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The Ramsey Show Highlights

When Should I Go Full-Time With My Side Hustle?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 14 October 2022

⏱️ 8 minutes

🧾️ Download transcript

Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel, & Kristina Ellis. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the Ramsey Call of the Day, part of the Ramsey Network.

0:10.8

Joining me today is Ramsey personality, Ken Coleman.

0:15.6

All right, Brock's with us.

0:17.3

Speaking of Minneapolis, Brock, do you have your tickets yet?

0:20.5

I actually do. I'll be there.

0:22.0

Awesome. Very nice. Awesome. You know anybody needs to come? Well, probably almost everyone in

0:27.7

Minneapolis, to be honest with you. But for sure, for sure, there's four of us coming.

0:32.2

Okay. Hey, for sure, I'm going to give you two more tickets to give to some of your friends.

0:35.3

That's fun. I will definitely

0:38.0

take those. I got some people in mind. Okay. When we get done, I'll put you on hold Austin and

0:41.6

give them to you. How can we help? Well, I need some advice here. Basically, the last four years,

0:47.2

I've been working at an electronic repair shop. And it's been great, but I have determined it's my time to leave. And now I'm at kind of a weird crossroads.

0:56.2

So it's either in the last four years, I found a side hustle that I've been extremely blessed

1:01.8

at and doing.

1:03.3

And essentially for the part-time work, it's been equivalent to my current salary per year.

1:10.0

Or it's either I continue doing my side hustle and make it

1:13.9

into a full-on business, or maybe just because I do have a background in some sort of IT

1:19.5

working at this electronic repair shop, would it be better to go more corporate-style IT by going

1:25.7

through like the proper certifications, get a corporate 40-hour

1:29.2

week job. So I'm essentially trying to ask, when did you determine that it was a good fit

1:35.3

to try to be an entrepreneur and to potentially make more than what a corporate safe job would be?

1:43.8

Well, I want Dave to answer that from his standpoint, but real quick, you know, Jim Collins, who wrote the book

...

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