Becoming Debt-Free and Generating $320,000/Year from Simple Side Hustles w/Jannese Torres-Rodriguez
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- เผยแพร่เมื่อ 3 ส.ค. 2024
- 2020 was the year of the side hustle. People started to find ways to monetize their hobbies, create services, and capitalize on their talents. While some people are just now catching on, today’s guest, Jannese Torres-Rodriguez, was ahead of the curve. It all started with a food blog she started for fun that has turned into a passive income for her $320,000 salary composed solely from her various “side hustles.”
Before the start of her money journey, Jannese was on the traditional path to what most would consider the ideal type of success. She not only graduated from college but got her master's in pharmaceuticals and landed a job that led to her dream, a six-figure salary. Despite this, she was still unhappy and soon realized she was unaligned with the power of money. Over time, she made several lifestyle changes and started learning about financial independence. Using what she learned, Jannese finished paying off her $57,000 student loans and became debt-free in February of 2020.
After 5+ years of accruing income from her food blog, Jannese discovered she could make her side hustles a full-time business and finally be fulfilled by the work she was doing. She began a podcast about financial independence that aims to help people of color and people who don’t know anything about financial freedom. She also does virtual workshops, digital courses, and brand partnerships as well as several other services that contribute to her income. Jannese is a perfect example that you don’t have to give up what you love to make money, you just have to capitalize on it.
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Check out Jannese’s Food Blog:
www.delishdlites.com/
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Listen to Jannese’s Financial Independence Podcast:
yoquierodineropodcast.com/
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Learn More about Financial Freedom from Jamilia Souffrant:
journeytolaunch.com/
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Check Out Doug on The “Mile High FI” Podcast:
milehighfi.com/
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How to be Financially Free by 40:
www.biggerpockets.com/blog/be...
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The #1 Reason Side Hustles Fail to Become Businesses:
www.biggerpockets.com/blog/bi...
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Join the BiggerPockets Money Facebook Group:
/ bpmoney
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Episode #263
0:00 Intro
2:26 A Quarter-Life Financial Crisis
9:03 Finding Financial Independence
14:59 Getting Support From a Significant Other
15:55 Using Excessive Spending & Frequent Vacations to Cope
19:21 When Not to Own Real Estate
23:41 Moving Jobs & Becoming a Full-Time Entrepreneur
25:26 From Side Hustles to a Full-Time Business
31:30 Finding a Team & Outsourcing Work
34:03 The Time Commitment to Side Hustles
36:00 Finding a Niche Target Market
40:06 The Value of Diversifying Income
49:01 The Challenges of Self-Employment
54:12 Imposter Syndrome & Overcoming Shyness
59:14 Using 9-5 Skills in a Side Hustle
1:02:51 When to Drop a Side Hustle
1:06:10 Famous Four
1:08:46 Ready to Start Your 6-Figure Side Hustle?
Show notes at: www.biggerpockets.com/moneysh...
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It was so inspirational listening to Jannese speak! She truly has a gift, and I would listen to anything she had to say! I came across this channel on my YT feed this weekend and decided to click on it. I was feeling down about my 9 to 5 job and what I could do to become more financially independent and work toward being my own boss. I am so glad I came across this and subscribed right away!
Thanks so much I was able to find her page and I already leave her a message...
Indeed, The quickest way to make your first millions is to invest directly with an expert that is trustworthy and has made a name and individual billionaires.. I'm surprised you know her too
The first thing I thought was how effortless and engaging she is when she speaks… I was shocked to hear she felt public speaking wasn’t her vibe!!! I LOVED this interview! Jannese is AWESOME! I appreciate the representation!
“If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability.”
Henry Ford
Hey folks, watch this one seriously. This is so much more than how to make great money . It's about how to get real with the realities of life's pesky facts, involvements and habits that may be choking you and holding you back. . . Listen up! And say thanks too!
This is so enlightening. I didn’t know that the law was so In New Jersey that you can’t decide not to renew a lease. I lost multiple cases and thousands trying to get my house for my own use because the tenants didn’t want to move.
