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

Mindy:Good day all people 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. Good day, good day, good day. My title is Mindy Jensen, and with me as at all times is my $100 co-host, Scott Trench.

Scott:Thanks, Mindy. Nice to be right here and nice to be taught 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 consider that monetary freedom is attainable for everybody, irrespective of when or the place you might be beginning.

Scott:That’s proper. Whether or not you wish to retire early and journey the world, go on to make huge 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 assist you attain your monetary targets and get cash out of the best way, so you may launch your self in direction of these goals.

Mindy:Right this moment’s cash second is, do a clothes swap. Are you sick of your garments however you don’t wish to pay for brand new ones? Get a number of buddies collectively, convey all your garments that you simply don’t put on anymore and swap them. Something left over may be donated to your native Arc or goodwill.Do you have got a cash tip for us? E-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 all types 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 a bit bit about your self?

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

Mindy:And may you inform us a bit 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 tips on how to price range, tips on how to be financially literate, tremendous grateful and blessed for that. My dad and mom at all times 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 at all times 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 youngsters did and I cherished it and I nonetheless do it to at the present time. So it’s at all times been ingrained in me, undoubtedly from a younger age. And I additionally suppose I’ve at all times had a knack for making more money, proper? So I used to be at all times the child who was organizing lemonade stands, attempting to consider summer season enterprise concepts.I bear in mind one time we had this big crab apple tree in our yard. My dad needed the entire crab apple droppings picked up, so he instructed me and my good friend, “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 feel is much more than he anticipated, however whenever you get $20 as a child, that may as nicely be 200K. So I’ve at all times had that knack for locating additional methods to become profitable.

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

Jackie:So a bit 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 dwelling 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 residence purchaser, that’s actually scary and I like what I do for my day job. I completely like it, however it’s undoubtedly extra of a ardour undertaking 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 purpose why it was 100 days? You needed $10,000 particularly?

Jackie:$10,000 would assist, particularly. I feel that’s what would shut the hole on my aim and it additionally simply felt like a pleasant spherical quantity. what I imply? If you wish to do a problem, it sounds a bit bit wordier whenever you get into, for 72 days I wish to make $18 and 70 cents. 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 few of the methods you’ve made these additional $100 and the artistic ones, the toughest ones, the best ones, all the good things.

Jackie:I feel to this point I’ve actually run the gambit and there’s tons extra to find. Once I began, plenty of those I used to be doing had been ones that I had already utilized in faculty. So that is one thing that I had been finished loosely doing, simply to earn some additional money whereas I used to be in faculty to avoid wasting up for a visit, stuff like that. Issues like Swagbucks, which is a paid survey web site and so they do cell recreation affords. They’ve acquired some purchasing affords, 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 shopper research run quick 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.Information Annotation is one other web site that I’ll use, very often, really now that I’ve gotten into it. After which outdoors of that, I’ve cooked for buddies, I’ve finished meal prepping for buddies, I’ve given piano classes, I’ve performed occasions for cash. I’ve offered stuff on Fb Market. My coworker gave me an enormous 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’d like to attempt, although, is Instacart Buying, however I’m on the wait record. I like to grocery store and so they received’t let me in, so I’m counting down the times.

Mindy:Hey Instacart, should 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 is able to simply range on what’s obtainable per day, however I’d say sometimes three hours possibly? Possibly 4 on a tough day. If you may 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 examine, proper? However I’d say typically talking on a day-to-day foundation, I’m placing in at about three hours of labor, 4 hours of labor.

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

Jackie:Generally, however I’m attempting to be good about that. Partially as a result of my viewers isn’t in search of me to take breaks, though I’m undoubtedly, however I additionally wish to be delicate to, if I wish 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 additional hours, that’s significantly better than ready for the day that I’m sick and I don’t wish to. However I used my paid additional break day a very long time in the past, so each infrequently, I’ll name it quick, I at all times 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 ok. And there’s plenty of days that I make like $112, so all of it evens out. Proper now I feel I’m about three days forward of my aim.

Mindy:Oh, nicely that’s superior.

