The 17 Income Streams I’m Working On Right Now
What can your side hustle make free?
That’s what The Side Hustle Snowball framework tries to answer.
Investing
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.
Before You Get Started
Know your net worth.
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!
Know your objective.
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.
Get tailored recommendations.
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.
The 13 Best Ways to Get Free Amazon Gift Cards – $100+ on Autopilot
Since I know I’ll eventually spend the money on Amazon, an Amazon gift card is pretty much as good as cash these days.
But why would you buy Amazon gift cards when you can get them for free?
20 Best Real Estate Side Hustles to Build Wealth and Cash Flow
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 to Start a Local Lead Generation Website: $100,000 in One Year
This week’s guest is a long-time Side Hustle Show listener who reached out with a unique side hustle: what’s essentially a part-time lead generation website.
Link Moser runs NHFineHomes.com, which features high-end, lakefront real estate listings in New Hampshire.
79 Alternative Investment Platforms to Earn Stronger Returns, Build Cash Flow, and Diversify Your Portfolio
I’ve been excited about alternative investments since my early days as an aspiring real estate investor and peer-to-peer loan shark.
If you’re bored/scared/disillusioned with the “traditional” stock market and mutual fund asset classes, or if you just are curious what else is out there, this post is for you.
The cool thing is we’re living in a golden age of alternative investment opportunities, and it was quite an undertaking to compile these options.
5 of the Most Popular Side Hustles — And What to Do Instead
As side hustles become more popular — and perhaps necessary — let’s take a look at some of the common options … and what you might consider doing instead.
Passive Real Estate Investing: Build Cash Flow and Equity—without the Sweat!
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.
How to Make Money with NFTs: Opportunities for Side Hustlers and Creators
Selling JPEGs and other digital collectibles – do NFTs present some of the hottest investment opportunities right now?
You could hardly open your laptop or unlock your phone this year without reading about NFTs or non-fungible tokens.
When you start to see jpegs selling for tens of thousands of dollars, you can’t help but ask, wait, what’s going on here?
Side Hustle Showdown: Buying a Business vs. Investing in Real Estate
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.
The Side Hustle Snowball: How to “Erase” Your Expenses with Extra Income Streams
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!
