00:00:00
A lot of people are looking for passive income from side hustles. Yeah, it's the
00:00:04
financial ompic and it's more accessible than ever. Like 90% of the ideas I talk
00:00:08
about can be launched with $500 or less. And there's enough time in the day to do
00:00:12
these on the nights and weekends. So in these three suitcases in front of me, I have three different amounts of money.
00:00:17
And during this conversation, I'm going to pass you a box at random. And your job is to tell me what kind of business
00:00:22
you would start with that amount of money. Sounds good. Let's do this. Many of us struggle financially and they see
00:00:27
a side hustle as a solution to that. Like for me, growing up kind of poor, business allowed me to take hold of my
00:00:32
life and make it what I wanted it to be. And it started when I was 9 years old and wanting a Red Schwin bicycle. My
00:00:37
friends had a bicycle, my neighbors had a bicycle, and my parents didn't have money for it. But I lived across the
00:00:41
street from a golf course, and these golf balls would fly in my yard, and I would go to my neighbor's yard and go
00:00:45
across the street, dig through the ditches, and I'd pull out all these golf balls, and I started selling them. That
00:00:49
was my first business. That taught me that business is approachable and we all have ideas, but we usually don't do
00:00:55
anything about it. Why? I think number one, they're afraid of what people think. Number two is they don't have the
00:00:59
tools or they're not connecting the tools with the ideas. If we can get over those, the world is our oyster at that
00:01:04
point. I have $1,000. What side hustle would you start? The first thing that comes to mind is my favorite business
00:01:10
idea of all right now. This is a zero employee business. It's highly profitable and that would be So, how
00:01:16
important is it for you to love the thing to be successful at it? Ignore passion. follow the profit until you can
00:01:21
afford to follow your passion. And how does someone validate a business idea? If I had to pick one tool, it's one that
00:01:27
one in four humans use every day.