Most of us on this forum probably have a specialized skill set that the market values.
Has anyone had success in making side income from freelancing or even starting a side business using skills they've learned on the job?
IBD? Make decks, general excel work, financial analysis
Accounting? Small business bookkeeping and advisory
Real Estate? Deal underwriting, asset reports, advisory, document abstraction, transaction advisory
Consulting? Consulting
PE? transaction advisory, business advisory
HF? Newsletter, charting, whatever else you guys do ha
List goes on. There's also just general Microsoft Office suite work.
Hi itsanumbersgame, whoops, looks like nobody chimed in here.... maybe one of these discussions below is relevant:
You're welcome.
Really curious about this as well.
Yes and no. For real estate stuff I have done underwriting for people. Specifically I have friends who work in residential brokerage who have gotten investment property/ commercial listings. I just underwrite stuff for them and help them put together an Oferring Memorandum.
Normally I charge a couple hundred bucks upfront then a piece of the commission when it closes. I’d like to do more though and actually scale up for some substantial side income.
i leased an X6 i cant afford so now i drive uber in it jk uber rejected my app so did a dog walking app
i hung some shelves at my moms house too
What made me curious is a friend of mine works at a company that pays some ex-finance girl $350 an hour to underwrite RE acquisitions. That’s insane. She can be doing it from anywhere too.
That sounds a bit different than side income. Sounds more like freelancing / being an independent consultant.
If her day job also involves RE underwriting she would be in violation of her employment agreement.. probably.
I know a senior research analyst at my shop was doing reports for the provincial housing authority on the side
Unfortunately, finance, particularly trading is all I know and it's not really applicable any where else. I did work in market risk and other MO functions but it wouldn't be considered a side job then. I mean, people usually ask me if I can make money for them and try offering me 500 bucks deposit and 50:50 split but I don't see value in that as I don't really care for it. I do serve in the military part time and work in security force but working in security in the private sector sucks and minimum wage. I wish I had a different / additional skill set and really, the optimal solution for me is to expand into programming which I currently am doing and see where it takes me on top of trading.
Short of one day running my own deals, at which point it will not be a side gig as much as just my main career, I will always be paid more for my day job than any side job. If I have an extra hour or two, it is far better used making sure all of my main job boxes are checked or strategizing for the future or networking or even just relaxing and decompressing than it would be making a couple hundred bucks on the side.
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