E98- Power of the Side Hustle

Connect with Our Guest

Subscribe to Chain of Wealth

Join 40,515 Monthly Listeners

Subscribe to Chain of Wealth

Join 40,515 Monthly Listeners

Pro Tip: Timestamps below are clickable. Click on the time below in the brackets and the audio will start playing at that part of the show.

[3:10] Importance of Multiple Income Streams
Most millionaires have a ton of income streams (average millionaire has 7 income streams)
It’s not actually the high paying jobs are not the people that are millionaires
Upkeep become much less once you have setup a side hustle
The 5pm to 9pm (12am) is really how you get ahead

[4:53] Start one hustle at a time
Set stuff up slowly, it’s critical to start off slowly and build it up.
Same concept of starting a diet- the one that works is the one you stick to.
Pick one income streams and then start building up others
FOCUS- follow one course until success

[6:48] Build your emergency fund or vacation fund
You’re not eating into your normal income or savings
You need to have emergency money
Always be able to pay your deductible
Dave Ramsey problem recommends about 6 months of living expenses saved up
An extra income stream can help you so much

[9:34] Do something you’re passionate about so it’s fun
Find stuff you enjoy that way you don’t see it as work
Katie’s friend made jewelry and sold it, she found it relaxing and it made money

[11:7] Different ideas for side hustles
Drive for Uber of Lyft
Airbnb is great and can make you a ton of money
Being a server
There are grocery shopping side hustles
Call and remind people to take their meds
New app called Bird- become a charger

Enjoying Our Podcast?

We have over 150 episodes to listen to! Join over 2,167 daily listeners that pursue financial freedom.

By entering your email, you agree to our Terms of Service and Privacy Policy.

Other Podcasts

E159 – Sources of Income

For most of us, salary is the main income source. The truth is, everyone starts this way and typically the salary we get each month would only go to our bills. Come and join us talk about different sources of income and how we tend to spend them.

Welcome!

Listen »

E123 – Making Money Online

Making money online is not really hard to do. Anyone can do it and it doesn’t require a complicated system to start earning that money.
There’s a ton of ways to do it using the world wide web and get income.

Listen »

E117 – #MyJunk

How do you come up with goals that you want to set? Take what you want to achieve and work backwards from there. Sometimes things don’t always go like you planned it. It is important that you celebrate your mini milestones so you don’t lose motivation.

Listen »

E78 – Nathan from FreeeUp

FreeeUp is a gem for all new freelance writers and people in need of a writer.

Founded by Nathan Hirsch and Connor Gillivan have an awesome story that starts when they met in college.

They started selling online old college textbooks to pay the bills.

Flash forward, they grew it steadily into a $25M business and hired a ton of outsourced folks along the way. They learned a ton and taught themselves how to spend wisely, invest in the business, and invest in human capital which they later began another business, FreeeUp!

Welcome!

Listen »
About the Podcast
Chain of Wealth

Chain of Wealth

The Chain of Wealth podcast is a biweekly podcast boasting over 500,000 downloads. We interview inspirational guests about money topics. You can learn more about us here.

Share On
Share on facebook
Share on twitter
Share on linkedin

Leave a Reply

Your email address will not be published. Required fields are marked *