Codie Sanchez argues side hustles keep you poor because most fail. Instead, build cash-flowing assets like businesses or rental properties while keeping your salary job to fund them. Once investment income covers your living expenses, you can leave work.
Chapters
Side hustles are actually meant to make you feel like you're going to get rich, but to keep you poor. They're stupid. They don't make you money. Most side hustles will actually never do anything but lose you money. Invest in things that cash flow to you, not just the stock market while you are employed. I never did startup side hustles early on while I was employed, but I did invest in other people's deals. I did invest in other people's businesses. I did buy rental properties simultaneously. And so I don't like the idea of a side hustle actually. Like, that's dumb. You don't want to hustle and you don't want it to be a side deal. You want cash flowing businesses that you actually own. So invest in businesses or deals. Keep your job, use your salary to fund them. This is how private equity people get rich. They don't have to quit their job to invest in companies. That's totally different. You have to quit your job if you're going to go start another job, obviously. So keep moving forward on investing in deals until the deals actually match the cost of living that you have, your cash flow. And then if you want to leave your business or your job, you can, but do it with a way that actually makes sense, which is investment income.
