7 Income Streams To Build Wealth with Jade Warshaw
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Published 2024-05-13
About this episode:
If youāve got a full-time job, finding the time for a side hustle can feel impossible. In todayās video, Jade Warshaw and I share our favorite ways to make some extra money so you can create a new income stream without losing your current one.
Next Steps:
āļø Side Hustle Quiz: ter.li/o8jixn
š Moneyās Not a Math Problem: ter.li/6oroar
šø Open a high-yield savings account and make your savings work harder for you. Check it out here: www.laurelroad.com/partnerships/george/?utm_sourceā¦
š„ 5 Side Hustles I Used to Build Wealth: Ā Ā Ā ā¢Ā 5Ā SideĀ HustlesĀ IĀ UsedĀ toĀ BuildĀ WealthĀ Ā
š Order George Kamelās new book, Breaking Free From Broke. bit.ly/48d7So4
Offers From Today's Sponsor:
This episode is sponsored by Tello, a mobile service plan designed to save you money. Go to www.tello.com/George for $5 off your first month of Telloās unlimited data plan.
Listen to more from Ramsey Network
šļø The Ramsey Show ā® ter.li/nrgexc
š” The Rachel Cruze Show ā® ter.li/gyh9k6
šø Smart Money Happy Hour ā® ter.li/ruezqk
šø The Ramsey Show Highlights ā® ter.li/yc3i4v
š§ The Dr. John Delony Show ā® ter.li/sii4ha
š¼ The Ken Coleman Show - Highlights ā® ter.li/nbekmn
šEntreLeadership ā® ter.li/81tcjn
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All Comments (21)
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Rather of relying on penny stocks, I wish to diversify my assets by investing in ETFs/index funds/mutual funds and stocks of corporations with stable cash flows. I received 350k from the selling of my El-Paso property. What should I do?
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Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.
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I had initially planned to retire at 62, work part-time, and save money, but the impact of high prices on various goods and services has significantly disrupted my retirement plan. I'm worried about whether those who experienced the 2008 financial crisis had it easier than I currently am. The volatility of the stock market is a concern as my income has decreased, and I fear that I won't be able to contribute as much as before, potentially jeopardizing my retirement savings.
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The Asian bling or display of wealth seems to be the most elaborate of all races. It's mind-blowing sometimes the extent they get to.
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It's kind of weird that the Ramsey team always recommends "sell something" as a way to generate cash, but poo-poo's starting a reselling business as a viable way to earn a living. When my company closed during the pandemic, I started reselling my own stuff and only earned a few hundred dollars the first couple months. Then I started thrifting and built my own home-based business reselling clothes and home decor online. Now I earn more than I did working for a company, set my own schedule and love what I do!
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I love all the Ramsey crew, but you have a way of making everything lighter. Totally enjoy all your content.
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I'm 55 years and I retired at 51. I was able to do this because I understand four pricinciples of financial planning success think long term with goals and investing, spend less than you earn maintain liquidity (an emergency savings) minimize the use of debt
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If available, go back to your old job and ask if they need help with anything. Easy side hustle money. As long as you left on good terms that is
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The constant plugging of hustle culture is exhausting.
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Iām a flight attendant by trade, so Iām not sure how I could consult for my job, really. š But I want to share what Iām currently working on as my side hustle! I am coordinating my second wedding at the end of this month. Iām very organized and love weddings, and I actually really enjoy this! I donāt want to be a full-on wedding planner, but I love putting all the details together, talking to their vendors, and then just supervising the day and keeping everything on time!
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Loved seeing Jade again. The editors did a good job with the funny clips in this video. Also, itās great to have sponsors that are relevant to the reasons people watch your content. Iāve been wondering where people get these 5% interest ratesāitās good to know nowā¦
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Hi George and Jade. You two are my heroes. January of 2023 you talked me out of selling a condo and moving my wife and baby in with my parents. You showed me how I could be debt free in 2 years, 18 months if I was aggressive. Well we had another baby and went extreme since the beginning of the year. We are out of the hole with 3 months emergency expenses. We did end up selling the condo but we're renting in the town we work for less than our mortgage while stacking up cash to buy a house the right way
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George and Jade!!! Love you both, thanks for sharing your stories and helping others. Y'all keep up the great work!!! - Love from TEXAS!!!
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Catering in a big city like Nashville is pretty nice, just a few evenings a week (after your day job or Saturday's) for $30 an hour and you take home food that lasts for days (which is a lot of additional food savings)
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You 2 are my fav personalitiesā¤ā¤ enjoyed the Total Money Makeover Event this past weekend ššā¤ļøā¤ļø
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For the last 3 years Iāve had co-hosting a podcast as my main side hustle, but since discovering Ramsey and being on Baby Step 2 Iāve also picked up part time work as a marketing specialist and being an editor for another podcast. My days are FILLED but the extra income has been amazing in helping me blast through Baby Step 2, and I also enjoy the side work!
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Jade needs her own show!!!! My fav š
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Translation/ interpretation can be a good side hustle.
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YouTube is my side hustle! Hoping to get it to the point that it helps us finish baby step 3b š loved all the ideas here!
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I want to get into the market now and ride it out until the economy improves, since inflation is currently at 3.70%. I'm assembling a $350,000 stock and exchange-traded fund (ETF) portfolio. Are there any suggestions you have that have good cash flow?
