For over a year now, I’ve been tracking what I’ve been earning each month from side hustling using sharing economy apps. I never really tracked what I was earning before starting this blog – I just knew that I had some extra money coming in. Tracking this income has really opened my eyes up to […]
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Create A Stupid Mistakes Fund For Your Stupid Mistakes
A few months ago, I got into a dumb and completely avoidable bike accident. My wife and I were biking to meet up with a friend that lives not too far from us. The bike path that leads to our friend’s apartment winds its way through campus and part of the path goes through this […]
Why Biglawyers Need To Pay Off Their Loans Fast
A few weeks ago, I ran into a colleague of mine from my old law firm. After exchanging the normal pleasantries, we got to talking about who from our class was still working there. It wasn’t many. I graduated law school back in 2013 and started my first biglaw gig soon after. Just four years […]
FinTech Keeps Pivoting – Pivot With It
One of the things that motivated me to start this blog was a desire to share the tools I use to optimize my finances. Over the past several years, I’ve gotten heavily into the fintech world and I haven’t been shy about trying out new fintech apps. Since I was sharing this stuff with my […]
The Underrated Value Of A Side Hustle For Early Retirement
A lot of people ask me why I waste my time with all of these silly side hustles. To most people, it doesn’t make much sense that someone like me – a lawyer with a perfectly good job – would spend my free time doing things like delivering food to people, renting out a room […]
Be Comfortable With Being Uncomfortable
One of the things that I think holds a lot of people back financially is this total aversion to even a moment of discomfort. Sure, being successful with money requires an ability to handle money well – that’s probably a prerequisite. But I think there’s more to it than that. When it comes to success with money, you’ve got to be comfortable with being uncomfortable.
The price of comfort is pretty high. Living in a luxury apartment, getting food delivered to you, or running that air conditioner throughout the summer is going to cost you. If you opt for 24/7 comfort, you’re basically doing two things that are bad for you financially:
June 2017 Side Hustle Report – $1,071.14
Welcome to this month’s side hustle report! It’s been a busy summer for me, and unfortunately, it’s led to me not posting as often as I’d like. My bad. But, there are some big changes going on with my professional life that I’m hoping will help me get back on track. Can’t wait to share it with you when I get the chance! For now, though, let’s get right to it with this month’s side hustle report.
For those of you that are new to this, each month, I document exactly what I made side hustling using the sharing economy. The nice thing about sharing economy side hustles is that they’re low risk and easy to do. You can start making money immediately and most of the time, you don’t even have to spend any money upfront in order to get started. You can’t say that with pretty much any other business.
How Your Thoughts Affect Your Investments
Hey everyone! Hope everyone’s having a great summer. It’s been a busy couple of weeks in the Panther household. Today, I’ve got a guest post for you from Anum Yoon who blogs over at Current on Currency. In her post, she talks a bit about the psychology that goes into investing. While I don’t recommend investing in individual stocks, her overall message works well for us index investors as well. Enjoy!
What Financial Health Means To Me
I like to think that I’m pretty financially healthy. At 30 years old, I’m in a fairly unique position. I’m currently debt free after paying off nearly six figures worth of student loans in just a few years. I’ve got a sizable emergency fund that should cover me in the event of a disaster. And my net worth continues to grow each year as I continue to push myself to save as much of my income as I possibly can.
We have a plan of attack for my wife’s student loans as well. If all goes as planned, we’ll have her debt paid off within a year or two. A dentist/lawyer couple in their early 30s paying off all of their student loans in just a few years isn’t just a unique proposition. It’s pretty much unheard of.
Why I Decided to Start Investing Before I’m Debt-Free
Today, we’ve got a guest post from Kayla, who writes for Listen Money Matters. It’s sometimes tough to figure out whether to focus on investing or focus on paying off debt first. When I was in my debt pay off phase, I opted to do a minimal amount of investing compared to the salary I was making. I invested around $5,500 in my first year of debt payoff, around $13,000 in my second year, and then invested around $30,000 in my final year of debt repayment. Now that I’m personally debt free, it’s nice that I can aggressively invest and still have the satisfaction of already having a decently sized investment account. In her post, Kayla shares with us some of the reasons she opted to invest, even as she’s paying off her debt.
