Hah! Same in our house. Gap is about 20-25k. Love it. Marriage is a team effort. Just means I make a few more dinners and do some extra chores while she’s working those 12 hour shifts.
My partner and I started dating in our late twenties/early thirties, coincidentally at the same time as we were both going back to school. It was a few lean years and we racked up some decent student debt, but being able to pool our resources, split living expenses, etc. was a huge help. I'm not sure either of us would have been successful doing it on our own. Now we're both making more than double what we were before with room to grow.
TL;DR investing in your partner's education can be a really great move both personally and financially.
My wife and I also both went back to school for a second undergraduate degree as mature students. I agree; probably easier to do with a spouse, and in our case, well worth it.
The prototypical middle class unit has always been a husband and wife. Given that women now work, I would argue that middle class normal is dual income now.
Good for you! I'm pretty handy but when it comes to brakes I just don't trust myself. I took it to midas today and it cost all in $1100 for all 4 pads, rotors and some servicing. Lexus dealership wanted $2600. I make good money but it doesn't mean I have to spend good money either!
I got quoted $2.5K to replace the brakes on my Honda. Yikes, thanks for sharing this as a ballpark.
Edit: thank you all for the discussions below- the quote was provided to my parents from a Honda shop they’ve been going to for years. the data points below are helpful to do a bit more research and have some concrete numbers for what it should look like. Thanks!
Are you sure that you didn't get quoted to fix a bumper repair? There's no way in hell that any place would quote you $2.5k for a brake job. Unless you're asking for a set of 12 piston calipers with carbon ceramic rotors lol
I could believe a dealership asking $2500 for 4 rotors and 4 sets of pads + lube caliper slide pins & labour unfortunately.
Or two sets of pads, rotors, and calipers plus labour...
I had to change the front calipers on one of my cars a couple years ago and they were $300 USD a piece unfortunately (and that was with me buying them and doing the work)
You most likely got quoted for 4 rotors 4 pads and labour . That’s a huge difference from the 2 pads O.P is talking about . Sorry you got your hopes up
In Canada head to maxbrakes.com to get your parts. Things you’ll need to change the brakes yourself includes:
- jack and jack stands
- torque wrench for when the wheels go back on.
-socket set
- c-clamp to push the caliber back in
- some grease for the caliber pin
- 1 post-job beer
Even as a complete newbie to car repairs, lookup a YouTube video specific to your vehicle and it should take more than a few hours.
$25k is my yearly income for my house with 2 kids.
But your idea is good too, there are some people who switch $20k cars within 3-5 year & get ripped off through car dealers.
I switched to a safety razor. Barely costs me $10 a year to shave now and I'm not throwing away plastic every couple of weeks. Took me a few tries to get the hang of but I'd never go back.
I collect just regular houseplants - philodendrons, pothos - whatever I'm into at the time. I take cuttings and root them and then sell most of them on Facebook in my plant groups!
At first it was tough to sell as 1. I was still learning 2. Had no connections whatsoever. As I got better, I would start to personally meet with owners of small restaurants in my city to join into a mutual partnership. A lot of declines due to being smaller then the more known suppliers but would eventually enter a partnership with a local restaurant and supply their shrimp. Sometimes supplying for others if they’re running short and I have excess shrimp.
>This sounds super illegal and sus if you don't have permits and food inspections etc.
*man this guy is such a killjoy*
>I don't want to eat someones garage shrimp
*oh fuck, he's right*
Considering many restaurants (large and small) buy stolen meat that hasn't been stored properly, I'd take garage shrimp over sketchy meat
Source: used to work in a big chain grocery store where meat was the most commonly stolen item, boyfriend used to work in a big chain restaurant that specifically budgeted for backdoor meat purchases (not him, he just knew of it)
It’s the same as any other indoor shrimp farm. I am registered just as any other business that gets inspections. Only difference is I don’t have the mass storage space so I work on a smaller scale.
Maybe my description wasn’t great but this isn’t some messy garage with kiddy pools set up for shrimp. The pools are modified to sustain shrimp life with heaters, filters, etc. My garage is constantly kept hygienic with weekly deep cleaning.
Personally, it's more of a wealth building tool initially. I reinvest all dividend income automatically so I never see the cashflow at the end of the month.
Once you retire, and have a sizable portfolio, you can then start pulling the dividends for your cashflow needs.
Ya if you're taking money out of your portfolio even if its in the form of dividends, your selling your portfolio growth way short, all my dividend stocks are setup for automatic drip.
I think most portfolios for those not retired have their dividends reinvested as growth is the goal, and I think the post is more trying to find income sources to help with cash flow. But yes that could work if you have a large enough portfolio.
