WEBVTT - Creating a Dope Side Hustle #035 0:00:00.080 --> 0:00:03.200 Welcome to How the Money. I'm Joel, I'm Matt, and 0:00:03.240 --> 0:00:23.920 today we're talking about creating a dope side hustle dope. 0:00:25.520 --> 0:00:27.200 I just thought of how we haven't recorded at your 0:00:27.200 --> 0:00:29.800 house on a long time, Man, and I miss riding 0:00:29.840 --> 0:00:32.239 over on the bike. You have like an edge up 0:00:32.240 --> 0:00:34.080 because you're all you got the blood flowing and get 0:00:34.080 --> 0:00:35.920 your head clear, whereas I'm just sitting at home, putt 0:00:35.920 --> 0:00:37.800 my girls down to bed and and the kid funk. 0:00:38.000 --> 0:00:39.280 I think it's the best way to get you into it. 0:00:39.280 --> 0:00:40.920 Then it's maybe a couple of like face laps for me. 0:00:41.280 --> 0:00:43.720 What do you think do I'll get the blood flowing. 0:00:44.120 --> 0:00:48.000 I'd like it all right done. Next next podcast, we'll 0:00:48.000 --> 0:00:49.640 start off that way. I also wonder too, if we 0:00:49.720 --> 0:00:52.640 recorded earlier, if that would if we would seem more alert, 0:00:53.000 --> 0:00:54.200 you know, like in the morning. Do you do you 0:00:54.240 --> 0:00:56.080 think better earlier in the morning. Yeah. But the tough 0:00:56.120 --> 0:00:58.480 thing is, man would drink a beer. We have to 0:00:58.480 --> 0:00:59.840 go into work or do something the rest of the 0:00:59.880 --> 0:01:02.120 day and be productive. And you know, any time you 0:01:02.160 --> 0:01:04.200 drink a beer before noon, it's just gonna throw your 0:01:04.200 --> 0:01:06.600 whole day off. And in America it is definitely frowned 0:01:06.640 --> 0:01:09.520 upon to drink before noon. Uh. So I want to 0:01:09.520 --> 0:01:11.199 tell you one little life hack I did this week 0:01:11.280 --> 0:01:14.399 that for me has been really helpful and larded from 0:01:14.400 --> 0:01:17.440 our friend Andrew, and he keeps his phone on the 0:01:17.480 --> 0:01:20.280 gray scale mode, and so I just gave that a try. 0:01:20.319 --> 0:01:22.160 I switched my phone over in the settings to gray 0:01:22.200 --> 0:01:23.840 scale mode, so my it looks like a black and 0:01:23.840 --> 0:01:27.440 white photograph essentially, And uh, for me, it's actually made 0:01:27.440 --> 0:01:31.120 my phone a lot less visually appealing, which means I 0:01:31.160 --> 0:01:32.600 want to look at it less. And so it's been 0:01:32.640 --> 0:01:35.080 really helpful. I don't want to look at Facebook or 0:01:35.120 --> 0:01:37.200 Instagram or any of that stuff nearly as much, just 0:01:37.200 --> 0:01:39.400 because it's not nearly as advertising. It's so I'm using 0:01:39.440 --> 0:01:43.080 my my phone in a little more utilitarian way as 0:01:43.080 --> 0:01:45.160 opposed to just kind of like binging out on stuff. 0:01:45.319 --> 0:01:48.320 It's been really nice to not care about my phone 0:01:48.320 --> 0:01:52.120 nearly as much. Yeah, I've tried that, and you know, 0:01:52.160 --> 0:01:53.960 I kind of went back to color because I like 0:01:54.040 --> 0:01:57.400 the colors. I think I am curious to know how 0:01:57.520 --> 0:02:00.240 much time I am actually spending, you know, on my 0:02:00.240 --> 0:02:04.040 phone on certain apps, in particular Instagram, because with photography 0:02:04.080 --> 0:02:06.400 I'm on their a bunch from with my company and 0:02:06.600 --> 0:02:09.720 doing things like that. But I tried it out maybe 0:02:09.760 --> 0:02:12.320 last year, I think, and yeah, I just switched back. 0:02:12.320 --> 0:02:13.960 I can't remember a specific reason. I think I just 0:02:14.120 --> 0:02:15.639 I was just kind of sick of it. Well, I 0:02:15.680 --> 0:02:17.359 think for listeners out there who feel like they're on 0:02:17.400 --> 0:02:19.520 their phone too much, it's worth at least given it 0:02:19.560 --> 0:02:21.480 a shot, right going to your settings, try the great 0:02:21.520 --> 0:02:23.959 scale mode. Uh. We have a friend, Matt, that we 0:02:24.040 --> 