Just found you… have listened to three in a row and truly enjoyed them! Thank you!
I love real estate but this episode is AWESOME and has nothing to do with real estate investing!! I didn’t know you could make money off a blog and I love her Puerto Rican recipes!! 🇵🇷 Jannese is smart and offers a great story in this episode 🙌🏼
Excellent episode! Janesse is the type of coach I’m looking for and need. I’m the client seeking her exact services. Ironic that I’ll likely need a side hustle to afford her services. 😆 Really, I’ve listened to and joined mailing lists of many. She’s a rare gem.
I always watch “Delish” on Facebook! So she was the one created!! I love Delish!! Thank you so much for this show.
Jannese, thank you for being honest and straight forward with your message, love it.
So crucial and encouraging to see FI from a female Latina! Gracias!
Hell yeah. Will listen to this later on the drive.
This is so inspiring! Thanks for this episodes...representation is important for latinas. Love this so much
Awesome episode! Just recently found this channel and I have learned a lot! I am hoping to put some of the info in practice little by little so I too can achieve financial freedom! ☺️
Thanks much for this!
I am a great, prolific artist ((and a wild and crazy effective art teacher on a very small scale.)) Millionaires with very boring careers and dull or frustrating lifestyles are attracted to me as friends and I just figured out why! It's because I am what they are not! I have decided to focus my teaching business on helping wealthy people bring more creative satisfaction into their lives. I think I can, I think I can, I think I can! .... I'm going to start right now! (In Texas, if we're good, we can do anything!)
Pretty cool
This was a great episode.
So good, great episode!
This was a great one for me! Not sure if I can handle the landlord life. Love to hear about other side hustles
I took away soooo much amazing nuggets from this episode! So inspiring!! Thank you! ❤️
The best episode because I am her and she is me lol !!!! It's so much things like making good money at pharma company's but not happy no matter how high the position gets!
Great interview, can relate to everything you're saying 💕
What a great podcast episode! We also lived in NJ and moved to FL, but I have to say that the NJ real estate market made us be on FIRE. It was very good to us.
This is so true..My own Dad urged us to go to college, save money and buy a house, while HE had a financial advisor and money in the stock market. When I ask him qustions about it he refuses to share...super weird.
It’s the same in our Hispanic family.
Our previous baby boomer/Gen X don’t like talking about that much unless it’s to flex and brag.
It’s a shame that some cases are that our parents were good providers but weren’t necessarily good at educating us or instilling certain lessons and teachings in us.
A lot of the stuff I’ve learned about financial wellness, responsibility, and aspirations were from coworkers who were good people and wanted to help me, reddit comments from other users sharing their wisdom, and anime that taught me to push forward and why I should work hard.
Maybe he isn’t doing there as well as he would want to. But luckily it is not a secret information. And getting a college degree isn’t bad advice either.
Thank you for this episode. I learned a lot.
Great interview 🎉 I want to have the freedom from corporate by summer 2023. I think we need more systems or models for others to follow.
Wow wow wow love every minute of it. Thank you for your tips, advice and authenticity.
Me as a latino, I feel so inspired by her. Thank you for this great video!
Great episode! Jannese is super eloquent and had a lot of very insightful points. Definitely a great public speaker!
Great episode on building a side hustle and multiple streams of income.
Great story. Love that you are from NJ. What town?
Very Good! - Thanks - Take Care Raymond Cassius Sananda - Denmark🙃😊😀
Loved this episode so much!
Mmmmm! I'm going to save this for the gym.
Amazing episode. I am truly inspired as a brown woman.
We are brown women! Love it! ❤️
Great episode
A little feedback when filming frame the picture in a way that it captures you shoulders and head also look at the camera while talking not your screen .
