613: 14 Income Producing Assets

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.7 • 1.6K Ratings

🗓️ 13 June 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Income producing assets are things you own (or control) that pay you every month, quarter, or year. In this post, I’ll share some of the best income producing assets you can build or acquire — starting on the side. These selections are based on: 15+ years building income-producing assets online 20+ years as an investor in income producing assets 500+ interviews with successful side hustlers You’ve probably heard the saying that it “takes money to make money,” but that’s not always true. Sure, starting with money will help, but you can also create income producing assets with a little sweat equity. Ready? Let’s do it! Full Show Notes: 14 Income Producing Assets New to the Show? Get your personalized money-making playlist here! Sponsors: LinkedIn Sales Solutions – LinkedIn’s deep sales platform gets you more conversations with people that matter! Indeed – Start hiring NOW with a $75 sponsored job credit to upgrade your job post! This is Small Business Podcast – Brought to you by Amazon, explore the stories of small business owners as they navigate their path to success! Tailor Brands — Get 40% off the all-in-one platform to build your online brand the smart way w/ code SIDEHUSTLE.

Transcript

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0:00.0	14 income producing assets to help you build at side hustle cash flow.
0:05.0	What's up, what's up, Nick Loper here, welcome to Inside Hustle show,
0:09.0	part of the entrepreneur podcast network because you're the CEO of no life.
0:13.6	Nobody else is going to do it for you.
0:15.3	Really important topic for you today because you know you can make money with your time.
0:19.8	Yes, but there's a powerful unlock that comes from making money that's not directly tied to your time.
0:25.0	Once income from assets you can't go exceeds your monthly expenses, you're financially free.
0:30.0	And one way to start to build up that is with income generating assets.
0:34.3	Income producing assets, these are things that you own or control that pay you every month,
0:39.0	every quarter, every year. These are stackable, scalable, honestly pretty addicting and can help you improve that
0:45.4	ratio of active to quote unquote passive income in your personal income pie chart.
0:50.5	Now you probably heard the saying that it takes money to make money and to be sure
0:54.5	starting with money it's not going to hurt you but you can also create income producing assets with a little
0:59.8	sweat equity. Now when I think of income generating assets real estate is one of the first things that comes to mind and that's number one on this list real estate can come in all shapes and sizes we've covered on the show rental property investing, mobile homes, rental arbitrage, house
1:14.7	hacking, real estate wholesaling, land investing, Airbnb co-hosting, a ton of
1:19.4	different strategies, right? But a basic example would be buying an investment property and running it out.
1:24.4	You profit on the spread between your monthly rent and your expenses, those being your mortgage,
1:28.9	your insurance, your maintenance costs. Now this is a realistic way to build both cash flow and
1:34.5	long-term wealth. In fact, not surprising, rental income is one of the most common
1:38.9	income streams of millionaires. Here's how Dustin Heiner explained his out-of-state rental
1:44.2	portfolio in episode 387.
1:46.7	The way to start is to number one find which state you're going to invest in and
	...

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