Leverage Multiple Side Hustles to Increase Your Net Worth [058 | Scarlett McCarthy]

Welcome to Series 3 of the Plutus Awards Podcast! The team is excited to present a new series of episodes, providing our listeners with the best actionable tips and personal success stories from superstars in our community and from the diverse experiences of many creators and entrepreneurs.

Leverage Multiple Side Hustles to Increase Your Net Worth

Show notes

The gig economy has made it easier for many of us to find pleasure and success in our side hustles. How do we manage the multitude and magnitude of the freelancing work we take on without burnout or compromise to work quality?

In this episode, Sarah Li Cain speaks with Scarlett McCarthy, the founder of Literally Broke, about Scarlett’s experience balancing a full-time job, multiple freelance gigs, and personal health and happiness.

Episode highlights

  • How Scarlett finds side hustles to undertake
  • The biggest challenges when balancing a full-time job and freelance work
  • How Scarlett handles being overwhelmed with changes and uncertainties
  • How Scarlett manages her work-life balance

Episode contents

0:00 Introduction
0:54 Scarlett’s former full-time job and side hustles
2:10 How Scarlett finds side hustles
2:50 Amount of work at the height of side hustling
3:20 Increasing her net worth by $15,000 with the help of side hustles
3:40 Biggest challenges when balancing a full-time job and freelance work
4:32 Scarlett’s criteria when choosing what freelance work to take on
6:30 Scarlett’s freelance work in 2020
7:26 How starting her own blog helped attract more side hustle offers
8:06 Habits to write better when launching a blog
8:50 Scarlett’s purpose for her blog
10:40 How 2020 impacted her full-time job
12:41 How to handle being overwhelmed with changes and uncertainties
14:17 The profitability of Scarlett’s side hustles
15:31 The moment Scarlett decided to focus on her freelancing work
16:58 Scarlett’s professional direction for the near future
18:24 Rejections in freelancing and how to handle them
19:13 How Scarlett manages a work life balance
21:40 Where to find Scarlett
22:17 Wrap-up

About Scarlett McCarthy

Scarlett is a freelance writer, screenwriter, and playwright. In January 2020, she founded Literally Broke, a personal finance platform for artists and creatives. When she’s not writing, you can catch Scarlett creating memes and defending her latte habit.

You can follow Scarlett on Twitter and Instagram.

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About Sarah Li Cain, Podcast Host

Sarah Li-Cain is a finance writer, the founder of Beyond the Dollar, and an AFC (Accredited Financial Counselor) candidate whose work has appeared in places like Bankrate, Business Insider, Redbook, Financial Planning Association, Stacking Benjamins and Her Money podcast with Jean Chatzky (of NBC Today). Her work blends practical tips and mindset strategies so that those trying to change their financial life can see themselves in the starring role. She also integrates physical, spiritual and mental wellness so that money becomes a tool to enhance people’s lives.

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