1
00:00:00,200 --> 00:00:02,040
Speaker 1: She's on the Money.

2
00:00:02,160 --> 00:00:13,360
Speaker 2: She's on the Money. Hello, and welcome to She's on

3
00:00:13,440 --> 00:00:16,360
Speaker 2: the Money, the podcast from millennials who want financial freedom.

4
00:00:16,800 --> 00:00:19,400
Speaker 2: Today's episode of the show is brought to you by myob,

5
00:00:19,800 --> 00:00:22,439
Speaker 2: a side hustle's best friend, but more on them later.

6
00:00:23,320 --> 00:00:26,360
Speaker 2: My name is Georgia King, a copywriter and TV assistant

7
00:00:26,360 --> 00:00:28,920
Speaker 2: with some savings but no idea what to do with them.

8
00:00:29,040 --> 00:00:31,160
Speaker 2: Just like last week and the one before that and

9
00:00:31,200 --> 00:00:34,080
Speaker 2: also the one before that, I am joined by Melbourne

10
00:00:34,080 --> 00:00:36,720
Speaker 2: Money with Miss Victoria Devine. Hello Victoria.

11
00:00:36,920 --> 00:00:37,240
Speaker 3: Hello.

12
00:00:37,640 --> 00:00:39,640
Speaker 2: Today's show is for the hustlers out there who have

13
00:00:39,680 --> 00:00:41,360
Speaker 2: side gigs on the go and want to know how

14
00:00:41,360 --> 00:00:44,040
Speaker 2: they can use their proactive side projects to accelerate their

15
00:00:44,040 --> 00:00:47,040
Speaker 2: savings and wealth. But first let's get into this week's

16
00:00:47,080 --> 00:00:49,560
Speaker 2: money wins and confessions. If it's all right with you,

17
00:00:50,120 --> 00:00:52,320
Speaker 2: I'll go first because I'm feeling a little bit guilty,

18
00:00:52,360 --> 00:00:55,200
Speaker 2: a little bit red face, because it happened, happened this week.

19
00:00:55,520 --> 00:00:56,160
Speaker 4: Go go go.

20
00:00:57,680 --> 00:01:00,800
Speaker 2: I got a Mikey, Fine, what do you do doing? Yeah?

21
00:01:00,920 --> 00:01:02,800
Speaker 2: I ran to the tram. I got onto the tram.

22
00:01:02,840 --> 00:01:05,880
Speaker 2: It was before seven am, and for some reason I

23
00:01:05,880 --> 00:01:07,480
Speaker 2: thought that it was free before seven am.

24
00:01:07,600 --> 00:01:10,320
Speaker 4: That's just the trains, though I didn't know that.

25
00:01:10,319 --> 00:01:13,240
Speaker 2: That's what the inspector said to me, so anyway, I

26
00:01:13,319 --> 00:01:15,280
Speaker 2: got whacked with it. I think it was two hundred

27
00:01:15,280 --> 00:01:16,119
Speaker 2: and eighty three dollar five.

28
00:01:16,240 --> 00:01:17,039
Speaker 4: Oh nasty.

29
00:01:17,200 --> 00:01:19,080
Speaker 2: Yeah, should have tapped on all right.

30
00:01:19,080 --> 00:01:21,040
Speaker 3: Well, that's a learning out there for everybody else who

31
00:01:21,080 --> 00:01:23,560
Speaker 3: thinks it's both trains for trams, It is, in fact

32
00:01:23,680 --> 00:01:24,480
Speaker 3: only trains.

33
00:01:24,959 --> 00:01:25,560
Speaker 1: How did you go go?

34
00:01:25,840 --> 00:01:27,720
Speaker 3: I went really well, I actually have a money win

35
00:01:27,760 --> 00:01:30,959
Speaker 3: for you this week. Je Who are you ready? Morgan

36
00:01:31,000 --> 00:01:33,200
Speaker 3: and I usually go to the gym we were with

37
00:01:33,400 --> 00:01:36,479
Speaker 3: f forty five and also had a separate Polarates membership,

38
00:01:36,560 --> 00:01:40,160
Speaker 3: which really expensive, so expensive, but we totally love what

39
00:01:40,240 --> 00:01:43,280
Speaker 3: we do and really liked doing that before work. Anyway,

40
00:01:43,600 --> 00:01:45,720
Speaker 3: we decided to go check out a new gym that

41
00:01:45,760 --> 00:01:49,320
Speaker 3: has opened in our area who oftens functional fitness classes

42
00:01:49,360 --> 00:01:51,919
Speaker 3: at exactly the same time as the forty five class

43
00:01:51,920 --> 00:01:55,960
Speaker 3: we were doing, and has a ripper reformer Polarts studio,

44
00:01:56,400 --> 00:01:58,680
Speaker 3: And we have now signed up and it's thirty dollars

45
00:01:58,720 --> 00:01:59,920
Speaker 3: a week compared.

46
00:01:59,560 --> 00:02:02,000
Speaker 4: To the dollars exactly. How good is that?

47
00:02:02,040 --> 00:02:05,640
Speaker 3: And we get our pilates and our forty five style

48
00:02:05,720 --> 00:02:09,519
Speaker 3: classes in the lucky. Yeah, less than so absolute money

49
00:02:09,560 --> 00:02:12,200
Speaker 3: win from us. Well done, girls, I am all about

50
00:02:12,200 --> 00:02:12,600
Speaker 3: it now.

51
00:02:12,720 --> 00:02:15,480
Speaker 2: As always, it's been a great week for this She's

52
00:02:15,520 --> 00:02:17,959
Speaker 2: on the money community with so many members coming forward

53
00:02:18,000 --> 00:02:20,400
Speaker 2: with their wins. Did anything stick out to you this

54
00:02:20,400 --> 00:02:22,240
Speaker 2: week as being particularly sparkly?

55
00:02:22,480 --> 00:02:26,520
Speaker 3: Yes and no, I have one from Jane. She actually

56
00:02:26,520 --> 00:02:28,320
Speaker 3: wrote in and said that she has a money loss

57
00:02:28,360 --> 00:02:30,320
Speaker 3: to share with us, and I thought that it was

58
00:02:30,360 --> 00:02:34,079
Speaker 3: worth sharing on here because apart from finding it slightly hilarious,

59
00:02:34,440 --> 00:02:37,040
Speaker 3: Sorry Jane, I also thought it was really fun to

60
00:02:37,040 --> 00:02:39,000
Speaker 3: share with the group. She said, I was inspired by

61
00:02:39,000 --> 00:02:40,720
Speaker 3: the podcast to think about a side hustle.

62
00:02:40,880 --> 00:02:41,600
Speaker 4: Yes, Jane go.

63
00:02:42,320 --> 00:02:44,600
Speaker 3: She said she didn't have any talents like music or arts,

64
00:02:44,639 --> 00:02:47,320
Speaker 3: so she responded to an ad for delivering junk mail.

65
00:02:47,520 --> 00:02:49,440
Speaker 3: It didn't say how much it was getting paid, and

66
00:02:49,480 --> 00:02:52,600
Speaker 3: it took her about ten hours over three evenings to

67
00:02:52,639 --> 00:02:55,639
Speaker 3: complete the letter. Drop and guess what she got paid

68
00:02:56,280 --> 00:02:59,560
Speaker 3: forty dollars and that is so hard labor. Whilst I'm

69
00:02:59,560 --> 00:03:02,520
Speaker 3: not she did post this in jest and said I

70
00:03:02,560 --> 00:03:05,400
Speaker 3: politely declined next week and said that it's probably not

71
00:03:05,520 --> 00:03:05,760
Speaker 3: for me.

72
00:03:06,360 --> 00:03:07,760
Speaker 4: She then said her hunt for our.

73
00:03:07,680 --> 00:03:10,080
Speaker 3: Side hustle is continuing, and I think that this is

74
00:03:11,000 --> 00:03:14,239
Speaker 3: kind of a funny money loss because it's not impacting

75
00:03:14,240 --> 00:03:17,120
Speaker 3: her too much, but also a really good learning shoes

76
00:03:17,200 --> 00:03:19,600
Speaker 3: last lesson that maybe if we're going to start a

77
00:03:19,639 --> 00:03:21,760
Speaker 3: side hustle, we should work out first.

78
00:03:21,600 --> 00:03:22,840
Speaker 4: How much we're gonna get paid.

79
00:03:22,880 --> 00:03:24,519
Speaker 2: Absolutely, Oh god.

80
00:03:24,360 --> 00:03:25,760
Speaker 4: Gee, have you got one for us?

81
00:03:25,840 --> 00:03:28,519
Speaker 2: So I had a little scroll and mine is from

82
00:03:28,919 --> 00:03:31,760
Speaker 2: lovely Lydia, who is sharing with us a money win.

83
00:03:32,120 --> 00:03:35,320
Speaker 2: She's written that every Sunday at the market, there's a

84
00:03:35,360 --> 00:03:38,040
Speaker 2: stall that lets you fill a box full of fruit

85
00:03:38,040 --> 00:03:40,040
Speaker 2: and veggies for fifteen dollars, so you can pack it

86
00:03:40,040 --> 00:03:40,440
Speaker 2: full of.

87
00:03:40,360 --> 00:03:42,880
Speaker 3: This, yes, and she uploaded the photo of the box.

88
00:03:42,960 --> 00:03:44,360
Speaker 3: Yeah and yeah, yeah it's massive.

89
00:03:44,520 --> 00:03:45,280
Speaker 4: Yeah.

90
00:03:45,320 --> 00:03:47,080
Speaker 2: So to make this food last because she does get

91
00:03:47,160 --> 00:03:50,640
Speaker 2: quite a bit, she freezes, marinates, or preserves where she

92
00:03:50,680 --> 00:03:51,960
Speaker 2: can to make the most of it.

93
00:03:52,120 --> 00:03:55,120
Speaker 3: So yes, fifteen dollars for a box full of fresh

94
00:03:55,160 --> 00:03:57,320
Speaker 3: fruit and vegetables is an absolute bargain.

95
00:03:57,480 --> 00:03:59,480
Speaker 2: So I am all about that, perfect way to start

96
00:03:59,480 --> 00:03:59,840
Speaker 2: your week.

97
00:04:00,080 --> 00:04:00,640
Speaker 4: That'szy.

98
00:04:01,440 --> 00:04:05,280
Speaker 2: Now it's into today's main chat. Side hustling. So many

99
00:04:05,280 --> 00:04:07,720
Speaker 2: people seem to have side gigs going on, be it

100
00:04:07,880 --> 00:04:13,320
Speaker 2: jewelry making, yoga, instructing, candle making, pet sitting, babysitting, dog walking,

101
00:04:13,360 --> 00:04:16,400
Speaker 2: instant influencing, podcasting, all the so many.

102
00:04:16,279 --> 00:04:17,760
Speaker 4: Things we get the gist.

103
00:04:18,279 --> 00:04:21,279
Speaker 2: Recent figures showed that more than one million Aussies have

104
00:04:21,360 --> 00:04:24,200
Speaker 2: their own side hustles in addition to their usual full

105
00:04:24,200 --> 00:04:26,760
Speaker 2: time jobs vib Why do you think we're seeing such

106
00:04:26,800 --> 00:04:28,599
Speaker 2: a rise in side hustles at the moment?

107
00:04:28,920 --> 00:04:31,000
Speaker 3: I think we're in a position where we all have

108
00:04:31,120 --> 00:04:33,800
Speaker 3: so much more opportunity because we are able to see

109
00:04:33,880 --> 00:04:37,080
Speaker 3: the opportunities that other people are uptaking. Before the rise

110
00:04:37,120 --> 00:04:39,080
Speaker 3: of social media, I don't think that there was the

111
00:04:39,120 --> 00:04:42,520
Speaker 3: clarity around what we are actually capable of and seeing

112
00:04:42,600 --> 00:04:45,200
Speaker 3: other people do things and thinking, ah, I could do that,

113
00:04:45,200 --> 00:04:47,359
Speaker 3: that doesn't seem so hard, or I could you know,

114
00:04:47,520 --> 00:04:47,960
Speaker 3: pet sit?

115
00:04:48,360 --> 00:04:49,640
Speaker 4: And I also think.

116
00:04:49,400 --> 00:04:51,479
Speaker 3: That it's a lot easier to have a side hustle

117
00:04:51,520 --> 00:04:54,159
Speaker 3: because we're able to connect far easier now than we

118
00:04:54,200 --> 00:04:57,719
Speaker 3: could ever before. So things like uber pet sitting, selling candles,

119
00:04:57,760 --> 00:05:01,479
Speaker 3: online babysitting are all increase because we have those online

120
00:05:01,480 --> 00:05:03,880
Speaker 3: platforms that actually connect us to the people who need

121
00:05:03,920 --> 00:05:07,000
Speaker 3: those services, Whereas previously it would be about posting an

122
00:05:07,000 --> 00:05:09,640
Speaker 3: ad in the paper and hoping someone saw it. I'm

123
00:05:09,720 --> 00:05:13,080
Speaker 3: actually really excited about this topic because we recently did

124
00:05:13,080 --> 00:05:16,080
Speaker 3: their She's on the Money community survey. We had twenty

125
00:05:16,200 --> 00:05:20,279
Speaker 3: seven hundred responses and ge it turns out that twenty

126
00:05:20,279 --> 00:05:22,640
Speaker 3: percent of all She's on the Money community members that

127
00:05:22,680 --> 00:05:24,240
Speaker 3: responded have a side hustle.

128
00:05:24,720 --> 00:05:27,239
Speaker 2: What other reasons would you say, Like, maybe rising costs

129
00:05:27,279 --> 00:05:29,360
Speaker 2: of living would be a good example of.

130
00:05:29,680 --> 00:05:31,560
Speaker 3: Yeah, I think rising cost of living is a really

131
00:05:31,600 --> 00:05:34,680
Speaker 3: good one. Actually, g people need that extra bit of income,

132
00:05:34,839 --> 00:05:36,960
Speaker 3: especially when we are living in a city. It is

133
00:05:37,040 --> 00:05:40,360
Speaker 3: so expensive rent, if you've got a mortgage on top

134
00:05:40,400 --> 00:05:43,680
Speaker 3: of rent, if you are grocery shopping, it is so much.

