I want to walk through some real-life examples of how you can start erasing expenses.

First, to allow yourself to celebrate those mini wins along the way.

Like, instead of, well, shoot, I only made 50 bucks this month.

It can be reframed as awesome.

I made my car insurance free this month.

How this works is listing out your monthly expenses from smallest to largest. For example,

you might have things like Netflix or your cell phone bill toward the top of the list, and you

might have things like your rent, your mortgage down at the bottom. Welcome to the real estate and financial independence podcast.

I'm your host Chad Carson.

You can also call me coach, and this is a show all about helping you get out of the financial grind so you can do more of what matters.

Whether your first time listener or a longtime listener is always an honor to have you

back for another episode. The title of today's episode is the side hustle snowball, how to erase

your personal expenses with additional income streams. So I want to take a step back from my normal

topic on the show. You know I talk about real estate investing. You know I talk about financial

independence. And real estate is very important topic to me because a lot of the income streams

and the wealth that I've built has come from real estate. But if you think about real estate

more broadly is really just a way to generate income for the rest of your life. And the

equation we're trying to solve here is that you have a certain amount of personal expenses that you want to cover. And normally you have to go work a day job to pay for those personal expenses. Whether you want to be at that job or not, whether you want to do it exactly the way you're having to do it at your job or not, you go there because you have to pay for your expenses. So we're trying to interrupt that equation. Say say if we can produce a certain amount of income over here from another source, in this case, real estate investing, then we could cover those personal expenses. And then we free up the ultimate resource of our life, our time. That's why I always say do what matters is because do what matters is a value question is how am I going to allocate my time

and my life, which is really what it's all about. So by taking a step back, though, I want to broaden

this conversation beyond just real estate investing. Real estate has a lot of pluses. You know I love

it, but also has some challenges. And one of the challenges that real estate investing has is that it

takes a lot of money up front. Sometimes you can be as

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