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Income Reports

December 2020 Side Hustle & Business Income Report

Each month I publish a YouTube and blog Income Report showing you how much money I made in my business as well as some lessons learned that contributed to that success and outcome.

My goal is to be transparent with you, show you the ups and downs as well as inspire you to hopefully build your own YouTube channel and/or blog.

Side hustle income is a large part of the financial success we’ve enjoyed over the last couple of years. We’ve paid off debt, cash flowed our wedding and new-to-me car and saved a down payment on our first home. Without a side hustle, all of those wins wouldn’t have been possible.

DECEMBER BUSINESS INCOME: $5,253.06

November was a record-breaking month for me. I finally broke $5,000 and I did it again in December! Check out last month’s income report here.

My December business income from smallest to largest:

Here is how I made $5,253.06 this month.

Patreon: $50.01

Patreon is a monthly subscription to help support your favorite creators. On Patreon, you will find exclusive videos, like Budget Report Cards, personal videos, behind the scenes, live streams as well as all of my budget templates and printables.

Digital Products: $355.44

On my website, I’m now selling Monthly Excel Budget Templates and Spending Analysis Templates that work in Google Sheets! Soon all of my templates will be available in Excel and Google Sheets.

The templates available in my shop are:

• Net Worth Tracker Spreadsheet *NEW*

• Don’t Break The Chain Savings Challenge Printable *NEW*

• Monthly Excel Budget Template

• Annual Budget Template

• Vacation Budget Template

• Wedding Budget Template

• Grocery, Meal Plan & Inventory Printables – 15 Pages

•  $1,000 Emergency Fund Tracker

• Save $1,000 in 30 Days Printable

• Student Loan Debt Tracker

• Credit Card Payoff Tracker

• Car Loan Payoff Tracker

• 6 Month Emergency Fund Printable

• Savings Challenge Printable

• Mortgage Debt Tracker Printable

• Debt Payoff Tracker

• Homebrew Savings Challenge Printable

• Food Inventory Printables in Pantry Inventory, Freezer Inventory, Fridge Inventory & Seasonings Inventory

• Spending Analysis Template

• 52-Week Savings Challenge

Course Sales: $856.45

My course How To Save Money On Groceries Course launched this past summer.

This course will help you maintain a healthy lifestyle, stop food waste, and give you tips and tricks to harness your best grocery life. You’ll save money, learn how to spend wisely, and, most importantly, you’ll learn how to lower your food cost so you can spend on the things that bring you joy! 

My newest course Dreamer To Profitable launched in November!

This course will help you build a profitable business so you can finally live the life you deserve to have! Dreamer To Profitable is definitely for you. This is a step by step guide to getting the life of your dreams. 

YouTube Ads: $1,040.56

In December, I focused on videos that will help you get your finances in order for the new year.

My videos this month were:

• Why You’ll Never Be Productive – Do This Instead

• 9 Side Hustles You Can Do From BED | Make Money Online

• How to Open a Vanguard Index Fund (Step by Step for Beginners)

• How Much YouTube Paid Me With 40,000 Subscribers

• 5 Savings Challenges in 2021

• My 2021 Financial Goals | Passive Income, Saving & Investing

My blogs this month were:

• 6 Easy Ways To Save Money On Groceries

• Benefits Of Student Loan Refinancing

• How To Lower Your Bills: An Easy Script To Negotiate On The Phone

Affiliate Marketing: $2,950.60

If affiliate marketing is something you are looking to get into, I recommend taking the course Making Sense of Affiliate Marketing. Michelle digs into the best way to promote brands that you know, like, and trust and well as all of the legal elements of affiliate marketing. I’ll be honest, there was way more things that you need to be aware of and do to be FTC compliant than I expected. The course breaks it all down for you.

The second is to join an affiliate network, I have two main ones that I go through Aragon Premium and Flex Offers. These two networks offer thousands of brands combined that you can work with. Everything is in one convenient place, you can search for the brands, apply right there, get affiliate links, track clicks, and your payouts all in one place! Aragon Premium and Flex Offers are my go-to!

• Robinhood: $3.54

• Amazon: $13.10

CIT Bank: $80.60

Blooom: $120.00

• M1 Finance: $200.00

• Rakuten: $258.36

• Fetch Rewards: $2,275.00

Goals for January:

• Start working on merch designs

• Upload at least 10 new videos in December

• Publish at least 5 new blog posts in January

•Weekly newsletter

• Increase course sales to $5,000

• Read The 7 Habits of Highly Effective PeopleThe 12 Week Year: Get More Done in 12 Weeks than Others Do in 12 Months and Vivid Vision: A Remarkable Tool For Aligning Your Business Around a Shared Vision of the Future 

• Launch a new entrepreneur quiz

Accomplishments in December

• Launched my entrepreneur course: Dreamer To Profitable 

• Released 6 YouTube videos

• 2 new products in my shop

• 2nd month in a row breaking $5,000

• Featured on the Money Nerds Podcast – Listen to my episode here

------------------------------ Some of the links in this article are "affiliate links", a link with a special tracking code. This means if you click on an affiliate link and purchase the item, we will receive an affiliate commission. The price of the item is the same whether it is an affiliate link or not. Regardless, we only recommend products or services we believe will add value to our readers. By using the affiliate links, you are helping support our Website, and we genuinely appreciate your support.

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