Side Hustles and Investing w/ Adam Koehler
In this episode, Shamus Madan talks to entrepreneur Adam Koehler about his transition to entrepreneurship, the impact of COVID-19, and preparing for a digital economy. They discuss side hustles such as car rental and crypto mining, and delve into investing strategies, the importance of diversification, and understanding business cycles. The episode ends with a discussion on the compound effect of small, regular investments.
Key Points
- Adam Kohler emphasizes the importance of turning a side hustle into a main hustle to achieve financial independence and reduce reliance on a traditional 9 to 5 job.
- Kohler advocates for the diversification of income streams, including investments in index funds, rental properties, and exploring new opportunities like cryptocurrency to build wealth over time.
- Starting small, avoiding unnecessary expenses, and consistently investing savings can significantly contribute to long-term financial growth and stability.
In this episode Adam Koehler from the Side Hustle City Podcast will be joining us to discuss:
Side Hustles
Should you start one?
How to have multiple streams of income?
and more
Side Hustle City Podcast: www.sidehustle.money
Disclaimer: The MBIT podcast is reflecting the opinion of only the host. The podcast is for informational purposes only. The podcast is not a research report and is not a recommendation to purchase or sell any stocks, holdings or securities. The podcast is also not meant to serve as the basis of any investment decision
Chapters
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Transcript
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