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A lot of people are looking for passive
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income from side hustles. Yeah, it's the
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financial ompic and it's more accessible
00:00:06
than ever. Like 90% of the ideas I talk
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about can be launched with $500 or less.
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And there's enough time in the day to do
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these on the nights and weekends. So in
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these three suitcases in front of me, I
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have three different amounts of money.
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And during this conversation, I'm going
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to pass you a box at random. And your
00:00:20
job is to tell me what kind of business
00:00:22
you would start with that amount of
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money. Sounds good. Let's do this. Many
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of us struggle financially and they see
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a side hustle as a solution to that.
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Like for me, growing up kind of poor,
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business allowed me to take hold of my
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life and make it what I wanted it to be.
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And it started when I was 9 years old
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and wanting a Red Schwin bicycle. My
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friends had a bicycle, my neighbors had
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a bicycle, and my parents didn't have
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money for it. But I lived across the
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street from a golf course, and these
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golf balls would fly in my yard, and I
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would go to my neighbor's yard and go
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across the street, dig through the
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ditches, and I'd pull out all these golf
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balls, and I started selling them. That
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was my first business. That taught me
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that business is approachable and we all
00:00:53
have ideas, but we usually don't do
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anything about it. Why? I think number
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one, they're afraid of what people
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think. Number two is they don't have the
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tools or they're not connecting the
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tools with the ideas. If we can get over
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those, the world is our oyster at that
00:01:04
point. I have $1,000. What side hustle
00:01:07
would you start? The first thing that
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comes to mind is my favorite business
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idea of all right now. This is a zero
00:01:11
employee business. It's highly
00:01:13
profitable and that would be So, how
00:01:16
important is it for you to love the
00:01:17
thing to be successful at it? Ignore
00:01:19
passion. follow the profit until you can
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afford to follow your passion. And how
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does someone validate a business idea?
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If I had to pick one tool, it's one that
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one in four humans use every day.
