33 min listen
160: 6 Income Streams with a W2 Job and 4 Kids: Finance Friday with Cort Johnson
160: 6 Income Streams with a W2 Job and 4 Kids: Finance Friday with Cort Johnson
ratings:
Length:
61 minutes
Released:
Jan 8, 2021
Format:
Podcast episode
Description
Many listeners of the BiggerPockets Podcast network are resourceful when saving and earning money, but maybe not quite as resourceful as Cort Johnson. Not only does he have a full-time engineering job, which he uses to support his family, he also has 5 other streams of income on the side!From contract welding projects, to dropshipping, renting out his trailer, and even raising rabbits (seriously!), Cort has done almost everything under the sun to build up his assets. The main problem: some income streams are taking up too much time, while providing too little in return.This is a constant problem that entrepreneurs and FIRE members face, too many options! Mindy and Scott go through Cort Johnson's income, budget, expenses, and general finances to see where he should allocate his time for maximum return.This episode goes deep on the importance of scalable income and following your passions to develop side income streams that you enjoy. Cort dreams big about starting his own business, investing in multifamily property, and living financially free. As you’ll hear in this episode, he’s not far off!In This Episode We CoverHow to focus on side income streams that are worth the timeBudgeting and expense tracking so you spend lessCalculating the value of your time (so you don’t waste it)Why you should “do what you know” if you’re going to start your own businessTurning a large single family property into a multi family for house hacking Why dropshipping is such a great side hustle for busy peopleAnd SO Much More!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsFinance Review Guest OnboardingCheck the full show notes here: https://www.biggerpockets.com/moneyshow160See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jan 8, 2021
Format:
Podcast episode
Titles in the series (100)
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