9 Minute Money Tips

Funding a Side Hustle with Savings


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Like with anything, starting a  business (or side hustle) costs money. Depending on the type of business, it may cost a lot of money. In many cases, people often forgo savings for a period of time to fund their new venture, with the hope that it will eventually pay for itself. 

So what kind of income will your business need to produce to make up for the savings that you forfeited to start that business?

Link to spreadsheet --> Side Hustle Break Even Analysis

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This podcast is not intended to provide financial or tax advice. The information, services and other content provided on and through this podcast, including information that may be provided in the show notes (directly or via linking to third-party sites), are provided for informational purposes only. Please consult with your tax, investment or other financial professional regarding your personal financial situation. 

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9 Minute Money TipsBy Andy Krafft, CPA, CFP®