This Business News Story Was Uncovered By Us From: https://www.youngadultmoney.com/side-hustle-improve-retirement-savings/
This selected trade connected news Feature, was chosen specifically by Marcus lee, who is one of our undercover online business News flash reporters – will provide you more insight in how these points of discussion could be translated into your own business Launchs.
When you hear about side hustles, most of the focus is around paying off debt faster.
This should come as no surprise, as most Americans – especially millennials – have a lot of debt. From credit card debt to student loans to mortgages, Americans have taken on a lot of debt.
Side hustles are one way to help pay off that debt faster. My entire first book was inspired by my wife and my efforts to make an extra $1,000 a month in side hustle income to help cover our monthly student loan payments.
Contributing side hustle income towards debt is great, but I want to flip the script a bit in this post. I’ve seen a huge response to my posts about investing, especially How Much Money You Will Need to Make $1,000 in Dividends and How Much Money Would You Need to Live off Dividend Income?. It makes working hard and hustling a little easier if you have a vision of getting $1,000 a month in (truly) passive dividend income.
With that in mind I wanted to share a couple examples of how even a small side hustle income of $300 and $500 could have on your finances, specifically in terms of retirement savings. Then we’ll up the ante and see what $1,500 of side hustle income would have on your retirement savings.
Yes, many people will leverag… Read More
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