The Personal Finance Hour – Making More Money Episode Recap

Last night I had the pleasure of listening to the Personal Finance Hour live for the first time.  This show, hosted by JD Roth of Get Rich Slowly and Jim Wang of Bargaineering, offers an excellent weekly discussion on all topics personal finance.  This week’s show topic was about making extra money.  The enthusiasm of JD, Jim and the live listeners was palpable with lots of activity in the chat room throughout the show.  Additionally, there were plenty of callers to chime in about how they make extra money.

Ashton Kutcher sporting his John Deere hat

Ashton Kutcher sporting his John Deere hat

The show started with Jim discussing how he took advantage of the John Deere hat fad in the early 2000’s made popular by Ashton Kutcher.  While Jim was in college he went and purchased these hats for $12 or so and then turned around and sold them on eBay for $30-$50.  Jim stated this was the first time he caught a trend as it was coming into its own and he made a significant profit from the reselling of these hats.

The calls started and Adam from Man vs. Debt, called in from his new home in Australia.  He discussed if he and his family moved again to another location, they would look into teaching English as a second language.  This is a great idea if you want to travel and live in another country for an extended period of time.   In some areas teachers are treated so well that the schools will even pay room and board while you are working for them.   What makes this an intriguing opportunity is that teaching English in a foreign country may not require you to know the native language.   Overseas, we Americans have a marketable skill in our ability to speak English.   Taking advantage of your marketable skills is the best and easiest way to make extra income.   (Best of luck to Adam and his family if they make another move.)

Next Martha, Jim’s wife, called in and discussed the benefits of finding a hobby that you can make money with.  Specifically, Jim’s sister makes jewelry on the side of her teaching career and sells them on Etsy (allthatglistens.etsy.com) as a way of making some extra money.  Martha further mentioned the idea of selling items at a flea market if you have a good that may have a niche market that people are willing to pay for (canned goods, dog biscuits, etc.).  JD mentioned later in the show another hobby that could become profitable, photography.  Selling your photos to friends, at a flea market, or to magazines could be a way to subsidize your photography hobby.

Fortunately, I had the opportunity to get on the show and discuss the methods I have found to make extra cash.  I detailed all of my side jobs from delivering pizzas, working as a concierge at an apartment building, and working for credit towards my hockey league fees as a scorekeeper for the league.  JD and Jim agreed that working so many jobs can be stressful, but when you are goal driven (paying down debt, building an emergency fund, maxing out your Roth IRA) working so much may be an easier pill to swallow.

The next caller called in and discussed sales jobs, or commission based jobs, that can provide extra income on the side.  Neal, the caller, closed with an interesting example and a very smart point.  He says his skills lay within the framework of sales and salesmanship, however he is not someone to come up with ideas the way Jim did earlier with the John Deere hats.  I believe that what Neal said is very profound, as I don’t consider myself to be an “idea” person either, but I feel I am the “go get it done” kind of guy.  Neal is someone that is a “sales” guy and Jim (in this example) is an “idea” guy.  It pays to know your strengths and then to try utilize those strengths to better position yourself for future opportunities.

Jim and JD spent a moment after Neal’s call to mention that one should be weary of multi-level marketing sales jobs that may require you to purchase the items prior to selling them.  Furthermore there are networks that require you to pay up front for the opportunity to sell their goods or take part in their money making schemes.  All of these types of opportunities should be entered into cautiously and with deliberation.

The next caller discussed a website called JustAnswer.com.  JD’s wife actually wrote a post about this site a few weeks ago.  The service works by having people ask a question and then bid for an expert to answer their question (usually $7-$15 per question).  Becoming an expert in a specific area requires an aptitude test, but according to the caller, an expert can make around $50 a day by just answering questions in an area in which you are proficient.

The final caller asked Jim and JD for ideas on how to make his passion of television and video into a money making hobby.   They offered great advice by saying that he could try and become a wedding videographer, or better yet, to try and find someone that would allow him to take up an apprenticeship.   This would allow him an opportunity to learn while not having to pay the large overhead of equipment, etc.   Additionally, he would have the chance to build a portfolio to better market himself in the future.