At least Jannese made 6 fugures...I had Masters degree working at university with a pension but the "classist system of the university work system" didn't allow me to actually switch into the 'higher paying/more respect, higher class" positions...unfortunately the university I started working for had this classism system and unless you were aware of the system...(knew someone who worked there, knew these issues...in the student services area of professional positions (is the area of my Masters)), tradition of the university was that nobody who started at the lowest rung of the ladder of this system...could be hired in the other "class" of the system. Soooo frustrating. I changed jobs within same class but still wages were NEVER over $40,000...esp with economic cuts at university, no pay raises for 12 yrs, insurances premiums cost more, insurance copays and coinsurance was much much more...at one point I realizes I actually needed another JOB to make ends meet. This other job burned me out even though it was temporary...lasted only 2 months and was "15" hrs/ week but it was in evenings after my 40hrs.
When you NEVER even got to $40,000... You are wondering why this is. I kept wondering if it was the job or the job tasks or the highly classist society that I was working in, the lack of pay I wanted to be making...what was it that made me unhappy. I bought a house but had first time home owner tax credits also home buyer's assistance from the county...so it helped a lot since they gave me no-interest loans to pay for house. I do have mortgage but it is much less than I what I would have had to take without the home buyers assistance programs. I am in midwest so already in lower cost of living area. After changing jobs at university...it was part boredom of doing the same tasks, answered same student questions every year, no opportunity to do anything new...well i could do new things but it was in addition to all other required job tasks and there was no way they were going to pay me extra to do the extra work no matter how important those new things became for the graduate students in the program that I was administers. Other jobs in the other "class system" of this university...those folks were able to do new things and drop other tasks. Lots of networking, learning what others do in other departments/universities, looking at outcome based research, etc...lots of opps to try something new if you look for it...but of course all that takes time in addition to normal things.
In 2018, I had to quit my position as I got increasingly more and more ill over course of five years working in the building I got ill from. I was so sick that I literally had what felt like a sinus infection for 8 months. In additions, I had migraines that changed symptomology....was getting nausea a few days before the actual migraine hit, the sinus infection was still there, migraines were lasting 3 days. I thought I was crazy but I'd go to work on Monday and by Wednesday I was sick again. No doctors could find anything wrong. Some folks started to think it was depression's physical symptoms...but no depression med changes made a difference...I was still sick. In order to prove my outlandish theory, I changed my work schedule without asking ..I was going in later and working later. I didn't want to be told I couldn't test the theory. In the long run, I got in big trouble doing this...but it did prove to me that if I was at work during main working hours when others were there...there was unclean air going through the air handling systems. Alternative scheduling helped me realize it was the building that was making me sick because I was MUCH less sick than when I was doing prime time hours. If I asked, if they said no from the beginning...I would not have been able to figure out what is making me sick. (A person who worked on 2nd floor of the same building that I worked on first floor...he had a constant runny nose while he was in building. The moment he got home, runny nose stopped, minute he walked in building...nose started running. He was having some reaction to the air in the building.
So in the end, after trying to get disability accommodations to work alternative schedules, requesting people dont use air freshners in building as it was partly air freshners were determined to be one of the things among lots of things...to not use in building as it gets into air handling system in a very tightly closed building (no windows opened in building...no fresh air). Requesting accommodation put a target on my back as far as all HR positions....so they were looking at me under a microscope, flagging anything that I did wrong....so it was too stressful. Obviously by that point, HR was looking for reasons to get rid of me. Too much stress made my migraines spike and I missed more work even though I still had sick leave hours to use. (Funny how the employer allows you to earn sick leave, allows you to roll it over from year to year...in case there was a major medical episode that typically hit later in life...but unless you were diagnosed with a major medical disease...employer doesn't want you to use the sick leave. When you have an undiagnosable illness....employer tends to think you are faking it.