135
00:05:43,560 --> 00:05:45,000
Speaker 4: More expensive than it used to be.

136
00:05:45,400 --> 00:05:47,760
Speaker 3: And side hustling is a really good way to bring

137
00:05:47,800 --> 00:05:52,279
Speaker 3: in that extra income and support yourself financially through a

138
00:05:52,320 --> 00:05:54,320
Speaker 3: time that maybe you aren't able to.

139
00:05:54,279 --> 00:05:56,279
Speaker 4: Support yourself to the capacity you would want to.

140
00:05:56,480 --> 00:05:58,640
Speaker 3: And in saying that, I also think it's a really

141
00:05:58,640 --> 00:06:01,520
Speaker 3: good way for people to tell out a job that

142
00:06:01,560 --> 00:06:05,400
Speaker 3: they potentially might like but don't want to commit full

143
00:06:05,440 --> 00:06:07,919
Speaker 3: time to jumping over to another full time job. So

144
00:06:07,960 --> 00:06:10,520
Speaker 3: side hustling gives you that experience.

145
00:06:10,120 --> 00:06:12,440
Speaker 4: Without the risk associated.

146
00:06:11,920 --> 00:06:14,760
Speaker 2: Obviously be it will vary from hustle to hustle, But

147
00:06:15,000 --> 00:06:18,680
Speaker 2: for those considering starting a little side business, what things

148
00:06:18,720 --> 00:06:20,400
Speaker 2: would you say they need to be mindful of before

149
00:06:20,400 --> 00:06:21,680
Speaker 2: diving right on in there?

150
00:06:21,920 --> 00:06:23,080
Speaker 4: There's a fair few things.

151
00:06:23,200 --> 00:06:25,320
Speaker 3: I mean, I think side hustle is a really exciting

152
00:06:25,400 --> 00:06:27,720
Speaker 3: thing to start, But the first thing that I'd want

153
00:06:27,760 --> 00:06:30,440
Speaker 3: you to consider is your work life balance. Is this

154
00:06:30,800 --> 00:06:33,599
Speaker 3: side hustle going to take over all your free time?

155
00:06:33,920 --> 00:06:36,160
Speaker 3: And if it is, is that something you want to

156
00:06:36,240 --> 00:06:38,920
Speaker 3: actually happen. Can you actually fit this in with full

157
00:06:38,960 --> 00:06:41,800
Speaker 3: time work? Is that going to impact your capacity to

158
00:06:41,960 --> 00:06:44,760
Speaker 3: perform at your full time job? And is it going

159
00:06:44,800 --> 00:06:46,839
Speaker 3: to impact your capacity to hang out with your friends

160
00:06:47,000 --> 00:06:49,800
Speaker 3: or see your partner or go and see your family.

161
00:06:50,040 --> 00:06:51,960
Speaker 3: So I think these things need to be taken into

162
00:06:51,960 --> 00:06:54,680
Speaker 3: consideration before you do that. But on the flip side

163
00:06:54,680 --> 00:06:57,679
Speaker 3: of that, that's often why people are starting side hustles.

164
00:06:57,720 --> 00:06:59,279
Speaker 4: It's to provide more for their.

165
00:06:59,120 --> 00:07:02,359
Speaker 3: Families, see the friends more, and actually have something that

166
00:07:02,400 --> 00:07:04,560
Speaker 3: they really like in their lives. I also think it's

167
00:07:04,600 --> 00:07:07,359
Speaker 3: really important to work out why you're doing it, Like,

168
00:07:07,480 --> 00:07:10,320
Speaker 3: what's the reason are you doing this for additional income?

169
00:07:10,520 --> 00:07:13,680
Speaker 3: If so, maybe pick a side hustle that's more aligned

170
00:07:13,760 --> 00:07:17,000
Speaker 3: to that additional income, or are you really passionate about

171
00:07:17,120 --> 00:07:20,040
Speaker 3: candle making like you mentioned before, G I think if

172
00:07:20,080 --> 00:07:22,480
Speaker 3: you think that that's a really beautiful thing and you

173
00:07:22,520 --> 00:07:25,240
Speaker 3: could commercialize it in a way that people are going

174
00:07:25,280 --> 00:07:28,000
Speaker 3: to purchase your product, and you are really passionate about it,

175
00:07:28,280 --> 00:07:30,680
Speaker 3: like where is your drive coming from and what does

176
00:07:30,680 --> 00:07:34,000
Speaker 3: that actually look like for your future business? Because if

177
00:07:34,040 --> 00:07:36,720
Speaker 3: your intention with a side hustle is to start it

178
00:07:36,720 --> 00:07:41,120
Speaker 3: for additional revenue, maybe an all organic soy candle business

179
00:07:41,240 --> 00:07:44,400
Speaker 3: that only users pure essential oils is not the best

180
00:07:44,440 --> 00:07:47,520
Speaker 3: way to make money if you don't want to put

181
00:07:47,520 --> 00:07:49,720
Speaker 3: the time and energy into branding and marketing that because

182
00:07:49,720 --> 00:07:52,680
Speaker 3: obviously the cost of those materials is far higher than

183
00:07:52,720 --> 00:07:54,760
Speaker 3: the cost of doing something else. So I think it's

184
00:07:54,800 --> 00:07:57,400
Speaker 3: about just working out why you're doing what you're doing

185
00:07:57,720 --> 00:08:00,960
Speaker 3: and then to overlay that. You guys have a million times,

186
00:08:01,000 --> 00:08:03,560
Speaker 3: but does it align to your values? Is this something

187
00:08:03,600 --> 00:08:05,880
Speaker 3: that you actually want to do over the long term,

188
00:08:06,240 --> 00:08:07,840
Speaker 3: and are you going to sustain it?

189
00:08:07,920 --> 00:08:11,200
Speaker 2: For me doing my side hustle of this podcast and

190
00:08:11,440 --> 00:08:15,680
Speaker 2: my copywriting as a freelancer, it's important that the work

191
00:08:15,720 --> 00:08:19,680
Speaker 2: really aligns with my values and contributing creatively in the

192
00:08:19,720 --> 00:08:22,440
Speaker 2: media space is very important to me. That's what I'm

193
00:08:22,480 --> 00:08:24,680
Speaker 2: quite passionate about. So I hope she's on the money also,

194
00:08:26,000 --> 00:08:28,080
Speaker 2: that's a big part of it. Yeah, Ensuring that those

195
00:08:28,160 --> 00:08:31,120
Speaker 2: values align means that you're not going to get seven

196
00:08:31,160 --> 00:08:33,960
Speaker 2: weeks into your little side hustle and then loose all steam,

197
00:08:34,640 --> 00:08:36,880
Speaker 2: you know, and then feel deflated in yourself as well.

198
00:08:36,960 --> 00:08:39,680
Speaker 3: I also think it's really important to point out here

199
00:08:40,000 --> 00:08:42,200
Speaker 3: if you start a side hustle, it doesn't have to

200
00:08:42,240 --> 00:08:44,880
Speaker 3: be the thing that overtakes your full time job. I

201
00:08:44,880 --> 00:08:47,320
Speaker 3: think in this age of the entrepreneur, you're in a

202
00:08:47,320 --> 00:08:50,360
Speaker 3: position where often people say, I've started this side hustle,

203
00:08:50,400 --> 00:08:53,480
Speaker 3: and there's this expectation that you're going to grow this

204
00:08:53,559 --> 00:08:56,920
Speaker 3: side hustle to a size that it can overtake your

205
00:08:56,920 --> 00:08:59,720
Speaker 3: full time job. I don't think that that should be it.

206
00:08:59,760 --> 00:09:02,240
Speaker 3: I think we should be celebrating that people are bringing

207
00:09:02,240 --> 00:09:05,400
Speaker 3: in additional revenue, and if your side hustle turns into

208
00:09:05,400 --> 00:09:08,959
Speaker 3: a big business, amazing, fantastic, I'm so excited for you.

209
00:09:09,400 --> 00:09:12,040
Speaker 3: But often people who do side hustles do it because

210
00:09:12,040 --> 00:09:14,679
Speaker 3: they're supplementing a full time income. So that they can

211
00:09:14,720 --> 00:09:17,040
Speaker 3: create a lifestyle for themselves, and that's amazing.

212
00:09:17,440 --> 00:09:19,800
Speaker 2: So we've got lots of stuff now to consider before

213
00:09:19,840 --> 00:09:22,600
Speaker 2: we dive in to our side hustle. But what about

214
00:09:22,600 --> 00:09:25,319
Speaker 2: people that have already started their side hustles. Maybe it's

215
00:09:25,360 --> 00:09:28,480
Speaker 2: not going that well. How do they reinvigorate their hustle?

216
00:09:28,840 --> 00:09:30,880
Speaker 4: I think that's a really good question, gee, because I

217
00:09:30,880 --> 00:09:31,199
Speaker 4: think a.

218
00:09:31,120 --> 00:09:34,440
Speaker 3: Lot of people start side hustles and maybe don't structure

219
00:09:34,480 --> 00:09:37,440
Speaker 3: it properly. I know a lot of people often start

220
00:09:37,480 --> 00:09:39,960
Speaker 3: a side hustle with the one bank account, so they

221
00:09:39,960 --> 00:09:43,400
Speaker 3: don't separate their side hustle income from their regular income,

222
00:09:43,480 --> 00:09:45,680
Speaker 3: so they start spending it, but they haven't taken into

223
00:09:45,679 --> 00:09:50,240
Speaker 3: consideration any tax consequences or potential fees that they need

224
00:09:50,280 --> 00:09:52,480
Speaker 3: to pay, so they don't really separate it out and

225
00:09:52,520 --> 00:09:55,280
Speaker 3: budget it. So I think the important thing here is

226
00:09:55,520 --> 00:09:58,800
Speaker 3: separate finances. Put the money from a side hustle into

227
00:09:58,840 --> 00:10:01,480
Speaker 3: a separate bank account. Easy to set up a bank

228
00:10:01,520 --> 00:10:05,040
Speaker 3: account and potentially get a debit card for that as well,

229
00:10:05,160 --> 00:10:07,800
Speaker 3: because then you can put all your transactions in one account.

230
00:10:07,800 --> 00:10:10,480
Speaker 3: So if you're paying for subscriptions or you know, a

231
00:10:10,559 --> 00:10:13,760
Speaker 3: male Chimp subscription, you can put that on there and

232
00:10:13,800 --> 00:10:16,559
Speaker 3: at least have a really clean account that has all

233
00:10:16,600 --> 00:10:19,200
Speaker 3: of your income, all of your expenses, and all your

234
00:10:19,240 --> 00:10:22,680
Speaker 3: transactions in one place, and make the most of your time.

235
00:10:22,880 --> 00:10:25,040
Speaker 3: How long a task taking you? Like, what are you

236
00:10:25,280 --> 00:10:28,400
Speaker 3: doing that you could cut time down on? Are there

237
00:10:28,400 --> 00:10:30,080
Speaker 3: things that you could outsource as well?

238
00:10:30,360 --> 00:10:31,240
Speaker 4: It's like, if you're.

239
00:10:31,160 --> 00:10:34,160
Speaker 3: Doing something and it's taking you ten hours, is there

240
00:10:34,240 --> 00:10:37,559
Speaker 3: someone that would do that task in one hour that

241
00:10:37,600 --> 00:10:40,400
Speaker 3: you could pay fifty dollars to to do that task?

242
00:10:40,800 --> 00:10:43,480
Speaker 3: That then means you have ten free hours to generate

243
00:10:43,520 --> 00:10:46,000
Speaker 3: revenue in your business. So I think we need to

244
00:10:46,080 --> 00:10:48,800
Speaker 3: sometimes spend a little bit of money to make some money,

245
00:10:48,920 --> 00:10:50,880
Speaker 3: but we really need to put a little bit of

246
00:10:50,880 --> 00:10:54,080
Speaker 3: strategy and thaw into those decisions before we make them,

247
00:10:54,120 --> 00:10:56,480
Speaker 3: not just go oh, I'm going to outsource it, because

248
00:10:56,520 --> 00:10:59,280
Speaker 3: that's what good businesses do. It's like, all right, well,

249
00:10:59,280 --> 00:11:01,280
Speaker 3: if you outsource this and you're going to incur this

250
00:11:01,400 --> 00:11:04,040
Speaker 3: cost of fifty or one hundred dollars, how are you

251
00:11:04,080 --> 00:11:06,400
Speaker 3: going to make that back? What does that look like?

252
00:11:06,840 --> 00:11:10,160
Speaker 3: Because to be honest, sometimes it's just worth doing it yourself.

253
00:11:10,400 --> 00:11:13,360
Speaker 2: They're really good points. Victoria, and I guess speaking with

254
00:11:13,400 --> 00:11:15,040
Speaker 2: a lot of my friends who do have the side

255
00:11:15,160 --> 00:11:19,320
Speaker 2: hustle going on, they find it hard to value their skills.

256
00:11:19,360 --> 00:11:22,200
Speaker 2: So establishing what you're worth and what people are willing

257
00:11:22,240 --> 00:11:23,800
Speaker 2: to pay for that, how do you figure that out?

258
00:11:23,920 --> 00:11:28,320
Speaker 3: Stop undervaluing yourself. So many people are doing this. They

259
00:11:28,400 --> 00:11:31,120
Speaker 3: are under charging clients for the work they're doing, or

260
00:11:31,120 --> 00:11:33,960
Speaker 3: they're charging clients what the work is worth, but putting

261
00:11:34,000 --> 00:11:37,680
Speaker 3: too many hours into it and not reassessing those goals

262
00:11:37,760 --> 00:11:39,800
Speaker 3: and having a chat with them about hey, is this

263
00:11:39,840 --> 00:11:41,559
Speaker 3: taking me ten more hours? I'm going to need to

264
00:11:41,640 --> 00:11:44,320
Speaker 3: up my prices or I'm going to need to invoice

265
00:11:44,360 --> 00:11:46,240
Speaker 3: you for this. And I think it is totally fair

266
00:11:46,280 --> 00:11:48,960
Speaker 3: and reasonable to go back to a client and say, hey,

267
00:11:49,240 --> 00:11:51,000
Speaker 3: I did more work on this than I needed to,

268
00:11:51,640 --> 00:11:54,680
Speaker 3: or just make sure that you're really valuing the piece

269
00:11:54,720 --> 00:11:56,959
Speaker 3: of work before you even start. So have a think

270
00:11:56,960 --> 00:11:58,640
Speaker 3: about it. Is this going to take me five hours?

