Speaker 1: Welcome to How the Money. I'm Joel, I'm Matt, and
Speaker 1: today we're talking about creating a dope side hustle dope.
Speaker 1: I just thought of how we haven't recorded at your
Speaker 1: house on a long time, Man, and I miss riding
Speaker 1: over on the bike. You have like an edge up
Speaker 1: because you're all you got the blood flowing and get
Speaker 1: your head clear, whereas I'm just sitting at home, putt
Speaker 1: my girls down to bed and and the kid funk.
Speaker 1: I think it's the best way to get you into it.
Speaker 1: Then it's maybe a couple of like face laps for me.
Speaker 1: What do you think do I'll get the blood flowing.
Speaker 1: I'd like it all right done. Next next podcast, we'll
Speaker 1: start off that way. I also wonder too, if we
Speaker 1: recorded earlier, if that would if we would seem more alert,
Speaker 1: you know, like in the morning. Do you do you
Speaker 1: think better earlier in the morning. Yeah. But the tough
Speaker 1: thing is, man would drink a beer. We have to
Speaker 1: go into work or do something the rest of the
Speaker 1: day and be productive. And you know, any time you
Speaker 1: drink a beer before noon, it's just gonna throw your
Speaker 1: whole day off. And in America it is definitely frowned
Speaker 1: upon to drink before noon. Uh. So I want to
Speaker 1: tell you one little life hack I did this week
Speaker 1: that for me has been really helpful and larded from
Speaker 1: our friend Andrew, and he keeps his phone on the
Speaker 1: gray scale mode, and so I just gave that a try.
Speaker 1: I switched my phone over in the settings to gray
Speaker 1: scale mode, so my it looks like a black and
Speaker 1: white photograph essentially, And uh, for me, it's actually made
Speaker 1: my phone a lot less visually appealing, which means I
Speaker 1: want to look at it less. And so it's been
Speaker 1: really helpful. I don't want to look at Facebook or
Speaker 1: Instagram or any of that stuff nearly as much, just
Speaker 1: because it's not nearly as advertising. It's so I'm using
Speaker 1: my my phone in a little more utilitarian way as
Speaker 1: opposed to just kind of like binging out on stuff.
Speaker 1: It's been really nice to not care about my phone
Speaker 1: nearly as much. Yeah, I've tried that, and you know,
Speaker 1: I kind of went back to color because I like
Speaker 1: the colors. I think I am curious to know how
Speaker 1: much time I am actually spending, you know, on my
Speaker 1: phone on certain apps, in particular Instagram, because with photography
Speaker 1: I'm on their a bunch from with my company and
Speaker 1: doing things like that. But I tried it out maybe
Speaker 1: last year, I think, and yeah, I just switched back.
Speaker 1: I can't remember a specific reason. I think I just
Speaker 1: I was just kind of sick of it. Well, I
Speaker 1: think for listeners out there who feel like they're on
Speaker 1: their phone too much, it's worth at least given it
Speaker 1: a shot, right going to your settings, try the great
Speaker 1: scale mode. Uh. We have a friend, Matt, that we
Speaker 1: just ran into random the other day at a brewery
Speaker 1: because that's where we run with our friends. And he
Speaker 1: had switched a flip phone. But apparently flip phones have
Speaker 1: gotten really expensive and he dropped like a hundred dollars
Speaker 1: on his flip phone, which I'm not an advocate of. Yeah,
Speaker 1: we weren't cool with that, but uh, yeah, so he
Speaker 1: switched to flip phone. And the odd thing was, he
Speaker 1: said it wasn't necessarily because he was on his phone
Speaker 1: too much, but he decided to switch anyway. I guess
Speaker 1: it was gonna save it money on his service, which
Speaker 1: doesn't make sense to me anyway, because there are a
Speaker 1: lot of really really cheap cell phone services out there.
Speaker 1: But I love that idea though part part of me,
Speaker 1: you know, part of me has wanted to go back
Speaker 1: to kind of the pre smartphone days just because I
Speaker 1: feel get sucked up so much of my life right
Speaker 1: and my attention, and so this gray scaling thing for
Speaker 1: me is kind of like that happy medium, Right, I'm
Speaker 1: not going back to that flip phone where I can't
Speaker 1: you know, access some of the articles I want to
Speaker 1: read or or whatever it may be, or you know,
Speaker 1: a post a picture that my family and friends can
Speaker 1: can check out of my kids, or the fun weekend
Speaker 1: that we had or something like that. But it does
Speaker 1: like help me put it down more and just not
Speaker 1: be as interested in the gadget altogether, which yeah, for me,
Speaker 1: is a really really good thing. Yeah, I think I remember.
Speaker 1: One of the biggest things about that being was that
Speaker 1: the notification colors didn't pop up, you know, and so
Speaker 1: you don't really see the little red dot, at least
Speaker 1: on the iPhones that I don't know what color it
Speaker 1: shows up on yours, probably like purple or something like that.
Speaker 1: But like the notification, you know, whether it's it's like, oh,
Speaker 1: you've got one new email or you know, five new
Speaker 1: years or whatever, and so it doesn't sort of stand
Speaker 1: out because that's sort of, uh, the sort of red
Speaker 1: alert look, and you're like, oh, I gotta answer that,
Speaker 1: or I gotta I gotta check that if you see
Speaker 1: it on your home screen, I do remember that not
Speaker 1: nearly fee feeling the urgency to sort of check something
Speaker 1: in particular text. So I yeah, i'd recommend that to folks.
Speaker 1: Give it a shot. See if it maybe makes a
Speaker 1: difference for you, if if you're like me, where I
Speaker 1: feel like I'm even really conscious of it, Like it's
Speaker 1: something that I try to be thoughtful about, and even
Speaker 1: still I feel like I'm on my phone too much
Speaker 1: and and so you know, there are a lot of
Speaker 1: people that just mindlessly do it and aren't even thinking
Speaker 1: about it. Um, and I'm trying to be conscious of it.
Speaker 1: But this is helping me actually do something about that
Speaker 1: consciousness and put it down a little bit more so.
Speaker 1: Um yeah, gray scale on your phone in your settings.
Speaker 1: Check that out. Uh, Matt, Let's get to the beer
Speaker 1: that we're drinking today. Yeah, man, that's right. Today we
Speaker 1: are drinking Tears of My Enemies. And this is a
Speaker 1: beer by Monday Night Brewing. This is an Imperial Milk
Speaker 1: Stout aged and Scotch barrels. So this is our second
Speaker 1: beer from Monday Night Boom. It's gonna be so good.
Speaker 1: They're the second return brewery, and I think we've mentioned
Speaker 1: a couple of times on the show that they're one
Speaker 1: of our favorite breweries in our state and locally they're
Speaker 1: just super awesome. And I'm really pumped about this because Matt,
Speaker 1: you and I both really like Scotch Scotch Scotch Scotch,
Speaker 1: and it's really hard to find a beer agent in
Speaker 1: Scotch barrels and this is and so I'm really excited
Speaker 1: to have it tonight. Yeah, and this beer specifically was
Speaker 1: donated to us by the guys over there Monday Night.
