HORRIBLE ADVICE ON MONEY #shorts

12 Apr 2021

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Neel Dhingra argues a side hustle earning $1,000 a month beats cutting your $5 daily Starbucks run. The math: skipping coffee saves $1,300 a year, but four clients at $250 each gets you $12,000 to invest.

Questions this video answers

$5 per day, 5 days per week → ~$1,300 per year (speaker's calculation).

4 clients at $250 each per month → $1,000 per month.

$12,000 per year (speaker's calculation).

If you want to hear some horrible advice, the money gurus will tell you to cut all expenses and save every last dollar. Like this Starbucks here. I spend $5 a day, five days a week. If I cut that out, I'll save $1,300 by the end of the year. Or I could start a side hustle where I help small businesses with online marketing and admin work. 4 clients, $250 each a month. That's $1,000 a month. 12k by the end of the year. $12,000 to invest. For most people, it's going to be way more effective to focus on making money, not saving it.