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, peer-to-peer lending, and even buying businesses.
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 positive cash flow.
Want to know how the new tax laws that came into effect at the beginning of 2018 impact the amount of tax you pay as a side hustler or business owner?
I invited Mr. CPA on fire Josh Bauerle back onto the show again to talk through the most important tax changes and what they mean for you and your business.
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.
It’s like owning a parking lot, Jefferson Lilly explained. And you can earn 20% cash on cash returns too.
That got my attention, though those returns are coming from a surprising real estate niche: mobile home parks.
Zeona McIntyre is earning $12-18k a month through her portfolio of vacation rental properties and her “co-hosting” service for other property owners.
All this has afforded Zeona financial independence at a very young age, as she built her operation largely by piggybacking on the growing popularity of Airbnb.
Regular Side Hustle Nation readers and listeners have a whole brain full of strategies on how to get paid.
The question is:
What do you do with the extra income?
What if your savings could pay you growing passive income every year? This article covers how to make your side hustle earnings continue to hustle for you – without doing anything.
Dr. Kenyon Meadows MD is a practicing Radiation Oncologist by day, but by nights and weekends he’s a self-proclaimed alternative investment enthusiast.
Tune into this edition of The Side Hustle Show to hear how Dr. Meadows is earning double digit returns in Turnkey Rental Properties, Real Estate Private Lending, and Business Lending.
He also shares you can get started yourself for as little as $10.
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.
My experiment with peer-to-peer lending at Prosper.com continues, though I’m not quite as bullish on it as I was a year ago. The platform has seen some impressive growth, both in terms of the number and volume of “originations,” and the number of lenders competing for the most attractive loans to lend on. I’m still … Read more
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?
Just 30 minutes with Josh saved me thousands of dollars, so you owe it to yourself to listen to this episode and see if you can put some money back in your pocket too.
Josh Bauerle is the CPA on fire at cpaonfire.com. Josh specializes in tax preparation, tax planning, bookkeeping, and general consulting services for online entrepreneurs.