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

Jackie:A pair onerous ones are simply issues which might be grueling. Some prolific research, researchers want to do a psychological examine or a examine on how folks react in social conditions. And generally these are notably complicated on function. So I’d say generally that will get onerous since you don’t know what the aim of the examine is or they’re asking you to do actually menial duties which might be grueling, however you simply by no means know what you’re going to get into whenever you join a examine there. After which I’d additionally say a few of the stuff I do on Information Annotation is simply actually mind-numbing stuff. It’s simply plug and chug typing, plenty of that. So these are the 2 that I’d say take probably the most work for the pay, however they’re additionally the 2 of probably the most constant ones, which I feel is smart.

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

Jackie:So I get it as a result of Information Annotation appeared 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 might be used both for most people or for a selected function. 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 and so they’ve acquired 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 might be particular. So BiggerPockets is an actual property investing web site. Scott and I each work there. Now we have plenty of excessive stage actual property investing information. It’s one thing you may be taught, however it’s extra like lifelong information. Are there alternatives which might be hyper-focused on lifelong information the place any person could be extra certified for that? I’ve acquired 25 years of actual property expertise, so I’d be extra of a match than you’d for that specific job. I’m actually butchering this query, however is there a manner so that you can do hyper-specialized issues like that after which are these Information Annotation jobs paying extra to me who has completely different skillsets?

Jackie:I feel that’s an amazing query. So I can communicate a bit bit into this, however clearly I don’t qualify for a few of their hyper-specific duties, however I can provide you a basic thought of what I feel they’re in search of. So simply as a broad assertion on their web site, they are saying they like folks with robust writing and logical important reasoning expertise. 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 should you get in. After which you might be qualifying and primarily for every undertaking group that you simply’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 quite a bit for issues like, is your second or first language Japanese? Do you have 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 relies on the undertaking. Identical with Prolific. So plenty of these websites are going to be per both activity 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 activity. I’d say for Information Annotation, my pay vary is someplace between $20 and $30 an hour. Prolific is possibly $12 to $25 an hour, one thing alongside there. After which I’ve additionally heard Remotasks is similar to Information Annotation. I haven’t tried them out. I’m really on the wait record for them, however they, I feel are paying equally for comparable duties as Information 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 few of the areas that you simply’re excited to discover subsequent, that you simply 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 lately 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 finished a few model adverts, which to me the turnover charge on how a lot work I’m doing to edit a video, put up a video versus what I’ve finished 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. Affiliate marketing online, I’ve began an Amazon associates program, so I’ve acquired some hyperlinks in my bio there. So I’m testing out the waters by way of internet affiliate marketing and content material creation. That might solely be obtainable to me as a result of I began this problem. So it’s type 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 most likely get away from bed like 7:30 or 8:00. I attempt to not do an excessive amount of work if I don’t should earlier than my day job, similar to to start out my morning good. And I’m a morning individual in any case. I simply wish to benefit from the morning and get my day job finished. I head residence at 4:00 and I’m at residence normally most days round 4:30. After which I undoubtedly at all times 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 residence till 6:00, so I normally 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, Information Annotation, a spotlight group, content material creation, stuff like that. After which something I can do to get that finished 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 gone by.

Scott:Superior. And should you weren’t working a full-time job and had time through the day, would there be higher or extra alternatives, particularly within the opportunistic house?

Jackie:I’d undoubtedly say that I’d 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 at all times extra jobs obtainable from most of those websites. I’d say Prolific is one which dwindles on the weekends, however for probably the most half it seems like plenty of these websites really want 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, and so they’re in search of workers that may assist that and there’s a possibility to make far more in there? Or are you actually in search of stuff by and huge that you are able to do from residence?

Jackie:I’m each. I’ve undoubtedly finished both just a few random in-person duties like purchasing and cooking for folks. I’ve finished 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 in search of issues which might be accessible to somebody like a stay-at-Dwelling mother. And I wish 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 life like for a working mother or a full-time caretaker.

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

Jackie:I’ve by no means, however my full-time job was by no means in regards to the wage for me. So I feel that’s why I like what I achieve this a lot and I can not overstate that. So I feel that’s a part of the rationale that I’ve a lot power to do different duties on the facet is as a result of I wish 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 manner. So I actually love what I do. I like my coworkers. It’s not one thing I’m contemplating at the moment. I simply actually love what I do. However once more, extra of a ardour undertaking for me than an enormous earnings supply.

