Jess Rickey

I will say make sure that you are putting the appropriate amount of money aside for tax from your side hustle because you will owe tax on that money.

I'm going to assume that you've already taken your tax money out and what you've got left is the pool of what you have.

I don't know what the side hustle is.

Like do you need to invest in things for the side hustle?

Because, again, I would –

depending on what it is, like I would maybe, you want to pay for your business from the business effectively.

Like in an ideal world, that's the place that you get to.

So if you need to pay for postage for things, you know, any of those sorts of bits and pieces, subscriptions for your business, things like that, it's much cleaner to pay for your business from your business profits.

It also makes it easier at tax time when you've got deductions and things of that nature.

So I

I would be keeping, depending on what you're doing, again, we've got no idea, which makes it a little bit hard to advise or suggest, but I would be keeping maybe a portion aside for those sorts of things if those are things that you need to pay for.

But if you're taking everything else out,

from your side hustle and you're just keeping it as like earnings or money straight to yourself.

I would be inclined to uphold the system because I'm assuming that you've created this structure for a reason.

You're investing a huge chunk of your money.

40% is a lot.

So I'm guessing you're maybe trying to do fire or working towards some kind of significant goal there, make up for some lost time maybe.

If you feel like you are living super frugally, like that 50-40-10 split is really pushing you a little bit, then maybe you can consider using some of it for fun money.

I would maybe steer away from using all of it because I think you're working so hard.

You're working a side hustle in addition to a full-time job.