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Side Hustle School

BONUS: How to Manage Multiple Sources of Income

Side Hustle School

Chris Guillebeau

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

4.73.3K Ratings

🗓️ 17 March 2021

⏱️ 7 minutes

🧾️ Download transcript

Summary

Having more than one source of income is good—but it can also be confusing when it comes to tracking and tax reporting. This short bonus episode is brought to you by Quickbooks. 


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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Show notes: SideHustleSchool.com

Twitter: @chrisguillebeau

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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


If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼 


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

This episode is brought to you by Slack. With Slack, you can bring all your people and

0:05.9

tools together in one place. It's your digital HQ where you can increase productivity,

0:11.1

enable flexibility and automate workflows. Plus, Slack is full of game-changing features

0:16.7

like huddles for quick check-ins or Slack Connect, which helps you connect with partners

0:20.9

inside and outside of your company. Slack, where the future works. Get started at

0:26.9

Slack.com slash DHQ.

0:34.9

Hey, what's up? Welcome to the second of three bonus episodes. We're doing this month.

0:38.8

I'm excited about this one. We often look at how to create multiple sources of income.

0:44.3

But we almost never look at this question of how do you keep up with them? How do you

0:48.4

track or keep up with money coming in from different places? Different sources, different

0:53.1

income streams. I should say first that keeping up with these multiple sources of income,

0:57.9

it's kind of like paying taxes when you're well off. Or if your business takes off in a

1:02.1

way, it's a good problem to have. It's a good problem to have. You'd rather have this

1:06.7

problem than the opposite one of having no sources of income to track or no taxes to

1:12.1

pay. But still, once you reach the point of having more money coming in or having it

1:16.7

coming in from different sources, you do need to actually do something about it. For

1:20.9

me, I've got to say I have always found it supremely motivating, sometimes even irrationally

1:26.2

motivating to get paid in different ways. It's a big part of the motivation behind why

1:31.4

I'm making this show and why I'm putting forward this message every day about creating

1:35.5

a new source of income to have more freedom and security. But when I said irrationally

1:39.5

motivating, I was thinking back a number of years ago, gosh, this probably goes back

1:43.8

almost a decade. I was working on two projects. I was building out a course, a pretty detailed

...

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