Want to hit FIRE? You’ll need a smart side hustle. We’re talking about income-doubling, cash-printing, serious side businesses that will allow you to leave your job and grow a substantial income stream, so you can invest the rest and reach the early retirement you’ve dreamed of. And for today’s guest, Alex, this is exactly the goal. Alex left college and went straight into the corporate world, only to realize that her potential wasn’t being met and there were alternative income goldmines that she could be chasing.

So, she got her real estate license as a side hustle, helping buyers and sellers get into and out of homes. Her commissions boosted her income to unforeseen amounts, and now, Alex is sitting on a stack of cash that could help launch her to financial independence. But, even now, with a better job and a serious side hustle, Alex wants to venture deeper into the entrepreneurial realm. The next big dream? Becoming a financial coach for those that want to be in her position.

But, before she starts, Alex needs help figuring out what to do with the savings account she’s been diligently growing. Should she use it to put twenty percent down on a house hack that would limit her living expenses? Or, is there a savvier, more creative way to finance her next property that could put Alex in a FAR better position? If you’re trying to hit FI before, after, or at forty-five, this episode is one you can’t afford to miss!

Show Notes at:
https://www.biggerpockets.com/blog/money-395?utm_source=youtube&utm_medium=description&utm_campaign=none
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Tune in Next Week for Our Episode with Amanda the “She Wolfe of Wall Street”:
https://www.biggerpockets.com/blog/money-394?utm_source=youtube&utm_medium=description&utm_campaign=none
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Hear Our Episode with Amy on Growing Her Business to $10K/Month!
https://www.biggerpockets.com/blog/money-391?utm_source=youtube&utm_medium=description&utm_campaign=none
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21 Ideas for Part-Time Gigs & Side Hustles:
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Episode #395

00:00 Intro
01:16 Money Moment
04:17 Income, Expenses, Assets, and Liabilities
05:52 Quitting Corporate to Find FI
09:57 What to Do With Extra Cash
14:44 Buying Her First Property
24:07 Starting a Coaching Business
38:54 IRAs, HSAs, and Retirement Investing
44:24 The Path to $1,000,000
46:35 Alex’s Plan for FI