271
00:11:58,679 --> 00:12:00,400
Speaker 3: Is it going to take me ten hours? What does

272
00:12:00,440 --> 00:12:02,880
Speaker 3: that look like? But I think putting a value on

273
00:12:02,920 --> 00:12:05,880
Speaker 3: your work is very very hard, and it's something I

274
00:12:05,920 --> 00:12:08,880
Speaker 3: even struggle with. But I think it's a conversation to

275
00:12:08,880 --> 00:12:09,920
Speaker 3: have with your friends as well.

276
00:12:10,200 --> 00:12:13,080
Speaker 2: I find as well a lot of my friends because

277
00:12:13,080 --> 00:12:15,520
Speaker 2: they're kind of starting out, people will come to them

278
00:12:15,720 --> 00:12:17,200
Speaker 2: and be like, oh, can I have a discount? Like

279
00:12:17,400 --> 00:12:19,440
Speaker 2: kind of family, friends or people that are kind of

280
00:12:19,440 --> 00:12:21,920
Speaker 2: connected to them. How do you say no to that?

281
00:12:21,960 --> 00:12:23,560
Speaker 2: I know it really grinds their gears.

282
00:12:23,720 --> 00:12:27,280
Speaker 3: If your friend has a side hustle and is breaking

283
00:12:27,320 --> 00:12:30,840
Speaker 3: their back doing a whole heap of work to try

284
00:12:30,920 --> 00:12:34,360
Speaker 3: and supplement their income, it's a bit disrespectful to ask

285
00:12:34,360 --> 00:12:36,240
Speaker 3: them for a discount. If you want to support your

286
00:12:36,240 --> 00:12:38,880
Speaker 3: friends who have a side hustle, support them by going

287
00:12:38,920 --> 00:12:42,080
Speaker 3: and buying their product full price. Support them by going

288
00:12:42,160 --> 00:12:44,800
Speaker 3: and showing them that you believe in their product and

289
00:12:44,840 --> 00:12:45,840
Speaker 3: you are promoting them.

290
00:12:45,960 --> 00:12:48,800
Speaker 2: So what about when you're putting a price on your work?

291
00:12:49,040 --> 00:12:50,800
Speaker 2: How do you know how high to go and how

292
00:12:50,880 --> 00:12:53,200
Speaker 2: low to go? I know if you go too low,

293
00:12:53,280 --> 00:12:56,679
Speaker 2: people will think it's cheap and they won't value your

294
00:12:56,679 --> 00:12:59,640
Speaker 2: work for what it's worth. How do you find that medium?

295
00:13:00,160 --> 00:13:03,000
Speaker 3: That's such a behavioral psychology thing, And I'm glad you

296
00:13:03,040 --> 00:13:05,600
Speaker 3: brought it up. Putting a value on your work is

297
00:13:05,640 --> 00:13:07,520
Speaker 3: really important. We all go through the stage where we

298
00:13:07,559 --> 00:13:09,640
Speaker 3: need to prove ourselves, and you do some work that

299
00:13:09,760 --> 00:13:13,679
Speaker 3: is potentially undervalued. But once you get through that initial phase,

300
00:13:13,800 --> 00:13:16,040
Speaker 3: I think putting yourself in a position where you go, no,

301
00:13:16,200 --> 00:13:17,960
Speaker 3: the work that I do is good and it needs

302
00:13:17,960 --> 00:13:20,520
Speaker 3: to be valued means that you're going to find your people.

303
00:13:20,559 --> 00:13:22,079
Speaker 3: You're going to find the people who believe in the

304
00:13:22,160 --> 00:13:26,400
Speaker 3: value that you have and they are able to reciprocate that.

305
00:13:26,720 --> 00:13:27,640
Speaker 4: So you create the.

306
00:13:27,600 --> 00:13:30,320
Speaker 3: Community of people that you want instead of having a

307
00:13:30,320 --> 00:13:33,560
Speaker 3: community of people that just don't see your value. So

308
00:13:33,600 --> 00:13:36,200
Speaker 3: I think it's really important to also pick the people

309
00:13:36,240 --> 00:13:39,200
Speaker 3: that you're marketing to. It's important to pick the people

310
00:13:39,240 --> 00:13:41,800
Speaker 3: that you are trying to get to engage with your product.

311
00:13:42,320 --> 00:13:44,559
Speaker 4: What do they look like? How does that work?

312
00:13:44,600 --> 00:13:46,800
Speaker 3: You know, if you want to be a dog walker

313
00:13:46,840 --> 00:13:49,400
Speaker 3: and you want to charge a premium, well, what type

314
00:13:49,400 --> 00:13:52,040
Speaker 3: of person are you looking for and what is that

315
00:13:52,120 --> 00:13:54,760
Speaker 3: service that they would expect in return? Because I'm telling

316
00:13:54,760 --> 00:13:57,840
Speaker 3: you right now, it's more than the cheaper dog walkers.

317
00:13:57,880 --> 00:14:00,200
Speaker 3: So where is that value going to come from? And

318
00:14:00,280 --> 00:14:02,480
Speaker 3: how do you help them to see that? Now?

319
00:14:02,600 --> 00:14:05,240
Speaker 2: VI we touched on GSD before, made my skin crawl

320
00:14:05,320 --> 00:14:07,920
Speaker 2: feeling a little bit sick about it because I don't understand.

321
00:14:08,960 --> 00:14:11,240
Speaker 2: Can you talk to me from it. Talk to me

322
00:14:11,240 --> 00:14:12,800
Speaker 2: about tax and what we need to consider.

323
00:14:13,040 --> 00:14:14,559
Speaker 1: Do we need ABMs?

324
00:14:14,240 --> 00:14:17,440
Speaker 2: What else do I need? Tell me the things? Wise, lady,

325
00:14:17,600 --> 00:14:18,800
Speaker 2: all right, Wise, lady G.

326
00:14:20,680 --> 00:14:22,840
Speaker 3: I know you probably don't want to hear this, but

327
00:14:23,400 --> 00:14:25,320
Speaker 3: if you've got a side hustle, you do have to

328
00:14:25,360 --> 00:14:28,600
Speaker 3: be paying tax. And yeah, I'm sorry. A side hustle

329
00:14:28,800 --> 00:14:32,520
Speaker 3: is actually an activity where you are generating business income,

330
00:14:32,840 --> 00:14:35,800
Speaker 3: so you do need to pay tax on this.

331
00:14:36,080 --> 00:14:38,200
Speaker 2: Do you need to be earning a certain amount to

332
00:14:38,400 --> 00:14:40,600
Speaker 2: have to pay tax? How does that work technically? But

333
00:14:40,760 --> 00:14:42,880
Speaker 2: all your business income actually needs to be declared to

334
00:14:42,920 --> 00:14:45,240
Speaker 2: the ATO. Whether you end up paying tax or not

335
00:14:45,400 --> 00:14:47,800
Speaker 2: is a different story based on how much revenue you're

336
00:14:47,840 --> 00:14:51,800
Speaker 2: generating in addition to your full time job. But I'm

337
00:14:51,840 --> 00:14:54,960
Speaker 2: going to preface this conversation really quickly with that I'm

338
00:14:55,000 --> 00:14:58,320
Speaker 2: not a tax professional, I'm not an accountant, but I

339
00:14:58,360 --> 00:15:01,560
Speaker 2: do know that you need to be declaring all your

340
00:15:01,600 --> 00:15:04,760
Speaker 2: income and that means registering your business as soon as

341
00:15:04,760 --> 00:15:07,480
Speaker 2: you start it with the ATO and making sure that's

342
00:15:07,520 --> 00:15:10,360
Speaker 2: all up and running. And one thing I would say

343
00:15:10,520 --> 00:15:12,840
Speaker 2: is do your research work out how much money you

344
00:15:12,920 --> 00:15:15,440
Speaker 2: need to be putting aside for tax, because the worst

345
00:15:15,520 --> 00:15:17,800
Speaker 2: thing that can happen is you start a side hustle

346
00:15:17,840 --> 00:15:20,320
Speaker 2: and you're like, sweet, I've got all this additional money

347
00:15:20,320 --> 00:15:23,560
Speaker 2: coming in, start living your best life. And then comes

348
00:15:23,640 --> 00:15:25,360
Speaker 2: June thirty, which, by.

349
00:15:25,280 --> 00:15:26,240
Speaker 4: The way, is my birthday.

350
00:15:26,320 --> 00:15:30,000
Speaker 3: Great day, let's try change the perception. But I think

351
00:15:30,040 --> 00:15:32,520
Speaker 3: it's really important to then not get stung at tax

352
00:15:32,600 --> 00:15:35,240
Speaker 3: time with a big tax bill that you no longer

353
00:15:35,280 --> 00:15:36,320
Speaker 3: have that cash to pay.

354
00:15:36,640 --> 00:15:39,080
Speaker 2: So vee, does this tie into the separate bank accounts thing?

355
00:15:39,120 --> 00:15:40,680
Speaker 2: Is that going to make this easier? Because yeah, it's

356
00:15:40,680 --> 00:15:41,800
Speaker 2: going to bum it on the microphone.

357
00:15:42,360 --> 00:15:44,760
Speaker 4: Sorry, you are being incredibly dramatic.

358
00:15:44,360 --> 00:15:48,440
Speaker 3: For this episode. You are absolutely correct. It does make

359
00:15:48,520 --> 00:15:51,320
Speaker 3: everything clearer. Having a bank account that just has a

360
00:15:51,320 --> 00:15:54,320
Speaker 3: list of your expenses and a list of your income.

361
00:15:54,440 --> 00:15:56,240
Speaker 3: It's going to mean that you know what you need

362
00:15:56,280 --> 00:15:58,560
Speaker 3: to be taking out for tax and reserving. And you

363
00:15:58,600 --> 00:16:01,600
Speaker 3: could potentially have a separate bank account where you put

364
00:16:01,640 --> 00:16:04,360
Speaker 3: the money that you're putting aside for tax once you

365
00:16:04,440 --> 00:16:06,720
Speaker 3: work out how much tax you need to be paying

366
00:16:06,760 --> 00:16:07,240
Speaker 3: each year.

367
00:16:07,560 --> 00:16:11,080
Speaker 2: Are you free after this because I'm going to need that.

368
00:16:11,440 --> 00:16:11,800
Speaker 4: I am.

369
00:16:11,920 --> 00:16:19,160
Speaker 2: If you like a coffee, please here for it. And

370
00:16:19,280 --> 00:16:21,880
Speaker 2: now a quick chat about the sponsors of today's Sad

371
00:16:21,960 --> 00:16:25,240
Speaker 2: Hustland show. Myob, as I mentioned at the top of

372
00:16:25,280 --> 00:16:28,800
Speaker 2: the pod, Nyob is a sad hustling stream. To put

373
00:16:28,840 --> 00:16:31,360
Speaker 2: it simply, yob take care of the boring bits of

374
00:16:31,440 --> 00:16:35,360
Speaker 2: business like accounting and expense tracking. No offense of course,

375
00:16:35,400 --> 00:16:37,720
Speaker 2: to the lovely accountants out there listening, so that you

376
00:16:37,720 --> 00:16:39,680
Speaker 2: can focus on the parts of your venture that you're

377
00:16:39,720 --> 00:16:40,760
Speaker 2: the most passionate about.

378
00:16:40,920 --> 00:16:44,720
Speaker 3: Moyob's cloud based accounting software makes managing your business easier.

379
00:16:45,080 --> 00:16:48,400
Speaker 3: You can access your accounts with moyob anywhere, anytime.

380
00:16:48,600 --> 00:16:50,080
Speaker 4: Plus, with great apps.

381
00:16:49,800 --> 00:16:52,400
Speaker 3: Like receipt Capture, you can spend more time running your

382
00:16:52,440 --> 00:16:54,840
Speaker 3: business instead of on the books or crying into your

383
00:16:54,840 --> 00:16:56,720
Speaker 3: coffee because you've made a mess of the book work

384
00:16:56,760 --> 00:16:58,120
Speaker 3: by doing it the old fashioned way.

385
00:16:58,200 --> 00:17:00,000
Speaker 2: Don't want to be crying into our coffeev That would

386
00:17:00,080 --> 00:17:03,920
Speaker 2: be a waste of a last Another great perk that

387
00:17:04,040 --> 00:17:07,560
Speaker 2: thousands of ouzzy businesses are already loving is that moyob

388
00:17:07,920 --> 00:17:11,000
Speaker 2: help out with the tedious process of invoicing, allowing you

389
00:17:11,080 --> 00:17:13,720
Speaker 2: to easily keep track of sales and expenses with just

390
00:17:13,760 --> 00:17:14,639
Speaker 2: the click of a button.

391
00:17:14,840 --> 00:17:17,120
Speaker 3: We've only really just scratched the surface of the many

392
00:17:17,119 --> 00:17:20,120
Speaker 3: capabilities of the platform today g so to find out

393
00:17:20,119 --> 00:17:22,840
Speaker 3: more about how moyob can help with your side hustle,

394
00:17:23,040 --> 00:17:24,720
Speaker 3: visit moyob dot.

395
00:17:24,480 --> 00:17:27,320
Speaker 2: Com and make sure you check your inbox for this

396
00:17:27,359 --> 00:17:29,879
Speaker 2: week's She's on the Money newsletter, where you'll find a

397
00:17:29,920 --> 00:17:33,000
Speaker 2: special offer from moyob that will help you smash your

398
00:17:33,080 --> 00:17:36,160
Speaker 2: twenty twenty business goals. I bet, just for a moment there,

399
00:17:36,280 --> 00:17:38,399
Speaker 2: you thought I was going to introduce the listener question.