Speaker 1: And aside from that, we've had the bourbon barrel aged
Speaker 1: version of this. I don't know if you remember, but
Speaker 1: it was fantastic. So this one is I think it's
Speaker 1: set to be even better. But I wanted to mention that,
Speaker 1: so thank you guys for donating this beer to the show.
Speaker 1: We really appreciate it. And this bottle actually has this artwork.
Speaker 1: I guess it's watercolor. I'm not sure, but there's super cool.
Speaker 1: It definitely seems like it's hamp painted. I guess you
Speaker 1: can't tell if it's necessarily water color. But yeah, the
Speaker 1: artwork that they've been putting on the labels is really
Speaker 1: cool and they all involve like woodland creatures and yeah,
Speaker 1: for the most part, yeah, there's just super neat um. Okay, So,
Speaker 1: by the way you pour this beer, it pours like
Speaker 1: a really nice shade of black with like a brown
Speaker 1: lacing at the top. And I had a question for you.
Speaker 1: It's fantastic. The name of this beer is Tears of
Speaker 1: My Enemies. So let's say that this be actually was
Speaker 1: like the physical tears of your enemy. Matt who whose
Speaker 1: tears would you be drinking tonight? I'll do I I
Speaker 1: got a naswer for you. Is it possible for a
Speaker 1: bank to cry? Because I recently found out. I was
Speaker 1: talking to my mother in law, Kate's mom, and we
Speaker 1: were talking about banks for some reason, because she was
Speaker 1: talking to me, probably, and she was recounting the story
Speaker 1: how they switched to a local bank last year, a
Speaker 1: couple of years ago, because they'd had some issues, some
Speaker 1: fraud on their Wells Fargo accounts, specifically before I know
Speaker 1: and specifically UH fives had left their checking account and
Speaker 1: been transferred to a new account that they didn't open,
Speaker 1: but that was open in their name and the money
Speaker 1: was sitting there, and so they had gone in and
Speaker 1: wrath trying to figure out why this account had been opened,
Speaker 1: and the people were not helpful at all. She said,
Speaker 1: they just kind of we're looking at her. And it
Speaker 1: took them two or three hours in the middle of
Speaker 1: a work day that my father in law how to
Speaker 1: not be at work while they tried to figure this
Speaker 1: situation out. And I told her, you're you were a victim,
Speaker 1: Like that's why Wells Fargo was in the news and
Speaker 1: that's why they had gotten fined, was because they got
Speaker 1: caught opening all those fraudulent accounts in order to hit
Speaker 1: the quotas right. And so the branch managers were basically
Speaker 1: pressuring the that what the tellers to meet the quotas
Speaker 1: to to get the new accounts opened, and they all
Speaker 1: but said, open up fake accounts behind people's backs exactly
Speaker 1: because that's your job now. And I had no clue
Speaker 1: that they were one of the victims of that terrible
Speaker 1: behavior that that Wells Fargo is doing. So specifically, let's
Speaker 1: drink to you want to drink to well well Wells
Speaker 1: Fargo teers. We're gonna say these are the Tears of
Speaker 1: Wells Fargo of this beer from Monday Night, and maybe
Speaker 1: they'll come out with a you know, another different barrel
Speaker 1: aged version of this that's literally called Tears of Wells Fargo.
Speaker 1: Maybe i'd be awesome. All right, we'll see what we
Speaker 1: can do on that tears. Man. Before I sip at,
Speaker 1: I can smell that chocolate, vanilla chocolate. Definitely get the vanilla,
Speaker 1: the chocolate. The coffee is a little little reserved on
Speaker 1: this one. It's there in the back, but it's almost
Speaker 1: like a clove. It's almost got like this sort of
Speaker 1: warming like interspice to it. The coffee. It almost tastes
Speaker 1: like their cinnamon in there. Yeah, yeah, like cinnamon. I
Speaker 1: don't know if there is, but we taste like that.
Speaker 1: I dig it though It's not what I was expecting,
Speaker 1: but man, this is delicious. And I'm getting just like
Speaker 1: a touch of that p D Scotch, but not not
Speaker 1: a ton. It's like just kind of they're like underlaying everything.
Speaker 1: So I kind of don't like it as much maybe
Speaker 1: as the bourbon barrel aged version. But the you know me, man,
Speaker 1: I like I like my Scotch. So this is fantastic. Yeah,
Speaker 1: I think if anything like a little more time and
Speaker 1: some Scotch barrels, because I love like when Scotch comes
Speaker 1: through majorly in a beer, and and like we said,
Speaker 1: it so rarely happens that you get a Scotch barrel
Speaker 1: aged beer. So I get I think maybe leaving this
Speaker 1: beer in the Scotch barrels a little bit longer. We
Speaker 1: kind of do it well. But man, it's delicious and
Speaker 1: the base beer in particular is so good um on
Speaker 1: this one that I mean, there's just another home run
Speaker 1: for Monday night. I feel like, yeah, thank you guys
Speaker 1: for donating this beer. All right, Matt, let's start talking
Speaker 1: about creating a dope side hustle. Yeah, you wanna get
Speaker 1: into it, let's do it. So there are a couple
Speaker 1: of problems, Matt, that I think the side hustle actually
Speaker 1: really is the solution for. And the first problem is
Speaker 1: that people want to make more money. And in a
Speaker 1: time where we've seen wage growth stagnation, workers wanting to
Speaker 1: make more and they just can't seem to make enough
Speaker 1: to get ahead. You know, I think a side gig
Speaker 1: is one of those perfect solutions. For people in that boat. Yeah, man, absolutely,
Speaker 1: you know, unemployment rates are crazy lower right now, which
Speaker 1: is awesome, But over the past even decades, like the
Speaker 1: real wage growth has been pretty flat and it's been stagnant.
Speaker 1: And and yeah, like you said, folks aren't able to
Speaker 1: really get ahead, and side gigs are the answer. Yeah,
Speaker 1: And another problem is that a lot of people lack
Speaker 1: the necessary skills in order to get increased pay. So
Speaker 1: right now there's a skills gap, especially for some of
Speaker 1: the skills that the millennials are bringing in. The people
Speaker 1: in the in the workforce that are a little bit older,
Speaker 1: maybe they don't have some of those skills that they need.
Speaker 1: For instance, let's say video editing or writing, you know,
Speaker 1: some of these skills that are coming back in content
Speaker 1: creation that are important. A lot of older workers or
Speaker 1: middle aged workers, or even young workers that just are
Speaker 1: just not quite as a depth as some of the
Speaker 1: young millennial workers at at some of those ski els.
