41 min listen
422: $1000 a Week Cash Flow ... from a Semi Truck?
422: $1000 a Week Cash Flow ... from a Semi Truck?
ratings:
Length:
43 minutes
Released:
Dec 10, 2020
Format:
Podcast episode
Description
Ever thought about buying a semi truck and renting it out? Yeah, me neither, until I came across Ericka. Apparently there's big money to be made in trucking, but like any other side hustle, there's some strategy, risk, and nuance to the business. Ericka Williams owns 12 of these giant 18-wheelers, which can generate thousands of dollars a month in profit. Ericka has gone from delivering pizzas as a side hustle to owning a painting company, to now managing an investment portfolio that includes both real estate and semi-trucks. If you're interested in real estate, there’s a parallel to consider with this business model. Trucks are assets you can acquire with leverage (meaning other people’s money), and essentially rent it out for weekly or monthly cash flow. Tune in to hear: how Ericka came across the idea of buying semi-trucks what to look for when buying your first truck the math, marketing, and mistakes to avoid in this side hustle Full show notes
Released:
Dec 10, 2020
Format:
Podcast episode
Titles in the series (100)
327: How to Get Unstuck: 6 Levers to Pull to Level Up Your Business: Todd Tresidder took his own personal net worth from less than zero at 23, to self-made millionaire and retired at 35. When it comes to building wealth, he's the smartest guy in the room. His latest book is The Leverage Equation: How to Work Less,... by The Side Hustle Show