10 Unconventional Money Rules to Live a Richer Life

Rich Jones

A little bit of a different format this week.

We’re looking at 10 unconventional money rules – at least, in my mind they’re unconventional – to help you save more, earn more, and improve your financial situation.

To help me go back and forth on these points I’m joined by Rich Jones. He’s the host of the award-winning PaychecksandBalances podcast – helping you navigate your finances and career.

Rental Arbitrage: $200k in Profit Without Owning Any Property

rental arbitrage

Rental arbitrage gives you a way to make money with Airbnb — without owning any property.

Traditionally, building a real estate side hustle takes big bucks for down payments, closing costs, and renovation projects.

But enterprising short-term rental “moguls” are questioning if owning the property is even necessary. These rental arbitrage entrepreneurs sign long-term leases, and then turn around and sub-let the property on a short-term basis — profiting on the spread.

My Alternative Investing Performance Update

Here’s my annual review of my “non-traditional” investments, including peer-to-peer lending, real estate crowdfunding, business lending, and even cryptocurrency.

And of course this is just a snapshot into my experience, not investing advice or a solicitation to invest.

Let’s dive in and see what happened.

387: Retiring Early with Real Estate: $15k a Month in Passive Cash Flow

Dustin Heiner

The passive income dream is real for Dustin Heiner of MasterPassiveIncome.com, he’s currently making $15k a month with around 30 minutes time investment on his part.

Dustin has achieved this by following a systematic approach to buying and letting out properties.

He started with his first property back in 2006. Within 6 years he had 19 properties, and within 9 years he had 26 properties and had retired from his day job at the age of 37.

Trading Stocks: Can You Really Make $1000 a Day From Home?

Is trading stocks a legit way to make money from home? Or is it just another get-rich-quick-scheme?

Admittedly, I’ve always kind of looked at stock trading as a glorified form of gambling. And to be sure, there are risks involved.

In this episode, Teri Ijeoma does a good job of convincing me there really is an art and a science to it — and that it is a winnable game.

Selling Tradelines: The $1000 an Hour Side Hustle?

selling tradelines

Could selling tradelines be a new income stream for you?

I’d heard whispers of this lucrative, relatively low time-investment side hustle, but never met anyone actually doing it. 

That is, until I ran into Paul at FinCon. He said he started out skeptical, but had turned it into a $1000 a month income stream with very little work.

350: Is Real Estate Your Next Income Stream? Rental Property Q & A

Buy a house.

Rent it out.

Tenants pay it off for you.

It’s possibly one of the oldest side hustles in the books, right?

Done right, owning rental properties can be an attractive long-term income and wealth-building strategy. But done wrong, it can be a recipe for headaches and a mountain of debt. 

Options Trading 101: 8 Rules for Success for Total Newbies

Kirk DuPlessis

In this episode, we’re tackling a topic that’s been frequently requested by listeners, but is somewhat foreign to me, and that is options trading.

To help school me on this, I’m excited to welcome my friend Kirk DuPlessis to the show. Kirk runs the super popular site OptionAlpha.com, where you can get all sorts of free options trading training. He’s been at this for over 10 years and the site has over 150,000 members.

Options trading is a high probability form of investing, but as with all investments it’s based on risk. Risk, that Kirk is able to leverage with his in-depth understanding of the market — and by following a few key rules he’s sharing with us today.

330: Land Flipping Revisited: From Zero to $10,000 a Month on the Side

Roberto Chavez started his raw land flipping side hustle a little over a year ago, and with persistence, has already built it into 5-figures of monthly revenue.

This is a business model that was first introduced to me by Mark Podolsky, from TheLandGeek.com, in episode 108 of The Side Hustle Show.

He called it “the best passive income model” because it avoids “the 3 T’s” of traditional real estate investing: tenants, toilets, and termites.

Usually Hustling, Occasionally Social

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