say a number of the stuff I do on Knowledge Annotation is simply actually mind-numbing stuff. It’s simply plug and chug typing, loads of that. So these are the 2 that I might say take probably the most work for the pay, however they’re additionally the 2 of probably the most constant ones, which I believe is sensible.

Mindy:
What’s Knowledge Annotation and the way does any person qualify for that job?

Jackie:
So I get it as a result of Knowledge Annotation gave the impression to be one thing that wasn’t on lots of people’s radar earlier than this podcast. I don’t work instantly for this firm, so this isn’t one thing that I’m essentially touting from the rooftops there, however it’s, in a basic sense, I can’t get into specifics an excessive amount of, however what I do on their web site is take replies and responses from giant language fashions, so giant AI chatbots which can be used both for most people or for a selected goal. And I’m analyzing these responses, I’m truth checking it for issues like verbosity, am I checking to ensure it’s understandable? How’s the readability? Then I’m enhancing all of these responses to make it higher for the chatbot after which I’m feeding it again to the chatbot. A few of these are extra hyper-specific they usually’ve bought much more particular necessities for every flip. However in a basic sense, that’s what I do on that web site.

Mindy:
Okay. That’s tremendous fascinating.

Jackie:
Sure. I do know.

Mindy:
You stated there are some issues which can be particular. So BiggerPockets is an actual property investing web site. Scott and I each work there. We have now loads of excessive degree actual property investing data. It’s one thing you may study, nevertheless it’s extra like lifelong data. Are there alternatives which can be hyper-focused on lifelong data the place any person could be extra certified for that? I’ve bought 25 years of actual property expertise, so I might be extra of a match than you’ll for that individual job. I’m actually butchering this query, however is there a means so that you can do hyper-specialized issues like that after which are these Knowledge Annotation jobs paying extra to me who has completely different skillsets?

Jackie:
I believe that’s an ideal query. So I can communicate slightly bit into this, however clearly I don’t qualify for a few of their hyper-specific duties, however I may give you a basic concept of what I believe they’re searching for. So simply as a broad assertion on their web site, they are saying they like individuals with sturdy writing and logical important reasoning abilities. In order that’s an all throughout the board encompassing, whenever you take their evaluation, that’s what they’re going to ask you. So that’s simply the pre-screener to see when you get in. After which you might be qualifying and basically for every challenge group that you just’re getting. So I’m qualifying for a subset of tasks to work on that has numerous duties. However I do get issues that come throughout my dashboard rather a lot for issues like, is your second or first language Japanese? Do you’ve got expertise coding? And people do appear to pay greater than those that I’m getting simply because that’s a smaller subset of the neighborhood that may be engaged on there.

Mindy:
That’s so cool. I’m going to go examine that out. That’s, as a result of that, I may speak all day.

Scott:
What’s the hourly pay for this?

Jackie:
It is determined by the challenge. Identical with Prolific. So loads of these websites are going to be per both job group or per bigger system of whether or not it’s the identical mannequin throughout all boards or if it’s a extra particular tougher job. I might say for Knowledge Annotation, my pay vary is someplace between $20 and $30 an hour. Prolific is taking a look at possibly $12 to $25 an hour, one thing alongside there. After which I’ve additionally heard Remotasks is similar to Knowledge Annotation. I haven’t tried them out. I’m truly on the wait listing for them, however they, I believe are paying equally for comparable duties as Knowledge Annotation is.

Scott:
So what’s your, within the subsequent 50 days, I assume you’re going to do extra experimentation with that, what are a number of the areas that you just’re excited to discover subsequent, that you just suppose is perhaps actually good greenback per hour choices?

