$11,117 in July Extra Income – Growing but I crave stability

Yesterday, I published my July Goals and Life Update, and in it I stated that my goal was for $9K in side hustle income.  Well, I definitely blew that number away! July was another awesome month. I’m really hoping that August will be the same, but I’m not sure if it will be. In July,…

Michelle Schroeder-Gardner

Last Updated: May 25, 2023

Disclosure: This post may contain affiliate links, meaning if you decide to make a purchase via my links, I may earn a commission at no additional cost to you. See my disclosure for more info.

Find out how I made $11,117 in July working from home.Yesterday, I published my July Goals and Life Update, and in it I stated that my goal was for $9K in side hustle income.  Well, I definitely blew that number away!

July was another awesome month. I’m really hoping that August will be the same, but I’m not sure if it will be.

In July, I made $12,942 in extra income, before expenses. It is crazy to think that just last July, I made $1,425 in extra income. What a difference one year makes! I never even thought that I would be anywhere near this amount. I always thought that other freelancers who posted their income were just “lucky.”

I know that this is a lot of “extra income” but please keep in mind that I spend many, many hours every single day on my side hustles. I have also been growing this for quite some time, and for over one year I was making $0, while still pouring full-time hours into my side hustles. Taxes also take approximately one-third of my extra income…

Also, even though my extra income is higher than ever, I still constantly worry about what 100% self-employment will be like. I’m terrified of everything tanking the day after I make the switch. This will all be included in a post on Diversified Finances soon!

There were some expenses, and they are listed below. In case you are new to my blog, “Extra Income” consists of all income that I make on the side, and does not include my office job that I have in the financial services industry.

Extra income also does not include any money that W makes, as he doesn’t do too much for extra income and he is mostly commission at his work (so it fluctuates every month anyways).

As I say every month in my income update posts: this is not all easy. None of it is. I spend enough time to make this a full-time job on top of my already full-time job. Luckily, I do enjoy what I’m doing so it’s not like I’m dreading anything. The goals that we have are also a great motivator. The fact that I plan on making the jump to self-employment is the biggest motivator that I will ever need! Read further on my Extra Income page.

As always, if you have any questions about my monthly extra income that you would like me to include next month, please let me know.

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This is for the month of July and before  fees and expenses (expenses that lower the amount above include approximately $1,825, which includes payments for my virtual assistant, staff writing on my blog, work with FITnancials, PayPal fees, etc.) being taken out. July’s number above includes a rent payment from my sister. So after all expenses and fees, I made approximately $11,117. In the amount above, I do not count the amount that I bring in to blogs that I help run, I only include the amounts that are my actual earnings from my services.

Blog News

My blog is finally stable! Sorry, if any of you had problems with it last month. It seems like everyone was having problems with their websites though, so I’m sure no one really noticed. My site should be good from now on.

My sister’s blog is still doing well. Please subscribe to FITnancials if you haven’t yet. She has many plans for her blog, and just earned her personal trainer fitness certification a couple of months ago. She’s doing great! She is also about to start her second semester of college. I feel like a mom sending her child to college, haha!

My newest blog Diversified Finances is doing really well also. I only post on there once a week, but I plan on increasing that to two times a week soon because I have a ton to talk about. So, if you want to continue hearing all about my switch to self-employment, because follow me over there! I love being able to talk about self-employment on my new blog, and I’m sure those of you who aren’t interested are happy that 100% of my posts on Making Sense of Cents aren’t related to self-employment 🙂

If you are looking to start a blog, don’t forget to read my post How To Start a Blog. It gives step by step instructions on starting your own blog. Also, one of my most popular posts this past month was How To Make Money Blogging.

 

Staff Writing

Lately, my staff writing has been decreasing, but I really would like to ramp it back up again. I really enjoy writing, and I have so many ideas for blog posts.

So, here’s a shameless plugin: If any of you need a staff writer or just a random content writer, please let me know. Whether you need a couple articles every week, or just a single post with no on-going relationship, I am your girl. I can write regular content, content to fill in gaps in your writing schedule, content for advertising and so on. My turnaround is fairly quick and I would definitely say that I am reliable 🙂

I made a post titled So You Want to Be a Freelance Writer?, so please read further about this topic in that post.

 

Update on my newest side hustles – Blog Management and more

My blog management side hustle has been going well. I manage different aspects of several different blogs, and that is what has helped me ramp up my extra income in the past couple of months. All of my new services make me extremely happy. Every little thing all make the switch to self employment possible. I would still like to help more website owners, as I have time open for that, and it is something that I truly enjoy.

I’m still debating whether or not I should create an ebook, and I think I will be waiting on that for at least a little bit. I have so many other things that I want to do first!

Are you interested in becoming a virtual assistant? Don’t forget to also read about what exactly a virtual assistant does.

I also added a Hire Me tab to my blog, so that I can let me freelancing services be known. Please let me know if you have further questions on the services that I offer.

 

Affiliate income – I want it!

My affiliate income definitely decreased last month. Why you ask? Well, I don’t think I have included a single affiliate link in a post in a long time. I definitely want to change this. However, I will say that I will only review products and insert affiliate links for products that I think are useful.

