#532 The Side Hustle System: How To Make Money In Your Free Time

Main Street Business

Mark J Kohler and Mat Sorensen

Management, Tax Tips, Entrepreneurship, Accounting, Business, Business Structure, Estate Planning, Tax Reform, Legal Compliance, Tax Prep, Tax Strategies, Financial Reporting, Irs Updates

4.8 • 584 Ratings

🗓️ 2 October 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of the Main Street Business Podcast, host Mark J. Kohler breaks down the roadmap to turn your side hustle into a powerful income stream. Learn how to form an LLC, develop a solid marketing strategy, and implement seven key principles that will set your business up for sustainable success. Here are some of the highlights: Mark emphasizes the need to turn side hustles into sustainable wealth-building opportunities.Mark introduces and unpacks seven crucial points for impacting si...

Transcript

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0:00.0	Welcome to the Main Street Business Podcast with your distinguished hosts, Mark J. Kohler and Matt Sorensen.
0:05.5	Both are best-selling authors and have over 25 years of industry experience with 10,000 client consultations,
0:12.3	making them the leading tax and legal experts in the nation.
0:16.1	Together, they'll unpack the most complex tax, legal, and financial strategies,
0:20.6	crucial for saving more,
0:22.1	stressing less, and building generational wealth. Today, they're your personal advisors.
0:28.1	Ready to break it down for you and make the tax and legal game easier than ever. Here is Mark and Matt.
0:34.5	Do you have a side hustle? Have you been building a side hustle? Do you want to turn your
0:38.5	side hustle into your main hustle? I don't know where this term came from. I think it evolved
0:43.4	during our pandemic where millions of Americans had to create additional income, but it's here
0:49.8	to stay. And there's now estimated over 50 million side hustle, which essentially means people that are
0:56.8	making income outside of their day job, maybe a W-2, or another business. They've got some other
1:03.1	gig, and that typically means a 1099, creating ordinary income. Well, we're going to talk about it
1:09.4	today, and I want to help you build
1:11.1	that side hustle to create something sustainable that's going to transform your wealth.
1:16.6	Now, my name is Mark Kohler. I'm a CPA attorney, bestselling author. I'm a small business owner
1:21.7	myself, real estate investor, and I love Main Street America. I love small business, and I think
1:27.1	the side hustle is the gateway drug to live in the American dream.
1:31.4	And so I want to give you seven ways that is going to seriously impact your side hustle in a magnificent way.
1:39.9	Really, this is going to be extremely beneficial for you.
1:43.1	You already know it.
1:43.9	I've done my 10,000 consultations with small business owners over the last 25 years, and
	...

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