Investing might sound scary or intimidating, but really it’s about one simple idea:
How to make your money work for you.
You earned it once, now how can you multiply it in a way that aligns with your risk tolerance?
It’s weird, but I sit on both ends of the spectrum on this, at once having made big bets on my own business and experimenting with “alternative” investment platforms, and on the other hand being paralyzed into sitting on the sidelines by fear the market might go down.
In this section of the site, you’ll find information on real estate investing, trading stocks, and even buying businesses.
Your net worth is the sum of all your assets (cash, savings, mutual funds, equity in your home, etc.) minus your liabilities (student loans, credit card debt, mortgages, etc.).
One tool I like to help calculate your net worth is Personal Capital. It’s free!
What’s the goal of your investment? A goal of accumulating wealth to retire in 30 years is very different than a goal of earning $1000 a month in passive cash flow.
If you’re evaluating all your different investment options, it can be a little overwhelming. This cool quiz from my friends at Money Made can help narrow down your choices and point you in the right* direction.
Discover investing opportunities on MoneyMade.io
*Nothing on this site should be considered financial advice.
Here’s how The Side Hustle Snowball works:
You itemize out your expenses and then aim to come up with side hustle income to cover them, starting with the smallest and working your way up.
Once you reach the bottom of your list, you don’t need your job anymore!
If you’re looking to add some time-leveraged cash flow to your bottom line, two of the best options are investing in rental real estate and buying small businesses.
Both are viable options, and to help you figure out if either or both of these investment options are right for you, it’s time for another Side Hustle Showdown.
Chad Carson is a 30-something semi-retired real estate mogul, who together with his business partner, oversees a portfolio of 90+ rental units.
In fact, he and his wife are in the middle of an exciting adventure — a year abroad in Ecuador with their two daughters.
But of course he didn’t start there. Fresh off the football field at Clemson, Chad’s real estate career started more modestly by “bird dogging” and house hacking — two of the tactics he shares in this week’s show.
How do you turn a “junk land” — a seemingly worthless piece of land — into a profitable investment?
We’ve talked about flipping products for a profit or real estate investing before. We’ve even talked about land investing.
But never like this.
Wayne Seminoff from JunkLandIntoGold.com specializes in finding unloved, unbuildable lots — then he fixes the issues — before reselling these new and improved lots for up to 10x his initial investment.
That’s exactly what Garr Russell from firesidervrental.com did with RVs (recreational vehicles), and he’s turned it into a thriving business.
Could you do the same thing? Could you apply this idea to a different niche?
I think there are some valuable lessons here for aspiring side hustlers in any niche.
Pogo pays you to share your location and purchase data. In our Pogo review, we share how it works, how much you can make, and alternatives to consider.
Income producing assets are things you own (or control) that pay you every month, quarter, or year.
In this post, I’ll share some of the best income producing assets you can build or acquire — starting on the side.
Austin Miller built a $1.2 million real estate portfolio at 31 years old — for free.
He’s a side hustling real estate investor specializing in “creative” financing deals — houses he can buy without using his own money.
Cashwalk is my latest money-making app find. It pays you for tracking your steps, and I earned my first $5 Amazon gift card in about 3 weeks. But the process isn’t completely passive, which might make it not worth your while.
Real estate investing is perhaps one of the oldest side hustles in existence.
Buy a house, rent it out, and build wealth. It’s a tried and true formula, and certainly a way to stop trading time for money.
This idea was popularized by books like Rich Dad Poor Dad, explaining (often with real estate as an example) how you can “escape the rat race” when income from assets you control exceeds your monthly expenses.
But real estate investing comes in many different “flavors” — and some take more time and money than others to get started with.
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