Todd PolkeInvestment Strategist l Wealth Coach l Speaker, Todd Polke · Investment Strategist l Helping Investors and Business Owners grow their Wealth Faster

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20 May 2023 · 1 min

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In this YouTube short, the speaker addresses the growing popularity of side hustles and argues that investing ought to be considered an essential component of any side‑hustle strategy. He contrasts traditional side hustles—such as a second job, a small business, or flipping items on eBay, which require the individual’s labor for income—with investing, which allows money to generate returns in the marketplace without continuous personal effort. The core message is that investing enables your capital to work harder for you, reducing the need to constantly trade labor for money.

Chapters

There is a lot of popularity around this term called having a side hustle right now. Now, one question that I get asked is, can investing actually be your side hustle? Let me answer this in a little bit of a different way. I think investing has to be part of your side hustle. Now, let me tell you the reason why. For most people, when they're talking about having a side hustle, it's kind of like having another job or starting a little business on the side or going and flipping and trading things on eBay and different elements like that. Now, let's be clear, that is still all about you out there doing work in exchange for having money. Where what investing really is, is getting you to a point of making sure that your money is out there working harder for you in the marketplace rather than you actually just having to go out and work hard all the time.