Growing up, I played basketball. I was never a great basketball player, mainly because I wasn't ever that interested in basketball. However, I have one key takeaway from my years on the court.
Effort+Applied Knowledge=Better Results
Now, if I had been more into basketball, I may have amped up my efforts, and if I were more into basketball, I may have grown in my knowledge of the game. I expect that if I did either of those, I would have had even better results. Alas, I did not, and now I make fun of the WNBA.
In basketball, the coaches had a word for effort + applied knowledge. The word is hustle.
When a coach yells, "Hustle!" They don't just mean to expend more energy. No, they mean to extend more energy, and predict the right thing to do. Unless you're in a seriously lopsided competition, a team needs hustle to have a chance at winning.
In personal finance, hustle means the same thing. Hustling means extending effort and applied intelligence to make progress towards your financial goals. You know you need to hustle, but sometimes you need a coach to tell you to hustle.
My friend and fellow Minnesotan, David Carlson, will be your coach. Okay, he won't be your coach, but his book Hustle Away Debt will be.
Become a better hustler!
Hustle away Debt is a practical guide to eliminating debt with an emphasis on earning money through a side job or a side business.
Like a good coach, DC wants his readers to become better hustlers. He doesn't want them to benefit merely from quick wins; instead he's interested in developing personal finance players. Players who rock the fundamentals, but who are willing to sacrifice to meet their financial goals.
DC's emphasis on earning more money through side hustles makes a ton of sense to me. An early career salary can only take you so far when it comes to financial goals, and it's too easy to get trapped by "golden handcuffs" if you advance rapidly in your career. Earning money on the side empowers you to change careers, make risky choices, and even advance in your chosen career field.
Earning money on the side is a concept with legs. It can help you through just about any life stage, and DC can teach you how to be a better hustler. He has exercises that help you discover a good hustle for you, he offers time hacks and tool guidance that can help you as you see a business grow, and he even gives practical tips on how to reduce the amount of time you spend commuting.
See an idea come to life
For me, the best part of Hustle Away Debt was the part where DC outlines how to scale a business on the side. I've recently grown to have a higher degree of side hustle success, but scaling my content business hasn't been without challenges.
I felt that DC gave great advice on how to avoid being a victim of financial success. He emphasizes the importance of relationships and proper prioritization when it comes to the hustle. After all, hustle isn't just effort, it's effort and applied intelligence towards meeting a goal. You can hustle after the wrong thing.
Become a better failure
DC also gives some important tips on how to fail well. Honestly, side hustling is tough. I've had dozens of side hustles over the past decade, and not all of them worked out. I had two in particular that seemed like well thought out and well executed ideas that I never managed to monetize. The product "shipped" and I failed.
DC gives advice on this too. One exercise that he recommends is setting a check-in date. The date allows you to say, in X weeks or months, I can evaluate my progress, and if this isn't working, I'll try something new.
When it comes to ideas, you have to be prepared for both, "This might work," and "This might not work" if you can't have both ideas in your head at once, you might let failure paralyze you. Hustle won't allow you to be overcome by failure paralysis. Hustle means that when you fail, you'll try something different, and you'll try something better.
I'm a wife, a mom, an employee, and a personal finance nerd who is devoted to spreadsheeting my way through life.