4.7 • 1.6K Ratings
🗓️ 10 September 2020
⏱️ 57 minutes
🧾️ Download transcript
We all live by a set of unwritten "money rules."
These guide the decisions we make on how we spend, save, earn, and invest.
But are your rules really serving you?
In this episode, we’re looking at 10 "unconventional" money rules. These are suggestions that hopefully spark some introspection and conversation.
Because the "conventional" wisdom clearly isn't working for a whole lot of people!
To help me talk through these is Rich Jones. He’s the host of the award-winning Paychecks and Balances podcast, which is all about helping you navigate your finances and career.
Rich is a frequent speaker at both podcasting and personal finance events. More impressively, he’s done it all on the side from his day job.
Tune in to hear why:
All that, and more "unconventional" financial wisdom coming at you!
Full Show Notes: 10 Unconventional Money Rules
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0:00.0 | What's up? Nick Loper here. Welcome to the Science Hustle Show because nobody cares more about |
0:06.9 | your financial future than you do. Today I'm joined by Rich Jones. He's the host of the award winning Paychecks and Balances podcast |
0:16.9 | helping you navigate your finances and career. Check it out at paychecks and balances. |
0:21.8 | com. Rich, welcome to the show. Thanks for having me, excited for this conversation today. |
0:27.0 | You bet a little bit of a different format today. So Rich is a frequent speaker at both podcasting and personal finance events and perhaps more |
0:36.1 | impressively he's done it all on the side he's a true side hustler today we've got |
0:40.4 | ten unconventional money rolls and these are unconventional in my mind. |
0:45.0 | I don't know if for you as the listener how unconventional they'll be, but we're going to run through |
0:48.8 | those, have some back and forth, have some fun along the way, and I'll stick around to hear our take on all of these different money rules that you may or may not be planned by in your own life. |
1:00.0 | So number one that we have, I'm going to come right out of the gate with this one that you might find surprising and that is sometimes your job is your best side hustle and what I mean by that is if you are a highly paid worker, if you have the ability to |
1:17.4 | pick up extra shifts, if that is kind of the nature of the game for you, you're earning maybe hundreds of dollars an hour at your day job |
1:26.7 | it might make sense to just bill more hours at that day job rather than trying to start something completely from scratch on the side. |
1:36.1 | What's your take? |
1:37.1 | I love that and this may be controversial in some ways and counterintuitive for this show but I generally believe that |
1:44.5 | everybody doesn't need to be an entrepreneur. There are a lot of people who are |
1:50.0 | really enjoying their careers and I know there's a lot of |
1:54.2 | entrepreneur shaming that happens out there people calling it the rat race but I know a lot of |
1:59.4 | people and I'm experiencing this myself where I like what I'm doing by day. I'm well compensated for what I do by day and that day job is funding my side hustle and it ultimately works out that I can continue to do this job |
2:16.0 | because it's something that I enjoy and I know that if I perform at a higher level I |
2:20.0 | can earn more through bonuses and salary increases, while also knowing that I've got this |
2:25.8 | side business that I ultimately want to make a full-time thing, but the day job is the source of |
2:30.4 | income for that, or the investing income for the business is what I'll say. |
... |
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