How to Use Side Hustles to Pay Off Debt
Laura interviews David Carlson, author of the new book Hustle Away Debt. If you’re ready to tackle debt or just have more security, starting a side hustle can be a financial lifeline. Find out the main types to consider, even if your 9-to-5 job leaves you with little time to spare.
David Carlson is the founder of the blog Young Adult Money and the author of Hustle Away Debt: Eliminate Your Debt by Making More Money. David is a millennial who was drowning in more than $100,000 of student loan debt until he found creative solutions to earn more instead of just cutting back his expenses.
His book shows how different types of side hustles can help you develop new sources of income that allow you to pay off your debt faster. In this interview, we discuss how side hustles can also enhance your full-time job and help you explore new career skills and fields that you might not have otherwise worked in.
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Some of the topics David and I cover in this interview include:
An often overlooked opportunity are local side hustles where you provide a service in your community to make quick money.
– David Carlson
- 5 main types of side hustles that help you earn more
- How to choose the right kind of money-making endeavor for your situation
- The most profitable side hustles and when to get out of an unprofitable one
- How to begin making extra income even if you have little time to spare
- The synergies side hustles offer that can improve your entire financial life
If you’re interested in earning more, while keeping your 9-to-5 job, I think you’ll take away some great ideas and tips from my conversation with David. No matter if you’re anxious to tackle large debts, build an emergency fund, or save more for retirement, having a side hustle can be a fun adventure that’s also a financial lifeline.
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About the Author
Laura Adams received an MBA from the University of Florida. She’s an award-winning personal finance author, speaker, and consumer advocate who is a frequent, trusted source for the national media. Money-Smart Solopreneur: A Personal Finance System for Freelancers, Entrepreneurs, and Side-Hustlers is her newest title. Laura’s previous book, Debt-Free Blueprint: How to Get Out of Debt and Build a Financial Life You Love, was an Amazon #1 New Release. Do you have a money question? Call the Money Girl listener line at 302-364-0308. Your question could be featured on the show.