400
00:17:38,720 --> 00:17:43,120
Speaker 2: Alas that's not happening this week. We're not always that predictable, guys.

401
00:17:43,480 --> 00:17:46,080
Speaker 2: Instead of our listener question and our money diary, Victoria

402
00:17:46,160 --> 00:17:48,119
Speaker 2: sat down to chat side hustles with a friend. You

403
00:17:48,160 --> 00:17:50,879
Speaker 2: may already be familiar with, the fabulous Emma from the

404
00:17:50,880 --> 00:17:51,600
Speaker 2: Broke Generation.

405
00:17:51,840 --> 00:17:53,040
Speaker 4: Where'd you start? Why?

406
00:17:53,160 --> 00:17:53,800
Speaker 1: When? Where?

407
00:17:53,880 --> 00:17:54,200
Speaker 4: How?

408
00:17:55,160 --> 00:17:55,560
Speaker 1: Okay?

409
00:17:55,600 --> 00:17:57,280
Speaker 5: I've kind of always been a bit of a side

410
00:17:57,440 --> 00:18:01,879
Speaker 5: hustler way back of like high school and UNI. I

411
00:18:01,920 --> 00:18:05,760
Speaker 5: would sort of sell my clothes on eBay and stuff

412
00:18:05,760 --> 00:18:08,560
Speaker 5: because eBay in the UK is like quite lucrative. Then

413
00:18:08,600 --> 00:18:11,400
Speaker 5: it kind of progressed into me having quite a good

414
00:18:11,400 --> 00:18:13,520
Speaker 5: eye for things that would sell really well, sort of

415
00:18:13,520 --> 00:18:15,800
Speaker 5: back before there was online shopping, which makes me sound

416
00:18:15,800 --> 00:18:17,359
Speaker 5: one hundred years old there was kind of a bit

417
00:18:17,359 --> 00:18:19,800
Speaker 5: of a culture of if something was seen on the

418
00:18:19,880 --> 00:18:23,440
Speaker 5: very early iterations of bloggers or in like Cosmopology and magazine,

419
00:18:23,480 --> 00:18:25,959
Speaker 5: it would sell out really quickly. So I would kind

420
00:18:25,960 --> 00:18:27,560
Speaker 5: of have a good eye for what those things were

421
00:18:27,640 --> 00:18:29,200
Speaker 5: and then buy them and then sell them on eBay

422
00:18:29,200 --> 00:18:31,720
Speaker 5: when people would pay like double for them. Very I

423
00:18:31,840 --> 00:18:35,480
Speaker 5: kind of wish I pursued that, but I didn't. You

424
00:18:35,480 --> 00:18:40,640
Speaker 5: had been like a designer buyer ip me. But then

425
00:18:41,320 --> 00:18:43,439
Speaker 5: I kind of stopped start tustling for a while and

426
00:18:43,520 --> 00:18:45,280
Speaker 5: then got really back into it when I moved to

427
00:18:45,280 --> 00:18:47,280
Speaker 5: Australia when I was twenty two, so five years ago,

428
00:18:47,720 --> 00:18:51,960
Speaker 5: and I started doing freelance writing just purely kind of

429
00:18:52,000 --> 00:18:54,280
Speaker 5: started because I needed to get a full time job

430
00:18:54,400 --> 00:18:56,520
Speaker 5: and I just needed to kind of get some connections

431
00:18:56,520 --> 00:18:59,440
Speaker 5: with some agencies. So I started freelancing there and then

432
00:18:59,600 --> 00:19:01,719
Speaker 5: got jobs from that and kind of dipped in and

433
00:19:01,720 --> 00:19:03,760
Speaker 5: out of freelancing, and that was like my main side hustle.

434
00:19:03,880 --> 00:19:06,400
Speaker 5: So I would write website copy, blog copy, that type

435
00:19:06,440 --> 00:19:09,919
Speaker 5: of thing, and then now I've moved more into obviously

436
00:19:09,960 --> 00:19:12,320
Speaker 5: half the blog. A couple of years ago, I started

437
00:19:12,320 --> 00:19:16,320
Speaker 5: doing cat sitting, so I go to homes, good to

438
00:19:16,359 --> 00:19:17,280
Speaker 5: the homes, feed their cats.

439
00:19:17,119 --> 00:19:17,920
Speaker 1: While there on holiday.

440
00:19:18,760 --> 00:19:19,520
Speaker 4: I'm all for it.

441
00:19:19,600 --> 00:19:21,280
Speaker 3: I did so wish I'd known that that could have

442
00:19:21,320 --> 00:19:23,919
Speaker 3: been a job for me before I started doing money.

443
00:19:24,160 --> 00:19:25,280
Speaker 1: But so great.

444
00:19:25,880 --> 00:19:27,280
Speaker 5: One of the best clients in the world because they

445
00:19:27,320 --> 00:19:33,080
Speaker 5: can't speak. And then I also sell secondhand clothes on

446
00:19:33,119 --> 00:19:36,200
Speaker 5: my Instagram account called midsized Thrift so for mid size

447
00:19:36,240 --> 00:19:38,919
Speaker 5: gals size like twelve to sixteen. So I find stuff

448
00:19:38,960 --> 00:19:40,359
Speaker 5: in markets and thrift shops.

449
00:19:40,720 --> 00:19:43,720
Speaker 3: Yeah, and you blog about that too, right about going

450
00:19:43,720 --> 00:19:45,679
Speaker 3: to the op shops and picking up things and like

451
00:19:45,840 --> 00:19:48,560
Speaker 3: what around Melbourne is a good place to pick up

452
00:19:48,560 --> 00:19:49,000
Speaker 3: a bug in?

453
00:19:49,080 --> 00:19:50,640
Speaker 4: Right? Yes, amazing?

454
00:19:50,720 --> 00:19:51,240
Speaker 1: I love it.

455
00:19:51,400 --> 00:19:53,919
Speaker 3: Can you tell me a little bit more about how

456
00:19:53,960 --> 00:19:56,359
Speaker 3: you got into freelancing? So, but like where did you start?

457
00:19:56,359 --> 00:19:58,680
Speaker 3: Did you advertise online? How did you find your first

458
00:19:58,680 --> 00:19:59,960
Speaker 3: clients to freelance too?

459
00:20:00,000 --> 00:20:02,440
Speaker 5: I've pretty much got where I am because of sending

460
00:20:02,680 --> 00:20:06,040
Speaker 5: a shitload of cold emails, also using platforms like it

461
00:20:06,119 --> 00:20:08,720
Speaker 5: used to be called oDesk but now it's called upwork.

462
00:20:09,359 --> 00:20:11,440
Speaker 5: Oh yeah, get a copyright dot com. So I've been

463
00:20:11,560 --> 00:20:15,560
Speaker 5: sort of blogging and contributing to really early iterations of

464
00:20:15,600 --> 00:20:18,919
Speaker 5: blogs and online magazines I suppose, which was obviously unpaid

465
00:20:19,000 --> 00:20:21,400
Speaker 5: kind of online internships type thing. And then from there

466
00:20:21,440 --> 00:20:24,080
Speaker 5: I started getting some paid work through platforms like upwork

467
00:20:24,119 --> 00:20:26,400
Speaker 5: and things like that. The income started really really low,

468
00:20:26,920 --> 00:20:28,000
Speaker 5: like twenty dollars a month.

469
00:20:28,080 --> 00:20:30,720
Speaker 3: Yeah, we were speaking before this interview and you were saying,

470
00:20:30,920 --> 00:20:32,879
Speaker 3: you always have to start low because you've got to

471
00:20:32,960 --> 00:20:33,800
Speaker 3: prove yourself.

472
00:20:34,040 --> 00:20:36,000
Speaker 4: But like, what does that journey look like.

473
00:20:36,119 --> 00:20:38,400
Speaker 5: Yeah, it's a really difficult journey because at the beginning,

474
00:20:38,560 --> 00:20:41,240
Speaker 5: even though I don't believe anybody should work unpaid, unfortunately

475
00:20:41,240 --> 00:20:43,360
Speaker 5: we live in a world where you have to do

476
00:20:43,400 --> 00:20:46,320
Speaker 5: things to get opportunities. So if you can do stuff

477
00:20:46,320 --> 00:20:48,400
Speaker 5: for free or for very little money, it does help

478
00:20:48,400 --> 00:20:50,920
Speaker 5: you build up a portfolio. You have to start really low,

479
00:20:51,040 --> 00:20:53,640
Speaker 5: and then at that point when you are starting to charge,

480
00:20:53,800 --> 00:20:56,720
Speaker 5: you kind of want to go lobal because you want

481
00:20:56,720 --> 00:20:58,679
Speaker 5: the work. Especially if it's like a client that you

482
00:20:58,800 --> 00:21:00,760
Speaker 5: really really want to work with, you are going to

483
00:21:00,840 --> 00:21:02,760
Speaker 5: go low so that you get it, especially.

484
00:21:02,480 --> 00:21:04,359
Speaker 3: If you want that sitting on your portfolio so you

485
00:21:04,359 --> 00:21:05,400
Speaker 3: can say you worked with them.

486
00:21:05,359 --> 00:21:06,200
Speaker 1: Right exactly.

487
00:21:06,280 --> 00:21:08,840
Speaker 5: So it's really balancing the value that they're giving to

488
00:21:08,840 --> 00:21:11,240
Speaker 5: you that isn't money. So if it's a big client

489
00:21:11,320 --> 00:21:13,639
Speaker 5: and they've mentioned possibly future work, or you think there

490
00:21:13,680 --> 00:21:16,000
Speaker 5: could be referral opportunities, or it's really really what you

491
00:21:16,040 --> 00:21:17,080
Speaker 5: want and you know you're going to be able to

492
00:21:17,119 --> 00:21:19,840
Speaker 5: leverage it to get other work, then going low. I

493
00:21:19,840 --> 00:21:22,440
Speaker 5: would still go low now if I had the right opportunity,

494
00:21:22,560 --> 00:21:24,359
Speaker 5: and I've been doing this for like eight nine years.

495
00:21:24,480 --> 00:21:27,560
Speaker 5: The difficult part is when you get good at what

496
00:21:27,560 --> 00:21:30,000
Speaker 5: you're doing and you can charge more, but you are

497
00:21:30,000 --> 00:21:31,680
Speaker 5: scared to charge more because you're scared that the work

498
00:21:31,680 --> 00:21:34,160
Speaker 5: will go away. But it doesn't happen all that often,

499
00:21:34,200 --> 00:21:36,600
Speaker 5: and you do need to know you're worth because ultimately

500
00:21:36,600 --> 00:21:38,960
Speaker 5: your time gets more expensive as you get more experienced.

501
00:21:39,000 --> 00:21:41,320
Speaker 5: So even if you're thinking, oh, well, I might as

502
00:21:41,359 --> 00:21:44,040
Speaker 5: well do it for two hundred bucks because I'd rather

503
00:21:44,080 --> 00:21:45,280
Speaker 5: do it for two hundred than not to do it

504
00:21:45,280 --> 00:21:47,480
Speaker 5: for four hundred, Yeah, you need to be quite self

505
00:21:47,480 --> 00:21:48,960
Speaker 5: aware of when that stops being true.

506
00:21:49,000 --> 00:21:53,040
Speaker 3: Personally, when I'm increasing my prices in my business because

507
00:21:53,040 --> 00:21:54,679
Speaker 3: I know that what I'm putting on the table is

508
00:21:54,720 --> 00:21:57,400
Speaker 3: now more valuable. It's very easy with new clients because

509
00:21:57,400 --> 00:22:00,159
Speaker 3: you give them a clean quote and they go, well.

510
00:22:00,160 --> 00:22:00,960
Speaker 4: That makes sense.

511
00:22:01,400 --> 00:22:05,880
Speaker 3: How have you renegotiated payment terms with clients who got

512
00:22:05,880 --> 00:22:08,040
Speaker 3: you at that start point where they were paying you

513
00:22:08,080 --> 00:22:10,400
Speaker 3: twenty dollars an article and now you're worth seventy five

514
00:22:10,440 --> 00:22:12,720
Speaker 3: dollars an hour, Like what does that journey look like?

515
00:22:13,520 --> 00:22:15,760
Speaker 5: Yeah, that was a really difficult aspect of it. I've

516
00:22:15,760 --> 00:22:18,119
Speaker 5: recently had to do it for my pet sitting clients

517
00:22:18,160 --> 00:22:21,040
Speaker 5: because again I went in really lobal because you're entering

518
00:22:21,080 --> 00:22:26,480
Speaker 5: somebody's home when they're not there. Don't trust you stuff, right, Yeah,

519
00:22:26,680 --> 00:22:28,400
Speaker 5: So I just had to raise my rates for that,

520
00:22:28,440 --> 00:22:30,399
Speaker 5: and it was because of you know, public transport goes

521
00:22:30,480 --> 00:22:34,040
Speaker 5: up every year. Petrol's ridiculous. At the moment my car

522
00:22:34,200 --> 00:22:36,439
Speaker 5: is being used more, the rate has to go up,

523
00:22:36,520 --> 00:22:38,359
Speaker 5: and I think it's you've got to be really careful

524
00:22:38,400 --> 00:22:41,040
Speaker 5: that you explain. I kind of drafted the message out

525
00:22:41,040 --> 00:22:43,399
Speaker 5: to my fur families, as I call them, and it

526
00:22:43,480 --> 00:22:45,960
Speaker 5: was like, I'm really sorrychel's gone up and I hope

527
00:22:46,000 --> 00:22:48,360
Speaker 5: you understand. And I was just like, don't be don't

528
00:22:48,400 --> 00:22:51,919
Speaker 5: apologize absolutely, because it's unrealistic for I mean, look at

529
00:22:51,920 --> 00:22:56,120
Speaker 5: metro Metro gets more expensive every year. Like, no, if

530
00:22:56,160 --> 00:22:58,200
Speaker 5: you bought the same kind of soup from the supermarket

531
00:22:58,200 --> 00:23:00,960
Speaker 5: every year it would go up because that's what so

532
00:23:01,440 --> 00:23:03,960
Speaker 5: I haven't raised my rates for them since the very beginning,

533
00:23:03,960 --> 00:23:06,040
Speaker 5: which was two and a half years ago, and you

534
00:23:06,160 --> 00:23:07,840
Speaker 5: just have to go in and say that it's factual

535
00:23:08,000 --> 00:23:11,080
Speaker 5: and again price it. So some of my clients are

536
00:23:11,119 --> 00:23:12,800
Speaker 5: on preferential rates because.

