4min chapter

Rich Habits Podcast cover image

25: Demystifying the 3 Types of Income

Rich Habits Podcast

CHAPTER

How to Make a Side Hustle Work for You

If you're just playing around and learning a bunch of different things, then no, I don't think it's necessary right out of the gate. But as soon as you stabilize and you get this going and you've proven the concept, then yes, I always believe you should have an LLC. Robert: A general rule of thumb is about 30%. 30 cents of every dollar that you earn and profit, set that to the side when it's time for tax time.

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