Speaker 1: And so a side gig can kind of help you
Speaker 1: figure out ways to increase your skills that are sorely
Speaker 1: lacking for you right now in today's job market. Yeah,
Speaker 1: and especially if you're looking to kind of take that
Speaker 1: side gig and replace your nine to five and sort
Speaker 1: of transforming your side gig into your main gig. I mean,
Speaker 1: you can't beat a side gig to act as sort
Speaker 1: of this financial bridge to kind of get you there. Um,
Speaker 1: you get to sort of try out the waters a
Speaker 1: little bit while you still have a full time gig.
Speaker 1: And it's a great way to sort of figure out
Speaker 1: a new profession, a new position, something that you may
Speaker 1: not be completely comfortable and willing to go in, you know,
Speaker 1: head first and quit your job. It's a good way
Speaker 1: to just transition to it. I think it's great. All right,
Speaker 1: So we know the problems and let's talk about the solutions.
Speaker 1: How a side hustle can actually go about serving you,
Speaker 1: helping you develop those skills, helping you get to that
Speaker 1: point where you're able to make more money. Uh. And
Speaker 1: so one of the things I want to mention is
Speaker 1: in our country, kind of in our culture, a lot
Speaker 1: of the wealth ultimately ends up flowing to owners and
Speaker 1: creators in our society, and so having a side hustle,
Speaker 1: it provides you with a lot of skills, but it
Speaker 1: also gives you this ownership of something and you become
Speaker 1: a creator in a way. With many of these side
Speaker 1: hustles that we're going to talk about. And that doesn't
Speaker 1: necessarily mean you're gonna start a business, you know, based
Speaker 1: on that side hustle next year, you know, but it
Speaker 1: gives you all these options. And there are a lot
Speaker 1: more options in our society for people that own a
Speaker 1: business or that creates something interesting and unique, and I
Speaker 1: just think that's a really good thing for people to
Speaker 1: aim for. Yeah, man, that's right. I mean, and just
Speaker 1: like you said, like it doesn't necessarily mean that someone's
Speaker 1: going to become like a business owner, but it gives
Speaker 1: you that option, right, Like you said, we're gonna cover
Speaker 1: some some side gigs, some side hustles that for some folks,
Speaker 1: they don't want to pursue being a business owner, you know,
Speaker 1: a small business owner, or have that become their sort
Speaker 1: of full time job. You know, they might just be
Speaker 1: wanting to make some extra bucks. You know, say they
Speaker 1: got an accident and they're just like, well, I want
Speaker 1: to fix my car and I don't have the cash
Speaker 1: on hand. Where I was just actually thinking about this,
Speaker 1: we're talking about phones earlier, my phone still busted. I
Speaker 1: don't have the money that aside for getting a new one.
Speaker 1: So I'm just kind of limping along and little chunks
Speaker 1: of glass are falling out on my screen. And eventually, though,
Speaker 1: I'm gonna have to sit aside enough money to get that.
Speaker 1: You know, if you have a side gig, that's a
Speaker 1: good way to sort of supplement some of those maybe
Speaker 1: some of those unforeseen things that you thought might come
Speaker 1: a year later. I thought I might replace my phone,
Speaker 1: but in fact it's here now. But we're gonna cover
Speaker 1: I guess more of those details, the difference between one
Speaker 1: that you could sort of pursue as a long term
Speaker 1: business and a long term goal that you want to pursue,
Speaker 1: versus one that is more sort of like a current
Speaker 1: money maker. But yeah, so some pros man side hustles autonomy.
Speaker 1: You have flexibility and a lot of times you get
Speaker 1: to enjoy what you do when you have a side hustle,
Speaker 1: you know, like you don't necessarily go and try to
Speaker 1: pursue something that you don't really enjoy doing. For a
Speaker 1: lot of people, that's the nine to five, So why
Speaker 1: would they also do that on the side. Yeah, and
Speaker 1: something that you don't enjoy doing would kind of be
Speaker 1: more like a second job. Right in my and I
Speaker 1: think that's kind of the distinction that we want to
Speaker 1: make because you know, side hustle become this popular term,
Speaker 1: you know, over the last you know, a decade or
Speaker 1: five years or whatever it is, and there's a kind
Speaker 1: of some backlash to this term because some people say,
Speaker 1: what a side hustle, that's just a second job, right,
Speaker 1: And ultimately, I think Matt and I would say, there's
Speaker 1: something different in the distinction between getting a second job
Speaker 1: to make more income, right to cover basic needs, or
Speaker 1: to let's say you have a goal in mind to
Speaker 1: pay down debt in twelve months or eighteen months or
Speaker 1: something like that, getting a second job to make more
Speaker 1: money to pay for that goal. That's a great idea,
Speaker 1: that's completely fine. But a side hustle to me, I
Speaker 1: think to us, it means a lot more than just
Speaker 1: that just to make some money. You're working for the man,
Speaker 1: driving for lift, whatever it is, you know, in order
Speaker 1: to cruise some additional funds to pay down something. A
Speaker 1: side hustle is exercising some of the unique talents that
Speaker 1: you have, or exploring something that you're interested in right
Speaker 1: now that could build on itself and turn into something
Speaker 1: more important for you. You know, in the long term.
Speaker 1: So so I think that's the big distinction we want
Speaker 1: to make that first second job in the side hustle
Speaker 1: exactly a versus just say, kind of going in and
Speaker 1: sort of punching the clock and sort of being a cog.
Speaker 1: A second job can sort of be like that. You're
Speaker 1: just not giving it much thought. It's not something you're
Speaker 1: you're mentally or emotionally pursuing. You're you're showing up, You're
Speaker 1: doing the deed, uh, and you're getting paid and you know,
Speaker 1: and like you said, that's great if you're trying to
Speaker 1: pay off some debt, especially if you're trying to pay
Speaker 1: off some debt, or if you have a short term
Speaker 1: financial goal that you're trying trying to to achieve, if
Speaker 1: it's something sort of long term, man, there's better ways
Speaker 1: to approach a side gig in a side hustle, And
Speaker 1: that's what we're gonna talk about. Yeah, and another pro
Speaker 1: is that you know, by having a side hustle like this,
Speaker 1: you can diversify your your income. It's becoming more and
Speaker 1: more rare that somebody just has a single source of income.
Speaker 1: They just get their their check every two weeks. They've
Speaker 1: only got one employer and they've had the employer for
Speaker 1: ten twenty years. That's just not the way things are
Speaker 1: going in this in our current labor market. I know,
Speaker 1: our peers aren't only changing actual jobs every few years.
Speaker 1: They're even considering changing careers every you know, every several years.
Speaker 1: And so our current generation isn't really subscribing to the
Speaker 1: model of sticking with an employer and writing that out
Speaker 1: in the same way that they're not only counting on
Speaker 1: that one employer for their full income. Yes, so it's
Speaker 1: really nice to be able to have like a little
Speaker 1: bit of side income right when you are considering changing jobs,
Speaker 1: when you're maybe ready to jump ship to another employer
Speaker 1: or to another industry altogether, it's kind of nice to
Speaker 1: have some supplemental income from something you do on the side,
Speaker 1: and a side hustle can definitely pay off in that regard.
