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Side Hustle School

#1456 - Q&A: Should I use side hustle income for a retirement fund?

Side Hustle School

Chris Guillebeau

Entrepreneurship,, Side Hustle, Careers, Entrepreneurship, Business, Small Business

4.73.3K Ratings

🗓️ 26 December 2020

⏱️ 5 minutes

🧾️ Download transcript

Summary

Today’s listener is wondering about using side hustle income specifically for her retirement fund. Is there anything specific that might be good to know?


Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.

 

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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.


Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

Read A Year of Mental Health: yearofmentalhealth.com


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Transcript

Click on a timestamp to play from that location

0:00.0

Have you ever been caught out by payments you've forgotten about?

0:03.2

Join over 2.5 million customers who are already using the Lloyd's Bank Upcoming Payments tool on our app.

0:09.8

It gives you early sight of regular payments that are due to leave your account in the next 31 days

0:15.8

to avoid any surprises.

0:17.8

It's just one of our many useful tools that can help you stay on top of your money.

0:22.4

To find out more, go to Lloyd'sbank.com forward slash cost of living.

0:27.0

Lloyd's Bank by your side.

0:35.0

As we begin today's episode, I'd like to wish you a happy Boxing Day.

0:39.0

Boxing Day, what is that?

0:40.5

If you're American like me or perhaps from any other country that doesn't celebrate Boxing Day,

0:45.0

well this is a day in which you are entitled to punch any member of your family

0:48.5

who has frustrated you this holiday season.

0:50.5

You can do that without any consequences because it is this special day Boxing Day.

0:54.5

Alternatively, it's also known as a traditional day off for servants

0:58.5

and the day in which they received a Christmas Box from the master.

1:01.5

The servants would also go home on Boxing Day to give Christmas boxes to their families.

1:05.5

Fun facts there.

1:07.0

Here we are towards the end of the year.

1:08.5

A lot of people are looking at their finances and doing some cleaning up.

1:12.0

You might want to make some charitable donations.

1:14.0

You might need to rebalance your 401k or any other investments

1:18.0

and you might think about a contribution toward your retirement fund.

...

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