Jackie:
One of many issues I’ve been tremendous enthusiastic about that I’ve solely gotten into not too long ago and solely due to this problem is content material creation. In order that’s one thing that was solely obtainable to me as a result of I began this problem and gained any form of platform or any form of following. So stuff like UGC for manufacturers, I’ve accomplished a few model advertisements, which to me the turnover charge on how a lot work I’m doing to edit a video, submit a video versus what I’ve accomplished earlier than. I imply that’s actually excessive charge of pay for the hour that I’m placing into it or no matter. In order that’s been big. Online marketing, I’ve began an Amazon associates program, so I’ve bought some hyperlinks in my bio there. So I’m testing out the waters by way of affiliate internet marketing and content material creation. That might solely be obtainable to me as a result of I began this problem. So it’s sort of full circle.

Scott:
So what’s a typical day within the life like for you at this level? What number of hours are you placing in at your full-time job after which along with that, these extracurriculars?

Jackie:
So I work from 9 to 4. I’ve a brief commute, which is good, so it doesn’t take me too lengthy. I’d in all probability get off the bed like 7:30 or 8:00. I attempt to not do an excessive amount of work if I don’t need to earlier than my day job, similar to to begin my morning good. And I’m a morning particular person anyhow. I simply need to benefit from the morning and get my day job accomplished. I head dwelling at 4:00 and I’m at dwelling often most days round 4:30. After which I undoubtedly all the time activate my heated blanket, sit in mattress to do some work as a result of if I can work from mattress, I’m going to work from mattress.
After which it simply relies upon. My husband doesn’t get dwelling till 6:00, so I often have a window of 1 and a half, two hours the place I’m not doing something specifically. In order that’s a pleasant time to knock out a few hours of both Prolific research, Knowledge Annotation, a spotlight group, content material creation, stuff like that. After which something I can do to get that accomplished earlier than 8:00 or 9:00 PM is nice as a result of it does take me about an hour to edit my movies and do the voiceovers from the day before today.

Scott:
Superior. And when you weren’t working a full-time job and had time in the course of the day, would there be higher or extra alternatives, particularly within the opportunistic area?

Jackie:
I might undoubtedly say that I might be doing a bigger amount of those jobs. So very not often am I hitting the restrict of what’s obtainable to me. So there’s all the time extra jobs obtainable from most of those websites. I might say Prolific is one which dwindles on the weekends, however for probably the most half it appears like loads of these websites actually need staff. So I’ve but to hit a wall the place I’m like, I actually can’t make $100 a day. To me, it looks like I’m working out of hours, they’re not working out of duties.

Scott:
Superior. And have you ever thought of issues like, hey, there’s an occasion happening, or one thing like that, they usually’re searching for workers that may assist that and there’s a possibility to make far more in there? Or are you actually searching for stuff by and huge that you are able to do from dwelling?

Jackie:
I’m taking a look at each. I’ve undoubtedly accomplished both just a few random in-person duties like buying and cooking for individuals. I’ve accomplished piano occasions earlier than and I’ve additionally labored within the service business. Earlier than this, I labored a second job within the evenings at a steakhouse, so I undoubtedly am open to that. However I do suppose my viewers is particularly searching for issues which can be accessible to somebody like a stay-at-Residence mother. And I need to be delicate to that as a result of the rationale that I’m getting any alternative like this in any respect is due to my viewers. So I do attempt to prioritize issues that may be reasonable for a working mother or a full-time caretaker.

Mindy:
Okay. So now we have to put our Finance Friday hats on and ask when you’ve thought of leaving your full-time place to pursue this full time.

Jackie:
I’ve in no way, however my full-time job was by no means concerning the wage for me. So I believe that’s why I really like what I accomplish that a lot and I can’t overstate that. So I believe that’s a part of the rationale that I’ve a lot vitality to do different duties on the facet is as a result of I need to be delicate, too. I do know lots of people really feel possibly caught at their job or they really feel drained by their day job, and I’m in a very lucky place to not really feel that means. So I actually love what I do. I really like my coworkers. It’s not one thing I’m contemplating presently. I simply actually love what I do. However once more, extra of a ardour challenge for me than a giant earnings supply.