Speaker 1: Some of the cons though of a side hustle, if
Speaker 1: it's your only thing, right, it can be an unpredictable income.
Speaker 1: Depending on you know what phase where you're at in
Speaker 1: the development of your side hustle, you might be making nothing.
Speaker 1: You might actually be spending a little bit bit of
Speaker 1: money in the beginning in order to kind of get
Speaker 1: that thing up and running. Man, you might be in
Speaker 1: the red, that's right. So it also doesn't have benefits
Speaker 1: like retirement contribution matching in health insurance that you get
Speaker 1: from a traditional employer. Side hustles can also take up
Speaker 1: some time with family and friends, and that can be
Speaker 1: difficult when you're trying to get started and you're still working.
Speaker 1: You're on role forty plus hour a week job, right,
Speaker 1: but you're trying to get this side side hustle started. Well,
Speaker 1: if you've got kids and family and stuff like that,
Speaker 1: it can really kind of take away from the time
Speaker 1: you're able to spend there. So you have to really
Speaker 1: be thoughtful about how you're doing it, how you're going
Speaker 1: about it, and what you're taking away from in your
Speaker 1: normal life. Because, like Matt and I talked about, we
Speaker 1: want you to live a rich to life now, like
Speaker 1: life is not all about work. And so if you
Speaker 1: are working your day job and then maximizing your time
Speaker 1: at night to to make this side hustle happen, well,
Speaker 1: that might be okay if you're young and you don't
Speaker 1: have a family, but but if you're missing out on
Speaker 1: obligations that are really important and meaningful to you and
Speaker 1: why you're doing it. That could lead to some real
Speaker 1: hardships and and a lot of resentment of that side hustle. Dude,
Speaker 1: you know what the solution is, just to start a
Speaker 1: side hustle with your best friend. Yeah, so I gotta
Speaker 1: I gotta figure that out. Who would you do it with?
Speaker 1: Then let's let's little wonder But for real, I mean,
Speaker 1: that's one of the things that we are enjoying with
Speaker 1: doing this podcast. We're getting a little meta here, but
Speaker 1: being able to have somebody that we can kind to
Speaker 1: bounce ideas off of and enjoy a beer while we
Speaker 1: talk about money, you know, our favorite things, makes it
Speaker 1: all that much better. So I completely agree. I would
Speaker 1: I would tell people to do something like a side
Speaker 1: hustle is the perfect thing to do with your best
Speaker 1: friend if you have a similar interest. You guys might
Speaker 1: both see a need in the market somewhere or something
Speaker 1: that you're both into at the same time. You can
Speaker 1: kind of pursue that interest in a way. Whatever your
Speaker 1: interest is together, or your wife or your husband, whatever
Speaker 1: that interest is that you share in common. It's kind
Speaker 1: of fun. Even if it fails right and doesn't make
Speaker 1: you any money. It's fun and you learn something and
Speaker 1: hopefully you have fun together with that person while you're
Speaker 1: doing it. We're having a terrible tie right now, but
Speaker 1: you know, I still think it's a good idea that
Speaker 1: we do this. It's terrible, I'm joking. Obviously, do you
Speaker 1: think you can start a business with Emily? I mean,
Speaker 1: obviously you guys work well as a family team, you know,
Speaker 1: but yeah, as far as business, do you think you
Speaker 1: guys kind of complement each other pretty well from a
Speaker 1: business standpoint, you know, we kind of do. I feel
Speaker 1: like with the rental income, and she is actually the
Speaker 1: perfect balance to me when it comes to that because
Speaker 1: with with the rental homes, because I am kind of
Speaker 1: better at responding to the tenants, getting out there and
Speaker 1: and fixing what needs to be fixed and talking to
Speaker 1: potential contractors. And she's perfect at making the deposits at
Speaker 1: the bank exactly, running the books, all that kind of stuff.
Speaker 1: I just kind of center the documentation, and she keeps
Speaker 1: the spreadsheets. I wouldn't know how to keep a spreadsheet
Speaker 1: or make a spreadsheet to save my life, so so
Speaker 1: she does that for us. So we kind of already
Speaker 1: have that side gig to working together. Another suggestion is
Speaker 1: don't see or view your side hustle specifically only as
Speaker 1: a second job, but instead look at it as a
Speaker 1: business and then actually treat it like a business. It's
Speaker 1: not sort of like this hobby, and it's not this
Speaker 1: thing that you're just kind of checking into, like think
Speaker 1: of it. Go into it with the mindset that this
Speaker 1: is whatever it is that you're doing. You knows, say
Speaker 1: you're just cutting lawns, this is your law company. Don't
Speaker 1: don't see it as just a way to kind of
Speaker 1: make a buck. If you go into it with the
Speaker 1: mindset of I'm a business owner, now how can I
Speaker 1: grow my business? Certainly you'll and more ownership in it.
Speaker 1: You'll you'll be more creative, and you'll work harder, and
Speaker 1: I think in the end you also just do a
Speaker 1: better job at whatever it is that you're doing. Yeah,
Speaker 1: So try to get into something that is potentially scalable
Speaker 1: and the business that you could own, and the cool
Speaker 1: thing is building that business will teach you a lot
Speaker 1: and we'll give you more ownership. Right if you're treating
Speaker 1: it like a business as opposed to treating it like
Speaker 1: a way to make a few extra dollars. So if
Speaker 1: you go drive for Uber left to you know, make
Speaker 1: some extra bucks, like we talked about, to pay down
Speaker 1: a debt. That's totally cool to get a second job
Speaker 1: to do something like that, but it's not the same
Speaker 1: as creating a side gig where you are using your
Speaker 1: talents or something that you're interested in to actually build
Speaker 1: something for the long term. And so Matt a mutual
Speaker 1: friend of ours, Gary, he has an awesome example of
Speaker 1: creating a side gig that turned into his full time job. Yeah.
Speaker 1: So Gary started walking dogs and random straight dogs, right, yeah,
Speaker 1: just you you'd see dog and said you need to walk.
Speaker 1: But he started walking dogs and started creating a business
Speaker 1: like neighborhood dog walking, right, and anybody who they're work
Speaker 1: and they can't walk their dog during the lunch break,
Speaker 1: or people that were out of town, right exactly, and
Speaker 1: it will it expanded to that, And so folks were
Speaker 1: out of town and he would meet up and he
Speaker 1: would figure out exactly how they did things. You know,
Speaker 1: I've used them multiple times and it turned into a
Speaker 1: full fledged business man. Him and his wife originally were
Speaker 1: the old ones that were walking, but then it expanded
Speaker 1: to having multiple employees, and to be honest, I haven't
Speaker 1: talked him in a minute, but I don't know if
Speaker 1: he even walks any dogs anymore. He just handles the
Speaker 1: business and has employees on board. They're freaking crushing it.
