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How to Use Side Hustles to Pay Off Debt

Laura interviews David Carlson, author of the new book Hustle Away Debt. If you're ready to tackle debt or just have more security, starting a side hustle can be a financial lifeline. Find out the main types to consider, even if your 9-to-5 job leaves you with little time to spare.

By
Laura Adams, MBA,
July 5, 2016
Episode #456

How to Use Side Hustles to Pay Off DebtDavid Carlson is the founder of the blog Young Adult Money and the author of Hustle Away Debt: Eliminate Your Debt by Making More Money. David is a millennial who was drowning in more than $100,000 of student loan debt until he found creative solutions to earn more instead of just cutting back his expenses.

His book shows how different types of side hustles can help you develop new sources of income that allow you to pay off your debt faster. In this interview, we discuss how side hustles can also enhance your full-time job and help you explore new career skills and fields that you might not have otherwise worked in.

[Listen to the interview using the audio player in the upper right sidebar of this page or on iTunes, SoundCloud, Stitcher, and Spotify; for Spotify, just search the app for "Money Girl."]

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Some of the topics David and I cover in this interview include:       

An often overlooked opportunity are local side hustles where you provide a service in your community to make quick money. - David Carlson

  • 5 main types of side hustles that help you earn more   
  • How to choose the right kind of money-making endeavor for your situation 
  • The most profitable side hustles and when to get out of an unprofitable one        
  • How to begin making extra income even if you have little time to spare 
  • The synergies side hustles offer that can improve your entire financial life

If you’re interested in earning more, while keeping your 9-to-5 job, I think you’ll take away some great ideas and tips from my conversation with David. No matter if you’re anxious to tackle large debts, build an emergency fund, or save more for retirement, having a side hustle can be a fun adventure that’s also a financial lifeline.

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