Joshua Mayo, a personal finance YouTuber, has released a video highlighting ten side hustles he believes can lead to significant wealth. After exploring over 100 side hustles in the past two years, Mayo selected options with a low entry barrier, accessible to people with minimal skills or experience. His list includes selling digital and DIY paper products, building WordPress websites, affiliate marketing, selling clip art, and creating AI art prints. He also suggests starting a YouTube channel, making and selling coloring books on Amazon, dropshipping, and running a print-on-demand t-shirt business.

Mayo emphasizes that many of these side hustles, such as selling digital products or clip art on Etsy, can be started with the help of AI tools like Midjourney, which simplify the design process. Affiliate marketing and YouTube channels require little to no initial investment, and can be highly lucrative with consistent effort and strategic content creation. Additionally, dropshipping and print-on-demand services allow sellers to operate without managing inventory or shipping, making them appealing to those looking to minimize their involvement in the logistical aspects of a business.

The key to success in these ventures, according to Mayo, is choosing a side hustle that aligns with your interests, skills, and available time. He provides various free resources and guides to help beginners get started. Mayo's recommendations demonstrate that, with the right approach and dedication, anyone can find a profitable side hustle that suits their unique circumstances. (Full story)

How does your salary compare to others in the UK? A Forbes analysis of Office for National Statistics data reveals the median annual wages across different age groups, providing insights into whether your earnings are competitive. While UK workers faced the lowest salary increases in Europe in 2018, recent trends suggest shifts in pay scales. The median wage, rather than the average, offers a more accurate picture, as the ultra-high earnings of top executives don't skew it. Generally, salaries rise with age, peaking in the 40-49 range (£40,040) before declining again. However, a persistent gender pay gap exists, becoming especially pronounced after age 30 due to factors like caregiving responsibilities. As salaries tend to drop after age 50 due to retirement, part-time work, and health issues, achieving financial stability in later years can be challenging. (Full story)

Walmart's new "No Quit Program" requires employees to meet with management before resigning, aiming to reduce high turnover rates amid ongoing labor shortages in the retail industry. The policy has sparked backlash online, with many employees feeling pressured to stay in their roles despite actively seeking to leave. While Walmart has taken steps to improve employee retention, such as offering higher wages and bonuses, the "No Quit Program" has been criticized as manipulative and coercive. Despite these efforts, it remains unclear if the initiative will be effective, as employees are not legally obligated to participate in the mandatory meetings before quitting. (Full story)

President Joe Biden has announced a 2% average pay raise for federal civilian employees, effective January 1, 2025, with an across-the-board increase of 1.7% and additional locality-based hikes of 0.3%. While inflation has decreased from 7% in 2021 to 2.9% in July 2024, the raise may not keep up with living costs and is lower than recent private-sector wage growth. In response to concerns about a potential return of former President Donald Trump and his plans to restructure the federal workforce, Biden introduced new regulations in April to protect federal workers, preventing them from being reclassified as political appointees. These rules aim to safeguard job security and ensure nonpartisan federal service delivery. (Full story)

A young woman discovered that her mother had racked up $30,000 in debt in her name without her knowledge, just before she graduated from college. The daughter first noticed a random credit card bill a year ago and later found that her mother had added her as an authorized user on several credit accounts, significantly damaging her credit score. When confronted, the mother initially denied the charges but later admitted she had incurred the debt as "payback" for raising her, urging her daughter to drop a police report she had filed. Despite family pressure, the daughter chose to keep the report, leading to her mother's arrest for identity theft. Although the family's relationships were strained, the daughter managed to improve her credit score and secure an apartment, while considering credit monitoring services to prevent future incidents.

 (Full story)