Speaker 1: They're doing an awesome job in Atlanta. Woa Doggie is
Speaker 1: the name of his company. And that's the perfect example
Speaker 1: of something that could be seen, certainly right as just
Speaker 1: showing up. I'm just gonna do this, make a buck,
Speaker 1: and I'm gonna be done with it. I don't really
Speaker 1: care about the dog, don't really care about the clients.
Speaker 1: I guess the clients are the dogs. No, they're not
Speaker 1: paying that, they're not paying the fee. So, but he
Speaker 1: took it a step further. You know, he went into
Speaker 1: it with that mentality of like, I could do this,
Speaker 1: How can I take this to the next level? How
Speaker 1: can I turn this into an actual business? And so
Speaker 1: he treated it like a legitimate business. And when he
Speaker 1: started treating it like an actual business and responding to
Speaker 1: people's texts and calls and emails in a timely fashion
Speaker 1: and started doing an awesome job, well, the word got
Speaker 1: around him. Before you know it, everybody in the city
Speaker 1: wants him or wants his company to walk their dogs.
Speaker 1: I love that example though, because oftentimes you hear walking
Speaker 1: dogs is something that a middle schooler can do. Literally,
Speaker 1: we've had middle schooler show upon our at our at
Speaker 1: our door, knocking, just asking. It's like, do you have
Speaker 1: a dog to walk? I'm like, no, you're not gonna
Speaker 1: just like show up and like walk my dog. I
Speaker 1: don't know you. I don't Seriously, I don't know these kids,
Speaker 1: but they do it, and I kind of like that
Speaker 1: they got gumption, right. But I say that because it's
Speaker 1: something that anybody can do, but it's not everybody will
Speaker 1: take it to the next level and treat it like
Speaker 1: an actual business. Gary has and he's reaping the rewards
Speaker 1: from it. Yeah. I think that's a great example. So
Speaker 1: Gary built something right where he saw a need and
Speaker 1: he saw a place like where he could kind of
Speaker 1: fill that need, and he started off slow, but then
Speaker 1: turn it into something that became ultimately his full time profession.
Speaker 1: And then he's backed away from and other people are
Speaker 1: walking the dogs now, and I think that's so cool.
Speaker 1: Another thing I want to mention, Matt, so look at
Speaker 1: your side hustle to develop skills and potential resume material.
Speaker 1: So in the current world in which we work, some
Speaker 1: of those side gigs that you're doing, whether it's creating
Speaker 1: a podcast, writing a blog, developing those writing skills, taking
Speaker 1: photos and creating like a photo blog, you know, whatever
Speaker 1: it is, those sorts of skills can be so useful
Speaker 1: in our day and age, to a business, to the
Speaker 1: place where you currently work. And so I'll just kind
Speaker 1: of talk about something that I did for a little bit.
Speaker 1: I started a blog like six years ago, and it
Speaker 1: was just to kind of get my thoughts out about
Speaker 1: money and finance and how I handle money and how
Speaker 1: I live life. And it really helped my writing skills.
Speaker 1: But in the same time, I learned a lot about
Speaker 1: search engine optimization, which then became helpful to my employer.
Speaker 1: And I learned a lot about starting a WordPress website,
Speaker 1: which also became helpful to my employer. So I wasn't
Speaker 1: doing something that was detracting from my day job. I
Speaker 1: was learning a lot of things. The writing skills, search
Speaker 1: engine optimization, WordPress website development. I learned about all those things,
Speaker 1: and then those those things that I then had a
Speaker 1: lot of knowledge about, I was able to translate into
Speaker 1: helping my employer asked for a new position, which came
Speaker 1: with more money, and so it was basically because of
Speaker 1: that side hustle, I learned a lot in self development,
Speaker 1: but I also learned a lot that was able to
Speaker 1: help me at my day job. Yeah. Man, that's awesome.
Speaker 1: I love that. Yeah, and it makes me think of
Speaker 1: back when I used to work for the advertising agency
Speaker 1: I used to work for. Nobody knew how to do video,
Speaker 1: and my boss kind of came to me and say, hey,
Speaker 1: do you know how to sort of set up multiple
Speaker 1: cameras and sort of put together an interview? And no
Speaker 1: was the answer here, But I said I could figure
Speaker 1: it out though, and I needed after watching some tutorials
Speaker 1: online and setting things up. That was something that our
Speaker 1: agency was able to offer a because I felt equipped
Speaker 1: and sort of empowered by my boss. But then it was, yeah,
Speaker 1: something I learned on my own. It was something I
Speaker 1: was able to bring to the table to the agency
Speaker 1: and something that I still can sort of put to
Speaker 1: use now I haven't, but yeah, it's sort of something
Speaker 1: a little skill I got in my back pocket, you know. Yeah,
Speaker 1: it's really cool to think when your employer comes and
Speaker 1: ask you, hey, do you know how to do this
Speaker 1: or do you know someone that knows how to do it?
Speaker 1: Developing ing, Yeah, like take a huge opportunity. Think of
Speaker 1: that as an opportunity, not as like, oh, that's not
Speaker 1: my thing. But if you can take that as an
Speaker 1: opportunity to learn a new skill and provide something for
Speaker 1: your employer, you're developing yourself at the same time, and
Speaker 1: you're making yourself more invaluable, which can oftentimes lead to
Speaker 1: another position or more pay in the job that you're
Speaker 1: currently at, which is awesome. I love that awesome. We're
Speaker 1: gonna talk about some specific examples of some side hustles
Speaker 1: and side gigs that you can do, but first we're
Speaker 1: gonna take a quick break alright, mat back to the
Speaker 1: topic at hand and creating a dope side hustle. And
Speaker 1: we said before the break that we're going to give examples,
Speaker 1: so let's do that. There are some easy things you
Speaker 1: can do, right, You mentioned lawnmowing at one point, pressure washing.
Speaker 1: There are all these like little things that you can do.
Speaker 1: You can learn a quick skill and build a business
Speaker 1: surrounding that one skill. Yes, pressure washing specifically, I remember
Speaker 1: you've mentioned that before, and that's something that you did
Speaker 1: back in the day, right, So it was something I did,
Speaker 1: but that was actually for me the way I classified things,
Speaker 1: that was the second job. So you were just punching
Speaker 1: the clock earning a buck, yeah exactly. So that was
Speaker 1: like an hourly wage or a per house that I
Speaker 1: got the pressure wash like, I made a flat fee
Speaker 1: whatever it was. But what if you had purchased your
Speaker 1: own pressure washer. That was the thing too. Yeah I
Speaker 1: thought about that at some point, but ultimately that wasn't
Speaker 1: what I wanted to do. I wasn't passionate about it.
Speaker 1: I didn't care. Yeah, I think pressure washing sucks. Yeah,
Speaker 1: it sucks. I didn't enjoy it. For me, it was
Speaker 1: everything everything. Yeah, for me, it was literally just a
Speaker 1: second job. I wanted to work in radio, and so
Speaker 1: I had to do something you know before before radio
Speaker 1: every day so I could actually make ends meet, And
Speaker 1: so pressure Washington was in. It was like the highest
Speaker 1: wage I can make at that point in my life.
