Dave Lee on Investing

How to GET RICH the sweaty way w/ Nick Huber


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I'm joined by Nick Huber (@SweatyStartup ), a self-storage business owner/operator and promoter of starting small unsexy businesses, to discuss how to start a business and make $1000 in the first month, spotting opportunities, objections to getting dirty, and generational wealth.
Nick Huber on Twitter: https://twitter.com/sweatystartup
Nick Huber on Youtube: https://www.youtube.com/c/SweatyStartup
Web: https://sweatystartup.com
Timestamps:
00:00 - Introduction
02:05 - First advice for those wanting to start a side gig and increase income
05:40 - Growing skills to find opportunity
07:15 - Graduating high school with $40k
09:06 - Details on college storage busienss
10:00 - Launch of post-college storage business
11:32 - Shifting to buying storage facilities
12:43 - Raising outside capital to buy more storage facilities
15:31 - Objection: I don't want to do hard stuff
18:45 - Objection: What if this is a dead end?
20:10 - Importance of geography
23:03 - Value of learning how to run a business
25:30 - Jobber and online tools
28:00 - Hiring from Philippines
30:09 - Finding and working with a partner, 2 reasons why partnerships fail
35:03 - What are you teaching your kids about business and money?
42:45 - Sample business idea generation
46:25 - Where does motivation come from
53:32 - Learning how businesses make money
57:20 - Importance of relational skills
Social
🐦 Twitter https://mobile.twitter.com/heydave7
🎧 Apple Podcast: https://podcasts.apple.com/us/podcast/dave-lee-on-investing/id1493031991
🎙️Spotify https://open.spotify.com/show/2iin015s0k21Bt4ldep9XT?si=uBV4Ft8hQEu_GE4YSIDDGg
📸 Instagram https://www.instagram.com/heydave7
Dave Lee on Parenting, https://www.youtube.com/channel/UCWD9b1BZqi2G2u30sGYIFrA
NOTE: Please don’t fall for scammers who might impersonate me or others in the comment section. I do NOT give out my number or ask people to contact me.
💁🏻‍♂️ Disclaimer: All content on this channel is for discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Should you need such advice, consult a licensed financial or tax advisor. All views expressed are personal opinion as of date of recording and are subject to change without responsibility to update views. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Author is long TSLA, LMND, SQ, and other stocks at time of original video publish date. When you buy through links in this video description, author may earn an affiliate commission.
Open an brokerage account at Interactive Brokers:
https://www.interactivebrokers.com/mkt/?src=daveleey&url=%2Fen%2Findex.php%3Ff%3D1338
Check out my archived articles/posts on Tesla and investing: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768
#sidehustle #business #investing

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Dave Lee on InvestingBy Dave Lee on Investing

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