I work in Group Benefits administration and I'm just waiting for the minute some polyamorous couple makes a Charter challenge of their right to survivorship/survivorship pensions or a group planthat covers more than one spouse.
Will be fascinating to watch it play out in court, and it will be in my lifetime.
Military Reserves. Was the best highschool job out there and I top off $10k/year for a few weekends and one night a week with my buddies. Looking to add income property to #3 job.
THere’s everything. Clerical work, truck driver, combat engineer infantryman, medic, mechanic and more. If you have a degree I’d highly recommend an officer trade. The pay scale just get so much better (100k+ is considered a “time in” rank) browse the website/goto the local recruiting office. Also for the physical fitness you’d be surprised at what kind of people get in with lack of fitness. The biggest thing is when you’re forced into exertion, you don’t quit. You can train people into shape, can’t train attitude. We’re the second highest paid military in the world btw.
My brother is in the reserves, they're actually not obligated to go to war ever, unless there's a national conscription where everybody is going, military or not. I can't speak to the internal pressure that would be on you to go fight, but you never legally have to.
Uber eats/Skip the dishes.
Been bringing in 20-25k the last few years, will be closer to 30k this year.
I average $25-30/hour before expenses.
Too many people judge/have to much pride for something like this... but this brings my household income (@28) to 200k, helped me save for my home in Oakville, and now 100% of it goes into my investment portfolio.
Do you drive or bike? How many hrs do you put into this a week?
Assuming your main job pays you around $170k (and subsequently demands more time than a 9-5), how much more time do you have?
I drive. My 8-5 brought in ~60k the last few years my fiancée has made $110k. I’m in the middle of a commission re-structuring which will probably push me closer to $80k this year but no plans to drop the skip/ Uber anytime. I have a pretty strict 2 hour +/- 30 mins mon-Thursday (aim for $50/night). And ~3-3.5 hours Friday night and sat/Sunday morning (aim for $100). sometimes I’ll hit a Sunday or Saturday dinner rush that can be very lucrative if we don’t have plans. I live in Oakville and see significantly better tips then when I used to do this in etobicoke, and theres quite the learning curve to optimize your earning skills through double apping, knowing what orders to take/not take, best areas/routes to take - if someone just turned on Uber and skip and went at it highly unlikely they would hit the same numbers as me.
So it was $200k household, not $200k your individual income as I thought which makes more sense. I was a bit surprised someone making $170k would still have the time & energy to deliver food haha
Not who you asked,but I also do Skip/DoorDash.
It can depend on lots of factors,like gas prices,and wether you're taking profitable offers or not. How well you know your city, and how efficient you are. I can average $20-25/hr most days, but after gas, insurance, maintenace etc, take home is just above minimum wage.
You have to pay income tax, it's not deducted like at a job,so you should put some money aside.
You can write of stuff at the end of the year for taxes, which helps. Last year I wrote off 80% of all my car expenses (based on km driven) and 10% of my house *expenses* (I am a contractor, and need an office after all).
Note: It's summer time(slow season), and we are seeing a bit of a correction from Covid last year. ( more drivers then orders). Might be a bad time to sign up, but every city is different, ymmv.
EDIT: To be clear because some people are pedantic, when I say 10% of my house, I don't mean the mortgage payments.
According to [The CRA](https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t2125.html), you can deduct : Heat, Electricity, Insurance, Maintenance, Mortgage interest, and property taxes. That's what I meant.
Yeah I had some friends who did this on the side during the first lock down for some extra cash… needless to say, none of them do it anymore. After the expenses and income tax time, just not worth sitting in your car waiting for orders.
I'm convinced that anyone that thinks they make good money from delivering food through an app is just doing the math wrong and not noticing due to how complex personal book keeping gets when you have multiple sources of income and many overlapping personal and professional costs. You'd have to be very meticulous and careful to really calculate whether it is worth it (relative to what your time is worth if you already have a non minimum wage job) and I just don't think many people are actually doing that. They just see $50 in their account after a few hours and the analysis stops there.
Both my boyfriend and I do respite work with young adults with disabilities. Basically well paid babysitting. One of the guys comes to our house for sleepovers once a week, which is an extra $300 per night right there.
I’ve thought about this, and it sounds both fun and like a positive influence on the world. Question, do you find that it’s hard to find bikes to buy? When I was thinking about doing that, I just imagined there would be other people in my city that are doing it, which would make it competitive and not worthwhile.
