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.
Last month I attended two industry conferences, ICON15 in Phoenix and New Media Expo in Las Vegas. My total travel and registration expenses were just $249.98 for both shows combined.
(Not including food and drinks.)
No matter what industry you’re in, I believe conferences are a great way to make lasting connections and friendships, and to learn from leaders in your space.
I was very excited to sit down with Mark Podolsky, The Land Geek, to talk about his side-hustle-turned-full-time-biz of investing in raw land.
In fact, he was able to replace his day job income and quit his job only 18 months after starting.
Mark calls it the best passive income model because you don’t have to worry about building a website, building a product, dealing with tenants, dealing with repairs, or selling a service.
I’ve been medium-obsessed with the idea of early retirement ever since I discovered this little blog called Mr. Money Mustache a couple years ago.
The basic formula goes like this: once you have 25x your annual spending in invested net worth, you can theoretically live off growth/interest/dividends in perpetuity.
On today’s episode you’ll meet Jeremy Jacobson, who retired at 37 and now spends his days traveling with his wife and soaking up new cultures and experiences — and blogging about financial independence.
It’s tax season, and I think it would be foolish to give Uncle Sam more than you’re legally required to.
This week I’m joined by Joshua Sheats from RadicalPersonalFinance.com and the host of the Radical Personal Finance podcast.
He explains there are 2 tax codes: the personal tax code and the business tax code. As a business owner, even as a side hustler, there are a number of distinct tax advantages available to you. Listen in and keep your hard-earned dollars!
Jasper Ribbers is one of the leading experts on building an Airbnb side hustle, having done it himself with his Amsterdam apartment and having co-authored the bestselling book on the topic, Get Paid for Your Pad.
(He also runs a blog and podcast by the same name.)
I was introduced to Jasper by Jesse Krieger (Episode 62, Generating Lifestyle Business Ideas That Work), and grew fascinated by his story. He gets to travel the world while his asset back at home earns roughly $60,000 a year from short-term Airbnb rentals.
J. Massey discovered real estate as a business out of necessity. He and his wife were both in poor health, and as he explains, had a 398 credit score and $75 to their name.
Then, introduced to real estate wholesaling, the picture began to turn around. This strategy allowed J. to develop some cash flow without risking his own limited assets, and he says he got started by dedicating just 2 hours a day, or 10 hours a week to this new side hustle.
Earlier this year, Bryn and I switched cell phone providers from Verizon to Ting.
Our bill last month was $59 for 2 iPhones, less than half what we were paying at Verizon.
Over the course of the year, we’ll save $804 or more.
(Our average Verizon bill in 2013 was $126.26.)
So what’s Ting?
It’s OK, I’d never heard of them either.
In Episode 30 of The Side Hustle Show, we learn how to build a real estate wholesaling side hustle, without any experience and without risking your own money or credit score. Veteran investor Nick Ruiz shares how he earns $10,000+ per deal with his “Flipping Factory” system. This is definitely an interesting one! Subscribe to … Read more
In Episode 14 of The Side Hustle Show, Chris Guthrie helps me explore the idea of buying income-producing websites as a side hustle investment strategy. It takes a little bit of capital to play in this game, but Chris explains the first site he bought cost just $500 and has paid for itself many times … Read more
Smartwater is a brand of bottled water produced by the Glaceau company — the same company that makes those colorful VitaminWaters. I was surprised to learn Glaceau is a subsidiary of Coca-Cola. But what makes Smartwater so special? Is it really any different from regular water? Here’s what we know. Vapor Distillation Smartwater is “vapor … Read more
Free Resources
Blog
Community
$500 Challenge
Personalized Playlists
Side Hustle Quiz
The Fine Print
Terms of Use
Privacy
How We Make Money
CCPA
Do Not Sell My Personal Information
Accessibility Statement
As an Amazon Associate, we earn from qualifying purchases.