Mindy:
I believe what you’re doing is a superb possibility for testing out different issues. If you happen to can go on dataannotation.tech and begin attempting out these jobs and also you’re like, “Oh, you understand what? I actually hate this, however I’m a piano participant and I by no means considered taking part in in public and now I can as a result of, because of Jackie’s TikTok movies, I used to be reminded that individuals pays individuals to play piano for them, and now I can have this job that I really like.” I’ve had jobs that I hate, and whenever you rise up within the morning, your soul is crushed just a bit bit extra since you’re like, “Oh yeah, it’s Monday, I’ve to go to work.” So when you’ve got a job that you just love, it’s actually such a non-soul crushing occasion. You wouldn’t contemplate quitting. So I completely get that reply. Completely get that.
So that you doc this on TikTok, like we’ve talked about. Why did you determine to do this?

Jackie:
That’s the query. By way of my day one submit, I do not know why I posted it past simply the imprecise notion of needing accountability. So I assumed if I submit this and somebody sees it, one among my mates sees it they usually know I’ve posted it, I’ve bought to submit day two. I like to make issues a contest with myself, however that may solely get you to this point. I do additionally need accountability from others, and inside that first day of a whole lot and 1000’s of likes and feedback like, “Oh, I need to see what day two’s like,” I used to be like, I actually have to really decide to this now. So it was surreal, however I believe I simply posted it as a result of I needed to ensure I might truly keep on with my objective and that’s undoubtedly labored. I can’t cease now.

Scott:
When did you first see it resonating with different those that weren’t a part of your core community?

Jackie:
I might say day one, I used to be actually stunned as a result of I had a couple of hundred followers. So actually my community at the moment was just a few mates or some auxiliary accounts that had been following me. However up till that time, I actually hadn’t had any form of viewers. So I’d posted that and my follower rely jumped by a number of 1000’s, so I used to be like, “Wow, okay. It looks like individuals need to see this. That’s nice.” After which I believe on day 9, that video was significantly, which may’ve been the video you guys noticed. That one sort of bought loads of traction and gained me a big portion of the followers that I’ve right here as we speak.

Mindy:
What was that video?

Jackie:
That was day 9 of my problem, and it was only a regular day. I can’t perceive significantly what was so attractive about that day. I did just a few completely different presents. I did like a swag bucks sport provide. I did some knowledge annotation. I talked about promoting some Beanie Infants on-line, so I don’t know what was attractive about that. I don’t know if simply the algorithm picked it up, however that was my larger break into gaining a bigger viewers.

Scott:
What’s attractive about it’s the truth that it’s so achievable and relatable, proper? That’s, I believe, one of many issues we like to speak about right here on BiggerPockets Cash is the massive story is any person with a really regular earnings with a robust financial savings behavior achieves monetary freedom or builds wealth over an affordable time period by means of laborious work and extremely relatable method. And that’s all you’re doing right here, which is why you’re so extraordinary is as a result of anyone can do what you’re doing right here. It’s simply placing within the hours, you’re working a full-time job and you then’re going dwelling and doing extra work, and that’s going to accrete big advantages to your life over time, and it’s simply actually inspiring to see it being accomplished.

Jackie:
Thanks. I completely imagine anybody can do it.

Mindy:
You’re aiming for $100, you’re not aiming for $10,000 a day, and that’s what I really like is that it’s completely doable.

Scott:
And what are some questions you’re getting from of us from the neighborhood?

Jackie:
One of many greatest ones I get is certainly how I’m dealing with taxes, and I believe that’s a brilliant legitimate query. I’m going to get hit with fairly just a few 1099s this 12 months. So what I all the time inform individuals is you all the time have to trace your bills and your earnings individually, even when a web site tracks it for you, even in case you have all your pay stubs recorded. I might inform individuals to all the time put into only a easy spreadsheet what you earned, what number of hours that took you, as a result of you could look again on the finish of the 12 months and even not for tax functions, you could simply say, this wasn’t price how a lot cash I made for what number of hours I put in, however you could not be capable of have a look at that till it’s means too late, proper?
So observe that by your self after which you can also make estimated funds quarterly for taxes. And in order that’s what I do as a result of although it’s the identical quantity, whether or not I pay all of it in March or I pay it 4 occasions a 12 months, it simply feels such as you’re paying slightly bit much less. That’s what I’ll name, individuals get into woman math. I believe woman math could be to do 4 funds quarterly. However when you make estimated funds, I believe you’re going to err in direction of the facet of a return fairly than get hit with that enormous lump sum on the finish, which I believe is a very massive profit for lots of people.

