01.12.23 Freelancing & Side Gigs / Predatory Loan Warning

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 12 January 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Freelancing and side gigs are becoming the norm for many Americans between jobs or looking to make more money. Get Clark’s tips on how to find legit jobs and set up your side business. Later, how would you like a bank loan at 200%? Predatory lending is happening on a national scale, hurting lots of people - and it’s legal. Clark explains how this came about and what you should know to avoid this trap. Freelancing & Side Gigs: Segment 1 Ask Clark: Segment 2 Predatory Loan Warning: Segment 3 Ask Clark: Segment 4 Mentioned on the show: IRS says it will delay requirement to report $600 in gig work on taxes There are more than 70 million freelancers in the U.S.—here’s how they can raise their rates LA Times - If you’re looking for a side hustle, avoid these job sites January is often a big month for layoffs. Here's what to do in a worst case scenario As tech layoffs surge, nonprofits are calling SideHusl - Find the Best Money Making Option for You T-Mobile Introduces New SIM Protection Feature How To Freeze Your Credit With Experian, Equifax and TransUnion Credit Karma Review: Free Credit Score and More at Your Fingertips How To Prevent, Report and Repair Identity Theft How 4 small Utah banks have taken their 'predatory lending' national. It's all thanks to state law, critics say The Cheapest Places To Buy Contact Lenses SIPC - Securities Investor Protection Corporation Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Slack.
0:03.5	With Slack, you can bring all your people and tools together in one place.
0:07.6	It's your digital HQ where you can increase productivity,
0:11.0	enable flexibility and automate workflows.
0:13.8	Plus, Slack is full of game-changing features like huddles for quick check-ins
0:18.4	or Slack Connect, which helps you connect with partners inside and outside of your company.
0:23.4	Slack, where the future works.
0:26.0	Get started at slack.com slash DHQ.
0:34.0	I'm so glad to welcome you here to the Clark Howard Show
0:38.0	our emissions to serve you and empower you to make better financial decisions in your life.
0:44.0	Today, freelancing and side gigs are becoming the norm for so many of us as Americans
0:52.0	who are adding it onto the work we already do or it's like a kind of like a halfway house
0:59.0	from the job we had to the job we're going to get.
1:03.0	So I want to tell you, you got to be careful because a lot of the things being posted
1:08.0	as gig work or scams.
1:10.0	You got to make sure that whatever you're doing is a side business is straight out legit.
1:15.0	And later, I want to ask you, if you need to borrow some money,
1:19.0	what if I said I got a deal for you?
1:22.0	I'm going to lend you money at 200%.
1:25.0	Would you be all over that?
1:28.0	There are banks now with a straight face thinking they're doing you a favor
1:33.0	by lending you money at 200% no lie.
	...

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