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☆ 4 realistic steps to starting a passive income side hustle: What social media may not tell you
▼ + stars: | 2024-05-08 | by ( Megan Sauer | ) www.cnbc.com time to read: +6 min

Starting a passive income side hustle may look quick and easy on TikTok. Make It spoke with a group of experts who've built passive income businesses and scaled them into six-figure successes. JP Mancini II turned his boat chartering side hustle into mostly passive six-figure income. Ryan Hogue, 35, left his web development career in 2020 to focus on building passive income streams. DON'T MISS: The ultimate guide to earning passive income online After roughly a year, Torres left her engineering role.

Persons: Jannese Torres, D'Lites, Dinero, podcaster, JP Mancini, Florida —, JP Mancini II, Mancini, Ryan Hogue, Ryan Hogue Gamifying, Hogue, Rather, Torres, Jasmine McCall, McCall Organizations: CNBC, SXSW Locations: Hampton , Virginia, Key West, Florida, Puerto Rican

☆ 39-year-old who makes $9,300/mo in passive income: My No. 1 piece of side hustle money advice
▼ + stars: | 2024-05-01 | by ( Jannese Torres | ) www.cnbc.com time to read: +6 min

Today, at 39, I have seven income streams, including affiliate marketing, blog and podcast ads, speaking engagements, digital courses, AirBnB rental income and brand partnerships. I used to use basic spreadsheets to reconcile my side hustle income and expenses, and I usually only did this at year's end, so I had little idea what was happening throughout the year. Setting up your business finances involves several important steps to ensure that you can effectively manage your income, expenses and overall financial health. Cash accounting records transactions when money actually changes hands, while accrual accounting records them when they occur, regardless of when payment is received. Sign up for CNBC's new online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories.

Persons: Dinero, Jannese Torres Organizations: CNBC Locations: Puerto Rican

☆ Homeownership isn't for everyone, money coach says: Don't fall for artificial 'pressure to buy'
▼ + stars: | 2024-04-20 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +8 min

Jannese Torres is the founder of the blog Delish D'Lites and the podcast "Yo Quiero Dinero." Yet in her pursuit of the American dream, she realized that she didn't know what to do with her financial success. Our families have told us to go and pursue the American dream, but we haven't been given instructions for how to manage the emotions that come with it. JT: Looking back at it now, I was falling victim to the American dream. Jannese Torres Latina money expert and entrepreneurship coachI definitely felt the pressure to keep up with the Joneses in that respect.

Persons: Jannese Torres, D'Lites, Dinero, you've, Torres, Jannese Torres Ana Teresa Solá, I've, We're, Jannese Torres It's, it's, who's Organizations: CNBC, Latina, ATS, JT, Jannese Torres Latina Locations: Latina, U.S

☆ An engineer started a food blog after a quarter-life crisis. When she was laid off, she saw an opportunity and turned it into a lucrative career.
▼ + stars: | 2023-12-16 | by ( Aimee Pearcy | ) www.businessinsider.com time to read: +6 min

Read previewIn May 2013, at the age of 27, Jannese Torres says she had a "quarter-life crisis." Looking for a creative outlet that would allow her to immerse herself in something other than her career, she decided to start a food blog. In March 2014 she started a new role working as an engineer at L'Oreal — but she continued working on her blog in her downtime. In 2021, she earned $144,000 from her food blog, which more than matched her previous salary of $118,000 per year, according to documents seen by BI. While she continues to build her blog, Torres plans to carry on sharing her journey online and teaching others how to build their own blogs so they can become financially free.

Persons: —, Jannese Torres, Torres, wasn't Torres, L'Oreal —, she'd Organizations: Service, Business, Puerto Rican, L'Oreal, BI Locations: Puerto Rican, New York City

☆ This 37-year-old quit her job and now makes $10,000 a month in passive income: 'I wanted to be my own boss'
▼ + stars: | 2022-10-20 | by ( Jannese Torres | ) www.cnbc.com time to read: +5 min

Combined, they bring in an average of $35,000 a month in revenues — $10,000 of which is in passive income. Last year, I began earning enough passive income to quit my 9-to-5 and run my side hustles full-time. Passive income makes my dream possible. In addition to what I earn from the blog, I make passive income through podcast ads and affiliate marketing. There's almost always a way to build passive income if you have a strong following and brand.

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