How to successfully make money from your hobbies

Each week the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's the things you need to know before monetising a hobby. Hosted by Frances Cook.<br /><br />When you're trying to get better with money, there's on simple truth that can't be ignored: it's always easier to do well if you have more cash coming in the door. <br /><br />Asking for a raise is one option, but another that appeals to many people is starting their own business. <br /><br />After all, the stakes may be high, but so are the rewards. <br /><br />It is something the average person can do. After all, New Zealand is famous for its business scene being dominated by small to medium businesses. <br /><br />The trick is that, if it's just you, you only have yourself to rely on. <br /><br />You need to become a jack of all trades, and learn fast, if you want to be successful. <br /><br />I talked to Xero's Managing Director for New Zealand and Pacific, Craig Hudson, for the latest Cooking the Books podcast. <br /><br />We discussed what to know before you start, the common problems, and how to wrap your head around the financial side. <br /><br />For the interview, listen to the podcast.<br /><br />If you have a question about this podcast, or an idea for the next one, come and talk to me about it.<br /><br />I'm on Facebook <a href="https://www.facebook.com/FrancesCookJournalist" rel="noopener">https://www.facebook.com/FrancesCookJournalist</a>/ <br />Instagram here <a href="https://www.instagram.com/francescooknz" rel="noopener">https://www.instagram.com/francescooknz</a>/ <br />Twitter <a href="https://twitter.com" rel="noopener">https://twitter.com</a>/FrancesCook