537
00:23:12,720 --> 00:23:14,440
Speaker 4: They still want to work with them don't want.

538
00:23:14,320 --> 00:23:15,600
Speaker 1: To work with then they're really near my house.

539
00:23:16,040 --> 00:23:17,680
Speaker 5: With things like that, it's quite easy to balance what's

540
00:23:17,720 --> 00:23:19,440
Speaker 5: valuable because if they live far away, it's more petrol,

541
00:23:19,480 --> 00:23:21,520
Speaker 5: it cost you more. So there are some that are

542
00:23:21,520 --> 00:23:23,840
Speaker 5: on rates, and yeah, balance whether or not you want

543
00:23:23,920 --> 00:23:25,280
Speaker 5: to raise the rate or whether you want to offer

544
00:23:25,280 --> 00:23:27,320
Speaker 5: them a preferential rate. If you have, tell them that

545
00:23:27,359 --> 00:23:30,959
Speaker 5: you have, then they see that there's value and that

546
00:23:31,000 --> 00:23:35,639
Speaker 5: you value them. It's really just communication and being okay

547
00:23:35,640 --> 00:23:37,760
Speaker 5: to walk away if they say no, if they kick

548
00:23:37,840 --> 00:23:39,119
Speaker 5: up a fuss and you go, okay, we'll just keep

549
00:23:39,119 --> 00:23:42,040
Speaker 5: it out wads, that rate's never going up because you've

550
00:23:42,080 --> 00:23:44,000
Speaker 5: just completely relinquished all your power.

551
00:23:44,119 --> 00:23:47,879
Speaker 3: And it sounds as though this whole side hustling inside

552
00:23:47,920 --> 00:23:50,800
Speaker 3: business area is a lot harder than people make it

553
00:23:50,840 --> 00:23:53,720
Speaker 3: out to be. Would that be true in your case?

554
00:23:54,320 --> 00:23:57,640
Speaker 5: Yeah, it's definitely harder than it seems because people see

555
00:23:57,640 --> 00:23:59,480
Speaker 5: on the surface like, oh, wow, you come home and

556
00:23:59,520 --> 00:24:02,399
Speaker 5: you get paid seventy five dollars an hour, not every

557
00:24:02,400 --> 00:24:04,160
Speaker 5: hour I'm working in space, even my dollars an hour,

558
00:24:04,280 --> 00:24:06,320
Speaker 5: because sometimes it's pet sitting, which is obviously way cheaper

559
00:24:06,320 --> 00:24:08,639
Speaker 5: than that. Sometimes it's selling clothes online, which is no

560
00:24:08,680 --> 00:24:10,520
Speaker 5: money until I've sold the item, and I have to

561
00:24:10,560 --> 00:24:12,840
Speaker 5: physically invest in product, which is a whole other ball

562
00:24:12,840 --> 00:24:14,760
Speaker 5: game which I wasn't really prepared for. Got to also

563
00:24:14,840 --> 00:24:17,199
Speaker 5: charge enough to cover your costs of how much it

564
00:24:17,240 --> 00:24:19,919
Speaker 5: takes to maintain it. And you can get lazy in

565
00:24:19,960 --> 00:24:21,960
Speaker 5: the beginning because you're not making loads of money that

566
00:24:22,040 --> 00:24:23,639
Speaker 5: you kind of think, oh, it's just really small. I

567
00:24:23,680 --> 00:24:25,800
Speaker 5: won't you know, do proper invoicing, or won't pay for

568
00:24:25,800 --> 00:24:27,680
Speaker 5: an accounting software or an accountant.

569
00:24:27,840 --> 00:24:29,160
Speaker 1: But it's worth doing.

570
00:24:29,359 --> 00:24:32,040
Speaker 5: Even though it feels counterproductive at the time because maybe

571
00:24:32,040 --> 00:24:34,720
Speaker 5: it costs more than you're making, it's definitely worth it

572
00:24:34,760 --> 00:24:37,359
Speaker 5: because you're leveling up and you're preparing to scale. And

573
00:24:37,400 --> 00:24:38,800
Speaker 5: I think as a trap people fall into with a

574
00:24:38,800 --> 00:24:40,359
Speaker 5: side hustle, they think that it's always just going to

575
00:24:40,359 --> 00:24:42,439
Speaker 5: be a bit of extra coffee money, but it doesn't

576
00:24:42,520 --> 00:24:43,760
Speaker 5: have to be you can earn the same in your

577
00:24:43,800 --> 00:24:45,720
Speaker 5: side hustle as you make in your full time job.

578
00:24:45,960 --> 00:24:48,360
Speaker 3: Yeah, absolutely, And I love that you're saying you can

579
00:24:48,400 --> 00:24:50,600
Speaker 3: make the same as your full time job in a

580
00:24:50,640 --> 00:24:53,720
Speaker 3: side hustle. You didn't say you can make enough to

581
00:24:53,800 --> 00:24:56,159
Speaker 3: quit your full time job. So I'd love to know

582
00:24:56,280 --> 00:24:59,720
Speaker 3: a little bit about your opinion of side hustling turning

583
00:24:59,720 --> 00:25:02,600
Speaker 3: into full time work or potentially not turning into full

584
00:25:02,600 --> 00:25:04,800
Speaker 3: time work, Like how do you view a side hustle,

585
00:25:04,840 --> 00:25:06,639
Speaker 3: Like where does that fit into your life?

586
00:25:06,720 --> 00:25:08,800
Speaker 5: I wrote a blog recently called why don't have to

587
00:25:08,800 --> 00:25:10,560
Speaker 5: work for yourself to be successful? I think that the

588
00:25:10,560 --> 00:25:13,399
Speaker 5: side hustle culture has really fallen into the trap of

589
00:25:13,560 --> 00:25:17,400
Speaker 5: it being kind of a bridge between you know, hustling

590
00:25:17,480 --> 00:25:19,520
Speaker 5: working really hard and staying up till midnight and listening

591
00:25:19,560 --> 00:25:22,560
Speaker 5: Tony Robbins at five thirty in the morning. But eventually

592
00:25:22,600 --> 00:25:25,800
Speaker 5: it's not a culture to that drinking coffee with butter

593
00:25:25,920 --> 00:25:26,960
Speaker 5: in and oh.

594
00:25:26,880 --> 00:25:29,800
Speaker 4: Yeah, no wi we say, sitting here without Alma and lat.

595
00:25:32,960 --> 00:25:35,600
Speaker 5: Yeah, there's a real culture of the hustle being really

596
00:25:35,640 --> 00:25:37,280
Speaker 5: hard at the time, but eventually it will be over

597
00:25:37,280 --> 00:25:38,560
Speaker 5: because you'll be working for yourself.

598
00:25:38,400 --> 00:25:40,800
Speaker 1: And you'll be your own man and that kind of thing.

599
00:25:41,240 --> 00:25:43,320
Speaker 5: But I think what people forget is that if everybody

600
00:25:43,320 --> 00:25:45,439
Speaker 5: did that, we wouldn't have a developed economy because if

601
00:25:45,480 --> 00:25:48,359
Speaker 5: everyone was just working for themselves, it wouldn't work the

602
00:25:48,359 --> 00:25:48,760
Speaker 5: same way.

603
00:25:48,920 --> 00:25:50,720
Speaker 3: Yeah, and I don't think that that's aligned to a

604
00:25:50,720 --> 00:25:52,840
Speaker 3: lot of people's values. And like, no one's going to

605
00:25:52,880 --> 00:25:55,160
Speaker 3: be surprised that I'm going to say that values are

606
00:25:55,160 --> 00:25:57,960
Speaker 3: really important here. But I think that if you are

607
00:25:58,000 --> 00:26:01,000
Speaker 3: really happy in a full time job, there's absolutely no

608
00:26:01,040 --> 00:26:04,159
Speaker 3: pressure on you to go and get a side hustle

609
00:26:04,280 --> 00:26:06,919
Speaker 3: or get a job or start your own business that

610
00:26:07,160 --> 00:26:12,440
Speaker 3: is outside of what you're doing. You can be a passionate, enthusiastic,

611
00:26:12,560 --> 00:26:15,399
Speaker 3: well rounded person without being a business owner.

612
00:26:15,760 --> 00:26:21,359
Speaker 5: Employment is very demonized at the moment when actually, if

613
00:26:21,400 --> 00:26:23,080
Speaker 5: you have a full time job and a side hustle,

614
00:26:23,440 --> 00:26:25,159
Speaker 5: you can afford to take real big swings in your

615
00:26:25,200 --> 00:26:26,840
Speaker 5: side hustle because you're not relying on the income to

616
00:26:26,840 --> 00:26:29,840
Speaker 5: pay atual you rent. Absolutely So, Yeah, I've just spent

617
00:26:29,920 --> 00:26:31,600
Speaker 5: four thousand dollars on a new website for a blog

618
00:26:31,600 --> 00:26:33,640
Speaker 5: that doesn't make any money, which, guys, is By the way,

619
00:26:35,359 --> 00:26:37,439
Speaker 5: I'm pretty happy with it. I wouldn't be if I

620
00:26:37,480 --> 00:26:39,639
Speaker 5: was doing my side hustle full time. I wouldn't be

621
00:26:39,640 --> 00:26:41,400
Speaker 5: in a position to make that kind of investment because

622
00:26:41,400 --> 00:26:43,479
Speaker 5: it's pretty much every dollar I've made from all four

623
00:26:43,520 --> 00:26:45,560
Speaker 5: side hustles in the last few months gone straight back in.

624
00:26:45,600 --> 00:26:49,600
Speaker 5: Whereas because my job pays my bills, I can take

625
00:26:49,640 --> 00:26:53,440
Speaker 5: bigger swings and I can grow more, and you get

626
00:26:53,480 --> 00:26:56,879
Speaker 5: to take loads of risks and make massive mistakes while

627
00:26:56,960 --> 00:26:59,400
Speaker 5: someone else is looking after your bills being paid.

628
00:26:59,720 --> 00:27:01,960
Speaker 3: I think that there is a lack of clarity on

629
00:27:02,000 --> 00:27:04,720
Speaker 3: what it actually means to have a side hustle because

630
00:27:04,800 --> 00:27:08,679
Speaker 3: Instagram and Facebook and this whole internet community make it

631
00:27:08,720 --> 00:27:11,959
Speaker 3: seem really glossy and shiny and a little bit sexy.

632
00:27:12,320 --> 00:27:15,080
Speaker 3: So I think that there is just this perception that

633
00:27:15,359 --> 00:27:19,159
Speaker 3: side hustling is really cool, and it obviously is, like

634
00:27:19,320 --> 00:27:21,760
Speaker 3: we're here, but it is one of those things that

635
00:27:21,840 --> 00:27:24,080
Speaker 3: you should be doing it, like what is your side hustle?

636
00:27:24,119 --> 00:27:27,480
Speaker 3: And I just think that pressure can sometimes be really unnecessary.

637
00:27:27,880 --> 00:27:31,119
Speaker 5: Yeah, and the pressure to make loads of money from

638
00:27:31,160 --> 00:27:33,000
Speaker 5: it right away. If you go into it just to

639
00:27:33,000 --> 00:27:35,320
Speaker 5: make extra money, probably isn't going to last. I think

640
00:27:35,359 --> 00:27:36,800
Speaker 5: you need to see it as a long term thing

641
00:27:36,920 --> 00:27:39,399
Speaker 5: and kind of be serendipitous with it, because I'm not

642
00:27:39,520 --> 00:27:41,200
Speaker 5: sitting here. I don't want people to come at me

643
00:27:41,240 --> 00:27:42,720
Speaker 5: in two years and be like, you're doing your side

644
00:27:42,760 --> 00:27:44,840
Speaker 5: hustle full time and you said you never would. Because

645
00:27:45,040 --> 00:27:46,240
Speaker 5: I'm not saying I never would.

646
00:27:46,359 --> 00:27:48,280
Speaker 4: It don't come at me because it was good.

647
00:27:49,040 --> 00:27:51,400
Speaker 5: Yeah, I'm not saying it will never go full time,

648
00:27:51,480 --> 00:27:54,600
Speaker 5: and I might, but that's not why I did it.

649
00:27:54,600 --> 00:27:56,080
Speaker 1: I didn't do it as an escape.

650
00:27:55,840 --> 00:27:58,919
Speaker 5: Route from my full time job. Yeah, it works in

651
00:27:58,960 --> 00:27:59,560
Speaker 5: tandem with that.

652
00:28:00,000 --> 00:28:02,000
Speaker 3: And something I love about you and what you talk

653
00:28:02,000 --> 00:28:05,120
Speaker 3: about on your blog is not necessarily what you make,

654
00:28:05,200 --> 00:28:08,080
Speaker 3: it's actually how you use it. And you mentioned just

655
00:28:08,160 --> 00:28:12,679
Speaker 3: before that people are going into side hustles to make money,

656
00:28:13,040 --> 00:28:15,040
Speaker 3: and that's obviously a reason that we pick it up,

657
00:28:15,080 --> 00:28:17,680
Speaker 3: But like, why should people get side hustles? So if

658
00:28:17,760 --> 00:28:20,359
Speaker 3: I was starting today and I was saying, Emma, what

659
00:28:20,440 --> 00:28:20,840
Speaker 3: do I do?

660
00:28:20,920 --> 00:28:22,520
Speaker 4: How do I do it? Why should I start our

661
00:28:22,560 --> 00:28:23,680
Speaker 4: side hustle, what would you.

662
00:28:23,640 --> 00:28:27,080
Speaker 5: Say, can you make money from something that you love doing?

663
00:28:27,160 --> 00:28:29,440
Speaker 5: Because obviously yes, don't go in just to make money

664
00:28:29,440 --> 00:28:31,000
Speaker 5: because they don't start out very lucrative.

