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Episode 1401:
Kevin Ha from Financial Panther.com shares insights on creating a "side hustle emergency fund" to safeguard against job loss. By developing multiple income streams through side hustles, you can ensure continuous financial stability without relying solely on cash savings.
Read along with the original article(s) here: https://financialpanther.com/side-hustle-emergency-fund/
Quotes to ponder:
"One of the best ways to guard against a potential job loss is to create an emergency fund. But perhaps an even better thing you can do is to set things up so that if something does happen to your job, you have other jobs still waiting for you."
"Instead of having to dig into your cash savings, you’ll be able to dig into your side hustles and make ends meet."
"An Airbnb property takes time to build up reviews. Dogsitting on Rover is slow going at the beginning when you have no reviews and no repeat clients."
Episode references:
Rover: https://www.rover.com
Postmates: https://postmates.com
DoorDash: https://www.doordash.com
Uber Eats: https://www.ubereats.com
Wag: https://wagwalking.com
Airbnb: https://www.airbnb.com
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