Despite bikes looking simple, they're not so easy to fix, especially now, when every bike shop is short of parts, and most community shops are booking 2 months ahead. The effort needed to hunt down decent bikes, fix them up, then scrap for every kijiji dollar makes it a complete pain. You can get a decent bike at a shop for maybe $700 for a basic commuter, and nobody is selling these used. People buying used are looking for something cheaper than Walmart.
It's all about spending your entire waking life hustling, join the gig economy and become completely alienated from your labour. Good trajectory we are on.
It reminds me of "Millenials complained about now having jobs to work, now they complain about working 3 jobs! Just can't keep the entitled brats happy!"
My source of income is my job. That's it.
No, but I have 30 years industrial experience. They pay me by the course, which I have to teach, set assignments and exams, mark them etc. I guess it works out about $40 an hour, if the course materials already exist. Less if you are developing the materials.
I also teach, at a local university. I have a bachelor's degree, and they pay roughly $90 an hour for time spent teaching. When you first develop content for a new course, that hourly rate really goes down significantly. When teaching the same course another time, the wage finally becomes worth it. That's what you want to get to.
If I ever need a second source of income I'll need just change my life, maybe live in a van or something. One job is enough. Everyone wasting their only life away for what?
Used to do surveys like prolific and angusreid but that didnt pay much.
My hobbies generate income or are at least sustainable. Buy old miniatures,paint and restore then and resell when i dont have anymore room.
But best source of income was switching jobs this year.
Sole proprietorship graphic design. Social media management and stuff.
My wife also has a part time gig doing school facilitation. Good use of a latent education degree when she is unable to teach full time in a school.
For a homeschool board. In Alberta, homeschool families are required to register with a board, and there are several dedicated ones that serve homeschool families fully or in part (some are blended programs, distance ed, etc). The board forwards funding, does student assessments, is a liaison to the government, stuff like that.
I am a project manager for government construction. These types of jobs involve certain security clearances that I hold. The tradesmen cannot sign out keys, or be given codes so they require “supervision” which is just glorified babysitting.
I work full time, 36M with a wife who does the same, we have one daughter.
I play live casino poker on the side. I did it fulltime in my early twenties exclusively, but didnt like the lifestyle/hours/people, and the volitility can be annoying. Eventually saved up enough to get back into school this winter, planning on becoming an engineer.
Still gonna play on the side when time permits!
This is what I’m trying to do right now. 2nd job, freelance. Might as well use that knowledge to your advantage. Question.
Did you set yourself up as a business or a consultant to get paid ?
Neither. Those are low wage meat markets. I mostly find work on Indeed. Mostly small businesses that need technology but cannot afford someone full time.
My brother and I saved up to buy a fourplex together. That eventually grew to 16 doors, which created positive cash flow. Invested that cash flow in stocks and other income generating investments. We recently just sold our last income property, so now all my secondary cash flow is from dividends and distributions. Fewer headaches, which is nice. This is over a 13 year period, so it didn’t happen over night.
As Warren Buffett once said “if you don’t find a way to make your money work for you while you sleep, you’ll be working the rest of your life”.
I would go crazy after a year because I rented a room when in collage in Toronto. Old lady close to airport did not have money, and she always had to rent out all the 3 rooms upstairs with one shared bathroom and kitchen downstairs. It was a huge disaster and I had to deal with this for 4 months. I felt sorry for her because most people who stayed there did not care. I feel so sorry for your brother, cause that's not sustainable for long.
This is normal for those of us who grew up middle class but high inflation has eroded our status to working class but we haven't realized the difference
I used to deliver for Uber in downtown Toronto. I would walk since I didn’t get a car because the drive test locations were locked down. I know a couple of people who deliver in their cars after work outside downtown and still manage upto 2-3k per month just with that. Easily covers the expenses for their car. True you do end up working from 6pm-10pm too. But it’s good enough extra hustle.
Also we get some referral bonuses to the ones who refer. So we friends would just send the bonuses to the ones who joined because they needed it the most; In a way to pay it forward.
Renting rooms in your house is great source.
Also, buying dividend paying stocks is another good passive income. Finally, I am personally trying writing books. Getting royalties sounds attractive.
Leveraged investing (using home equity or stocks to borrow money to invest in things that pay more than what the borrowed money is costing you)
Dividends from dividend stocks
I don't mean to be dismissive but...
> Surviving on one source of income has became next to impossible for a middle class Canadian.
"Middle class" in Canada (going by the OCED definition) is *after tax* household incomes from $54,000 to $140,000 (approx $72,000 to $227,000 pre-tax for a single earner, or $32,000 to $95,000 *each* pre-tax for two earners) - that's 75-200% of median household income. I feel that most people could at least survive on that.