665
00:28:31,080 --> 00:28:31,840
Speaker 4: I mean, I love cats.

666
00:28:31,840 --> 00:28:33,520
Speaker 3: If you just told me that, I can there you

667
00:28:33,560 --> 00:28:36,080
Speaker 3: go from so I'm here for this, please tell me

668
00:28:36,119 --> 00:28:36,600
Speaker 3: your secret.

669
00:28:36,680 --> 00:28:38,040
Speaker 5: Then you've got to look for things that you love

670
00:28:38,200 --> 00:28:40,280
Speaker 5: and then gaps in the market that you can fill.

671
00:28:41,280 --> 00:28:42,800
Speaker 5: That said, there doesn't have to be a gap in

672
00:28:42,840 --> 00:28:44,200
Speaker 5: the market. I think a lot of people shy away

673
00:28:44,240 --> 00:28:47,400
Speaker 5: from side hustles because everything's already been done. But that

674
00:28:47,680 --> 00:28:49,320
Speaker 5: isn't Yes, okay, if you're going to go and say

675
00:28:49,320 --> 00:28:51,360
Speaker 5: your side hustle's going to be a fashion blog, I'd

676
00:28:51,400 --> 00:28:54,280
Speaker 5: say the market's are tiny bit saturated. Yeah, but just

677
00:28:54,280 --> 00:28:56,120
Speaker 5: because obviously there's already cat sitters. If I've done a

678
00:28:56,160 --> 00:28:57,840
Speaker 5: quick Google search, oh there's cat setches in my area,

679
00:28:57,880 --> 00:28:58,440
Speaker 5: I can't do it.

680
00:28:58,920 --> 00:29:00,120
Speaker 1: Then yeah, I wouldn't.

681
00:29:00,080 --> 00:29:01,680
Speaker 4: Be yourself out of an opportunity.

682
00:29:02,440 --> 00:29:05,600
Speaker 5: Give yourself a chance to try and test it out

683
00:29:05,640 --> 00:29:08,880
Speaker 5: and see if people take it up again, send loads

684
00:29:08,880 --> 00:29:12,520
Speaker 5: of cold emails, or advertise on Facebook. You can, you know,

685
00:29:12,680 --> 00:29:15,320
Speaker 5: do Facebook adds really cheap now. But I think a

686
00:29:15,320 --> 00:29:17,280
Speaker 5: really good way to start a side house is set aside,

687
00:29:17,840 --> 00:29:20,520
Speaker 5: whether it's one hundred bucks, five hundred bucks, a thousand bucks,

688
00:29:20,520 --> 00:29:24,240
Speaker 5: and say that that's your like startup money, and be

689
00:29:24,360 --> 00:29:27,200
Speaker 5: okay with losing that if it doesn't go anywhere.

690
00:29:27,240 --> 00:29:29,880
Speaker 4: But it's an investment, right, it could swing either way.

691
00:29:29,960 --> 00:29:32,280
Speaker 5: Yes, So to make sure that you don't go down

692
00:29:32,280 --> 00:29:34,200
Speaker 5: the rabbit hole of plugging away money at something that

693
00:29:34,240 --> 00:29:36,840
Speaker 5: isn't going to turn into a lucrative sidehussle. Yes, set

694
00:29:36,840 --> 00:29:39,040
Speaker 5: aside some money that you're okay with spending on that

695
00:29:39,480 --> 00:29:42,120
Speaker 5: and just try different things. I got into petsitting using

696
00:29:42,160 --> 00:29:43,800
Speaker 5: an app called Porshake a bit like I was saying

697
00:29:43,800 --> 00:29:46,200
Speaker 5: about the writing, there's so many websites and apps now

698
00:29:46,240 --> 00:29:49,480
Speaker 5: that are literally designed to help you make money. Know,

699
00:29:49,600 --> 00:29:51,560
Speaker 5: you shouldn't stay on them forever because they take big

700
00:29:51,600 --> 00:29:53,960
Speaker 5: fees and they need to make money too, so be

701
00:29:54,120 --> 00:29:56,800
Speaker 5: smart about it. But it can help you, like I said,

702
00:29:56,840 --> 00:29:59,800
Speaker 5: get experience. So I was on Porshake for about a

703
00:30:00,160 --> 00:30:02,280
Speaker 5: months and then I came off of their.

704
00:30:02,720 --> 00:30:04,800
Speaker 4: Platforms do take a lot more than you think they.

705
00:30:04,680 --> 00:30:07,800
Speaker 5: Take, right, they do, But I mean in the case

706
00:30:07,800 --> 00:30:10,080
Speaker 5: of Pulshake, they were also paying my insurance, and my

707
00:30:10,120 --> 00:30:12,560
Speaker 5: insurance was almost a thousand dollars a year, So before

708
00:30:12,600 --> 00:30:14,280
Speaker 5: I had clients, I wasn't in a position to pay

709
00:30:14,280 --> 00:30:17,520
Speaker 5: for that, So take it with a grain of salts.

710
00:30:17,560 --> 00:30:19,440
Speaker 5: Quite often they're taking care of something that you would

711
00:30:19,440 --> 00:30:21,800
Speaker 5: have to. I mean, I don't doubt they're oh petitors

712
00:30:21,840 --> 00:30:24,160
Speaker 5: that don't have insurance, but yeah.

713
00:30:23,640 --> 00:30:25,920
Speaker 3: And I think, I think if you're doing something like

714
00:30:26,000 --> 00:30:29,600
Speaker 3: going into other people's homes, I just want that security.

715
00:30:29,760 --> 00:30:31,840
Speaker 3: And not even as a client, but if I was

716
00:30:31,920 --> 00:30:34,600
Speaker 3: doing that, I'd want the security to know that I

717
00:30:34,720 --> 00:30:37,520
Speaker 3: was safe doing that and that I wouldn't ruin anything

718
00:30:37,560 --> 00:30:39,960
Speaker 3: that couldn't be fixed, and I would end up in

719
00:30:39,960 --> 00:30:42,600
Speaker 3: a whole heap of debt because that's absolutely counterproductive to

720
00:30:42,640 --> 00:30:44,720
Speaker 3: the reason you were there in the first place, right exactly,

721
00:30:45,000 --> 00:30:46,760
Speaker 3: So if I said to you, am I really want

722
00:30:46,760 --> 00:30:49,560
Speaker 3: to start a side hustle, and I know what I

723
00:30:49,680 --> 00:30:51,640
Speaker 3: want to do, Let's say I want to be a

724
00:30:51,720 --> 00:30:52,360
Speaker 3: dog sitter?

725
00:30:53,000 --> 00:30:55,520
Speaker 4: What steps do I need to take? Like where should

726
00:30:55,560 --> 00:30:56,160
Speaker 4: I be going?

727
00:30:56,440 --> 00:30:59,240
Speaker 5: First of all, I'd start treating it like it makes

728
00:30:59,800 --> 00:31:03,800
Speaker 5: a lot more than it does. So set up a

729
00:31:03,840 --> 00:31:08,000
Speaker 5: spreadsheet track your expenses because things like that type of

730
00:31:08,040 --> 00:31:10,800
Speaker 5: side hustle do incur a lot of expenses. There's obviously kilometers.

731
00:31:12,480 --> 00:31:16,080
Speaker 5: Get savvy with tax. People forget tax on their side hustle.

732
00:31:16,280 --> 00:31:19,160
Speaker 5: But it's also not taxed high. I get this a lot.

733
00:31:19,200 --> 00:31:20,920
Speaker 5: Oh it's not worth me getting a second job because

734
00:31:21,000 --> 00:31:22,000
Speaker 5: it's tax so high.

735
00:31:22,080 --> 00:31:23,080
Speaker 4: But they don't take a home.

736
00:31:23,120 --> 00:31:24,080
Speaker 1: It's no more tax.

737
00:31:25,440 --> 00:31:27,760
Speaker 4: It's the same amount of tax that you already pay

738
00:31:27,760 --> 00:31:28,640
Speaker 4: at your marginal rate.

739
00:31:28,720 --> 00:31:29,400
Speaker 1: Right likely.

740
00:31:29,520 --> 00:31:33,480
Speaker 5: And then also think about the brand and the marketing

741
00:31:33,520 --> 00:31:35,160
Speaker 5: of it. You need people need to know about you,

742
00:31:35,240 --> 00:31:37,240
Speaker 5: and depending on what type of side hustle it is,

743
00:31:37,240 --> 00:31:39,800
Speaker 5: but we'll use the dog sitting example. They need to

744
00:31:39,880 --> 00:31:41,440
Speaker 5: think about what they need from you. So do they

745
00:31:41,440 --> 00:31:43,240
Speaker 5: need experience? Do they need to trust you? Do they

746
00:31:43,320 --> 00:31:45,520
Speaker 5: need all of the above? Do they want you to

747
00:31:45,560 --> 00:31:47,520
Speaker 5: be a female? I mean I think I get a

748
00:31:47,560 --> 00:31:49,640
Speaker 5: lot of work because I'm a female. People wouldn't necessarily

749
00:31:49,680 --> 00:31:52,560
Speaker 5: want a man coming into their home if they live alone.

750
00:31:53,960 --> 00:31:56,320
Speaker 5: So yeah, think about what they need from you. So

751
00:31:56,960 --> 00:32:01,320
Speaker 5: my cat sitting business including name and my suburb names,

752
00:32:01,320 --> 00:32:04,040
Speaker 5: so people knew I was female, and then they knew

753
00:32:04,040 --> 00:32:07,160
Speaker 5: exactly the areas that I would service. Obviously, you need

754
00:32:07,200 --> 00:32:08,720
Speaker 5: to be a bit smart bout business names in case

755
00:32:08,760 --> 00:32:11,520
Speaker 5: they're taken or if you want to trade. But that's

756
00:32:11,760 --> 00:32:14,040
Speaker 5: that's you know, that's not really the super early stages.

757
00:32:14,080 --> 00:32:16,200
Speaker 5: You were not going to trade market on day one necessarily,

758
00:32:16,240 --> 00:32:18,760
Speaker 5: and then you really want to think about the actual brand.

759
00:32:19,200 --> 00:32:20,920
Speaker 5: You might think that just because it's your small dog

760
00:32:20,920 --> 00:32:23,840
Speaker 5: walking business, it doesn't need a brand. But using photography

761
00:32:23,920 --> 00:32:26,560
Speaker 5: and consistent colors and fonts, you can do loads of

762
00:32:26,600 --> 00:32:28,600
Speaker 5: things on really free tools like Canva.

763
00:32:28,680 --> 00:32:31,200
Speaker 3: Now, oh I love can Yeah, I started most of

764
00:32:31,240 --> 00:32:33,760
Speaker 3: the shoes on the Money staff just using Canva.

765
00:32:33,840 --> 00:32:35,440
Speaker 4: They have so many good templates.

766
00:32:35,520 --> 00:32:37,080
Speaker 3: Yeah, it doesn't have to cost you a lot to

767
00:32:37,160 --> 00:32:40,040
Speaker 3: start a business and make it look professionally marketed.

768
00:32:39,720 --> 00:32:42,680
Speaker 5: Right exactly, And then eventually you'll kind of graduate to

769
00:32:43,320 --> 00:32:45,600
Speaker 5: more page tools like Photoshop and things.

770
00:32:46,240 --> 00:32:47,040
Speaker 1: You can start off.

771
00:32:46,920 --> 00:32:49,320
Speaker 5: Really low cost and get your assets and get everything

772
00:32:49,400 --> 00:32:52,040
Speaker 5: kind of like well rounded, don't leave any holes. You

773
00:32:52,120 --> 00:32:55,120
Speaker 5: might want to make booking forms or anything like that

774
00:32:55,120 --> 00:32:57,880
Speaker 5: that can help kind of legitimize the offering because you

775
00:32:57,920 --> 00:33:00,320
Speaker 5: don't want it to look like it's your first day

776
00:33:00,320 --> 00:33:02,600
Speaker 5: doing it. And yeah, just kind of locked down that

777
00:33:02,600 --> 00:33:06,000
Speaker 5: messaging as though it's a global business. And then if

778
00:33:06,040 --> 00:33:08,040
Speaker 5: you one day are a global business, you're ready.

779
00:33:07,800 --> 00:33:08,640
Speaker 1: To be Yes.

780
00:33:08,800 --> 00:33:09,400
Speaker 4: Absolutely.

781
00:33:09,480 --> 00:33:11,880
Speaker 3: Too many times do I see people shooting themselves in

782
00:33:11,920 --> 00:33:14,840
Speaker 3: the foot because they've structured their business in a way

783
00:33:15,000 --> 00:33:19,080
Speaker 3: that they aren't ready to scale. And when we say scale,

784
00:33:19,200 --> 00:33:22,040
Speaker 3: we're not talking about going from earning one hundred dollars

785
00:33:22,120 --> 00:33:25,080
Speaker 3: extra income each week to six million. We're not talking

786
00:33:25,080 --> 00:33:27,280
Speaker 3: about that scale. We're just talking about, you know, really

787
00:33:27,400 --> 00:33:29,800
Speaker 3: ramping up the costs. Because when you have a business

788
00:33:29,800 --> 00:33:32,680
Speaker 3: that is generating you forty or fifty thousand dollars a year,

789
00:33:32,760 --> 00:33:35,760
Speaker 3: you do have accounting fees, you do have things that

790
00:33:35,800 --> 00:33:38,520
Speaker 3: you need to pay, like tax in not GST yet,

791
00:33:38,520 --> 00:33:41,120
Speaker 3: but tax, and at some point in the near future

792
00:33:41,280 --> 00:33:43,640
Speaker 3: you'll need to pay GST on that money. And I

793
00:33:43,680 --> 00:33:46,320
Speaker 3: think being able to pay that is really important. And

794
00:33:46,360 --> 00:33:48,120
Speaker 3: if you're taking half of it in cash and not

795
00:33:48,160 --> 00:33:50,600
Speaker 3: declaring it, you're making it really messy for yourself.

796
00:33:50,800 --> 00:33:51,080
Speaker 1: Yeah.

