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Side Hustle School
#2839 - Q&A: "When is the right time to quit your job and go all-in?”
Oct 9, 2024
Discover the crucial milestones that signal it's time to go all-in on your side hustle. Explore financial strategies like optimizing credit card rewards and the personal experiences of the host as an Airbnb vet. Learn about creating a safety net with an emergency fund and understanding profitability before making the leap to full-time business. This insightful discussion will equip you with practical advice for navigating your career transition.
06:11
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Quick takeaways
- Identifying the right time to quit your job hinges on achieving financial stability through consistent side hustle income that covers essential expenses.
- Assessing possible growth by investing more time into a side hustle is essential for determining if it can become a full-time endeavor.
Deep dives
Understanding DoubleNomics and Its Benefits
DoubleNomics refers to a financial strategy where cashback rewards on credit cards are doubled, enhancing the benefits for users. For instance, Discover offers a cashback match program that allows customers to turn $150 cash back into $300 at the end of the first year. This highlights the advantage of choosing the right financial products, as it can significantly increase potential earnings. The concept underscores the importance of being informed about financial tools that can maximize savings and rewards.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode