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The Side Hustle Snowball: How to “Erase” Your Expenses with Extra Income Streams (Greatest Hits)

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Manage episode 458196954 series 1324446
Contenu fourni par Nick Loper and Nick Loper of Side Hustle Nation | YAP Media. Tout le contenu du podcast, y compris les épisodes, les graphiques et les descriptions de podcast, est téléchargé et fourni directement par Nick Loper and Nick Loper of Side Hustle Nation | YAP Media ou son partenaire de plateforme de podcast. Si vous pensez que quelqu'un utilise votre œuvre protégée sans votre autorisation, vous pouvez suivre le processus décrit ici https://fr.player.fm/legal.

I want to introduce a concept I call The Side Hustle Snowball.

If you’ve heard about Dave Ramsey’s “Debt Snowball” framework, this may sound familiar.

Here’s how The Side Hustle Snowball works:

You itemize out your expenses and then aim to come up with side hustle income to cover them, starting with the smallest and working your way up.

Once you reach the bottom of your list, you don’t need your job anymore!

The reason I like this framework is setting out to replace your income with a side business can be a daunting task. The Snowball approach breaks it down into mini-victories and lets you celebrate your progress along the way.

And just like a real snowball, it picks up steam, size, and momentum as it gets rolling.

Let’s look at some real-life examples of how you can make extra money. What follows are some of my actual monthly expenses*, and how we mentally zero them out with job-free income.

Full Show Notes: The Side Hustle Snowball: How to “Erase” Your Expenses with Extra Income Streams

New to the Show? Get your personalized money-making playlist here!

Sponsors:

Airbnb — Discover how much your home could be worth and find a professional co-host today!

Indeed — Start hiring NOW with a $75 sponsored job credit to upgrade your job post!

Mint Mobile — Cut your wireless bill to $15 a month!

Gusto — Get 3 months free of the leading payroll, benefits, and HR provider for modern small businesses!

  continue reading

688 episodes

Artwork
iconPartager
 
Manage episode 458196954 series 1324446
Contenu fourni par Nick Loper and Nick Loper of Side Hustle Nation | YAP Media. Tout le contenu du podcast, y compris les épisodes, les graphiques et les descriptions de podcast, est téléchargé et fourni directement par Nick Loper and Nick Loper of Side Hustle Nation | YAP Media ou son partenaire de plateforme de podcast. Si vous pensez que quelqu'un utilise votre œuvre protégée sans votre autorisation, vous pouvez suivre le processus décrit ici https://fr.player.fm/legal.

I want to introduce a concept I call The Side Hustle Snowball.

If you’ve heard about Dave Ramsey’s “Debt Snowball” framework, this may sound familiar.

Here’s how The Side Hustle Snowball works:

You itemize out your expenses and then aim to come up with side hustle income to cover them, starting with the smallest and working your way up.

Once you reach the bottom of your list, you don’t need your job anymore!

The reason I like this framework is setting out to replace your income with a side business can be a daunting task. The Snowball approach breaks it down into mini-victories and lets you celebrate your progress along the way.

And just like a real snowball, it picks up steam, size, and momentum as it gets rolling.

Let’s look at some real-life examples of how you can make extra money. What follows are some of my actual monthly expenses*, and how we mentally zero them out with job-free income.

Full Show Notes: The Side Hustle Snowball: How to “Erase” Your Expenses with Extra Income Streams

New to the Show? Get your personalized money-making playlist here!

Sponsors:

Airbnb — Discover how much your home could be worth and find a professional co-host today!

Indeed — Start hiring NOW with a $75 sponsored job credit to upgrade your job post!

Mint Mobile — Cut your wireless bill to $15 a month!

Gusto — Get 3 months free of the leading payroll, benefits, and HR provider for modern small businesses!

  continue reading

688 episodes

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