0:02:26.080 just ran into random the other day at a brewery 0:02:26.560 --> 0:02:29.440 because that's where we run with our friends. And he 0:02:29.560 --> 0:02:32.680 had switched a flip phone. But apparently flip phones have 0:02:32.720 --> 0:02:35.240 gotten really expensive and he dropped like a hundred dollars 0:02:35.240 --> 0:02:37.280 on his flip phone, which I'm not an advocate of. Yeah, 0:02:37.320 --> 0:02:39.800 we weren't cool with that, but uh, yeah, so he 0:02:39.919 --> 0:02:42.200 switched to flip phone. And the odd thing was, he 0:02:42.200 --> 0:02:44.280 said it wasn't necessarily because he was on his phone 0:02:44.320 --> 0:02:47.079 too much, but he decided to switch anyway. I guess 0:02:47.120 --> 0:02:48.720 it was gonna save it money on his service, which 0:02:48.760 --> 0:02:50.200 doesn't make sense to me anyway, because there are a 0:02:50.240 --> 0:02:52.679 lot of really really cheap cell phone services out there. 0:02:53.040 --> 0:02:54.840 But I love that idea though part part of me, 0:02:54.919 --> 0:02:56.560 you know, part of me has wanted to go back 0:02:56.600 --> 0:02:59.640 to kind of the pre smartphone days just because I 0:02:59.639 --> 0:03:02.560 feel get sucked up so much of my life right 0:03:02.560 --> 0:03:05.160 and my attention, and so this gray scaling thing for 0:03:05.200 --> 0:03:06.880 me is kind of like that happy medium, Right, I'm 0:03:06.880 --> 0:03:09.040 not going back to that flip phone where I can't 0:03:09.280 --> 0:03:11.200 you know, access some of the articles I want to 0:03:11.200 --> 0:03:13.400 read or or whatever it may be, or you know, 0:03:13.360 --> 0:03:15.639 a post a picture that my family and friends can 0:03:15.720 --> 0:03:18.120 can check out of my kids, or the fun weekend 0:03:18.120 --> 0:03:20.000 that we had or something like that. But it does 0:03:20.160 --> 0:03:22.680 like help me put it down more and just not 0:03:22.760 --> 0:03:26.280 be as interested in the gadget altogether, which yeah, for me, 0:03:26.360 --> 0:03:28.400 is a really really good thing. Yeah, I think I remember. 0:03:28.440 --> 0:03:30.680 One of the biggest things about that being was that 0:03:30.720 --> 0:03:33.960 the notification colors didn't pop up, you know, and so 0:03:34.000 --> 0:03:35.760 you don't really see the little red dot, at least 0:03:35.800 --> 0:03:37.400 on the iPhones that I don't know what color it 0:03:37.400 --> 0:03:39.560 shows up on yours, probably like purple or something like that. 0:03:39.960 --> 0:03:42.320 But like the notification, you know, whether it's it's like, oh, 0:03:42.320 --> 0:03:44.480 you've got one new email or you know, five new 0:03:44.560 --> 0:03:47.600 years or whatever, and so it doesn't sort of stand 0:03:47.640 --> 0:03:49.920 out because that's sort of, uh, the sort of red 0:03:49.920 --> 0:03:51.640 alert look, and you're like, oh, I gotta answer that, 0:03:51.680 --> 0:03:53.040 or I gotta I gotta check that if you see 0:03:53.040 --> 0:03:55.560 it on your home screen, I do remember that not 0:03:55.720 --> 0:03:58.560 nearly fee feeling the urgency to sort of check something 0:03:58.920 --> 0:04:01.760 in particular text. So I yeah, i'd recommend that to folks. 0:04:01.840 --> 0:04:03.520 Give it a shot. See if it maybe makes a 0:04:03.520 --> 0:04:05.880 difference for you, if if you're like me, where I 0:04:05.880 --> 0:04:08.160 feel like I'm even really conscious of it, Like it's 0:04:08.160 --> 0:04:10.160 something that I try to be thoughtful about, and even 0:04:10.200 --> 0:04:11.839 still I feel like I'm on my phone too much 0:04:12.160 --> 0:04:13.320 and and so you know, there are a lot of 0:04:13.320 --> 0:04:15.360 people that just mindlessly do it and aren't even thinking 0:04:15.360 --> 0:04:17.840 about it. Um, and I'm trying to be conscious of it. 0:04:18.040 --> 0:04:20.520 But this is helping me actually do something about that 0:04:20.520 --> 0:04:22.680 consciousness and put it down a little bit more so. 0:04:23.160 --> 0:04:26.040 Um yeah, gray scale on your phone in your settings. 