Financial Panther - Page 61 of 62 - A Lawyer Side Hustling Towards Financial Independence

Your Income Doesn’t Always Go Up – The Importance of Living On Less.

Last Updated on January 12, 2021August 3, 2016 6 Comments
This post may contain affiliate links.Financial Panther has partnered with AwardWallet and CardRatings for our coverage of credit card products. Financial Panther, AwardWallet, and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

One of the assumptions a lot of people make when thinking about their income is that it will always go up. There’s this general belief that the amount you are earning today will just naturally increase. Each year, you’ll do better at your job, you’ll get a raise, and you’ll just make more money.

The thing is, this isn’t always true. Your income doesn’t stick to a single trajectory. It can go up or down. And heck, over the long term, there’s no guarantee that your income will rise…

Kevin is an attorney and the blogger behind Financial Panther, a blog about personal finance, travel hacking, and side hustling using the sharing economy. He paid off $87,000 worth of student loans in just 2.5 years by choosing not to live like a big shot lawyer.

Kevin is passionate about earning money using the sharing economy and you can see all the ways he makes extra income every month in his side hustle reports.

Kevin is also big on using the latest fintech apps to improve his finances. Some of Kevin's favorite fintech apps include:

Personal Capital. One of best free apps you can use to monitor your portfolio and track your net worth. This is one of the apps Kevin uses to track his financial accounts.
SoFi Money. A really good checking account with absolutely no fees. You'll get a $50 welcome bonus if you open an account and fund it with at least $500.
M1 Finance. This is a great robo-advisor that has no fees and allows you to create a customized portfolio based on your risk tolerance. You also get $10 for opening an account.
Dobot. This is a great microsaving app that monitors the cash flow in your bank account and saves away small amounts for you each week. It's free and you'll get $5 when you use it.

[mailchimptm]

Feel free to send Kevin a message here.

Your Spare Change Should Be Saved, Not Invested

Last Updated on April 13, 2017July 29, 2016 10 Comments
This post may contain affiliate links.Financial Panther has partnered with AwardWallet and CardRatings for our coverage of credit card products. Financial Panther, AwardWallet, and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

We all probably remember – or maybe some of you still have – the jar full of change that we would drop our coins into at the end of the day. I remember as a kid lugging big jars full of change to my local bank, watching them clink around the coin counting machine, and walking out of the bank with cold hard cash. It’s amazing to think that I had a couple hundred bucks sitting around in a jar!

This process of saving up small amounts is called microsaving. Basically, doing a small amount of saving over time (such as gathering up your leftover change) can add up to a pretty decent chunk of money in the end…

Kevin is passionate about earning money using the sharing economy and you can see all the ways he makes extra income every month in his side hustle reports.

Kevin is also big on using the latest fintech apps to improve his finances. Some of Kevin's favorite fintech apps include:

Personal Capital. One of best free apps you can use to monitor your portfolio and track your net worth. This is one of the apps Kevin uses to track his financial accounts.
SoFi Money. A really good checking account with absolutely no fees. You'll get a $50 welcome bonus if you open an account and fund it with at least $500.
M1 Finance. This is a great robo-advisor that has no fees and allows you to create a customized portfolio based on your risk tolerance. You also get $10 for opening an account.
Dobot. This is a great microsaving app that monitors the cash flow in your bank account and saves away small amounts for you each week. It's free and you'll get $5 when you use it.

[mailchimptm]

Feel free to send Kevin a message here.

Getting On The Same Financial Page Before Marriage

Last Updated on October 31, 2018July 25, 2016 5 Comments
This post may contain affiliate links.Financial Panther has partnered with AwardWallet and CardRatings for our coverage of credit card products. Financial Panther, AwardWallet, and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

Yours truly got out of debt in June 2016. This month, I didn’t have to pay a student loan bill for the first time in over 2 years and I’ll tell you, it felt weird. But it’s such an amazing feeling.

So here’s what’s crazy. I just got out of debt. And I’m going to be going right back into debt again. You see, Ms. Financial Panther and I are getting married next year and she has $130k in student loan debt. Ouch! What’s yours is mine though, right?

I’m not worried however. We’re both pretty smart (I think), work in high earning professions, and expect to make a very good household income…

Kevin is passionate about earning money using the sharing economy and you can see all the ways he makes extra income every month in his side hustle reports.