The Personal Finance Hour is a fantastic show, but this episode was firing on all cylinders.   Surely JD, Jim and the listeners could have continued for another full hour without missing a beat.   If you haven’t been following the show prior to last night’s episode, here is the list of topics that have been discussed to date:

  • Emergency Funds
  • Finding Balance
  • Coupled Finance
  • Buying a Car
  • Travel Tips
  • Gardening
  • Pets (Cats, Dogs, Bears, oh My!)
  • Starting and Entertaining a Family
  • Finding a Financial Planner
  • Frugal Weekend Ideas

This podcast has real value for those that are just starting to become interested in personal finance, or for those that are always looking to build upon their wealth of knowledge.   Jim and JD are entertaining and offer advice based on experience and sound financial strategies.

76 Responses to The Personal Finance Hour – Making More Money Episode Recap
  1. Health and Fitness
    April 19, 2018 | 3:54 am

    As a Newbie, I am constantly searching online for articles that can be of assistance to me. Thank you

  2. Health and Fitness
    April 19, 2018 | 4:15 am

    Thank you so much for giving everyone a very special possiblity to read articles and blog posts from this blog. It’s always so nice plus packed with a great time for me and my office co-workers to visit your blog on the least 3 times in 7 days to read the newest guidance you have. And indeed, we’re at all times impressed considering the unique knowledge you serve. Selected 3 points on this page are completely the most impressive we have all had.

  3. Health and Fitness
    April 19, 2018 | 7:47 am

    Hello.This article was extremely interesting, especially because I was browsing for thoughts on this issue last Friday.

  4. Health and Fitness
    April 19, 2018 | 10:00 am

    It’s in point of fact a nice and helpful piece of info. I am glad that you just shared this helpful information with us. Please stay us informed like this. Thanks for sharing.

  5. Fashion
    April 19, 2018 | 11:15 am

    Hi my loved one! I wish to say that this article is awesome, nice written and come with almost all important infos. I would like to see extra posts like this.

  6. Forrest Winchell
    April 19, 2018 | 11:59 am

    I am no longer positive where you’re getting your information, however good topic. I needs to spend a while finding out more or working out more. Thanks for wonderful information I was in search of this info for my mission.

  7. RetsPro Reviews
    April 19, 2018 | 12:14 pm

    RETSPRO reviews and details are accessible inside our community forums. RETS PRO serves a fabulous network of developers and real estate teams who require the ultimate flexibility of their IDX output. RETS PRO wordpress real estate plugin is the best software program suitable for any real-estate website developer. RETSPRO was built with regard to web-developers to allow them with the various tools to totally customize a web site for any real-estate clients.

  8. Health and Fitness
    April 19, 2018 | 12:34 pm

    Great info and right to the point. I don’t know if this is actually the best place to ask but do you guys have any ideea where to get some professional writers? Thanks in advance 🙂

  9. Health and Fitness
    April 19, 2018 | 5:49 pm

    You can certainly see your enthusiasm within the work you write. The world hopes for even more passionate writers like you who aren’t afraid to mention how they believe. All the time go after your heart.

  10. Kid's Educations
    April 19, 2018 | 10:25 pm

    Hi there very cool site!! Guy .. Beautiful .. Superb .. I’ll bookmark your blog and take the feeds additionally¡KI am happy to seek out a lot of helpful information here in the submit, we need develop more techniques on this regard, thank you for sharing. . . . . .

  11. Electronics Reseller
    April 19, 2018 | 10:25 pm

    Pretty nice post. I just stumbled upon your blog and wished to say that I’ve really enjoyed surfing around your blog posts. After all I’ll be subscribing to your rss feed and I hope you write again very soon!

  12. Kitchen Design Ideas
    April 19, 2018 | 10:25 pm

    Hi there, You’ve done an excellent job. I’ll definitely digg it and personally recommend to my friends. I’m sure they’ll be benefited from this site.

  13. Website Business Ideas
    April 19, 2018 | 10:26 pm

    I’m not sure where you are getting your information, but great topic. I needs to spend some time learning much more or understanding more. Thanks for great information I was looking for this information for my mission.

  14. Health and Fitness
    April 19, 2018 | 11:22 pm

    You really make it seem so easy with your presentation but I find this topic to be really something which I think I would never understand. It seems too complicated and extremely broad for me. I am looking forward for your next post, I’ll try to get the hang of it!