797
00:33:51,120 --> 00:33:53,640
Speaker 5: Absolutely, other kind of tips on starting up. A big

798
00:33:53,640 --> 00:33:55,120
Speaker 5: thing I like to do is try and find someone

799
00:33:55,120 --> 00:33:57,600
Speaker 5: who's already doing it really well and go for a

800
00:33:57,640 --> 00:34:01,560
Speaker 5: coffee with them. Some people were network Some people you

801
00:34:01,640 --> 00:34:03,200
Speaker 5: might think, oh, why would they give me tips because

802
00:34:03,200 --> 00:34:04,960
Speaker 5: it's competition, But if they're a good person, they won't

803
00:34:04,960 --> 00:34:05,640
Speaker 5: see it was competition.

804
00:34:06,240 --> 00:34:07,040
Speaker 4: Hundred percent.

805
00:34:07,120 --> 00:34:08,879
Speaker 3: I think that there is so much room in this

806
00:34:09,440 --> 00:34:13,880
Speaker 3: industry and this country in general for everybody, but also

807
00:34:14,200 --> 00:34:18,800
Speaker 3: on a more behavioral psychology level, people love talking about themselves.

808
00:34:19,120 --> 00:34:21,239
Speaker 3: And if you reach out to someone and say, hey, Emma,

809
00:34:21,320 --> 00:34:23,040
Speaker 3: I would love to grab a coffee with you, it's

810
00:34:23,120 --> 00:34:24,719
Speaker 3: my shout. I just really want to ask you a

811
00:34:24,760 --> 00:34:28,640
Speaker 3: couple of questions about how you've become so amazing. It's

812
00:34:28,800 --> 00:34:31,359
Speaker 3: very likely that that person is going to feel complimented

813
00:34:31,400 --> 00:34:34,480
Speaker 3: by that and want to create a relationship with you.

814
00:34:35,000 --> 00:34:37,399
Speaker 3: And you know, some people are too busy, so don't

815
00:34:37,400 --> 00:34:39,919
Speaker 3: be offended if they say no, or some people might

816
00:34:40,239 --> 00:34:42,440
Speaker 3: just not want to engage in that. But the worst

817
00:34:42,440 --> 00:34:44,960
Speaker 3: thing someone can say is no, So it's always worth

818
00:34:45,000 --> 00:34:46,399
Speaker 3: your time to be like, hey, I'd love to grab

819
00:34:46,440 --> 00:34:48,560
Speaker 3: a coffee with you, And if they say no, no

820
00:34:48,680 --> 00:34:51,000
Speaker 3: harm done. You're still in this position where you were

821
00:34:51,040 --> 00:34:53,560
Speaker 3: really lovely and reached out to someone for a coffee,

822
00:34:53,640 --> 00:34:56,440
Speaker 3: and that's that's something I would love people to do.

823
00:34:56,600 --> 00:34:58,799
Speaker 5: Yeah, exactly. You can get a lot from them, and

824
00:34:58,840 --> 00:35:00,759
Speaker 5: in terms of just on the spot, get information from

825
00:35:00,760 --> 00:35:03,160
Speaker 5: them and tips and you know, words of warning or

826
00:35:03,440 --> 00:35:05,919
Speaker 5: where to get the best insurance or really tangible stuff

827
00:35:05,960 --> 00:35:08,200
Speaker 5: like that. Or it might be a referral down the line.

828
00:35:08,239 --> 00:35:10,799
Speaker 5: If you meet up with an established dogsitter, she might

829
00:35:11,000 --> 00:35:13,640
Speaker 5: in two weeks say, oh, I'm actually going away, can

830
00:35:13,680 --> 00:35:15,040
Speaker 5: you do one of my bookings for me? And then

831
00:35:15,440 --> 00:35:17,600
Speaker 5: it kind of spirals from there. I think people really

832
00:35:17,640 --> 00:35:20,759
Speaker 5: underestimate the value of networking in inverted commons. I guess

833
00:35:20,760 --> 00:35:22,560
Speaker 5: the last tip as well is something I really like

834
00:35:22,600 --> 00:35:25,160
Speaker 5: to do is it kind of starts with setting up

835
00:35:25,160 --> 00:35:28,120
Speaker 5: those marketing assets and stuff. But do taking those steps

836
00:35:28,160 --> 00:35:29,960
Speaker 5: really helps you prove to yourself that you're going to

837
00:35:30,040 --> 00:35:32,000
Speaker 5: do it. A lot of people say to me like, oh,

838
00:35:32,000 --> 00:35:33,600
Speaker 5: I've tried to start a blog so many times and

839
00:35:33,640 --> 00:35:36,399
Speaker 5: I just haven't written the post or whatever. I wrote

840
00:35:36,480 --> 00:35:38,719
Speaker 5: thirty five blog posts before I put my blog live,

841
00:35:39,120 --> 00:35:41,640
Speaker 5: because I put fifteen up and then I scheduled the

842
00:35:41,680 --> 00:35:43,240
Speaker 5: others one a week for the rest of the weeks,

843
00:35:43,360 --> 00:35:45,399
Speaker 5: so that if I got lazy, or I got busy,

844
00:35:45,480 --> 00:35:47,719
Speaker 5: or I got sick, it would take care of itself.

845
00:35:47,800 --> 00:35:51,160
Speaker 5: And it also before I spend any money on hosting

846
00:35:51,200 --> 00:35:54,520
Speaker 5: and domains and all that stuff, proved I had content,

847
00:35:54,680 --> 00:35:57,319
Speaker 5: proved I was bothered enough to do it, prove that

848
00:35:57,520 --> 00:36:00,880
Speaker 5: I actually had the time to do it. So anything

849
00:36:00,880 --> 00:36:02,960
Speaker 5: that you can do to prove to yourself that you're

850
00:36:03,000 --> 00:36:05,000
Speaker 5: going to do it before you actually spend the money

851
00:36:05,040 --> 00:36:07,239
Speaker 5: and put the effort into start doing it.

852
00:36:07,280 --> 00:36:08,560
Speaker 1: Is really valuable.

853
00:36:08,640 --> 00:36:12,080
Speaker 3: Emma, what good is a money podcast without having some

854
00:36:12,200 --> 00:36:16,040
Speaker 3: pervy stuff. I would absolutely love to ask you a

855
00:36:16,080 --> 00:36:18,759
Speaker 3: little bit more about how much you earn doing these

856
00:36:18,800 --> 00:36:22,160
Speaker 3: side hustles spoken you know, in roundabout ways of like

857
00:36:22,200 --> 00:36:23,960
Speaker 3: you can add this and you have to pay tax,

858
00:36:24,000 --> 00:36:26,799
Speaker 3: So tell me, like, how much are you making from

859
00:36:26,840 --> 00:36:29,200
Speaker 3: your side hustles and is it worth it?

860
00:36:29,480 --> 00:36:34,160
Speaker 5: So I will break it down from pet sitting. Pet

861
00:36:34,200 --> 00:36:36,880
Speaker 5: sitting really is my extra splurg money. It's not a

862
00:36:36,880 --> 00:36:39,120
Speaker 5: lot of money. I'm not saying it's the most lucrative

863
00:36:39,120 --> 00:36:41,439
Speaker 5: industry in the world. And I don't charge a load

864
00:36:41,520 --> 00:36:43,759
Speaker 5: for it because I do really love it and it's

865
00:36:44,400 --> 00:36:46,120
Speaker 5: very simple. It's at a place now where it kind

866
00:36:46,120 --> 00:36:47,960
Speaker 5: of looks after itself. I've got regular clients and they

867
00:36:47,960 --> 00:36:50,080
Speaker 5: go on holiday all the time, so I'm not really advertising.

868
00:36:52,520 --> 00:36:56,880
Speaker 5: So from that, I probably may three or four thousand

869
00:36:56,920 --> 00:36:59,040
Speaker 5: dollars a year. It's not a lot, but.

870
00:36:59,000 --> 00:37:01,240
Speaker 4: That is still a lot of money that you didn't.

871
00:37:01,040 --> 00:37:02,240
Speaker 1: Have before exactly.

872
00:37:02,320 --> 00:37:05,359
Speaker 5: And it's also in dead time, Like the hour before work,

873
00:37:05,400 --> 00:37:07,759
Speaker 5: if I go and feed three cats, I've made sixty.

874
00:37:07,480 --> 00:37:10,719
Speaker 1: Dollars before breakfast. Yeah, amazing, obviously before tax and expenses.

875
00:37:11,200 --> 00:37:12,799
Speaker 5: The online thrift store has been a bit of a

876
00:37:12,880 --> 00:37:14,920
Speaker 5: journey because I originally built it out as part of

877
00:37:14,960 --> 00:37:16,040
Speaker 5: the break generation and.

878
00:37:16,120 --> 00:37:17,799
Speaker 3: Oh yeah, and then you broke it off and kind

879
00:37:17,800 --> 00:37:19,720
Speaker 3: of made it extra Instagram.

880
00:37:19,800 --> 00:37:22,200
Speaker 5: Yeah, because I felt a bit weird about it was

881
00:37:22,280 --> 00:37:24,440
Speaker 5: kind of triggering people to buy things. As much as

882
00:37:24,480 --> 00:37:26,040
Speaker 5: I think thrifting is really great and so we're all

883
00:37:26,080 --> 00:37:28,239
Speaker 5: good money saving activity, I also was like kind of

884
00:37:28,239 --> 00:37:31,680
Speaker 5: going against my own belief. There's a lot of dissonance

885
00:37:31,680 --> 00:37:33,960
Speaker 5: there because yeah, I was kind of shoving things that

886
00:37:33,960 --> 00:37:35,680
Speaker 5: people wanted in their faces when I didn't want them

887
00:37:35,680 --> 00:37:38,000
Speaker 5: to spend any money. So I separated it so that

888
00:37:38,080 --> 00:37:39,560
Speaker 5: if you do want to buy clothes and you want

889
00:37:39,600 --> 00:37:41,880
Speaker 5: to buy the second hand, you can go and find that.

890
00:37:42,640 --> 00:37:43,319
Speaker 1: Yeah.

891
00:37:43,480 --> 00:37:45,640
Speaker 5: Since I split it off in sort of October, so

892
00:37:45,760 --> 00:37:51,360
Speaker 5: what four months ago, I've probably made about.

893
00:37:50,440 --> 00:37:51,960
Speaker 1: Fifteen hundred two thousand.

894
00:37:52,200 --> 00:37:55,200
Speaker 5: That's pretty good, not bad considering it's getting paid to shop.

895
00:37:56,000 --> 00:37:58,799
Speaker 3: Absolutely, and it's something that you said before you loved

896
00:37:58,880 --> 00:37:59,200
Speaker 3: doing it.

897
00:37:59,239 --> 00:37:59,960
Speaker 1: I loved doing it.

898
00:38:00,080 --> 00:38:02,080
Speaker 5: I don't spend a lot of time on it because

899
00:38:02,080 --> 00:38:03,920
Speaker 5: it is a case of do a collection, put it up,

900
00:38:03,960 --> 00:38:06,239
Speaker 5: post it, and then I won't touch it until I

901
00:38:06,239 --> 00:38:08,640
Speaker 5: do another one. The freelance writings where it's really grown

902
00:38:08,680 --> 00:38:11,520
Speaker 5: the most. Like I said back in the beginning, sort

903
00:38:11,560 --> 00:38:14,440
Speaker 5: of five six, seven years ago, when I first started charging,

904
00:38:14,520 --> 00:38:18,120
Speaker 5: I was getting paid twenty to forty dollars per piece.

905
00:38:18,680 --> 00:38:20,919
Speaker 5: Now I'm charging sixty five to seventy five dollars an hour,

906
00:38:21,040 --> 00:38:25,400
Speaker 5: and I've been making with those types of activities between

907
00:38:25,440 --> 00:38:28,120
Speaker 5: eight and ten thousand a year before tax on top

908
00:38:28,200 --> 00:38:29,719
Speaker 5: of my salary.

909
00:38:29,760 --> 00:38:32,160
Speaker 1: This year I.

910
00:38:31,360 --> 00:38:34,239
Speaker 5: Should be set to double it, so I should okay,

911
00:38:34,280 --> 00:38:36,839
Speaker 5: which I'm pretty excited about if it carries on. I'm

912
00:38:36,840 --> 00:38:39,359
Speaker 5: so I'm at ten already and it's only jammed, so

913
00:38:39,440 --> 00:38:40,200
Speaker 5: there's still six months.

914
00:38:40,760 --> 00:38:44,279
Speaker 4: Yes, incredible. Yeah, so it's a great Thanks you so

915
00:38:44,440 --> 00:38:45,320
Speaker 4: much to add.

916
00:38:45,520 --> 00:38:47,799
Speaker 5: Yeah, it's really nice to see it growing, because I

917
00:38:47,800 --> 00:38:51,120
Speaker 5: did get a little bit deflated. You do plato in career,

918
00:38:51,200 --> 00:38:54,759
Speaker 5: and inside puzzles, you plata in your experience, so i'd

919
00:38:54,760 --> 00:38:57,399
Speaker 5: sort of was making like eight nine For the last

920
00:38:57,400 --> 00:38:59,960
Speaker 5: couple of years, i'vecurred the same thing and then there's expense,

921
00:39:00,320 --> 00:39:01,920
Speaker 5: and it's all a bit kind of like, oh am

922
00:39:01,960 --> 00:39:04,080
Speaker 5: I growing. I've sort of that my account must be

923
00:39:04,120 --> 00:39:06,799
Speaker 5: laughing at me because it's not going anywhere. Absolutely not,

924
00:39:08,200 --> 00:39:11,280
Speaker 5: but no, it has grown this year, which is great.

