One of the cool things about having a great side hustle is all the extra money coming in each month.
And obviously, as a personal finance blogger, I want you to be smart with that money so you can set yourself up for future success.
So I made this very quick list of my 7 favorite ways to invest your extra FB side hustle cash flow each month:
- Pay down your consumer debt. This one is kind of obvious. One thing you can do with your extra side hustle cash is pay off any credit card debt you have.
- Chip away at the principal for your mortgage. Imagine how fast you could pay your mortgage down if you were able to throw an extra grand at the principal each month.
- Pay off student loans. Got loans? Not for long. Your side hustle will help these go away much faster.
- Max out your brokerage account. Every dollar you save for retirement today is going to be worth exponentially more in the future. If you're not maxing out your retirement accounts because of cash flow, starting your side hustle might solve this problem. You've probably seen that the market is WAY down recently - which means that there's a huge opportunity to invest more and watch it grow over the next 20 - 30 years.
- Build up your emergency savings. There's no better way to build up your cash reserves than a side hustle.
- Avocado toast. This is gonna blow your mind. With the extra $1k you make each month, you could make 606+ slices of avocado toast every single month. Bon appetit.
- Reinvest in your side hustle business and grow it. This is exactly what Mike did. He started off with one or two clients, then he eventually used some of his cash flow to hire some part-time contractors to build his Facebook ad agency to 30k/month. This option will NOT be for everyone, but if you were looking to leave your job one day, then this side hustle could grow into a legitimate business that takes care of you for a very long time.
I'm sure there are a ton of things I left off this list, but the point is… an extra $1k every month might make a huge difference in your life.
If you're interested in getting started, here's where to go:
Learn more about the FB Side Hustle Course.
One more thing:
Sunday night at midnight Mike and I are closing enrollment for this course. It's going to be several months before we open up enrollment again, and the massive $150 discount will go away as well. If you have any questions about the course that I haven't answered already, just hit reply and let me know.
Or you can click here to get started:
Enroll in the FB Side Hustle Course.
(Make sure you use the STPADDYSDAY coupon code at checkout)
See you inside,
Johnny
---------- Forwarded message ---------
From: Millennial Money Man <bobby@millennialmoneyman.com>
Date: Thu, Mar 19, 2020, 5:30 PM
Subject: Top 7 ways to invest your side hustle profits
To: <joaoa.dsilva2019@gmail.com>
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