WEBVTT - Should you have a side hustle? 0:00:05.740 --> 0:00:08.770 Hello and welcome to It All Adds Up the podcast 0:00:08.770 --> 0:00:10.930 where we chat about money, how to get it, how 0:00:10.930 --> 0:00:13.690 to spend it and how to invest it. I'm senior 0:00:13.690 --> 0:00:15.489 economics writer Jess Irvine. 0:00:15.550 --> 0:00:18.069 And I'm money editor Dom Powell. And today we're talking 0:00:18.070 --> 0:00:20.259 about the great world of side hustles. 0:00:20.290 --> 0:00:22.310 It makes me tired just thinking about it. I see. 0:00:22.480 --> 0:00:25.630 Well, exactly. We already do enough work, you know, real hustling. 0:00:26.620 --> 0:00:28.690 Who's who has time for hustling any? Well, apparently a 0:00:28.690 --> 0:00:30.610 lot of people, they're very popular things to do. You 0:00:30.610 --> 0:00:32.589 see a lot of people these days with a little 0:00:32.590 --> 0:00:35.020 side hobbies and other little ways to to earn a 0:00:35.020 --> 0:00:36.339 bit of money on the side. Yes. If you ever 0:00:36.340 --> 0:00:38.860 had a side hustle, something you'd categorize as a side hustle. 0:00:38.890 --> 0:00:42.040 Yeah, I have had many I'm excited about this topic 0:00:42.040 --> 0:00:44.349 because just the idea that you can make money in 0:00:44.350 --> 0:00:48.279 your spare time only recently occurred to me and in 0:00:48.280 --> 0:00:51.250 ways that you wouldn't necessarily I haven't set up an 0:00:51.250 --> 0:00:53.589 online business or anything, but in terms of selling stuff 0:00:53.590 --> 0:00:56.950 on Facebook Marketplace, renting out my car space, I've done 0:00:56.950 --> 0:00:59.860 a few of those things. I made about 300 bucks 0:00:59.860 --> 0:01:01.959 a month, I think, by renting out my car space, 0:01:02.010 --> 0:01:04.899 just pretty good street instead, you know, and I'm not 0:01:04.900 --> 0:01:07.180 particularly I'm not in the CBD or anything. I just thought, Oh, 0:01:07.180 --> 0:01:09.520 that's easy. Money doesn't matter to me if I park 0:01:09.520 --> 0:01:11.800 on the street. Hmm. Yeah. What about you, dummy? You're 0:01:11.800 --> 0:01:12.310 a hustler. 0:01:12.760 --> 0:01:15.670 Look, I think, like, if I'd thought about it, like, 0:01:15.670 --> 0:01:18.670 I wouldn't categorize myself as, like, someone with the side hustle. But, like, 0:01:18.670 --> 0:01:21.670 in the past, I've definitely done little things, like, beside that, 0:01:21.670 --> 0:01:24.100 that have. That have saved. They have made me money. Like, 0:01:24.730 --> 0:01:27.339 this is like super nerdy, which is like, really made 0:01:27.340 --> 0:01:32.950 us like, baring all. But I used to be really 0:01:32.950 --> 0:01:35.830 into playing like trading card games, Like you go and 0:01:35.830 --> 0:01:37.959 Magic The Gathering. I still play them a bit these days, 0:01:38.200 --> 0:01:41.080 but I used to like buy and sell like trading cards. 0:01:41.080 --> 0:01:43.720 I'd like speculate on them, like I'd buy them at like, 0:01:43.720 --> 0:01:45.430 you know, $0.50 and be like, Oh, they've gone out 0:01:45.430 --> 0:01:46.810 to a dollar and I'd sell them for like a 0:01:46.810 --> 0:01:48.340 dollar and all that sort of stuff. If it was, 0:01:48.340 --> 0:01:48.820 it was fun. 0:01:49.240 --> 0:01:51.070 Wow. I've never even heard of those. Yes. 0:01:51.250 --> 0:01:54.010 Yeah, It was like I didn't make like, I probably 0:01:54.010 --> 0:01:56.650 made like maybe, you know, a couple hundred bucks a month, like, 0:01:56.650 --> 0:01:58.720 I wasn't doing big bucks or anything like that. But 0:01:59.020 --> 0:02:01.450 this is back when I was like 17 or something 0:02:01.450 --> 0:02:03.490 like that. But yeah, I've had some I've had some 0:02:03.490 --> 0:02:04.270 side hustles. 