Episode #458

What if one part-time side hustle could replace your entire income? Even better, what if you could keep your full-time job and spend a few hours a week making thousands extra a month, raking in cash, and reaching financial freedom faster? If you’re today’s guest, Ryan, then this is the situation you find yourself in. Don’t know which super lucrative side hustle we’re talking about? Stick around because you may have never thought of it before.

Ryan works full-time as a registered nurse in one of the most expensive areas of the country, Northern California. He’s made some ingenious money moves that allowed him to quadruple his income in just four years and live close to free every month in his own house. But, with a baby on the way, Ryan’s lucrative house hacking lifestyle may be coming to a close, and he’s debating what to do next. Should he pay off student loans, buy another home for his new family, stay in his current property, or expand his successful side hustle?

The good thing is that any of these moves could make Ryan richer, but he’ll be strapped for time with a sixty-hour-per-week working schedule and a newborn requiring constant attention. So, what’s the best money move to make for his future family? And should he go all-in on this wild side hustle that could make him even more than his job?

Show Notes at:
https://www.biggerpockets.com/blog/money-458?utm_source=youtube&utm_medium=description&utm_campaign=none
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Past BiggerPockets Episodes Mentioned:
Alex Hormozi: https://www.biggerpockets.com/blog/real-estate-649?utm_source=youtube&utm_medium=description&utm_campaign=none
Alex and Leila Hormozi: https://www.biggerpockets.com/blog/real-estate-798?utm_source=youtube&utm_medium=description&utm_campaign=none
Codie Sanchez: https://www.biggerpockets.com/blog/money-416?utm_source=youtube&utm_medium=description&utm_campaign=none
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How to Make Extra Money in 2023: 21 Ideas for Part-Time Gigs & Side Hustles:
https://www.biggerpockets.com/blog/side-hustle-ideas?utm_source=youtube&utm_medium=description&utm_campaign=none
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Passive Income, Aggressive Retirement:
https://www.amazon.com/Passive-Income-Aggressive-Retirement-Independence-ebook/dp/B081DH1V97
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@ryan_valentino or https://www.instagram.com/ryan_valentino/
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Scott: https://www.biggerpockets.com/users/scotttrench?utm_source=youtube&utm_medium=description&utm_campaign=none
Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none


00:00 Intro

01:18 Money Moment

02:07 4x-ing His Salary!

03:56 Money Snapshot

07:26 Financial Goals

10:18 Buy a Baby-Ready Home?

16:17 $50K Vending Machine Side Hustle

30:41 Preparing for the Baby

33:17 Start Saving NOW

39:29 Build Your (Side) Business!