Speaker 1: And so I did it for a year, um, while
Speaker 1: I was working in the job that I really loved.
Speaker 1: But that is a perfect example, right that I could
Speaker 1: have done this and learned the skill and then translated
Speaker 1: it into my own business. So I think there's value
Speaker 1: to learning a specific skill while working for someone else
Speaker 1: and then kind of translating that into your own business. Yeah,
Speaker 1: and what's so great about those examples to like even
Speaker 1: clean this one's house, Like, these are things that anybody
Speaker 1: can do. It doesn't take a specialized skill, It doesn't
Speaker 1: require really any special equipment, I guess except for a
Speaker 1: pressure washing machine. You can even show up with a
Speaker 1: sponge and a bucket from lows or maybe when you
Speaker 1: find on the side of the road with some dish
Speaker 1: soap and start showing up in houses and washing cars.
Speaker 1: You don't even have to bring your own water. You
Speaker 1: just use their hose and there are all your expenses.
Speaker 1: To me, that doesn't require anything. And you really could
Speaker 1: create your own business surrounding that model, start hiring other
Speaker 1: people to do it. Granted, these are very very simple
Speaker 1: sort of models, but it's as easy or it can
Speaker 1: be as easy as that, and they can scale these
Speaker 1: these businesses exactly. So you can take this car washing
Speaker 1: business if you have an entrepreneurial mindset, and you can
Speaker 1: go gung hole on this business and ultimately you can
Speaker 1: turn it into your full time gig by hiring other
Speaker 1: people out and scaling it, and all it really takes
Speaker 1: is learning how to do something well and then work
Speaker 1: in your butt off and finding the customer right. And
Speaker 1: so you can do that with kind of these basic things.
Speaker 1: So one thing we wanted to mention to be wary
Speaker 1: of some of these app and platform based gigs, right
Speaker 1: like Lift and Uber, like those bird scooters, Amazon Flex.
Speaker 1: These are still gigs that require you to be a
Speaker 1: cog in that big machine, working for the man, right,
Speaker 1: and it doesn't lead to anything bigger. There's no potential
Speaker 1: job independence when you work in this way, it's not
Speaker 1: really sustainable. These might be fine as a second job, right,
Speaker 1: like we talked about, but they're not really what we're
Speaker 1: talking about when it comes to a side hustle. We're
Speaker 1: trying to talk about something that scales, or finding a
Speaker 1: passion that you have or something that you are really
Speaker 1: good at and want to develop on the side. That's
Speaker 1: the kind of side hustle that we're talking about, not
Speaker 1: just working more hours at another job to make a buck. Yeah. Man,
Speaker 1: A lot of those sort of apps and jobs are
Speaker 1: considered part of the sharing economy and the gig economy.
Speaker 1: They're there are things that you just sort of show
Speaker 1: up to. It doesn't require much thought. People like them
Speaker 1: because they're easy. And again we talked about this earlier.
Speaker 1: But if you just want to make a buck, then
Speaker 1: sure that's something that you can you can sign up for.
Speaker 1: You can start catching birds, charging, charging the scooters at
Speaker 1: your house. It's an easy way to do something. It
Speaker 1: requires very little commitment, it requires very little brain space
Speaker 1: and creativity that does serve a purpose. You know that
Speaker 1: that there's a spot for that for folks that are
Speaker 1: just thinking, you know what, I'm not looking to create
Speaker 1: something completely new. I don't have the mental capacity or
Speaker 1: the bandwidth for that right now. That's maybe the only
Speaker 1: time that that sort of job might be good for
Speaker 1: those folks. When I hear folks that say, oh, I
Speaker 1: want to be a full time I want to be
Speaker 1: a career lift driver, that's not what you want to do,
Speaker 1: trust me, because eventually robots are gonna be driving those cars.
Speaker 1: Or even as an individual, even though you might have
Speaker 1: a fantastic uber driver's score, you're still beholden to that company.
Speaker 1: And if they start saying, oh, well, you're gonna start
Speaker 1: making this much less every day, I don't. I don't
Speaker 1: even know how they get paid, but whatever the percentages,
Speaker 1: say Uber wants to start taking a bigger cut, they
Speaker 1: can't say anything. There's no union, there's no agreement that
Speaker 1: says that you can negotiate. Like Joel said, you're just
Speaker 1: a small cog in this sort of giant machine and
Speaker 1: there's not a whole lot that you can do. That
Speaker 1: being said, there's side hustles and side gigs that are
Speaker 1: app based or you know, platform based that could lead
Speaker 1: to something bigger. These are sites like Etsy or wags Wags,
Speaker 1: a dog walking service, and you might think, well, no,
Speaker 1: that's not going to lead to something longer. But if
Speaker 1: you know, if you can try out dog walking through
Speaker 1: this app and then think, wait a minute, this is
Speaker 1: something I kind of want to do. I really love animals,
Speaker 1: I love getting exercise, I love being outside. Well, shoot,
Speaker 1: why not? You can start your own business. And that's
Speaker 1: a great way to say, try out a new sort
Speaker 1: of PSI a gig, and the same thing with task
Speaker 1: grab it and you to me. These are sort of
Speaker 1: frameworks that you can get involved with. Right you can
Speaker 1: become a task grab it guy where you're maybe really
Speaker 1: handy and you're really good hanging up picture frames or something,
Speaker 1: or you're a teacher and you want to put an
Speaker 1: online course out there through the site. You to me, well,
Speaker 1: you can try that out, and if that goes really well,
Speaker 1: and you know you might want to your own individual thing, well,
Speaker 1: you you feel empowered and you feel prepared maybe to
Speaker 1: have sort of gotten through that initial phase of is
Speaker 1: this going to be something I'm going to enjoy? And
Speaker 1: then at that point, all right, time to think of
Speaker 1: a name. What am I gonna call this dog walking service?
Speaker 1: All right, I'm gonna post online courses on how to program?
Speaker 1: What am I going to call it? That's when you
Speaker 1: start getting to that sort of creative energy and and
Speaker 1: that's when it can lead to something bigger beyond just
Speaker 1: that specific job. And that's what Yeah, that's what we
Speaker 1: love so much. Yeah, it can take on your personality
Speaker 1: and the things that you know you care about, and
Speaker 1: so your customer gets to know you. It's not then
Speaker 1: this generic service that they're booking something through their booking you, right,
Speaker 1: and your ideas and your energy. And that's really cool
Speaker 1: about what you can do with a side hustle. And
Speaker 1: so also if you have a specialized skill, you can
Speaker 1: freelance with that skill. Right, consider a site like upwork.
Speaker 1: It's great for digital gigs where all you need is
Speaker 1: a laptop like website development, design or writing. So if
Speaker 1: you have a specialized knowledge, a great side hustle for
Speaker 1: you is to write about it or use it in
Speaker 1: service of other companies through a site like up work.
