Rich Girl Roundup: How to Calculate Side Hustle Startup Costs

The Money with Katie Show

Money with Katie

Investing, How To, Self-improvement, Business, Education

4.8 • 1.3K Ratings

🗓️ 25 September 2023

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rich Girl Meredith asks, "I’m interested in taking the plunge and starting a side hustle, but it seems like there are so many upfront costs. How much is reasonable to spend before I even know if I’ll make any money?" Katie and Henah consider the most important costs to invest in first, what can wait, and how to take a calculated bet on yourself. Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week. Join the waitlist for a discount on the 2024 Wealth Planner: https://www.morningbrew.com/money-with-katie/subscribe/mwk-wealth-planner-2024 Reminder: While we love diving into investing- and tax law-related data, we are not financial professionals. We have no formal financial education. We are not financial advisors, portfolio managers, or accountants. This is not financial advice, investing advice, or tax advice. The information on this podcast is for informational and recreational purposes only. Investment products discussed (ETFs, index funds, etc.) are for illustrative purposes only. It is not a recommendation to buy, sell, or otherwise transact in any of the products mentioned. Do your own due diligence. Past performance does not guarantee future returns. Money with Katie, LLC. — Read Money with Katie: https://moneywithkatie.com/ Follow Money with Katie! Instagram - https://www.instagram.com/moneywithkatie Twitter - https://twitter.com/moneywithkatie TikTok - https://www.tiktok.com/@moneywithkatie Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Rich Girl Roundup!
0:06.0	To do the work, I really don't need it access to like Google Docs.
0:10.0	Do the work.
0:11.0	Oh, do the work.
0:12.0	She's doing the work.
0:14.0	Come on.
0:15.0	Do that work.
0:20.0	Welcome back, Rich Girls and Boys, to the Rich Girl Roundup weekly discussion of the Money with Katie Show.
0:25.0	As always, I'm your host, Katie Gatti Tossan, and every Monday morning, Hannah and I dig into an interesting money discussion.
0:33.0	So, before we do that, here is a quick message from the sponsors of this segment.
0:43.0	Alright, before we get into today's conversation, this week's upcoming main episode is about the surprising case for taking a mini sabbatical.
0:54.0	And all of the potential career in life benefits of taking a step back, enjoying some intentional time away from work,
1:02.0	and how it actually might be more in reach than you even realize.
1:06.0	Hannah, what do you think?
1:08.0	sabbatical, yay or nay?
1:09.0	I think everybody would know I'm a yay.
1:11.0	This is a trick question, because you work with me!
1:14.0	The trick question is I will never get one, because Katie and I can't turn our brains off.
1:19.0	However, I was thinking, when you do the intro every time, and you say, and every Monday morning, Hannah and I are going to unpack whatever.
1:25.0	So we sent this out in the newsletter last week, and someone just responded back, who is Hannah?
1:31.0	And I was like, great question.
1:34.0	So, hello, I am Hannah.
	...

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