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Money Guy Show
How to Turn YOUR Side Hustle Into a Business!
May 15, 2024
Learn how to transition your successful side hustle into a full-fledged business with tips on business structure, tax implications, and long-term planning. Explore the challenges of saving versus spending, managing finances in the 'messy middle' of life, and considerations for job hopping at a high salary. Get insights on employee hiring, staying informed with financial advice, and balancing financial planning with enjoying each decade.
34:31
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Quick takeaways
- Assess job satisfaction, career growth, and benefits before leaving for a higher paying job.
- Evaluate employer's pay raise practices to ensure fair compensation and opportunities for advancement.
Deep dives
Consider the Fulfillment of Your Current Job
Before jumping jobs for increased income, assess if you find fulfillment in your current job, enjoy working with colleagues, prefer the job's location and other benefits like a short commute. Consider if you have a career path for advancement and economic growth within your current employer to ensure you're not leaving a great opportunity for potentially uncertain financial gains elsewhere.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode