You've probably heard the phrase "multiple streams of income". I'm not sure if he started it or not, but I first heard the term in a book written by author Robert Allen many years ago. The idea of multiple streams of income is that you earn money from a variety of sources. Money is flowing into your life from the left and the right, from up and down, from the north and the … [Read more...]
Side Hustle Interview 1
I'm a big fan of creating a side hustle as part of a fast-track path to financial independence. I've written previously about the difference it can make (see this calculator if you don't believe me -- run the numbers with and without a side hustle and the difference is huge) and have experienced this myself in getting me to FI at 42 (though I should have done more). I … [Read more...]
2018 Credit Card Rewards
Yes, it seems pretty late to be posting results from 2018, but what can I say -- time has just flown by. Between all the other posts I've wanted to write, launching a new interview series, and managing Rockstar Finance, not to mention completing our taxes and working to update our estate plans, things have been busy! Like many early retirees say, "Where did I find the … [Read more...]
Why I Sold Rockstar Finance
I have some news for you today! After buying Rockstar Finance in December 2017, I just recently sold it. If you're a blogger or deep into personal finance, you likely know what Rockstar Finance is. If you're simply kinda interested in personal finance, read only a few blogs, and are new to ESI Money, you might not. No problem. Just read Why I Bought Rockstar Finance … [Read more...]
Seven Steps to Turn Your Hobby Into a Money Maker
I love ideas for making extra money. I also love hobbies (who doesn't!?) for the enjoyment they provide. So when you combine the two, what's not to love? Over the years I've had many hobbies -- cycling, swimming, growing roses, playing chess, etc. One of them (writing!) actually became a pretty lucrative side hustle for me. It was May 2005 when I first wrote about … [Read more...]
15 Easy Ways to Make Extra Money in the Gig Economy
As most ESI Money readers know, I am a big fan of developing side hustles, primarily because they can get you to financial independence much faster than without them. That said, some people don’t want the time and hassle commitments sometimes associated with developing your own business. So when Uber Eats offered to host a sponsored post about making some extra side … [Read more...]
How to Get a Career Award
In How to Ask for a Raise, I listed "after you get an award" as one of the best times to ask for a raise. I also promised to write more on the issue. Consider this post the fulfillment of that promise. :) Saying that someone should "get an award" sounds easy, but it leaves a ton of questions. The most obvious is, "How do I get an award?" Well, I happen to have some … [Read more...]
How to Make Money with a Hobby Farm: The Unsung Super Hero Of Side Hustles
The following is a guest post by Michael at Your Money Geek, a site where he discusses various financial topics with a dash of geekiness. (I dare you to stump him with some sort of Star Wars trivia!) As you know, I'm a big fan of side hustles because they can make such a dramatic impact to your finances. I've shared some side hustle ideas worth considering but today's topic … [Read more...]
Why Getting Fired Was One of the Best Things that Ever Happened to Me
Not many people who have just been fired will tell you that it was one of the best things to ever happen to them. I would be among that group. When I was fired, I was shocked, confused, stunned, angry, and a bit lost. Early in the process of dealing with it, I thought it was one of the worst things to ever happen to me. But over time things have a funny way of working … [Read more...]
Dividend Investing Will Always Beat a Side Hustle
The following is a guest post by Millionaire Mob, a blog focused on ways to better your financial future through passive income, dividend investing and travel hacking. As many of you know, I am a big fan of side hustles and have also talked a bit about dividend investing (including offering specifics on it from a friend of mine.) Personally, I don't think it's a … [Read more...]
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