Podcast #15 – The Rise of the Side Hustle

In this episode we discuss the rise of side hustling. And in a new twist we sample a bottled cocktail. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to FI, however, we consider the RE part optional.

Beer #1 – Toasted Old Fashioned – Bar Chef (00:50)
Useful Hack – Flashfood* (4:50)

Topic

  • What is a side hustle (10:45)
  • Is it really just having two jobs? (12:00)
  • Should A side Hustle be something you enjoy? (13:15)
  • Are people side hustling for the sake of it without actually looking to see if the money they are making from the time they are putting in worth it? (14:50)
  • The Mechanic discusses when he tried to side hustle as a transcriber. (16:05)
  • The Mechanic tries to pitch that he will do custom narrations for anyone willing to pay him. (Thus far he has had zero requests and we predict it is more likely for someone to pay him to stop talking) (19:20)
  • We discuss if the best side hustles are businesses that are scale-able where you aren’t just trading time for money (21:10)
  • Is the rise of side hustling taking focus away from peoples career where they could be making more money? (23:15)
  • You can get paid to check what’s in your fridge (24:30)
  • The Side Hustle Book (26:55)
  • Millennial Money Side Hustle Ideas (28:50)
  • Can you use your side hustle to accomplish other things while making money (31:25)
  • Online surveys are a waste of time (34:20)
  • When does your hobby become a side hustle (37:15)
  • If you can monetize a side hustle there are many other benefits thanks to the tax write off (37:45)
Beer #2 – Stiegl – Brewed & Bottled in Salzburg, Austria (25:25)
Stupid Money Move
Reading List

15 Best Side Hustles You Can Start Earning With Now via The College Investor

10 Ways to Add Extra Income to Your Bank Account in Canada via The Penny Hoarder

$1 Million Side Hustle Ideas for 2019 via Millennial Money

Side Hustle – From Idea to Income in 27 Days by Chris Guillebeau

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