Freelance Writing: A Lucrative Side Hustle for Full-Time Workers
Cody earns an extra $3,000-5,000 monthly through freelance financial writing. This boosts savings, investments, and offers flexibility. He advises choosing scalable, skills-based side hustles. Cody says, "Treat it as a business from day one." Validate demand and automate processes. Done right, a side hustle can be a path to financial independence.
Loan Consolidation: A Double-Edged Sword for Borrowers
Cody explains, “Consolidation suits those seeking a single payment at a reduced rate.” He warns of longer interest payments and potential loss of federal loan benefits. Though consolidation may temporarily lower credit scores, regular payments can improve them over time. Use this tool wisely to avoid turning a solution into more debt.
Escape Payday Loan Cycles: Consolidation as a Solution
Cody explains payday loan consolidation as merging multiple high-interest loans into one with lower rates. He advises listing debts, exploring options, and applying for a loan. Required documents include income proof and credit checks. Alternatives include negotiating with lenders, nonprofit plans, or credit counseling. Cody emphasizes, "It's consolidation and not just reduced payments but regaining control of finances."