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Her advice is very approachable for anyone interested in improving their financial situation.
Jaime Catmull interviewed Pant on an episode of The Richer Waypodcast.
And, not surprisingly, Pant provided some thoughtful keys to saving money and building wealth.
Explore some of the keys to building wealth that Pant laid out.
Also seethe first thing you should do with your paycheck to build wealth.
She started working as a journalist with a salary of $21,000 per year.
Although she enjoyed the job, she wanted to travel the world.
With that goal in mind, she had saved $25,000 after three years on the job.
Some of her friends would comment that they would love to travel too but couldnt afford it.
In reality, they were spending money on other things, like a nicer apartment or amore up-to-date vehicle.
Pants tagline, Afford Anything, sprung from this experience because she realized most could afford to do anything.
But instead, they chose to spend their funds on other things.
Pant advised listeners to consciously consider what their goals are.
For her, it was traveling the world.
But youll have to decide for yourself what your goals are.
For Pant, this looked like living on a shoestring budget.
Of course, these deliberate choices werent always comfortable.
But this allowed her to save her funds toward the goal of traveling around.
Pant broke down different types of side hustles.
Gig Economy Work
The first throw in, according to Pant, is gig economy work.
This includes things like delivering for DoorDash and driving for Uber.
But the issue is at an hourly rate, you dont really get paid that much.
Gig work can help you start earning the money you need quickly.
If possible, tuck the money away for your financial goals.
Skilled Side Jobs
Skilled side jobs take things a step further than baselinegig economy work.
In the podcast, Pant used an example of someone walking dogs as a side hustle.
In that regard, you are trading a skill.
In this case its an adjacent skill.
Its the skill of art that youre using to market this service that you offer, Pant said.
It is a race to the bottom.
Most of the time the people just pick thelowest, cheapest person.
They dont even really go off anything.
A Scalable Business Model
The first two paths include trading time for money.
But the ultimate goal is to stop trading time for money by operating a scalable business.
For example, Pant became a freelance writer after returning from her travels.
But to get to scale her income, she eventually started acontent management agency.
This allowed her to hire other writers to work on projects while she handled bigger-picture stuff.
Another possible way to do it is to actually build a physical or digital product, Pant said.
As you consider product ideas, Pant recommended findingniche product opportunities.
have a go at build items, physical or digital, with a particular customer in mind.
Pant challenged listeners to consider their invisible scripts around money.
For example, you might avoid money because you consider it a source of conflict.
Or do you believe money is the root of all evil?
And you see these images in pop culture, right?
On the cartoon The Simpsons, who is the villain of Springfield?
Its Montgomery Burns, Pant said.
If you think having money makes you a villain, you are likely to self-sabotage your financial journey.
Making the effort to improve your financial psychology can set you up for success.
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