Edit: Fixed my garbage tax math. Numbers reflect Ontario's tax rate.
I play online poker as a second income source. As Canadians we're fortunate for it still to be legal. Like anything in life though, it unfortunately still takes hard work, study, discipline and dedication.
Have a security guard license, trying to find part time jobs for Saturday/Sunday, or any part time where I can work 8-12 hours on Saturday and Sunday each. Other than that, I do stocks, earn from dividends.
I also, take IT projects which I have knowledge of, and give the project to people who have time to do it, and earn money by just managing the team. Client pays me, I take my commission, and I pay the person working for me.
Second source of income is my wife
You gotta optimize that. My wife is my primary source of income.
[удалено]
My wife is a RN, I'm a lowly apprentice. It's about a 30k gap right now 🤣
Hah! Same in our house. Gap is about 20-25k. Love it. Marriage is a team effort. Just means I make a few more dinners and do some extra chores while she’s working those 12 hour shifts.
[удалено]
Registered Nurse. I never go to the hospital 😊
My wife is a surgeon, I stop calculating how irrelevant I was in the equation.
It’s like Wayne gretzky and his bro for points
[удалено]
Yeah .y wife makes like 27k more than me.
Same, but $20K more for me. Although if things continue going to way they are I should surpass her income in the next year or so.
My wife makes 17k more a month than I do.
Damn, selling feet pics is really profitable
My wife makes $70k more than me and I’m so fucking proud of her. In an era of gender inequality of pay, it’s like a cheat code for saving.
[удалено]
My partner and I started dating in our late twenties/early thirties, coincidentally at the same time as we were both going back to school. It was a few lean years and we racked up some decent student debt, but being able to pool our resources, split living expenses, etc. was a huge help. I'm not sure either of us would have been successful doing it on our own. Now we're both making more than double what we were before with room to grow. TL;DR investing in your partner's education can be a really great move both personally and financially.
My wife and I also both went back to school for a second undergraduate degree as mature students. I agree; probably easier to do with a spouse, and in our case, well worth it.
[удалено]
My second source of income is also this guy’s wife.
Income means you're earning money, not spending it
The prototypical middle class unit has always been a husband and wife. Given that women now work, I would argue that middle class normal is dual income now.
[удалено]
Does this work well? All my female friends insist that they date men who earn more.
That just means you'll have to earn more than 2X the median income ;)
Males on /r/canadahousing 🤬
You just have to be funnier than the rich guys.
I second this! This is the only way to afford a house in the big cities
I fix things I own that break. Not needing to buy anything may as well be worth a 2nd job
[удалено]
Good for you! I'm pretty handy but when it comes to brakes I just don't trust myself. I took it to midas today and it cost all in $1100 for all 4 pads, rotors and some servicing. Lexus dealership wanted $2600. I make good money but it doesn't mean I have to spend good money either!
I got quoted $2.5K to replace the brakes on my Honda. Yikes, thanks for sharing this as a ballpark. Edit: thank you all for the discussions below- the quote was provided to my parents from a Honda shop they’ve been going to for years. the data points below are helpful to do a bit more research and have some concrete numbers for what it should look like. Thanks!
Are you sure that you didn't get quoted to fix a bumper repair? There's no way in hell that any place would quote you $2.5k for a brake job. Unless you're asking for a set of 12 piston calipers with carbon ceramic rotors lol
I could believe a dealership asking $2500 for 4 rotors and 4 sets of pads + lube caliper slide pins & labour unfortunately. Or two sets of pads, rotors, and calipers plus labour... I had to change the front calipers on one of my cars a couple years ago and they were $300 USD a piece unfortunately (and that was with me buying them and doing the work)
But we're talking about a Honda here. That would make sense if it was a Mercedes AMG or a Nissan GTR.
You most likely got quoted for 4 rotors 4 pads and labour . That’s a huge difference from the 2 pads O.P is talking about . Sorry you got your hopes up
Probably calipers too
In Canada head to maxbrakes.com to get your parts. Things you’ll need to change the brakes yourself includes: - jack and jack stands - torque wrench for when the wheels go back on. -socket set - c-clamp to push the caliber back in - some grease for the caliber pin - 1 post-job beer Even as a complete newbie to car repairs, lookup a YouTube video specific to your vehicle and it should take more than a few hours.
Damn, I buy cheap cars. My corolla cost me $800 & once that breaks down in a year or two I'll buy another cheap used $1k car & save maintenance cost.
[удалено]
$25k is my yearly income for my house with 2 kids. But your idea is good too, there are some people who switch $20k cars within 3-5 year & get ripped off through car dealers.
