00:00:00
A lot of people are looking for passive
00:00:02
income from side hustles. Yeah, it's the
00:00:04
financial ompic and it's more accessible
00:00:06
than ever. Like 90% of the ideas I talk
00:00:08
about can be launched with $500 or less.
00:00:10
And there's enough time in the day to do
00:00:12
these on the nights and weekends. So in
00:00:14
these three suitcases in front of me, I
00:00:16
have three different amounts of money.
00:00:17
And during this conversation, I'm going
00:00:18
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
00:00:23
money. Sounds good. Let's do this. Many
00:00:26
of us struggle financially and they see
00:00:27
a side hustle as a solution to that.
00:00:29
Like for me, growing up kind of poor,
00:00:31
business allowed me to take hold of my
00:00:32
life and make it what I wanted it to be.
00:00:34
And it started when I was 9 years old
00:00:36
and wanting a Red Schwin bicycle. My
00:00:37
friends had a bicycle, my neighbors had
00:00:39
a bicycle, and my parents didn't have
00:00:40
money for it. But I lived across the
00:00:41
street from a golf course, and these
00:00:42
golf balls would fly in my yard, and I
00:00:44
would go to my neighbor's yard and go
00:00:45
across the street, dig through the
00:00:46
ditches, and I'd pull out all these golf
00:00:48
balls, and I started selling them. That
00:00:49
was my first business. That taught me
00:00:51
that business is approachable and we all
00:00:53
have ideas, but we usually don't do
00:00:55
anything about it. Why? I think number
00:00:56
one, they're afraid of what people
00:00:57
think. Number two is they don't have the
00:00:59
tools or they're not connecting the
00:01:00
tools with the ideas. If we can get over
00:01:03
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
00:01:08
comes to mind is my favorite business
00:01:10
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
00:01:21
afford to follow your passion. And how
00:01:23
does someone validate a business idea?
00:01:25
If I had to pick one tool, it's one that
00:01:27
one in four humans use every day.