How to Launch a Profitable Side Hustle

Want to make extra money to help you pay down debt or explore a new career? Chris Guillbeau shares how to launch a profitable side hustle in 27 days!

Want to Launch a Side Hustle?

One of the biggest hurdles I see and hear from couples in the community about why they're not able to pay down their debt, save or invest more is that they don't really have a lot of buffer in their budget. They just don't have that extra cash to put towards their goals.

Typically, when you look at the numbers, there are a few ways that you can optimize your budget and cut down on some expenses, maybe negotiate some better deals on some bills. Sometimes, though, it isn't just a spending issue. It's an income issue.

After your worked a full-time job, Most people I know aren't necessarily looking to take on a second one and being tied down to another fixed schedule for so-so pay.

Is there a way for you to earn more, maybe on the side, that caps into one of your talents and can you use that income to either grow your emergency fund, knock out some of, knock out some or all of your debt, and explore a new career?

If you've been online for any amount of time, you've probably heard the idea of starting a side hustle. But I'm not talking about what you see typically in social media where people are practically bragging about how many hours they are putting in.

If that works for them. Great.

Today I'm going to be talking about starting a side hustle that is sustainable. That means that you're not focused just on the hours you're putting in, but you're thoughtfully planning out the process so that you're making an impact, building some income, and still have a life.

Which is why I'm so happy to pull from the archive in interview I had with Chris Guillebeau.

He's a serial entrepreneur, host of the Side Hustle School Podcast, and author of several books.

In this episode, we get into how you can figure out what a good side hustle would be for you. The process of starting one and launching in about a month. And how has sustainable side hustle? Can also help you build your legacy. Are you ready let's get started

In this episode we get into:

• why a side hustle can be a wonderful option
• how you can start one in less than a month
• why and how a sustainable side hustle can also build your legacy

Hope you enjoy!

Resources to Launch a Profitable Side Hustle

If you’re looking to start or build a side hustle, here are some resources to check out:

• Best Budget and Money Apps: Personal Capital, Tiller, Mint
• Jumpstart Your Marriage and Your Money
• 5 Days to $5K 
• Being Productive as a Work from Home Parent
• Developing a Money Making Hobby
• Launching a Business as a Creative Entrepreneur
• Starting and Building a Side Hustle with Fiverr

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We've been members for years and love their service and competitive rates on checking and savings accounts!

Rollover Your 401(k) Easily with Capitalize

We’re grateful for wonderful partners like Capitalize. Not only do they support the podcast, but they help make managing your money so much easier. 

Did you know that it’s estimated that there are currently over 24 million “forgotten” 401(k) accounts? In fact, the average American changes jobs every 4 years. 

And because of the Great Resignation, you or someone you know might be changing jobs even more 

It’s an extreme case of out of sight and out of mind. Is your old 401(k) in there somewhere, left behind at a job you're no longer with?

One huge benefit with an IRA is you get to choose how your money is invested, not your old employer. 

If you want to consolidate your old 401(k) and have more options with how you invest, it may be time to roll them over into an IRA.  

With Capitalize, they handle the process from start-to-finish – for FREE. They handle the process from start-to-finish, and yes that includes calling the 401(k) provider on your behalf. 

Find out how and get started today!

Support the Podcast! 

If you enjoyed this episode and found it helpful, here are some ways to support it.

• Spread the word. If you have friends who could boost their savings, please share this episode with them on social media or just email the link!  
• Leave a review. Every review helps! Please share your honest feedback on Apple Podcasts or Stitcher. 
• Visit our Couple Money Toolkit for more info on available apps, tools, and services to master your money together.
• Become a Patron. 

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere and Logan from Music for Makers in this episode.