0:04:26.320 --> 0:04:28.880 Check that out. Uh, Matt, Let's get to the beer 0:04:28.920 --> 0:04:31.200 that we're drinking today. Yeah, man, that's right. Today we 0:04:31.279 --> 0:04:34.400 are drinking Tears of My Enemies. And this is a 0:04:34.400 --> 0:04:38.760 beer by Monday Night Brewing. This is an Imperial Milk 0:04:38.839 --> 0:04:42.320 Stout aged and Scotch barrels. So this is our second 0:04:42.360 --> 0:04:45.080 beer from Monday Night Boom. It's gonna be so good. 0:04:45.120 --> 0:04:47.479 They're the second return brewery, and I think we've mentioned 0:04:47.480 --> 0:04:48.920 a couple of times on the show that they're one 0:04:48.920 --> 0:04:52.880 of our favorite breweries in our state and locally they're 0:04:53.440 --> 0:04:56.040 just super awesome. And I'm really pumped about this because Matt, 0:04:56.080 --> 0:04:59.240 you and I both really like Scotch Scotch Scotch Scotch, 0:04:59.279 --> 0:05:01.880 and it's really hard to find a beer agent in 0:05:01.920 --> 0:05:05.040 Scotch barrels and this is and so I'm really excited 0:05:05.080 --> 0:05:07.640 to have it tonight. Yeah, and this beer specifically was 0:05:07.800 --> 0:05:10.080 donated to us by the guys over there Monday Night. 0:05:10.240 --> 0:05:13.839 And aside from that, we've had the bourbon barrel aged 0:05:13.920 --> 0:05:15.839 version of this. I don't know if you remember, but 0:05:15.880 --> 0:05:18.440 it was fantastic. So this one is I think it's 0:05:18.440 --> 0:05:20.760 set to be even better. But I wanted to mention that, 0:05:20.839 --> 0:05:23.120 so thank you guys for donating this beer to the show. 0:05:23.160 --> 0:05:27.280 We really appreciate it. And this bottle actually has this artwork. 0:05:27.560 --> 0:05:30.159 I guess it's watercolor. I'm not sure, but there's super cool. 0:05:30.800 --> 0:05:32.400 It definitely seems like it's hamp painted. I guess you 0:05:32.400 --> 0:05:34.720 can't tell if it's necessarily water color. But yeah, the 0:05:34.800 --> 0:05:36.880 artwork that they've been putting on the labels is really 0:05:36.880 --> 0:05:40.600 cool and they all involve like woodland creatures and yeah, 0:05:40.720 --> 0:05:43.640 for the most part, yeah, there's just super neat um. Okay, So, 0:05:43.920 --> 0:05:46.719 by the way you pour this beer, it pours like 0:05:46.920 --> 0:05:51.560 a really nice shade of black with like a brown 0:05:51.720 --> 0:05:54.440 lacing at the top. And I had a question for you. 0:05:54.480 --> 0:05:56.880 It's fantastic. The name of this beer is Tears of 0:05:56.920 --> 0:06:00.840 My Enemies. So let's say that this be actually was 0:06:01.160 --> 0:06:03.800 like the physical tears of your enemy. Matt who whose 0:06:03.839 --> 0:06:06.520 tears would you be drinking tonight? I'll do I I 0:06:06.520 --> 0:06:08.440 got a naswer for you. Is it possible for a 0:06:08.480 --> 0:06:11.839 bank to cry? Because I recently found out. I was 0:06:11.880 --> 0:06:16.240 talking to my mother in law, Kate's mom, and we 0:06:16.240 --> 0:06:18.400 were talking about banks for some reason, because she was 0:06:18.440 --> 0:06:22.440 talking to me, probably, and she was recounting the story 0:06:22.520 --> 0:06:25.080 how they switched to a local bank last year, a 0:06:25.120 --> 0:06:28.480 couple of years ago, because they'd had some issues, some 0:06:28.600 --> 0:06:33.480 fraud on their Wells Fargo accounts, specifically before I know 0:06:33.560 --> 0:06:37.599 and specifically UH fives had left their checking account and 0:06:37.640 --> 0:06:39.839 been transferred to a new account that they didn't open, 0:06:40.120 --> 0:06:42.320 but that was open in their name and the money 0:06:42.400 --> 0:06:44.480 was sitting there, and so they had gone in and 0:06:44.480 --> 0:06:46.679 wrath trying to figure out why this account had been opened, 0:06:46.720 --> 0:06:49.080 and the people were not helpful at all. She said, 0:06:49.120 --> 0:06:50.760 they just kind of we're looking at