Hustle 101

The new year is upon us and with it comes a certain level of optimism and maybe even obligation to make some changes, set some meaningful goals, and aim for some big wins.

But it’s no secret that most New Year’s resolutions fail and a lot of goals lose steam after just a few weeks. To help make sure that doesn’t happen to you, I’ve recruited my good friend and master goal planner Tom Sylvester to join us today.

He’s a serial entrepreneur, real estate investor, author of the book Lifestyle Builders, and head business coach at 2x.co. Tom set a goal to retire by 35, later retired young, and now helps six and seven-figure business owners scale up without burning out.

Want to start a business but don’t have a degree?

The good news is you don’t need a degree to start a business. A full 56% of entrepreneurs didn’t graduate from college — and their businesses succeed and fail at roughly the same rates as everyone else.

Still, starting a business is challenging. That’s why I recommend the lower-risk path of starting as a side hustle. 

What if you could make $900 in a single day buying and reselling lawnmowers?

Dave Wilson, also known as @MoneyCoachDave, made over $50,000 flipping lawnmowers while in college. The side hustle helped him graduate debt-free and taught him valuable skills in buying, fixing, and reselling equipment.

It’s a buy low, sell high model that works whether you’re flipping lawnmowers, cars, or other equipment. And it’s a skill that can recession-proof your income.

Listen to Episode 713 of the Side Hustle Show to learn:

how to source underpriced lawnmowers (including the best-kept secret)
what to look for when buying (and what to avoid)
how to fix common issues and flip them fast

Can you really make money with scrap metal?

If you’ve got a truck and some extra time, it could be a viable side hustle to earn $100-500 a month.

In this post, we’ll dive into how to scrap metal for money and whether or not it makes sense for you.

Nathan Barry went from working at Wendy’s to running a software company doing $2.5M in revenue every month.

But there were several steps along the way — and those steps are the topic of today’s episode.

Is a small business credit card a good option for you and your side hustle?

Whether you’re looking for a way to separate your business and personal finances, or need a line of credit to cover startup costs, this post has you covered. 

Getting out of the rat race is simple, but not necessarily easy.

To escape, all you need is monthly income — from non-job sources — that exceeds your monthly expenses.

For example, if you spend $3000 a month, you’ll need to bring in at least $3000 (after taxes) outside of your day job.