925
00:39:11,680 --> 00:39:13,320
Speaker 5: And then with the blog, because it's such a similar

926
00:39:13,360 --> 00:39:16,359
Speaker 5: discipline to the freelance writing. I guess some things may

927
00:39:16,400 --> 00:39:19,240
Speaker 5: have eventuated from having the blog, but they're ultimately freelance writing,

928
00:39:19,239 --> 00:39:21,840
Speaker 5: so they've gone in that twenty thousand pot. I have

929
00:39:21,960 --> 00:39:24,319
Speaker 5: done a couple of I have done a couple of

930
00:39:24,360 --> 00:39:28,160
Speaker 5: ads on the break generation, but obviously I'm very careful

931
00:39:28,200 --> 00:39:31,400
Speaker 5: because it's quite a specific industry, is also highly regulated industry,

932
00:39:31,440 --> 00:39:34,160
Speaker 5: so it's not like I'm batting away teeth whitening.

933
00:39:33,880 --> 00:39:34,360
Speaker 1: With a stick.

934
00:39:35,600 --> 00:39:36,640
Speaker 4: So challenging.

935
00:39:36,760 --> 00:39:39,040
Speaker 5: It's very challenging, and I obviously only want to promote

936
00:39:39,040 --> 00:39:41,360
Speaker 5: things that I.

937
00:39:40,480 --> 00:39:42,520
Speaker 4: Really believe in and actually used.

938
00:39:42,600 --> 00:39:44,800
Speaker 5: I know everybody says that, but it, particularly with banking,

939
00:39:44,800 --> 00:39:47,120
Speaker 5: it's really difficult. I have had opportunities that I've turned

940
00:39:47,120 --> 00:39:49,239
Speaker 5: down because I just don't think that it's a good

941
00:39:49,239 --> 00:39:52,000
Speaker 5: thing to promote. Anything I have promoted I do genuinely

942
00:39:52,040 --> 00:39:53,960
Speaker 5: think is worth promoting, and it is a message I

943
00:39:54,000 --> 00:39:57,200
Speaker 5: want to spread. But yeah, we're talking, you know, around

944
00:39:57,239 --> 00:39:59,840
Speaker 5: the one to two thousand mark. Yeah, overall for you know,

945
00:40:00,000 --> 00:40:03,640
Speaker 5: eighteen months of content. It's not the most lucrative one

946
00:40:03,640 --> 00:40:05,640
Speaker 5: of the books, but it's a personal branding thing.

947
00:40:05,719 --> 00:40:08,600
Speaker 3: So yeah, absolutely, that's amazing. Thank you so much for

948
00:40:08,640 --> 00:40:11,560
Speaker 3: sharing that with us. Everybody likes to get a little

949
00:40:11,560 --> 00:40:13,440
Speaker 3: bit pervy and go, yeah, but what do you know.

950
00:40:13,640 --> 00:40:14,960
Speaker 1: People love that you're.

951
00:40:14,800 --> 00:40:17,840
Speaker 3: Working on something that you're really passionate about. Would you

952
00:40:17,880 --> 00:40:20,000
Speaker 3: say that all of this side hustle and extra income

953
00:40:20,080 --> 00:40:20,600
Speaker 3: is worth it?

954
00:40:20,880 --> 00:40:21,120
Speaker 1: Yes.

955
00:40:22,120 --> 00:40:26,120
Speaker 5: Actually, one of my goals for the year was her

956
00:40:26,320 --> 00:40:31,480
Speaker 5: goal setting was to chuin in mortar when I'm tired

957
00:40:31,480 --> 00:40:33,320
Speaker 5: and overworked, and not when other people are telling me

958
00:40:33,360 --> 00:40:33,759
Speaker 5: that I am.

959
00:40:34,280 --> 00:40:36,880
Speaker 3: That is such a struggle, Like you've said that and

960
00:40:36,920 --> 00:40:39,680
Speaker 3: we've both got this smirk on our face. I think

961
00:40:39,719 --> 00:40:42,319
Speaker 3: that both of us have potentially been told a lot

962
00:40:42,320 --> 00:40:44,000
Speaker 3: like oh, you must be so tie and it's like,

963
00:40:44,040 --> 00:40:44,600
Speaker 3: I'm not tired.

964
00:40:44,640 --> 00:40:45,560
Speaker 4: I'll show you tired.

965
00:40:45,719 --> 00:40:46,799
Speaker 1: Yeah.

966
00:40:46,880 --> 00:40:50,120
Speaker 5: It's a really interesting one that because yeah, I am

967
00:40:50,280 --> 00:40:51,680
Speaker 5: working a lot, and I filmed like a day in

968
00:40:51,719 --> 00:40:54,120
Speaker 5: the life on my Instagram just because I wantn't to

969
00:40:54,120 --> 00:40:54,719
Speaker 5: be that kind of.

970
00:40:54,640 --> 00:40:55,920
Speaker 4: Person and it's so fun.

971
00:40:56,400 --> 00:40:59,239
Speaker 1: It's funny. Do you want people love it?

972
00:40:59,560 --> 00:41:01,160
Speaker 5: But yeah, I was sort of up at six and

973
00:41:01,200 --> 00:41:05,040
Speaker 5: I was doing some emails and I didn't get nasty comments,

974
00:41:05,040 --> 00:41:07,840
Speaker 5: but they were quite confronting because people were obviously a

975
00:41:07,880 --> 00:41:09,839
Speaker 5: bit spiky about that, and they're like, why are doing

976
00:41:09,840 --> 00:41:11,200
Speaker 5: emails at six I am, And I'm like, well, I

977
00:41:11,239 --> 00:41:13,520
Speaker 5: work eight thirty to six, So when else am I

978
00:41:13,520 --> 00:41:15,520
Speaker 5: going to do that? I think I get energy form

979
00:41:15,520 --> 00:41:18,720
Speaker 5: my side hustle. I'm very empowered and I feel strong

980
00:41:18,800 --> 00:41:21,000
Speaker 5: and excited and like buzzed for everything else I do

981
00:41:21,040 --> 00:41:24,040
Speaker 5: in my life when I'm doing my side hustles. So

982
00:41:24,239 --> 00:41:26,719
Speaker 5: don't stop doing them just because someone else thinks you're

983
00:41:26,719 --> 00:41:28,600
Speaker 5: burnt out, because you'll know if you're burnt out. I

984
00:41:28,640 --> 00:41:29,799
Speaker 5: know what burnt out feels like.

985
00:41:29,880 --> 00:41:32,000
Speaker 3: So a lot of people don't realize they're burnt out

986
00:41:32,080 --> 00:41:34,360
Speaker 3: until they are burnt out. What are you doing to

987
00:41:34,440 --> 00:41:36,960
Speaker 3: check in with yourself to make sure that you are

988
00:41:37,360 --> 00:41:40,400
Speaker 3: still okay and not tired? Because it can be exhausting

989
00:41:40,400 --> 00:41:42,920
Speaker 3: in itself being told by people that you're tired. But

990
00:41:43,000 --> 00:41:45,560
Speaker 3: how do you identify that you need a little break?

991
00:41:46,000 --> 00:41:49,880
Speaker 5: Yeah, it is difficult to identify besides, you know, I

992
00:41:49,880 --> 00:41:52,239
Speaker 5: fainted at work or something, then you're probably pretty tired.

993
00:41:52,440 --> 00:41:55,520
Speaker 3: Maybe don't let it get that far.

994
00:41:55,719 --> 00:41:57,160
Speaker 4: So how do you check in before then?

995
00:41:57,400 --> 00:42:00,760
Speaker 5: Yeah, exactly. I kind of judge it by my mood.

996
00:42:00,880 --> 00:42:04,840
Speaker 5: I'm generally quite sort of upbeat, chatty kind of person.

997
00:42:05,000 --> 00:42:07,400
Speaker 5: So if I'm finding myself getting really snappy with people,

998
00:42:08,600 --> 00:42:11,120
Speaker 5: I know I'm burnt out, or I have PMT who

999
00:42:11,160 --> 00:42:15,840
Speaker 5: knows or the same we both need to sleep, Or

1000
00:42:15,880 --> 00:42:18,879
Speaker 5: if I'm finding myself not wanting to do the thing,

1001
00:42:19,800 --> 00:42:24,120
Speaker 5: whether it's you know, do Instagram content, or if I

1002
00:42:24,160 --> 00:42:27,719
Speaker 5: often I'll have no ideas. Quite often, like what I

1003
00:42:27,719 --> 00:42:29,279
Speaker 5: post on stories, people always go, how do you know

1004
00:42:29,280 --> 00:42:30,920
Speaker 5: what to post? And I'm like, I don't even think

1005
00:42:30,920 --> 00:42:32,680
Speaker 5: about it. It just it's like a stream.

1006
00:42:32,440 --> 00:42:37,640
Speaker 3: Of copat it out into an Insta story and here

1007
00:42:37,680 --> 00:42:38,000
Speaker 3: we are.

1008
00:42:38,560 --> 00:42:41,040
Speaker 5: So if I've got no ideas, I know I'm burnt out,

1009
00:42:41,160 --> 00:42:44,239
Speaker 5: and you'll you'll have specific cues that you'll probably know

1010
00:42:44,280 --> 00:42:45,960
Speaker 5: from your own personality. It helps if you really know

1011
00:42:46,000 --> 00:42:49,120
Speaker 5: yourself quite well to know when something is off. It

1012
00:42:49,160 --> 00:42:50,840
Speaker 5: might be the way you're communicating, it might be the

1013
00:42:50,840 --> 00:42:53,239
Speaker 5: way you feel. It's not literal tiredness, because often when

1014
00:42:53,239 --> 00:42:55,640
Speaker 5: you're on a high, you won't feel tiredness even if

1015
00:42:55,640 --> 00:42:58,640
Speaker 5: you're exhausted. So try and pick up on other cues

1016
00:42:58,840 --> 00:43:00,480
Speaker 5: or ask a partner or a friend and if they

1017
00:43:00,520 --> 00:43:02,359
Speaker 5: ever noticed when you're a bit different and actually call

1018
00:43:02,400 --> 00:43:03,880
Speaker 5: you out on that, and it might be a good

1019
00:43:04,120 --> 00:43:05,640
Speaker 5: indicator that you're doing too much.

1020
00:43:05,760 --> 00:43:07,640
Speaker 3: I love that, and I think it's really important to

1021
00:43:07,680 --> 00:43:09,719
Speaker 3: point out here that just because you have a side

1022
00:43:09,800 --> 00:43:13,000
Speaker 3: hustle doesn't mean you have to be this like hustle personality.

1023
00:43:13,120 --> 00:43:15,359
Speaker 3: Like you can take a nap, you can step back

1024
00:43:15,400 --> 00:43:17,880
Speaker 3: and say, Okay, I'm going to do what's best for me,

1025
00:43:17,960 --> 00:43:20,040
Speaker 3: and at the end of the day, doing a side hustle,

1026
00:43:20,640 --> 00:43:23,920
Speaker 3: regardless of your passion or regardless of the reason you're

1027
00:43:23,960 --> 00:43:27,280
Speaker 3: doing it, it's actually to increase the way you live life.

1028
00:43:27,360 --> 00:43:29,440
Speaker 4: It's to add value to.

1029
00:43:29,440 --> 00:43:32,759
Speaker 3: Your life, either through the content you're creating or the

1030
00:43:33,080 --> 00:43:35,520
Speaker 3: activity that you're doing, or through the money that you

1031
00:43:35,640 --> 00:43:38,640
Speaker 3: get to go on another holiday, or you know, be

1032
00:43:38,680 --> 00:43:41,720
Speaker 3: able to afford something that you weren't able to afford before,

1033
00:43:42,120 --> 00:43:44,200
Speaker 3: or pay off more of your mortgage. Like however you're

1034
00:43:44,280 --> 00:43:46,000
Speaker 3: using that, I think you need to step back and go,

1035
00:43:46,160 --> 00:43:48,560
Speaker 3: Is this worth it? And am I giving myself enough

1036
00:43:48,560 --> 00:43:51,359
Speaker 3: space to be happy and be present? And if you're not,

1037
00:43:51,800 --> 00:43:52,920
Speaker 3: maybe have a think about it.

1038
00:43:53,000 --> 00:43:55,279
Speaker 4: So I love that. Yeah, thank you so much for

1039
00:43:55,360 --> 00:43:55,839
Speaker 4: sharing it.

1040
00:43:59,520 --> 00:44:01,359
Speaker 2: That is all we have time for on our Side

1041
00:44:01,440 --> 00:44:04,680
Speaker 2: Hustle podcast today. But before we head off, let's wrap

1042
00:44:04,680 --> 00:44:07,759
Speaker 2: the boring but important stuff. The advice shared on Shees

1043
00:44:07,800 --> 00:44:09,640
Speaker 2: on the Money is general in nature and does not

1044
00:44:09,680 --> 00:44:11,640
Speaker 2: consider your individual circumstances.

1045
00:44:12,000 --> 00:44:12,560
Speaker 4: She's on the.

1046
00:44:12,520 --> 00:44:15,680
Speaker 2: Money exists purely for educational purposes and should not be

1047
00:44:15,719 --> 00:44:19,000
Speaker 2: relied upon to make an investment or financial decision. And

1048
00:44:19,200 --> 00:44:23,080
Speaker 2: fear not, We promise. Victoria Divine is an authorized representative

1049
00:44:23,160 --> 00:44:27,719
Speaker 2: of Consultant Financial Advisors Proprietary Limited ABN sixty five double

1050
00:44:27,760 --> 00:44:31,200
Speaker 2: zero six three seven three double nine to five AFOSL

1051
00:44:31,320 --> 00:44:33,000
Speaker 2: two three zero three two three.

1052
00:44:33,120 --> 00:44:35,120
Speaker 3: We would so love it if you all joined us

1053
00:44:35,120 --> 00:44:37,840
Speaker 3: in our Facebook group, where our community shares tips and

1054
00:44:37,880 --> 00:44:41,200
Speaker 3: tricks every single day, free of judgment. Just search She's

1055
00:44:41,280 --> 00:44:43,880
Speaker 3: on the Money on Facebook and join us. If Facebook's

1056
00:44:43,880 --> 00:44:45,280
Speaker 3: not your thing, you can also find.

1057
00:44:45,160 --> 00:44:45,920
Speaker 4: Us on Instagram.

1058
00:44:45,920 --> 00:44:47,640
Speaker 3: We're it Shees on the Money AUS.

1059
00:44:47,840 --> 00:44:50,000
Speaker 2: Happy hustling guys, See you next week