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.
David 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.
Free Resource: Laura's Recommended Tools—use them to earn more, save more, and accomplish more with your money!
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.
Get More Money Girl!
Want to know the best financial and productivity tools that I use and recommend to save time and money? Click here to check out 40+ tools I recommend!
To connect on social media, you’ll find Money Girl on Facebook, Twitter, and Google+. Also, if you’re not already subscribed to the Money Girl podcast on iTunes or the Stitcher app, both are free and make sure that you’ll get each new weekly episode as soon as it’s published on the web.
There’s a huge archive of past articles and podcasts if you type in what you want to learn about in the search bar at the top of the page. Here are all the many places you can connect with me, learn more about personal finance, and ask your money question:
- Dominate Your Dollars - Laura's private Facebook Group
- Money Girl on Facebook
- Laura on Facebook
- Money Girl podcast on iTunes (it’s free to subscribe!)
- Money Girl on the Stitcher app (also free to subscribe!)
- Email: LauraDAdams.com/contact
To learn about how to get out of debt, save money, and build wealth, get a copy of my award-winning book Money Girl’s Smart Moves to Grow Rich. It tells you what you need to know about money without bogging you down with what you don’t. It’s available at your favorite bookstore as a paperback or e-book. Click here to download 2 FREE book chapters now!
Businessman Using Laptop image courtesy of Shutterstock