I've been searching for the perfect side hustle for many months now. I have a full-time job that I'm passionate about, but I'm also very interested in personal finance and side hustles. I've read and researched many articles and books that stress the importance of having additional sources of income. In short, they simply provide a sense of security. I dedicated an entire blog post to that subject, which you can read at the bottom of this article.
With a full-time career, I need a flexible, on-demand side hustle. I need a side hustle that only eats up a few hours on a weekend-- and I need this particular side hustle to be worth it financially. I thought about delivering pizzas or driving for a ride share company, but I work in the news industry. I just hear too many horror stories about bad things happening to those drivers (or their customers). My wife also side hustles and I want her to be safe. That's why we Flex.
My wife and I deliver packages with Amazon Flex. I feel it's safer than delivering pizzas or being a ride share driver for a few reasons. Primarily, you can't be easily targeted by people with cruel intentions (above average movie). Customers waiting for Amazon packages aren't calling you for a ride in your back seat. They don't know what you look like, they don't know the exact time you're making the delivery, and they don't even know what vehicle you're driving. I also make sure we only Flex during daylight hours-- as an added layer of security.
Why I enjoy side hustling with Amazon Flex:
1. It's truly FLEXible! You choose a 3-4 hour shift at a time that works best for you. Deliveries are needed seven days a week; so there are plenty of shifts to choose from (at least in the Boston and surrounding areas).
2. The money's great! We get paid between $18-26 an hour. You also know how much you'll earn before accepting a shift. On average, we deliver between 25-40 small packages or envelopes. Amazon Flex makes sure all the deliveries are within a few miles of each other, too. As a bonus, if you work fast and finish your deliveries early, you still get paid for the full shift. You're not punished for being fast.
3. The work environment! You get to use your own vehicle, listen to music, and not answer to anyone except the Amazon Flex app; which walks you through every step of every delivery. It's very easy to follow along. No experience necessary.
Now to the money part-- the title of this post is, "I Earned $245 in 10 hrs. with this Side Hustle".
Here's how it breaks down:
I've picked up three Amazon Flex shifts so far. One shift was three hours and the other two were 3.5 hours. On average, I earned $24.50 an hour, which obviously gives me a grand total of $245. To me, that's pretty good money for a few hours of side hustling.
Here's another bonus; you get paid for the miles you drive!
Technically, Amazon Flex drivers are Independent Contractors, not employees of Amazon. Independent Contractors are allowed to deduct the mileage they drive when delivering packages. The mileage tax deduction rate for 2017 is 53.5 cents per mile. So for every mile you drive, you can deduct 53.5 cents from your total taxable income for 2017.
During my three shifts, I piled up 323 miles-- most of that is driving to the warehouse and back home. At 53.5 cents per mile, the 323 miles I've driven equals $171.19 that will be deducted from my taxable income. That means, of the $245 I earned in 10 hours, I'll only be taxed on $73.81 because I get to deduct my mileage. That's good stuff! That's a side hustle that is worth the money and effort in my opinion.
Here's how the numbers break down again:
10 hours of deliveries earning $24.50/hr. = $245
323 miles driven at 53.5 cents per mile deducted = $171.19
$245 minus $171.19 = $73.81 in total taxable income
Not too bad, right?!
I plan to keep side hustling with Amazon Flex. I enjoy it. However, I have a passion for personal finance, side hustles, and helping others. That's why this blog exists.
Thank you for reading,
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