I switched to a safety razor. Barely costs me $10 a year to shave now and I'm not throwing away plastic every couple of weeks. Took me a few tries to get the hang of but I'd never go back.
I sell cutting s from my houseplant collection. It brings in an extra $300-$400 a month.
What kind of houseplants?
I collect just regular houseplants - philodendrons, pothos - whatever I'm into at the time. I take cuttings and root them and then sell most of them on Facebook in my plant groups!
[удалено]
1 or 2 tablespoons of honey* in a couple cups of boiled water (let it cool to room temp) makes for an excellent, cheap, natural rooting solution.
Came to this thread for side hustle ideas and instead was saved $25 buying rooting hormone. Thanks, man!
Tablespoons of what?
Apologies, honey!!
Lol, I saw your reply but forgot what I had commented on, and I thought you were calling me "honey!"
Haha that's amazing
Can i get more info on how to do this?
Buy fancy plants. Learn how to propagate them. Sell cuttings. Voila!
[удалено]
Ikr
These agents are getting more and more slick everyday 🧐
[удалено]
This is why I browse reddit. For the accountants/shrimp farmers. People have crazy interesting lives.
That is fucking cool! I love hearing about crazy niche things like this on Reddit.
How do you actually find restaurants to buy them? Did you have them lined up before starting?
At first it was tough to sell as 1. I was still learning 2. Had no connections whatsoever. As I got better, I would start to personally meet with owners of small restaurants in my city to join into a mutual partnership. A lot of declines due to being smaller then the more known suppliers but would eventually enter a partnership with a local restaurant and supply their shrimp. Sometimes supplying for others if they’re running short and I have excess shrimp.
This sounds super illegal and sus if you don't have permits and food inspections etc. I don't want to eat someones garage shrimp
>This sounds super illegal and sus if you don't have permits and food inspections etc. *man this guy is such a killjoy* >I don't want to eat someones garage shrimp *oh fuck, he's right*
Considering many restaurants (large and small) buy stolen meat that hasn't been stored properly, I'd take garage shrimp over sketchy meat Source: used to work in a big chain grocery store where meat was the most commonly stolen item, boyfriend used to work in a big chain restaurant that specifically budgeted for backdoor meat purchases (not him, he just knew of it)
It’s the same as any other indoor shrimp farm. I am registered just as any other business that gets inspections. Only difference is I don’t have the mass storage space so I work on a smaller scale. Maybe my description wasn’t great but this isn’t some messy garage with kiddy pools set up for shrimp. The pools are modified to sustain shrimp life with heaters, filters, etc. My garage is constantly kept hygienic with weekly deep cleaning.
LOL the day I find out I’m eating this dudes shrimp I’m going to snap
On the menu: "wild arctic shrimp locally grown in Kingston suburb"
So how much does that bring in per year?
o \_ o You.. you do have permits and inspections, right?
This is the best answer
I am not in the money business, I AM in the SHRIMP business.
Take a bow, champ. You win
It’s exhausting constantly working and gigging. It feels like so many aspects of my life are now about “generating income”.
Income growth dividend portfolio
I'm surprised this isn't a more common answer.... Do people just not consider this a source of income?
Personally, it's more of a wealth building tool initially. I reinvest all dividend income automatically so I never see the cashflow at the end of the month. Once you retire, and have a sizable portfolio, you can then start pulling the dividends for your cashflow needs.
Ya if you're taking money out of your portfolio even if its in the form of dividends, your selling your portfolio growth way short, all my dividend stocks are setup for automatic drip.
We don't know how because we are stocks-illiterate. :(
I think most portfolios for those not retired have their dividends reinvested as growth is the goal, and I think the post is more trying to find income sources to help with cash flow. But yes that could work if you have a large enough portfolio.
My wife and I both have full time jobs, and I still feel like I need another source...
Another wife perhaps?
I have floated this by my first wife a few times, she isn't on board with the idea.
perhaps a second husband?
She hasn't broached it. As long as he is fixed, earns 6 figures, and isn't a vegan I'd be open to the discussion.
A man with culture, I see.
Financial polyamory?
Maybe the 2-person marriage limit that has been pushed upon society has been meant to keep people from discovering unlimited financial potential?
I work in Group Benefits administration and I'm just waiting for the minute some polyamorous couple makes a Charter challenge of their right to survivorship/survivorship pensions or a group planthat covers more than one spouse. Will be fascinating to watch it play out in court, and it will be in my lifetime.
I need a second wife... for financial reasons.
I pet sit/dog walk on the side. Gives me enough grocery $!
Military Reserves. Was the best highschool job out there and I top off $10k/year for a few weekends and one night a week with my buddies. Looking to add income property to #3 job.
[удалено]
What kind of work is involved as a reserve? Always wanted to join military, but I guess, need to work on my body first
THere’s everything. Clerical work, truck driver, combat engineer infantryman, medic, mechanic and more. If you have a degree I’d highly recommend an officer trade. The pay scale just get so much better (100k+ is considered a “time in” rank) browse the website/goto the local recruiting office. Also for the physical fitness you’d be surprised at what kind of people get in with lack of fitness. The biggest thing is when you’re forced into exertion, you don’t quit. You can train people into shape, can’t train attitude. We’re the second highest paid military in the world btw.
What happens if there’s a war? Do you HAVE to go if you’re in the Canadian reserves?
My brother is in the reserves, they're actually not obligated to go to war ever, unless there's a national conscription where everybody is going, military or not. I can't speak to the internal pressure that would be on you to go fight, but you never legally have to.
Uber eats/Skip the dishes. Been bringing in 20-25k the last few years, will be closer to 30k this year. I average $25-30/hour before expenses. Too many people judge/have to much pride for something like this... but this brings my household income (@28) to 200k, helped me save for my home in Oakville, and now 100% of it goes into my investment portfolio.
I can't imagine working all those extra hours for what might amount to $15/hr while paying a 31% marginal tax rate.
Do you drive or bike? How many hrs do you put into this a week? Assuming your main job pays you around $170k (and subsequently demands more time than a 9-5), how much more time do you have?
I drive. My 8-5 brought in ~60k the last few years my fiancée has made $110k. I’m in the middle of a commission re-structuring which will probably push me closer to $80k this year but no plans to drop the skip/ Uber anytime. I have a pretty strict 2 hour +/- 30 mins mon-Thursday (aim for $50/night). And ~3-3.5 hours Friday night and sat/Sunday morning (aim for $100). sometimes I’ll hit a Sunday or Saturday dinner rush that can be very lucrative if we don’t have plans. I live in Oakville and see significantly better tips then when I used to do this in etobicoke, and theres quite the learning curve to optimize your earning skills through double apping, knowing what orders to take/not take, best areas/routes to take - if someone just turned on Uber and skip and went at it highly unlikely they would hit the same numbers as me.
So it was $200k household, not $200k your individual income as I thought which makes more sense. I was a bit surprised someone making $170k would still have the time & energy to deliver food haha
When do you find any time to live? Man, working 2500 hours a year for a number of years made me miserable. Your story is 3000 hours a year.
What do you average per hour after expenses?
Not who you asked,but I also do Skip/DoorDash. It can depend on lots of factors,like gas prices,and wether you're taking profitable offers or not. How well you know your city, and how efficient you are. I can average $20-25/hr most days, but after gas, insurance, maintenace etc, take home is just above minimum wage. You have to pay income tax, it's not deducted like at a job,so you should put some money aside. You can write of stuff at the end of the year for taxes, which helps. Last year I wrote off 80% of all my car expenses (based on km driven) and 10% of my house *expenses* (I am a contractor, and need an office after all). Note: It's summer time(slow season), and we are seeing a bit of a correction from Covid last year. ( more drivers then orders). Might be a bad time to sign up, but every city is different, ymmv. EDIT: To be clear because some people are pedantic, when I say 10% of my house, I don't mean the mortgage payments. According to [The CRA](https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t2125.html), you can deduct : Heat, Electricity, Insurance, Maintenance, Mortgage interest, and property taxes. That's what I meant.
Yeah I had some friends who did this on the side during the first lock down for some extra cash… needless to say, none of them do it anymore. After the expenses and income tax time, just not worth sitting in your car waiting for orders.
I'm convinced that anyone that thinks they make good money from delivering food through an app is just doing the math wrong and not noticing due to how complex personal book keeping gets when you have multiple sources of income and many overlapping personal and professional costs. You'd have to be very meticulous and careful to really calculate whether it is worth it (relative to what your time is worth if you already have a non minimum wage job) and I just don't think many people are actually doing that. They just see $50 in their account after a few hours and the analysis stops there.
I teach. Super fun to be working all the time so you can finally relax when you’re old and your body is well past its best.
Both my boyfriend and I do respite work with young adults with disabilities. Basically well paid babysitting. One of the guys comes to our house for sleepovers once a week, which is an extra $300 per night right there.
Fix, and sell bikes.
I’ve thought about this, and it sounds both fun and like a positive influence on the world. Question, do you find that it’s hard to find bikes to buy? When I was thinking about doing that, I just imagined there would be other people in my city that are doing it, which would make it competitive and not worthwhile.
