1550: Is Side Hustling to Make More Money Really a Good Idea by Madison Block with Women Who Money

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 7 June 2021

⏱️ 11 minutes

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Summary

Madison Block of Women Who Money discusses whether or not it's a good idea to have a side hustle. Episode 1550: Is Side Hustling to Make More Money Really a Good Idea by Madison Block with Women Who Money The co-founders of Women Who Money are Amy Blacklock from Life Zemplified and Vicki Cook, from Make Smarter Decisions. Vicki and Amy connected initially online and eventually met in person at a financial conference in the fall of 2017. They’ve both reached financial independence and left full-time work to devote more time to family, pursue passion projects, and embrace fun and challenging opportunities. They enjoy collaborating on original content and sharing great articles written by and for women. The original post is located here: https://womenwhomoney.com/side-hustle-to-make-money/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily Episode 1550, is side hustling to make more money really a good idea
0:06.8	by Madison Block with WomenWhoMoney.com. And I'm your host and personal finance enthusiast,
0:12.9	Diana Mariam. This is a show where I read to you from some of the best personal finance blogs
0:17.9	on the planet, sometimes a little too enthusiastically. But I can't help it. Money is an incredible
0:23.6	resource that we can use to craft the life of our dreams. So thanks for joining me today and
0:29.1	every day. And before we get to it, have you subscribed to our other podcasts? We cover personal
0:34.9	development and minimalism, health, relationships, entrepreneurship, and life advice on the other shows.
0:41.1	Just search for Optimal Living Daily wherever you get your podcast to find them. But for now,
0:46.3	let's get right to today's post as we optimize your life.
0:53.9	Is side hustling to make more money really a good idea?
0:57.3	By Madison Block with WomenWhoMoney.com. Whether you want to stop living paycheck to
1:03.2	paycheck, stash more money in your emergency fund, or boost your retirement savings,
1:07.9	earning extra income is top of mind. You know it will require trading time for money,
1:14.0	and you wonder if it's worth it. Everyone seems to have some kind of side hustle,
1:18.7	but you're still not sure if it's right for you and questions are swirling in your head.
1:23.2	What side gig would be best to pursue? Would contract work or getting a part-time job make more
1:28.8	sense? And what about side hustles and taxes while the extra money you earn just go to Uncle Sam?
1:34.9	Let's take a look at side hustles. Who has them, why they're so popular, and any tax implications
1:40.0	they may have? Then you can better decide if it's a good idea for you to take on a side gig to make
1:44.9	more money. What is a side hustle? A side hustle is any work you do to generate extra income
1:52.3	beyond what you earn at your full-time job. Examples of everyday side hustles include driving
1:57.4	for Uber or Lyft, making and selling jewelry online, babysitting, and freelancing.
	...

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