You know those people on tik tok and youtube ( telling you about a side hustle that can make you a ton of Money Cough Cough ). And those picture of someone on a beach with a laptop. Or those people that tell you that they work 2 hours day and make a guzzzilian dollar

Full Transparency, to day I was going to make a video about new sidehustle ideas, and while doing research, I had this massive mix of emotions. People promising 10s of thousands in 10 days, people call other people scammer because they tried it out for 3 days and its not making a guzzilian yet.

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Chapter:
0:00 Intro
1:59 The 3 Categories
3:02 Picking The Right Side Hustle
14:19 My Thoughts
16:59 Outro

1. There are Only Really 3 reasons why Someone might want to start a side hustle ( and this very important for yourself, that you know Why you want to start and what the risk are )
– First: You want to Make enough to quite your Job
– Second: You need Some capital for that Idea
– Third: You just want to make Extra Income

My Reason was the First:
– First I was the guy trying to make enough money from his side hustle to quit my job/business ( High Risk and High Reward )
– Because how many people try to be youtuber and it never works out
– But to lower my risk, I got a Degree, Job, and a business ( meaning I had income to take care of all of my needs ) so I could fully focus on youtube and it paid off

Second Reason: You Need the Capital for this Big Idea ( high Risk and High Reward )
– An example of this is Warren Buffet, he worked a lot odd jobs and side hustles in order to save his first $10,000 by age 19
– Then utilized that money to invest into the stock market
– To lower the risk, he Acquired a lot of knowledge and then to increase the rewards he used Other peoples money after knowing for sure he knew what he was doing

Third Reason: is just to add some extra income ( Lower Risk and Moderate Reward )
– A perfect example of this is my friend, he has a good job that he doesn’t hate and it pays good amount of money
– But he want to use his money to make him more money ( so eventually the working aspect of his life is a choice )
– To lower the risk ( He acquired knowledge in real estate and takes things step by step )

2. Picking the Right side Hustle: It takes time
1. Something you like
– It will be Back breaking work with long Hours ( you’ll need effort and Energy : don’t believe the hype of no sleep and then you get Stroke )
– You need to make Time for it: What gets scheduled, gets Done
– For example: Imagine your working long hours, sacrificing Netflix and chill, you get paid $0 and you also hate it ( how long do you think you could do it for )

2. Your Good at : Or willing to Get very good at ( their this fallacy, that you either have it or you don’t, but in the world of Knowledge and skill, you either build it or you don’t )

3. And will make you Money or have the Potential to ( The less certainty you have the more risky it’ll probably be or less likely to make anything )
– For most side hustle, the income starts at $0 but depending on the one you pick can build up to 5 or 6 or even 7 figures
– Do you know what happens when something makes no money but requires a lot of effort for long time ( it gets rid of the people that troller, No ready and just in it for the money )

3. Final Thoughts
Long term Team: this video I have no suggestion as far what hustle to go income
– Because there are already so many options out their including on my channel

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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