her. And it 0:06:50.800 --> 0:06:52.520 took them two or three hours in the middle of 0:06:52.520 --> 0:06:54.760 a work day that my father in law how to 0:06:55.160 --> 0:06:57.040 not be at work while they tried to figure this 0:06:57.080 --> 0:07:00.000 situation out. And I told her, you're you were a victim, 0:07:00.480 --> 0:07:02.320 Like that's why Wells Fargo was in the news and 0:07:02.360 --> 0:07:04.320 that's why they had gotten fined, was because they got 0:07:04.360 --> 0:07:08.040 caught opening all those fraudulent accounts in order to hit 0:07:08.080 --> 0:07:10.640 the quotas right. And so the branch managers were basically 0:07:10.640 --> 0:07:14.200 pressuring the that what the tellers to meet the quotas 0:07:14.200 --> 0:07:16.560 to to get the new accounts opened, and they all 0:07:16.600 --> 0:07:20.440 but said, open up fake accounts behind people's backs exactly 0:07:20.720 --> 0:07:22.880 because that's your job now. And I had no clue 0:07:22.880 --> 0:07:24.800 that they were one of the victims of that terrible 0:07:24.800 --> 0:07:29.320 behavior that that Wells Fargo is doing. So specifically, let's 0:07:29.400 --> 0:07:31.280 drink to you want to drink to well well Wells 0:07:31.280 --> 0:07:33.760 Fargo teers. We're gonna say these are the Tears of 0:07:33.760 --> 0:07:36.880 Wells Fargo of this beer from Monday Night, and maybe 0:07:36.920 --> 0:07:39.840 they'll come out with a you know, another different barrel 0:07:39.840 --> 0:07:42.720 aged version of this that's literally called Tears of Wells Fargo. 0:07:43.160 --> 0:07:44.600 Maybe i'd be awesome. All right, we'll see what we 0:07:44.600 --> 0:07:46.880 can do on that tears. Man. Before I sip at, 0:07:46.880 --> 0:07:51.400 I can smell that chocolate, vanilla chocolate. Definitely get the vanilla, 0:07:51.920 --> 0:07:55.320 the chocolate. The coffee is a little little reserved on 0:07:55.320 --> 0:07:56.720 this one. It's there in the back, but it's almost 0:07:56.720 --> 0:07:59.160 like a clove. It's almost got like this sort of 0:07:59.160 --> 0:08:02.640 warming like interspice to it. The coffee. It almost tastes 0:08:02.640 --> 0:08:04.520 like their cinnamon in there. Yeah, yeah, like cinnamon. I 0:08:04.520 --> 0:08:06.160 don't know if there is, but we taste like that. 0:08:06.360 --> 0:08:08.280 I dig it though It's not what I was expecting, 0:08:08.320 --> 0:08:09.880 but man, this is delicious. And I'm getting just like 0:08:09.920 --> 0:08:12.120 a touch of that p D Scotch, but not not 0:08:12.280 --> 0:08:15.600 a ton. It's like just kind of they're like underlaying everything. 0:08:15.680 --> 0:08:18.000 So I kind of don't like it as much maybe 0:08:18.000 --> 0:08:20.640 as the bourbon barrel aged version. But the you know me, man, 0:08:20.680 --> 0:08:24.000 I like I like my Scotch. So this is fantastic. Yeah, 0:08:24.040 --> 0:08:25.880 I think if anything like a little more time and 0:08:25.960 --> 0:08:28.880 some Scotch barrels, because I love like when Scotch comes 0:08:28.880 --> 0:08:31.480 through majorly in a beer, and and like we said, 0:08:31.600 --> 0:08:33.560 it so rarely happens that you get a Scotch barrel 0:08:33.600 --> 0:08:36.839 aged beer. So I get I think maybe leaving this 0:08:37.000 --> 0:08:38.920 beer in the Scotch barrels a little bit longer. We 0:08:39.080 --> 0:08:41.520 kind of do it well. But man, it's delicious and 0:08:41.520 --> 0:08:44.720 the base beer in particular is so good um on 0:08:44.760 --> 0:08:47.200 this one that I mean, there's just another home run 0:08:47.240 --> 0:08:49.400 for Monday night. I feel like, yeah, thank you guys 0:08:49.440 --> 0:08:52.080 for donating this beer. All right, Matt, let's start talking 0:08:52.080 --> 0:08:54.360 about creating a dope side hustle. Yeah, you wanna get 0:08:54.400 --> 0:08:56.320 into it, let's do it. So there are a couple 0:08:56.320 --> 0:08:58.720 of problems, Matt, that I think the side hustle actually 0:08:58.880 --> 0:09:01.600 really is the solution for. And the first