0:02:04.270 --> 0:02:06.700 I guess that's really cool. And if it aligns with, 0:02:06.700 --> 0:02:08.800 you know, your personal interests and you enjoy it, I 0:02:08.800 --> 0:02:12.580 think that's yeah, I think that's perfect. Exactly. My, my 0:02:12.580 --> 0:02:15.790 real big thing, which sort of bordered on an addiction, 0:02:15.790 --> 0:02:19.809 was when I discovered Facebook Marketplace a couple of years ago. 0:02:20.139 --> 0:02:22.240 And I just it just blew my mind that you 0:02:22.240 --> 0:02:26.530 could connect with potential buyers. Like I could just post 0:02:26.530 --> 0:02:29.080 anything and I'm a seller and you just, you know, 0:02:29.080 --> 0:02:31.360 if you can navigate the wild world of is this 0:02:31.360 --> 0:02:35.050 still available, which is the message you get through Facebook marketplace, 0:02:35.050 --> 0:02:37.210 you know, if you need to connect with anyone as 0:02:37.210 --> 0:02:39.790 a as a buyer and seller and you know and 0:02:39.790 --> 0:02:42.100 you meet some wild and wonderful people that I was like, 0:02:42.100 --> 0:02:44.920 I can I can sell anything. And yeah, you know, 0:02:44.919 --> 0:02:47.070 we'll get to some of the things I've sold. But 0:02:47.080 --> 0:02:50.290 like I sold, I went on holidays to the Highlands 0:02:50.290 --> 0:02:53.350 and I found some really big pine cones that had 0:02:53.350 --> 0:02:55.240 fallen from a tree and there was heaps of them 0:02:55.450 --> 0:02:57.730 and I took about eight of them home and then 0:02:57.730 --> 0:03:00.880 I found a wicker basket on the side of the road. 0:03:00.889 --> 0:03:03.670 It was in good condition and I sort of styled it, 0:03:03.669 --> 0:03:06.310 you know, these pine cones in this lovely wicker basket, 0:03:06.310 --> 0:03:08.049 and I sold them for 45 bucks. 0:03:08.320 --> 0:03:11.500 That's so there you go. That's, that's an entrepreneur and mindset. 0:03:11.800 --> 0:03:13.299 The crazy money bit of arbitrage. 0:03:14.440 --> 0:03:17.320 I think before we get into the whole thing, I'm 0:03:17.320 --> 0:03:18.820 going to get on my soapbox for a bit. And 0:03:18.820 --> 0:03:20.920 some would say that a podcast is a soapbox anyway, 0:03:20.919 --> 0:03:23.200 so I'm getting on a soapbox. So then a soapbox, but. 0:03:23.200 --> 0:03:24.960 I'm not going to interrupt you. Go for it. 0:03:25.120 --> 0:03:26.830 Is that I do have like I have like a 0:03:26.830 --> 0:03:30.220 slight inherent issue with like the whole concept of side hustles. Like, 0:03:30.220 --> 0:03:33.369 I feel like they've been really glamorized in like recent years, 0:03:33.400 --> 0:03:35.980 you know, the whole idea of like, working a second effectively, 0:03:35.980 --> 0:03:39.010 like a second job to, you know, make enough money 0:03:39.010 --> 0:03:41.530 to get by, like, turned in to be sort of 0:03:41.530 --> 0:03:43.660 all like, you know, you can go and work with 0:03:43.660 --> 0:03:45.280 Uber and it's this whole sort of issue with the 0:03:45.280 --> 0:03:46.960 gig economy, which I think is just sort of like 0:03:46.960 --> 0:03:51.850 an unhealthy part of our society. Like it's sort of 0:03:51.850 --> 0:03:54.830 inherently capitalistic, all that sort of stuff. I have a 0:03:55.060 --> 0:03:56.530 I have a problem. And I think there's also like 0:03:56.530 --> 0:03:59.740 a bit of like a privilege issue here where it's 0:03:59.740 --> 0:04:02.470 like calling a second job a side hustle, which is 0:04:02.470 --> 0:04:04.240 like the glamorized version of it, rather than just a 0:04:04.240 --> 0:04:06.250 second job, which you need to work to get by. Like, 0:04:06.250 --> 0:04:09.550 that's sort of doesn't sit right sometimes with me. But anyway, 0:04:09.550 --> 0:04:10.930 I recognize a lot of people do it and really 0:04:10.930 --> 0:04:13.390 enjoy the side hustle. So it's I know it's not 0:04:13.390 --> 0:04:15.130 always bad, but I do want to recognize that there 