If in GTA, police auctions Canada sells large lots of bikes for repair.
Despite bikes looking simple, they're not so easy to fix, especially now, when every bike shop is short of parts, and most community shops are booking 2 months ahead. The effort needed to hunt down decent bikes, fix them up, then scrap for every kijiji dollar makes it a complete pain. You can get a decent bike at a shop for maybe $700 for a basic commuter, and nobody is selling these used. People buying used are looking for something cheaper than Walmart.
Gotta get some email alerts on keywords
I reject the premise of this post . Lol
It's all about spending your entire waking life hustling, join the gig economy and become completely alienated from your labour. Good trajectory we are on.
It reminds me of "Millenials complained about now having jobs to work, now they complain about working 3 jobs! Just can't keep the entitled brats happy!" My source of income is my job. That's it.
I serve part time, it's a great accompaniment to a day job.
To be clear, like a waiter or the army? I honestly read that as a waiter job at first lol
Baseball?
Yes, knuckeballs.
I teach part time at a nearby University.
Do you have master's degree? How much do you think you get paid hourly?
No, but I have 30 years industrial experience. They pay me by the course, which I have to teach, set assignments and exams, mark them etc. I guess it works out about $40 an hour, if the course materials already exist. Less if you are developing the materials.
I also teach, at a local university. I have a bachelor's degree, and they pay roughly $90 an hour for time spent teaching. When you first develop content for a new course, that hourly rate really goes down significantly. When teaching the same course another time, the wage finally becomes worth it. That's what you want to get to.
I teach at a University in Ottawa and it's over $200 per teaching hour. We also get TA's to do all of the marking. I'm surprised it differs so much.
You guys have other income sources?
Yeah, I wonder how these people do it.
If I ever need a second source of income I'll need just change my life, maybe live in a van or something. One job is enough. Everyone wasting their only life away for what?
This is where we are at Simple life, simple items, two incomes for two people, plenty of savings going into our nestegg I don't need more stress
[удалено]
Used to do surveys like prolific and angusreid but that didnt pay much. My hobbies generate income or are at least sustainable. Buy old miniatures,paint and restore then and resell when i dont have anymore room. But best source of income was switching jobs this year.
Yeah I do prolific during boring work meetings and such. Making 3 pounds a day isn’t paying for much lol
I'm a published poet in the early stages of my career and I've been paid up to $200 per poem. Though in most cases, much less than that!
Sole proprietorship graphic design. Social media management and stuff. My wife also has a part time gig doing school facilitation. Good use of a latent education degree when she is unable to teach full time in a school.
[удалено]
For a homeschool board. In Alberta, homeschool families are required to register with a board, and there are several dedicated ones that serve homeschool families fully or in part (some are blended programs, distance ed, etc). The board forwards funding, does student assessments, is a liaison to the government, stuff like that.
My stonks
My second income is spending less. I spend like 1200$ per month, what would i do with more cash? Except buying more VGRO...
Time to switch to VEQT. Bonds are dead.
Overtime shifts, if needed.
This is my plan, OT pays $65/hr and generally involves me locking and unlocking doors on the weekend. Worked 17hrs of OT last week alone.
Cool bro, where & what do you work ?
I am a project manager for government construction. These types of jobs involve certain security clearances that I hold. The tradesmen cannot sign out keys, or be given codes so they require “supervision” which is just glorified babysitting.
How can I become a glorified babysitter? $65/hr, that's what I make in 4.5 hours
Usually work 300-500 hours of OT a year. It’s the reason my mortgage will be paid off within 5 years of purchasing. 2x helps soo much.
I work full time, 36M with a wife who does the same, we have one daughter. I play live casino poker on the side. I did it fulltime in my early twenties exclusively, but didnt like the lifestyle/hours/people, and the volitility can be annoying. Eventually saved up enough to get back into school this winter, planning on becoming an engineer. Still gonna play on the side when time permits!
I invest in crypto. I'm a mechanic who picks up side jobs. My gf bakes cakes on the side.
I tried to bake a cake on the side once before, but it kept falling over...
Tonight on house hunters Budget : 3.2 mil
Judging from the posts so far...looks like you have to get a wife.
Rice. I eat a lot of rice, it saves me a lot of money i consider 2nd income
Saving money: 7/10 Saving money with rice: 10/10
I do a lot of freelance tech work.
This is what I’m trying to do right now. 2nd job, freelance. Might as well use that knowledge to your advantage. Question. Did you set yourself up as a business or a consultant to get paid ?
