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2020 was the year of the side hustle. People started to find ways to monetize their hobbies, create services, and capitalize on their talents. While some people are just now catching on, today’s guest, Jannese Torres-Rodriguez, was ahead of the curve. It all started with a food blog she started for fun that has turned into a passive income for her $320,000 salary composed solely from her various “side hustles.”
Before the start of her money journey, Jannese was on the traditional path to what most would consider the ideal type of success. She not only graduated from college but got her master's in pharmaceuticals and landed a job that led to her dream, a six-figure salary. Despite this, she was still unhappy and soon realized she was unaligned with the power of money. Over time, she made several lifestyle changes and started learning about financial independence. Using what she learned, Jannese finished paying off her $57,000 student loans and became debt-free in February of 2020.
After 5+ years of accruing income from her food blog, Jannese discovered she could make her side hustles a full-time business and finally be fulfilled by the work she was doing. She began a podcast about financial independence that aims to help people of color and people who don’t know anything about financial freedom. She also does virtual workshops, digital courses, and brand partnerships as well as several other services that contribute to her income. Jannese is a perfect example that you don’t have to give up what you love to make money, you just have to capitalize on it.
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Check out Jannese’s Food Blog:
www.delishdlites.com/
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Listen to Jannese’s Financial Independence Podcast:
yoquierodineropodcast.com/
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Learn More about Financial Freedom from Jamilia Souffrant:
journeytolaunch.com/
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Check Out Doug on The “Mile High FI” Podcast:
milehighfi.com/
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How to be Financially Free by 40:
www.biggerpockets.com/blog/be...
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The #1 Reason Side Hustles Fail to Become Businesses:
www.biggerpockets.com/blog/bi...
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Join the BiggerPockets Money Facebook Group:
/ bpmoney
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Guests: www.biggerpockets.com/guest
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Follow Doug on Twitter:
@nichesitepm or / nichesitepm
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Follow Mindy on Instagram:
@mindyatbp or / mindyatbp
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Episode #263
0:00 Intro
2:26 A Quarter-Life Financial Crisis
9:03 Finding Financial Independence
14:59 Getting Support From a Significant Other
15:55 Using Excessive Spending & Frequent Vacations to Cope
19:21 When Not to Own Real Estate
23:41 Moving Jobs & Becoming a Full-Time Entrepreneur
25:26 From Side Hustles to a Full-Time Business
31:30 Finding a Team & Outsourcing Work
34:03 The Time Commitment to Side Hustles
36:00 Finding a Niche Target Market
40:06 The Value of Diversifying Income
49:01 The Challenges of Self-Employment
54:12 Imposter Syndrome & Overcoming Shyness
59:14 Using 9-5 Skills in a Side Hustle
1:02:51 When to Drop a Side Hustle
1:06:10 Famous Four
1:08:46 Ready to Start Your 6-Figure Side Hustle?
Show notes at: www.biggerpockets.com/moneysh...