problem is 0:09:01.600 --> 0:09:03.640 that people want to make more money. And in a 0:09:03.640 --> 0:09:07.000 time where we've seen wage growth stagnation, workers wanting to 0:09:07.040 --> 0:09:09.240 make more and they just can't seem to make enough 0:09:09.280 --> 0:09:11.480 to get ahead. You know, I think a side gig 0:09:11.520 --> 0:09:14.880 is one of those perfect solutions. For people in that boat. Yeah, man, absolutely, 0:09:14.880 --> 0:09:17.559 you know, unemployment rates are crazy lower right now, which 0:09:17.600 --> 0:09:20.280 is awesome, But over the past even decades, like the 0:09:20.400 --> 0:09:24.480 real wage growth has been pretty flat and it's been stagnant. 0:09:24.640 --> 0:09:26.400 And and yeah, like you said, folks aren't able to 0:09:26.400 --> 0:09:29.160 really get ahead, and side gigs are the answer. Yeah, 0:09:29.160 --> 0:09:30.880 And another problem is that a lot of people lack 0:09:31.000 --> 0:09:34.360 the necessary skills in order to get increased pay. So 0:09:34.600 --> 0:09:36.760 right now there's a skills gap, especially for some of 0:09:36.760 --> 0:09:39.520 the skills that the millennials are bringing in. The people 0:09:39.960 --> 0:09:41.760 in the in the workforce that are a little bit older, 0:09:42.120 --> 0:09:44.920 maybe they don't have some of those skills that they need. 0:09:45.160 --> 0:09:48.000 For instance, let's say video editing or writing, you know, 0:09:48.040 --> 0:09:50.080 some of these skills that are coming back in content 0:09:50.120 --> 0:09:53.120 creation that are important. A lot of older workers or 0:09:53.160 --> 0:09:55.760 middle aged workers, or even young workers that just are 0:09:55.800 --> 0:09:57.960 just not quite as a depth as some of the 0:09:58.040 --> 0:10:00.200 young millennial workers at at some of those ski els. 0:10:00.200 --> 0:10:02.040 And so a side gig can kind of help you 0:10:02.080 --> 0:10:04.920 figure out ways to increase your skills that are sorely 0:10:05.000 --> 0:10:08.120 lacking for you right now in today's job market. Yeah, 0:10:08.160 --> 0:10:10.240 and especially if you're looking to kind of take that 0:10:10.280 --> 0:10:13.000 side gig and replace your nine to five and sort 0:10:13.000 --> 0:10:17.120 of transforming your side gig into your main gig. I mean, 0:10:17.120 --> 0:10:18.959 you can't beat a side gig to act as sort 0:10:18.960 --> 0:10:21.400 of this financial bridge to kind of get you there. Um, 0:10:21.520 --> 0:10:23.200 you get to sort of try out the waters a 0:10:23.200 --> 0:10:25.000 little bit while you still have a full time gig. 0:10:25.520 --> 0:10:28.240 And it's a great way to sort of figure out 0:10:28.240 --> 0:10:31.640 a new profession, a new position, something that you may 0:10:31.640 --> 0:10:34.560 not be completely comfortable and willing to go in, you know, 0:10:34.640 --> 0:10:36.640 head first and quit your job. It's a good way 0:10:36.679 --> 0:10:39.200 to just transition to it. I think it's great. All right, 0:10:39.240 --> 0:10:41.880 So we know the problems and let's talk about the solutions. 0:10:41.880 --> 0:10:44.839 How a side hustle can actually go about serving you, 0:10:44.960 --> 0:10:47.400 helping you develop those skills, helping you get to that 0:10:47.440 --> 0:10:49.559 point where you're able to make more money. Uh. And 0:10:49.600 --> 0:10:51.520 so one of the things I want to mention is 0:10:52.000 --> 0:10:55.040 in our country, kind of in our culture, a lot 0:10:55.080 --> 0:10:57.880 of the wealth ultimately ends up flowing to owners and 0:10:58.000 --> 0:11:01.480 creators in our society, and so having a side hustle, 0:11:01.760 --> 0:11:03.680 it provides you with a lot of skills, but it 0:11:03.720 --> 0:11:06.640 also gives you this ownership of something and you become 0:11:06.679 --> 0:11:09.680 a creator in a way. With many of these side 0:11:09.720 --> 0:11:12.720 hustles that we're going to talk about. And that doesn't 0:11:12.760 --> 0:11:14.959 necessarily mean you're gonna start a