21–30 of 46 posts
"Jazz Musician": someone who puts a $10000 horn in a $1000 car to play a $100 gig
I'd keep in mind that even though someone may find an activity profitable, it's often largely affected by the local laws and tax policies. For example are a myriad of 10s-100s of bucks/month I could theoretically make that have demand and in many countries someone might do, but here it's 1) required to have a company 2) static taxes are several thousand/year 3) dealing with requisite liabilities and insurance lifts t…
All of those things are optional. I promise you can sell something to your neighbor for $10 without filing taxes and registering a company. To believe otherwise is like the Top Gear story about the German guy who insists you need a license to drive a car.
https://www.youtube.com/watch?v=B3EBs7sCOzo
Aside from that - as for parent poster's story about needing to register a company, perhaps they are living in a particularly onerous jurisdiction. But more generally, many jurisdictions allow you to be a Sole Trader with fairly minimal registration. Filing taxes - well, hopefully you do that already, and adding your Sole Trader income is likely not that much work on top. (Selling overseas and dealing with overseas taxes? There's often companies that will handle all the overseas taxes on your behalf, and they might only take 10% or less of the sale with no upfront cost as payment.)
If you're not sure about this stuff, see if your city has a Small Business Development Center where you can ask their advice. This stuff is probably all online, and if not they might have leaflets & books on what you need to know. Places like that will often have open hours with someone from the Tax Office as well where you can ask your questions.
Especially, don't put up walls for yourself that weren't already there. This stuff really may not be as complicated as you think.
I am employed as a senior software engineer at Microsoft, on the side I like to steal from parked cars with clearly visible valuables in suburbs adjacent to our office. You can make a fortune selling this garbage on the internet with little risk, I make usually an extra $800 - sometimes $2000 in a good week if multiple high end laptops.
I'm leasing my kidney. I'm 27 and did the calculation, it's just more profitable than selling. Picked this trend up on TikTok and can recommend. When I retire I plan to get it back. Was a no-brainer.
I spent an afternoon in an iron lung, and a couple nights in the hospital, trying to sleep while med students messed with my air supply.
Let me tell you something that does not make money: selling fiction books as an independent author (through physical copies, Kindle ebooks and Kindle Unlimited). Family member is a good writer, has been trying to "make it" for a few years already (published multiple books, has good reviews), and the monthly profit is still not enough to buy a pizza.
I am employed as a senior software engineer at Microsoft, on the side I like to steal from parked cars with clearly visible valuables in suburbs adjacent to our office. You can make a fortune selling this garbage on the internet with little risk, I make usually an extra $800 - sometimes $2000 in a good week if multiple high end laptops.
Are you serious?
Hello IRS
I teach some music private lessons and play jazz gigs. An easy side hustle that should require not more than 10 years of work for a couple of hours a day to qualify if you apply yourself. You could be a hundredaire! :-) "Jazz Musician": someone who puts a $10000 horn in a $1000 car to play a $100 gig