477: How to Make Money with NFTs: Opportunities for Side Hustlers and Creators

The Side Hustle Show

Nick Loper

How To, Entrepreneurship, Business, Education

4.7 • 1.6K Ratings

🗓️ 30 December 2021

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

Selling JPEGs and other digital collectibles - do NFTs present some of the hottest investment opportunities right now? You could hardly open your laptop or unlock your phone this year without reading about NFTs or non-fungible tokens. When you start to see jpegs selling for tens of thousands of dollars, you can’t help but ask, wait, what’s going on here? And as is often the case when these new shiny things pop up, I try to learn from those who are a few steps ahead. In this episode you’ll meet Michael Quan from FinanciallyAlert.com, he’s a father of 2 who retired at 36, and calls himself “an accidental NFT investor.” I met Michael at FinCon this fall, and called him up to try and get some clarity on the murky world of NFTs, and where opportunity may lie for side hustlers, on the buying, trading, and creating side. Tune in to The Side Hustle Show interview to hear: why Michael is investing in NFTs and the returns he’s seeing where you can get started creating or buying NFTs yourself how to avoid scams and what Michael thinks the future holds for NFTs Full Show Notes: How to Make Money with NFTs: Opportunities for Side Hustlers and Creators

Transcript

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0:00.0	What's up, what's up, Nick?
0:01.0	A little over here.
0:02.0	Welcome to the side hustle show because you can't stop the waves, but you can learn to
0:06.2	surf.
0:07.2	You couldn't hardly open up your laptop or unlock your phone this year without reading about
0:10.7	one of those oncoming waves and FTs non-fungible tokens.
0:16.4	When you start to see JPEGs selling for tens of thousands of dollars, you can't help
0:20.6	but ask, wait a minute, what's going on here?
0:23.3	And as is often the case when these new shiny things pop up, I try and learn from those
0:27.7	who are a few steps ahead who've been there done that in this episode, you're going
0:31.2	to meet Michael Kwan from financiallyalert.com.
0:35.0	He's a father of two who retired at 36 and calls himself an accidental NFT investor.
0:41.0	I met Michael at FinCon this fall and called him up to try and get some clarity on the
0:46.1	sometimes murky world of NFTs and find out where the opportunity may lie for side hustlers
0:51.2	on the buying, trading, and creating side.
0:54.6	Notes and links for this one are at sidehustlelation.com slash NFT.
0:59.1	Ready?
1:00.1	Let's do it.
1:03.1	NFTs are really fascinating.
1:05.1	A lot of people think of them as little images and they're like, why would anyone want
1:09.4	to pay an absurd amount of money for an image?
1:11.9	I could just go take a picture of that and put it on my own phone.
	...

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