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Extra Monthly Income in July (all after expenses)

  • Staff writing – $700
  • Blog (managing other bloggers’ websites, my blogs – direct advertising and Adsense) – $9,542
  • Affiliate Income – $550
  • Virtual Assistant tasks – $0
  • Selling Clothes – $0
  • Miscellaneous (not related to blogging and online income) – $0
  • Mystery Shopping – $0
  • Rent (we rent a room in our house to my sister) – $325

 

Comparisons and 2013 Extra Income total (after expenses, but before taxes)

  • Total extra income for July: $11,117
  • Income in June: $10,192
  • Difference: +925
  • Total so far in 2013: $57,157 (WOOHOO!)

 

 

How did you do in July? What are your extra income goals?

 


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Michelle Schroeder-Gardner

Author: Michelle Schroeder-Gardner

Hey! I’m Michelle Schroeder-Gardner and I am the founder of Making Sense of Cents. I’m passionate about all things personal finance, side hustles, making extra money, and online businesses. I have been featured in major publications such as Forbes, CNBC, Time, and Business Insider. Learn more here.

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  1. Todd @ Fearless Men

    Michelle–what you’re doing is mind-blowing! It’s wild to know that you made more even with less direct advertising.

    As a blogger/manager of websites, what would you say is your #1 priority/time investment? The single thing that MUST get done daily or weekly?

    1. Michelle

      Thanks Todd! And that’s hard to just say one. I’m always looking to crank out high quality content, and also networking with other bloggers/readers is always high on my list.

  2. Miss Entrepreneurette

    This is awesome! I’m so excited for you to be able to eventually make that switch to self-employment, you’re going to love it! It is definitely a scary thing, luckily for me my husband has a stable paycheck so when I don’t make much one month it’s not the end of the world. It’s just barely enough to cover all of our bills each month, but to say it isn’t tough would be wrong, some months we’re juuuuust scraping by, like July for example. I didn’t do as well as I should have so I’m trying to increase my income in August! It seems design work (most of my income) is put on the back burner for most bloggers (my main clients) in the summer when most people are taking trips and hanging with their kids.

    Thanks for sharing and motivating all of us! 🙂

    1. Michelle

      Thank you. And I hope August is better for you!

  3. Dear Debt

    Wow you are doing great! I love your articles on side hustling and making extra income.

    1. Michelle

      Thank you 🙂

  4. Savvy Scot

    That graph is so inspirational! I have just set my bar even higher!

    1. Michelle

      Thank you!

  5. Savvy Scot

    And by the way – your sister’s blog is doing great! 🙂

    1. Michelle

      Yes it is! I love her blog. It is very motivational.

  6. Mrs. Pop @ Planting Our Pennies

    Congrats on killing it on the extra income, Michelle! Now that the student loans are all paid off is this money going toward the wedding? =)

    1. Michelle

      Of course! 🙂

  7. Thomas

    Another great job on the income Michelle. At this rate you will hit $20k per month by next year! Keep up the work. I know you are hustling and working hard and that is something I hope many people don’t just glaze over. There is a lot of work and being smart when it comes to making money online. I like doing the affiliate hustle. If you can add that piece to the mix you will surely be over 20k though you may start pulling back all the hustles if affiliate income kicks in. Great job on July income!

    1. Michelle

      Yes I definitely hustle very hard. I am ALWAYS working.

  8. GamingYourFinances

    Wow Michelle! You’re incredible! It’s been about three months of blogging for me and it’s a huge amount of work (and thats only one small blog) so I can only imagine the time you must spend on your side hustles.

    1. Michelle

      Thanks!

  9. DC @ Young Adult Money

    I haven’t done any work with affiliate income for months now, but I would really like to spend more time looking into it. If you can write a great post that generates affiliate income, you could easily get money from that post for months and months. I want posts like that!

    1. Michelle

      Yes, that is exactly what I want as well.

  10. canadianbudgetbinder

    Congratulations on another successful month Michelle. I hope when you decide what to do with your career that you find some space to feel the freedom of life. You are such a busy woman, full of strength. Keep up the good work. CBB

    1. Michelle

      Thank you 🙂

  11. Liz

    Wow! You are such an inspiration. I have no idea how you do this on top of full time work. Thanks for sharing your journey as this is something I aspire to do one day (become self employed).

    1. Michelle

      Thanks! And it is hard, but I am so motivated to make all of this work 🙂

  12. Mark Ross

    You had a great month, that’s what I though of. Comparing your extra income to mine is like comparing the size of a bean to an elephant, so I feel that I shouldn’t mention mine.
    Did you really earned almost $10000 through direct advertising and adsense? Wow! I wish I could get into adsense and do the same.

    1. Michelle

      It’s through multiple income sources. That $10K figure also includes other blogs that I manage.

      1. Mark Ross

        Is that so, anyways, I think you still did a great job. Thanks for clarifying it by the way. 🙂

  13. kelly @stayingonbudget

    Great job, Michelle! You are rocking the side hustle. Clearly you have spent tons and tons of hours to get to this point. I hope you have continued success!

    1. Michelle

      Thank you Kelly!

  14. Lance @ Adventuring Dollars

    Michelle, your income is sick! Awesome sick of course. I hope one day I can get there, but I need to put in a ton more effort before I come anywhere close to where you’re at 🙂 You’re a blogging rockstar!

    1. Michelle

      Thank you Lance!

  15. Matt Becker

    Incredibly impressive. Sounds like you’ve done a great job diversifying your income sources, which should make the switch the self-employment much easier. Keep it up!