190: Why You Should Always Have Side-Income: Finance Friday with Rachael

190: Why You Should Always Have Side-Income: Finance Friday with Rachael

Side businesses can be a fantastic way to boost your savings and investing rates, especially if you’re making a low salary! Rachael works in the insurance industry and is keen on getting a promotion soon, due to her recently acquired license. She loves her work and wants to stay with her company as long as she can, but she also wants to increase her income so she can save more for her retirement, her college funds, and pay off some student debt. Rachael has always been an artist and uses this talent to grow her small businesses. She hosts “painting parties” where she leads a group of people through painting a beautiful picture. She also has some designs that she sells over printing websites so people can buy them as mugs, mousepads, tee-shirts, and more. She does have a few things to cut out of her life, such as a very expensive mobile phone bill for her and her sons, as well as a love for eating out. Mindy and Scott’s advice is to start tracking expenses as soon as possible and get rid of her delivery app membership right away! In This Episode We Cover Why side-income streams are so important when building wealth Combining or keeping finances separate when in a marriage Why you shouldn’t liquidate your retirement savings before a divorce Cutting down eating out and making it easier to eat at home Saving on mobile service by going with a prepaid service And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

Episoder(745)

Does Money Buy Happiness? What the FIRE Community Gets Wrong

Does Money Buy Happiness? What the FIRE Community Gets Wrong

What happens after you achieve financial independence? Former Facebook employee turned comedian Paul Ollinger discovered the answer wasn't what he expected—and it completely changed how he thinks abou...

28 Nov 202550min

Will 2026 Healthcare Costs Destroy Financial Independence for Millions?

Will 2026 Healthcare Costs Destroy Financial Independence for Millions?

Will 2026 healthcare costs destroy your FIRE plan? Enhanced ACA tax credits expire in 2026—meaning health insurance premiums could DOUBLE or TRIPLE overnight. This healthcare subsidy cliff threatens m...

25 Nov 202553min

Proof You Don't Need a High Salary for FIRE (Teacher Retires at 50)

Proof You Don't Need a High Salary for FIRE (Teacher Retires at 50)

Think you need a six-figure salary to retire early? Think again. Middle school teacher Andrew Luman is achieving financial independence and retiring at 50—all on a teacher's salary. In this episode of...

21 Nov 202551min

Stay on Track to FIRE With These Money Moves Before 2026

Stay on Track to FIRE With These Money Moves Before 2026

Time's running out on 2025, and there are critical financial moves you need to make before December 31st. In this episode of the BiggerPockets Money podcast, Mindy and Scott walk you through the essen...

18 Nov 202521min

Should You Pay Off Your Mortgage or Invest? (Best Choice for FIRE)

Should You Pay Off Your Mortgage or Invest? (Best Choice for FIRE)

Pay off your mortgage or invest? If you're pursuing FIRE, you've wrestled with this question. A paid-off house means thousands extra in your pocket each month and a lower FIRE number. But investing th...

14 Nov 202531min

How to Build a Tax-Efficient Portfolio (Advanced Strategies)

How to Build a Tax-Efficient Portfolio (Advanced Strategies)

Most people think index funds are the only path to financial independence—and they'll get you there in 15-20 years. But what if you could get there faster? In this episode, Mindy Jensen and Scott Tre...

11 Nov 202546min

How Can Paul Fast Track to FIRE by 45? ($1.6M Net Worth)

How Can Paul Fast Track to FIRE by 45? ($1.6M Net Worth)

Paul has a $1.6 million net worth at 40 years old—impressive by any standard—but he's stuck wondering: Can I retire in the next 5-6 years? In this episode of BiggerPockets Money, Paul shares his jour...

7 Nov 202550min

How to Avoid (or Escape) the Middle-Class Trap and Retire Early

How to Avoid (or Escape) the Middle-Class Trap and Retire Early

You're doing everything right—buying a house, maxing out your 401(k), investing in real estate—but what if these "smart" money moves are actually trapping you in your job? It's the paradox plaguing th...

4 Nov 202539min

Populært innen Business og økonomi

lydartikler-fra-aftenposten
stopp-verden
dine-penger-pengeradet
rss-penger-polser-og-politikk
e24-podden
rss-borsmorgen-okonominyhetene
pengepodden-2
livet-pa-veien-med-jan-erik-larssen
pengesnakk
finansredaksjonen
tid-er-penger-en-podcast-med-peter-warren
stormkast-med-valebrokk-stordalen
utbytte
morgenkaffen-med-finansavisen
liberal-halvtime
rss-sunn-okonomi
lederpodden
rss-markedspuls-2
rss-pa-konto
rss-investering-gjort-enkelt