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Editor’s Observe: This episode initially aired on Jan. 19, 2023. It might comprise some particulars which might be old-fashioned.
Aspect hustles are more and more part of life, even for those who’re simply making an attempt to outlive.
In 2023, 45% of Individuals stated they’d a facet hustle, with a mean month-to-month revenue of $483. Whereas which may not appear to be a lot, it’s doable to make use of your facet hustle as the premise for constructing monetary freedom.
On this podcast, we’re going to satisfy somebody who did simply that.
As standard, host Stacy Johnson is joined by monetary journalist Miranda Marquit. Listening in and generally contributing is producer Aaron Freeman.
At this time’s visitor is Tom Brickman, aka The Frugal Homosexual. He offered lipstick, bras and different stuff on eBay, used the cash to purchase rental properties, and retired from his conventional job at age 39. He’s going to inform us how he did it — and the way you need to use a facet hustle to spice up your personal future monetary prospects.
Keep in mind, despite the fact that we generally speak about cash and particular investments on this present, don’t take them as suggestions. Earlier than investing in something or making some other cash strikes, do your personal analysis and make your personal selections.
You’ll be able to watch this episode beneath, or for those who’d favor to hear, you are able to do that with the participant on the prime of this text or obtain the episode wherever you get your podcasts:
Don’t overlook to take a look at our podcast web page for extra episodes designed that can assist you take advantage of your cash and our YouTube web page for extra movies.
Additionally, don’t overlook to take a look at our podcast sponsor, Tellus for the chance to super-charge your financial savings with an account backed by actual property. Use the code MONEYTALK and get a particular rate of interest for seven days with a $125 minimal deposit.
Aspect hustles may also help you attain your targets
Whether or not you hope to pay down debt or amass sufficient to achieve monetary independence, a facet hustle is usually a good method to earn more cash over time.
Tom talks about how he began his facet hustle by promoting lipsticks, purses and bras on eBay. Hearken to the episode to learn the way he used the income from his facet hustle to purchase his first rental property and use actual property to pursue monetary independence.
Within the meantime, listed here are some Cash Talks Information articles that provide perception into facet hustles:
Cash suggestions that may provide help to attain your targets
Whereas a facet hustle is usually a good method to increase your revenue and work towards monetary freedom, you don’t have to make use of a facet hustle. There are many different methods to be sensible along with your cash and develop your wealth.
Try these further assets that may provide help to discover different methods to make more cash, save more cash and retire wealthy.
Meet this week’s visitor, Tom Brickman
Tom Brickman, also referred to as The Frugal Homosexual, is a 40-year-old married canine dad from Dallas. He just lately retired from 9-to-5 work to deal with actual property full-time and run TheFrugalGay.com. Tom supplies one-on-one teaching and covers monetary literacy and actual property for constructing wealth.
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In regards to the hosts
Stacy Johnson based Cash Talks Information in 1991. He’s a CPA, and he has additionally earned licenses in shares, commodities, choices principal, mutual funds, life insurance coverage, securities supervisor and actual property.
Miranda Marquit, MBA, is a monetary professional, author and speaker. She’s been protecting private finance and investing subjects for nearly 20 years. When not writing and podcasting, she enjoys journey, studying and the outside.