Scott:
I didn’t even contemplate that and I ought to have. That makes loads of sense that you just bought to be monitoring all of these issues.
What’s the most enjoyable work that you just’ve accomplished up to now, no matter earnings to per hour ratio?

Jackie:
I believe probably the most enjoyable for me has simply been by means of TikTok. I truly bought accepted into their Creativity Beta Program, which pays creators a portion of the income from certified views. So I’m truly getting paid slightly bit each time I submit a video that’s over one minute lengthy. So to have the ability to create content material that I used to be already creating, that I already like to create and I used to be going to share without cost anyhow, to have the ability to make any income off that in any respect is superb. I all the time share that once I make that in my movies and it’s been simply between $5 and $25 a day, however once I’m aiming for $100 a day, that’s 1 / 4 of my objective. That’s superb.

Mindy:
Okay. You stated individuals are asking about taxes and on the finish of the 12 months you may go over and see if there’s something you wouldn’t do once more. Is there something that you just’ve accomplished in these first 50 days that you’ve got stated, “Properly, that was fascinating to attempt. I’m by no means doing that once more.”

Jackie:
That’s a superb query. I believe not simply within the 50 days that I’ve accomplished, however simply in a holistic 4 years, 5 years of doing this all through school and whatnot, in my early maturity, I might say duties that pay per job a pair cents, it could appear to be you are able to do loads of these. So stuff like Swagbucks, loads of different survey websites are providing cents per job. I don’t suppose that that often provides as much as be price it. It methods you into considering like, okay, if I simply do sufficient of these an hour, I’ve truly bought a fairly good likelihood of doing loads of duties, however to me it hasn’t been price it.
So by way of particularly Swagbuck’s web site, as a result of I do know lots of people use it, I’ve bought loads of followers that use that web site, I keep on with their sport presents and their buying presents, their surveys aren’t price what they’re paying, in my view, versus a good web site like Prolific that’s providing researchers the possibility to instantly speak to customers. They’re paying a a lot increased charge. So when you’ve bought a subset of comparable groupings of duties or comparable groupings of income sources, attempt to have a look at these after which say, “Can I put extra effort into this one which pays increased than proceed to place work into one thing that’s not going to make as a lot cash?”

Scott:
Is smart. So, a few of these days I’m positive you’re in a position to get to your objective fairly shortly, and a few days not a lot. Do you discover this consuming into loads of your free time? Is it creating loads of stress in your life or are you having fun with it?

Jackie:
That’s a superb query. I believe I’m not fairly confused, however I do undoubtedly really feel like I owe it to myself to maintain going, proper? So I’m considerably of a workaholic. I actually take pleasure in working. Once I labored at a restaurant again within the day, I appreciated working. I appreciated the sensation of coming dwelling and having labored two jobs, which I do know just isn’t lots of people’s actuality, it’s simply how I work. So I appreciated feeling completed, however I do need to be delicate to, funds are part of life, however they’re not the purpose of life, particularly not at the very least in my case. And so I need to be delicate to spending time with household and spending time with mates. One of many nice issues concerning the stage of life that I’m in with my husband is we’re each 25, we’re younger, we don’t have children.
After which our mates are additionally in the identical boat. They’re younger 20 one thing’s. They perceive the necessity to make further money. So even when we now have individuals over, we like to host, so we’ll have individuals over right here in all probability 4 or 5 occasions every week. We’re going to have somebody come over for dinner after this. I bought to begin cooking after this. However due to that, my mates are fairly open to the truth that I’m incomes more money, they’re supporting me on it. So say we now have dinner after which all of us simply hand around in the lounge. Somebody’s placed on a film. Nobody’s going to be upset if I say, “Hey, I bought to do a few hours of Knowledge Annotation on my laptop computer whereas we watch this film.” I’ve been actually blessed with mates that perceive that, and even just a few mates that do this together with me on their very own journeys to creating some more money.
I had a buddy, Erin, who came to visit a few days in the past, and all we did was activate a horror film, watch, bake some cookies and simply get began on some Knowledge Annotation and a few surveys. So it’s doable, it’s doable to do it collectively, I believe.

