More and more people are getting super motivated to do better things with their money. Sometimes that requires some additional income; especially if you are trying to make up some wiggle room in your cash flow or pay off debt really quickly.
One of the easiest ways to get some extra money is to start a side hustle…or two.
Are you crafty? You can have an Etsy store.
Are you a good cook? You could sell your wares at farmer’s markets.
How do you navigate all of the options for a side hustle?
Michael and our special guest, Jennifer McDermott, the Consumer Advocate at the personal finance comparison website finder.com, will help you understand everything there is to know about side hustles.
Jennifer has more than 12 years’ experience under her belt in the finance, lifestyle and travel industries where she’s analyzed consumer trends. She is passionate about breaking down complex themes and providing actionable advice that empowers people to make better decisions about their money.
Notes from the Episode
- What are you good at or what do you like to do? That could be your first side hustle.
- You should think of your side hustle, no matter how big or small, as a business and manage it as such.
- You can use finder.com for credit card comparisons, VPN comparisons, shopping guides, financial calculators and more. (We weren’t compensated for mentioning Finder.com)
When you should consider hiring a financial coach:
- You pay off debt but wind up right back in debt
- You put a good amount in savings but unexpected whammy expenses keep draining your savings
- You feel like you live paycheck to paycheck but make good money
- You try to pay off debt with the Debt Snowball method but keep losing interest
- You feel that you are actually really good with your money but you have some big goals and want help reaching these goals as quickly as possible
Want to learn more about reducing financial stress? Here are a few resources to get you started:
- Driving with Uber – Finder.com
- Make money driving for Uber – Finder.com
- Savings calculator – Finder.com
- Etsy.com – Sell your hand made items
- Ebay.com – Sell your unwanted stuff
- RELATED BLOG POST: How to budget
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