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Money Rehab with Nicole Lapin

“I’ve Never Invested Before and All My Money Is in a Savings Account. Help!”

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.61.7K Ratings

🗓️ 13 June 2024

⏱️ 33 minutes

🧾️ Download transcript

Summary

If your money is just sitting around in a savings account, chances are it could be working harder for you somewhere else. This is the exact situation facing the Money Rehabber Nicole talks to today. When they go a level deeper, Nicole discovers how anxiety around investing is also at play. If you’re feeling skittish around investing or just feel like your money could be doing more, this is for you!   $ Take control of your finances by using a Chime checking account with features like no maintenance fees, fee-free overdraft up to $200, or getting paid up to two days early with direct deposit. Visit: http://chime.com/MNN  $ Looking for the perfect holiday gift for your coworkers, friends, and everyone in between? Choose Nicole’s favorite wine, Justin. Get 20 percent off your order for a limited time with the code “MONEY20” at http://justinwine.com/  $ Ready to find a financial advisor that’s right for your financial goals? Get matched with a trusted, vetted financial advisor at: http://moneypickle.com/MNN  All investment strategies involve risk of loss. The information shared in this podcast is for informational and entertainment purposes only. Listeners should do their own research and consult a financial advisor before making any investment decisions. See terms for additional details: https://moneynewsnetwork.com/terms/

Transcript

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0:00.0

When I'm not hosting this podcast, I am writing books, but it is really hard for me to write when I'm at home,

0:05.3

so I like to find remote cabins in the middle of nowhere to just hang out and write.

0:10.0

But I hate the idea of my house just sitting empty doing nothing but collecting dust and definitely not collecting checks.

0:16.6

And that's why I'm an Airbnb host. It's one of my all-time favorite side hustles.

0:21.0

Other popular side hustles are awesome too, don't get me wrong, but they often involve big startup costs. By hosting your space, you're monetizing what you already have access to. It doesn't get easier than that. And if you're new to the side hustle game and you're anxious about getting started,

0:34.3

don't worry because you're not in this alone. Airbnb makes it super easy to host. I mean if I could do it, you could do it.

0:40.6

And your home might be worth a lot more than you think. Find out how much at

0:43.7

Airbnb.com. Host. Money rehabbers, you have money hidden in your house. Yeah, just hiding there in

0:50.1

plain sight. Okay, so I don't mean you have gold bars hidden somewhere in walls

0:54.2

treasure map style but you do have a money-making opportunity that you're just

0:58.3

leaving on the table if you're not hosting on Airbnb. It's one of my all-time

1:02.2

favorite side hustles.

1:03.2

By hosting your space, you are monetizing what you already own.

1:06.4

It doesn't get easier than that.

1:08.0

For me, hosting on Airbnb has always been a no-brainer.

1:10.8

When I first signed up, I remember thinking to myself,

1:13.0

self, you pay a lot of money for your house. It is time that house return the

1:16.9

favor. And to get real with you for a sec, I felt so much guilt

1:20.1

before treating myself on vacation because traveling can be so expensive but since

1:24.2

hosting on Airbnb I feel zero stress for treating myself to a much needed vacation

1:29.5

because having Airbnb guests stay at my house when I'm traveling helps offset the cost of my

1:34.8

travel. So it's such a win-win. I mean if I could do it you could do it and your

...

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