
Financial Feminist
Financial Foundations #6: How to Start a Side Hustle
Podcast summary created with Snipd AI
Quick takeaways
- Side hustles are additional income streams that can help achieve financial goals and should align with personal interests and time availability.
- Passive income refers to earning money without active effort and can be generated through various channels like high-yield savings accounts and selling digital products.
Deep dives
Side Hustles and Passive Income
In this episode of Financial Foundations, the host discusses the concepts of side hustles and passive income. Side hustles are highlighted as additional income streams that can help achieve financial goals, whether it's temporary or a step towards starting a small business. The host acknowledges the privilege involved in having a side hustle and cautions against contributing to hustle culture or compromising one's health and well-being. Passive income, on the other hand, refers to earning money without active effort. Examples like high-yield savings accounts and selling digital products are mentioned. The episode also emphasizes the importance of considering personal interests, time availability, and finding a supportive community when choosing a side hustle.