I was listening to my new favorite podcast last week - Nick Loper's Side Hustle Nation - and there was an awesome guest on, Chris Guthrie from Entrepreneur Boost. In the intro, he said something that really struck me - my boss fired me because he found out about my side job and figured that my heart wasn't all into the company. That sucks...but it got me wondering - are side hustlers and side entrepreneurs a weak link the company? Where Side Hustling Employees Add Value I think, in many cases, side hustling employees are some of the most valuable ones in the company. To be able to work full time and maintain a side hustle requires a level of execution that most employees simply don't have. I would venture a guess that … [Read more...]
Becoming a One Income Family
What we're currently working on in our family is living off of one income. Yes, there's only two of us, so it's not as hard as if we had a family with children, but it is still not the easiest. We're working on paying off student loans and then our mortgage, and would like them all gone within the next couple of years. And this is why we are working on living off of less than 50% of our incomes (this includes our expenses and our minimum monthly mortgage payment of $970 and minimum student loans of around $300 per month). The rest of our monthly income is getting thrown like crazy towards our debt as extra debt payments. Yes, we could continue living the way that we used to and pay off our debt slowly, but we hardly notice a difference … [Read more...]
Should You Start Your Own Side Hustle?
What's a fast way to jump start your savings, increase your income and pay down debt faster? Get a side hustle! I am a big proponent of increasing your income, instead of finding additional ways to cut back. Mainly because there are only so many ways that you can cut back, but the amount that you can increase your income is endless. Side hustles can also increase your skills at your current position. Talking to others in your side hustle area can help you understand certain terms or common knowledge. Also, maybe your dream is to eventually make your side hustle your full time job. Having it as a side hustle first can help you decide if this is what you can do, if it's sustainable and so on. I have multiple side income, with online income … [Read more...]