  15. Health and Fitness
    April 20, 2018 | 1:41 am

    I’m very happy to read this. This is the kind of manual that needs to be given and not the random misinformation that is at the other blogs. Appreciate your sharing this greatest doc.

  16. Health and Fitness
    April 20, 2018 | 2:18 am

    I like the efforts you have put in this, appreciate it for all the great posts.

  17. News
    April 20, 2018 | 2:42 am

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  18. Health and Fitness
    April 20, 2018 | 5:38 am

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  19. Health and Fitness
    April 20, 2018 | 9:21 am

    I gotta favorite this web site it seems very beneficial extremely helpful

  20. Health and Fitness
    April 20, 2018 | 11:55 am

    Very interesting subject , thankyou for posting . “I am convinced that life in a physical body is meant to be an ecstatic experience.” by Shakti Gawain.

  21. Health and Fitness
    April 20, 2018 | 1:25 pm

    Perfectly pent content , thanks for selective information .

  22. Health and Fitness
    April 20, 2018 | 1:37 pm

    You are my aspiration, I possess few web logs and sometimes run out from post :). “‘Tis the most tender part of love, each other to forgive.” by John Sheffield.

  23. News
    April 20, 2018 | 2:46 pm

    Heya i’m for the first time here. I found this board and I find It really useful & it helped me out a lot. I hope to give something back and aid others like you helped me.

  24. Health and Fitness
    April 20, 2018 | 5:12 pm

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  25. Health and Fitness
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  26. Health and Fitness
    April 20, 2018 | 9:47 pm

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Leave a Reply


Wanting to leave an <em>phasis on your comment?

Trackback URL http://mynextbuck.com/the-personal-finance-hour-making-more-money-episode-recap/trackback/

The Personal Finance Hour – Making More Money Episode Recap

Last night I had the pleasure of listening to the Personal Finance Hour live for the first time.  This show, hosted by JD Roth of Get Rich Slowly and Jim Wang of Bargaineering, offers an excellent weekly discussion on all topics personal finance.  This week’s show topic was about making extra money.  The enthusiasm of JD, Jim and the live listeners was palpable with lots of activity in the chat room throughout the show.  Additionally, there were plenty of callers to chime in about how they make extra money.

Ashton Kutcher sporting his John Deere hat

Ashton Kutcher sporting his John Deere hat

The show started with Jim discussing how he took advantage of the John Deere hat fad in the early 2000’s made popular by Ashton Kutcher.  While Jim was in college he went and purchased these hats for $12 or so and then turned around and sold them on eBay for $30-$50.  Jim stated this was the first time he caught a trend as it was coming into its own and he made a significant profit from the reselling of these hats.

The calls started and Adam from Man vs. Debt, called in from his new home in Australia.  He discussed if he and his family moved again to another location, they would look into teaching English as a second language.  This is a great idea if you want to travel and live in another country for an extended period of time.   In some areas teachers are treated so well that the schools will even pay room and board while you are working for them.   What makes this an intriguing opportunity is that teaching English in a foreign country may not require you to know the native language.   Overseas, we Americans have a marketable skill in our ability to speak English.   Taking advantage of your marketable skills is the best and easiest way to make extra income.   (Best of luck to Adam and his family if they make another move.)

Next Martha, Jim’s wife, called in and discussed the benefits of finding a hobby that you can make money with.  Specifically, Jim’s sister makes jewelry on the side of her teaching career and sells them on Etsy (allthatglistens.etsy.com) as a way of making some extra money.  Martha further mentioned the idea of selling items at a flea market if you have a good that may have a niche market that people are willing to pay for (canned goods, dog biscuits, etc.).  JD mentioned later in the show another hobby that could become profitable, photography.  Selling your photos to friends, at a flea market, or to magazines could be a way to subsidize your photography hobby.

Fortunately, I had the opportunity to get on the show and discuss the methods I have found to make extra cash.  I detailed all of my side jobs from delivering pizzas, working as a concierge at an apartment building, and working for credit towards my hockey league fees as a scorekeeper for the league.  JD and Jim agreed that working so many jobs can be stressful, but when you are goal driven (paying down debt, building an emergency fund, maxing out your Roth IRA) working so much may be an easier pill to swallow.