0:04:15.130 --> 0:04:19.750 is like a little bit of a perception issue here. 0:04:19.779 --> 0:04:23.980 Yeah. I mean, the rise of insecure work. Yes, 100% 0:04:23.980 --> 0:04:26.830 a thing. And sort of whether it's, you know, a 0:04:26.830 --> 0:04:29.560 good thing that we have like new technologies, we can 0:04:29.560 --> 0:04:32.050 jump on and do an Airtasker and sort of do 0:04:32.050 --> 0:04:35.260 these and connect to work opportunities that might use our 0:04:35.680 --> 0:04:38.470 good skills that we have. That's that might be good. 0:04:38.470 --> 0:04:40.029 But is it a sign that, you know, you just 0:04:40.029 --> 0:04:42.640 don't have a full time job that with an employer 0:04:42.640 --> 0:04:45.280 who's committed to you and your career progression and paying 0:04:45.279 --> 0:04:47.799 you a fair wage? And we know, of course, the 0:04:47.810 --> 0:04:51.909 wages in Australia being backsliding, not keeping up with inflation 0:04:51.910 --> 0:04:54.159 for a number of years. So is it a sign 0:04:54.160 --> 0:04:56.110 of desperation that people are sort of having to now 0:04:56.110 --> 0:04:59.169 go outside of their pay job, still do the the 0:04:59.170 --> 0:05:01.839 full time work, but then also hustle on the side 0:05:01.839 --> 0:05:04.970 just to keep? The rising cost of living. That is 0:05:04.970 --> 0:05:07.100 a predicament a lot of people are in. That doesn't 0:05:07.100 --> 0:05:08.450 sound very fun to me. 0:05:08.480 --> 0:05:10.130 No. But at the same time, I think there's a 0:05:10.130 --> 0:05:12.260 lot of people out there who just genuinely enjoy monetizing 0:05:12.260 --> 0:05:14.060 their hobbies and things like that. So I think there's 0:05:14.060 --> 0:05:15.739 there's many bits of ways that you can sort of 0:05:15.740 --> 0:05:16.130 swing it. 0:05:16.490 --> 0:05:19.520 So exactly. And I think it's at least thinking through 0:05:19.520 --> 0:05:21.049 some of the things like we're going to go through 0:05:21.050 --> 0:05:23.570 a list of potential side hustles for you if you're interested, 0:05:24.050 --> 0:05:26.599 just because it might spark some ideas. And, you know, 0:05:26.750 --> 0:05:29.300 I mean, and to preface everything by saying that to 0:05:29.300 --> 0:05:31.550 make sure that you're being paid a fair salary in 0:05:31.550 --> 0:05:34.070 your full time job, you know, do ask for those 0:05:34.070 --> 0:05:36.440 pay rises. I think it was that our second episode 0:05:36.440 --> 0:05:38.599 that we did that was, you know, you can side 0:05:38.600 --> 0:05:41.210 hustle yourself or you can ask for a pay rise 0:05:41.210 --> 0:05:43.640 that might give you the equivalent if you're lucky, and 0:05:43.640 --> 0:05:47.030 if you could negotiate anyway. But that's yeah, Before we 0:05:47.029 --> 0:05:49.310 get into the side hustles, I do say make sure 0:05:49.580 --> 0:05:50.800 you get paid. 0:05:50.839 --> 0:05:54.530 Represented, compensated fairly from your from your main place of employment. 0:05:54.710 --> 0:05:56.750 And if you're not, maybe you should spend your spare 0:05:56.750 --> 0:05:59.300 time looking at job ads and getting a new job 0:05:59.300 --> 0:06:01.219 where you might be paid more. You know, if you're 0:06:01.220 --> 0:06:03.890 not happy with what's happening in the in the day job. 0:06:03.950 --> 0:06:05.839 Indeed. But I suppose how do you how do you 0:06:05.839 --> 0:06:07.339 define a side hustle? I mean, I feel like that's 0:06:07.339 --> 0:06:08.779 sort of in the name, right? It's something you just 0:06:08.779 --> 0:06:10.730 do a little bit extra on the side, right? 0:06:11.150 --> 0:06:14.030 Yeah, something on the side. Just a bit of extra 0:06:14.029 --> 0:06:18.080 cash in the pocket outside of a traditional job. Although, 0:06:18.080 --> 0:06:20.029 you know, if you really into your side hustles, they 0:06:20.029 --> 0:06:21.409 can grow into small businesses. 