Christian Sherrill

@realBrandonGill I remember this goober Brandon Gill from Dartmouth. What an embarrassment to himself, his school, his family, and the country he betrayed. Silver spoon goons attacking children in a tiny minority group to help pedophiles. Im sure that will go over great.

Who daydreams about trans kids? James Talarico, apparently...

@Experian @ACCreditCounsel @creditscoop @aboutthatwallet @itsmymoney_ @MoneySavvyLife @IamLaPeterson @fersherrill @MoneyFitbyDRS @MommyTalkShow We are grateful for the wealth of knowledge and expertise shared here today! Here’s to a lucrative side hustle summer! #CreditChat

Thank you to friends from @Experian, @ACCreditCounsel, @creditscoop, @aboutthatwallet, @itsmymoney_, @MoneySavvyLife, @IamLaPeterson, @MoneyFitbyDRS, and @MommyTalkShow or the #CreditChat today! You all shared great insights and I was happy to be a humble #stooge

@Experian A10c. People who are trying to sell side hustlers on day trading courses / crypto speculation / MLMs as bulletproof passive income are almost always 100% full of... it. They know you're interested in making extra money and they take advantage #CreditChat

Q10. What advice would you give someone starting a side hustle specifically to improve their financial situation? #CreditChat

@Experian A10b consider "all in" pay (including benefits, retirement match, office perks, cost of living adjustments, pending raises) of your full time job before jumping solely your side hustle. You got this! #CreditChat

@Experian A10a Side hustle income is naturally volatile. Harness the up months for longer term planing, and weather the down months on the back of your smart plan #CreditChat

@aboutthatwallet @Experian I really respect this approach @aboutthatwallet #CreditChat

A10. My advice: don’t chase fast money without a plan. I’d focus on building stable income streams that produces predictable cash flow, reduce stress, and create long-term flexibility. #CreditChat @Experian

@Experian A9. I'm a spreadsheet person. The pain of having to go find my different statements, accounts, receipts and invoices (while forgetting my password 47 different times) forces me to take ownership. Once I've consolidated everything on one sheet I start making decisions. #CreditChat

Q9. What financial tools or apps do you recommend for tracking side hustle income? #CreditChat

@Experian A8 your guy @fersherrill is a broken record but: side hustlers should have specific saving goals in a trackable spreadsheet or app, OKRs (corporate speak for your business goals), receipt tracking, and invoicing #CreditChat

Q8. What financial systems should people set up early when starting a side hustle? #CreditChat

@Experian A7. Using personal credit for all of your early side hustle moves can leave a side hustler hanging when it comes time to apply for business financing, when the $$$ and sandwiches at stake are considerably higher #CreditChat

Q7. How important is business credit for entrepreneurs and side hustlers? #CreditChat

@Experian A6 A side hustle becomes a business when it has a business plan, incorporation of some kind, and bonus if it regularly outpaces or replaces your regular 9-5 earnings #CreditChat

Q6. At what point does a side hustle become a business? #CreditChat

@Experian A5. Sinking funds, sinking funds, sinking funds! If you have variable income, create specific saving goals for upcoming, irregular expenses. Then auto-transfer %s of each check to each goal. This can smooth the shocks of major purchases in down months #CreditChat

Q5. What budgeting strategies work best for people with variable or inconsistent income? #CreditChat

A4 a big credit mistake is paying the amount with the largest font rather than the largest amount. On your CC statement, the minimum payment is often in the largest typeface. Making minimum payments leads to paying much more in interest #CreditChat

@Experian A3 cont'd here's a slide from @NextGenPF's Teacher Wealth Course exploring this wealth = garden analogy further if you're a nerd like me #CreditChat

Q3. How can people use side hustle income to improve their credit health? #CreditChat

@Experian A3 Side hustle income can be a weed whacker for the most persistent weeds in your credit garden: high-APR debt (e.g. credit cards). It can also form a moat system via #sinkingfunds for variable expenses #CreditChat

@Experian A2. Side hustle income for survival is inevitably going to be feast or famine, and can lead to predation / victimization by people trying to sell you nonsense #CreditChat

Q2. What’s the difference between using side hustle income for survival versus wealth-building? #CreditChat

@Experian A1. The #moneypsychology of side hustles is important. I like to think of side hustle income as a windfall. What do you do with a windfall? Invest, save, and pay down high-APR debt. #CreditChat

Q1. What are some of the smartest ways people can use side hustle income to improve their financial future? #CreditChat

Pumped to join @Experian today to chat side hustles, credit, financial security, and organizing your #money. Repping @NextGenPF and teachers (who are no strangers to side hustles!) #CreditChat

Hey #CreditChat family! We’re looking forward to today’s conversation. We have an amazing panel joining us today!

@Experian Let's do this! #CreditChat