This week I didn’t know what topic to write about so what I did was asking my audience on Twitter what category of content they want to read.
I offered the following options:
- Financial Literacy
- Side Hustles
- Dividend Growth Investing
The impressive result was that all guys who’ve voted wanted me to write about side hustles…yes, indeed, both of them 😉
First, I wanted to start a 6 months case study about one specific side hustle. However, as it turned out I received a very lucrative freelance offer that will keep me busy over the next 6 weeks. It’s my first freelance project and far from my living place so I have to commute a lot. Therefore, I first want to check out how much time is left before I commit myself to another project.
That’s why I came up with the idea for this post. Now you could say, this is no real content from my blog that will help you make money on side hustles. Anyway, I want to provide you the best content on all the stuff I write about and if I can’t give you that right now, I will at least guide you to the places where you can find it.
So let me show you 3 great places to find tons of information about side hustling! Before let me show you why I love side hustles.
The reason I love side hustles
There are literally thousands of reasons why side hustling is a good idea. However, I cut the list down to 5 items.
- You have fewer problems if you lose your job/income (multiple income streams are a good thing and you should have at least two!).
- It’s something different. Therefore you can learn new skills and this can be a welcome change from your day-job.
- You will receive some extra $$$ that can be used to build your wealth or spend more.
- The side gig could turn into a full-time job and be very lucrative overall.
- You are free to devote as much time as you want to (the more; the better for sure).
You see, with side hustles you minimize your dependency on your first income, learn new things, get extra cash and build a great business. However, often this will take you some work upfront but if you will receive an extra $100, $500 or $1,000, I would say it’s not that bad.
So I hope you see, why I love side hustles and I am eager to build them on my own. Let’s start with the amazing resources I’ve promised to you.
Spencer Haws’ Niche Pursuits
Link to his website: https://www.nichepursuits.com/
Spencer Haws covers a pretty small part of the side hustles available but don’t underestimate this! He started out in 2005 and his experience is incredible. He mainly talks about niche websites (where he made $10,000/month from) and Amazon FBA (where he sold his business for $425k recently). Believe me, this guy knows what he’s talking about and is an expert in online businesses.
If you are interested in building an online business and have some time, you should definitely check out his website. He also has a membership program which costs $37/month or $397/year with a 7 day trial for just $1. With that, you get access to his private Facebook group, several courses, monthly blueprints for specific strategies and two live webinars per month. He has a great balance between solid free content and a very attractive offer for his paid program. The testimonials of this insider training sound pretty amazing. Several guys were able to make more than $1,000 in their very first month!
My suggestion: Check out his website and free content. Sign up for his newsletter and if you like it, you can also start using his membership program. After that, tell me, if you were successful building some side income 🙂
Note: If you totally don’t know how to make money online, I can highly recommend reading this article by Franchise Under 10k. It’s a good overview of the different business models and how to make money with those.
Nick Loper’s Side Hustle Nation
Link to his website: https://www.sidehustlenation.com/
This is quite an obvious pick for me. Nick Loper is Mr. Side Hustle himself. He has done thousands of tutorials and he is well-known for knowing all about side hustles and he was a speaker at a TED talk. Compared to Spencer he also covers not exclusively online and much more side hustles. However, you will still find a lot about online hustles there. I especially like this post which consists of 99 side hustle business ideas you can start instantly! That’s insane! I’m quite sure you will find something you can and want to start right away!
Lastly, I want to add, if you don’t like written content (what are you doing here???) he has also a podcast which has already 265 episodes (visited on 11th January 2018). Make sure to check it out!
My suggestions: Again check out his website and sign up for his newsletter (which consists of more than 60,000 hustlers) and join his free Facebook community.
Pat Flynn’s Smart Passive Income (SPI)
Link to his website: https://www.smartpassiveincome.com/
Last but not least, I want to introduce Pat Flynn to you.
But before, what can be better than making money through side hustles? Exactly, making money through side hustles without trading time for money!
This is exactly what passive income is about. If you want to know what else is great about passive income, make sure to check out my post. In a nutshell, you will only have to work upfront to create a product or system and later on, you will have very low maintenance and just receive one paycheck after another each and every month. It can be best described in one sentence from his podcast intro:
It’s all about working hard now so you can reap the benefits later.
This guy is the expert when it comes to passive income. He has built e-books, generated probably millions of dollars through affiliate earnings, sold online courses, created niche sites and marketed his software and apps. Does all of that stuff works? It does! He generates 6-figures per month and roughly $2M per year.
Sure, with that many income streams there will always be something to do, so it’s not really passive anymore. However, do you know why he decided to give this a chance and not going back to a 9-5 job? No, he didn’t want to have the biggest house nor the fastest car. He simply wanted to be there when his son grows up. Impressive!
My suggestion: Check out his blog and podcast and make sure to get on his email list! These income streams probably take a little more time to build. But hey, let’s work hard now so we can reap the benefits later!
Side hustles can make you rich
I know it will require some commitment and time from you, but with side hustles, you have several benefits over your current day job. Another great thing is that you don’t need a high starting capital. There are thousands of income streams and most of them don’t take more than $10/month to get started.
One thing to note is that you can increase your income with them. This is a very important step to becoming rich! I know my name is Sir Budget, but dude, spending less money is always limited. You need some stuff and very often you cannot save more or the time you put in to save another $10/month is not worth the effort. Making more money isn’t limited. You can always increase your income through side hustles, a new career, investing, etc.
So how did you like this post today? Are there any sources I should add to the list? What do you think about the post lenght which is a lot shorter than normal? Let me know by leaving a comment in the comment section below or tell me on Twitter!