Speaker 1: That's right, man. And another option is to dream up
Speaker 1: your own side hustle. It doesn't have to be something
Speaker 1: that already exists, or where there's like an existing platform
Speaker 1: for walking dogs. You can decide, oh, I'm gonna start
Speaker 1: my own composting company. I saw that recently driving up
Speaker 1: the street, this big old truck, and I don't exactly
Speaker 1: know how it works, but it said something about composting,
Speaker 1: and I've never heard of that before. You know, this
Speaker 1: is a brand new industry, and evidently it seems that
Speaker 1: people are wanting it. I don't exactly again, I don't
Speaker 1: know how it works. Maybe i'll look it up, but yeah,
Speaker 1: think of something that appeals to you. You know, this
Speaker 1: might be the hardest option out there, but it could
Speaker 1: potentially be the most rewarding, both financially and emotionally. Um,
Speaker 1: you can find it super fulfilling, and so you know,
Speaker 1: things like starting a podcast. This isn't like the easiest
Speaker 1: thing to do, and we're not making money yet, but
Speaker 1: hopefully maybe someday we will. And the same thing though
Speaker 1: with airbnb and house hacking. It takes a lot of
Speaker 1: money to get that first house where you put down
Speaker 1: and you're gonna consider renting out one of the rooms
Speaker 1: on Airbnb, but that could be something that could really
Speaker 1: pay off in the long run. The same thing with blogging, right, So,
Speaker 1: I mean, so you started that blog a while back,
Speaker 1: did you immediately start seeing were you raking the money in? No?
Speaker 1: And actually, that's the thing too about blogging is it
Speaker 1: takes years to really make any money from it. Uh.
Speaker 1: And We've got a friend right now that just started
Speaker 1: a blog and it's awesome. I really like what he's doing,
Speaker 1: but I just kind of told him up front, Hey,
Speaker 1: it's gonna be a while until you make any money
Speaker 1: off of this. So his blog is called you Can Man.
Speaker 1: He's a photographer. He takes great pictures, and he's like
Speaker 1: super handy, so he wants to help people figure out
Speaker 1: how they can do some d I y projects around
Speaker 1: their own house. So yeah, I love his site and
Speaker 1: I love kind of what blogs can be. But the
Speaker 1: thing is it's gonna be great for your skill development
Speaker 1: and then only in the long term will it potentially
Speaker 1: actually make you money. And it's gonna take a lot
Speaker 1: of dedication for those first couple of years before you
Speaker 1: kind of start seeing the fruit of your labors. So
Speaker 1: that's why I think side gigs are something that you
Speaker 1: actually probably need to think about long and hard before
Speaker 1: you jump in, because it might be something that's gonna
Speaker 1: be a labor of love for a long time before
Speaker 1: you actually start, you know, making it into a more
Speaker 1: of a potential full time thing. Yeah. Man, I think
Speaker 1: that is some great advice. Next, we're gonna talk about
Speaker 1: some practical tips and pointers, but first let's take a
Speaker 1: quick break. Okay, Joel, we're back now and we're gonna
Speaker 1: talk about what to do next. So here is how
Speaker 1: to find the right side gig for you. Uh. The
Speaker 1: first thing you're gonna want to do is get inspiration
Speaker 1: from the things that you love. This might take some
Speaker 1: brainstorm and hopefully it's fairly obvious to you, but it
Speaker 1: may not be. But think about what you have a
Speaker 1: passion for right figure out a way to create some income,
Speaker 1: figure out how to generate income and how to create
Speaker 1: value out of something that you love to do. Uh.
Speaker 1: For for those who want to pay for that, that
Speaker 1: is going to be one of the easiest ways to
Speaker 1: kind of constantly push yourself to do it because it's
Speaker 1: something that you already love to do. Hopefully it doesn't
Speaker 1: sort of smother the fire and smother that passion that
Speaker 1: you have. But as long as you're having fun with it, man,
Speaker 1: I think that's the perfect way to kind of blend
Speaker 1: your natural talents with also a way to make some income. Alright,
Speaker 1: So another thing, get vision from what you already do.
Speaker 1: If you're a teacher, don't try and be a mechanic
Speaker 1: unless that's randomly your passion on the side and you love,
Speaker 1: you know, fixing your friends cars on Saturdays and Sundays. Instead,
Speaker 1: think about maybe writing and putting that expertise to use.
Speaker 1: You know, my father in law was talking about starting
Speaker 1: a podcast because he teaches psychology, ap psychology and high
Speaker 1: school and so yeah, I think that'd be so interesting.
Speaker 1: People would love to hear his thoughts on what he's teaching.
Speaker 1: That's awesome, and people love to use Podcasting is another
Speaker 1: way to learn. So think about that instead, look to
Speaker 1: your unique experiences, skills, and knowledge that could naturally align
Speaker 1: with the way that you're seeing people make money out
Speaker 1: there in the world. You know what this makes me
Speaker 1: think of as the episode You've got to invest in
Speaker 1: what you know competencies exactly. Yeah, find your core competencies, right,
Speaker 1: like we talked about that was that was the that
Speaker 1: was the key word competencease. Yes, So just like we
Speaker 1: talked about in that episode, use those competencies that you
Speaker 1: have developed well over the years and find a way
Speaker 1: to make some income on the side. Thirdly, you want
Speaker 1: to look for an opportunity in a market where you
Speaker 1: could provide a service or product that doesn't yet exist.
Speaker 1: I think a lot of times opportunists or something it
Speaker 1: gets a bad rap right where someone's like, oh, you're
Speaker 1: taking advantage of a situation, or oh, you're just an opportunist.
Speaker 1: I don't know if that should be the case, because essentially,
Speaker 1: what you're seeing is a need. You're seeing somewhere in
Speaker 1: a market where that's something can be provided where there's
Speaker 1: not currently a good product. Right. So specifically, I'm thinking of,
Speaker 1: you know, over ten years ago, when Kate and I
Speaker 1: started our wedding photography company. We were looking for a
Speaker 1: specific type of photographer when we were getting married, and
Speaker 1: we just weren't seeing it. We weren't seeing we couldn't
Speaker 1: find an affordable photographer who was approaching wedding photography with
Speaker 1: a photojournalistic approach. And we saw what we saw a
Speaker 1: need and so we thought, you know what, this is
Speaker 1: something that we could do. Literally, we could do it.
Speaker 1: We know we could take pictures. Kate, now, we're both
Speaker 1: uh enjoyed photography, and so we just tried it out.
Speaker 1: And for us, it was a side gig that quickly
Speaker 1: became our main gig. It's something we did, you know,
Speaker 1: all nights and weekends for a few months, but before
Speaker 1: we know it, man, it took off and it was
Speaker 1: something that we were able to pursue. And it's been
Speaker 1: my full time job now for ten years. And that
Speaker 1: was only something I was able to do because we
Speaker 1: were able to see that there is a need. We
Speaker 1: were able to see that there is an opportunity, and we,
Speaker 1: you know, we jumped on it. We pounced. Yes, So
Speaker 1: you've gotta be willing to pounce when you see that need.
