How Much Can You Really Make from a Side Hustle Like DoorDash?

Jul 8, 2024

Tommy Tindall from NerdWallet shares insights on the income potential of working for DoorDash as a side hustle. The hosts discuss budgeting, early investing strategies, and the benefits of starting investments early. They cover topics such as gig economy jobs, saving strategies, passive vs active investing, and financial planning for young professionals.

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Intro

00:00 • 2min

Insights on Delivery Driving Side Hustle

01:41 • 8min

Exploring Creative Income-Boosting Ideas and Podcast Recommendations

09:50 • 3min

Budgeting, Saving, and Investing Tips for Recent College Graduates

13:17 • 12min

Reflecting on Financial Decisions in Early 20s

25:11 • 2min

Reflections on Early Financial Choices and Building Good Money Habits

27:30 • 3min

Understand how much extra income you could get from a side hustle like DoorDash and get a budgeting and investing basics refresh.

00:40 This Week in Your Money: How much extra money can you really make from side hustles? What are budgeting and early investment strategies for young professionals? Hosts Sean Pyles and Sara Rathner discuss the realities of gig economy jobs with Tommy Tindall, a NerdWallet writer who tried working for DoorDash to see what kind of income it would give him. He shares tips and tricks on the ease of starting with DoorDash, the practical challenges involved, and how your location and lifestyle can impact your earnings.

11:08 Today’s Money Question: Host Elizabeth Ayoola joins Sean and Sara to help answer a listener question from a recent college graduate about early investment strategies. They discuss how young professionals can apply the 50/30/20 rule to their finances, the importance of setting clear savings goals, and how to start investing at a young age. They discuss the benefits of starting investments early, the differences between active and passive investing options, and the importance of automating investments to build wealth over time.

In their conversation, the Nerds discuss: budgeting basics, side hustles, early investing, gig economy, financial planning, saving strategies, compound interest, passive investing, active investing, working for DoorDash, supplemental income, young professionals, financial tips, retirement calculators, IRA benefits, flexible budgeting, money goals, investment strategy, automation in finance, personal finance, tax benefits, savings accounts, financial foundation, robo-advisors, ETF investments, high yield savings accounts, debt repayment, financial pitfalls, emergency fund, savings goals, financial goals, practical saving tips, visualization exercises, setting financial goals, low tax rates, short-term savings, long-term savings, reverse budgeting, and investment automation.

To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.

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