0:06:21.410 --> 0:06:21.920 Absolutely. 0:06:21.920 --> 0:06:24.420 That might be a future career for you. So but 0:06:24.450 --> 0:06:26.930 I'm open to the idea of doing some things on 0:06:26.930 --> 0:06:27.490 the side. 0:06:27.500 --> 0:06:30.260 Yeah. And I think we all do at some point 0:06:30.260 --> 0:06:32.630 in our life, do a little bit of extra something 0:06:32.630 --> 0:06:34.250 on the side, like, you know, even if it may 0:06:34.250 --> 0:06:36.109 not be something that you think as it would be 0:06:36.110 --> 0:06:37.700 a side hustle, but maybe you've just made a little 0:06:37.700 --> 0:06:41.450 bit of cash doing, you know, whatever. You sold some 0:06:41.450 --> 0:06:42.530 pinecones in a basket. 0:06:43.520 --> 0:06:44.630 On the pine cone, retail. 0:06:44.930 --> 0:06:47.419 Pinecone. Right. So this is just as the job title 0:06:47.420 --> 0:06:49.669 after a journalist and an economist who's also a pine 0:06:49.670 --> 0:06:50.330 cone retailer. 0:06:50.420 --> 0:06:53.270 Add that to the business cards. So we thought you 0:06:53.270 --> 0:06:58.760 can basically divide side hustles into two broad types of 0:06:59.000 --> 0:07:03.440 categories which we'll sketch out for you. This is my methodology, Tom. 0:07:03.480 --> 0:07:05.750 I hope you're on board with it. You can either sell, 0:07:05.930 --> 0:07:09.980 sell your skills and time or sell your stuff or 0:07:09.980 --> 0:07:12.590 rent your stuff. So sell your skills, sell your stuff. 0:07:12.830 --> 0:07:15.260 And I thought we might start with sort of listing 0:07:15.260 --> 0:07:18.260 out for people. If you're interested in getting a side hustle, 0:07:18.500 --> 0:07:22.910 selling your skills, you know, and your labor on the side, 0:07:23.040 --> 0:07:25.280 what are some of the the best ones. 30, Right? 0:07:25.490 --> 0:07:27.590 Yeah. Well, I was like, you know, as we've sort 0:07:27.590 --> 0:07:29.450 of just mentioned before, there's been a massive rise over 0:07:29.450 --> 0:07:31.520 the past sort of decade, I guess, in terms of 0:07:31.520 --> 0:07:38.140 these gig economy companies like Uber, Ubereats, DoorDash, Menulog, know, Deliveroo, RPA, Deliveroo, 0:07:38.510 --> 0:07:40.110 you were too good for this Earth, or at least 0:07:40.110 --> 0:07:42.950 too good for Australia, apparently, and Airtasker and all those 0:07:42.950 --> 0:07:44.570 sort of things where you can go and, you know, 0:07:44.870 --> 0:07:47.150 deliver food to people or pick people up and or, 0:07:47.210 --> 0:07:50.810 you know, deliver someone's couch to them or help them 0:07:50.810 --> 0:07:54.110 nail some nails into a wall. I don't know how 0:07:54.110 --> 0:07:57.050 handyman work, but that sort of stuff like the you know, 0:07:57.050 --> 0:07:58.670 there's lots of there's lots of like sort of things 0:07:58.670 --> 0:08:01.040 where you can sell you sell your skills in that sense. 0:08:01.400 --> 0:08:03.860 Yeah. And some of those are sort of what you 0:08:03.860 --> 0:08:06.290 would consider lower skills, like you just your skills that 0:08:06.290 --> 0:08:08.060 you can drive a car and you have some spare 0:08:08.060 --> 0:08:10.280 time and you're willing to do that. But I think 0:08:10.280 --> 0:08:13.430 Airtasker is fascinating, like the sorts of things, the jobs 0:08:13.430 --> 0:08:15.620 that can be posted on there. And again, it is 0:08:15.620 --> 0:08:17.780 that sort of wonders of technology and being able to 0:08:17.780 --> 0:08:20.060 connect us. And if you've got something to sell, just 0:08:20.060 --> 0:08:23.840 doing it in a more direct way. So yeah, Itasca 0:08:24.110 --> 0:08:26.090 as well, you know, but that can work for you too. 0:08:26.090 --> 0:08:28.650 You know, you're great at sort of, I don't know, 0:08:28.670 --> 0:08:29.570 what are you great at? 0:08:29.900 --> 0:08:34.280 What am I going I'm great at? You know, being 0:08:34.280 --> 0:08:35.600 a being a good friend. 0:08:35.600 --> 0:08:36.620 Not being a good friend. 0:08:36.650 --> 0:08:39.890 No, I I'm as a one of my hobbies is photography, 0:08:40.460 --> 0:08:42.130 which is something I do on the side. But like, I. 0:08:42.559 --> 0:08:45.200 I would never be able to I don't think I 0:08:45.200 --> 0:08:47.480 would be able to actually monetize that. Like, I don't 0:08:47.480 --> 0:08:47.860 think I'm good. 0:08:47.870 --> 0:08:50.160 I can you could probably go on Airtasker and say, 0:08:50.160 --> 0:08:52.760 I'll be your friend for the day. That's it. A 0:08:52.760 --> 0:08:55.429 hundred bucks, you know, that's what I'm a great, caring, 0:08:55.429 --> 0:08:58.250 warm person. There are lonely people out. 0:08:58.250 --> 0:09:00.480 There, but I wouldn't $100. I'm not doing that for 0:09:00.480 --> 0:09:03.370 a whole day. $400. Okay. Yeah, I'm going to need more. 0:09:03.380 --> 0:09:04.850 I'm going to be more conversation than that. 0:09:05.809 --> 0:09:08.630 Well, you can you know, you can test the market. 0:09:08.630 --> 0:09:10.429 Inside of this to get to like all of this, 0:09:10.429 --> 0:09:12.350 to get into like the realm of like, escort, like, 0:09:12.350 --> 0:09:16.609 you know, So I think, well, maybe, maybe, maybe we 0:09:16.610 --> 0:09:18.080 get a little too close to the sun here. 0:09:18.080 --> 0:09:22.400 Keep it legal. Yeah, that would be advice. Yeah, but 0:09:22.400 --> 0:09:24.830 I love that, you know, monetizing your hobbies, whether it's, 0:09:24.830 --> 0:09:28.760 you know, you're great at drawing or sketching, and particularly 0:09:28.760 --> 0:09:31.880 with photography, you can sell prints. And I like to 0:09:31.880 --> 0:09:34.010 talk about the sort of difference between side hustle and 0:09:34.010 --> 0:09:37.429 passive income. If it's something that, you know, you, you 0:09:37.429 --> 0:09:41.750 are producing great artwork and you can sell reprints of, 0:09:41.750 --> 0:09:44.060 you know, one that you've done the work once you've 0:09:44.059 --> 0:09:46.910 taken the gorgeous photo, but you're selling prints of it, 0:09:46.910 --> 0:09:49.670 that's almost it. You know, there's delivery costs or whatever, 0:09:49.670 --> 0:09:52.429 but it's a more passive thing where you've not taking 0:09:52.429 --> 0:09:55.790 a new picture every time. I think that's a great idea. And, 0:09:55.790 --> 0:09:59.150 you know, people get on mentioned Airtasker, you know eBay 0:09:59.150 --> 0:10:02.360 you can sell arts and crafts Etsy everyone can have an. 0:10:02.610 --> 0:10:05.790 See store. Now that seems to make it really easy. 0:10:06.090 --> 0:10:09.510 And moving into the world of like digital products, you know, 0:10:09.510 --> 0:10:12.060 which is a little bit more passive, as we say. 0:10:12.480 --> 0:10:15.390 You know, particularly on Etsy is one where you can sell, 0:10:15.450 --> 0:10:18.329 you know, get paid for like you're the specialist in this. 0:10:18.340 --> 0:10:21.670 So you write a small, you know, ten page PDF 0:10:21.670 --> 0:10:24.300 on get started on whatever it is, which is sort 0:10:24.300 --> 0:10:27.900 of like an alternative to traditional book publishing. And then 0:10:27.900 --> 0:10:31.020 once you've done it, every download is, you know, passive 0:10:31.020 --> 0:10:34.140 income for you. And as you know, I'm into a 0:10:34.140 --> 0:10:37.680 bit of budgeting and lots of people sell templates and spreadsheets. 0:10:37.679 --> 0:10:40.050 You know, here's my net worth tracker. I can make 0:10:40.050 --> 0:10:44.250 quite sizable passive incomes from having produced that intellectual property 0:10:44.910 --> 0:10:46.950 and just pop it online and see if it flies. 