Speaker 1: And the other thing, don't be afraid to just try
Speaker 1: it out. Don't worry about the possibility of failing. You're
Speaker 1: going to fail on this small scale and you'll learn
Speaker 1: a lot about failing on a small scale and sometimes
Speaker 1: doing it wrong the first time can be that best
Speaker 1: way to learn. You might not realize that you enjoy
Speaker 1: writing until you do it, and starting small can allow
Speaker 1: any of the mistakes that you make to also be small.
Speaker 1: It doesn't matter if you make a mistake in your
Speaker 1: side hustle, right, because ultimately it's about learning. It's about
Speaker 1: putting your skills to the test, and it's about kind
Speaker 1: of finding that thing that you truly are passionate about
Speaker 1: that you can all really grow into something bigger over time.
Speaker 1: All right, man, let's uh, let's get back to this beer.
Speaker 1: So Tears of My Enemies. So you mentioned that we
Speaker 1: saw we ran across a friend who was over at
Speaker 1: a brewery. This is we're actually at Monday night over
Speaker 1: on the West Side. We're at the Monday Night garage
Speaker 1: and that's where we saw Stephen with his uh with
Speaker 1: his uber hipster flip phone, hundred dollar flip phone. Sorry Stephen,
Speaker 1: frugal fail. Yeah, but tears of my enemies, man, this
Speaker 1: was delicious. It's an Imperial milk stout aged in Scotch
Speaker 1: barrels with chocolate coffee in vanilla. Uh and that was awesome.
Speaker 1: I'm done with mine. It was really tasty. Oh you
Speaker 1: beat me to it. That's why I roll guzzling those milkstouts.
Speaker 1: And thanks again with the fellows at Monday night for
Speaker 1: providing this beer. All right, man, let's give our quick
Speaker 1: final thoughts. So again, I just want to reiterate the
Speaker 1: difference between the side hustle and the second job, and
Speaker 1: I think it's really important. If you're thinking about starting
Speaker 1: a dope side hustle, you don't want to be thinking
Speaker 1: of it as the second job where you're going somewhere
Speaker 1: to work to make a little bit of extra money
Speaker 1: to pay for your lifestyle or to try to reach
Speaker 1: your financial goals sooner, right. You want to think about
Speaker 1: a side hustle as either developing skills for your resume
Speaker 1: at your current employer that you are interested in learning,
Speaker 1: or to help you create a new income stream that
Speaker 1: can ultimately lead to becoming a full time gig for you,
Speaker 1: or at least something that's a fun money maker on
Speaker 1: the side. Yeah, man, that's right. So a good side
Speaker 1: gig can be, like you said, anything that you're having
Speaker 1: fun with that you are making a buck. But like
Speaker 1: you said, a better side gig, a better side hustle
Speaker 1: is something that's scalable. And what we mean by that
Speaker 1: is that it doesn't require you necessarily to be there
Speaker 1: in order to make that money. Right, and so if
Speaker 1: you're driving for Uber or Lift, or if you're slinging
Speaker 1: packages with Amazon flex, uh, these are things that require
Speaker 1: you to be there and you're beholding to that specific company.
Speaker 1: What you want to consider our some jobs, some side
Speaker 1: hustles where you can sort of run with it, and
Speaker 1: ultimately something where you don't necessarily have to be there.
Speaker 1: What would be ideal is if you had to a
Speaker 1: job like like we talked about with Gary, is something
Speaker 1: that he started, He kind of figured it out, he
Speaker 1: laid the groundwork for it, and now he's got employees.
Speaker 1: He's got great folks that have come on board, and
Speaker 1: now they're the ones that are walking the pets and
Speaker 1: and he I think he still handles a lot of
Speaker 1: the business aspects of it, but he's able to pursue
Speaker 1: other things that he enjoys now like partying in Cabo
Speaker 1: because he makes that whoa doggy money. Now he actually
Speaker 1: is getting into a photography he I mean, he does
Speaker 1: amazing architectural photography now, which is super cool. And yeah,
Speaker 1: and that's probably another like side gig that he's interested
Speaker 1: in exactly exactly. It takes me back to my roots.
Speaker 1: Maybe he's gonna expand it beyond what I've even done,
Speaker 1: and he's gonna have a whole stable of photographers that
Speaker 1: shoots for him. So yeah, that's a great way to
Speaker 1: think about it. You want to pursue side gigs that
Speaker 1: are something that might lead to something bigger that can
Speaker 1: lead to employment independence and ultimately financial independence. You know,
Speaker 1: a reason that we talked about this is because we
Speaker 1: want you guys to have options and these are things
Speaker 1: that we're pursuing. And so try to avoid pigeonholing yourself
Speaker 1: in a sort of a dead end job that always
Speaker 1: requires you to be the one making the money. Yeah,
Speaker 1: and another thing, as side hustle can take a little
Speaker 1: bit of time to figure out, right, it takes some
Speaker 1: trial and error, it takes a little bit of failure. Ultimately,
Speaker 1: you have to be okay with with a certain amount
Speaker 1: of failure and you'll actually learn through your failures, and
Speaker 1: you also have to be okay with it taking a
Speaker 1: little more time, and you also have to be okay
Speaker 1: not seeing the results for a little while, because the
Speaker 1: side gig can take some time to actually bring in
Speaker 1: those profits to actually feel like it's paying dividends. So
Speaker 1: that's why it has to be something that you care
Speaker 1: about that interests you, because a dope side hustle isn't
Speaker 1: necessarily going to start bringing in the bucks right away. Yeah, man, exactly.
Speaker 1: We're talking about creating a dope side hustle and Matt,
Speaker 1: this is our side hustle. That's right, man. We are
Speaker 1: having a blast doing this podcast. And guess what, we've
Speaker 1: hit over a hundred reviews on Apple Podcasts. So if
Speaker 1: you have enjoyed this podcast, if you're getting value from it,
Speaker 1: if you would consider leaving a review wherever you listen
Speaker 1: to podcasts, we would really appreciate it because we're pumped
Speaker 1: to come in here and create this content every week,
Speaker 1: and we're we're pumped about the community that's developing around
Speaker 1: the show. A man to know that we've basically got
Speaker 1: the best listeners out there and they are showing their appreciation,
Speaker 1: you know, by leaving the review, leaving a little rating
Speaker 1: there that helps us out tremendously to spread the word
Speaker 1: for folks who haven't come across our podcast yet. So
Speaker 1: so all of you listeners out there who have done that, Man,
Speaker 1: thank you guys so much. To check out our home
Speaker 1: on the web, how to money dot com. We'll have
Speaker 1: our show notes up there. We'll be ready for you, Joel.
Speaker 1: Until next time, Man, best friends out, Best Friends Out,