Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

323: Financial Independence Fast-Track: How to Replace Your Salary by Buying Mini Businesses

323: Financial Independence Fast-Track: How to Replace Your Salary by Buying Mini Businesses

FromThe Side Hustle Show


323: Financial Independence Fast-Track: How to Replace Your Salary by Buying Mini Businesses

FromThe Side Hustle Show

ratings:
Length:
39 minutes
Released:
Feb 21, 2019
Format:
Podcast episode

Description

Note: Click here to download Stacy’s top tips for buying, improving, and managing online businesses from this episode. Stacy Caprio was desperate to leave her day job. She ended up doing just that after acquiring – and improving – a portfolio of mini online businesses. In her case, these were websites that make money from advertising. Now, this asset class can be risky, and Stacy is open about her early failures. But if you have some online skills, (or management skills to bring people in if you don’t want to run the site yourself) this can be a fast-track to the cash flow you need to fund your lifestyle. Since websites often sell for 20x monthly earnings, they're perhaps 10-15x "cheaper" than if you were to rely solely on traditional investments and a 4% withdrawal rate. Sound like the kind of investment that suits your lifestyle? Tune in to hear where Stacy finds these businesses to buy, her unique filtering criteria, and a few quick ways she’s been able to accelerate the cash flow of her portfolio for even better returns.
Released:
Feb 21, 2019
Format:
Podcast episode

Titles in the series (100)

The Side Hustle Show is the podcast for part-time entrepreneurs who are looking for actionable tips and strategies on how to turn their side hustle dreams into reality. We cover all aspects of small business including marketing, sales, websites, social media, and more. Learn from experienced side hustle entrepreneurs the tactics you can implement today to take your ideas to the next level. Hosted by Nick Loper, Chief Side-Hustler at SideHustleNation.com.