Mindy:
I used to be going to say, have them deliver their laptops over and you may have a Knowledge Annotation celebration.

Jackie:
Precisely. Precisely.

Mindy:
What are a number of the issues that you just’ve realized about your self throughout this problem?

Jackie:
I’ve realized that I undoubtedly work greatest once I’m not at dwelling. So the most effective issues to do on my time without work is simply to go to a restaurant, and I assumed this was similar to a me phenomenon, proper? You all the time suppose you’re the one particular person on this planet who feels these items. And what was good was loads of my followers shared that this was one thing referred to as physique mirroring or physique doubling. That’s truly a very efficient device for learning and for working functions, and it contributes to why individuals really feel like they could keep on job extra after they’re in a big group of individuals or in the event that they’re within the workplace, simply just because your mind sees different individuals working and it simply says, “Hey, I must be doing that, too, proper?”
So it’s a lot simpler for me to delay stuff, procrastinate once I’m dwelling alone. So I’ve discovered that it does actually assistance on my days off or within the evenings if I can get to a neighborhood cafe, sit down and other people watch. That makes all of the distinction for me. I don’t know if that’s partially as a result of I’m an extrovert?

Scott:
All proper. So I bought a query right here round you’re going to avoid wasting up $10,000. I’m assuming that you just guys produce other financial savings on high of that since you talked about your upbringing and frugal, value acutely aware, these sorts of issues. While you purchase your own home, what sort of home are you trying to purchase and have you ever thought of a home hack? Are you accustomed to that time period?

Jackie:
I’m solely a tiny bit, by means of you guys from what I’ve listened to to this point. So I’d love so that you can discuss that slightly bit extra. However I’m undoubtedly searching for, we’ve bought a fairly brief listing. We’d like two bedrooms and we’d wish to stay in a house someplace within the Columbus space, proper? However actually, we’re searching for fixer uppers, we’re searching for no matter. We’re not actually that choosy. We perceive that it’s our first dwelling and we’re not excessive earners, so we now have to be reasonable about what we’re getting.

Scott:
Completely. Simply throwing it on the market. If you will get a home with an additional bed room or two or possibly a duplex or one thing they usually pay a thousand {dollars} a month in lease, you’re $33 a day in direction of your objective of $100 a day with that individual funding. That’s all.

Jackie:
I like it. I’d be open to it. I really like that.

Scott:
So in addition to housing, what comes subsequent in your monetary journey after this problem?

Jackie:
So I believe after that we’ve bought some pupil loans that we’d like to pay down extra aggressively, proper? In fact, that’s lots of people’s targets. After which after that, I believe it’s time to have a look at the long run. So boosting our retirement financial savings or contributing to stuff like 529s for future youngsters and simply investing for the long-term, proper? For issues to be handed down for generations.

Scott:
What recommendation would you give for people who need to additionally discover artistic methods so as to add to their earnings? Are there issues that you’d return and alter, now that you just’re 50 days into the problem and inform individuals to begin with?

