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.
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.
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.
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.
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.
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.
Have you ever done a juice cleanse or a “Whole30” challenge?
While I haven’t ever gone to that extreme, I DO always feel better physically and mentally after even just a few days of clean eating.
So if a quick “cleanse” can work for our health, why not try it with our money?
Making money in real estate typically requires owning the property, right?
Coming up with a large down payment, securing financing, dealing with tenants, handling maintenance and repairs. The barriers to entry aren’t exactly low.
But what if you could skip all that and still bring in serious cash flow by renting out apartments and homes without buying them?
When Richie Matthews and his wife were looking to supplement their seasonal events business in late 2019, rental arbitrage seemed like an ideal side hustle.
Little did they know that just a few months later, that tiny side hustle would quickly scale into a business managing 60 units and generating over $2.5 million in revenue and $700k in profits. He now runs his company, iStayUSA.com.
Have you heard of Turo? Think Airbnb but for cars.
This is my review of the Turo peer-to-peer car rental platform, from the owner’s perspective.
Over the last 4 months, my husband and I have managed to leverage underutilized cars in our driveway and the Turo platform to get a free Tesla Model S for our day-to-day driving.
What if you could make your rent or mortgage payment go away?
Or, what if instead of paying that expense every month, your living situation actually paid you?
It’s not as far-fetched as it may sound.
In fact, that’s exactly what today’s guest, Craig Curelop, has done by intentionally “house hacking” over the past few years.
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