Once I had to quit job, it was apparent that every place I went had some chemical issues in the air...and I was reacting to things everywhere I went. I never knew exactly what was causing my allergic like reactions. So absolutely no place would be one where I work after I became better. I was looking for ways to to earn money that would not require me to go in. Pandemic was great in that sense as well as nothing was open...so I was not have as many reactions as I didnt go anywhere. After not working for a few yeas, getting less and less ill....made me aware how much poorer I was becoming...but I also really enjoyed being able to research whatever topic tickled my fancy. Looking up how to solve my planting issues. How to get the racoon out of attic. How to troubleshoot my barely functioning refrigerator. Looking up tons of things as I thought of it. Looking up multiple chemical sensitivity syndrome and how to manage triggers, how to not be triggered at all (no answer yet except complete avoidance), discovering and joining fb groups who were sharing info about unscented products they use, where found (depending on country) amazing amount of products advertised that are supposed to unscented or fragrance free...but are not! Products cost more than regular products and because most are only available to us online....majority give us reactions. Difficult to get money back. I am night owl too so not working a typical paid sched for 4 yrs...makes it harder yet to find online gig where you do not have to be on same time zone. Sleep dr said some of her night owl patients work for companies located in Australia so your night time is their morning. Not sure how they got those positions because imho no business located outside US would allow you to work remotely if you were not currently living in the country where you worked...some income tax issue.
Anyway long winded, I blame academia training...just trying to figure out what hustle to try to make something...is hard enough.
You should get a journal..and study the Law of Attraction. When you focus on what you don't want you attract more of it. Positive Vibes.
Is it me or....I tend to disagree with these finances gurus claiming that your house is not an asset or an investment. At least in the last 15 years, in many cities, houses have been pretty damn good assets. I just bought house for less than 300k, now it is valued over 450k in only 4 years. On the other hand, I have other so called investments and they haven't performed even close to that. Now you could claim that I was lucky, that it isn't always like that, bla bla bla... but thats true for any investment, any asset. Plus with my house, instead of paying rent, which would have been more than my mortgage at least during low rates years, I was paying for MY asset, building equity.
Mindy, we need to have your husband on the show.
“Get a school and get a job”
Despite being lower class, my parents were good providers and were both caring and loving parents.
However, they did their best but didn’t teach a lot of the “why’s” of the many things they told us to do, like school.
For us kids, it was just simply something we had to do because we were told to.
Rarely if at all, were we taught why he had to these things and what was the benefit/value.
How did this get on my feed.
Wait?! When ol boy get on here? I follow his channel?
When you’re making 100k, it definitely makes some things a little more easier.
I make 86k at 30yrs old and I’m finding that if I make 100k, I can not only pay my $2000 rent but I could also save so much more and still have money to play with.
How do you find a mentor to walk someone through this?? I have ideas and know how, but struggling to put it all together. Thanks
Good episode! I like her. She seems very clear and straightforward.
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I hope her recipes are healthier than what most of my Latino friends eat(including Puerto Ricans and including my Mexican husband). So much sugar, oil, and meat, and most of them have diet-related medical illnesses.
19:32 haha RENTALS TO WEALTH
A bit misleading if she was making 100K paycheck, interested though
Not really misleading as she built the blog from the ground up and that is what has made her the money.
How is that misleading? Big salary does not equal freedom! Unless you do the things she’s talking about
Good episode, good information, but all the Latina, first generation, woman of color drops.. so irrelevant. We're all working hard hustling trying to do the best we can. As a Hispanic woman myself I take good information, good advice and applaud all successful people no matter what their color. I can relate to any persons and have a good financial conversation with any race if there's striving and moving in the same direction as me. Please!
Definitely not irrelevant🌟💫🙏I can relate to all people as well and appreciate her knowledge and experience💜
Couldn’t agree more. Completely irrelevant.
I follow her podcast. I don’t like that constant reference either. But that’s her brand and her message and her target 🤷🏻♀️
The middle class is taxed galore (paycheck, and in society in general)
Seems to gotten worse in just the last 5 years
And inflation just makes it much worse
bring race into it ummm, anyone can become wealthy no matter race, all races can be not money davy, but i still love the flow of all it, i love that it’s about women in her story and her story is amazing-women are actually real good with money, we run the house stuff. and these real women started and didn’t know… so how i felt…. and so so many more… will watch this all the time !!!
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@@scottkarl2514 Troll.
This also boring
Pass on this video
Americorps and Americorps VISTA programs are a wonderful way to pay off portions of student loans. People who started in our Americorps VISTA program quit for a higher paying job, thought they could earn and save to put towards the loans. None made it...they all said they would have been further ahead to stay in Americorps programs to pay off the student loans in one large clump.