Jackie:
I might say to begin, it’s all the time greatest to have a look at your self, your skillset, and just be sure you know your self earlier than you go in. I believe one factor I see rather a lot is individuals possibly getting slightly bit annoyed that they’ll’t do particularly all the pieces that I do, however I can’t particularly do something that anyone else does, proper? We’re so extremely customized. So, like Mindy introduced up earlier, there’s going to be loads of abilities that you’ve got that I don’t, that may be higher suited to alternatives that I haven’t even discovered. So, first step is all the time going to be simply to know your self, know your skillset, after which even be reasonable about how a lot time you need to make investments. ‘Cos you may set as many targets as you need, however when you solely have two hours a day that you just’re prepared to speculate, you’re not going to finish up reaching your targets and also you’re going to make your self slightly bit upset.
After which I might additionally say that the most effective issues to do when you’ve got a lofty objective is to interrupt it into weekly or each day items. All of us can say, I need to get monetary savings. All of us can say, I need to save up for a home. I would like $10,000 to purchase a brand new automotive. All of these items are nice targets, however the motive we lose loads of momentum is as a result of that looks like an inconceivable job. It feels such as you’re standing on the face of the mountain and there’s no technique to scale it. So I might say by breaking it into smaller targets, $10,000 turns into $100 a day. Properly, that appears extra affordable. I can see how I can take that motion step. So, that’s my second piece of recommendation there.
After which my third piece of recommendation could be to make the most of on-line boards to vet all the sources that you just’re utilizing. So if you’re searching for extra methods to earn a living otherwise you simply need to make it possible for a web site that you just discovered is legit. I actually, I do know this sounds loopy, however I believe Reddit is only a useful gizmo throughout. I do know it will get a nasty rap the place I do know it will get slightly little bit of, “Oh, that’s for cash nerds and I can’t make the most of Reddit,” however I believe everybody can make the most of Reddit. I exploit loads of websites on Reddit for both frugality functions or one among my favourite websites could be, it’s referred to as r/Beermoney, and it’s simply what it appears like. It’s not sufficient to make a residing off of, nevertheless it’s websites like these that you would at the very least make a superb chunk of change on.

Scott:
These are unbelievable items of recommendation there. I need to ask one fast query about your objective setting. Do you’ve got a system for that or any kind of mechanism you’re utilizing to create these targets, chunk them down? Or is it pen and paper?

Jackie:
I imply, loads of it’s simply going to be pen and paper, dividing. You’re going to need to divide as a lot as doable. So, it’s important to know whenever you need your cash by, proper? So if it’s a financial objective, it’s important to know an finish date, in any other case you’re going to delay it as a lot as doable, proper? I imply, even the most effective of us need to procrastinate each infrequently. So, decide an finish date, decide a stable objective and go over it by slightly bit. If you actually need $5,000, set a objective of $6,000 to cowl taxes, bills, whatnot. After which after that, we’re simply going to divide that down from say, I’ve bought three months to do that objective. I must divide that per 30 days, then per week, then per day.
After which I might say all the time put that someplace you may see that, whether or not that’s on a house display screen in your cellphone, whether or not that’s within the mirror, in your bed room, on the kitchen fridge, something the place you may see it each day. I believe we’re prone to overlook about our targets. Certainly one of my bosses all the time says imaginative and prescient leaks, so we should be refilling imaginative and prescient day after day. So, loads of it’s simply reminding your self day after day, and when you’re immersed in it, you’re extra prone to truly obtain that objective. So put it someplace you may see it and make it bite-size.

Mindy:
Okay, we’re 50 days into the 100-day problem. What’s your content material going to seem like after day 100?

Jackie:
I might like to proceed making constant content material. That’s what I’m planning on doing within the new 12 months. I see myself as a extremely aggressive particular person, and I do love a superb problem. So I can foresee some challenges developing sooner or later. However I additionally submit rather a lot about budgeting and internet hosting on a funds. Reward giving. I’m actually keen about displaying individuals how they’ll host on a funds and that they don’t need to sacrifice high quality and magnificence for cash. I believe you are able to do each rather well. So I’m excited to focus loads of my content material creation on stuff like reward giving and internet hosting on a funds. And that is one thing that I get loads of questions on that I’m excited to speak about slightly bit extra is, I maintain my husband and Josh and I underneath $80 every week for 2 individuals for all of our groceries. So stuff like grocery budgeting, I like to share about that. So possibly a store together with me factor I might like to do sooner or later.

