303: The 15 Income Streams I'm Working on Right Now
The Side Hustle Show
Nick Loper
4.7 • 1.6K Ratings
🗓️ 4 October 2018
⏱️ 32 minutes
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| 0:00.0 | Side Hustle Show 303, 15 things you can do over the next year to start living for free. |
| 0:07.0 | These are the income streams I'm working on right now. |
| 0:12.0 | What's up, what's up, Nick? Loper here. Welcome to the Side Hustle show because making |
| 0:16.4 | extra money never goes out of style. A little bit of a backstory. Four years ago I did an |
| 0:21.1 | episode called The Eight Income Streams I'm working on right now. |
| 0:24.0 | It was a pretty popular one at the time, but a few listeners have been asking for an update, |
| 0:28.2 | so here we are. |
| 0:30.0 | And before we dive in, know that all advocate simplicity before diversification, a lot of these income streams of mine are going to be related |
| 0:38.4 | and they have some overlap, but they're also things I've been working on and building for years |
| 0:42.2 | in most cases. I want to say more is not |
| 0:44.6 | necessarily better. The way I want to frame this is what I call the side hustle |
| 0:49.8 | snowball where you itemize out your monthly expenses starting with the smallest |
| 0:55.1 | subscriptions stuff like your gym membership your life insurance your cell phone |
| 0:59.0 | bill and working your way up to the things that eat a bigger percentage of your monthly |
| 1:03.8 | budget your car payment and insurance your food to groceries your student loan |
| 1:08.7 | payment your daycare you rent your mortgage and the idea behind the side hustle snowball is to slowly |
| 1:14.8 | erase or eliminate those expenses with new income. What can your side hustle make free? |
| 1:20.6 | And it's natural to want to erase your mortgage and I think that's actually an |
| 1:24.2 | awesome goal but the snowball lets you work your way up to that and celebrate some |
| 1:28.6 | smaller wins along the way. A lot of the income streams I'll share I actually try and position that way because the truth is they're not all huge a lot of them are snowball worthy though and I think you can start using them to start chipping away and building momentum toward that ultimate goal of financial |
| 1:44.0 | independence. It's a little bit of a look behind the scenes, a little bit of a |
| 1:47.6 | choose your own adventure, like which of these could you add to your own stack? |
... |
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