The next caller called in and discussed sales jobs, or commission based jobs, that can provide extra income on the side.  Neal, the caller, closed with an interesting example and a very smart point.  He says his skills lay within the framework of sales and salesmanship, however he is not someone to come up with ideas the way Jim did earlier with the John Deere hats.  I believe that what Neal said is very profound, as I don’t consider myself to be an “idea” person either, but I feel I am the “go get it done” kind of guy.  Neal is someone that is a “sales” guy and Jim (in this example) is an “idea” guy.  It pays to know your strengths and then to try utilize those strengths to better position yourself for future opportunities.

Jim and JD spent a moment after Neal’s call to mention that one should be weary of multi-level marketing sales jobs that may require you to purchase the items prior to selling them.  Furthermore there are networks that require you to pay up front for the opportunity to sell their goods or take part in their money making schemes.  All of these types of opportunities should be entered into cautiously and with deliberation.

The next caller discussed a website called JustAnswer.com.  JD’s wife actually wrote a post about this site a few weeks ago.  The service works by having people ask a question and then bid for an expert to answer their question (usually $7-$15 per question).  Becoming an expert in a specific area requires an aptitude test, but according to the caller, an expert can make around $50 a day by just answering questions in an area in which you are proficient.

The final caller asked Jim and JD for ideas on how to make his passion of television and video into a money making hobby.   They offered great advice by saying that he could try and become a wedding videographer, or better yet, to try and find someone that would allow him to take up an apprenticeship.   This would allow him an opportunity to learn while not having to pay the large overhead of equipment, etc.   Additionally, he would have the chance to build a portfolio to better market himself in the future.

The Personal Finance Hour is a fantastic show, but this episode was firing on all cylinders.   Surely JD, Jim and the listeners could have continued for another full hour without missing a beat.   If you haven’t been following the show prior to last night’s episode, here is the list of topics that have been discussed to date:

  • Emergency Funds
  • Finding Balance
  • Coupled Finance
  • Buying a Car
  • Travel Tips
  • Gardening
  • Pets (Cats, Dogs, Bears, oh My!)
  • Starting and Entertaining a Family
  • Finding a Financial Planner
  • Frugal Weekend Ideas

This podcast has real value for those that are just starting to become interested in personal finance, or for those that are always looking to build upon their wealth of knowledge.   Jim and JD are entertaining and offer advice based on experience and sound financial strategies.

76 Responses to The Personal Finance Hour – Making More Money Episode Recap
  1. Health and Fitness
    April 19, 2018 | 3:54 am

    As a Newbie, I am constantly searching online for articles that can be of assistance to me. Thank you

  2. Health and Fitness
    April 19, 2018 | 4:15 am

    Thank you so much for giving everyone a very special possiblity to read articles and blog posts from this blog. It’s always so nice plus packed with a great time for me and my office co-workers to visit your blog on the least 3 times in 7 days to read the newest guidance you have. And indeed, we’re at all times impressed considering the unique knowledge you serve. Selected 3 points on this page are completely the most impressive we have all had.

  3. Health and Fitness
    April 19, 2018 | 7:47 am

    Hello.This article was extremely interesting, especially because I was browsing for thoughts on this issue last Friday.

  4. Health and Fitness
    April 19, 2018 | 10:00 am

    It’s in point of fact a nice and helpful piece of info. I am glad that you just shared this helpful information with us. Please stay us informed like this. Thanks for sharing.

  5. Fashion
    April 19, 2018 | 11:15 am

    Hi my loved one! I wish to say that this article is awesome, nice written and come with almost all important infos. I would like to see extra posts like this.

  6. Forrest Winchell
    April 19, 2018 | 11:59 am

    I am no longer positive where you’re getting your information, however good topic. I needs to spend a while finding out more or working out more. Thanks for wonderful information I was in search of this info for my mission.

  7. RetsPro Reviews
    April 19, 2018 | 12:14 pm

    RETSPRO reviews and details are accessible inside our community forums. RETS PRO serves a fabulous network of developers and real estate teams who require the ultimate flexibility of their IDX output. RETS PRO wordpress real estate plugin is the best software program suitable for any real-estate website developer. RETSPRO was built with regard to web-developers to allow them with the various tools to totally customize a web site for any real-estate clients.