Kevin is also big on using the latest fintech apps to improve his finances. Some of Kevin's favorite fintech apps include:

Personal Capital. One of best free apps you can use to monitor your portfolio and track your net worth. This is one of the apps Kevin uses to track his financial accounts.
SoFi Money. A really good checking account with absolutely no fees. You'll get a $50 welcome bonus if you open an account and fund it with at least $500.
M1 Finance. This is a great robo-advisor that has no fees and allows you to create a customized portfolio based on your risk tolerance. You also get $10 for opening an account.
Dobot. This is a great microsaving app that monitors the cash flow in your bank account and saves away small amounts for you each week. It's free and you'll get $5 when you use it.

[mailchimptm]

Feel free to send Kevin a message here.

If You Are Young And Have A High Income: Treat It As A Windfall

Last Updated on January 27, 2021July 18, 2016 16 Comments
This post may contain affiliate links.Financial Panther has partnered with AwardWallet and CardRatings for our coverage of credit card products. Financial Panther, AwardWallet, and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

By almost any measure, I had hit the jackpot. I graduated from law school in 2013, with honors, and landed a job at one of the largest law firms in the midwest. In an era when law students were – and still are – frequently finding themselves unemployed or underemployed, I was one of the “lucky” ones. My starting salary in my first ever real job was $110,000 per year. Here I was, a 26 year old kid making a salary that my middle class parents had never earned in their entire lives. The most I had ever earned in a year before was about $20,000.

According to the Bureau of Labor Statistics, the average salary for 25-34 year olds in the United States is $38,324 a year. I was making nearly 3 times that amount. By 2016, my salary rose to $125,000 per year. I was a baller!

But, like almost all new lawyers (or almost anyone entering a high paying professional field), I also had sizable student loan debt: about $87,000 worth.

Kevin is passionate about earning money using the sharing economy and you can see all the ways he makes extra income every month in his side hustle reports.

Kevin is also big on using the latest fintech apps to improve his finances. Some of Kevin's favorite fintech apps include:

Personal Capital. One of best free apps you can use to monitor your portfolio and track your net worth. This is one of the apps Kevin uses to track his financial accounts.
SoFi Money. A really good checking account with absolutely no fees. You'll get a $50 welcome bonus if you open an account and fund it with at least $500.
M1 Finance. This is a great robo-advisor that has no fees and allows you to create a customized portfolio based on your risk tolerance. You also get $10 for opening an account.
Dobot. This is a great microsaving app that monitors the cash flow in your bank account and saves away small amounts for you each week. It's free and you'll get $5 when you use it.

[mailchimptm]

Feel free to send Kevin a message here.

June 2016 Side Hustle Report – $2,496.96

Last Updated on March 20, 2017July 10, 2016 6 Comments
This post may contain affiliate links.Financial Panther has partnered with AwardWallet and CardRatings for our coverage of credit card products. Financial Panther, AwardWallet, and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

One feature I thought I’d put on this blog is a monthly Side Hustle Report to track my side hustle income.

What I love most about side hustling is how easy it is to develop a side hustle today. Back in the old days, you really needed a specific skill, maybe needed to develop a website, and definitely needed a way to reach customers.

That’s all changed with the new sharing economy platforms that have sprung up in the past few years – think Airbnb, Uber, Postmates, etc. For anyone looking to make a couple extra bucks a month I always recommend getting involved in these sharing economy platforms.

Kevin is passionate about earning money using the sharing economy and you can see all the ways he makes extra income every month in his side hustle reports.

Kevin is also big on using the latest fintech apps to improve his finances. Some of Kevin's favorite fintech apps include:

Personal Capital. One of best free apps you can use to monitor your portfolio and track your net worth. This is one of the apps Kevin uses to track his financial accounts.
SoFi Money. A really good checking account with absolutely no fees. You'll get a $50 welcome bonus if you open an account and fund it with at least $500.
M1 Finance. This is a great robo-advisor that has no fees and allows you to create a customized portfolio based on your risk tolerance. You also get $10 for opening an account.
Dobot. This is a great microsaving app that monitors the cash flow in your bank account and saves away small amounts for you each week. It's free and you'll get $5 when you use it.

[mailchimptm]

Feel free to send Kevin a message here.