It’s been a year since my last side income update. Back in May 2022, I was making around $1,500 per month from my side hustles and it grew to $2,200 per month a year later in 2023. Let’s run through the update for 2024.
Rental Income
With the property market cooling down since 2023, we are lucky to be able to maintain the same rent as 2023. However we are expecting the rental income to drop in 2025 and beyond. For now, we are still getting $1300 per month per person in rental income.
Ecommerce
Unfortunately, our ecommerce business wasn’t not doing very well in 2024. We see more competitors coming into the space and are pushing the prices down. This greatly affected our sales and revenue. As a result, our ecommerce income had dropped significantly from $500 per month in 2023 back down to $200 per month this year. We just got onto the Tiktok marketplace this year and hopefully it can help to boost our sales volume....