Generating Cash on the Side

[Trevor Ewen]

Really enjoyed the most recent podcast with Fat Tony. Personal finance and saving should be a larger component of the REI discussion, and it seems that Tony got started with a lot of good saving and living habits. So here's my question for everyone:

What are you doing to generate cash on the side? Extra points for very innovative or passive strategies.

For the sake of this discussion, let's just assume flipping, brokering deals, rehab services and REI related activities are off the list.

For me, it's a lot of software development on the side. Lately, I have focused solely on quick, cash-rich work. The kind of things I know how they'll pay within 2 months, and not 2 years. My wife is an accountant, so she does some tax planning on the side of her day job.

It's required a mentality shift. We're not trying to add new 'Projects' and 'Causes' instead we just do things that produce some quick money to spend on the real project: investment. 

No matter how much of OPM you're using, you got to have some skin in the game.

[Jenna Stark]

I agree that we are capable of saving more than what we all do, I personally give softball lessons at night.  (Division 1 Softball player so using my leverage) I live completely off of the cash I get from lessons and EVERYTHING else from the small business I run goes straight into the bank.  It has allowed me to sock away some serious money and also learn how to budget.  If 5 girls cancel and I have $ 200 less that week, then thats just the way it is and I have to suck it up and figure it out.  Young with no family so I understand this wouldn't work for everyone, but thats just what I have done!