  8. Health and Fitness
    April 19, 2018 | 12:34 pm

    Great info and right to the point. I don’t know if this is actually the best place to ask but do you guys have any ideea where to get some professional writers? Thanks in advance 🙂

  9. Health and Fitness
    April 19, 2018 | 5:49 pm

    You can certainly see your enthusiasm within the work you write. The world hopes for even more passionate writers like you who aren’t afraid to mention how they believe. All the time go after your heart.

  10. Kid's Educations
    April 19, 2018 | 10:25 pm

    Hi there very cool site!! Guy .. Beautiful .. Superb .. I’ll bookmark your blog and take the feeds additionally¡KI am happy to seek out a lot of helpful information here in the submit, we need develop more techniques on this regard, thank you for sharing. . . . . .

  11. Electronics Reseller
    April 19, 2018 | 10:25 pm

    Pretty nice post. I just stumbled upon your blog and wished to say that I’ve really enjoyed surfing around your blog posts. After all I’ll be subscribing to your rss feed and I hope you write again very soon!

  12. Kitchen Design Ideas
    April 19, 2018 | 10:25 pm

    Hi there, You’ve done an excellent job. I’ll definitely digg it and personally recommend to my friends. I’m sure they’ll be benefited from this site.

  13. Website Business Ideas
    April 19, 2018 | 10:26 pm

    I’m not sure where you are getting your information, but great topic. I needs to spend some time learning much more or understanding more. Thanks for great information I was looking for this information for my mission.

  14. Health and Fitness
    April 19, 2018 | 11:22 pm

    You really make it seem so easy with your presentation but I find this topic to be really something which I think I would never understand. It seems too complicated and extremely broad for me. I am looking forward for your next post, I’ll try to get the hang of it!

  15. Health and Fitness
    April 20, 2018 | 1:41 am

    I’m very happy to read this. This is the kind of manual that needs to be given and not the random misinformation that is at the other blogs. Appreciate your sharing this greatest doc.

  16. Health and Fitness
    April 20, 2018 | 2:18 am

    I like the efforts you have put in this, appreciate it for all the great posts.

  17. News
    April 20, 2018 | 2:42 am

    Some genuinely choice posts on this internet site , saved to my bookmarks .

  18. Health and Fitness
    April 20, 2018 | 5:38 am

    Thank you for sharing superb informations. Your web site is very cool. I am impressed by the details that you have on this blog. It reveals how nicely you perceive this subject. Bookmarked this website page, will come back for more articles. You, my friend, ROCK! I found just the information I already searched everywhere and just could not come across. What an ideal web-site.

  19. Health and Fitness
    April 20, 2018 | 9:21 am

    I gotta favorite this web site it seems very beneficial extremely helpful

  20. Health and Fitness
    April 20, 2018 | 11:55 am

    Very interesting subject , thankyou for posting . “I am convinced that life in a physical body is meant to be an ecstatic experience.” by Shakti Gawain.

  21. Health and Fitness
    April 20, 2018 | 1:25 pm

    Perfectly pent content , thanks for selective information .

  22. Health and Fitness
    April 20, 2018 | 1:37 pm

    You are my aspiration, I possess few web logs and sometimes run out from post :). “‘Tis the most tender part of love, each other to forgive.” by John Sheffield.

  23. News
    April 20, 2018 | 2:46 pm

    Heya i’m for the first time here. I found this board and I find It really useful & it helped me out a lot. I hope to give something back and aid others like you helped me.

  24. Health and Fitness
    April 20, 2018 | 5:12 pm

    Some genuinely quality posts on this internet site , bookmarked .

  25. Health and Fitness
    April 20, 2018 | 7:14 pm

    I and also my friends were found to be looking through the excellent helpful tips from your website and so quickly came up with a terrible feeling I had not thanked you for them. All the women became as a consequence happy to read through all of them and now have sincerely been tapping into them. Appreciation for genuinely very considerate and also for deciding upon this form of cool subjects most people are really wanting to understand about. Our own sincere regret for not expressing gratitude to sooner.

  26. Health and Fitness
    April 20, 2018 | 9:47 pm

    I think this is one of the most vital info for me. And i am glad reading your article. But should remark on some general things, The website style is perfect, the articles is really excellent : D. Good job, cheers

Leave a Reply


Wanting to leave an <em>phasis on your comment?

Trackback URL http://mynextbuck.com/the-personal-finance-hour-making-more-money-episode-recap/trackback/