Mindy:
Oh, sure, sure. As a result of $80 for 2 individuals isn’t going to be attainable in each metropolis in America, however holy cow, I need to see, oh, it’s best to join with Funds Bytes, and are you aware budgetbytes.com?

Jackie:
I don’t, no.

Mindy:
Oh, she’s bought a complete web site crammed with recipes and he or she breaks out how a lot every ingredient prices.

Jackie:
I really like that.

Mindy:
So it’s like, you want a tablespoon of olive oil, that’s 12 cents or 3 cents or no matter it’s. So then you’ve got an concept of what the recipe’s going to value. I really like that store together with me concept. Oh, do this subsequent.

Jackie:
I’ll. Completely.

Mindy:
Okay. We’re all going to be following together with you, Jackie, and the place can we observe you yet one more time?

Jackie:
You’ll be able to observe me on TikTok and Lemon8. I’m posting budgeting and productiveness content material on each of these. My identify’s Jackie Mitchell on each of these websites.

Mindy:
And spell it out once more.

Jackie:
My username is J-A-C-L-Y-N, Mitchell with an additional L on the finish.

Mindy:
Superior. Jackie, this was tremendous enjoyable. Thanks a lot for doing the problem, and thanks a lot for sharing the problem with our listeners. I actually recognize your time as we speak.

Jackie:
Thanks guys a lot for having me. I had a good time.

Scott:
Thanks. This was unimaginable.

Mindy:
We’ll speak to you quickly.

Jackie:
All proper. Bye.

Mindy:
All proper. That was Jackie Mitchell and her $100 a Day Problem, and I simply love her. Scott, what did you consider the present and what did you consider her problem?

Scott:
Oh my gosh. I imply, what a tremendous girl right here. She’s simply crushing it with this. She’s bought an ideal factor happening with this. Actually, you may inform the monetary basis is tremendous sturdy. You’ll be able to inform that she’s hustling and that she’s constructed a neighborhood round her previous to even constructing this big following on TikTok that embraces the identical values. A really enjoyable and full life whereas working mainly a job after which a part-time job on high of that to get to her monetary targets. So actually admire that. I can’t wait to see what occurs when she begins accumulating these tens of 1000’s of {dollars} right here over time and begins investing them and the place this all finally ends up for her, as a result of I believe she’s on a very, actually good path that’s simply the very starting of its compounding journey.

Mindy:
Sure, I’m tremendous excited for her future as a result of she just isn’t afraid of laborious work and all the $100 a day choices apart, when you’re not going to do the work, you’re not going to make the cash. So I see Jackie’s future as a really vibrant star as a result of she is able to do the work. She’s prepared to do the work, and he or she is leaping in there with each ft. I simply completely love her. So, please go give her a observe on TikTok. Truthfully, I believe she wants her personal sub-Reddit as a result of I might devour all the pieces in that sub-Reddit, all of her data. I’ve subscribed to her TikTok feed simply so I can watch her movies each day. I really like her vitality, I really like her story, and we’re going to have her again subsequent 12 months when she’s doing her Come Store With Me movies. ‘Cos these are going to crush it, too. I appeared in my crystal ball.
All proper, Scott, ought to we get out of right here?

Scott:
Let’s do it.

Mindy:
That wraps up this episode of the BiggerPockets Cash Podcast. He, after all, is the Scott Trench. I’m Mindy Jensen saying Farewell Carousel.

Scott:
If you happen to loved as we speak’s episode, please give us a 5 star evaluation on Spotify or Apple. And when you’re searching for much more cash content material, be at liberty to go to our YouTube channel at youtube.com/biggerpocketsmoney.

Mindy:
BiggerPockets Cash was created by Mindy Jensen and Scott Trench, produced by Kaylin Bennett, enhancing by Exodus Media, copywriting by Nate Weintraub. Lastly, a giant thanks to the BiggerPockets crew for making this present doable.