In this YouTube presentation, award‑winning financial planner Dominique Broadway argues that investing is the optimal side hustle, especially for busy individuals like moms and CEOs. She emphasizes that investing is not tied to time—money works for you while you focus on family or other responsibilities. Dominique highlights that the skills needed to invest can be learned in a few weeks and last a lifetime, unlike many gig jobs that require ongoing effort. She contrasts investing with traditional side hustles such as rideshare driving, MLM recruitment, reselling clothes, and property rentals, noting that investing requires no recruiting, no physical assets, and can generate returns in hours or days, whereas most businesses take about seven years to become profitable. She also points out the lower risk of property damage and the sustainability of market‑based income. The video concludes with promotional calls to download a free ebook, join a free investing masterclass, and follow her on social media.
Chapters
Hey, it's Dominique Broadway, award-winning financial planner, personal finance expert, and the founder of Finances Demystified. And today I wanted to talk to you about finding the ideal side hustle. Now, for me, the ideal side hustle has always been investing. One of the main reasons why I love investing and why it has always just been my ultimate side hustle is that investing is not connected to time. And I know for many of you, just like myself, I'm a wife and I'm a mom of 2. I'm a CEO. And sometimes you just want to do something on the side, but you don't have tons of what? Time. Time is something that we cannot create more of. And that's one of the reasons why I've always loved investing is that it does not take tons of time. So I know a lot of us, a lot of us were looking for those side hustles and looking for ways to make more money. Maybe you consider driving for Uber or delivering for Postmates or Uber Eats or maybe even getting a job at like the local store or something like that. But that requires a lot more time, which is why I always loved investing. Because investing allows us to put our money into a financial asset or financial instrument. Instead of us doing the work, it's actually working for us. Since investing is not connected with time, another thing that I love is that when I have my investments going and I'm off somewhere doing something else, like hanging out with my kids or on vacation or even working, I can pop back and look at my investments and see that they have been making money for me, right? It's not me going out and making the money, they're literally making money for me. So if you don't have tons of time, investing is probably a great side hustle for you. Another reason investing can be the ultimate side hustle is that it does not require Now, you guys probably know I was previously a licensed stockbroker, right? So that I could provide those services to clients. But essentially, if you want to start investing and even trading for yourself, it is literally as simple as starting to do your own research or taking maybe some course for a few weeks and getting the skills. And once you have those skills, you have those skills for life, which is another reason why I love it. I love that I was able to teach myself how to start investing at the age of 16 and really focus on making those skills even stronger over the last few years. And no matter what's going on in the economy, no matter what's going on in my life, I still have those skills. So as long as the stock market is up and running, I can open up my phone or open up my laptop and place some trades or make investments to make and ensure that my money is still working for me. It's the ultimate side hustle for sure. Another reason investing wins for me is that it does not take years to see revenue. Now, did you know that the average business takes 7 years to become profitable? That's insane, right? Some people less, some people more, but that's typically about how long it takes for the average business to really get successful. And that's usually also the year where most entrepreneurs either give up or skyrocket to the moon. And with investing, I love it because I have literally participated in investments or trades that have given me returns within days, within hours, right? So that's another reason why investing can be your ideal side hustle. Now, this one is really good. How many times has this happened to you where your friend invites you over to their house and you think y'all about to just be kicking it, having some cocktails, and they want to pitch you on a business idea, right? You're like, wait, I thought we were just coming over here to hang out and have a drink. No, they want you to join their multi-level marketing thing and join this business opportunity, and you got to join it by today, blah, blah, blah, right? That's another reason why I love investing. So for a lot of people, they have gone and sought out business opportunities or multi-level marketing schemes, and now they want to bring you along with them as their side hustle. And with investing, you don't have to call nobody, right? So, if you are ambivert like myself and some days you want to be bothered and some days you don't, that's another reason why I love investing. You don't have to call anyone. You don't have to bring anybody else under you. It's just you and your investments or your charts or things of that nature. So, that's another reason why investing can be the ultimate side hustle. So, if you're not open to recruiting 5 friends, you don't have to worry about that when you start to invest. Another very popular side hustle recently has been selling your clothes or selling things that you no longer need, right? And this can be great because you can make some quick bucks selling some things that you no longer need around the house, but then what do you do when you've sold everything, right? So for a lot of people, they have turned to selling their old clothes or selling things they no longer want, but once those things are gone, it has completely changed dried up, right? So, that's another reason why investing has been a great side hustle, right? Because it doesn't dry up. The market goes nowhere. So, instead of like, "Oh, no. I've sold all my favorite t-shirts or I sold all my favorite jeans and now my side hustle has completely dried up." You don't have to worry about that with investing, right? Like I said, the market's not going anywhere. It's going to continue to be making money for you. So, how many of you have considered Airbnb-ing your place or renting out even your car through some services like Turo right? Which can be great. But investing doesn't ruin your stuff. And we hear a lot of crazy stories about people who put their houses on Airbnb or even just rented their houses out the old-fashioned way and can't even get the renters out or the renters have completely destroyed their homes or destroyed their properties or their cars, right? And this is another reason why I tend to lean more towards investing versus that route. Because I don't have to worry about someone coming in and destroying my property with investing. I can allow my money to work for me and a lot of times make a lot more money with investing and with the markets versus having to worry about if my renter doesn't pay their rent or completely just destroy the home, right? So that's another reason why investing wins. Okay, so I think I've given you more than enough reasons why you need to make investing and/or trading your ideal side hustle. It saves time, it can save you some cute clothes, and it can also save you a bunch of friendships, right? So if you want to learn more, use the link below to download my free ebook that shares with you how to start investing and why this is the ideal side hustle. Also, make sure you use the link below as well to join our free investing masterclass where I share with you how you can actually start investing and truly make this your ideal side hustle and maybe even your full-time situation. I don't know, but either way, please make sure you like, subscribe, and hit the notification button below so that you can get notified when we drop more content. And make sure you follow me on Instagram @DominiqueBroadway. See you soon.