business, you know, based 0:11:14.960 --> 0:11:16.960 on that side hustle next year, you know, but it 0:11:16.960 --> 0:11:20.000 gives you all these options. And there are a lot 0:11:20.040 --> 0:11:22.280 more options in our society for people that own a 0:11:22.320 --> 0:11:25.600 business or that creates something interesting and unique, and I 0:11:25.640 --> 0:11:27.280 just think that's a really good thing for people to 0:11:27.320 --> 0:11:29.440 aim for. Yeah, man, that's right. I mean, and just 0:11:29.520 --> 0:11:32.040 like you said, like it doesn't necessarily mean that someone's 0:11:32.040 --> 0:11:33.880 going to become like a business owner, but it gives 0:11:33.880 --> 0:11:35.760 you that option, right, Like you said, we're gonna cover 0:11:35.840 --> 0:11:40.120 some some side gigs, some side hustles that for some folks, 0:11:40.120 --> 0:11:42.960 they don't want to pursue being a business owner, you know, 0:11:43.000 --> 0:11:45.880 a small business owner, or have that become their sort 0:11:45.880 --> 0:11:48.200 of full time job. You know, they might just be 0:11:48.800 --> 0:11:50.560 wanting to make some extra bucks. You know, say they 0:11:50.600 --> 0:11:52.880 got an accident and they're just like, well, I want 0:11:52.880 --> 0:11:54.760 to fix my car and I don't have the cash 0:11:54.800 --> 0:11:56.840 on hand. Where I was just actually thinking about this, 0:11:56.920 --> 0:12:00.080 we're talking about phones earlier, my phone still busted. I 0:12:00.080 --> 0:12:02.000 don't have the money that aside for getting a new one. 0:12:02.000 --> 0:12:03.800 So I'm just kind of limping along and little chunks 0:12:03.800 --> 0:12:07.079 of glass are falling out on my screen. And eventually, though, 0:12:07.080 --> 0:12:09.160 I'm gonna have to sit aside enough money to get that. 0:12:09.480 --> 0:12:10.760 You know, if you have a side gig, that's a 0:12:10.760 --> 0:12:13.480 good way to sort of supplement some of those maybe 0:12:13.520 --> 0:12:16.360 some of those unforeseen things that you thought might come 0:12:16.400 --> 0:12:18.440 a year later. I thought I might replace my phone, 0:12:18.440 --> 0:12:20.640 but in fact it's here now. But we're gonna cover 0:12:20.800 --> 0:12:23.400 I guess more of those details, the difference between one 0:12:23.440 --> 0:12:26.160 that you could sort of pursue as a long term 0:12:26.240 --> 0:12:28.320 business and a long term goal that you want to pursue, 0:12:28.440 --> 0:12:31.200 versus one that is more sort of like a current 0:12:31.240 --> 0:12:35.559 money maker. But yeah, so some pros man side hustles autonomy. 0:12:36.000 --> 0:12:38.400 You have flexibility and a lot of times you get 0:12:38.400 --> 0:12:40.400 to enjoy what you do when you have a side hustle, 0:12:40.440 --> 0:12:42.320 you know, like you don't necessarily go and try to 0:12:42.360 --> 0:12:45.559 pursue something that you don't really enjoy doing. For a 0:12:45.600 --> 0:12:47.320 lot of people, that's the nine to five, So why 0:12:47.360 --> 0:12:50.000 would they also do that on the side. Yeah, and 0:12:50.080 --> 0:12:52.400 something that you don't enjoy doing would kind of be 0:12:52.440 --> 0:12:54.760 more like a second job. Right in my and I 0:12:54.800 --> 0:12:56.280 think that's kind of the distinction that we want to 0:12:56.280 --> 0:12:59.480 make because you know, side hustle become this popular term, 0:12:59.520 --> 0:13:01.240 you know, over the last you know, a decade or 0:13:01.280 --> 0:13:04.280 five years or whatever it is, and there's a kind 0:13:04.280 --> 0:13:07.040 of some backlash to this term because some people say, 0:13:07.120 --> 0:13:09.640 what a side hustle, that's just a second job, right, 0:13:09.960 --> 0:13:11.800 And ultimately, I think Matt and I would say, there's 0:13:11.800 --> 0:13:15.400 something different in the distinction between getting a second job 0:13:15.440 --> 0:13:18.320 to make more income, right to cover basic needs, or 0:13:18.360 --> 0:13:20.079 to let's say you have a