In this episode, I want to share with you 10 side hustle ideas that range from the easiest/the most passive to the hardest/the most active. My hope is that this list can provide you with a full range of options, so you can decide which one or ones to pick depending on how much time you have and how much capital you have. The list starts with the ones that require more capital but less time and ends with those that require a lot of time but a modest amount of capital, at least to start with. 

1. Passive investing like real estate syndication, hard money lending, Angel investing etc.
2. Making use of your existing assets to generate passive income with apps like Airbnb and Turo.
3. Active real estate investing.
4. Consulting.
5. Coaching.
6. Working a second job that is flexible like driving an Uber, task rabbiting, dog walking, etc.
7. Learning a new skill like running Facebook ads and providing such services to people.
8. Becoming an influencer.
9. Developing and selling a course.
10. Running a side business.

In this episode, I am sharing why I think recession is imminent because of the current inflation situation. There are also some tips on how to tackle the potential recession:

1. Listen to personal finance cat podcasts. 
2. Save up even more than you normally would. 
3. Invest in recession proof assets.
4. Boost your income by switching to a new job. 
5. INCREASE your investment during the recession.

In this episode, I want to share with you 7 tips on how to increase your earned income fast (relatively):

1. Grind it out in the early years.
2. Pick the path of least resistance.
3. Niche down to a very specialized area where there’s a high demand for the skill set.
4. Keep learning and stay relevant.
5. Be vocal, network and advocate for yourself.
6. Think strategically and think big picture.
7. Don’t be afraid to jump ship if a better opportunity presents itself.

Book recommendation:

So Good They Can't Ignore You: Why Skills Trump Passion in the Quest for Work You Love

by Cal Newport

In this episode, I am sharing some tips and tricks on budgeting (my least favorite topic on personal finance - shh...) and more importantly, the motivation behind budgeting and why it is fundamental to financial success!

Show notes:

1. Business Insider article on high earning millennials feeling broke: https://www.businessinsider.com/high-earning-henry-millennials-six-figure-salaries-feel-broke-2021-6?amp
2. Financial Independence Retire Early (FIRE) movement: https://www.investopedia.com/terms/f/financial-independence-retire-early-fire.asp
3. House Hacking: https://www.biggerpockets.com/blog/2013-11-02-hack-housing-get-paid-live-free

In this episode, I want to share the 6 simple steps of financial planning with you:

1. Know where you are financially. 
2. Set your retirement age.
3. Calculate your monthly savings goal.
4. Make a budget and stick to it! 
5. Invest your savings in index funds.
6. Periodically adjust and stay motivated.

FIRE movement:

https://www.forbes.com/advisor/retirement/the-forbes-guide-to-fire/

4% Rule:

https://www.cnbc.com/2021/11/11/the-4percent-rule-a-popular-retirement-income-strategy-may-be-outdated.html

Retirement Calculator:

https://investinganswers.com/calculators/saving/million-dollar-savings-calculator-how-long-do-i-need-save-become-millionaire-3678

When is the next real estate crash in the US? My bet is 2026. Curious? Give me 10 minutes of your time and I'll explain why.

Show Notes:

• Harvard Business School article on the US real estate cycle:

https://extension.harvard.edu/blog/how-to-use-real-estate-trends-to-predict-the-next-housing-bubble/

• Cost of Raising a Child:

https://www.bankrate.com/insurance/life-insurance/cost-of-raising-a-child/#:~:text=In%20the%20US%2C%20the%20average,Department%20of%20Agriculture%20(USDA).