0:10:46.980 --> 0:10:48.630 Well, you can write a book called Money with Jess, 0:10:48.630 --> 0:10:50.550 and you can sell that in every good bookstore. 0:10:51.150 --> 0:10:53.280 I haven't told you this, but last night I won 0:10:53.280 --> 0:10:55.140 an award. Oh, yeah. 0:10:55.320 --> 0:10:56.190 Congratulation. 0:10:56.550 --> 0:11:01.770 Thank you. Book of the Year by the Australian Business Awards. So, yeah. 0:11:01.860 --> 0:11:02.579 There you go. 0:11:02.800 --> 0:11:05.130 Let's see if you. If your side hustle is good enough, 0:11:05.130 --> 0:11:06.380 you can win an award for it. You. 0:11:06.690 --> 0:11:11.250 Exactly. I'm really proud of that, actually. Yeah. You should decide. 0:11:13.480 --> 0:11:15.459 And lastly, I guess, like, you know, you can sort 0:11:15.460 --> 0:11:18.250 of take yourself back to when you were when you 0:11:18.250 --> 0:11:20.080 were younger and, you know, when everyone used to be 0:11:20.080 --> 0:11:22.150 a babysitter or dogs today. And that's something you can 0:11:22.150 --> 0:11:23.890 do these days as well. You know, you can put 0:11:23.890 --> 0:11:26.530 an ad on a local noticeboard or on your local 0:11:27.280 --> 0:11:30.400 Facebook community group, a good common network or whatever they 0:11:30.400 --> 0:11:34.090 are these days where you can offer, you know, babysitting, house, sitting, 0:11:34.090 --> 0:11:38.290 pet sitting, lawn mowing city guides, or another very popular 0:11:38.290 --> 0:11:40.660 one for that that people do quite a bit. So 0:11:40.900 --> 0:11:43.420 these are these are all all options that are a 0:11:43.420 --> 0:11:44.890 good way to get a little bit of extra cash 0:11:44.890 --> 0:11:45.400 in the pocket. 0:11:45.520 --> 0:11:48.219 Yeah. My first job was lawn mowing lawns and we 0:11:48.220 --> 0:11:50.470 just and my brother also used to mow lawns and 0:11:50.470 --> 0:11:53.469 we got in the publishing business and just did some 0:11:53.470 --> 0:11:56.830 flyers and dropped them around letterboxes in the local neighborhood. 0:11:56.830 --> 0:11:58.780 That is still a legit option. 0:11:58.960 --> 0:12:00.699 My first job was the paper on which my parents 0:12:00.700 --> 0:12:02.500 used to help me with because it was in a 0:12:02.500 --> 0:12:04.179 rural area and it was way too big for me 0:12:04.179 --> 0:12:04.960 to do by myself. 0:12:05.380 --> 0:12:07.030 Oh, well, did you split the money? 0:12:07.520 --> 0:12:09.220 They gave me all the money. It was right. It 0:12:09.220 --> 0:12:10.839 was a great gig, to be honest. I got I 0:12:10.840 --> 0:12:15.130 was fantastic. Anyway, but on top of. Well, I suppose 0:12:15.130 --> 0:12:17.439 as an aside to selling your skills, you can also 0:12:17.440 --> 0:12:19.660 sell your stuff. So you can be like Jess and 0:12:19.660 --> 0:12:21.940 you can sell a basket of pecans. Is there any 0:12:21.940 --> 0:12:24.100 have you sold anything else like that? Jess, Is that 0:12:24.100 --> 0:12:25.630 your best come up? 0:12:25.630 --> 0:12:29.050 Sold a lot. Like I kept a spreadsheet of my 0:12:29.050 --> 0:12:32.470 transactions and there was one year it was pre-COVID. COVID 0:12:32.470 --> 0:12:36.429 put the brakes on my Facebook marketplace reselling business. But 0:12:36.429 --> 0:12:39.340 I had so done in the order of 150 to. 0:12:39.340 --> 0:12:40.630 220 hours. 0:12:40.780 --> 0:12:42.820 In the course of a year. In addition to the 0:12:42.820 --> 0:12:45.070 pine cones. My one of my favorite ones is I 0:12:45.190 --> 0:12:48.790 bought some fake grass for $100. It was offcuts from 0:12:48.790 --> 0:12:51.670 like a tradie who'd been laying it on a commercial site. 0:12:51.970 --> 0:12:54.849 And I used it to lay down just out on 0:12:54.850 --> 0:12:57.910 my balcony, my patio. So I bought it for $100. 