Use Your Hobby to Make Some Extra Cash

Use Your Hobby to Make Some Extra Cash

Photography

Many people love photography, and many people are very good at it. This is one hobby that a lot of people have turned into an extra source of income. With so many websites that sell photos, you can make some extra money if you know how to get an image just right.

 

Dog Walking

Have you ever seen someone walking around the neighborhood, being pulled by three or four dogs at the same time? While that person might love dogs, most likely he or she is being paid to walk those dogs. In fact, many people who started walking or taking care of dogs for fun have turned it into fairly lucrative side businesses. 

 

Collecting

Collecting is one of the best ways to make money with a hobby, especially if you enjoy collecting valuable items like rare art, coins, exotic cars, jewelry, or even horses. Many collectors start out simply because they have a passion for what they’re collecting, but later discover that they can make money at the same time. 

 

Blogging/Writing

The Internet is Full of Content. So where do you think that content comes from? Someone has to write it, which means if you’re any good at putting your thoughts on paper in an organized way, then you could tun you hobby into cash.

 

Don’t Forget Your Taxes

Obviously, these are just a handful of popular hobbies that people participate in, and there are many others. However, these hobbies typically lend themselves better to making money on the side. Have you considered making money with your hobby? If not, then now might be a good time for you to start looking for ways to turn your favorite pastime into some extra cash. Just keep in mind, though, that you will owe taxes on any profit you make from a given hobby. 
We hope you found this article about “Use Your Hobby to Make Some Extra Cash” helpful.  If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page  or our website at www.GROCO.com.  Unfortunately, we no longer give advice to other tax professionals gratis.To receive our free newsletter, contact us here.

Subscribe our YouTube Channel for more updates.

Alan Olsen, CPA

Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com.  GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.

 

Alan L. Olsen, CPA, Wikipedia Bio

 

 

GROCO.com is a proud sponsor of The American Dreams Show.

 

American-Dreams-Show-Accounting-firm-in-ca-cpa-tax-advisors-groco-alan-olsen

The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business. Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.

The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most. They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..

American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:

Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…

Untitled_Artwork copy 4

MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness.  It’s mission statement:

In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges. Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.

/GROCO
Posted in
Seven Signs Your Noncompliance Will Be Considered Willful

Seven Signs Your Noncompliance Will Be Considered Willful

Seven Signs Your Noncompliance Will Be Considered Willful There are many ways taxpayers can get the attention of the IRS. Although a lot of people make innocent mistakes when they file their tax returns, there are others who willfully look for ways to skip out on the taxes they owe. The IRS does treat those…

Make Sure Your Heirs Inherit What You Want

Make Sure Your Heirs Inherit What You Want

Make Sure Your Heirs Inherit What You Want. The saying goes that their only two things that are certain in life: death and taxes. While people can generate endless amounts of money when they’re alive, they can’t live forever and they can’t take that wealth with them when they die. However, they can have a…

Will Taxing the Rich Even More Improve Inequality?

Will Taxing the Rich Even More Improve Inequality?

Will Taxing the Rich Even More Improve Inequality? It’s been the cry of democratic lawmakers and many of the less fortunate for years: “We need to tax the wealthy even more.” “The rich have to pay their fair share of taxes, too.” The problem is the rich already pay a huge portion of the country’s…

It Pays to Be Rich for These Five Tax Breaks

It Pays to Be Rich for These Five Tax Breaks

It Pays to Be Rich for These Five Tax Breaks Although it’s true that the ultra-wealthy are heavily taxed, and in many cases unfairly, there are also some tax break advantages that favor the upper class more than those in the middle. Let’s take a look at some of these breaks. Most common and first…