Oct 9, 2017
#98: How much money should you invest in a side hustle or side business?
How do you know if your side hustle idea is viable?
What if you want to start 5 or 6 side businesses?
Should you lump these together under a common business umbrella? Or should you separate them out?
These are the questions about side hustles -- asked by listeners Adalia and Brionna -- that I answer in today's episode.
My friend Joe Saul-Sehy from the Stacking Benjamins podcast joins me to chime in with his views on building side businesses, as well.
Joe and I also answer two non-side-business-related questions, as well.
Skye asks: -- You talk about saving 50 percent of your income. What exactly does this mean?
Steph asks: -- I have $10,000 in credit card debt and $48,000 in student loans at a 5 percent interest rate. I have a $1,000 emergency fund and $32,000 in retirement funds. My dad is willing to give me money to repay my student loans; should I accept this? And if so, should I put this money towards student loans or retirement?
We tackle these questions on today's episode.
Enjoy!
Links and more resources can be found in the show notes at http://podcast.affordanything.com/episode98