Mindy:I feel what you’re doing is a superb possibility for testing out different issues. In case you can go on dataannotation.tech and begin attempting out these jobs and also you’re like, “Oh, you already know what? I actually hate this, however I’m a piano participant and I by no means thought of 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 folks to play piano for them, and now I can have this job that I 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 have got a job that you simply love, it’s actually such a non-soul crushing occasion. You wouldn’t think about 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 resolve to try this?

Jackie:That’s the query. By way of my day one put up, I do not know why I posted it past simply the imprecise notion of needing accountability. So I assumed if I put up this and somebody sees it, certainly one of my buddies sees it and so they know I’ve posted it, I’ve acquired to put up 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 lots of and 1000’s of likes and feedback like, “Oh, I wish to see what day two’s like,” I used to be like, I actually have to truly decide to this now. So it was surreal, however I feel I simply posted it as a result of I needed to ensure I’d really follow my aim 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’d 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 buddies 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 folks wish to see this. That’s nice.” After which I feel on day 9, that video was notably, that may’ve been the video you guys noticed. That one type of acquired plenty 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 notably what was so attractive about that day. I did just a few completely different affords. I did like a swag bucks recreation 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 greater 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 feel, one of many issues we like to speak about right here on BiggerPockets Cash is the large story is any person with a really regular earnings with a powerful financial savings behavior achieves monetary freedom or builds wealth over an affordable time period via onerous 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 then you definately’re going residence 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 finished.

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

Mindy:You’re aiming for $100, you’re not aiming for $10,000 a day, and that’s what I 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 largest ones I get is certainly how I’m dealing with taxes, and I feel that’s a brilliant legitimate query. I’m going to get hit with fairly just a few 1099s this 12 months. So what I at all times inform folks is you at all times have to trace your bills and your earnings individually, even when an internet site tracks it for you, even when you’ve got all your pay stubs recorded. I’d inform folks to at all times put into only a easy spreadsheet what you earned, what number of hours that took you, as a result of chances are you’ll look again on the finish of the 12 months and even not for tax functions, chances are you’ll simply say, this wasn’t value how a lot cash I made for what number of hours I put in, however chances are you’ll not have the ability to take a look at that till it’s manner too late, proper?So observe that by your self after which you may make estimated funds quarterly for taxes. And in order that’s what I do as a result of despite the fact that it’s the identical quantity, whether or not I pay all of it in March or I pay it 4 instances a 12 months, it simply feels such as you’re paying a bit bit much less. That’s what I’ll name, folks get into woman math. I feel woman math could be to do 4 funds quarterly. However should you make estimated funds, I feel you’re going to err in direction of the facet of a return moderately than get hit with that enormous lump sum on the finish, which I feel is a very huge profit for lots of people.

Scott:I didn’t even think about that and I ought to have. That makes plenty of sense that you simply acquired to be monitoring all of these issues.What’s the most enjoyable work that you simply’ve finished so far, no matter earnings to per hour ratio?

Jackie:I feel probably the most enjoyable for me has simply been via TikTok. I really acquired accepted into their Creativity Beta Program, which pays creators a portion of the income from certified views. So I’m really getting paid a bit bit each time I put up 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 totally free in any case, to have the ability to make any income off that in any respect is superb. I at all times share that after I make that in my movies and it’s been simply between $5 and $25 a day, however after I’m aiming for $100 a day, that’s 1 / 4 of my aim. That’s superb.

