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What It's About
Today's caller is making money with their hustle - great! Now what?
Notes from Chris
Episode 1705
Welcome to a new month! How does a side hustle fit into your overall savings plan? That’s what our listener wants to know, in response to some recent comments on different asset classes. You know, when I talk about the importance of having more than one source of income, I often mention it in the context of security. What if something changes in your life? What if you lose your job? What if you want to quit your job? The other component to having more money is savings and investments. I don’t want to get sidetracked from our mission, but another way to have more security is through additional forms of savings. How does a side hustle fit into your overall savings plan? That’s what our listener wants to know, in response to some recent comments on different asset classes."In the bonus episode you did with a bank executive, he mentioned something about the importance of saving in different asset classes. Can you explain that more? Also, does it apply to earning in addition to saving? All the attention on meme stocks and high real estate prices has got me thinking I should be doing more to diversify my assets, but there’s so much conflicting advice out there that I don’t know where to start."Listen to today's episode to learn more...
SEE ALSO:
- Millennial Invests Side Income For Passive Profits: A man on a mission goes from unemployed to day job, then from side hustler to millionaire in five years. Putting 80% of his income into investments for an early retirement made total cents.
- Failure Friday: “We made a ton of investment … then we decided to close.”: In this week’s Failure Friday segment, we hear from Nate Martin, the founder of America’s original escape room. His business Puzzle Break now has locations worldwide, but an early expansion to San Francisco was a puzzle he couldn’t crack.
- Unused Basement Becomes $3,000/Month Pilates Studio: How five minutes of internet research inspired one couple to start an in-home pilates studio in their unfinished basement.
