623: Active vs. Passive Income

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.7 • 1.6K Ratings

🗓️ 12 August 2024

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Many side hustlers dream of passive income — that magical money machine that keeps churning even while you sleep. But is it a realistic goal for everyone? And with limited time, what should side hustlers focus on? To help break this down, we're going three rounds with Mr. Passive himself, Mike Hoffmann. (Check out Mike Hoffmann’s Vendingpreneur training program and get 10% off!) Full Show Notes: Active vs. Passive Income New to the Show? Get your personalized money-making playlist here! Sponsors: Shopify — Sign up for a $1 per month trial! Indeed – Start hiring NOW with a $75 sponsored job credit to upgrade your job post!

Transcript

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0:00.0	Active versus passive income.
0:03.0	With our limited time, what should side hustlers focus on?
0:06.0	What's up, what's up, Nick Loper here?
0:08.0	Welcome to the side hustle show because your 9 to 5 may make you living,
0:12.0	but your 5 to 9 makes you alive.
0:14.0	And that's the question on the table.
0:15.5	If you're already earning active income,
0:17.5	trading time for money at your day job,
0:19.5	doesn't it make sense to pursue passive income in your side hustle hours?
0:23.4	Well, maybe, but maybe not.
0:25.1	And what is truly passive?
0:26.8	After all, is there even such a thing?
0:28.6	And what's the true cost of earning it?
0:30.9	Excited to dive into this topic
0:32.3	and to help me out is Mr. Passive himself.
0:35.0	Mike Hoffman is back on the show.
0:36.7	Mike, welcome back.
0:37.7	Thanks, Nick.
0:38.7	Fire it up to be here.
0:39.8	You bet me as well.
0:40.8	You might remember Mike from the Vending Machine episode we did earlier this year. That's number
0:46.1	599 I want to say 599 in your archives if you missed it.
	...

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