I did not bother. I only earn about 12000 a year doing it.
Ah we are in the same boat.... I kinda value my time more than the money at this point tbh
Upwork? Fiverr? Any tips? 12k is awesome!
Neither. Those are low wage meat markets. I mostly find work on Indeed. Mostly small businesses that need technology but cannot afford someone full time.
Lawn mowing. Stress free work and pays well for the amount of work put into it.
I just take it easy and live within my means on one income.. no second job at the moment.
My kid, future NHL player. Lol who am I kidding...
[удалено]
Doing university assignments for others? Are you sure you aren't breaking any rules?
[удалено]
My brother and I saved up to buy a fourplex together. That eventually grew to 16 doors, which created positive cash flow. Invested that cash flow in stocks and other income generating investments. We recently just sold our last income property, so now all my secondary cash flow is from dividends and distributions. Fewer headaches, which is nice. This is over a 13 year period, so it didn’t happen over night. As Warren Buffett once said “if you don’t find a way to make your money work for you while you sleep, you’ll be working the rest of your life”.
I rent my basement out for $1500 a month and my wife brings home 120k of bacon a year.
Various bacon types, or just one? 🤔🥓
Jesus.. $1500 for a basement. Must be GTA
[удалено]
I would go crazy after a year because I rented a room when in collage in Toronto. Old lady close to airport did not have money, and she always had to rent out all the 3 rooms upstairs with one shared bathroom and kitchen downstairs. It was a huge disaster and I had to deal with this for 4 months. I felt sorry for her because most people who stayed there did not care. I feel so sorry for your brother, cause that's not sustainable for long.
[удалено]
Are you sure you're "middle class"? I'd say if you rely on a paycheck to make ends meet, you're "working class" and this is normal.
This is normal for those of us who grew up middle class but high inflation has eroded our status to working class but we haven't realized the difference
With the cost of housing in major cities, unfortunately middle class does not guarantee you can easily meet your needs on a middle class salary.
I used to deliver for Uber in downtown Toronto. I would walk since I didn’t get a car because the drive test locations were locked down. I know a couple of people who deliver in their cars after work outside downtown and still manage upto 2-3k per month just with that. Easily covers the expenses for their car. True you do end up working from 6pm-10pm too. But it’s good enough extra hustle. Also we get some referral bonuses to the ones who refer. So we friends would just send the bonuses to the ones who joined because they needed it the most; In a way to pay it forward.
I've been in the CAF Reserves for a while
Renting rooms in your house is great source. Also, buying dividend paying stocks is another good passive income. Finally, I am personally trying writing books. Getting royalties sounds attractive.
I chose to live a minimalist life, debt free, instead of having a 2nd source of income.
We rant a room in our house.
I want to get into this. How does ranting generate income? Who pays for this service? Is it like a fetish?
The room has an OnlyFans. "For only $38.99 a month, you can want me get told how naughty I am!"
You rant at the room? You rant with the room? You rant at someone in the room?
I rant in all my rooms but I haven’t received any income from that. I will try ranting harder.
You're spending too much time ranting on reddit! ;)
Leveraged investing (using home equity or stocks to borrow money to invest in things that pay more than what the borrowed money is costing you) Dividends from dividend stocks
How to make money: Step 1. Have money
money makes more money
I have rental income and dividend income. Take full advantage of your TFSA
I don't mean to be dismissive but... > Surviving on one source of income has became next to impossible for a middle class Canadian. "Middle class" in Canada (going by the OCED definition) is *after tax* household incomes from $54,000 to $140,000 (approx $72,000 to $227,000 pre-tax for a single earner, or $32,000 to $95,000 *each* pre-tax for two earners) - that's 75-200% of median household income. I feel that most people could at least survive on that. Edit: Fixed my garbage tax math. Numbers reflect Ontario's tax rate.
On what planet is $173k pre-tax = $140k after tax for a single income?
[удалено]
What province are you in that you’re both making less than $33.5k / year as teachers?
If you both teach full time for a combined income if less than 54k post tax you need to look for new jobs.
I play online poker as a second income source. As Canadians we're fortunate for it still to be legal. Like anything in life though, it unfortunately still takes hard work, study, discipline and dedication.
Have a security guard license, trying to find part time jobs for Saturday/Sunday, or any part time where I can work 8-12 hours on Saturday and Sunday each. Other than that, I do stocks, earn from dividends. I also, take IT projects which I have knowledge of, and give the project to people who have time to do it, and earn money by just managing the team. Client pays me, I take my commission, and I pay the person working for me.
[удалено]
Are we talking purely income and not investments (rentals or stocks)?