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Afford Anything | Make Smart Money Choices

PSA Thursday - Here's a simple framework for deciding how to earn extra income

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 20 August 2020

⏱️ 14 minutes

🧾️ Download transcript

Summary

Millions of people are in financial limbo now that the $600 supplemental federal unemployment benefit has expired. The new $300 supplemental benefit is slooowly getting approved by FEMA, state-by-state, through an excruciatingly snail-like process, and you might not have time to wait. This episode will help you take action. We cover how to think about the ways in which you can earn extra income and decide which path is best for you. For more information, check out our guide at https://affordanything.com/extraincome Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Welcome to PSA Thursday, an occasional weekly-ish bonus segment of the

0:05.1

Affordable Care Podcast in which we talk about how to manage money, work, and life

0:09.4

in the midst of a pandemic. If you are a new listener to the Affordable Care Podcast

0:14.4

and you're not familiar with PSA Thursday, here's what you need to know.

0:17.3

Number one, these are stripped down bare-bones episodes. There's no production

0:21.5

value, no intro music, no outro music. We intentionally keep it ad-free and each

0:26.1

one of these episodes not only tends to be shorter than our normal shows, but

0:30.6

also focuses on one specific topic. So in the past, for example, previous PSA

0:36.5

Thursday episodes have talked about the CARES Act and the way that it impacts

0:40.3

student loans. How should you rethink your student loan repayment strategy in the

0:44.4

context of the CARES Act, which passed at the start of the pandemic? That was one

0:48.2

of our episodes. We did another episode on how to stay safe as the nation reopens

0:52.7

when you're going out and about, when you're using public restrooms, when you're

0:56.7

going back to the gym for the first time in months. How do you keep yourself safe?

1:00.1

We did an episode about that. We did an episode about the PPP benefits, the Paycheck Protection

1:06.4

Program, and offered additional alternatives for entrepreneurs who are looking for an infusion

1:13.0

of money so that they can keep their small business going. So all of that is covered in

1:17.4

previous PSA Thursday episodes. You can find all of it at affordanything.com slash PSA Thursday.

1:23.3

Today, we are going to talk about a framework for earning extra income. This issue, the need

1:30.0

to make extra income, is particularly timely right now because the $600 enhanced unemployment

1:38.0

benefit has ended. So for those of you who are collecting unemployment or if you have friends,

1:42.5

family, neighbors who are collecting unemployment, then as you know, from March through late July,

...

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