520: The BEST Side Hustles You Can Start in 2024 (Outside of Real Estate!)

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 16 April 2024

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

The best side hustles can put some extra cash in your pocket, help you leave your W2 job, or even launch you toward FIRE. If you’re looking to make money in ways other than real estate investing, you don’t want to miss this side hustle special! Nick Loper, founder of Side Hustle Nation and host of The Side Hustle Show, has been building businesses since he was a teenager. From lucrative digital assets to service-based ventures, Nick has done it all, and today, he’s bringing some fresh ideas for you to try. As you’re about to learn, these fledgling businesses come in all shapes and sizes. Some take years to nurture before you reap any reward for effort, while others allow you to start earning immediately. In any case, you need to choose one you’re interested in and stick with it if you want to see results! In this episode of the BiggerPockets Money podcast, Nick dives into some of his favorite side hustles—many of which you can start TODAY with little to no money and minimal time. You’ll learn whether it’s still possible to build amoney-making blog in 2024, as well as how to make extra income by renting out assets like inflatables, hot tubs, and vending machines! In This Episode We Cover Nick’s favorite low-money side hustle ideas (not named real estate!) How to turn your own side business into a money-making machine Creative ways to earn royalties from YOUR original works or ideas How to build a digital asset that generates income for years to come Why you MUST follow the “rule of one hundred” with every new side hustle The non-digital assets you can rent out for a HUGE profit And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Scott on BiggePockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Find an Investor-Friendly Agent in Your Area Find Investor-Friendly Lenders How Anyone Can Easily Make Extra Money Using Side Hustles with Nick Loper Finance Friday: Pay Off Debt, Invest in Real Estate, or…Buy Vending Machines? Make an Extra $100/Day with These Work-From-Home Side Hustles Hear Nick on “The Side Hustle Show” Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-520 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	On today's episode, we're talking about creative income producing assets outside of real estate.
0:05.7	That's right, Mindy. We're talking to Nick Loper from Side Hustle Nation and how you can start thinking
0:10.0	creatively about on and offline income generating side hustles with little or no money to start.
0:15.6	Hello, hello, hello, and welcome to the BiggerPoggins Money Podcast.
0:19.4	My name is Mindy Jensen and with me today is my fabulous co-host Amanda Wolf.
0:24.0	Hi Mindy, oh he's good to be here.
0:26.1	I'm excited to be talking all about side hustles today because we are here to make
0:29.6	financial independence less scary and less just for somebody else. To introduce you to every money story
0:35.1	because we truly believe financial freedom is attainable for everyone no matter where or when you're starting.
0:40.5	Nick Loper from Sight Hustle Nation, welcome back to the BiggerPockets Money
0:44.8	Podcast. It is always good to talk to you and I'm so excited to have you today.
0:48.6	I am excited to be here. Like we said, 500 episodes ago or that's it's great to be back.
0:53.3	Yeah we need to get you on a little bit more frequently than every 500 episodes.
0:57.7	You know Nick here at Bigger Pockets we talk about real estate all the time but you have brought us some interesting income producing
1:06.3	assets besides real estate, and I would love to first define what you mean by asset.
1:12.8	Yeah, asset, something that you own or control that pays you.
1:15.8	Every month, every quarter, every year, whatever increment that you want to look at it.
1:20.4	But something that you own or control that spins off income.
1:24.7	And I feel like the word asset is thrown around a lot like in the media and social media in the news.
1:32.1	Like what is the difference for you from like an asset and a liability,
1:36.2	we count some things as assets, some things as liability, and how much time would you say that
1:40.2	it takes to require a good asset, like one that you would consider worthy.
	...

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