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BiggerPockets Money Podcast

263: Becoming Debt-Free and Generating $320,000/Year from Simple Side Hustles w/Jannese Torres-Rodriguez

BiggerPockets Money Podcast

BiggerPockets

Education, Investing, Business

4.5 • 3K Ratings

🗓️ 3 January 2022

⏱️ 78 minutes

🧾️ Download transcript

Summary

Most people assume wealth is built from a singular source, but the most successful people have multiple streams of income. 2020 was the year of the side hustle. People started to find ways to monetize their hobbies, create services, and capitalize on their talents. While some people are just now catching on, today’s guest, Jannese Torres-Rodriguez, was ahead of the curve. It all began with a food blog she started for fun that has turned into passive income for her $320,000 salary composed solely from her various “side hustles”.    Before the start of her money journey, Jannese was on the traditional path to what most would consider the ideal type of success. She not only graduated from college but got her master's in pharmaceuticals and landed a job that led to her dream, a six-figure salary. Despite this, she was still unhappy and soon realized she was unaligned with the power of money. Over time, she made several lifestyle changes and started learning about financial independence. Using what she learned, Jannese finished paying off her $57,000 student loans and became debt-free in February of 2020.   After 5+ years of accruing income from her food blog, Jannese discovered she could make her side hustles a full-time business and finally be fulfilled by the work she was doing. She began a podcast about financial independence that aims to help people of color learn more about financial freedom. She also does virtual workshops, digital courses, and brand partnerships as well as several other services that contribute to her salary. Jannese is a perfect example that you don’t have to give up what you love to make money, you just have to capitalize on it.  In This Episode We Cover How to find financial independence, even if you’re in a lot of debt  How to minimize excessive spending while still enjoying your money  Becoming a full-time entrepreneur and managing the struggles of being self-employed  Outsourcing work and its importance especially when you’re stretched thin  Dealing with Imposter Syndrome and overcoming shyness   The value of diversifying your income and why it’s becoming more popular   Finding your niche target market, even if you don’t think you have one  And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Bigger Pog and Money podcast show number 263 where we interviewed Janice Torres

0:05.6

Rodriguez from the Yo Kiero De Niro podcast and talk about side hustle.

0:10.4

Around that time I was making around $75,000, $80,000, which was really good.

0:15.1

Considering the fact I was so young, had not a ton of experience in the industry, but

0:20.6

it was just like, I felt like the more I pursued the money, the more I realized that that's

0:26.2

not actually what I was pursuing.

0:28.7

Oh, that's good.

0:30.7

I wanted a lot more freedom and I didn't understand how I could use the money that I was

0:34.3

making to actually gain that freedom until I learned about financial independence.

0:39.3

Hello, hello, hello, my name is Mindy Jensen and from time to time Scott's schedule is

0:43.0

just 2G impact record with me rather than miss a week.

0:46.4

I am bringing in some friends to help me out.

0:48.6

Today's guest host is Doug Cunnington from the Mile High 5 podcast, which you co-host with

0:53.1

my husband.

0:54.1

Doug, thanks for stepping in today to fill Scott's shoe.

0:57.3

Thanks for having me.

0:58.3

I'm so excited to get into the episode today and talk to Janice.

1:02.3

Doug and I are here to make financial independence less scary, less just for somebody else.

1:07.9

To introduce you to every money story, because we truly believe financial freedom is attainable

1:12.2

for everyone, no matter when or where you're starting.

1:14.8

Whether you want to retire early and travel the world, go on to make big time investments

1:19.1

and assets like real estate or start your own business, we'll help you reach your financial

...

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