The Side Hustle Snowball: How to “Erase” Your Expenses with Extra Income Streams
I want to introduce a concept I call The Side Hustle Snowball.
If you’ve heard about Dave Ramsey’s “Debt Snowball” framework, this may sound familiar.
Here’s how The Side Hustle Snowball works:
You itemize out your expenses and then aim to come up with side hustle income to cover them, starting with the smallest and working your way up.
Once you reach the bottom of your list, you don’t need your job anymore!
The reason I like this framework is setting out to replace your income with a side business can be a daunting task. The Snowball approach breaks it down into mini-victories and lets you celebrate your progress along the way.
And just like a real snowball, it picks up steam, size, and momentum as it gets rolling.
Let’s look at some real-life examples of how you can make extra money. What follows are some of my actual monthly expenses*, and how we mentally zero them out with job-free income.