Mindy:Okay. You stated persons 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 simply’ve finished 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 query. I feel not simply within the 50 days that I’ve finished, however simply in a holistic 4 years, 5 years of doing this all through faculty and whatnot, in my early maturity, I’d say duties that pay per activity a pair cents, it might look like you are able to do plenty of these. So stuff like Swagbucks, plenty of different survey websites are providing cents per activity. I don’t suppose that that normally provides as much as be value it. It tips you into considering like, okay, if I simply do sufficient of these an hour, I’ve really acquired a fairly good probability of doing plenty of duties, however to me it hasn’t been value it.So by way of particularly Swagbuck’s web site, as a result of I do know lots of people use it, I’ve acquired plenty of followers that use that web site, I follow their recreation affords and their purchasing affords, their surveys aren’t value what they’re paying, in my view, versus a good web site like Prolific that’s providing researchers the possibility to instantly speak to shoppers. They’re paying a a lot increased charge. So should you’ve acquired 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 certain you’re in a position to get to your aim fairly shortly, and a few days not a lot. Do you discover this consuming into plenty of your free time? Is it creating plenty of stress in your life or are you having fun with it?

Jackie:That’s query. I feel 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 preferred working. I preferred the sensation of coming residence and having labored two jobs, which I do know is just not lots of people’s actuality, it’s simply how I work. So I preferred feeling achieved, however I do wish to be delicate to, funds are part of life, however they’re not the purpose of life, particularly not no less than in my case. And so I wish to be delicate to spending time with household and spending time with buddies. One of many nice issues in regards to 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 buddies are additionally in the identical boat. They’re younger 20 one thing’s. They perceive the necessity to make additional money. So even when now we have folks over, we like to host, so we’ll have folks over right here most likely 4 or 5 instances every week. We’re going to have somebody come over for dinner after this. I acquired to start out cooking after this. However due to that, my buddies are fairly open to the truth that I’m incomes more money, they’re supporting me on it. So say now we 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 acquired to do a few hours of Information Annotation on my laptop computer whereas we watch this film.” I’ve been actually blessed with buddies that perceive that, and even just a few buddies that do this together with me on their very own journeys to creating some more money.I had a good friend, 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 Information Annotation and a few surveys. So it’s attainable, it’s attainable to do it collectively, I feel.

Mindy:I used to be going to say, have them convey their laptops over and you’ll have a Information Annotation get together.

Jackie:Precisely. Precisely.

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

Jackie:I’ve realized that I undoubtedly work finest after I’m not at residence. So among the finest issues to do on my break day is simply to go to a restaurant, and I assumed this was similar to a me phenomenon, proper? You at all times suppose you’re the one individual on the earth who feels these items. And what was good was plenty of my followers shared that this was one thing referred to as physique mirroring or physique doubling. That’s really a very efficient instrument for learning and for working functions, and it contributes to why folks really feel like they may keep on activity 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 folks working and it simply says, “Hey, I needs to be doing that, too, proper?”So it’s a lot simpler for me to delay stuff, procrastinate after I’m residence 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 acquired a query right here round you’re going to avoid wasting up $10,000. I’m assuming that you simply guys produce other financial savings on prime of that since you talked about your upbringing and frugal, value acutely aware, these sorts of issues. If you purchase your own home, what sort of home are you seeking to purchase and have you ever thought of a home hack? Are you aware of that time period?

Jackie:I’m solely a tiny bit, via you guys from what I’ve listened to to this point. So I’d love so that you can discuss that a bit bit extra. However I’m undoubtedly in search of, we’ve acquired a fairly quick record. We’d like two bedrooms and we’d wish to dwell in a house someplace within the Columbus space, proper? However truthfully, we’re in search of fixer uppers, we’re in search of no matter. We’re not actually that choosy. We perceive that it’s our first residence and we’re not excessive earners, so now we have to be life like about what we’re getting.

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

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

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

Jackie:So I feel after that we’ve acquired 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 feel it’s time to have a look at the longer term. 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 wish to additionally discover artistic methods so as to add to their earnings? Are there issues that you’d return and alter, now that you simply’re 50 days into the problem and inform folks to start out with?