goal in mind to 0:13:20.120 --> 0:13:22.080 pay down debt in twelve months or eighteen months or 0:13:22.120 --> 0:13:24.800 something like that, getting a second job to make more 0:13:24.840 --> 0:13:27.520 money to pay for that goal. That's a great idea, 0:13:27.559 --> 0:13:31.280 that's completely fine. But a side hustle to me, I 0:13:31.320 --> 0:13:33.840 think to us, it means a lot more than just 0:13:33.920 --> 0:13:36.400 that just to make some money. You're working for the man, 0:13:36.640 --> 0:13:39.200 driving for lift, whatever it is, you know, in order 0:13:39.200 --> 0:13:41.880 to cruise some additional funds to pay down something. A 0:13:41.920 --> 0:13:44.839 side hustle is exercising some of the unique talents that 0:13:44.920 --> 0:13:49.000 you have, or exploring something that you're interested in right 0:13:49.000 --> 0:13:51.680 now that could build on itself and turn into something 0:13:51.960 --> 0:13:54.000 more important for you. You know, in the long term. 0:13:54.320 --> 0:13:56.760 So so I think that's the big distinction we want 0:13:56.760 --> 0:13:58.720 to make that first second job in the side hustle 0:13:58.800 --> 0:14:01.120 exactly a versus just say, kind of going in and 0:14:01.200 --> 0:14:03.120 sort of punching the clock and sort of being a cog. 0:14:03.559 --> 0:14:05.559 A second job can sort of be like that. You're 0:14:05.559 --> 0:14:07.440 just not giving it much thought. It's not something you're 0:14:07.559 --> 0:14:10.480 you're mentally or emotionally pursuing. You're you're showing up, You're 0:14:10.520 --> 0:14:13.720 doing the deed, uh, and you're getting paid and you know, 0:14:13.800 --> 0:14:15.360 and like you said, that's great if you're trying to 0:14:15.360 --> 0:14:17.319 pay off some debt, especially if you're trying to pay 0:14:17.320 --> 0:14:19.160 off some debt, or if you have a short term 0:14:19.200 --> 0:14:22.200 financial goal that you're trying trying to to achieve, if 0:14:22.240 --> 0:14:25.320 it's something sort of long term, man, there's better ways 0:14:25.320 --> 0:14:28.480 to approach a side gig in a side hustle, And 0:14:28.480 --> 0:14:30.880 that's what we're gonna talk about. Yeah, and another pro 0:14:31.240 --> 0:14:33.640 is that you know, by having a side hustle like this, 0:14:33.760 --> 0:14:37.080 you can diversify your your income. It's becoming more and 0:14:37.120 --> 0:14:40.640 more rare that somebody just has a single source of income. 0:14:40.680 --> 0:14:43.600 They just get their their check every two weeks. They've 0:14:43.640 --> 0:14:45.880 only got one employer and they've had the employer for 0:14:46.160 --> 0:14:49.680 ten twenty years. That's just not the way things are 0:14:49.680 --> 0:14:52.040 going in this in our current labor market. I know, 0:14:52.120 --> 0:14:55.680 our peers aren't only changing actual jobs every few years. 0:14:55.720 --> 0:14:58.560 They're even considering changing careers every you know, every several years. 0:14:58.920 --> 0:15:01.680 And so our current generation isn't really subscribing to the 0:15:02.320 --> 0:15:06.480 model of sticking with an employer and writing that out 0:15:06.520 --> 0:15:08.120 in the same way that they're not only counting on 0:15:08.160 --> 0:15:11.600 that one employer for their full income. Yes, so it's 0:15:11.640 --> 0:15:13.800 really nice to be able to have like a little 0:15:13.800 --> 0:15:17.000 bit of side income right when you are considering changing jobs, 0:15:17.240 --> 0:15:19.560 when you're maybe ready to jump ship to another employer 0:15:19.640 --> 0:15:21.720 or to another industry altogether, it's kind of nice to 0:15:21.720 --> 0:15:24.480 have some supplemental income from something you do on the side, 0:15:24.720 --> 0:15:27.000 and a side hustle can definitely pay off in that regard. 0:15:27.560 --> 0:15:30.160 Some of the cons though of a side hustle, if 0:15:30.160 --> 0:15:33.200 it's your only thing, right, it can be an unpredictable income. 