0:12:57.910 --> 0:12:59.560 I used half of it, and then I sold the 0:12:59.559 --> 0:13:02.770 remnant for $100. So it was essentially free. That's great 0:13:02.860 --> 0:13:05.440 that I got that. And then my best one I did, 0:13:05.440 --> 0:13:09.069 veering to some interesting territory of of morality issues in 0:13:09.070 --> 0:13:12.429 terms of I would also look and get free stuff 0:13:12.429 --> 0:13:14.920 on Facebook marketplace because sometimes people just move or they 0:13:14.920 --> 0:13:17.020 just want something gone from their house. So you grab 0:13:17.020 --> 0:13:19.390 it if it's good. And then I would sort of 0:13:19.390 --> 0:13:21.160 have it in my house for a little bit. I mean, 0:13:21.160 --> 0:13:23.140 this was how I dealt with the morality of it, 0:13:23.470 --> 0:13:26.470 because it was like a painting this big Balinese batik 0:13:27.070 --> 0:13:30.099 painting or was like a fabric thing in a nice 0:13:30.100 --> 0:13:32.260 gold frame and a lady just wanted it gone from. 0:13:32.260 --> 0:13:33.699 So I went and grabbed it. I had it for 0:13:33.700 --> 0:13:36.099 a while, decided it was too big and I thought 0:13:36.100 --> 0:13:36.969 it for 150 bucks. 0:13:36.980 --> 0:13:37.380 They go. 0:13:37.720 --> 0:13:37.900 To. 0:13:38.530 --> 0:13:39.040 Someone's. 0:13:39.040 --> 0:13:40.540 Trash, a bit of arbitrage. 0:13:40.540 --> 0:13:41.380 Versus treasure. 0:13:41.620 --> 0:13:44.709 Some people think that's probably a bit dodgy, but you know, 0:13:44.710 --> 0:13:48.400 everything has an innate value and people people perceive that 0:13:48.400 --> 0:13:52.300 in different ways. And, you know, I did make a profit. 0:13:52.570 --> 0:13:54.099 And that's and that's what it's all about because it 0:13:54.100 --> 0:13:55.630 all adds up, which is the name of the podcast. 0:13:55.900 --> 0:13:58.449 But I think in that sort of vein, like sort 0:13:58.450 --> 0:14:01.480 of selling like, you know, secondhand books, furniture, all that 0:14:01.480 --> 0:14:03.490 sort of stuff is, is really, really popular these days. 0:14:03.670 --> 0:14:05.560 And one thing that's become massive, I think, in the 0:14:05.559 --> 0:14:07.929 past couple of years is like reselling vintage goods. Like, 0:14:07.929 --> 0:14:10.209 I see I feel like every week there's a new 0:14:10.210 --> 0:14:13.569 like Melbourne Instagram account, which is like, you know, selling 0:14:13.809 --> 0:14:16.470 random stuff like a little, you know, porcelain tiger or 0:14:16.480 --> 0:14:18.280 something like that. And people just go and find these 0:14:18.280 --> 0:14:20.230 in like UPS shops and garage sales and then just 0:14:20.230 --> 0:14:22.360 resell them. And it's like they're making quite a lot 0:14:22.360 --> 0:14:23.920 of money off this. Like these people sell them for 0:14:23.920 --> 0:14:25.840 a few hundred bucks and I'm sure they got them 0:14:25.840 --> 0:14:26.650 for a lot less than that. 0:14:26.650 --> 0:14:29.080 So yeah, people can develop like a neat knowledge and 0:14:29.080 --> 0:14:31.330 go into the op shop and see the bone shine 0:14:31.340 --> 0:14:33.460 or whatever it is, and it doesn't mean anything to me. 0:14:33.460 --> 0:14:35.830 But there are brands, you know, and particularly with clothing, 0:14:35.830 --> 0:14:38.230 the luxury high end brands, and they'll sort of score 0:14:38.230 --> 0:14:40.480 the the one and then pop it on like an 0:14:40.480 --> 0:14:43.330 eBay store and resell it. So you got it. You 0:14:43.330 --> 0:14:46.870 got some postage costs involved in that. But if you've 0:14:46.870 --> 0:14:51.010 got an eye for, you know, vintage goods, that's something 0:14:51.160 --> 0:14:54.430 to consider. Another way of sort of moving. If you're 0:14:54.430 --> 0:14:57.220 into clothes and you've got the luxury brands, there's a 0:14:57.220 --> 0:14:59.860 lot of consignment sellers as well. You just kind of 0:14:59.860 --> 0:15:04.000 Google consignment seller in your area. And so particularly if 0:15:04.000 --> 0:15:06.840 you have sort of lived in a opulent manner, but 0:15:06.850 --> 0:15:09.370 now you're finding your pennies, you can sort of get 0:15:09.370 --> 0:15:10.990 rid of some of that stuff and not just check 0:15:10.990 --> 0:15:13.250 it out by using consignment sales. Yeah. 0:15:13.270 --> 0:15:16.060 And then there's also sort of things like these sort 0:15:16.060 --> 0:15:19.240 of falls into the similar bucket to the Uber and 0:15:19.240 --> 0:15:21.610 Menulog and all that sort of stuff. But like renting 0:15:21.610 --> 0:15:25.030 out your car or your car space just mentioned that. 0:15:25.180 --> 0:15:27.280 You mentioned that you had done that, rented out your 0:15:27.280 --> 0:15:28.150 car space for a while. 0:15:28.150 --> 0:15:30.820 Yeah. And a neighbour had just said dropped a flyer 0:15:30.820 --> 0:15:32.680 saying they needed a space. That's all. I got that. 0:15:32.680 --> 0:15:35.620 But you can, you can post your car space on 0:15:35.620 --> 0:15:38.770 Facebook marketplace, you know, with a dollar amount. And there's 0:15:38.770 --> 0:15:42.400 another site called Park Hound where you can advertise car 0:15:42.400 --> 0:15:44.980 spaces for lease and then you can also just rent 0:15:44.980 --> 0:15:47.440 out your car. There used to be something called car 0:15:47.440 --> 0:15:50.740 next door, which I think is now Uber Fareshare and 0:15:50.740 --> 0:15:53.590 this other one's called Drive My Car, an American one 0:15:53.590 --> 0:15:57.220 called Turo 2ur0, which is just about to launch in Australia. 0:15:57.220 --> 0:15:59.590 So when you're not using your car, you have to 0:15:59.590 --> 0:16:02.110 go to the office. These days they make us do that. 0:16:02.590 --> 0:16:04.780 You can, you know, your car's just sitting at home, 0:16:05.170 --> 0:16:07.570 you can let somebody else use it. And you know, 0:16:07.570 --> 0:16:09.790 there's apps that sort of arrange it all. You have 0:16:09.790 --> 0:16:12.190 to sort of think about insurances as well and make 0:16:12.190 --> 0:16:14.940 sure you're properly. Covered. But, you know, thinking of what 0:16:14.940 --> 0:16:18.450 assets you have lying around and sort of making turning 0:16:18.450 --> 0:16:20.580 them from dormant assets into income producing. 0:16:20.730 --> 0:16:22.710 And I think like, you know, on the very, very 0:16:22.710 --> 0:16:24.270 far end of the scale for that, if you if 0:16:24.300 --> 0:16:26.790 you are lucky enough to own a home that for 0:16:26.790 --> 0:16:28.850 whatever reason, you're not using to live in. I mean, 0:16:28.860 --> 0:16:30.570 you could always put it on something like Airbnb, but 0:16:30.570 --> 0:16:32.430 like I feel like that's sort of like, you know, 0:16:32.490 --> 0:16:34.380 if you're in that position, you probably don't need a 0:16:34.380 --> 0:16:36.630 side hustle check, which she. 0:16:36.720 --> 0:16:39.120 Could check it for. But as someone who does have 0:16:39.120 --> 0:16:42.150 that privilege, another one, if you're reducing holiday costs, is 0:16:42.150 --> 0:16:44.250 to look at home swaps or home exchange websites. 0:16:44.250 --> 0:16:46.410 Trying to sell me a time such as this. 0:16:47.070 --> 0:16:49.650 Yeah, we should swap homes. I can come to Melbourne 0:16:49.650 --> 0:16:52.260 and Sydney and have holidays for free. 0:16:52.380 --> 0:16:55.620 In Melbourne and Sydney. Two great holiday destinations. Yes. 0:16:56.400 --> 0:16:59.640 It's a bit limited. But yeah, you know, a spare 0:16:59.640 --> 0:17:02.160 room if you've got one, you know, can become an 0:17:02.160 --> 0:17:05.189 income producer for you if you need it, if you're not. 0:17:05.190 --> 0:17:07.230 And I think an important thing to think about is 0:17:07.230 --> 0:17:09.330