Jackie:I’d say to start out, it’s at all times finest to have a look at your self, your skillset, and just remember to know your self earlier than you go in. I feel one factor I see rather a lot is folks possibly getting a bit bit annoyed that they will’t do particularly every little thing 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 plenty of expertise 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 at all times going to be simply to know your self, know your skillset, after which even be life like about how a lot time you wish to make investments. ‘Cos you may set as many targets as you need, however should you solely have two hours a day that you simply’re prepared to speculate, you’re not going to finish up reaching your targets and also you’re going to make your self a bit bit upset.After which I’d additionally say that among the finest issues to do when you have got a lofty aim is to interrupt it into weekly or every day items. All of us can say, I wish to lower your expenses. All of us can say, I wish 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 purpose we lose plenty of momentum is as a result of that looks like an inconceivable activity. It feels such as you’re standing on the face of the mountain and there’s no approach to scale it. So I’d say by breaking it into smaller targets, $10,000 turns into $100 a day. Properly, that appears extra cheap. 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 the entire sources that you simply’re utilizing. So if you’re in search of extra methods to become profitable otherwise you simply wish to make it possible for a web site that you simply discovered is legit. I truthfully, I do know this sounds loopy, however I feel Reddit is only a useful gizmo throughout. I do know it will get a nasty rap the place I do know it will get a bit little bit of, “Oh, that’s for cash nerds and I can’t make the most of Reddit,” however I feel everybody can make the most of Reddit. I take advantage of plenty of websites on Reddit for both frugality functions or certainly one of 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 dwelling off of, however it’s websites like these that you could possibly no less than make chunk of change on.

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

Jackie:I imply, plenty of it’s simply going to be pen and paper, dividing. You’re going to wish to divide as a lot as attainable. So, you need to know whenever you need your cash by, proper? So if it’s a financial aim, you need to know an finish date, in any other case you’re going to delay it as a lot as attainable, proper? I imply, even the most effective of us wish to procrastinate each infrequently. So, choose an finish date, choose a strong aim and go over it by a bit bit. If you really want $5,000, set a aim of $6,000 to cowl taxes, bills, whatnot. After which after that, we’re simply going to divide that down from say, I’ve acquired three months to do that aim. I have to divide that monthly, then per week, then per day.After which I’d say at all times 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 every day. I feel we’re prone to neglect about our targets. One in all my bosses at all times says imaginative and prescient leaks, so we have to be refilling imaginative and prescient day after day. So, plenty of it’s simply reminding your self day after day, and should you’re immersed in it, you’re extra prone to really obtain that aim. 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 appear to be after day 100?

Jackie:I’d 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 individual, and I do love problem. So I can foresee some challenges developing sooner or later. However I additionally put up rather a lot about budgeting and internet hosting on a price range. Present giving. I’m actually keen about exhibiting folks how they will host on a price range and that they don’t should sacrifice high quality and magnificence for cash. I feel you are able to do each very well. So I’m excited to focus plenty of my content material creation on stuff like present giving and internet hosting on a price range. And that is one thing that I get plenty of questions on that I’m excited to speak about a bit bit extra is, I hold my husband and Josh and I below $80 every week for 2 folks 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’d like to do sooner or later.

Mindy:Oh, sure, sure. As a result of $80 for 2 folks isn’t going to be attainable in each metropolis in America, however holy cow, I wish to see, oh, you must join with Funds Bytes, and have you learnt budgetbytes.com?

Jackie:I don’t, no.

Mindy:Oh, she’s acquired an entire web site full of recipes and she or he breaks out how a lot every ingredient prices.

Jackie:I 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 have got an thought of what the recipe’s going to value. I like that store together with me thought. 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 comply with you yet another time?

Jackie:You’ll be able to comply with me on TikTok and Lemon8. I’m posting budgeting and productiveness content material on each of these. My title’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 admire 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 an incredible lady right here. She’s simply crushing it with this. She’s acquired an amazing factor happening with this. Actually, you may inform the monetary basis is tremendous robust. 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 prime 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 feel 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 is just not afraid of onerous work and the entire $100 a day choices apart, should 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 she or he is leaping in there with each ft. I simply completely love her. So, please go give her a comply with on TikTok. Truthfully, I feel she wants her personal sub-Reddit as a result of I’d devour every little thing in that sub-Reddit, all of her info. I’ve subscribed to her TikTok feed simply so I can watch her movies on daily basis. I like her power, I 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 regarded 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:In case you loved as we speak’s episode, please give us a 5 star overview on Spotify or Apple. And should you’re in search of 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, an enormous thanks to the BiggerPockets workforce for making this present attainable.