0:15:33.360 --> 0:15:35.240 Depending on you know what phase where you're at in 0:15:35.280 --> 0:15:37.960 the development of your side hustle, you might be making nothing. 0:15:38.040 --> 0:15:39.800 You might actually be spending a little bit bit of 0:15:39.800 --> 0:15:41.400 money in the beginning in order to kind of get 0:15:41.440 --> 0:15:43.120 that thing up and running. Man, you might be in 0:15:43.160 --> 0:15:46.880 the red, that's right. So it also doesn't have benefits 0:15:46.880 --> 0:15:49.600 like retirement contribution matching in health insurance that you get 0:15:49.600 --> 0:15:52.880 from a traditional employer. Side hustles can also take up 0:15:52.920 --> 0:15:55.960 some time with family and friends, and that can be 0:15:56.000 --> 0:15:59.720 difficult when you're trying to get started and you're still working. 0:15:59.720 --> 0:16:02.520 You're on role forty plus hour a week job, right, 0:16:02.680 --> 0:16:05.600 but you're trying to get this side side hustle started. Well, 0:16:05.640 --> 0:16:07.440 if you've got kids and family and stuff like that, 0:16:07.480 --> 0:16:09.640 it can really kind of take away from the time 0:16:09.680 --> 0:16:11.480 you're able to spend there. So you have to really 0:16:11.480 --> 0:16:13.480 be thoughtful about how you're doing it, how you're going 0:16:13.520 --> 0:16:16.080 about it, and what you're taking away from in your 0:16:16.120 --> 0:16:18.040 normal life. Because, like Matt and I talked about, we 0:16:18.160 --> 0:16:19.680 want you to live a rich to life now, like 0:16:19.760 --> 0:16:21.560 life is not all about work. And so if you 0:16:21.600 --> 0:16:25.280 are working your day job and then maximizing your time 0:16:25.320 --> 0:16:27.520 at night to to make this side hustle happen, well, 0:16:27.520 --> 0:16:28.920 that might be okay if you're young and you don't 0:16:28.920 --> 0:16:30.560 have a family, but but if you're missing out on 0:16:30.600 --> 0:16:33.640 obligations that are really important and meaningful to you and 0:16:33.720 --> 0:16:35.760 why you're doing it. That could lead to some real 0:16:35.760 --> 0:16:39.520 hardships and and a lot of resentment of that side hustle. Dude, 0:16:39.560 --> 0:16:42.360 you know what the solution is, just to start a 0:16:42.400 --> 0:16:46.160 side hustle with your best friend. Yeah, so I gotta 0:16:46.240 --> 0:16:50.200 I gotta figure that out. Who would you do it with? 0:16:50.280 --> 0:16:53.120 Then let's let's little wonder But for real, I mean, 0:16:53.160 --> 0:16:55.480 that's one of the things that we are enjoying with 0:16:55.640 --> 0:16:57.760 doing this podcast. We're getting a little meta here, but 0:16:58.040 --> 0:17:00.040 being able to have somebody that we can kind to 0:17:00.040 --> 0:17:02.840 bounce ideas off of and enjoy a beer while we 0:17:02.840 --> 0:17:05.240 talk about money, you know, our favorite things, makes it 0:17:05.280 --> 0:17:07.600 all that much better. So I completely agree. I would 0:17:07.680 --> 0:17:10.040 I would tell people to do something like a side 0:17:10.080 --> 0:17:11.840 hustle is the perfect thing to do with your best 0:17:11.880 --> 0:17:14.520 friend if you have a similar interest. You guys might 0:17:14.520 --> 0:17:17.160 both see a need in the market somewhere or something 0:17:17.200 --> 0:17:19.520 that you're both into at the same time. You can 0:17:19.600 --> 0:17:22.080 kind of pursue that interest in a way. Whatever your 0:17:22.119 --> 0:17:25.919 interest is together, or your wife or your husband, whatever 0:17:25.960 --> 0:17:28.880 that interest is that you share in common. It's kind 0:17:28.880 --> 0:17:30.919 of fun. Even if it fails right and doesn't make 0:17:30.920 --> 0:17:33.360 you any money. It's fun and you learn something and 0:17:33.440 --> 0:17:35.679 hopefully you have fun together with that person while you're 0:17:35.720 --> 0:17:37.960 doing it. We're having a terrible tie right now, but 0:17:38.080 --> 0:17:39.320 you know, I still think it's a good idea that 0:17:39.320 --> 0:17:43.240