With finfluencers everywhere talking about 6-figure incomes and starting a side hustle, is it even possible to build wealth, reach your financial goals and retire one day working a 9-to-5? It sure is, and that's one of the reasons I invited Nathan Kennedy, who you may know from TikTok or Instagram as NewMoneyNate, to talk all about it.
In this podcast episode, Nathan not only shares his tips for employees to earn smarter, not harder while living the life they want, but we also discuss financial certifications and the lack thereof with many financial content creators (and whether it really matters), Nathan's journey from 9-to-5er to full-time financial literacy educator, common money mistakes he hears from his audience, and career and negotiation advice that actually works.
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CHAPTERS
00:00 Introduction
02:13 Guest Background
04:50 Transition to Full-Time Content Creation
05:25 Leaving a Secure Job for Content Creation
06:14 Impact of Potential TikTok Ban
07:24 Building Credibility and Legitimacy
08:22 Long-Term Career Planning
11:52 Navigating Changes in the Industry
13:05 Studying for Financial Certifications
17:36 The Responsibility of Content Creators
20:36 Establishing Professionalism and Growing Businesses
22:06 Building a Brand Around Personal Finance and Career Advice
22:35 The Need for More Information on Personal Finance for Non-Entrepreneurs
24:13 The Misrepresentation of Side Hustles and Passive Income
25:43 Investing Time in Career Development vs. Side Hustles
26:13 The Benefits and Downsides of Job Hopping
27:19 The Income Potential and Job Flexibility in Today's Job Market
28:38 The Importance of Assessing Company Growth Opportunities
29:59 Recognizing Company Red Flags and Taking Action
30:49 The Value of Continuous Learning and Skill Development
32:32 Common Money Mistakes and the Importance of Credit Card Management
34:26 Understanding the Power of Compounding in Career Earnings and Investments
39:36 Questionable Job Advice and Misinformation
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TAKEAWAYS
• Diversification and owning your audience are key to long-term success as a content creator.
• Financial certifications can add credibility and legitimacy to content creation in the personal finance space.
• Storytelling is crucial in creating compelling and engaging content, even for basic financial concepts.
• Content creators have a responsibility to provide accurate and reliable information to their audience.
• Long-term financial goals and planning are important for financial independence and stability. • There is a need for more information on personal finance for non-entrepreneurs who want to improve their financial situation without starting a business.
• Job hopping is becoming more accepted and can lead to significant increases in income and career growth.
• Continuous learning and skill development are crucial for standing out in the job market and increasing earning potential.
• Managing credit card debt and understanding the power of compounding in career earnings and investments are important for long-term financial success.
• Content creators have a responsibility to provide accurate information and avoid promoting questionable job advice and misinformation.
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RESOURCES
📌 Subscribe to Nathan's newsletter https://thecareerearner.beehiiv.com/subscribe
📌 Show notes & transcript https://jessicamoorhouse.com/396
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ABOUT ME
I'm Jessica Moorhouse, a money expert, Accredited Financial Counsellor Canada®, speaker, content creator, and host of the More Money Podcast. I'm based out of Toronto, ON, Canada and run my own business, MoorMoney Media Inc., to educate others about financial literacy. To learn more, check out my website https://jessicamoorhouse.com
#personalfinance #financialliteracy #money
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